DPIIT recognised startup Government of India
Zulu Defence Systems Private Limited - aerospace, maritime and defense in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹38.87 Cr
▲ 317% YoY
Net profit · FY 2026
₹20.93 Cr
Net margin 53.8%
EBITDA · FY 2026
₹20.91 Cr
EBITDA margin 53.8%
Authorised capital
₹15.5 Lakh
Registered with MCA
Paid-up capital
₹1.25 Lakh
Issued & subscribed
Open charges
₹2.55 Cr
Secured borrowings
Company age
3 yrs
Est. 2023
Directors on board
4
As per MCA filings
About Zulu Defence Systems Private Limited
Data last updated:
Zulu Defence Systems Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 06 October 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62091KA2023PTC179458. Its GSTIN is 29AACCZ2841B1ZG (Karnataka).
The company has an authorised share capital of ₹15.5 Lakh and a paid-up capital of ₹1.25 Lakh. It is led by directors including Nagendran Kandasamy (Managing Director) and Samar Pal Singh Toor.
Its last annual general meeting (AGM) was held on 26 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹38.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹20.93 Cr (net margin 53.8%) and EBITDA of ₹20.91 Cr (EBITDA margin 53.8%).
The company is associated with 1 brand: Zulu Defence. As per MCA filings, the company has open charges of ₹2.55 Cr on record. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.24 Cr; the latest was in May 2025.
For more details, the company can be reached via its website zuludefence.tech.
Company details
CIN U62091KA2023PTC179458
Registration Number 179458
Incorporation Date 06 October 2023
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 June 2026
Date of Balance Sheet 31 March 2026
DPIIT Recognition Recognised Startup
Key People
Nagendran Kandasamy Managing Director Samar Pal Singh Toor Director Rajagopal Sethuraman Director Recognitions & Rankings of Zulu Defence Systems
Contact details
Zulu Defence Systems Private Limited's registered office is in Bangalore North, Karnataka.
- Social Media
- Registered AddressSite No 04 Survey No 86/4, Bileshivale Village Bidarahalli Hobli, Bangalore, Karnataka, India – 560077
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
Comprehensive company report
Zulu Defence Systems Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Zulu Defence Systems operates one associated brand: Zulu Defence. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tactical air defence drone systems are developed for national security. | zuludefence.tech |
Business activity
The main business activity of Zulu Defence Systems is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of Zulu Defence Systems Private Limited, buy the company report.
Financials of Zulu Defence Systems Private Limited
FY 2026 filings availableZulu Defence Systems Private Limited reported revenue of ₹38.87 Cr (up 317% YoY) for FY 2026.
Revenue · FY 2026
₹38.87 Cr ▲ 317%
Net profit · FY 2026
₹20.93 Cr margin 53.8%
EBITDA · FY 2026
₹20.91 Cr margin 53.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 317%
Revenue rose 317% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹38.87 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹20.91 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹20.93 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 53.8% | ||
| Net Profit Margin | 53.8% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Zulu Defence Systems Private Limited, buy the company report.
Board of directors of Zulu Defence Systems Private Limited
Zulu Defence Systems has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samar Pal Singh Toor | Director | 13 Aug 2024 | 2 Years 2 Months | Current |
| Rajagopal Sethuraman Also directs: Beer Works Restaurants and Microbrewery Private Limited | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Nagendran Kandasamy | Managing Director | 01 Sep 2025 | 1 Years 2 Months | Current |
| Shashikumar Ramakrishna | Director | 01 Sep 2025 | 1 Years 2 Months | Current |
Auditor
Zulu Defence Systems Private Limited is audited by KIRTANE & PANDIT LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRTANE & PANDIT LLP | FY 2026 | 105215W |
Shareholding
The shareholding of Zulu Defence Systems Private Limited is on record for 3 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Zulu Defence Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.55 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2025 | 101116553 | Hdfc Bank Limited | ₹2.55 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Zulu Defence Systems Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.24 Cr; the latest was in May 2025.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹8.24 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Funding round · Seed | ₹2.02 Cr | Investors: 4 individuals |
| Jan 2024 | Funding round · Seed | ₹6.21 Cr | Investors: India Accelerator, Finvolve, Scale and Grow Innovations LLP |
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Zulu Defence Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Zulu Defence Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Zulu Defence Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCZ2841B1ZG | Karnataka | Active | 25 Oct 2023 |
To see the full GST registrations and return filing status of Zulu Defence Systems Private Limited, buy the company report.
Recent activity
Zulu Defence Systems Private Limited has 7 board changes on record since 2023: 4 appointments and 3 cessations. The latest: Nagendran Kandasamy was appointed as Managing Director on 01 Sep 2025.
AGM
Zulu Defence Systems Private Limited last Annual general meeting of members was held on 26 Jun 2026 as per latest MCA records.
Filing
Zulu Defence Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Appointed
Nagendran Kandasamy was appointed as Managing Director.
Appointed
Shashikumar Ramakrishna was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 255.00 Lakh with Charge ID 101116553 was registered on 31 May 2025.
Ceased
Samar Pal Singh Toor ceased to be Additional Director.
Appointed
Samar Pal Singh Toor was appointed as Director.
Ceased
Nagendran Kandasamy ceased to be Director.
Ceased
Ramakrishna Shashikumar ceased to be Director.
Appointed
Rajagopal Sethuraman was appointed as Director.
Incorporation
06 Oct 2023
Zulu Defence Systems Private Limited was registered on 06 Oct 2023 with Roc Bangalore & aged 3 years 30 days as per MCA records.
Frequently asked questions
Zulu Defence Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 06 October 2023 (3+ years old) and is registered under CIN U62091KA2023PTC179458.
Zulu Defence Systems has 4 current directors:
- Nagendran Kandasamy - Managing Director
- Samar Pal Singh Toor - Director
- Rajagopal Sethuraman - Director
- Shashikumar Ramakrishna - Director
The latest financial statements of Zulu Defence Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 June 2026. Year-wise statements from FY 2024 are in the company report.
The GSTIN of Zulu Defence Systems is 29AACCZ2841B1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Zulu Defence Systems is U62091KA2023PTC179458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zulu Defence Systems was incorporated on 06 October 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
Zulu Defence Systems has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.24 Cr; the latest was in May 2025.
Nagendran Kandasamy was appointed as Managing Director on 01 Sep 2025. Shashikumar Ramakrishna was appointed as Director on 01 Sep 2025. Samar Pal Singh Toor ceased to be Additional Director on 29 Sep 2024. Zulu Defence Systems has 7 board changes on record in total.
Yes, Zulu Defence Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Zulu Defence Systems can be reached through the website zuludefence.tech. Its registered office is in Bangalore, Karnataka, India.
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