Indolux Electronics Private Limited
About Indolux Electronics Private Limited
Data last updated:
Indolux Electronics Private Limited is a private limited company based in Indore, Madhya Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 21 August 1991.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31501MP1991PTC006615. Its GSTIN is 23AABCM8744R1ZV (Madhya Pradesh).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors Karunakaran Pillai and Shabbir Patanwala.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at A – 54 Abhinandan Nagar Sukhliya, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2023, the company reported a revenue of ₹7 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹1.45 Cr (net margin -20.7%) and EBITDA of -₹1.31 Cr (EBITDA margin -18.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 52% over five years.
Court records list 1 case involving the company, including 1 filed against it.
Company details
Contact details
Indolux Electronics Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 54 Abhinandan Nagar Sukhliya, Indore, Madhya Pradesh, India – 452010
- IndustryManufacturing, Cable & Wire
To see the full contact details of Indolux Electronics Private Limited, buy the company report.
- 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
Business activity
The main business activity of Indolux Electronics is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Indolux Electronics Private Limited, buy the company report.
Financials of Indolux Electronics Private Limited
FY 2023 filings availableIndolux Electronics Private Limited reported revenue of ₹7 Cr (down 5% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 52%. EBITDA fell 506% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.45 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.6% | ||||
| Net Profit Margin | -20.7% | ||||
| 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 Indolux Electronics Private Limited, buy the company report.
Board of directors of Indolux Electronics Private Limited
Indolux Electronics has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karunakaran Pillai | Director | 25 Jan 2018 | 8 Years 9 Months | As last reported |
| Shabbir Patanwala | Director | 25 Jan 2018 | 8 Years 9 Months | As last reported |
Peer comparison
Indolux Electronics Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eles Vinyl Private Limited | ₹7.19 Cr (FY 2025) | -9.0% | Hyderabad, Telangana, India | |||
| Hiconics Private Limited | ₹7.13 Cr (FY 2025) | 2303.0% | Bengaluru, Karnataka, India | |||
| Indolux Electronics Private Limitedthis company | ₹7 Cr (FY 2023) | -₹1.45 Cr | -20.7% | -5.0% | Indore, Madhya Pradesh, India | |
| Stream Cables Private Limited | ₹6.96 Cr (FY 2024) | 72.0% | Agra, Uttar Pradesh, India | |||
| Ptfe Electronics Private Limited | ₹6.92 Cr (FY 2024) | -2.0% | Ghaziabad, Uttar Pradesh, India | |||
| Sahaj Abhilasha Industries Private Limited | ₹6.9 Cr (FY 2024) | Raipur, Chhattisgarh, India |
To see the full peer comparison of Indolux Electronics Private Limited, buy the company report.
Auditor
Indolux Electronics Private Limited is audited by Nagori Nuwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nagori Nuwal & Co. | FY 2023 | 08185C |
Shareholding
The shareholding of Indolux Electronics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indolux Electronics Private Limited, buy the company report.
Legal cases
Indolux Electronics Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Indore | Insolvency matter | Filed against the company by Kuber Lighting Private Ltd. | Disposed |
To see the full case history of Indolux Electronics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Indolux Electronics Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 33 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Reliable Wire Industries | |||
| an individual supplier | |||
| Aamsel Impex Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Indolux Electronics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Indolux Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCM8744R1ZV | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indolux Electronics Private Limited, buy the company report.
Recent activity
Indolux Electronics Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Arun Sharma ceased to be Director on 18 Apr 2023.
Frequently asked questions
Indolux Electronics is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indolux Electronics is a company under insolvency, formerly operating as a private limited company based in Indore, Madhya Pradesh, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 21 August 1991 and is registered under CIN U31501MP1991PTC006615. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indolux Electronics has 2 current directors:
- Karunakaran Pillai - Director
- Shabbir Patanwala - Director
The latest financial statements of Indolux Electronics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indolux Electronics is U31501MP1991PTC006615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indolux Electronics has 1 court case on record: 1 filed against it.
Indolux Electronics was incorporated on 21 August 1991. It is registered with the Registrar of Companies, Gwalior.
The peers of Indolux Electronics by revenue are Eles Vinyl Private Limited, Hiconics Private Limited, Stream Cables Private Limited, Ptfe Electronics Private Limited, Sahaj Abhilasha Industries Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Arun Sharma ceased to be Director on 18 Apr 2023. Karunakaran Pillai ceased to be Additional Director on 29 Sep 2018. Shabbir Patanwala ceased to be Additional Director on 29 Sep 2018. Indolux Electronics has 8 board changes on record in total.
Indolux Electronics has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 33 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.
The registered office of Indolux Electronics is at A – 54 Abhinandan Nagar Sukhliya, Indore, Madhya Pradesh, India – 452010.
The GSTIN of Indolux Electronics is 23AABCM8744R1ZV, registered in Madhya Pradesh.
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