About Positive Electronics Ltd
Data last updated:
Positive Electronics Ltd is a public limited company based in Kolkata, West Bengal, 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 brokerage and trading services segment of the financial services sector. It was incorporated on 18 August 1981.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L67120WB1981PLC033990. It is recorded as listed by MCA, but its shares were delisted from BSE on 20 Jun 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹3.24 Cr and a paid-up capital of ₹3.2 Cr. It is led by directors including Roma Jha (Whole-Time Director) and Chirag Bhupendrabhai Kashiparekh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bolai Kutir 23A/1B Justice Dwarkanath Road Bhowanipure, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.11 Lakh, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹18.8 Lakh (net margin -457.4%) and EBITDA of -₹18.8 Lakh (EBITDA margin -457.4%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 23% over five years.
Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it. The company has 58 deals on record (58 market trades); the latest was in December 2015.
The last known website on record is positiveelectronics.in.
Company details
CIN history
Positive Electronics has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67120WB1981PLC033990, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120WB1981PLC033990 | Current |
| U67120WB1981PLC033990 | Previous |
| U67120WB1981PTC033990 | Previous |
Contact details
Positive Electronics Ltd's registered office is in Kolkata, West Bengal. Its website is positiveelectronics.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBolai Kutir 23A/1B Justice Dwarkanath Road Bhowanipure, Kolkata, West Bengal, India – 700020
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Positive Electronics Ltd, 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
Financials of Positive Electronics Ltd
FY 2024 filings availablePositive Electronics Ltd reported revenue of ₹4.11 Lakh (down 73% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 73% fall in the latest year. EBITDA rose 92% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹18.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.8 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -457.4% | ||||
| Net Profit Margin | -457.4% | ||||
| 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 Positive Electronics Ltd, buy the company report.
Board of directors and KMP of Positive Electronics Ltd
Positive Electronics Ltd currently reports 6 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Bhupendrabhai Kashiparekh | Director | 06 Dec 2016 | 9 Years 11 Months | As last reported |
| Abhishek Sharad | Director | 02 Feb 2018 | 8 Years 9 Months | As last reported |
| Sujeet Singh Also directs: Vibha Resources and Industries Private Limited, Kalamunj Realtors Private Limited, Advent Tie Up Private Limited and 4 more | Director | 02 Feb 2018 | 8 Years 9 Months | As last reported |
| Vinay Sureka Also directs: Ranisati Capital Private Limited, Ranisati Nirman Private Limited, Ranisati Housing Private Limited and 5 more | Director | 29 Mar 2018 | 8 Years 7 Months | As last reported |
| Amitabh Sharad Also directs: J'luxe Concepts & D'signs Private Limited, Winmaxx Infrastructure Private Limited, Ranisati Capital Private Limited and 3 more | Cfo | 29 Mar 2018 | 8 Years 7 Months | As last reported |
| Shambhu Kumar Agarwal | Director | 05 May 2022 | 4 Years 6 Months | As last reported |
Auditor
Positive Electronics Ltd is audited by P Khetan & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P Khetan & Co | FY 2023 | 327386E |
Shareholding
The shareholding of Positive Electronics Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Positive Electronics Ltd, buy the company report.
Deals & funding
Positive Electronics Ltd has 58 deals on record (58 market trades); the latest was in December 2015.
Deals on record (5 of 58)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2015 | Market trade | ₹4.7 Lakh | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited , an individual |
| Oct 2015 | Market trade | ₹9.5 Lakh | Buyer: NBN Fintrade Private Limited , an individual Seller: NBN Fintrade Private Limited , an individual |
| Oct 2015 | Market trade | ₹4.1 Lakh | Buyer: Maisil Mercantile Private Limited Seller: Maisil Mercantile Private Limited |
| Oct 2015 | Market trade | ₹13.5 Lakh | Buyer: Maisil Mercantile Private Limited Seller: Maisil Mercantile Private Limited , an individual |
| Oct 2015 | Market trade | ₹5 Lakh | Buyer: Maisil Mercantile Private Limited Seller: Maisil Mercantile Private Limited |
To see the full deal history of Positive Electronics Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Positive Electronics Ltd has 7 court cases on record: 6 filed by Positive Electronics, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Revision petition | Filed by the company against The State of West Bengal | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Disposed |
| Calcutta High Court | Court case (CRR) | Filed by the company against an individual | Disposed |
| Calcutta High Court | Court case (CRR) | Filed by the company against M/S. Orient Electronics & Anr | Disposed |
| High Court | Arbitration matter | Filed by the company against an individual | Disposed |
To see the full case history of Positive Electronics Ltd, 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
No delayed payments to MSME suppliers are on our record for Positive Electronics Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Positive Electronics Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Positive Electronics Ltd has 43 board changes on record since 1995: 25 appointments and 18 cessations. The latest: Udit Agarwal ceased to be Irp/Rp/Liquidator on 10 Dec 2025.
34 earlier events are in the company report.
Frequently asked questions
Positive 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.
Positive Electronics is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 18 August 1981 and is registered under CIN L67120WB1981PLC033990. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Positive Electronics has 7 current directors and KMP:
- Roma Jha - Whole-Time Director
- Chirag Bhupendrabhai Kashiparekh - Director
- Abhishek Sharad - Director
- Sujeet Singh - Director
- Vinay Sureka - Director
- Shambhu Kumar Agarwal - Director
- Amitabh Sharad - Cfo
The latest financial statements of Positive Electronics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Positive Electronics is L67120WB1981PLC033990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Positive Electronics is recorded as a listed company by MCA, but its shares were delisted from BSE on 20 Jun 2023 · compulsory delisting, and no longer trade on a stock exchange.
Positive Electronics has 7 court cases on record: 6 filed by the company and 1 filed against it. Most are in the high courts.
Positive Electronics was incorporated on 18 August 1981. It is registered with the Registrar of Companies, Kolkata.
Positive Electronics has 58 deals on record (58 market trades); the latest was in December 2015.
Udit Agarwal ceased to be Irp/Rp/Liquidator on 10 Dec 2025. Udit Agarwal was appointed as Irp/Rp/Liquidator on 13 Jan 2025. Rahul Kumar Lodha ceased to be Company Secretary on 01 Apr 2023. Positive Electronics has 43 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
