Startup India Government of India
Worth Electric Private Limited - manufacturing in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹47.44 Lakh
▲ 2% YoY
Net profit · FY 2024
₹1.02 Lakh
Net margin 2.1%
EBITDA · FY 2024
₹1.78 Lakh
EBITDA margin 3.8%
Authorised capital
₹9 Lakh
Registered with MCA
Paid-up capital
₹1.5 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Worth Electric Private Limited
Data last updated:
Worth Electric Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the diversified operations segment of the manufacturing sector. It was incorporated on 28 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U36999MP2018PTC046114. Its GSTIN is 23AACCW2331H1ZQ (Madhya Pradesh).
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors Piyush Dangi and Pushpa Dangi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 43 – B Sudama Nagar Annapurna Road, Indore, Madhya Pradesh, India – 452009.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.44 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Lakh (net margin 2.1%) and EBITDA of ₹1.78 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 84% over five years.
Worth Electric Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0023104). For more details, the company can be reached via its website worthgroup.co.in.
Company details
CIN U36999MP2018PTC046114
Registration Number 046114
Incorporation Date 28 June 2018
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0023104
Key People
Piyush Dangi Director Pushpa Dangi Director Recognitions & Rankings of Worth Electric
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0023104
Contact details
Worth Electric Private Limited's registered office is in Indore, Madhya Pradesh. Its website is worthgroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address43 – B Sudama Nagar Annapurna Road, Indore, Madhya Pradesh, India – 452009
- IndustryManufacturing, Other, Manufacturing
To see the full contact details of Worth Electric Private Limited, buy the company report.
Comprehensive company report
Worth Electric 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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Business activity
The main business activity of Worth Electric is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Worth Electric Private Limited, buy the company report.
Financials of Worth Electric Private Limited
FY 2025 filings availableWorth Electric Private Limited reported revenue of ₹47.44 Lakh (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹47.44 Lakh ▲ 2%
Net profit · FY 2024
₹1.02 Lakh margin 2.1%
EBITDA · FY 2024
₹1.78 Lakh margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 12%
5 years · compounded
▲ 84%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 6%
5 years · compounded
▲ 62%
Revenue has grown at a compounded annual rate (CAGR) of 84% over five years, including 2% growth in the latest year. EBITDA fell 13% 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 | |||||
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| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.78 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.02 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 | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Worth Electric Private Limited, buy the company report.
Board of directors of Worth Electric Private Limited
Worth Electric has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Dangi | Director | 28 Jun 2018 | 8 Years 4 Months | Current |
| Pushpa Dangi | Director | 28 Jun 2018 | 8 Years 4 Months | Current |
Peer comparison
Worth Electric Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Harvest Packaging Private Limited | ₹47.6 Lakh (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Ecomile Tech Private Limited | ₹47.57 Lakh (FY 2024) | 43055.0% | Gurugram, Haryana, India | |||
| Gramalaya Entrepreneurs Associates Tiruchirappalli Private Limited | ₹47.57 Lakh (FY 2025) | -48.0% | Thottiam, Tamil Nadu, India | |||
| Aqua Solution Engineers Private Limited | ₹47.45 Lakh (FY 2024) | 20.0% | Bangalore, Karnataka, India | |||
| Worth Electric Private Limitedthis company | ₹47.44 Lakh (FY 2024) | ₹1.02 Lakh | 2.1% | 2.0% | Indore, Madhya Pradesh, India | |
| Cupromed India Private Limited | ₹47.42 Lakh (FY 2025) | 14.0% | Gurugram, Haryana, India | |||
| Smart Frames India Private Limited | ₹47.35 Lakh (FY 2024) | -20.0% | Hyderabad, Telangana, India | |||
| P K Print & Pack Private Limited | ₹47.28 Lakh (FY 2025) | -10.0% | Delhi, India | |||
| D.S. Marbles Pvt. Ltd. | ₹47.27 Lakh (FY 2025) | -7.0% | Udaipur, Rajasthan, India | |||
| Akay Cosmetics Private Limited | ₹47.18 Lakh (FY 2023) | Mumbai, Maharashtra, India |
To see the full peer comparison of Worth Electric Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Worth Electric 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 Worth Electric Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Worth Electric has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCW2331H1ZQ | Madhya Pradesh | Active | 10 Sep 2018 |
To see the full GST registrations and return filing status of Worth Electric Private Limited, buy the company report.
Recent activity
Worth Electric Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Piyush Dangi was appointed as Director on 28 Jun 2018.
AGM
Worth Electric Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Worth Electric Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Appointed
Piyush Dangi was appointed as Director.
Appointed
Pushpa Dangi was appointed as Director.
Incorporation
28 Jun 2018
Worth Electric Private Limited was registered on 28 Jun 2018 with Roc Gwalior & aged 8 years 4 months as per MCA records.
Frequently asked questions
Worth Electric is an active private limited company based in Indore, Madhya Pradesh, India. The company works in other, within the manufacturing industry. It was incorporated on 28 June 2018 (8+ years old) and is registered under CIN U36999MP2018PTC046114.
Worth Electric has 2 current directors:
- Piyush Dangi - Director
- Pushpa Dangi - Director
The latest financial statements of Worth Electric on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Worth Electric is 23AACCW2331H1ZQ, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Worth Electric is U36999MP2018PTC046114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Worth Electric was incorporated on 28 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Worth Electric by revenue are Harvest Packaging Private Limited, Ecomile Tech Private Limited, Gramalaya Entrepreneurs Associates Tiruchirappalli Private Limited, Aqua Solution Engineers Private Limited, Cupromed India Private Limited and 4 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Piyush Dangi was appointed as Director on 28 Jun 2018. Pushpa Dangi was appointed as Director on 28 Jun 2018.
Yes, Worth Electric is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Worth Electric is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0023104).
Worth Electric can be reached through the website worthgroup.co.in. Its registered office is in Indore, Madhya Pradesh, India.
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