Akshar Elecinfra Private Limited

Akshar Elecinfra Private Limited - energy and power in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U45204GJ2009PTC055925 Incorporated 20 January 2009 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Private Limited Company energy and power MSME · Medium
Revenue · FY 2025
₹321.49 Cr
▲ 46% YoY
Net profit · FY 2025
₹21.64 Cr
Net margin 6.7%
EBITDA · FY 2025
₹33.18 Cr
EBITDA margin 10.3%
Authorised capital
₹1.7 Cr
Registered with MCA
Paid-up capital
₹1.7 Cr
Issued & subscribed
Open charges
₹253.35 Cr
Satisfied ₹60.96 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
1,924
Provident fund records

About Akshar Elecinfra Private Limited

Data last updated:

Akshar Elecinfra Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 20 January 2009 and has been in existence for over 17 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45204GJ2009PTC055925. Its GSTIN is 24AAHCA6615P1ZD (Gujarat). The company holds 17 GST registrations, of which 14 are active.

The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.7 Cr. It is led by directors including Niral Pravinkumar Dave (Managing Director) and Deval Niral Dave.

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 Plot No: 986/20/13 GIDC Industrial Estate Makarpura, Vadodara, Gujarat, India – 390010.

As per the financials filed for FY 2025, the company reported a revenue of ₹321.49 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹21.64 Cr (net margin 6.7%) and EBITDA of ₹33.18 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 26% over five years.

The company has about 1,924 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹253.35 Cr and satisfied charges of ₹60.96 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹59 Lakh; the latest was in March 2018.

Akshar Elecinfra Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0005040). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akshar-group.com.

Company details

CIN U45204GJ2009PTC055925
Registration Number 055925
Incorporation Date 20 January 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0005040
Key People
Niral Pravinkumar Dave Managing Director Deval Niral Dave Director Stuti Dave Additional Director

Recognitions & Rankings of Akshar Elecinfra

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-24-0005040

Contact details

Akshar Elecinfra Private Limited's registered office is in Vadodara, Gujarat. Its website is akshar-group.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    akshar-group.com
  • Social Media
  • Registered Address
    Plot No: 986/20/13 GIDC Industrial Estate Makarpura, Vadodara, Gujarat, India – 390010
  • Industry
    Energy and Power, BoP & BTG Services, Power Equipment Manufacturers, Power EPC

To see the full contact details of Akshar Elecinfra Private Limited, buy the company report.

Comprehensive company report
Akshar Elecinfra 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 activities of Akshar Elecinfra are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Akshar Elecinfra Private Limited, buy the company report.

Financials of Akshar Elecinfra Private Limited

FY 2025 filings available

Akshar Elecinfra Private Limited reported revenue of ₹321.49 Cr (up 46% YoY) for FY 2025.

Revenue · FY 2025
₹321.49 Cr ▲ 46%
Net profit · FY 2025
₹21.64 Cr margin 6.7%
EBITDA · FY 2025
₹33.18 Cr margin 10.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 25%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▲ 135%
3 years · compounded
▲ 72%
5 years · compounded
▲ 33%

Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 46% growth in the latest year. EBITDA rose 135% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹33.18 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹21.64 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin10.3%
Net Profit Margin6.7%
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 Akshar Elecinfra Private Limited, buy the company report.

Board of directors of Akshar Elecinfra Private Limited

Akshar Elecinfra has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Deval Niral DaveDirector20 Jan 200917 Years 9 MonthsCurrent
Stuti Dave
Also directs: Akshar Electric Panel Boards Private Limited, Akshar Leepant Private Limited
Additional Director01 May 20251 Years 6 MonthsCurrent
Niral Pravinkumar Dave
Also directs: Akshar Electric Panel Boards Private Limited, Akshar Agencies Electrade Private Limited, Akshar Leepant Private Limited
Managing Director20 Jan 200917 Years 9 MonthsCurrent
Kattunga Srinivasa Rao
Also directs: PSP Projects Limited, Cemindia Projects Limited, Buildcast Solutions Private Limited and 5 more
Director08 Oct 20251 Years 1 MonthsCurrent
Vipin Goel
Also directs: Buildcast Solutions Private Limited, Adani Infra Supply Management Limited, Altis Energy Systems Limited
Director08 Oct 20251 Years 1 MonthsCurrent
Rajeev Pal
Also directs: Vizag Mega Data Center Park Limited, Vizag Hyperscale Data Center Park Limited, Vizag Rambilli Data Center Park Limited and 2 more
Director08 Oct 20251 Years 1 MonthsCurrent
View all directors

Auditor

Akshar Elecinfra Private Limited is audited by Anil Thakkar & Associates for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Anil Thakkar & AssociatesFY 2024104130W

Shareholding

The shareholding of Akshar Elecinfra Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Akshar Elecinfra Private Limited, buy the company report.

Charges & borrowings

Open charges
₹253.35 Cr
Satisfied charges
₹60.96 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹119.46 Cr
Standard Chartered Bank₹83.09 Cr
Axis Bank Limited₹50.20 Cr
Others₹0.40 Cr
Bank of India₹0.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Jul 2025101163375Axis Bank Limited₹50.2 CrOpen
27 Feb 2024100883081Hdfc Bank Limited₹41 LakhOpen
23 Nov 2023100885194Others₹40 LakhOpen
14 Jun 2023100734330Bank of India₹9.74 LakhOpen
01 Apr 2023100705471Hdfc Bank Limited₹69.05 CrOpen

To see the full charge records of Akshar Elecinfra Private Limited, buy the company report.

Total charge records: 29 View all charges

Deals & funding

Akshar Elecinfra Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹59 Lakh; the latest was in March 2018.

Total deals
3
Funding rounds
2
Rights issue
1
Disclosed funding
₹59 Lakh

Deals on record (3 of 3)

WhenDealAmountParties
Mar 2018Rights issue₹50 LakhInvestors: an individual
Mar 2012Funding round₹15 LakhInvestors: 2 individuals
May 2010Funding round₹44 LakhInvestors: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Akshar Elecinfra Private Limited was last rated by Crisil on 15 Jul 2020.

Rating agencyRated onRating
Crisil15 Jul 2020

To see the full credit ratings and regulatory alerts of Akshar Elecinfra Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Akshar Elecinfra Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Akshar Elecinfra has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Associated companies

Employees & EPFO

Akshar Elecinfra Private Limited has a workforce of 1,924 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
1,924
Active EPFO establishments
1
Employee growth
96.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-271,924
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Akshar Elecinfra Private Limited, buy the company report.

GST

Akshar Elecinfra has 17 GST registrations: 14 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
17
Active
14
Cancelled / inactive
3
GSTINStateStatusRegistered on
24AAHCA6615P1ZDGujaratActive01 Jul 2017
24AAHCA6615P2ZCGujaratActive18 Apr 2024
23AAHCA6615P1ZFMadhya PradeshActive01 Jul 2017
29AAHCA6615P1Z3KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Akshar Elecinfra Private Limited, buy the company report.

Recent activity

Akshar Elecinfra Private Limited has 7 board changes on record since 2009: 6 appointments and 1 cessation. The latest: Kattunga Srinivasa Rao was appointed as Director on 08 Oct 2025.

Appointed
Kattunga Srinivasa Rao was appointed as Director.
Appointed
Rajeev Pal was appointed as Director.
Appointed
Vipin Goel was appointed as Director.
AGM
Akshar Elecinfra Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 03 Jul 2023 via Charge ID 100749622 with Axis Bank Limited was fully satisfied on 30 Jul 2025.
Charges
A charge registered on 17 Jul 2015 via Charge ID 10582267 with Bank Of India was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 17 Jul 2015 via Charge ID 10582322 with Bank Of India was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 12 Jun 2015 via Charge ID 10574830 with Bank Of India was fully satisfied on 17 Jul 2025.
Charges
A charge registered on 11 Jun 2015 via Charge ID 10574827 with Bank Of India was fully satisfied on 17 Jul 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 50.20 Cr with Charge ID 101163375 was registered on 10 Jul 2025.
Charges
A charge registered on 24 Jul 2019 via Charge ID 100288954 with Others was fully satisfied on 01 Jul 2025.
Charges
A charge with Standard Chartered Bank of Rs. 49.00 Cr registered on 06 Nov 2019 with Charge ID 100299012 was modified on 25 Jun 2025.

52 earlier events are in the company report.

Frequently asked questions

Akshar Elecinfra is an active private limited company based in Vadodara, Gujarat, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 20 January 2009 (17+ years old) and is registered under CIN U45204GJ2009PTC055925.

Akshar Elecinfra has 6 current directors:

The latest financial statements of Akshar Elecinfra 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 2015 are in the company report.

The GSTIN of Akshar Elecinfra is 24AAHCA6615P1ZD, registered in Gujarat. The company has 17 GST registrations in all, of which 14 are active and 3 are cancelled or inactive. Other active GSTINs include 24AAHCA6615P2ZC (Gujarat), 23AAHCA6615P1ZF (Madhya Pradesh), 29AAHCA6615P1Z3 (Karnataka).

The CIN (Corporate Identification Number) of Akshar Elecinfra is U45204GJ2009PTC055925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Akshar Elecinfra has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.

Akshar Elecinfra was incorporated on 20 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Akshar Elecinfra has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹59 Lakh; the latest was in March 2018.

Kattunga Srinivasa Rao was appointed as Director on 08 Oct 2025. Rajeev Pal was appointed as Director on 08 Oct 2025. Vipin Goel was appointed as Director on 08 Oct 2025. Akshar Elecinfra has 7 board changes on record in total.

Yes, Akshar Elecinfra is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0005040).