MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0026839
Ashida Electronics Private Limited - energy and power in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹251.15 Cr
▲ 30% YoY
Net profit · FY 2025
₹28.19 Cr
Net margin 11.2%
EBITDA · FY 2025
₹47.89 Cr
EBITDA margin 19.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.99 Cr
Issued & subscribed
Open charges
₹89.04 Cr
Satisfied ₹2.91 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
383
Provident fund records
About Ashida Electronics Private Limited
Data last updated:
Ashida Electronics Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 19 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21109MH1994PTC081216. Its GSTIN is 27AABCA5020G1Z7 (Maharashtra). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.99 Cr. It is led by directors including Ashalata Manohar Kulkarni (Managing Director) and Shrikrishna Dattatray Naik.
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.A – 308rd. No.21 Wagale Industrial Estate Thane (West), Maharashtra, India – 400604.
As per the financials filed for FY 2025, the company reported a revenue of ₹251.15 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹28.19 Cr (net margin 11.2%) and EBITDA of ₹47.89 Cr (EBITDA margin 19.1%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 12% over five years.
The company has about 383 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashida. As per MCA filings, the company has open charges of ₹89.04 Cr and satisfied charges of ₹2.91 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.75 Cr; the latest was in March 2015. Its 10 peer companies in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Ajanta Manufacturing Private Limited with revenue of ₹252.53 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 120 overdue payments to 47 micro and small suppliers.
Ashida Electronics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0026839). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashidaelectronics.com.
Company details
CIN U21109MH1994PTC081216
Registration Number 081216
Incorporation Date 19 September 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0026839
Key People
Ashalata Manohar Kulkarni Managing Director Shrikrishna Dattatray Naik Director Sunil Pundalik Kulkarni Director Recognitions & Rankings of Ashida Electronics
Contact details
Ashida Electronics Private Limited's registered office is in Thane, Maharashtra. Its website is ashidaelectronics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.A – 308rd. No.21 Wagale Industrial Estate Thane (West), Maharashtra, India – 400604
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Ashida Electronics Private Limited, buy the company report.
Comprehensive company report
Ashida Electronics 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
Ashida Electronics operates one associated brand: Ashida. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power protection relay manufacturing and substation automation services are provided in India. | ashidaelectronics.com |
Business activity
The main business activity of Ashida 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 Ashida Electronics Private Limited, buy the company report.
Financials of Ashida Electronics Private Limited
FY 2025 filings availableAshida Electronics Private Limited reported revenue of ₹251.15 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹251.15 Cr ▲ 30%
Net profit · FY 2025
₹28.19 Cr margin 11.2%
EBITDA · FY 2025
₹47.89 Cr margin 19.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 19%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 13%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 30% growth in the latest year. EBITDA rose 36% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹47.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.19 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.1% | ||||
| Net Profit Margin | 11.2% | ||||
| 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 Ashida Electronics Private Limited, buy the company report.
Board of directors of Ashida Electronics Private Limited
Ashida Electronics has 5 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 |
|---|---|---|---|---|
| Shrikrishna Dattatray Naik | Director | 19 Sep 1994 | 32 Years 1 Months | Current |
| Sunil Pundalik Kulkarni | Director | 16 Jan 1995 | 31 Years 9 Months | Current |
| Suyash Manohar Kulkarni | Director | 19 Sep 1994 | 32 Years 1 Months | Current |
| Ashalata Manohar Kulkarni | Managing Director | 16 Jan 1995 | 31 Years 9 Months | Current |
| Sujay Manohar Kulkarni | Director | 01 Feb 2000 | 26 Years 8 Months | Current |
Peer comparison
Ashida Electronics Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Ajanta Manufacturing Private Limited | ₹252.53 Cr (FY 2023) | -4.0% | Morbi, Gujarat, India | |||
| High Volt Electricals Private Limited | ₹252.31 Cr (FY 2025) | -12.0% | Thane, Maharashtra, India | |||
| S and T Machinery Private Limited | ₹252.24 Cr (FY 2025) | 13.0% | Coimbatore, Tamil Nadu, India | |||
| Vishay Precision Transducers India Private Limited | ₹252.15 Cr (FY 2025) | 0.0% | Sriperumbudur, Tamil Nadu, India | |||
| Borgwarner Emissions Talegaon Private Limited | ₹251.47 Cr (FY 2025) | 639.0% | Pune, Maharashtra, India | |||
| Ashida Electronics Private Limitedthis company | ₹251.15 Cr (FY 2025) | ₹28.19 Cr | 11.2% | 30.0% | 383 | Thane, Maharashtra, India |
| Essem Auto Electricals Private Limited | ₹250.18 Cr (FY 2024) | 17.0% | Aurangabad, Maharashtra, India | |||
| Bagla Electricals and Electronics Private Limited | ₹249.54 Cr (FY 2025) | 9.0% | Aurangabad, Maharashtra, India | |||
| Pelican Rotoflex Private Limited | ₹249.02 Cr (FY 2025) | 19.0% | Anandpar, Gujarat, India | |||
| GN Altech Private Limited | ₹248.94 Cr (FY 2025) | 11.0% | Rajkot, Gujarat, India | |||
| Reitz India Limited | ₹248.94 Cr (FY 2025) | -8.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ashida Electronics Private Limited, buy the company report.
Auditor
Ashida Electronics Private Limited is audited by Singavi Oturkar & Kelkar for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singavi Oturkar & Kelkar | FY 2023 | 110265W |
Shareholding
The shareholding of Ashida 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 Ashida Electronics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹89.04 Cr
Satisfied charges
₹2.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2025 | 101121444 | Canara Bank | ₹40 Lakh | Open | |
| 21 Sep 2024 | 100987538 | Others | ₹40 Cr | Open | |
| 02 May 2024 | 100918108 | State Bank of India | ₹10.4 Lakh | Open | |
| 13 Dec 2022 | 100660504 | State Bank of India | ₹10 Cr | Open | |
| 16 Feb 2022 | 100566631 | Hdfc Bank Limited | ₹28 Lakh | Open |
To see the full charge records of Ashida Electronics Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Ashida Electronics Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.75 Cr; the latest was in March 2015.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹1.75 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Apr 2008 | Funding round | ₹1.12 Cr | Investors: 4 individuals |
| Mar 2006 | Funding round | ₹63.5 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ashida Electronics Private Limited has 4 court cases on record: 3 filed by Ashida Electronics, 1 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref IDA) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S Danco Enterpriises India Ltd Through Director Kulin Danani | Pending |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by M/S Danco Enterprises Indian P Ltd | Disposed |
| High Court, UTTARPRADESH | Court case (STRE) | Filed by the company against Commissioner of Trade Tax U P. Lucknow | Disposed |
To see the full case history of Ashida 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.
Credit ratings & regulatory alerts
Ashida Electronics Private Limited was last rated by Crisil on 07 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 Apr 2020 |
To see the full credit ratings and regulatory alerts of Ashida Electronics Private Limited, buy the company report.
MSME payment delays
Ashida Electronics Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 120 overdue payments to 47 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 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alan Electronic Systems Private Limited | |||
| Sairaj Paper Products Private Limited | |||
| Shogini Technoarts Pvt Ltd | |||
| an individual supplier | |||
| Protolab Electro Technologies Private Limited |
To see the full MSME payment records of Ashida Electronics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ashida Electronics Private Limited has a workforce of 383 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
383
Active EPFO establishments
1
Employee growth
4.08%
GST
Ashida Electronics has 10 GST registrations: 2 active and 8 cancelled or inactive.
Total GSTINs
10
Active
2
Cancelled / inactive
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA5020G1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 19AABCA5020G1Z4 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashida Electronics Private Limited, buy the company report.
Recent activity
Ashida Electronics Private Limited has 8 board changes on record since 1994: 5 appointments and 3 cessations. The latest: Unmesh Prabhakar Athawale ceased to be Director on 29 Mar 2014.
Charges
A charge with Others of Rs. 40.00 Cr registered on 21 Sep 2024 with Charge ID 100987538 was modified on 30 Oct 2025.
AGM
Ashida Electronics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 0.40 Cr with Charge ID 101121444 was registered on 24 Jun 2025.
Charges
A charge with Canara Bank of Rs. 30.00 Cr registered on 26 Apr 1995 with Charge ID 90150315 was modified on 24 Apr 2025.
Filing
Ashida Electronics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100987538 was registered on 21 Sep 2024.
Charges
A charge with State Bank Of India amounted to Rs. 0.10 Cr with Charge ID 100918108 was registered on 02 May 2024.
Charges
A charge registered on 06 Jul 2018 via Charge ID 100198581 with Canara Bank was fully satisfied on 03 Mar 2023.
Charges
A charge registered on 05 Jul 2018 via Charge ID 100198580 with Canara Bank was fully satisfied on 03 Mar 2023.
Charges
A charge with State Bank Of India amounted to Rs. 10.00 Cr with Charge ID 100660504 was registered on 13 Dec 2022.
Charges
A charge registered on 25 Aug 2016 via Charge ID 100053905 with Canara Bank was fully satisfied on 12 Apr 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.28 Cr with Charge ID 100566631 was registered on 16 Feb 2022.
27 earlier events are in the company report.
Frequently asked questions
Ashida Electronics is an active private limited company based in Thane, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 19 September 1994 (32+ years old) and is registered under CIN U21109MH1994PTC081216.
Ashida Electronics has 5 current directors:
- Ashalata Manohar Kulkarni - Managing Director
- Shrikrishna Dattatray Naik - Director
- Sunil Pundalik Kulkarni - Director
- Suyash Manohar Kulkarni - Director
- Sujay Manohar Kulkarni - Director
The latest financial statements of Ashida Electronics 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 Ashida Electronics is 27AABCA5020G1Z7, registered in Maharashtra. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 19AABCA5020G1Z4 (West Bengal).
The CIN (Corporate Identification Number) of Ashida Electronics is U21109MH1994PTC081216. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashida Electronics has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Ashida Electronics was incorporated on 19 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashida Electronics has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.75 Cr; the latest was in March 2015.
The peers of Ashida Electronics by revenue are Ajanta Manufacturing Private Limited, High Volt Electricals Private Limited, S and T Machinery Private Limited, Vishay Precision Transducers India Private Limited, Borgwarner Emissions Talegaon Private Limited and 5 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Unmesh Prabhakar Athawale ceased to be Director on 29 Mar 2014. Ashalata Manohar Kulkarni ceased to be Director on 16 Dec 2009. Manohar Pundlik Kulkarni ceased to be Managing Director on 07 Nov 2009. Ashida Electronics has 8 board changes on record in total.
Yes, Ashida Electronics is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0026839).
Ashida Electronics has 3 MSME Form 1 returns on record between 2019 and 2020, listing 120 overdue payments to 47 micro and small suppliers. The latest return was filed on 26 Jul 2020.