MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0003614
Atlas Transformers India Limited - energy and power in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹143.58 Cr
▼ 31% YoY
Net profit · FY 2025
₹18.56 Cr
Net margin 12.9%
EBITDA · FY 2025
₹23.13 Cr
EBITDA margin 16.1%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹63.25 Cr
Satisfied ₹32.25 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
29
Provident fund records
About Atlas Transformers India Limited
Data last updated:
Atlas Transformers India Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 12 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31104GJ2007PLC050196. Its GSTIN is 24AABCJ8124C1Z1 (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Jayesh Electricals Limited and Jayesh Electricals Private Limited. It is led by directors including Nilesh Patel Jitubhai (Managing Director) and Meeta Somabhai Patel (Whole-Time Director).
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 Block No. 47 Por Ramangamdi, Vadodara, Gujarat, India – 391243.
As per the financials filed for FY 2025, the company reported a revenue of ₹143.58 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹18.56 Cr (net margin 12.9%) and EBITDA of ₹23.13 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 7% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Atlas Transformers. As per MCA filings, the company has open charges of ₹63.25 Cr and satisfied charges of ₹32.25 Cr on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 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 ₹1.67 Cr; the latest was in March 2019. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Amtran Magnetics Private Limited with revenue of ₹144.82 Cr.
Atlas Transformers India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003614). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jayeshelectricals.com.
Company details
CIN U31104GJ2007PLC050196
Registration Number 050196
Incorporation Date 12 March 2007
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0003614
Name history
Atlas Transformers India has undergone 3 name changes throughout its history. The company was previously known as Jayesh Electricals Limited, Jayesh Electricals Private Limited, and Atlas Transformers Limited. The current legal name is Atlas Transformers India Limited.
| Company Name | Status |
|---|---|
| Atlas Transformers India Limited | Current |
| Jayesh Electricals Limited | Previous |
| Jayesh Electricals Private Limited | Previous |
| Atlas Transformers Limited | Previous |
CIN history
Atlas Transformers India has one previous CIN (Corporate Identification Number): U31104GJ2007PTC050196. The current CIN is U31104GJ2007PLC050196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31104GJ2007PLC050196 | Current |
| U31104GJ2007PTC050196 | Previous |
Key People
Nilesh Patel Jitubhai Managing Director Meeta Somabhai Patel Whole-Time Director Manishbhai Patel Jitubhai Director Recognitions & Rankings of Atlas Transformers India
Contact details
Atlas Transformers India Limited's registered office is in Vadodara, Gujarat. Its website is jayeshelectricals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock No. 47 Por Ramangamdi, Vadodara, Gujarat, India – 391243
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Atlas Transformers India Limited, buy the company report.
Comprehensive company report
Atlas Transformers India 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
Atlas Transformers India operates one associated brand: Atlas Transformers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of transformers and electrical equipment in India. | atlastransformersindia.com |
Business activity
The main business activity of Atlas Transformers India 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 Atlas Transformers India Limited, buy the company report.
Financials of Atlas Transformers India Limited
FY 2025 filings availableAtlas Transformers India Limited reported revenue of ₹143.58 Cr (down 31% YoY) for FY 2025.
Revenue · FY 2025
₹143.58 Cr ▼ 31%
Net profit · FY 2025
₹18.56 Cr margin 12.9%
EBITDA · FY 2025
₹23.13 Cr margin 16.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 20%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 70%
5 years · compounded
▲ 28%
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 37% 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 | ₹143.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.56 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 | 16.1% | ||||
| Net Profit Margin | 12.9% | ||||
| 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 Atlas Transformers India Limited, buy the company report.
Board of directors of Atlas Transformers India Limited
Atlas Transformers India 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 |
|---|---|---|---|---|
| Manishbhai Patel Jitubhai Also directs: Tashu Impex Private Limited | Director | 29 Dec 2012 | 13 Years 10 Months | Current |
| Kalpesh Shah Rajanikant Also directs: Pelton Power Technologies Private Limited | Director | 08 Apr 2019 | 7 Years 7 Months | Current |
| Nilesh Patel Jitubhai | Managing Director | 12 Mar 2007 | 19 Years 8 Months | Current |
| Sandeep Ambalal Patel Also directs: Vilas Transcore Limited | Director | 17 Feb 2024 | 2 Years 8 Months | Current |
| Meeta Somabhai Patel Also directs: Smt Packaging Private Limited, PDH Composites Private Limited, Leelajit Foundation and 1 more | Whole-Time Director | 08 Apr 2019 | 7 Years 7 Months | Current |
Peer comparison
Atlas Transformers India Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Amtran Magnetics Private Limited | ₹144.82 Cr (FY 2025) | 64.0% | Padra, Gujarat, India | |||
| Biocon Electric Private Limited | ₹144.66 Cr (FY 2025) | 5.0% | Delhi, India | |||
| Ankur Traders & Engineers Private Limited | ₹143.95 Cr (FY 2025) | 46.0% | New Delhi, Delhi, India | |||
| Atlas Transformers India Limitedthis company | ₹143.58 Cr (FY 2025) | ₹18.56 Cr | 12.9% | -31.0% | 29 | Vadodara, Gujarat, India |
| Star Delta Transformers Limited | ₹143.21 Cr (FY 2025) | -1.0% | Bhopal, Madhya Pradesh, India | |||
| Mahati Industries Private Limited | ₹142.53 Cr (FY 2025) | 42.0% | Pune, Maharashtra, India | |||
| Winomechanic Private Limited | ₹141.7 Cr (FY 2024) | 60.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Atlas Transformers India Limited, buy the company report.
Auditor
Atlas Transformers India Limited is audited by NARESH & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARESH & CO | FY 2025 | 106928W |
Shareholding
The shareholding of Atlas Transformers India Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Atlas Transformers India Limited, buy the company report.
Charges & borrowings
Open charges
₹63.25 Cr
Satisfied charges
₹32.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 2024 | 100917457 | Others | ₹20 Cr | Open | |
| 27 Dec 2023 | 100844012 | Others | ₹10 Cr | Open | |
| 30 Oct 2015 | 10604367 | Hdfc Bank Limited | ₹33.25 Cr | Open | |
| 31 Jul 2020 | 100361387 | Others | ₹6 Cr | Satisfied | |
| 26 Feb 2010 | 10213705 | Bank of Baroda | ₹3.75 Cr | Satisfied |
To see the full charge records of Atlas Transformers India Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Atlas Transformers India Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.67 Cr; the latest was in March 2019.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹1.67 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jun 2007 | Funding round | ₹22.5 Lakh | Investors: an individual |
| May 2007 | Funding round | ₹1.45 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Atlas Transformers India Limited has 16 court cases on record: 8 filed by Atlas Transformers India, 8 filed against it. 2 cases are pending and 14 are disposed.
Total cases
16
Filed by the company
8
Filed against the company
8
Pending
2
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 1 |
| High courts | 7 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Kintech Synergy Private Limited. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Madhya Gujarat Vij Company Ltd. and 2 others | Disposed |
| District court, Vadodara, Gujarat | Court case (SMST R) | Filed by the company against Irel ( India ) Limited and 2 others | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against M/S. Raychem RPG Pvt.Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by M/S Inox Renewables Limited and 3 others | Disposed |
To see the full case history of Atlas Transformers India 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
No delayed payments to MSME suppliers are on our record for Atlas Transformers India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Atlas Transformers India Limited has a workforce of 29 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
29
Active EPFO establishments
2
Employee growth
-40.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 29 |
| 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 Atlas Transformers India Limited, buy the company report.
GST
Atlas Transformers India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCJ8124C1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Atlas Transformers India Limited, buy the company report.
Recent activity
Atlas Transformers India Limited has 8 board changes on record since 2007: 5 appointments and 3 cessations. The latest: Sandeep Ambalal Patel was appointed as Director on 17 Feb 2024.
AGM
Atlas Transformers India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Atlas Transformers India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100917457 was registered on 25 Apr 2024.
Charges
A charge with Others of Rs. 10.00 Cr registered on 27 Dec 2023 with Charge ID 100844012 was modified on 22 Apr 2024.
Appointed
Sandeep Ambalal Patel was appointed as Director.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100844012 was registered on 27 Dec 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 33.25 Cr registered on 30 Oct 2015 with Charge ID 10604367 was modified on 13 Jan 2023.
Charges
A charge registered on 31 Jul 2020 via Charge ID 100361387 with Others was fully satisfied on 15 Feb 2021.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100361387 was registered on 31 Jul 2020.
Appointed
Kalpesh Shah Rajanikant was appointed as Director.
Appointed
Meeta Somabhai Patel was appointed as Whole-Time Director.
Ceased
Shilpa Patel ceased to be Additional Director.
11 earlier events are in the company report.
Frequently asked questions
Atlas Transformers India is an active public limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 12 March 2007 (19+ years old) and is registered under CIN U31104GJ2007PLC050196.
Atlas Transformers India has 5 current directors:
- Nilesh Patel Jitubhai - Managing Director
- Meeta Somabhai Patel - Whole-Time Director
- Manishbhai Patel Jitubhai - Director
- Kalpesh Shah Rajanikant - Director
- Sandeep Ambalal Patel - Director
The latest financial statements of Atlas Transformers India 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 Atlas Transformers India is 24AABCJ8124C1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Atlas Transformers India is U31104GJ2007PLC050196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Atlas Transformers India has 16 court cases on record: 8 filed by the company and 8 filed against it. 2 are pending. Most are in the district courts.
Atlas Transformers India was incorporated on 12 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Atlas Transformers India has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.67 Cr; the latest was in March 2019.
The peers of Atlas Transformers India by revenue are Amtran Magnetics Private Limited, Biocon Electric Private Limited, Ankur Traders & Engineers Private Limited, Star Delta Transformers Limited, Mahati Industries Private Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sandeep Ambalal Patel was appointed as Director on 17 Feb 2024. Kalpesh Shah Rajanikant was appointed as Director on 08 Apr 2019. Meeta Somabhai Patel was appointed as Whole-Time Director on 08 Apr 2019. Atlas Transformers India has 8 board changes on record in total.
Yes, Atlas Transformers India is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0003614).
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