About Atul Electro Formers Limited
Data last updated:
Atul Electro Formers Limited is a public limited company based in Pune, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 12 February 1997.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U26102PN1997PLC105810. Its GSTIN is 27AAACD5925G1ZR (Maharashtra).
The company has an authorised share capital of ₹6.6 Cr and a paid-up capital of ₹2.53 Cr. It was formerly known as Balaji Composites Limited. It is led by directors including Nitin Padmakar Kibe and Suresh Ganesh Kango.
Its last annual general meeting (AGM) was held on 13 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sr. No 10 Final Plot No 408 Unit No 13 Kubera Estate Gultekdi, Pune, Maharashtra, India – 411037.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.2 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹2.64 Lakh (net margin 6.7%) and EBITDA of ₹6.32 Lakh (EBITDA margin 16.1%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 16% over five years.
As per MCA filings, the company has satisfied charges of ₹14.92 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it. The company has 1 deal on record (1 acquisition); the latest was in May 2014.
The last known website on record is aefl.in.
Company details
CIN history
Atul Electro Formers has one previous CIN (Corporate Identification Number): L26102MH1997PLC105810. The current CIN is U26102PN1997PLC105810, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26102PN1997PLC105810 | Current |
| L26102MH1997PLC105810 | Previous |
Contact details
Atul Electro Formers Limited's registered office is in Pune, Maharashtra. Its website is aefl.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSr. No 10 Final Plot No 408 Unit No 13 Kubera Estate Gultekdi, Pune, Maharashtra, India – 411037
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Atul Electro Formers Limited, 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 Atul Electro Formers Limited
FY 2024 filings availableAtul Electro Formers Limited reported revenue of ₹39.2 Lakh (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 14% fall in the latest year. EBITDA fell 66% 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 |
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| EBITDA | ₹6.32 Lakh | ||||
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| Net Profit (PAT) | ₹2.64 Lakh | ||||
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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 | 6.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Atul Electro Formers Limited, buy the company report.
Board of directors of Atul Electro Formers Limited
Atul Electro Formers has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Padmakar Kibe | Director | 12 Feb 1997 | 29 Years 9 Months | As last reported |
| Suresh Ganesh Kango | Director | 04 Aug 2008 | 18 Years 3 Months | As last reported |
| Gayatri Jaydeep Yargop | Director | 11 Aug 1997 | 29 Years 3 Months | As last reported |
| Atul Vinayak Dandage | Nodal Officer | 19 Mar 2020 | 6 Years 7 Months | As last reported |
Auditor
Atul Electro Formers Limited is audited by H M A & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H M A & ASSOCIATES | FY 2019 | 100537W |
Shareholding
The shareholding of Atul Electro Formers Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Atul Electro Formers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2012 | 10379949 | The Shamrao Vithal Co-Operative Bank Limited | ₹1.76 Cr | Satisfied | |
| 13 Sep 2012 | 10379946 | The Shamrao Vithal Co-Operative Bank Limited | ₹1.76 Cr | Satisfied | |
| 13 Sep 2012 | 10379940 | The Shamrao Vithal Co-Operative Bank Limited | ₹90 Lakh | Satisfied | |
| 06 Jun 2005 | 90089009 | The Shamrao Vithal Co-Op. Bank | ₹1.25 Cr | Satisfied | |
| 11 Jun 2002 | 90082800 | The Shamrao Vitthal Co-Operative Bank Limited | ₹3.1 Cr | Satisfied |
To see the full charge records of Atul Electro Formers Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Atul Electro Formers Limited has 1 deal on record (1 acquisition); the latest was in May 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Acquisition | Undisclosed | Buyer: Stovec Industries Limited Seller: Atul Electro Formers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Atul Electro Formers Limited has 10 court cases on record: 4 filed by Atul Electro Formers, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 0 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revn. Appln. ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp. ULP) | Filed against the company by an individual | Disposed |
To see the full case history of Atul Electro Formers 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 Atul Electro Formers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Atul Electro Formers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD5925G1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Atul Electro Formers Limited, buy the company report.
Recent activity
Atul Electro Formers Limited has 14 board changes on record since 1997: 4 appointments and 10 cessations. The latest: Pravinsinh Vishvanatharao Patil ceased to be Director on 13 Sep 2024.
35 earlier events are in the company report.
Frequently asked questions
Atul Electro Formers is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Atul Electro Formers is a company under liquidation, formerly operating as a public limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 12 February 1997 and is registered under CIN U26102PN1997PLC105810. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Atul Electro Formers has 4 current directors:
- Nitin Padmakar Kibe - Director
- Suresh Ganesh Kango - Director
- Gayatri Jaydeep Yargop - Director
- Atul Vinayak Dandage - Nodal Officer
The latest financial statements of Atul Electro Formers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Atul Electro Formers is U26102PN1997PLC105810. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Atul Electro Formers has no open charges and satisfied charges of ₹14.92 Cr as per latest MCA filings.
Atul Electro Formers has 10 court cases on record: 4 filed by the company and 6 filed against it. Most are in the district courts.
Atul Electro Formers was incorporated on 12 February 1997. It is registered with the Registrar of Companies, Pune.
Atul Electro Formers has 1 deal on record (1 acquisition); the latest was in May 2014.
Pravinsinh Vishvanatharao Patil ceased to be Director on 13 Sep 2024. Atul Vinayak Dandage was appointed as Nodal Officer on 19 Mar 2020. Mansingrao Jaysingrao Jadhav ceased to be Director on 15 Sep 2017. Atul Electro Formers has 14 board changes on record in total.
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