Avi-Has Electricals Private Limited
About Avi-Has Electricals Private Limited
Data last updated:
Avi-Has Electricals Private Limited is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 12 April 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31909PN1991PTC061207. Its GSTIN is 27AABCA9191Q1ZY (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.77 Lakh. It is led by directors including Suhas Bhaskar Mulay and Avinash Anant Bopardikar.
Its last annual general meeting (AGM) was held on 08 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A 21 MIDC Area, Ahmednagar, Maharashtra, India – 414111.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.44 Cr. For the same year it recorded a net profit of ₹59.68 Lakh (net margin 8%) and EBITDA of ₹1.08 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 17% over five years.
The company has about 74 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.29 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Avi-Has Electricals has one previous CIN (Corporate Identification Number): U31909MH1991PTC061207. The current CIN is U31909PN1991PTC061207, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909PN1991PTC061207 | Current |
| U31909MH1991PTC061207 | Previous |
Contact details
Avi-Has Electricals Private Limited's registered office is in Ahmednagar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA 21 MIDC Area, Ahmednagar, Maharashtra, India – 414111
- IndustryEngineering, Industrial Maintenance & Repair Services
To see the full contact details of Avi-Has Electricals Private 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
Business activity
The main business activity of Avi-Has Electricals 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 Avi-Has Electricals Private Limited, buy the company report.
Financials of Avi-Has Electricals Private Limited
FY 2025 filings availableAvi-Has Electricals Private Limited reported revenue of ₹7.44 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years. EBITDA fell 1% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.68 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 | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 8% | ||||
| 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 Avi-Has Electricals Private Limited, buy the company report.
Board of directors of Avi-Has Electricals Private Limited
Avi-Has Electricals has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Bhaskar Mulay Also directs: Avihas Electro Serve Private Limited | Director | 12 Apr 1991 | 35 Years 6 Months | Current |
| Avinash Anant Bopardikar | Director | 12 Apr 1991 | 35 Years 6 Months | Current |
| Milan Milind Gandhe Also directs: Neat Wind Industries Limited | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
| Juilee Suhas Mulay Also directs: Naturever Store LLP | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
Auditor
Avi-Has Electricals Private Limited is audited by PRASAD R KULKARNI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRASAD R KULKARNI | FY 2023 | 114226 |
Shareholding
The shareholding of Avi-Has Electricals 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 Avi-Has Electricals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2019 | 100315006 | Others | ₹1.85 Cr | Open | |
| 09 Jun 2011 | 10294213 | Ahmednagar Shahar Sahakari Bank Maryadit | ₹35.8 Lakh | Open | |
| 09 Nov 2009 | 10187732 | Ahmednagar Shahar Sahakari Bank Maryadit | ₹1 Cr | Open | |
| 13 Jan 1998 | 90090613 | Ahmednagar Shahar Sahakari Bank Ltd | ₹8 Lakh | Open |
To see the full charge records of Avi-Has Electricals Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Avi-Has Electricals Private Limited has 3 court cases on record: 2 filed by Avi-Has Electricals, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref IDA) | Filed by the company against an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Avi-Has Electricals 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.
MSME payment delays
Avi-Has Electricals Private Limited has 8 MSME Form 1 returns on record between 2020 and 2023, listing 472 overdue payments to 101 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 101)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Avi-Has Electricals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Avi-Has Electricals Private Limited has a workforce of 74 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Avi-Has Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA9191Q1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avi-Has Electricals Private Limited, buy the company report.
Recent activity
Avi-Has Electricals Private Limited has 5 board changes on record since 1991: 5 appointments. The latest: Juilee Suhas Mulay was appointed as Director on 20 Jan 2026.
2 earlier events are in the company report.
Frequently asked questions
Avi-Has Electricals is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 12 April 1991 (35+ years old) and is registered under CIN U31909PN1991PTC061207.
Avi-Has Electricals has 4 current directors:
- Suhas Bhaskar Mulay - Director
- Avinash Anant Bopardikar - Director
- Milan Milind Gandhe - Director
- Juilee Suhas Mulay - Director
The latest financial statements of Avi-Has Electricals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avi-Has Electricals is 27AABCA9191Q1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avi-Has Electricals is U31909PN1991PTC061207. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avi-Has Electricals has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Avi-Has Electricals was incorporated on 12 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Pune.
Juilee Suhas Mulay was appointed as Director on 20 Jan 2026. Milan Milind Gandhe was appointed as Director on 20 Jan 2026. Avinash Anant Bopardikar was appointed as Director on 12 Apr 1991. Avi-Has Electricals has 5 board changes on record in total.
Avi-Has Electricals has 8 MSME Form 1 returns on record between 2020 and 2023, listing 472 overdue payments to 101 micro and small suppliers. The latest return was filed on 21 Oct 2023.
The registered office of Avi-Has Electricals is at A 21 MIDC Area, Ahmednagar, Maharashtra, India – 414111.
Avi-Has Electricals operates in the engineering industry, in the industrial maintenance and repair services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
