MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0006994
Axay Electrical (India) Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13.46 Cr
▲ 18% YoY
Net profit · FY 2024
₹10.52 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹1.08 Cr
EBITDA margin 8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹6.31 Cr
Satisfied ₹4.03 Cr
Company age
14 yrs
Est. 2012
Directors on board
3
As per MCA filings
About Axay Electrical (India) Private Limited
Data last updated:
Axay Electrical (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 07 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31900GJ2012PTC070220. Its GSTIN is 24AAKCA5461E1ZV (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Mona Axay Dave and Jignesh Anilkumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 204 F.F Nirman House Near Sardar Patel Railway Crossing Usmanpura, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.46 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹10.52 Lakh (net margin 0.8%) and EBITDA of ₹1.08 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹6.31 Cr and satisfied charges of ₹4.03 Cr on record.
Axay Electrical (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0006994). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axayelectrical.com.
Company details
CIN U31900GJ2012PTC070220
Registration Number 070220
Incorporation Date 07 May 2012
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0006994
Recognitions & Rankings of Axay Electrical (India)
Contact details
Axay Electrical (India) Private Limited's registered office is in Ahmedabad, Gujarat. Its website is axayelectrical.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address204 F.F Nirman House Near Sardar Patel Railway Crossing Usmanpura, Ahmedabad, Gujarat, India – 380013
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Axay Electrical (India) Private Limited, buy the company report.
Comprehensive company report
Axay Electrical (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Axay Electrical (India) is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Axay Electrical (India) Private Limited, buy the company report.
Financials of Axay Electrical (India) Private Limited
FY 2024 filings availableAxay Electrical (India) Private Limited reported revenue of ₹13.46 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹13.46 Cr ▲ 18%
Net profit · FY 2024
₹10.52 Lakh margin 0.8%
EBITDA · FY 2024
₹1.08 Cr margin 8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 12%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 916%
3 years · compounded
▲ 36%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 18% growth in the latest year. EBITDA rose 916% 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) | ₹10.52 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 | 8% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Axay Electrical (India) Private Limited, buy the company report.
Board of directors of Axay Electrical (India) Private Limited
Axay Electrical (India) has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mona Axay Dave Also directs: Axay Metals LLP, Hetal Solutions Private Limited | Director | 15 Jan 2017 | 9 Years 9 Months | Current |
| Jignesh Anilkumar Shah | Director | 29 Apr 2021 | 5 Years 5 Months | Current |
| Axay Vinodchandra Dave Also directs: Axay Metals LLP | Director | 07 May 2012 | 14 Years 5 Months | Current |
Auditor
Axay Electrical (India) Private Limited is audited by SHARDUL S DAVE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARDUL S DAVE & CO | FY 2023 | 040845 |
Shareholding
The shareholding of Axay Electrical (India) 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 Axay Electrical (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.31 Cr
Satisfied charges
₹4.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2024 | 100992796 | Others | ₹6 Cr | Open | |
| 25 Jul 2024 | 100959036 | Hdfc Bank Limited | ₹30.94 Lakh | Open | |
| 18 Aug 2022 | 100644301 | Hdfc Bank Limited | ₹20 Lakh | Satisfied | |
| 09 Jul 2021 | 100464724 | Hdfc Bank Limited | ₹3.83 Cr | Satisfied |
To see the full charge records of Axay Electrical (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Axay Electrical (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Axay Electrical (India) Private Limited has 3 MSME Form 1 returns on record between 2018 and 2019, listing 11 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shreeji Enterprise | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Axay Electrical (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Axay Electrical (India) has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCA5461E1ZV | Gujarat | Active | 01 Jul 2017 |
| 27AAKCA5461E1ZP | Maharashtra | Active | 23 May 2018 |
| 06AAKCA5461E1ZT | Haryana | Active | 06 Nov 2024 |
To see the full GST registrations and return filing status of Axay Electrical (India) Private Limited, buy the company report.
Recent activity
Axay Electrical (India) Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Rajesh Ramdhani Kaithwas ceased to be Additional Director on 29 Sep 2024.
Charges
A charge registered on 18 Aug 2022 via Charge ID 100644301 with Hdfc Bank Limited was fully satisfied on 21 Dec 2024.
Charges
A charge with Others of Rs. 6.00 Cr registered on 12 Aug 2024 with Charge ID 100992796 was modified on 09 Oct 2024.
AGM
Axay Electrical (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 09 Jul 2021 via Charge ID 100464724 with Hdfc Bank Limited was fully satisfied on 29 Sep 2024.
Ceased
Rajesh Ramdhani Kaithwas ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100992796 was registered on 12 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 100959036 was registered on 25 Jul 2024.
Filing
Axay Electrical (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 3.83 Cr registered on 09 Jul 2021 with Charge ID 100464724 was modified on 06 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100644301 was registered on 18 Aug 2022.
Ceased
Jignesh Anilkumar Shah ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.83 Cr with Charge ID 100464724 was registered on 09 Jul 2021.
6 earlier events are in the company report.
Frequently asked questions
Axay Electrical (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 07 May 2012 (14+ years old) and is registered under CIN U31900GJ2012PTC070220.
Axay Electrical (India) has 3 current directors:
- Mona Axay Dave - Director
- Jignesh Anilkumar Shah - Director
- Axay Vinodchandra Dave - Director
The latest financial statements of Axay Electrical (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Axay Electrical (India) is 24AAKCA5461E1ZV, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAKCA5461E1ZP (Maharashtra), 06AAKCA5461E1ZT (Haryana).
The CIN (Corporate Identification Number) of Axay Electrical (India) is U31900GJ2012PTC070220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axay Electrical (India) was incorporated on 07 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rajesh Ramdhani Kaithwas ceased to be Additional Director on 29 Sep 2024. Jignesh Anilkumar Shah ceased to be Additional Director on 30 Nov 2021. Jignesh Anilkumar Shah was appointed as Director on 29 Apr 2021. Axay Electrical (India) has 7 board changes on record in total.
Yes, Axay Electrical (India) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0006994).
Axay Electrical (India) has 3 MSME Form 1 returns on record between 2018 and 2019, listing 11 overdue payments to 7 micro and small suppliers. The latest return was filed on 30 May 2019.
Axay Electrical (India) can be reached through the website axayelectrical.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Axay Electrical (India) is at 204 F.F Nirman House Near Sardar Patel Railway Crossing Usmanpura, Ahmedabad, Gujarat, India – 380013.