About Goldmedal Electricals
Goldmedal Electricals is a company based in Mumbai (India) founded in 1979.. Goldmedal Electricals has raised $717.51 thousand across 5 funding rounds from investors including Jackson Investments, Suresh Baid and Daxa Mukesh Bagadia. The company has 2,419 employees as of January 21, 2025. Goldmedal Electricals offers products and services including Switches and LED Lights.
- Headquarter Mumbai, India
- Employees 2419 as on 21 Jan, 2025
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Goldmedal Electricals Private Limited
- Jurisdiction Malad West, Maharashtra, India
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Annual Revenue
$316.01 M (USD)11.55as on Mar 31, 2024
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Net Profit
$25.49 M (USD)16.84as on Mar 31, 2024
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EBITDA
$38.45 M (USD)18.51as on Mar 31, 2024
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Total Equity Funding
$717.51 K (USD)
in 5 rounds
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Latest Funding Round
$225.01 K (USD), Angel Round
Apr 15, 2016
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Investors
Jackson Investments
& 17 more
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Employee Count
2419
as on Jan 21, 2025
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Products & Services of Goldmedal Electricals
Goldmedal Electricals offers a comprehensive portfolio of products and services, including Switches and LED Lights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Modular switches are designed for modern homes to ensure safety and functionality in electrical systems
LED products, such as down lights and panels, are manufactured for efficient illumination in residential and commercial environments
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Funding Insights of Goldmedal Electricals
Goldmedal Electricals has successfully raised a total of $717.51K across 5 strategic funding rounds. The most recent funding activity was a Angel Round round of $225.01 thousand completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Angel Round — $225,006
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First Round
First Round
(01 Apr 2009)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Angel Round - Goldmedal Electricals | Valuation |
investors |
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| Mar, 2014 | Amount | Angel Round - Goldmedal Electricals | Valuation | Daxa Mukesh Bagadia |
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| Mar, 2013 | Amount | Angel Round - Goldmedal Electricals | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Goldmedal Electricals
Goldmedal Electricals has secured backing from 18 investors, including angel and institutional investors. Prominent investors backing the company include Jackson Investments, Suresh Baid and Daxa Mukesh Bagadia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Goldmedal Electricals
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Goldmedal Electricals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Goldmedal Electricals Comparisons
Competitors of Goldmedal Electricals
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Goldmedal Electricals
Frequently Asked Questions about Goldmedal Electricals
When was Goldmedal Electricals founded?
Goldmedal Electricals was founded in 1979 and raised its 1st funding round 30 years after it was founded.
Where is Goldmedal Electricals located?
Goldmedal Electricals is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Goldmedal Electricals?
Praveen Jain is the current CEO of Goldmedal Electricals.
Is Goldmedal Electricals a funded company?
Goldmedal Electricals is a funded company, having raised a total of $717.51K across 5 funding rounds to date.
How many employees does Goldmedal Electricals have?
As of Jan 21, 2025, the latest employee count at Goldmedal Electricals is 2,419.
What is the annual revenue of Goldmedal Electricals?
Annual revenue of Goldmedal Electricals is $316.01M as on Mar 31, 2024.
What does Goldmedal Electricals do?
Goldmedal Electricals was founded in 1979 in Mumbai, India. Electrical products such as modular switches, LED lights, wiring devices, and accessories are provided for residential and commercial use. The range includes home automation systems, MCBs, distribution boards, cables, doorbells, and PVC pipes. Operations center on the electrical sector, with distribution primarily in India and emphasis on functional design options.
What products or services does Goldmedal Electricals offer?
Goldmedal Electricals offers Switches and LED Lights.
Who are Goldmedal Electricals's investors?
Goldmedal Electricals has 18 investors. Key investors include Jackson Investments, Suresh Baid, Daxa Mukesh Bagadia, Darshana S Bagadia, and Nitin C Bagadia.
What is Goldmedal Electricals's valuation?
The valuation of Goldmedal Electricals is $3.01M as of Apr 2016.