About Shopelect
Shopelect is a Retail company based in Thane (India) founded in 2014 by Chanchal Anand. Shopelect hosts a digital marketplace for industrial electrical and engineering products. It operates on a B2B model. The company has 1 employees. Its Indian entity Shop Elect Private Limited reported revenue of ₹63.3 Lakh. Its focus areas include E-commerce, Industrial Products, Electrical and Engineering and Digital Marketplace. Its competitors include ElectronicsComp, ElecTrade and Eleczo; 1 of its 3 listed competitors has raised funding.
Company details
Shopelect shopelect hosts a digital marketplace for industrial electrical and engineering products, focusing on operating online marketplaces, industrial products, electrical and engineering, and digital marketplace. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Thane, India
- Employees 1
- Founders Chanchal Anand
- SectorsRetail
- Website shopelect.com
- Social X Facebook
- Legal Name Shop Elect Private Limited
- Date of Incorporation 30 Jan, 2014
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹63.3 Lakh
FY 2025 · -82% YoY
- Net Loss-₹1.57 Cr
FY 2025 · -248% margin
- EBITDA-₹1.50 Cr
FY 2025 · -238% margin
- Employee Count1
Associated legal entities of Shopelect
Shopelect operates through Shop Elect Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shop Elect Private Limited CIN U93000MH2014PTC252633 | Active | 30 Jan 2014 | Thane, Maharashtra | ₹0.6 Cr | 3 | View details |
Board of directors of Shop Elect Private Limited (Shopelect)
Shop Elect Private Limited is the primary company behind Shopelect. The board of Shop Elect Private Limited currently have 3 directors; the longest-serving is Chanchal Gulzarilal Anand, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chanchal Gulzarilal Anand DIN 02796158 | Director | 30 Jan 2014 | 12 yrs 9 mo | Shop Elect Private Limited |
| Rohit Gulzarilal Anand DIN 02795131 | Director | 30 Jan 2014 | 12 yrs 9 mo | Shop Elect Private Limited |
| Taruna Rohit Anand DIN 02795071 | Director | 20 Feb 2014 | 12 yrs 8 mo | Shop Elect Private Limited |
People of Shopelect
1 people are tracked at Shopelect (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Shopelect
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- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Shopelect
Figures of Shop Elect Private Limited, the primary company behind Shopelect, for FY 2025. Revenue was ₹63.3 Lakh (-82% year on year). Net loss was -₹1.57 Cr (-248% margin). EBITDA was -₹1.50 Cr (-238% margin). Revenue has grown at a compounded annual rate of -62% over three years and -45% over five years.
- ₹63.3 LakhRevenue · FY 2025 · -82% YoY
- -₹1.57 CrNet loss · -248% margin
- -₹1.50 CrEBITDA · -238% margin
- ₹11 LakhPaid-up capital
- -62%Revenue CAGR, 3 years
- -45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shop Elect Private Limited are on its company page.
Detailed financial statements for Shopelect
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Shopelect
Shopelect has 3 listed competitors in our database, 1 of them funded. They include ElectronicsComp, ElecTrade and Eleczo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| electronicscomp.com | 2015 | Bengaluru, India | $42,439 | 1 | Electronic components and related products are retailed online. | |
| electrade.in | 2019 | Delhi, India | 13 | Provider of electronic components including passive components, ICs, optoelectronics, discrete semiconductors, and electromechanical products | ||
| eleczo.com | 2016 | Bengaluru, India | 60 | Operates as a B2B distributor of electrical components and devices. |
Detailed competitors of Shopelect
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Shopelect
The website of Shopelect (shopelect.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▼ 25.6% vs previous month
Websites whose visitors overlap most with Shopelect. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eleczo.com | 84% | 44.4K | #630,840 | View details | |
| hplindia.com | 72% | 26.4K | #996,694 | View details |
Top companies in Marketplaces & General E-Commerce
2 companies that operate in the same segment as Shopelect (Marketplaces & General E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category consumer products are offered via an online marketplace platform. | 2007 | Bengaluru, Karnataka, India | USD 12.12 B | USD 9.83 B | 18,938 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 |
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Frequently Asked Questions about Shopelect
Shopelect was founded in 2014.
Shopelect is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Shopelect has 1 employees.
The primary company behind Shopelect, Shop Elect Private Limited, reported revenue of ₹63.3 Lakh for FY 2025, down 82% year on year.
Shopelect shopelect hosts a digital marketplace for industrial electrical and engineering products, focusing on operating online marketplaces, industrial products, electrical and engineering, and digital marketplace. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Shopelect's top competitors include ElectronicsComp, ElecTrade and Eleczo.
Shopelect operates through Shop Elect Private Limited.
The legal entities of Shopelect currently have 3 directors, including Chanchal Gulzarilal Anand, Taruna Rohit Anand, Rohit Gulzarilal Anand.