About Shreem Electric
Shreem Electric is a Technology company based in Kolhapur (India) founded in 1976 by Victor A Ducharne. Power transmission and distribution equipment is manufactured by Shreem Electric. Shreem Electric has raised $32.9 million across 2 funding rounds from investors including Eight Roads Ventures. The company has 513 employees. Its Indian entity Shreem Electric Limited reported revenue of ₹363 Cr. Shreem Electric offers products and services including Capacitors and Turnkey Solutions. Its focus areas include Semiconductors and Electronic Components.
Company details
Manufacturer of power transmission and distribution equipment. This includes medium and high voltage capacitors, switchgear, control and relay panels, lightning arrestors, and monitoring devices. The company also provides turnkey solutions for capacitor banks and substations across various voltage classes. Its focus is on project management for substation projects and the creation of multi-product manufacturing facilities for transmission and distribution equipment.
- Headquarters Kolhapur, India
- Employees 513
- Founders Victor A Ducharne
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website shreemelectric.com
- Social LinkedIn Facebook
- Legal Name Shreem Electric Limited
- Date of Incorporation 02 Jan, 1976
- Jurisdiction Hatkanangale, Maharashtra, India
- Annual Revenue₹363 Cr
FY 2025 · +10% YoY
- Net Profit₹14.26 Cr
FY 2025 · 4% margin
- EBITDA₹44.90 Cr
FY 2025 · 12% margin
- Total Equity Funding$32.9M (USD)
in 2 rounds
- Latest Funding Round$12.62M (USD), Series B
Mar 2012
- Investors
- Employee Count513
Associated legal entities of Shreem Electric
Shreem Electric operates through Shreem Electric 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 |
|---|---|---|---|---|---|---|---|
| Shreem Electric Limited CIN U51505PN1976PLC151160 | Active | 02 Jan 1976 | Hatkanangale, Maharashtra | ₹363 Cr | 513 | 8 | View details |
Products & Services of Shreem Electric
Shreem Electric offers a comprehensive portfolio of products and services, including Capacitors and Turnkey Solutions.
Medium and high voltage capacitors are manufactured and supplied for power quality management
Turnkey projects for substations and transmission lines are provided up to 400 KV system voltages
Funding Insights of Shreem Electric
Shreem Electric has successfully raised a total of $32.9M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $12.62 million completed in March 2012. 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 $32.9M
- Total Rounds 2
- Last Round Series B — $12.62M
- First Round $20.28M
(Oct 2010)
- Investors Count 1
All 2 funding rounds of Shreem Electric with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2012 | $12.62M | Series B | – | Eight Roads Ventures | – |
| Oct 2010 | $20.28M | Series B | – | Eight Roads Ventures | – |
1 investors in total: 1 institutional.
Investors in Shreem Electric
Shreem Electric has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Eight Roads Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom |
Investor details for Shreem Electric
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Verified entity values are shown only after access is granted.
Board of directors of Shreem Electric Limited (Shreem Electric)
Shreem Electric Limited is the primary company behind Shreem Electric. The board of Shreem Electric Limited currently have 6 directors; the longest-serving is Hema Shahaji Jagadale, appointed in 1997. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hema Shahaji Jagadale DIN 00361292 | Director | 08 Apr 1997 | 29 yrs 6 mo | Shreem Electric Limited |
| Vishal Shahaji Jagadale DIN 00361449 | Managing Director | 18 Mar 2006 | 20 yrs 7 mo | Shreem Electric Limited |
| Vikas Shahaji Jagadale DIN 00361639 | Managing Director | 18 Mar 2006 | 20 yrs 7 mo | Shreem Electric Limited |
| Shahaji Ramchandra Jagadale DIN 00356655 | Director | 18 Mar 2009 | 17 yrs 7 mo | Shreem Electric Limited |
| Hemal Rohit Gandhi DIN 09580352 | Nominee Director | 28 Jun 2022 | 4 yrs 4 mo | Shreem Electric Limited |
| Pandurang Tukaram Kumbhar DIN 07545215 | Director | 26 Sep 2024 | 2 yrs 1 mo | Shreem Electric Limited |
People of Shreem Electric
8 people are tracked at Shreem Electric (2 in leadership, 6 in team); the tracked headcount is 513.
| Name | Role | Group |
|---|---|---|
Victor A Ducharne | Co-Founder | Leadership |
dhiraj pudale | Head of Finance and Accounting | Leadership |
Mahendra Ji | Electrical Project Engineer | Team |
Akash Sawakhande | Assistant Engineer ( Erection) Projects | Team |
Sagar Gaikwad | Assistant Manager | Team |
Ajinkya Shende | Project Engineer | Team |
Sujith Lal | Technical Service Engineer | Team |
Sankar Kumar | Testing Engineer | Team |
Complete people profiles for Shreem Electric
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Financials of Shreem Electric
Figures of Shreem Electric Limited, the primary company behind Shreem Electric, for FY 2025. Revenue was ₹363 Cr (+10% year on year). Net profit was ₹14.26 Cr (4% margin). EBITDA was ₹44.90 Cr (12% margin). Revenue has grown at a compounded annual rate of +7% over three years and -4% over five years.
- ₹363 CrRevenue · FY 2025 · +10% YoY
- ₹14.26 CrNet profit · 4% margin
- ₹44.90 CrEBITDA · 12% margin
- ₹20.57 CrPaid-up capital
- 513Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shreem Electric Limited are on its company page.
Detailed financial statements for Shreem Electric
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Shreem Electric
3 dated milestones of Shreem Electric across 36 years, from founding to its latest funding, stage changes and deals.
- Founded Shreem Electric is founded.
- Funding First funding round of $20.3M.
- Funding Latest funding round, Series B, of $12.6M.
Web traffic of Shreem Electric
The website of Shreem Electric (shreemelectric.com) receives about 8.8K visits a month.
- Monthly visits8.8K
▲ 416.5% vs previous month
Websites whose visitors overlap most with Shreem Electric. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| unistar.co.in | 100% | 2.3K | #5,643,465 | View details | |
jpl.in | jpl.in | 86% | – | ||
power-nigeria.com | power-nigeria.com | 81% | – | ||
| hitachienergy.com | 77% | 778.6K | #71,061 | View details | |
thedealertoolbox.com | thedealertoolbox.com | 51% | #11,962,617 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Shreem Electric
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Top companies in Electronic Manufacturing & Components
3 companies that operate in the same segment as Shreem Electric (Electronic Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of ODM plus solutions for diverse industries | 1990 | Kochi, Kerala, India | USD 119.5 M | USD 253.11 M | 2,400 | |
Integrated electronics manufacturing and IoT solutions are delivered across industries. | 2008 | Mysuru, Karnataka, India | USD 22.44 M | USD 386.47 M | 3,850 | |
Electronics manufacturing services are provided for consumer and home products. | 1993 | Noida, Uttar Pradesh, India | USD 9.32 M | USD 5.17 B | 8,890 |
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Related news about Shreem Electric
Complete news archive for Shreem Electric
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Frequently Asked Questions about Shreem Electric
Shreem Electric was founded in 1976 and raised its 1st funding round 34 years after it was founded.
Shreem Electric is headquartered in Kolhapur, India. It is registered at Kolhapur, Maharashtra, India.
Shreem Electric is a funded company, having raised a total of $32.9M across 2 funding rounds to date. The company's 1st funding round was a Series B of $20.28M, raised on Oct 2010.
Shreem Electric has 513 employees.
The primary company behind Shreem Electric, Shreem Electric Limited, reported revenue of ₹363 Cr for FY 2025, up 10% year on year.
Manufacturer of power transmission and distribution equipment. This includes medium and high voltage capacitors, switchgear, control and relay panels, lightning arrestors, and monitoring devices. The company also provides turnkey solutions for capacitor banks and substations across various voltage classes. Its focus is on project management for substation projects and the creation of multi-product manufacturing facilities for transmission and distribution equipment.
Shreem Electric offers Capacitors and Turnkey Solutions.
Shreem Electric has 1 investor. Key investors include Eight Roads Ventures.
Shreem Electric operates through Shreem Electric Limited.
The legal entities of Shreem Electric currently have 7 directors, including Hema Shahaji Jagadale, Vishal Shahaji Jagadale, Vikas Shahaji Jagadale and others.