MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0082546
_PRIVATE_LIMITED.webp)
Bag Electronics (India) Private Limited - consumer electronics & durables in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.03 Cr
▼ 84% YoY
Net loss · FY 2025
₹38.11 Lakh
Net margin -37.1%
EBITDA · FY 2025
-₹24.17 Lakh
EBITDA margin -23.5%
Authorised capital
₹37.5 Cr
Registered with MCA
Paid-up capital
₹35.51 Cr
Issued & subscribed
Satisfied charges
₹21.79 Lakh
No open charges
Company age
20 yrs
Est. 2006
Employees · EPFO
56
Provident fund records
About Bag Electronics (India) Private Limited
Data last updated:
Bag Electronics (India) Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Trilux Finance B.V.. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 10 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U32109PN2006PTC021987. Its GSTIN is 27AABCH6565P1ZX (Maharashtra).
The company has an authorised share capital of ₹37.5 Cr and a paid-up capital of ₹35.51 Cr. It was formerly known as Hueco Lightronic (India) Private Limited. It is led by directors including Sachin Babulal Rokade and Ameet Avinash Kimbahune.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S. No. 19 Yewlewadi Kondhwa Road, Pune, Maharashtra, India – 411048.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.03 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹38.11 Lakh (net margin -37.1%) and EBITDA of -₹24.17 Lakh (EBITDA margin -23.5%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 53% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹21.79 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 9 deals on record (4 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹43.32 Cr; the latest was in April 2021. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Aruns Kitchen Chef India Private Limited with revenue of ₹1.04 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 442 overdue payments to 34 micro and small suppliers.
Bag Electronics (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0082546). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bagelectronics.in.
Company Details of Bag Electronics (India) Private Limited
CIN U32109PN2006PTC021987
Registration Number 021987
Incorporation Date 10 February 2006
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Trilux Finance B.V.
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0082546
Key People
Sachin Babulal Rokade Director Ameet Avinash Kimbahune Director Kalayana Sunadaram Balasubramaniyam Director Recognitions & Rankings of Bag Electronics (India)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS. No. 19 Yewlewadi Kondhwa Road, Pune, Maharashtra, India – 411048
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
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Business Activity of Bag Electronics (India) Private Limited
The main business activity of Bag Electronics (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Bag Electronics (India) Private Limited FY 2024 filings available
Bag Electronics (India) Private Limited reported revenue of ₹1.03 Cr (down 84% YoY) for FY 2025.
Revenue · FY 2025
₹1.03 Cr ▼ 84%
Net loss · FY 2025
₹38.11 Lakh margin -37.1%
EBITDA · FY 2025
-₹24.17 Lakh margin -23.5%
Compounded Annual Growth Rate (CAGR) of Bag Electronics (India) Private Limited
Revenue CAGR growth
1 year
▼ 84%
3 years · compounded
▼ 58%
5 years · compounded
▼ 53%
EBITDA CAGR growth
1 year
▲ 98%
3 years · compounded
▲ 76%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 84% fall in the latest year. EBITDA rose 98% 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 of Bag Electronics (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹24.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹38.11 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 of Bag Electronics (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -37.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bag Electronics (India) are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Bag Electronics (India) Private Limited
Bag Electronics (India) has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Babulal Rokade | Director | 29 Jun 2022 | 4 Years 3 Months | Current |
| Ameet Avinash Kimbahune Also directs: Duke Offshore Ltd | Director | 31 Mar 2022 | 4 Years 6 Months | Current |
| Kalayana Sunadaram Balasubramaniyam Also directs: Trilux Lighting (India) Private Limited | Director | 19 Apr 2024 | 2 Years 6 Months | Current |
Peer Comparison of Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aruns Kitchen Chef India Private Limited | ₹1.04 Cr (FY 2023) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Thinkemc Solutions Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 498.0% | •••• | Indore, Madhya Pradesh, India |
| Xxplore Automotive Private Limited | ₹1.04 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Faridabad, Haryana, India |
| Advik Optoelectronics Limited | ₹1.03 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Delhi, India |
| Omen Electrical & Gas Appliances Private Limited | ₹1.03 Cr (FY 2025) | •••• | •••• | 1258.0% | •••• | New Delhi, Delhi, India |
| Bag Electronics (India) Private Limited this company | ₹1.03 Cr (FY 2025) | •••• | •••• | -84.0% | •••• | Pune, Maharashtra, India |
| Mokksh Machines Private Limited | ₹1.03 Cr (FY 2022) | •••• | •••• | •••• | Delhi, India | |
| Syguru Innovators Private Limited | ₹1.02 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Vadodara, Gujarat, India |
| Allied Krishna Processing Industries Private Limited | ₹1.02 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Osel Infra Private Limited | ₹1.02 Cr (FY 2022) | •••• | •••• | 54.0% | •••• | Bangalore, Karnataka, India |
| Trend Electric Company Private Limited | ₹1.02 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Bag Electronics (India) by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited is audited by Sachin Gogave & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sachin Gogave & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Bag Electronics (India) Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Bag Electronics (India) Private Limited
Open charges
None
Satisfied charges
₹21.79 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2008 | Hdfc Bank Limited | ₹6.79 Lakh | Satisfied |
| 26 Mar 2007 | Hdfc Bank Ltd | ₹5 Lakh | Satisfied |
| 26 Mar 2007 | Hdfc Bank Ltd | ₹10 Lakh | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited has 9 deals on record (4 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹43.32 Cr; the latest was in April 2021.
Total deals
9
Secondary share transfers
4
Funding rounds
3
Rights issues
2
Disclosed funding
₹43.32 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Rights issue | ₹27.02 Cr | Investors: Trilux Finance B V, Trilux International Holdings B V |
| Mar 2019 | Funding round | ₹25.53 Cr | Investors: Trilux Finance B V |
| Dec 2017 | Rights issue | ₹3.19 Cr | Investors: Trilux International Holdings B V, Trilux Finance B V |
| Oct 2017 | Funding round | ₹11.19 Cr | Investors: Trilux Finance B V |
| Aug 2011 | Funding round | ₹6.6 Cr | Investors: Trilux International Holdings B V, Trilux Finance B V |
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Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited has 1 court case on record: 1 filed by Bag Electronics (India). All case is disposed. Status as checked on 01 Oct 2026.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against State of Maharashtra | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 442 overdue payments to 34 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 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amprint Techno Private Limited | •••• | •••• | •••• |
| Disha Labels & Barcode Solutions | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited has a workforce of 56 employees as of Apr 08, 2024.
Employee count
56
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Bag Electronics (India) Private Limited
Bag Electronics (India) Private Limited has 19 board changes on record since 2007: 3 appointments and 16 cessations. The latest: Kalayana Sunadaram Balasubramaniyam ceased to be Additional Director on 27 Sep 2024.
AGM
Bag Electronics (India) Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Ceased
Kalayana Sunadaram Balasubramaniyam ceased to be Additional Director.
Appointed
Kalayana Sunadaram Balasubramaniyam was appointed as Director.
Filing
Bag Electronics (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Sachin Babulal Rokade ceased to be Additional Director.
Ceased
Ameet Avinash Kimbahune ceased to be Additional Director.
Ceased
Mandar Shrikrishna Jog ceased to be Director.
Appointed
Sachin Babulal Rokade was appointed as Director.
Appointed
Ameet Avinash Kimbahune was appointed as Director.
Ceased
Samit Subhash Saraf ceased to be Director.
Ceased
Praveen Bindingnavile Seshadri ceased to be Managing Director.
Ceased
Rahul Ruprao Andhare ceased to be Additional Director.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bag Electronics (India) Private Limited
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Credit ratings, litigation, and regulatory alerts
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Subsidiaries & Group Companies of Bag Electronics (India) Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Bag Electronics (India) Private Limited
Bag Electronics (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH6565P1ZX | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Bag Electronics (India) Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Bag Electronics (India) Private Limited
Bag Electronics (India) is an active private limited company based in Pune, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 10 February 2006 (20+ years old) and is registered under CIN U32109PN2006PTC021987.
Bag Electronics (India) reported revenue of ₹1.03 Cr for FY 2025 (down 84% YoY).
Bag Electronics (India) has 3 current directors:
- Sachin Babulal Rokade - Director
- Ameet Avinash Kimbahune - Director
- Kalayana Sunadaram Balasubramaniyam - Director
Bag Electronics (India) reported a net loss of ₹38.11 Lakh (net margin -37.1%) and EBITDA of -₹24.17 Lakh (EBITDA margin -23.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bag Electronics (India) is -58% over three years and -53% over five years. In the latest year (FY 2025) revenue fell 84%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bag Electronics (India) is 27AABCH6565P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bag Electronics (India) is U32109PN2006PTC021987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bag Electronics (India) has 1 court case on record: 1 filed by the company.
Bag Electronics (India) was incorporated on 10 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Bag Electronics (India) has 9 deals on record (4 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹43.32 Cr; the latest was in April 2021.
The peers of Bag Electronics (India) by revenue are Aruns Kitchen Chef India Private Limited, Thinkemc Solutions Private Limited, Xxplore Automotive Private Limited, Advik Optoelectronics Limited, Omen Electrical & Gas Appliances Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Kalayana Sunadaram Balasubramaniyam ceased to be Additional Director on 27 Sep 2024. Kalayana Sunadaram Balasubramaniyam was appointed as Director on 19 Apr 2024. Sachin Babulal Rokade ceased to be Additional Director on 14 Mar 2023. Bag Electronics (India) has 19 board changes on record in total.