MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0027120
Chetan Electric Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.82 Cr
▲ 4% YoY
Net profit · FY 2024
₹2.65 Cr
Net margin 16.8%
EBITDA · FY 2024
₹3.6 Cr
EBITDA margin 22.8%
Authorised capital
₹8 Lakh
Registered with MCA
Paid-up capital
₹8 Lakh
Issued & subscribed
Satisfied charges
₹1.24 Cr
No open charges
Company age
37 yrs
Est. 1989
Directors on board
2
As per MCA filings
About Chetan Electric Private Limited
Data last updated:
Chetan Electric Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 01 June 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA1989PTC010122. Its GSTIN is 29AAACC5888P1ZR (Karnataka).
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Pushpalatha Hegde and Sudhakar Hegde Vokketur.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.82 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.65 Cr (net margin 16.8%) and EBITDA of ₹3.6 Cr (EBITDA margin 22.8%). Revenue has grown at a compounded annual rate (CAGR) of 567% over three years and 12% over five years.
The company is associated with 1 brand: Chetan Electric. As per MCA filings, the company has satisfied charges of ₹1.24 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Chetan Electric Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0027120). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chetanelectric.com.
Company details
CIN U31909KA1989PTC010122
Registration Number 010122
Incorporation Date 01 June 1989
ROC Bangalore
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-KR-03-0027120
Recognitions & Rankings of Chetan Electric
Contact details
Chetan Electric Private Limited's registered office is in Bangalore, Karnataka. Its website is chetanelectric.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS – 101 & 112 1st Floor Raheja Arcade, 7th Block Koramangala, Bangalore, Karnataka, India – 560095
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Chetan Electric Private Limited, buy the company report.
Comprehensive company report
Chetan Electric 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
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Brands
Chetan Electric operates one associated brand: Chetan Electric. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying transformers, including oil-cooled and dry-type variants, in India. | chetanelectric.com |
Business activity
The main business activity of Chetan Electric is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Chetan Electric Private Limited, buy the company report.
Financials of Chetan Electric Private Limited
FY 2024 filings availableChetan Electric Private Limited reported revenue of ₹15.82 Cr (up 4% YoY) for FY 2024.
Revenue · FY 2024
₹15.82 Cr ▲ 4%
Net profit · FY 2024
₹2.65 Cr margin 16.8%
EBITDA · FY 2024
₹3.6 Cr margin 22.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 567%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 86%
3 years · compounded
▲ 926%
5 years · compounded
▲ 50%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 4% growth in the latest year. EBITDA rose 86% 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 | |||||
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| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.8% | ||||
| Net Profit Margin | 16.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Chetan Electric Private Limited, buy the company report.
Board of directors of Chetan Electric Private Limited
Chetan Electric has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpalatha Hegde | Director | 17 Jun 2022 | 4 Years 4 Months | Current |
| Sudhakar Hegde Vokketur | Director | 01 Jun 1989 | 37 Years 5 Months | Current |
Peer comparison
Chetan Electric Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Energe Capacitors Private Limited | ₹15.99 Cr (FY 2024) | 18.0% | Virudhunagar, Tamil Nadu, India | |||
| Digitech Controls & Automations (India) Private Limited | ₹15.98 Cr (FY 2025) | -28.0% | Chennai, Tamil Nadu, India | |||
| Chetan Electric Private Limitedthis company | ₹15.82 Cr (FY 2024) | ₹2.65 Cr | 16.8% | 4.0% | Bangalore, Karnataka, India | |
| Gvolts Transformers Private Limited | ₹15.69 Cr (FY 2022) | 152.0% | Olpad, Gujarat, India |
To see the full peer comparison of Chetan Electric Private Limited, buy the company report.
Auditor
Chetan Electric Private Limited is audited by BVM SWAMY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BVM SWAMY & ASSOCIATES | FY 2023 | 023235S |
Shareholding
The shareholding of Chetan Electric 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 Chetan Electric Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2001 | 80057096 | Central Bank of India | ₹16 Lakh | Satisfied | |
| 27 Jan 2001 | 90197901 | Central Bank of India | ₹16 Lakh | Satisfied | |
| 13 Dec 1996 | 80057097 | Central Bank of India | ₹18 Lakh | Satisfied | |
| 13 Dec 1996 | 90197128 | Central Bank of India | ₹18 Lakh | Satisfied | |
| 13 Dec 1995 | 80057098 | Central Bnk of India | ₹18 Lakh | Satisfied |
To see the full charge records of Chetan Electric Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Chetan Electric Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by N M Academy Brindhavan College | Disposed |
To see the full case history of Chetan Electric Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Chetan Electric Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chetan Electric has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACC5888P1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chetan Electric Private Limited, buy the company report.
Recent activity
Chetan Electric Private Limited has 4 board changes on record since 1989: 2 appointments and 2 cessations. The latest: Ramesh Hegde ceased to be Director on 10 Feb 2023.
AGM
Chetan Electric Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Chetan Electric Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 12 Mar 1993 via Charge ID 90201111 with Karnataka State Financial Corp. was fully satisfied on 20 Mar 2024.
Charges
A charge registered on 27 Jan 2001 via Charge ID 90197901 with Central Bank Of India was fully satisfied on 15 Dec 2023.
Charges
A charge registered on 13 Dec 1996 via Charge ID 90197128 with Central Bank Of India was fully satisfied on 15 Dec 2023.
Charges
A charge registered on 13 Dec 1995 via Charge ID 90196952 with Central Bank Of India was fully satisfied on 15 Dec 2023.
Ceased
Ramesh Hegde ceased to be Director.
Ceased
Pushpalatha Hegde ceased to be Additional Director.
Appointed
Pushpalatha Hegde was appointed as Director.
Charges
A charge registered on 27 Jan 2001 via Charge ID 80057096 with Central Bank Of India was fully satisfied on 18 May 2010.
Charges
A charge registered on 13 Dec 1996 via Charge ID 80057097 with Central Bank Of India was fully satisfied on 26 Mar 2010.
Charges
A charge registered on 13 Dec 1995 via Charge ID 80057098 with Central Bnk Of India was fully satisfied on 26 Mar 2010.
11 earlier events are in the company report.
Frequently asked questions
Chetan Electric is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 01 June 1989 (37+ years old) and is registered under CIN U31909KA1989PTC010122.
Chetan Electric has 2 current directors:
- Pushpalatha Hegde - Director
- Sudhakar Hegde Vokketur - Director
The latest financial statements of Chetan Electric 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 Chetan Electric is 29AAACC5888P1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Chetan Electric is U31909KA1989PTC010122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chetan Electric has 1 court case on record: 1 filed against it.
Chetan Electric was incorporated on 01 June 1989, making it 37+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Chetan Electric by revenue are Energe Capacitors Private Limited, Digitech Controls & Automations (India) Private Limited, Gvolts Transformers Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Ramesh Hegde ceased to be Director on 10 Feb 2023. Pushpalatha Hegde ceased to be Additional Director on 05 Nov 2022. Pushpalatha Hegde was appointed as Director on 17 Jun 2022. Chetan Electric has 4 board changes on record in total.
Yes, Chetan Electric is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0027120).
Chetan Electric can be reached through the website chetanelectric.com. Its registered office is in Bangalore, Karnataka, India.
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