About Comrade Appliances Limited
Data last updated:
Comrade Appliances Limited is a public limited company based in Jogeshwari West, Maharashtra, India, recognised as a startup by DPIIT. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 22 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH2017PLC292817. Its GSTIN is 27AAGCC9056P1ZX (Maharashtra). It is a listed company.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹7.78 Cr. It was formerly known as Comrade Appliances Private Limited. It is led by directors including Khursheed Alam (Managing Director) and Mehboob Alam.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Wing 3rd Floor Key Tech Park, Jogeshwari West, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹30.11 Cr, a decline of 47.5% compared to the previous year. For the same year it recorded a net loss of ₹9.46 Cr (net margin -31.4%) and EBITDA of -₹3.07 Cr (EBITDA margin -10.2%). The net worth stands at ₹13.18 Cr (down 41.8% YoY). Total assets are valued at ₹51.31 Cr (up 3.7% YoY).
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Comrade Appliances. As per MCA filings, the company has open charges of ₹38.23 Cr on record. The company has 20 deals on record (16 market trades, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.45 Cr; the latest was in April 2026. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Aiwa India Sales & Services Private Limited with revenue of ₹57.97 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website comrade.net.in.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressOffice No.303 A – Wing 3rd Floor Key Tech Park, Sadhna Soap Lane Off S.V Road, Jogeshwari West, Maharashtra, India – 400102
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Comrade Appliances Limited
The main business activity of Comrade Appliances is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Comrade Appliances Limited FY 2025-26 filings available
Comrade Appliances Limited reported revenue of ₹30.11 Cr (down 47.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 30.11 | 57.31 | 28.99 | 26.96 | 29.65 | 26.00 | 21.62 |
| Revenue growth | -47.5% | +97.7% | +7.5% | -9.1% | +14.0% | +20.3% | - |
| EBITDA | (3.07) | 5.23 | 3.49 | 4.50 | 2.92 | 1.90 | 1.29 |
| EBITDA margin | -10.2% | +9.1% | +12.0% | +16.7% | +9.9% | +7.3% | +6.0% |
| Profit before tax | (9.15) | 0.58 | 0.85 | 2.22 | 0.32 | 0.27 | 0.51 |
| Net profit | (9.46) | 0.52 | 0.52 | 1.63 | 0.17 | 0.16 | 0.42 |
| Net profit margin | -31.4% | +0.9% | +1.8% | +6.1% | +0.6% | +0.6% | +1.9% |
| EPS (₹) | (12.16) | 0.68 | 0.70 | 3.12 | 0.32 | 0.61 | 1.26 |
| Balance sheet | |||||||
| Total assets | 51.31 | 49.48 | 31.00 | 20.52 | 17.50 | 18.80 | 6.96 |
| Net worth | 13.18 | 22.64 | 16.93 | 6.89 | 6.36 | 4.63 | 2.93 |
| Total debt | 38.13 | 26.85 | 13.93 | 13.50 | 11.13 | 14.12 | 4.01 |
| Cash & bank | 1.22 | 1.12 | 0.68 | 0.60 | 0.25 | 0.37 | 0.06 |
| Net working capital | 16.89 | 13.13 | 24.51 | 15.34 | 11.10 | 13.05 | 4.16 |
| Cash flow | |||||||
| Cash from operations | (5.24) | 4.57 | (5.99) | (0.16) | 4.90 | (1.71) | 1.45 |
| Cash from investing | (4.53) | (20.29) | (2.63) | (0.94) | (0.38) | (3.47) | (1.16) |
| Cash from financing | 9.86 | 16.16 | 8.70 | 1.44 | (4.28) | 5.49 | (0.24) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 30.11 | 57.31 | 28.99 | 26.96 | 29.65 | 26.00 | 21.62 |
| Revenue growth | -47.5% | +97.7% | +7.5% | -9.1% | +14.0% | +20.3% | - |
| Other income | 0.08 | 0.11 | 0.11 | 0.03 | 0.07 | 0.03 | 0.00 |
| Total expenses | 33.18 | 52.08 | 25.50 | 22.46 | 26.73 | 24.10 | 20.33 |
| Employee cost | 2.84 | 1.98 | 1.67 | 1.51 | 1.24 | 0.76 | 0.74 |
| EBITDA | (3.07) | 5.23 | 3.49 | 4.50 | 2.92 | 1.90 | 1.29 |
| EBITDA margin | -10.2% | +9.1% | +12.0% | +16.7% | +9.9% | +7.3% | +6.0% |
| Depreciation | 4.55 | 2.60 | 1.08 | 0.88 | 1.25 | 0.53 | 0.42 |
| Interest | 1.61 | 2.16 | 1.67 | 1.43 | 1.42 | 1.13 | 0.36 |
| Profit before tax | (9.15) | 0.58 | 0.85 | 2.22 | 0.32 | 0.27 | 0.51 |
| Tax | 0.31 | 0.06 | 0.33 | 0.59 | 0.15 | 0.09 | 0.09 |
| Net profit | (9.46) | 0.52 | 0.52 | 1.63 | 0.17 | 0.16 | 0.42 |
| Net profit margin | -31.4% | +0.9% | +1.8% | +6.1% | +0.6% | +0.6% | +1.9% |
| EPS (₹) | (12.16) | 0.68 | 0.70 | 3.12 | 0.32 | 0.61 | 1.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 7.78 | 7.78 | 7.53 | 5.25 | 5.17 | 3.32 | 3.32 |
| Reserves & surplus | 5.40 | 12.41 | 9.40 | 1.64 | 1.19 | (0.91) | (0.39) |
| Shareholders' funds (net worth) | 13.18 | 22.64 | 16.93 | 6.89 | 6.36 | 4.63 | 2.93 |
| Secured loans | 29.54 | 24.47 | 12.68 | 11.11 | 7.47 | 9.97 | 3.14 |
| Unsecured loans | 8.59 | 2.38 | 1.25 | 2.39 | 3.66 | 4.15 | 0.87 |
| Total debt | 38.13 | 26.85 | 13.93 | 13.50 | 11.13 | 14.12 | 4.01 |
| Total liabilities | 51.31 | 49.48 | 31.00 | 20.52 | 17.50 | 18.80 | 6.96 |
| Assets | |||||||
| Gross block | 28.36 | 30.77 | 10.43 | 7.73 | 8.94 | 6.39 | 3.61 |
| Net block | 23.81 | 23.76 | 6.03 | 4.42 | 5.59 | 4.96 | 2.69 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 23.63 | 28.87 | 19.10 | 15.91 | 12.45 | 14.17 | 6.72 |
| Sundry debtors | 0.00 | 0.00 | 8.25 | 5.32 | 6.77 | 8.85 | 5.22 |
| Cash & bank balances | 1.22 | 1.12 | 0.68 | 0.60 | 0.25 | 0.37 | 0.06 |
| Loans & advances | 4.89 | 6.89 | 5.04 | 0.49 | 0.64 | 2.26 | 1.98 |
| Total current assets | 29.74 | 36.88 | 33.07 | 22.32 | 20.11 | 25.65 | 13.98 |
| Total current liabilities | 12.85 | 23.75 | 8.56 | 6.98 | 9.01 | 12.60 | 9.82 |
| Net working capital | 16.89 | 13.13 | 24.51 | 15.34 | 11.10 | 13.05 | 4.16 |
| Total assets | 51.31 | 49.48 | 31.00 | 20.52 | 17.50 | 18.80 | 6.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.12 | 0.68 | 0.60 | 0.25 | 0.01 | 0.06 | 0.01 |
| Net cash from operating activities | (5.24) | 4.57 | (5.99) | (0.16) | 4.90 | (1.71) | 1.45 |
| Net cash from investing activities | (4.53) | (20.29) | (2.63) | (0.94) | (0.38) | (3.47) | (1.16) |
| Net cash from financing activities | 9.86 | 16.16 | 8.70 | 1.44 | (4.28) | 5.49 | (0.24) |
| Net change in cash | 0.10 | 0.44 | 0.08 | 0.34 | 0.24 | 0.31 | 0.05 |
| Closing cash | 1.22 | 1.12 | 0.68 | 0.60 | 0.25 | 0.37 | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -47.5% | +97.7% | +7.5% | -9.1% | +14.0% | +20.3% | - |
| EBITDA growth | -158.7% | +49.9% | -22.4% | +54.1% | +53.7% | +47.3% | - |
| PBT growth | - | -31.8% | -61.7% | +593.8% | +18.5% | -47.1% | +5000.0% |
| Net income growth | -1919.2% | 0.0% | -68.1% | +858.8% | +6.3% | -61.9% | - |
| Revenue CAGR (3Y) | +3.8% | +24.6% | +3.7% | +7.6% | +271.1% | - | - |
| EBITDA CAGR (3Y) | - | +21.4% | +22.5% | +51.7% | +231.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -31.4% | +0.9% | +1.8% | +6.1% | +0.6% | +0.7% | +1.9% |
| Return on capital employed | 0.0% | +6.9% | +9.8% | +19.2% | +9.3% | +10.4% | +13.6% |
| Return on net worth | 0.0% | +2.7% | +4.5% | +24.8% | +2.7% | +4.5% | +13.2% |
| Debt / equity | 1.81 | 1.03 | 1.15 | 1.86 | 2.30 | 2.40 | 1.06 |
| Long-term debt / equity | 0.78 | 0.34 | 0.17 | 0.47 | 0.94 | 1.13 | 0.75 |
| Interest cover | -21.13 | 82.13 | 69.29 | 39.50 | 85.03 | 82.48 | 41.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.02 | 2.78 | 3.19 | 3.23 | 3.87 | 5.20 | 6.35 |
| Inventory turnover | 1.15 | 2.39 | 1.66 | 1.90 | 2.23 | 2.49 | 5.03 |
| Debtors turnover | 0.00 | 13.89 | 4.27 | 4.46 | 3.80 | 3.70 | 5.85 |
| EPS (₹) | (12.16) | 0.68 | 0.70 | 3.12 | 0.32 | 0.61 | 1.26 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 16.94 | 25.95 | 22.49 | 13.13 | 12.30 | 7.27 | 8.83 |
Peer Comparison of Comrade Appliances Limited
Comrade Appliances 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 |
|---|---|---|---|---|---|---|
| Aiwa India Sales & Services Private Limited | ₹57.97 Cr (FY 2024) | •••• | •••• | 141.0% | •••• | Delhi, India |
| Rico Appliances Private Limited | ₹57.87 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Redon Lithium Industries LLP | ₹57.77 Cr (FY 2024) | •••• | •••• | 141.0% | •••• | Bangalore, Karnataka, India |
| Comcon Technologies Limited | ₹57.73 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | New Delhi, Delhi, India |
| Bharat Electrical Accessories Pvt.Ltd. | ₹57.72 Cr (FY 2024) | •••• | •••• | -76.0% | •••• | Kolkata, West Bengal, India |
| Leksa Lighting Technologies Private Limited | ₹57.22 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Kolkata, West Bengal, India |
| Contendre Greenergy Limited | ₹57.1 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Ads Led Private Limited | ₹57.03 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Ahmedabad, Gujarat, India |
| Wonder Overseas Private Limited | ₹56.84 Cr (FY 2015) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| Inventaa Led Lights Private Limited | ₹56.53 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Chennai, Tamil Nadu, India |
| Comrade Appliances Limited this company | ₹30.11 Cr (FY 2026) | •••• | •••• | -47.5% | •••• | Jogeshwari West, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Comrade Appliances 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.
Board of Directors of Comrade Appliances Limited
Comrade Appliances has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehboob Alam | Director | 02 Jan 2023 | 3 Years 9 Months | Current |
| Sonu Dhariwal | Director | 10 Nov 2022 | 3 Years 11 Months | Current |
| Rajan Agarwal Also directs: Progressive Commutators Pvt. Ltd. | Director | 10 Nov 2022 | 3 Years 11 Months | Current |
| Khursheed Alam Also directs: Troupe Technologies Private Limited, WJT India Private Limited | Managing Director | 10 Nov 2022 | 3 Years 11 Months | Current |
| Shakir Khan | Director | 02 Jan 2023 | 3 Years 9 Months | Current |
Charges & Borrowings of Comrade Appliances Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Sep 2025 | State Bank of India | ₹6.75 Cr | Open |
| 30 Jul 2025 | Sidbi | ₹65 Lakh | Open |
| 19 Nov 2024 | Others | ₹3.52 Cr | Open |
| 24 Jul 2024 | Others | ₹2.9 Cr | Open |
| 29 Jun 2024 | Others | ₹1.02 Cr | Open |
Total charge records: 9 View all charges
Deals & Funding of Comrade Appliances Limited
Comrade Appliances Limited has 20 deals on record (16 market trades, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.45 Cr; the latest was in April 2026.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Market trade | ₹32.9 Lakh | Buyer: Gretex Share Broking Limited Seller: Bazz Commotrade Private Limited |
| Dec 2025 | Market trade | ₹63.6 Lakh | Buyer: Bazz Commotrade Private Limited , Gretex Share Broking Limited Seller: Gretex Share Broking Limited |
| Sep 2025 | Market trade | ₹40.6 Lakh | Buyer: Pocketful Securities and Investment Private Limited |
| Mar 2024 | Market trade | ₹82 Lakh | Buyer: Chaitainya Metals Private Limited Seller: an individual |
| Sep 2023 | Market trade | ₹98.6 Lakh | Buyer: an individual Seller: Gretex Share Broking Limited |
Full deal history
All 20 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Comrade Appliances Limited
Comrade Appliances operates one associated brand: Comrade Appliances. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home appliances are manufactured and marketed by Comrade Appliances. | comrade.net.in |
Employees and EPFO Compliance at Comrade Appliances Limited
Employment history and EPFO contributions of people linked to Comrade Appliances.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Comrade Appliances Limited
Comrade Appliances has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999MH2017PLC292817, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999MH2017PLC292817 | Current |
| U74999MH2017PLC292817 | Previous |
| U74999MH2017PTC292817 | Previous |
News related to Comrade Appliances Limited
Recent Activity on Comrade Appliances Limited
Comrade Appliances Limited has 6 board changes on record since 2022: 5 appointments and 1 cessation. The latest: Malvika Jagani ceased to be Company Secretary on 04 Oct 2025.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Comrade Appliances Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Comrade Appliances Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Comrade Appliances Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Comrade Appliances Limited
Comrade Appliances has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC9056P1ZX | Maharashtra | Active | 17 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Comrade Appliances Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Comrade Appliances Limited
Comrade Appliances is an active public limited company based in Jogeshwari West, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 22 March 2017 (9+ years old) and is registered under CIN L74999MH2017PLC292817.
Comrade Appliances reported revenue of ₹30.11 Cr for FY 2025-26 (down 47.5% YoY) based on standalone financials.
Comrade Appliances has 5 current directors:
- Khursheed Alam - Managing Director
- Mehboob Alam - Director
- Sonu Dhariwal - Director
- Rajan Agarwal - Director
- Shakir Khan - Director
The GSTIN of Comrade Appliances is 27AAGCC9056P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Comrade Appliances is L74999MH2017PLC292817. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Comrade Appliances is a listed company.
Comrade Appliances was incorporated on 22 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Comrade Appliances has 20 deals on record (16 market trades, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.45 Cr; the latest was in April 2026.
The peers of Comrade Appliances by revenue are Aiwa India Sales & Services Private Limited, Rico Appliances Private Limited, Redon Lithium Industries LLP, Comcon Technologies Limited, Bharat Electrical Accessories Pvt.Ltd. and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Malvika Jagani ceased to be Company Secretary on 04 Oct 2025. Mehboob Alam was appointed as Director on 02 Jan 2023. Shakir Khan was appointed as Director on 02 Jan 2023. Comrade Appliances has 6 board changes on record in total.
Yes, Comrade Appliances is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).