About Connectwell Industries Private Limited
Data last updated:
Connectwell Industries Private Limited is a private limited company based in Kalyan, Maharashtra, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 28 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U30000MH1997PTC105433. Its GSTIN is 27AAACC4125D1Z8 (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.5 Cr. It is led by directors including Sandeep Vijay Saheta (Managing Director) and Vijay Girdharilal Saheta (Whole-Time Director).
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 Plot No. B4 And B5 MIDC Phase 2 Dombivli, Kalyan, Maharashtra, India – 421204.
As per the financials filed for FY 2025, the company reported a revenue of ₹355.07 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹28.53 Cr (net margin 8%) and EBITDA of ₹64.95 Cr (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 18% over five years.
The company has about 299 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Connectwell. As per MCA filings, the company has open charges of ₹165.36 Cr and satisfied charges of ₹102.81 Cr on record. Court records list 11 cases involving the company, including 7 filed by the company and 4 filed against it; 3 cases are pending. The company has 8 deals on record (4 rights issues, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹7.5 Cr; the latest was in March 2024. Its 6 peer companies in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 1 smaller; the largest is D B Machine Tools Private Limited with revenue of ₹659.26 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 connectwell.com.
Company details
Contact details
Connectwell Industries Private Limited's registered office is in Kalyan, Maharashtra. Its website is connectwell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. B4 And B5 MIDC Phase 2 Dombivli, Kalyan, Maharashtra, India – 421204
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Connectwell Industries Private Limited, buy the company report.
- 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
Brands
Connectwell Industries operates one associated brand: Connectwell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of terminal blocks, interface modules, and related electrical components in India. | connectwell.com |
Business activity
The main business activity of Connectwell Industries 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 Connectwell Industries Private Limited, buy the company report.
Financials of Connectwell Industries Private Limited
FY 2024 filings availableConnectwell Industries Private Limited reported revenue of ₹355.07 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 10% growth in the latest year. EBITDA rose 28% 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 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 | ₹64.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.53 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.3% | ||||
| Net Profit Margin | 8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Connectwell Industries Private Limited, buy the company report.
Board of directors of Connectwell Industries Private Limited
Connectwell Industries has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preeti Mohan Gurnani Also directs: Controlwellindia Pvt Ltd, Connectwell India Private Limited | Director | 18 May 2015 | 11 Years 5 Months | Current |
| Mohanlal Thakurdas Gurnani Also directs: Rajdeep Sales LLP, Connectrite Electronics (India) LLP, Samp Constructions LLP and 5 more | Director | 01 Apr 2004 | 22 Years 7 Months | Current |
| Jiten Vijay Saheta | Director | 01 Oct 2009 | 17 Years 1 Months | Current |
| Vijay Girdharilal Saheta Also directs: Rajdeep Sales LLP, Connectrite Electronics (India) LLP, Controlwellindia Pvt Ltd and 2 more | Whole-Time Director | 28 Jan 1997 | 29 Years 9 Months | Current |
| Sandeep Vijay Saheta Also directs: Rajdeep Sales LLP, Connectrite Electronics (India) LLP, Controlwellindia Pvt Ltd and 1 more | Managing Director | 01 Oct 2009 | 17 Years 1 Months | Current |
Peer comparison
Connectwell Industries Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Machine Tools), 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 |
|---|---|---|---|---|---|---|
| D B Machine Tools Private Limited | ₹659.26 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Cosmos Impex (India) Pvt Ltd | ₹563.26 Cr (FY 2025) | 11.0% | Vadodara, Gujarat, India | |||
| Gupta Machine Tools Private Limited | ₹482.43 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Batliboi Limited | ₹419.47 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Pragati Automation Private Limited | ₹405.86 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Connectwell Industries Private Limitedthis company | ₹355.07 Cr (FY 2025) | ₹28.53 Cr | 8% | 10.0% | 299 | Kalyan, Maharashtra, India |
| Se Blades Limited | ₹286.91 Cr (FY 2016) | 119.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Connectwell Industries Private Limited, buy the company report.
Auditor
Connectwell Industries Private Limited is audited by BIMAL R. MEHTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BIMAL R. MEHTA & ASSOCIATES | FY 2023 | 114268W |
Shareholding
The shareholding of Connectwell Industries 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 Connectwell Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2024 | 100980571 | Others | ₹1 Cr | Open | |
| 19 Jul 2024 | 100954644 | Others | ₹10 Cr | Open | |
| 04 Mar 2024 | 100891184 | Citi Bank N.A. | ₹25 Cr | Open | |
| 04 Jan 2024 | 100869409 | Citi Bank N.A. | ₹4.8 Cr | Open | |
| 06 Apr 2023 | 100708201 | Citi Bank N.A. | ₹18 Cr | Open |
To see the full charge records of Connectwell Industries Private Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Connectwell Industries Private Limited has 8 deals on record (4 rights issues, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹7.5 Cr; the latest was in March 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Rights issue | ₹4.55 Cr | Investors: Controlwell India Private Limited, Connectwell India Private Limited |
| Dec 2018 | Rights issue | ₹4.25 Cr | Investors: Controlwell India Private Limited, Connectwell India Private Limited |
| Mar 2018 | Rights issue | ₹19.38 Cr | Investors: Controlwell India Private Limited, Connectwell India Private Limited , 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Moraj Realty Private Limited Seller: Raaj Food Products Private Limited |
| Mar 2008 | Funding round | ₹7.5 Cr | Investors: Connectwell India Private Limited , Vijay G Saheta (Huf), 2 individuals |
To see the full deal history of Connectwell Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Connectwell Industries Private Limited has 11 court cases on record: 7 filed by Connectwell Industries, 4 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 1 |
| High courts | 5 | 2 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Vodafone Idea Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Cyberscape Multimedia Limited Represented by Rraj Singh and 1 other | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed by the company against The Power Cube Electro Controls Pvt. Ltd. Other 3 and 3 others | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Deputy Commissioner of Income - Tax, Central Circle - 5( and 4 others | Disposed |
To see the full case history of Connectwell Industries 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.
Credit ratings & regulatory alerts
Connectwell Industries Private Limited was last rated by Crisil on 03 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Dec 2020 |
To see the full credit ratings and regulatory alerts of Connectwell Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Connectwell Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Connectwell Industries Private Limited has a workforce of 299 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Connectwell Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC4125D1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Connectwell Industries Private Limited, buy the company report.
Recent activity
Connectwell Industries Private Limited has 8 board changes on record since 1997: 5 appointments and 3 cessations. The latest: Sandeep Vijay Saheta ceased to be Director on 30 Mar 2023.
73 earlier events are in the company report.
Frequently asked questions
Connectwell Industries is an active private limited company based in Kalyan, Maharashtra, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 28 January 1997 (29+ years old) and is registered under CIN U30000MH1997PTC105433.
Connectwell Industries has 5 current directors:
- Sandeep Vijay Saheta - Managing Director
- Vijay Girdharilal Saheta - Whole-Time Director
- Preeti Mohan Gurnani - Director
- Mohanlal Thakurdas Gurnani - Director
- Jiten Vijay Saheta - Director
The latest financial statements of Connectwell Industries 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 Connectwell Industries is 27AAACC4125D1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Connectwell Industries is U30000MH1997PTC105433. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Connectwell Industries has 11 court cases on record: 7 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Connectwell Industries was incorporated on 28 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Connectwell Industries has 8 deals on record (4 rights issues, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹7.5 Cr; the latest was in March 2024.
The peers of Connectwell Industries by revenue are D B Machine Tools Private Limited, Cosmos Impex (India) Pvt Ltd, Gupta Machine Tools Private Limited, Batliboi Limited, Pragati Automation Private Limited and 1 more, all in the Machinery and Equipment industry (Machine Tools), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sandeep Vijay Saheta ceased to be Director on 30 Mar 2023. Preeti Mohan Gurnani ceased to be Additional Director on 29 Sep 2015. Preeti Mohan Gurnani was appointed as Director on 18 May 2015. Connectwell Industries has 8 board changes on record in total.
Connectwell Industries can be reached through the website connectwell.com. Its registered office is in Kalyan, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
