MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-13-0003789
Cormit Elect Projects Private Limited
Cormit Elect Projects Private Limited - engineering in Nagapattinam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.18 Cr
▼ 30% YoY
Net profit · FY 2025
₹5.4 Lakh
Net margin 1.7%
EBITDA · FY 2025
₹30.67 Lakh
EBITDA margin 9.7%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹35.94 Lakh
Issued & subscribed
Open charges
₹75 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
6
Provident fund records
About Cormit Elect Projects Private Limited
Data last updated:
Cormit Elect Projects Private Limited is a private limited company based in Nagapattinam, Tamil Nadu, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 12 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2017PTC114116. Its GSTIN is 33AAGCC7857G1ZI (Tamil Nadu).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35.94 Lakh. It is led by directors including Raja Sivagnanam and Saravanan Sivagnanam.
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 7 A Rvg Nagar Kadambadi, Nagapattinam, Tamil Nadu, India – 611001.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.18 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹5.4 Lakh (net margin 1.7%) and EBITDA of ₹30.67 Lakh (EBITDA margin 9.7%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 4% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹75 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Cormit Elect Projects Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-13-0003789). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999TN2017PTC114116
Registration Number 114116
Incorporation Date 12 January 2017
ROC Chennai
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 Micro
Udyam Registration UDYAM-TN-13-0003789
Key People
Raja Sivagnanam Director Saravanan Sivagnanam Director Sundaram Chinnappan Additional Director Recognitions & Rankings of Cormit Elect Projects
Contact details
Cormit Elect Projects Private Limited's registered office is in Nagapattinam, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7 A Rvg Nagar Kadambadi, Nagapattinam, Tamil Nadu, India – 611001
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Cormit Elect Projects Private Limited, buy the company report.
Comprehensive company report
Cormit Elect Projects 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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Business activity
The main business activity of Cormit Elect Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Cormit Elect Projects Private Limited, buy the company report.
Financials of Cormit Elect Projects Private Limited
FY 2024 filings availableCormit Elect Projects Private Limited reported revenue of ₹3.18 Cr (down 30% YoY) for FY 2025.
Revenue · FY 2025
₹3.18 Cr ▼ 30%
Net profit · FY 2025
₹5.4 Lakh margin 1.7%
EBITDA · FY 2025
₹30.67 Lakh margin 9.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▲ 17%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 21%
5 years · compounded
▲ 26%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 30% fall in the latest year. EBITDA rose 22% 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 |
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹30.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.4 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Cormit Elect Projects Private Limited, buy the company report.
Board of directors of Cormit Elect Projects Private Limited
Cormit Elect Projects has 4 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 |
|---|---|---|---|---|
| Raja Sivagnanam | Director | 12 Jan 2017 | 9 Years 9 Months | Current |
| Saravanan Sivagnanam | Director | 12 Jan 2017 | 9 Years 9 Months | Current |
| Sundaram Chinnappan | Additional Director | 27 Aug 2025 | 1 Years 2 Months | Current |
| Raja Varuna | Additional Director | 27 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Cormit Elect Projects Private Limited is audited by K S KUMARAVELU & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S KUMARAVELU & CO | FY 2023 | 017457S |
Shareholding
The shareholding of Cormit Elect Projects Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cormit Elect Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹75 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2018 | 100211026 | Others | ₹75 Lakh | Open |
To see the full charge records of Cormit Elect Projects Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Cormit Elect Projects Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Cholamandalam Investment and Finance Co. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Cholamandalam Finance and Investment Co Ltd | Disposed |
To see the full case history of Cormit Elect Projects 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 Cormit Elect Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cormit Elect Projects Private Limited has a workforce of 6 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-14.29%
GST
Cormit Elect Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCC7857G1ZI | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cormit Elect Projects Private Limited, buy the company report.
Recent activity
Cormit Elect Projects Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Raja Varuna was appointed as Additional Director on 27 Nov 2025.
Appointed
Raja Varuna was appointed as Additional Director.
Ceased
Raja Sivagnanam ceased to be Director.
Ceased
Saravanan Sivagnanam ceased to be Director.
Appointed
Sundaram Chinnappan was appointed as Additional Director.
Charges
A charge with Others of Rs. 75.00 Lakh registered on 27 Jun 2018 with Charge ID 100211026 was modified on 08 Oct 2024.
AGM
Cormit Elect Projects Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Cormit Elect Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100211026 was registered on 27 Jun 2018.
Appointed
Raja Sivagnanam was appointed as Director.
Appointed
Saravanan Sivagnanam was appointed as Director.
Incorporation
12 Jan 2017
Cormit Elect Projects Private Limited was registered on 12 Jan 2017 with Roc Chennai & aged 9 years 9 months as per MCA records.
Frequently asked questions
Cormit Elect Projects is an active private limited company based in Nagapattinam, Tamil Nadu, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 12 January 2017 (9+ years old) and is registered under CIN U74999TN2017PTC114116.
Cormit Elect Projects has 4 current directors:
- Raja Sivagnanam - Director
- Saravanan Sivagnanam - Director
- Sundaram Chinnappan - Additional Director
- Raja Varuna - Additional Director
The latest financial statements of Cormit Elect Projects 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 FY 2017 are in the company report.
The GSTIN of Cormit Elect Projects is 33AAGCC7857G1ZI, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Cormit Elect Projects is U74999TN2017PTC114116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cormit Elect Projects has 2 court cases on record: 2 filed against it. 1 is pending.
Cormit Elect Projects was incorporated on 12 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Raja Varuna was appointed as Additional Director on 27 Nov 2025. Raja Sivagnanam ceased to be Director on 12 Oct 2025. Saravanan Sivagnanam ceased to be Director on 27 Aug 2025. Cormit Elect Projects has 6 board changes on record in total.
Yes, Cormit Elect Projects is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-13-0003789).
The registered office of Cormit Elect Projects is at 7 A Rvg Nagar Kadambadi, Nagapattinam, Tamil Nadu, India – 611001.
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