About Elecon Energy Solutions Private Limited
Data last updated:
Elecon Energy Solutions Private Limited is a private limited company based in Dombivali, Maharashtra, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 22 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC304562. Its GSTIN is 27AAECE9179P1ZP (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50,000 and a paid-up capital of ₹50,000. It is led by directors Vinesh Kamlakar Raorane and Rashmi Rajesh Rajguru.
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 W – 12 II Phase Sonarpada M.I.D.C. Dombivali (East) 421201., Maharashtra, India – 421201.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.03 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹37.89 Lakh (net margin 9.4%) and EBITDA of ₹53.49 Lakh (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 27% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.88 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 6 cases are pending.
For more details, the company can be reached via its website eleconenergysolutions.com.
Company details
Contact details
Elecon Energy Solutions Private Limited's registered office is in Dombivali, Maharashtra. Its website is eleconenergysolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressW – 12 II Phase Sonarpada M.I.D.C. Dombivali (East) 421201., Maharashtra, India – 421201
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Elecon Energy Solutions 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
Financials of Elecon Energy Solutions Private Limited
FY 2024 filings availableElecon Energy Solutions Private Limited reported revenue of ₹4.03 Cr (up 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 19% growth in the latest year. EBITDA rose 23% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹53.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37.89 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | ||||
| Net Profit Margin | 9.4% | ||||
| 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 Elecon Energy Solutions Private Limited, buy the company report.
Board of directors of Elecon Energy Solutions Private Limited
Elecon Energy Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinesh Kamlakar Raorane | Director | 18 Jul 2023 | 3 Years 3 Months | Current |
| Rashmi Rajesh Rajguru | Director | 22 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Elecon Energy Solutions Private Limited is audited by SHRIPAD VASUDEV KULKARNI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHRIPAD VASUDEV KULKARNI | FY 2023 | 117727 |
Shareholding
The shareholding of Elecon Energy Solutions 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 Elecon Energy Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Nov 2023 | 100872542 | Others | ₹1.65 Cr | Open | |
| 01 Jul 2021 | 100457332 | Axis Bank Limited | ₹23.41 Lakh | Open |
To see the full charge records of Elecon Energy Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Elecon Energy Solutions Private Limited has 12 court cases on record: 5 filed by Elecon Energy Solutions, 7 filed against it. 6 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 2 |
| NCLAT | 4 | 4 | 4 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against M/S. Pravin Electricals Pvt Ltd and Others and 2 others | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against M/Spravin Electricals Pvt.Ltd Other and 2 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Elecon Energy Solutions 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 Elecon Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elecon Energy Solutions Private Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Elecon Energy Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE9179P1ZP | Maharashtra | Active | 06 Feb 2018 |
| 30AAECE9179P1Z2 | Goa | Active | 30 Mar 2023 |
To see the full GST registrations and return filing status of Elecon Energy Solutions Private Limited, buy the company report.
Recent activity
Elecon Energy Solutions Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Vinesh Kamlakar Raorane was appointed as Director on 18 Jul 2023.
Frequently asked questions
Elecon Energy Solutions is an active private limited company based in Dombivali, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 22 January 2018 (8+ years old) and is registered under CIN U74999MH2018PTC304562.
Elecon Energy Solutions has 2 current directors:
- Vinesh Kamlakar Raorane - Director
- Rashmi Rajesh Rajguru - Director
The latest financial statements of Elecon Energy Solutions 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 2018 are in the company report.
The GSTIN of Elecon Energy Solutions is 27AAECE9179P1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAECE9179P1Z2 (Goa).
The CIN (Corporate Identification Number) of Elecon Energy Solutions is U74999MH2018PTC304562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elecon Energy Solutions has 12 court cases on record: 5 filed by the company and 7 filed against it. 6 are pending. Most are in the district courts.
Elecon Energy Solutions was incorporated on 22 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Vinesh Kamlakar Raorane was appointed as Director on 18 Jul 2023. Abbhijet Ghag ceased to be Director on 21 Apr 2023. Rashmi Rajesh Rajguru was appointed as Director on 22 Jan 2018.
Elecon Energy Solutions can be reached through the website eleconenergysolutions.com. Its registered office is in Dombivali, Maharashtra, India.
The registered office of Elecon Energy Solutions is at W – 12 II Phase Sonarpada M.I.D.C. Dombivali East 421201., Maharashtra, India – 421201.