MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-03-0000571
Elecon Peripherals Limited - automotive in Vallabh Vidyanagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹55.42 Cr
▲ 18% YoY
Net profit · FY 2025
₹2.54 Cr
Net margin 4.6%
EBITDA · FY 2025
₹3.83 Cr
EBITDA margin 6.9%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Open charges
₹4.21 Cr
Satisfied ₹15.25 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
29
Provident fund records
About Elecon Peripherals Limited
Data last updated:
Elecon Peripherals Limited is a public limited company based in Vallabh Vidyanagar, Gujarat, India, a subsidiary of Aakaaish Investments Private Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 08 June 1998 and has been in existence for over 28 years.
Its director Prayasvin B Patel and family are #540 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29224GJ1998PLC034233. Its GSTIN is 24AABCR1022K1ZT (Gujarat).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹10,000. It was formerly known as Ringspann Elecon (India) Limited. It is led by directors including Dineshbhai Manubhai Patel and Ravin Ramanlal Shah.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Anand – Sojitra Road, Vallabh Vidyanagar, Gujarat, India – 388120.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.42 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.54 Cr (net margin 4.6%) and EBITDA of ₹3.83 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 18% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Elecon. As per MCA filings, the company has open charges of ₹4.21 Cr and satisfied charges of ₹15.25 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
Elecon Peripherals Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-03-0000571). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website emtici.co.in.
Company details
CIN U29224GJ1998PLC034233
Registration Number 034233
Incorporation Date 08 June 1998
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Aakaaish Investments Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-03-0000571
Key People
Koshali Patel Additional Director Dineshbhai Manubhai Patel Director Ravin Ramanlal Shah Director Recognitions & Rankings of Elecon Peripherals
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #540 Prayasvin B Patel & family ₹6,300 Cr
Contact details
Elecon Peripherals Limited's registered office is in Vallabh Vidyanagar, Gujarat. Its website is emtici.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAnand – Sojitra Road, Vallabh Vidyanagar, Gujarat, India – 388120
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Elecon Peripherals Limited, buy the company report.
Comprehensive company report
Elecon Peripherals 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
Elecon Peripherals operates one associated brand: Elecon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial geared motors, material handling, and mining equipment are manufactured. | elecon.com |
Business activity
The main business activity of Elecon Peripherals 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 Elecon Peripherals Limited, buy the company report.
Financials of Elecon Peripherals Limited
FY 2025 filings availableElecon Peripherals Limited reported revenue of ₹55.42 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹55.42 Cr ▲ 18%
Net profit · FY 2025
₹2.54 Cr margin 4.6%
EBITDA · FY 2025
₹3.83 Cr margin 6.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 31%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 58%
3 years · compounded
▲ 19%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 18% growth in the latest year. EBITDA fell 58% 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 | ₹3.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.54 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 | 6.9% | ||||
| Net Profit Margin | 4.6% | ||||
| 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 Peripherals Limited, buy the company report.
Board of directors of Elecon Peripherals Limited
Elecon Peripherals has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koshali Patel | Additional Director | 05 Apr 2024 | 2 Years 7 Months | Current |
| Dineshbhai Manubhai Patel Also directs: Prayas Engineering Limited, Eimco Elecon Electricals Limited, Power Build Private Limited and 1 more | Director | 30 Jan 2006 | 20 Years 9 Months | Current |
| Ravin Ramanlal Shah Also directs: Emtici Marketing LLP, Prayas Engineering Limited, Elecon Hydraulics Private Limited and 5 more | Director | 01 Jun 2020 | 6 Years 5 Months | Current |
| Prayasvin Patel Also directs: Emtici Marketing LLP, Alemonia Life Sciences Limited Liability Partnership, Eimco Elecon (India ) Limited and 5 more | Director | 02 Aug 2011 | 15 Years 3 Months | Current |
Peer comparison
Elecon Peripherals Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products 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 |
|---|---|---|---|---|---|---|
| M M Industrial Controls Private Limited | ₹55.66 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Vitech Heavy Equipments Private Limited | ₹55.58 Cr (FY 2024) | -30.0% | Navi Mumbai, Maharashtra, India | |||
| Ecoclean Machines Private Limited | ₹55.47 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Newage Fire Solutions Private Limited | ₹55.45 Cr (FY 2025) | 29.0% | Surendranagar, Gujarat, India | |||
| Elecon Peripherals Limitedthis company | ₹55.42 Cr (FY 2025) | ₹2.54 Cr | 4.6% | 18.0% | 29 | Vallabh Vidyanagar, Gujarat, India |
To see the full peer comparison of Elecon Peripherals Limited, buy the company report.
Auditor
Elecon Peripherals Limited is audited by TALATI & TALATI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TALATI & TALATI | FY 2023 | 110758W |
Shareholding
The shareholding of Elecon Peripherals Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Elecon Peripherals Limited, buy the company report.
Charges & borrowings
Open charges
₹4.21 Cr
Satisfied charges
₹15.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2025 | 101094359 | State Bank of India | ₹4.21 Cr | Satisfied | |
| 21 Mar 2016 | 100017944 | Axis Bank Limited | ₹3.5 Cr | Satisfied | |
| 04 Dec 2009 | 10197226 | State Bank of India | ₹3.17 Cr | Satisfied | |
| 28 Feb 2005 | 90107070 | State Bank of Saurashtra | ₹50 Lakh | Satisfied | |
| 27 Nov 2003 | 90105306 | Axis Bank Limited | ₹3.63 Cr | Satisfied |
To see the full charge records of Elecon Peripherals Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Elecon Peripherals Limited has 5 court cases on record: 3 filed by Elecon Peripherals, 2 filed against it. All cases are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Ringspann GMBH | Disposed |
| District court, Anand, Gujarat | Court case (CMA DC) | Filed against the company by Ringspann GMB H A Limited Liability Company Registered Under the Law of Ger | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Ringspann GMBH | Disposed |
| District court, Anand, Gujarat | Court case (CMA DC) | Filed by the company against Ringspann GMBH | Disposed |
To see the full case history of Elecon Peripherals 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
Elecon Peripherals Limited has 23 MSME Form 1 returns on record between 2017 and 2024, listing 7,284 overdue payments to 93 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 93)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shrirang Sales Corporation | |||
| Avinash Cargo Private Limited | |||
| an individual supplier | |||
| Soul Electric Private Limited | |||
| Sheetal Wireless Technologies Private Limited |
To see the full MSME payment records of Elecon Peripherals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Elecon Peripherals Limited has a workforce of 29 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
-12.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 29 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Elecon Peripherals Limited, buy the company report.
GST
Elecon Peripherals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCR1022K1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elecon Peripherals Limited, buy the company report.
Recent activity
Elecon Peripherals Limited has 10 board changes on record since 2006: 4 appointments and 6 cessations. The latest: Koshali Patel ceased to be Additional Director on 01 Jun 2024.
Charges
A charge registered on 23 Apr 2025 via Charge ID 101094359 with State Bank Of India was fully satisfied on 30 Oct 2025.
AGM
Elecon Peripherals Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 4.21 Cr with Charge ID 101094359 was registered on 23 Apr 2025.
Filing
Elecon Peripherals Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Koshali Patel ceased to be Additional Director.
Appointed
Koshali Patel was appointed as Additional Director.
Charges
A charge registered on 21 Mar 2016 via Charge ID 100017944 with Axis Bank Limited was fully satisfied on 15 Dec 2021.
Ceased
Ravin Ramanlal Shah ceased to be Additional Director.
Ceased
Prashant Chandrakant Amin ceased to be Director.
Appointed
Ravin Ramanlal Shah was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.50 Cr with Charge ID 100017944 was registered on 21 Mar 2016.
Charges
A charge registered on 06 Apr 2002 via Charge ID 90105153 with Bank Of Baroda was fully satisfied on 30 Sep 2014.
14 earlier events are in the company report.
Frequently asked questions
Elecon Peripherals is an active public limited company based in Vallabh Vidyanagar, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 08 June 1998 (28+ years old) and is registered under CIN U29224GJ1998PLC034233.
Elecon Peripherals has 4 current directors:
- Koshali Patel - Additional Director
- Dineshbhai Manubhai Patel - Director
- Ravin Ramanlal Shah - Director
- Prayasvin Patel - Director
The latest financial statements of Elecon Peripherals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elecon Peripherals is 24AABCR1022K1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Elecon Peripherals is U29224GJ1998PLC034233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elecon Peripherals has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the district courts.
Elecon Peripherals was incorporated on 08 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Elecon Peripherals by revenue are M M Industrial Controls Private Limited, Vitech Heavy Equipments Private Limited, Ecoclean Machines Private Limited, Newage Fire Solutions Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Koshali Patel ceased to be Additional Director on 01 Jun 2024. Koshali Patel was appointed as Additional Director on 05 Apr 2024. Ravin Ramanlal Shah ceased to be Additional Director on 23 Nov 2020. Elecon Peripherals has 10 board changes on record in total.
Yes, Elecon Peripherals is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-03-0000571).
Elecon Peripherals has 23 MSME Form 1 returns on record between 2017 and 2024, listing 7,284 overdue payments to 93 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Elecon Peripherals can be reached through the website emtici.co.in. Its registered office is in Vallabh Vidyanagar, Gujarat, India.
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