About Electek Solutions Private Limited
Data last updated:
Electek Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 November 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2005PTC157338. Its GSTIN is 27AABCE7277M1Z3 (Maharashtra).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Heena Shailesh Chheda and Nippun Shailesh Chheda.
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 was at #22 Damji Shamji Industrial Premises Mahal Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.17 Lakh, a growth of 57% compared to the previous year. For the same year it recorded a net loss of ₹7 Lakh (net margin -11.5%) and EBITDA of -₹5.14 Lakh (EBITDA margin -8.4%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 14% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹30 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is electeksolutions.com.
Company details
Contact details
Electek Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is electeksolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#22 Damji Shamji Industrial Premises Mahal Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Electek 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
Business activity
The main business activity of Electek Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Electek Solutions Private Limited, buy the company report.
Financials of Electek Solutions Private Limited
FY 2024 filings availableElectek Solutions Private Limited reported revenue of ₹61.17 Lakh (up 57% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 57% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA fell 241% 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 |
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| EBITDA | -₹5.14 Lakh | ||||
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| Net Profit (PAT) | -₹7 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -8.4% | ||||
| Net Profit Margin | -11.5% | ||||
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To see the full financial statements and ratios of Electek Solutions Private Limited, buy the company report.
Board of directors of Electek Solutions Private Limited
Electek Solutions has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Heena Shailesh Chheda | Director | 03 Jun 2019 | 7 Years 4 Months | As last reported |
| Nippun Shailesh Chheda | Director | 10 Jan 2017 | 9 Years 9 Months | As last reported |
Peer comparison
Electek Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Long Life Perfect Solutions Private Limited (OPC) | ₹61.35 Lakh (FY 2022) | Patna, Bihar, India | ||||
| Raja Electronics and Services Private Limited | ₹61.29 Lakh (FY 2018) | -76.0% | Off M.G. Road, Pune-411001, Maharashtra, India | |||
| Electek Solutions Private Limitedthis company | ₹61.17 Lakh (FY 2024) | -₹7 Lakh | -11.5% | 57.0% | 6 | Mumbai, Maharashtra, India |
| Modern Archiinfrastructure Private Limited | ₹61.15 Lakh (FY 2025) | -44.0% | New Delhi, Delhi, India | |||
| Angler Industries India Private Limited | ₹61.11 Lakh (FY 2020) | Surat, Gujarat, India |
To see the full peer comparison of Electek Solutions Private Limited, buy the company report.
Auditor
Electek Solutions Private Limited is audited by Uday Pasad for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Uday Pasad | FY 2023 | 046581 |
Shareholding
The shareholding of Electek 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 Electek Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jun 2020 | 100370406 | Others | ₹10 Lakh | Satisfied | |
| 31 Oct 2018 | 100216273 | Others | ₹20 Lakh | Satisfied |
To see the full charge records of Electek Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Electek Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Sun Electronics Private Limited | Disposed |
To see the full case history of Electek 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 Electek Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Electek Solutions Private Limited has a workforce of 6 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Electek Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE7277M1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Electek Solutions Private Limited, buy the company report.
Recent activity
Electek Solutions Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Sameer Mulchand Gada ceased to be Director on 01 Nov 2019.
4 earlier events are in the company report.
Frequently asked questions
Electek Solutions has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Electek Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 November 2005 and is registered under CIN U51909MH2005PTC157338. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Electek Solutions is U51909MH2005PTC157338. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Electek Solutions had 2 directors:
- Heena Shailesh Chheda - Director
- Nippun Shailesh Chheda - Director
Electek Solutions was incorporated on 16 November 2005. It is registered with the Registrar of Companies, Mumbai.
Electek Solutions can be reached through the website electeksolutions.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Electek Solutions is at #22 Damji Shamji Industrial Premises Mahal Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400093.
The latest financial statements of Electek 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 2015 are in the company report.
The GSTIN of Electek Solutions is 27AABCE7277M1Z3, registered in Maharashtra.
Electek Solutions operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
The peers of Electek Solutions by revenue are Long Life Perfect Solutions Private Limited (OPC), Raja Electronics and Services Private Limited, Modern Archiinfrastructure Private Limited, Angler Industries India Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).