India's Richest People 2026 edition · 1 director · Source: Hurun India
- #437 Rakesh Ramanlal Shah & family ₹8,200 Cr
Revenue · FY 2025
₹667.39 Cr
▲ 637% YoY
Net loss · FY 2025
₹10 Cr
Net margin -1.5%
EBITDA · FY 2025
-₹3.24 Cr
EBITDA margin -0.5%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹17 Cr
Issued & subscribed
Open charges
₹90.6 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
36
Provident fund records
About Electrify Energy Private Limited
Data last updated:
Electrify Energy Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Gsec Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 16 September 2020 and has been in existence for over 6 years.
Its director Rakesh Ramanlal Shah and family are #437 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31904GJ2020PTC116562. Its GSTIN is 24AAGCE0969H1ZM (Gujarat).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹17 Cr. It is led by directors including Tanuj Marut Shah (Whole-Time Director) and Rakesh Ramanlal Shah.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 484/1 2nd Floor Gujarat Chamber Of Com Ranchhodlal Marg Navarangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹667.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10 Cr (net margin -1.5%) and EBITDA of -₹3.24 Cr (EBITDA margin -0.5%). Revenue has grown at a compounded annual rate (CAGR) of 207% over three years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Electrify Energy. As per MCA filings, the company has open charges of ₹90.6 Cr on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹7 Cr; the latest was in March 2022.
For more details, the company can be reached via its website electrifyenergy.co.in.
Company details
CIN U31904GJ2020PTC116562
Registration Number 116562
Incorporation Date 16 September 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Gsec Limited
Key People
Tanuj Marut Shah Whole-Time Director Rajesh Rasiklal Bhansali Cfo Rakesh Ramanlal Shah Director Recognitions & Rankings of Electrify Energy
Contact details
Electrify Energy Private Limited's registered office is in Ahmedabad, Gujarat. Its website is electrifyenergy.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address484/1 2nd Floor Gujarat Chamber Of Com Ranchhodlal Marg Navarangpura, Ahmedabad, Gujarat, India – 380009
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Electrify Energy Private Limited, buy the company report.
Comprehensive company report
Electrify Energy 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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Brands
Electrify Energy operates one associated brand: Electrify Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers smart meters for energy tracking, cost savings, and automated readings in residential and commercial sectors. | electrifyenergy.co.in |
Business activity
The main business activities of Electrify Energy are trade and manufacturing. In detail, this covers wholesale trading and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Electrify Energy Private Limited, buy the company report.
Financials of Electrify Energy Private Limited
FY 2025 filings availableElectrify Energy Private Limited reported revenue of ₹667.39 Cr (up 637% YoY) for FY 2025.
Revenue · FY 2025
₹667.39 Cr ▲ 637%
Net loss · FY 2025
₹10 Cr margin -1.5%
EBITDA · FY 2025
-₹3.24 Cr margin -0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 637%
3 years · compounded
▲ 207%
EBITDA CAGR growth
1 year
▼ 132%
Revenue has grown at a compounded annual rate (CAGR) of 207% over three years, including 637% growth in the latest year. EBITDA fell 132% 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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| EBITDA | -₹3.24 Cr | ||||
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| Net Profit (PAT) | -₹10 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -1.5% | ||||
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To see the full financial statements and ratios of Electrify Energy Private Limited, buy the company report.
Board of directors and KMP of Electrify Energy Private Limited
Electrify Energy Private Limited currently reports 4 directors and 1 key managerial person. 4 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Ramanlal Shah Also directs: Novagreens Realities LLP, Imp Powers Limited, Smartmeters Technologies Private Limited and 5 more | Director | 16 Sep 2020 | 6 Years 1 Months | Current |
| Shaishav Rakeshkumar Shah Also directs: Vishwa Imports LLP, Raisin Hospitality LLP, Securemax Consultancy Services LLP and 5 more | Director | 16 Sep 2020 | 6 Years 1 Months | Current |
| Tanuj Marut Shah Also directs: Imp Powers Limited | Whole-Time Director | 26 Mar 2021 | 5 Years 7 Months | Current |
| Rajesh Rasiklal Bhansali Also directs: Vishwa Imports LLP, Nextphase Transformers LLP, Grade Mining Private Limited and 5 more | Cfo | 05 Oct 2024 | 2 Years 0 Months | Current |
| Rajeev Kumar | Director | 06 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Electrify Energy Private Limited is audited by MBD & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MBD & Co LLP | FY 2021 | 135129w |
Shareholding
The shareholding of Electrify Energy Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Electrify Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90.6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2024 | 100920958 | State Bank of India | ₹45.3 Cr | Open | |
| 23 Feb 2024 | 100884442 | State Bank of India | ₹45.3 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Electrify Energy Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹7 Cr; the latest was in March 2022.
Total deals
1
Funding round
1
Disclosed funding
₹7 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹7 Cr | Investors: Milestone Tradelinks Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Electrify Energy Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Electrify Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Electrify Energy Private Limited has a workforce of 36 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
44%
GST
Electrify Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCE0969H1ZM | Gujarat | Active | 01 Jan 2021 |
To see the full GST registrations and return filing status of Electrify Energy Private Limited, buy the company report.
Recent activity
Electrify Energy Private Limited has 9 board changes on record since 2020: 7 appointments and 2 cessations. The latest: Rajesh Rasiklal Bhansali was appointed as CFO on 05 Oct 2024.
AGM
Electrify Energy Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Electrify Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Rajesh Rasiklal Bhansali was appointed as CFO.
Charges
A charge with State Bank Of India amounted to Rs. 45.30 Cr with Charge ID 100920958 was registered on 06 May 2024.
Ceased
Dinesh Chhabildas Shah ceased to be CFO.
Charges
A charge with State Bank Of India amounted to Rs. 45.30 Cr with Charge ID 100884442 was registered on 23 Feb 2024.
Ceased
Darshil Hemendrakumar Shah ceased to be Company Secretary.
Appointed
Rajeev Kumar was appointed as Director.
Appointed
Darshil Hemendrakumar Shah was appointed as Company Secretary.
Appointed
Dinesh Chhabildas Shah was appointed as CFO.
Appointed
Tanuj Marut Shah was appointed as Whole-Time Director.
Appointed
Rakesh Ramanlal Shah was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Electrify Energy is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 16 September 2020 (6+ years old) and is registered under CIN U31904GJ2020PTC116562.
Electrify Energy has 5 current directors and KMP:
- Tanuj Marut Shah - Whole-Time Director
- Rakesh Ramanlal Shah - Director
- Shaishav Rakeshkumar Shah - Director
- Rajeev Kumar - Director
- Rajesh Rasiklal Bhansali - Cfo
The latest financial statements of Electrify Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Electrify Energy is 24AAGCE0969H1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Electrify Energy is U31904GJ2020PTC116562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Electrify Energy was incorporated on 16 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Electrify Energy has 1 deal on record (1 funding round), with disclosed funding of ₹7 Cr; the latest was in March 2022.
Rajesh Rasiklal Bhansali was appointed as CFO on 05 Oct 2024. Dinesh Chhabildas Shah ceased to be CFO on 01 May 2024. Darshil Hemendrakumar Shah ceased to be Company Secretary on 15 Jul 2023. Electrify Energy has 9 board changes on record in total.
Electrify Energy can be reached through the website electrifyenergy.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Electrify Energy is at 4841 2nd Floor Gujarat Chamber Of Com Ranchhodlal Marg Navarangpura, Ahmedabad, Gujarat, India – 380009.