About Electro Force (India) Limited
Data last updated:
Electro Force (India) Limited is a public limited company based in Thane, Maharashtra, India, a subsidiary of Ayesspea Holdings And Investments Private Limited. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2010PLC204214. Its GSTIN is 27AACCE4328E1ZX (Maharashtra).
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹23.4 Cr. It is led by directors including Saideep Shantaram Bagale (Whole-Time Director) and Krishnakumar Laxman Bangera.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 39/5 Mauje Waliv Vasai (East), Thane, Maharashtra, India – 401208.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.33 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 2.4%) and EBITDA of ₹2.3 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 27% over five years.
The company is associated with 1 brand: Electroforce India. As per MCA filings, the company has satisfied charges of ₹14.65 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website electroforceindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address39/5 Mauje Waliv Vasai (East), Thane, Maharashtra, India – 401208
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
CIN History of Electro Force (India) Limited
Electro Force (India) has one previous CIN (Corporate Identification Number): U51909MH2010PTC204214. The current CIN is U51909MH2010PLC204214, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909MH2010PLC204214 | Current |
| U51909MH2010PTC204214 | Previous |
Associated Brands with Electro Force (India) Limited
Electro Force (India) operates one associated brand: Electroforce India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precision metal stamping and prototyping for electrical solutions are offered. | electroforceindia.com |
Business Activity of Electro Force (India) Limited
The main business activity of Electro Force (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Electro Force (India) Limited
Electro Force (India) Limited is audited by Mittal Agarwal & Company for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mittal Agarwal & Company | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Electro Force (India) Limited
Electro Force (India) has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnakumar Laxman Bangera Also directs: Garuda Construction and Engineering Limited, Artemis Electricals and Projects Limited, Electro Force (India) Limited and 2 more | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Arvind Sharma Also directs: Electro Force (India) Limited | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
| Saideep Shantaram Bagale | Whole-Time Director | 30 Mar 2023 | 3 Years 6 Months | Current |
| Priyanka Yadav Also directs: Artemis Electricals and Projects Limited, PKH Ventures Limited, Legalstick Consultancy LLP and 2 more | Director | 30 Mar 2023 | 3 Years 6 Months | Current |
| Santosh Kumar Palaria Also directs: Electro Force (India) Limited, Garuda Consumer Ventures Limited, Rudraksha Landscapes Private Limited and 5 more | Director | 30 Mar 2023 | 3 Years 6 Months | Current |
| Rudolf John Corriea Also directs: Electro Force (India) Limited, PKH Ventures Limited, Golden Chariot Organics Pharma (India) Private Limited and 5 more | Director | 01 Oct 2025 | 1 Years 0 Months | Current |
Financials of Electro Force (India) Limited FY 2024 filings available
Electro Force (India) Limited reported revenue of ₹53.33 Cr (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Electro Force (India) Limited
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 46% growth in the latest year. EBITDA fell 73% 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 of Electro Force (India) Limited
| 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 | ₹2.3 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.28 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 of Electro Force (India) Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Electro Force (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Electro Force (India) Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Electro Force (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2010 | The Federal Bank Limited | ₹14.65 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Electro Force (India) Limited
Employment history and EPFO contributions of people linked to Electro Force (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Electro Force (India) Limited
Electro Force (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE4328E1ZX | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Electro Force (India) Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Electro Force (India) Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Electro Force (India) Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Electro Force (India) Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Electro Force (India) Limited
Frequently Asked Questions about Electro Force (India) Limited
Electro Force (India) is an active public limited company based in Thane, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 June 2010 (16+ years old) and is registered under CIN U51909MH2010PLC204214.
Electro Force (India) reported revenue of ₹53.33 Cr for FY 2025 (up 46% YoY).
Electro Force (India) has 6 current directors:
- Saideep Shantaram Bagale - Whole-Time Director
- Krishnakumar Laxman Bangera - Director
- Arvind Sharma - Director
- Priyanka Yadav - Director
- Santosh Kumar Palaria - Director
- Rudolf John Corriea - Director
Electro Force (India) reported a net profit of ₹1.28 Cr (net margin 2.4%) and EBITDA of ₹2.3 Cr (EBITDA margin 4.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Electro Force (India) is 16% over three years and 27% over five years. In the latest year (FY 2025) revenue rose 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Electro Force (India) is 27AACCE4328E1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Electro Force (India) is U51909MH2010PLC204214. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Electro Force (India) was incorporated on 14 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Electro Force (India) can be reached through the website electroforceindia.com. Its registered office is in Thane, Maharashtra, India.