Electrotherm (India) Limited - Company Profile

Q: Who are the current directors of Electrotherm (India) Limited?

The current directors of Electrotherm (India) Limited are Tushar Kantilal Jani, Fageshkumar Rameshbhai Soni, Pratap Mohan, Nivedita Ravindra Sarda, Suraj Shailesh Bhandari, Shailesh Bhanwarlal Bhandari, Dinesh Shankar Mukati, Harish Mukati, Amit Patwarika.

It is a machinery and equipment public limited company based in Ahmadabad City, Gujarat, India, established in 1986.

1986 Ahmadabad City, Gujarat, India Active

Last Updated: December 17, 2025

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About Electrotherm (India) Limited

Electrotherm (India) Limited, a active public limited company, was established on 29 October 1986 in Ahmadabad City, Gujarat, India. Engaging in process machinery & industrial equipment within the manufacturing sector, it holds CIN: L29249GJ1986PLC009126. Registered under ROC Roc Ahmedabad. it is listed on BSE: 526608 and NSE: ELECTHERM. It has an authorized capital of ₹78.59 Cr and a paid-up capital of ₹24.74 Cr.

Formerly known as Foremost Chemicals Limited. It upholds a compliant status. Employing 1,028 professional, Its leadership includes Tushar Kantilal Jani (Whole-Time Director), Pratap Mohan (Director), Nivedita Ravindra Sarda (Director). Past directors included Aditya Munalal Jain, Chaitanyapratap Harish Sharma, Sheetal Manhas Raghuveersingh. It holds ₹4,624.66 Cr open charges and ₹3,824.94 Cr settled loans. Its latest AGM occurred on 10 September 2025, with the balance sheet filed on 31 March 2025. It is based at 502, Parshwa Tower, Opp. Tej Motors, Nr. Madhur Hotel, Sarkhej Gandhinagar Highway, Ahmadabad City, Gujarat, 380054.

Company Details

CIN/LLPIN
L29249GJ1986PLC009126
Registration Number
009126
Incorporation Date
29 October 1986
Authorized Capital
₹78.59 Cr
Paid-Up Capital
₹24.74 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 526608, NSE: ELECTHERM)
Company Status
Active

Key Metrics

Authorised Capital ₹ 78.59 Cr as on 17-12-2025
Paid Up Capital ₹ 24.74 Cr as on 17-12-2025
Company Age 39 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 4,624.66 Cr as on 17-12-2025
Satisfied Charges ₹ 3,824.94 Cr as on 17-12-2025
Revenue Growth **** -3.58% (FY 2025)
Profit Growth **** 34.18% (FY 2025)
Ebitda **** -11.45% (FY 2025)
Net Worth 84.29% (FY 2025)
Total Assets **** 5.37% (FY 2025)

Comprehensive Company Insights

Explore comprehensive insights into Electrotherm (India) Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Electrotherm (India) Limited?

Current Directors

Name	Designation	Appointment Date	Status
Tushar Kantilal Jani	Whole-Time Director	10 Apr 2025	Current
Pratap Mohan	Director	05 Sep 2017	Current
Nivedita Ravindra Sarda	Director	25 May 2018	Current
Suraj Shailesh Bhandari	Managing Director	13 Nov 2019	Current
Shailesh Bhanwarlal Bhandari	Person Incharge	13 Nov 2014	Current
Dinesh Shankar Mukati	Director	05 Sep 2017	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	10 Dec 2021	Past
Pramod Abcsdd	Director	17 May 2017	Past
Pramod Abcsdd	Nominee Director	28 Sep 2018	Past
Pramod Abcsdd	Additional Director	05 Sep 2017	Past
Pramod Abcsdd	Additional Director	20 Jun 2008	Past
Pramod Abcsdd	Nominee Director	30 May 2010	Past

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Financial Performance of Electrotherm (India).

Electrotherm (India) Limited, for the financial year ended 2025, experienced Minor drop in revenue, with a 3.58% decrease. The company also saw a substantial improvement in profitability, with a 34.18% increase in profit. The company's net worth Soared by an impressive increase of 84.29%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-3.58%

*******

Revenue from Operations

*******

-3.66%

*******

Total Assets

*******

5.37%

*******

Profit or Loss

*******

34.18%

*******

Net Worth

*******

84.29%

*******

EBITDA

*******

-11.45%

*******

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What is the Ownership and Shareholding Structure of Electrotherm (India)?

In 2024, Electrotherm (India) had a promoter holding of 31.04% and a public holding of 68.96%. The company had 4 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹46,246,600,000.00

Satisfied Charges

₹38,249,369,911.90

Charges Breakdown by Lending Institutions

Others : 3812.59 Cr
Edelweiss Asset Reconstruction Company Limited : 577.07 Cr
Indian Overseas Bank : 200.00 Cr
State Bank Of Indore : 25.00 Cr
Centurion Bank Of Punjab Limited : 10.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
18 Nov 2011	Others	₹200.00 Cr	Open
18 Nov 2011	Indian Overseas Bank	₹100.00 Cr	Open
12 Nov 2011	Edelweiss Asset Reconstruction Company Limited	₹278.47 Cr	Open
24 Oct 2011	Edelweiss Asset Reconstruction Company Limited	₹181.00 Cr	Open
03 Oct 2011	Others	₹54.00 Cr	Open

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How Many Employees Work at Electrotherm (India)?

Electrotherm (India) has a workforce of 1028 employees as of Nov 24, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Electrotherm (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Electrotherm (India)'s trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Electrotherm (India)

Recent Activity within the Organization

Annual General Meeting

Progress on Electrotherm (India) Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records. was documented.
10 Sep 2025
Director Appointment

The activity Tushar Kantilal Jani was appointed as a Whole-time director was appointed as a Whole-time director on 10 Apr 2025 & has been associated with this company since 10 months 6 days . was completed.
10 Apr 2025
Charges

The activity A charge registered on 29 Sep 2011 via Charge ID 10314943 with Invent Assets Securitisation And Reconstruction Private Limited was fully satisfied on 07 Apr 2025. was completed.
07 Apr 2025
Charges

The activity A charge with Others of Rs. 1,036.25 Cr registered on 27 Nov 2008 with Charge ID 10133263 was modified on 07 Apr 2025. was completed.
07 Apr 2025
Charges

The activity A charge with Others of Rs. 180.00 Cr registered on 21 Mar 2008 with Charge ID 10096569 was modified on 07 Apr 2025. was completed.
07 Apr 2025
Charges

Progress on A charge with Others of Rs. 1,036.25 Cr registered on 24 Feb 2006 with Charge ID 80032399 was modified on 07 Apr 2025. was documented.
07 Apr 2025

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