About Electrotherm Services Limited
Data last updated:
Electrotherm Services Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Electrotherm (India) Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 30 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ1995PLC064736.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹35 Lakh. It was formerly known as Shree Hans Papers Limited. It is led by directors including Lubna Walia and Sanjay Mansukhlal Joshi.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 1 Skylark Apartment Satellite Road Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.09 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹2.47 Lakh (net margin -118.2%) and EBITDA of -₹1.62 Lakh (EBITDA margin -77.6%).
Court records list 2 cases involving the company. The company has 1 deal on record (1 acquisition); the latest was in May 2010.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website electrotherm.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 1 Skylark Apartment Satellite Road Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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
Financials of Electrotherm Services Limited FY 2025 filings available
Electrotherm Services Limited reported revenue of ₹2.09 Lakh (down 94% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Electrotherm Services Limited
Revenue fell 94% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Electrotherm Services Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.09 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.47 Lakh | •••• | •••• | •••• | •••• |
| 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 Electrotherm Services Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -77.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -118.2% | •••• | •••• | •••• | •••• |
| 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 Electrotherm Services 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.
Auditor Details of Electrotherm Services Limited
Electrotherm Services Limited is audited by Ashok Bhogilal & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ashok Bhogilal & Co. | 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 Electrotherm Services Limited
Electrotherm Services has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lubna Walia Also directs: Shree Ram Electro Cast Limited, Hans Ispat Limited | Director | 27 Jun 2020 | 6 Years 3 Months | Current |
| Sanjay Mansukhlal Joshi Also directs: Shree Ram Electro Cast Limited | Director | 27 Jun 2020 | 6 Years 3 Months | Current |
| Shailesh Bhanwarlal Bhandari Also directs: Electrotherm (India) Limited, Jayshri Petro-Yarn Private Limited, Sun Silicon Solutions Private Limited and 5 more | Director | 01 Jun 2010 | 16 Years 4 Months | Current |
Ownership and Shareholding of Electrotherm Services 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 Electrotherm Services Limited
Electrotherm Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Electrotherm Services Limited
Electrotherm Services Limited has 1 deal on record (1 acquisition); the latest was in May 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2010 | Acquisition | Undisclosed | Buyer: Electrotherm (India) Limited |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Electrotherm Services Limited
Electrotherm Services Limited has 2 court cases on record: 2 where it is another party. All cases are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Company is another party | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Company is another party | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Electrotherm Services Limited
Employment history and EPFO contributions of people linked to Electrotherm Services.
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.
CIN History of Electrotherm Services Limited
Electrotherm Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74110GJ1995PLC064736, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ1995PLC064736 | Current |
| U21012UP1995PLC018949 | Previous |
| U21012GJ1995PLC064736 | Previous |
Recent Activity on Electrotherm Services Limited
Electrotherm Services Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Lubna Walia ceased to be Additional Director on 29 Sep 2020.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Electrotherm Services 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 Electrotherm Services 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 Electrotherm Services 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.
GST Compliance of Electrotherm Services Limited
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.
MCA Filings & Documents of Electrotherm Services 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.
Related news about Electrotherm Services Limited
Frequently Asked Questions about Electrotherm Services Limited
Electrotherm Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 30 October 1995 (31+ years old) and is registered under CIN U74110GJ1995PLC064736.
Electrotherm Services reported revenue of ₹2.09 Lakh for FY 2023 (down 94% YoY).
Electrotherm Services has 3 current directors:
- Lubna Walia - Director
- Sanjay Mansukhlal Joshi - Director
- Shailesh Bhanwarlal Bhandari - Director
Electrotherm Services reported a net loss of ₹2.47 Lakh (net margin -118.2%) and EBITDA of -₹1.62 Lakh (EBITDA margin -77.6%) for FY 2023, as per its filed financial statements.
The CIN (Corporate Identification Number) of Electrotherm Services is U74110GJ1995PLC064736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Electrotherm Services has 2 court cases on record.
Electrotherm Services was incorporated on 30 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Electrotherm Services has 1 deal on record (1 acquisition); the latest was in May 2010.
Lubna Walia ceased to be Additional Director on 29 Sep 2020. Sanjay Mansukhlal Joshi ceased to be Additional Director on 29 Sep 2020. Avinash Prakashchandra Bhandari ceased to be Director on 15 Jul 2020. Electrotherm Services has 14 board changes on record in total.
Electrotherm Services can be reached through the website electrotherm.com. Its registered office is in Ahmedabad, Gujarat, India.