Elektromag Devices Private Limited

Elektromag Devices Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U32108MH1974PTC017610 Incorporated 15 July 1974 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2025
₹148.76 Cr
▲ 2% YoY
Net profit · FY 2025
₹11.46 Cr
Net margin 7.7%
EBITDA · FY 2025
₹24.82 Cr
EBITDA margin 16.7%
Authorised capital
₹6.05 Cr
Registered with MCA
Paid-up capital
₹2.39 Cr
Issued & subscribed
Open charges
₹50.89 Cr
Satisfied ₹9.59 Cr
Company age
52 yrs
Est. 1974
Employees · EPFO
118
Provident fund records

About Elektromag Devices Private Limited

Data last updated:

Elektromag Devices Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 15 July 1974 and has been in existence for over 52 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32108MH1974PTC017610. Its GSTIN is 19AAACE1136G1Z0 (West Bengal). The company holds 7 GST registrations, of which 4 are active.

The company has an authorised share capital of ₹6.05 Cr and a paid-up capital of ₹2.39 Cr. It is led by directors including Gulu Mohansing Advani (Managing Director) and Meena Mohansing Advani.

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 4th Floor Unique Industrial Estate Praphadevi, Mumbai, Maharashtra, India – 400025.

As per the financials filed for FY 2025, the company reported a revenue of ₹148.76 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹11.46 Cr (net margin 7.7%) and EBITDA of ₹24.82 Cr (EBITDA margin 16.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.

The company has about 118 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Elektromag. As per MCA filings, the company has open charges of ₹50.89 Cr and satisfied charges of ₹9.59 Cr on record. Court records list 20 cases involving the company, including 18 filed by the company and 2 filed against it; 3 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹19.1 Lakh; the latest was in December 2023. Its 7 peer companies in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 4 smaller; the largest is Wam India Private Limited with revenue of ₹174.84 Cr. The company has 18 MSME Form 1 returns on record between 2019 and 2024, listing 3,132 overdue payments to 79 micro and small suppliers.

Elektromag Devices Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0005175). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elektromag.com.

Company details

CIN U32108MH1974PTC017610
Registration Number 017610
Incorporation Date 15 July 1974
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0005175
Key People
Gulu Mohansing Advani Managing Director Meena Mohansing Advani Director Navin Moti Advani Director

Recognitions & Rankings of Elektromag Devices

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0005175

Contact details

Elektromag Devices Private Limited's registered office is in Mumbai, Maharashtra. Its website is elektromag.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    elektromag.com
  • Registered Address
    4th Floor Unique Industrial Estate Praphadevi, Mumbai, Maharashtra, India – 400025
  • Industry
    Machinery and Equipment, Material Handling & Storage Equipment

To see the full contact details of Elektromag Devices Private Limited, buy the company report.

Comprehensive company report
Elektromag Devices 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

Elektromag Devices operates one associated brand: Elektromag. Each brand links to its own profile.

BrandDescriptionWebsite
Elektromag
Manufacturing of magnetic equipment and industrial supplies.elektromag.com

Business activity

The main business activity of Elektromag Devices is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Elektromag Devices Private Limited, buy the company report.

Financials of Elektromag Devices Private Limited

FY 2025 filings available

Elektromag Devices Private Limited reported revenue of ₹148.76 Cr (up 2% YoY) for FY 2025.

Revenue · FY 2025
₹148.76 Cr ▲ 2%
Net profit · FY 2025
₹11.46 Cr margin 7.7%
EBITDA · FY 2025
₹24.82 Cr margin 16.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 14%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 14%
5 years · compounded
▲ 14%

Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA rose 9% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹24.82 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹11.46 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin16.7%
Net Profit Margin7.7%
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

To see the full financial statements and ratios of Elektromag Devices Private Limited, buy the company report.

Board of directors of Elektromag Devices Private Limited

Elektromag Devices has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Meena Mohansing AdvaniDirector03 Jul 201412 Years 3 MonthsCurrent
Navin Moti Advani
Also directs: Advani Elektromag Private Limited, Elektromag-Joest Vibration Private Limited
Director28 Sep 198838 Years 1 MonthsCurrent
Kabir Ramesh Advani
Also directs: Advani Elektromag Private Limited, Elektromag-Joest Vibration Private Limited
Director01 Jun 200224 Years 5 MonthsCurrent
Gulu Mohansing Advani
Also directs: Advani Elektromag Private Limited
Managing Director15 Jul 197452 Years 3 MonthsCurrent
Ramesh Mohansing Advani
Also directs: Advani Elektromag Private Limited, Elektromag-Joest Vibration Private Limited
Director21 Jul 197452 Years 3 MonthsCurrent
View all directors

Peer comparison

Elektromag Devices Private Limited is compared with the 7 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Wam India Private Limited₹174.84 Cr (FY 2025)9.0%Shahapur, Maharashtra, India
Rollwell Conveyor Private Limited₹159.01 Cr (FY 2024)21.0%Hindupur, Andhra Pradesh, India
Dinamic Oil India Private Limited₹153.76 Cr (FY 2025)17.0%New Delhi, Delhi, India
Elektromag Devices Private Limitedthis company₹148.76 Cr (FY 2025)₹11.46 Cr7.7%2.0%118Mumbai, Maharashtra, India
Tsubaki Conveyor Systems India Private Limited₹141.65 Cr (FY 2025)14.0%Pune, Maharashtra, India
TRF Limited.₹138.79 Cr (FY 2025)-14.0%Jharkhand, India
Rice Lake Weighing Systems India Limited₹133.88 Cr (FY 2025)-1.0%Mathur Village, Tamil Nadu, India
Black Diamond Track Parts Pvt Ltd₹126.54 Cr (FY 2025)-38.0%Bilaspur, Chhattisgarh, India

To see the full peer comparison of Elektromag Devices Private Limited, buy the company report.

Auditor

Elektromag Devices Private Limited is audited by Gokhale & Sathe for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Gokhale & SatheFY 2023103264W

Shareholding

The shareholding of Elektromag Devices 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Elektromag Devices Private Limited, buy the company report.

Charges & borrowings

Open charges
₹50.89 Cr
Satisfied charges
₹9.59 Cr
Breakdown by lending institutions
State Bank of India₹50.79 Cr
Others₹0.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Dec 2023100845479State Bank of India₹17.25 CrOpen
08 Jul 2022100596426Others₹10 LakhOpen
25 Nov 201010261806State Bank of India₹16.29 CrOpen
08 Apr 198790239206State Bank of India₹17.25 CrOpen
13 Feb 2020100330126Hdfc Bank Limited₹1 CrSatisfied

To see the full charge records of Elektromag Devices Private Limited, buy the company report.

Total charge records: 9 View all charges

Deals & funding

Elektromag Devices Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹19.1 Lakh; the latest was in December 2023.

Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹19.1 Lakh

Deals on record (4 of 4)

WhenDealAmountParties
Dec 2023Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Apr 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2018Funding round₹19.1 LakhInvestors: 4 individuals
Mar 2012Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Elektromag Devices Private Limited has 18 MSME Form 1 returns on record between 2019 and 2024, listing 3,132 overdue payments to 79 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 79)

SupplierAmount dueDue sinceReported on
Esoofali Esmailji Karachiwalla & Co.
an individual supplier
Arabian Petroleum Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Elektromag Devices Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Elektromag Devices has 2 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Joint ventures

Employees & EPFO

Elektromag Devices Private Limited has a workforce of 118 employees on its EPFO records as of Jul 02, 2024, across 3 active EPFO establishments.

Employee count
118
Active EPFO establishments
3
Employee growth
3.51%

GST

Elektromag Devices has 7 GST registrations: 4 active and 3 cancelled or inactive.

Total GSTINs
7
Active
4
Cancelled / inactive
3
GSTINStateStatusRegistered on
19AAACE1136G1Z0West BengalActive01 Aug 2017
29AAACE1136G2ZYKarnatakaActive12 Aug 2017
33AAACE1136G3Z8Tamil NaduActive07 Sep 2017
09AAACE1136G1Z1Uttar PradeshActive06 Mar 2018

To see the full GST registrations and return filing status of Elektromag Devices Private Limited, buy the company report.

Recent activity

Elektromag Devices Private Limited has 9 board changes on record since 1974: 5 appointments and 4 cessations. The latest: Maya Moti Advani ceased to be Director on 28 Oct 2016.

AGM
Elektromag Devices Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Elektromag Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with State Bank Of India of Rs. 17.25 Cr registered on 21 Dec 2023 with Charge ID 100845479 was modified on 19 Mar 2025.
Charges
A charge with State Bank Of India of Rs. 17.25 Cr registered on 08 Apr 1987 with Charge ID 90239206 was modified on 19 Mar 2025.
Charges
A charge registered on 28 Aug 2019 via Charge ID 100287530 with Others was fully satisfied on 30 Aug 2024.
Charges
A charge registered on 19 Aug 2019 via Charge ID 100287362 with Others was fully satisfied on 26 Aug 2024.
Charges
A charge with State Bank Of India amounted to Rs. 17.25 Cr with Charge ID 100845479 was registered on 21 Dec 2023.
Charges
A charge with State Bank Of India of Rs. 16.29 Cr registered on 25 Nov 2010 with Charge ID 10261806 was modified on 18 Dec 2023.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100596426 was registered on 08 Jul 2022.
Charges
A charge registered on 11 Mar 2016 via Charge ID 100017284 with Others was fully satisfied on 27 Oct 2021.
Charges
A charge registered on 13 Feb 2020 via Charge ID 100330126 with Hdfc Bank Limited was fully satisfied on 17 Aug 2021.
Charges
A charge registered on 13 Feb 2020 via Charge ID 100330128 with Hdfc Bank Limited was fully satisfied on 17 Aug 2021.

17 earlier events are in the company report.

Frequently asked questions

Elektromag Devices is an active private limited company based in Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 15 July 1974 (52+ years old) and is registered under CIN U32108MH1974PTC017610.

Elektromag Devices has 5 current directors:

The latest financial statements of Elektromag Devices 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 2015 are in the company report.

The GSTIN of Elektromag Devices is 19AAACE1136G1Z0, registered in West Bengal. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAACE1136G2ZY (Karnataka), 33AAACE1136G3Z8 (Tamil Nadu), 09AAACE1136G1Z1 (Uttar Pradesh).

The CIN (Corporate Identification Number) of Elektromag Devices is U32108MH1974PTC017610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Elektromag Devices has 20 court cases on record: 18 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.

Elektromag Devices was incorporated on 15 July 1974, making it 52+ years old. It is registered with the Registrar of Companies, Mumbai.

Elektromag Devices has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹19.1 Lakh; the latest was in December 2023.

The peers of Elektromag Devices by revenue are Wam India Private Limited, Rollwell Conveyor Private Limited, Dinamic Oil India Private Limited, Tsubaki Conveyor Systems India Private Limited, TRF Limited. and 2 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Maya Moti Advani ceased to be Director on 28 Oct 2016. Meena Mohansing Advani ceased to be Additional Director on 29 Sep 2014. Meena Mohansing Advani was appointed as Director on 03 Jul 2014. Elektromag Devices has 9 board changes on record in total.

Yes, Elektromag Devices is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0005175).

Elektromag Devices has 18 MSME Form 1 returns on record between 2019 and 2024, listing 3,132 overdue payments to 79 micro and small suppliers. The latest return was filed on 22 Apr 2024.