MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0065703
_PRIVATE_LIMITED.webp)
Elex (India) Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹56.09 Cr
▲ 88% YoY
Net profit · FY 2023
₹4.8 Cr
Net margin 8.6%
EBITDA · FY 2023
₹6.43 Cr
EBITDA margin 11.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.88 Cr
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹8.5 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
45
Provident fund records
About Elex (India) Private Limited
Data last updated:
Elex (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Elex Ag. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 06 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH2002PTC135079. Its GSTIN is 27AAACE9995P1ZL (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.88 Cr. It was formerly known as Ets-Elex (India) Private Limited and Ets Internationl Controls Private Limited. It is led by directors including Suresh Rasiklal Vasani and Peter Studer.
Its last annual general meeting (AGM) was held on 26 March 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at A – 97 Road No 18 Wagle Industrial Estate Thane West, Mumbai, Maharashtra, India – 400604.
As per the financials filed for FY 2023, the company reported a revenue of ₹56.09 Cr, a growth of 88% compared to the previous year. For the same year it recorded a net profit of ₹4.8 Cr (net margin 8.6%) and EBITDA of ₹6.43 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 21% over five years.
The company has about 45 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹8.5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in December 2008.
Elex (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0065703). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elexindia.co.in.
Company details
CIN U29299MH2002PTC135079
Registration Number 135079
Incorporation Date 06 March 2002
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 March 2025
Date of Balance Sheet 31 December 2024
Parent Company Elex Ag
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0065703
Name history
Elex (India) has undergone 2 name changes throughout its history. The company was previously known as Ets-Elex (India) Private Limited, and Ets Internationl Controls Private Limited. The current legal name is Elex (India) Private Limited.
| Company Name | Status |
|---|---|
| Elex (India) Private Limited | Current |
| Ets-Elex (India) Private Limited | Previous |
| Ets Internationl Controls Private Limited | Previous |
Recognitions & Rankings of Elex (India)
Contact details
Elex (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is elexindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 97 Road No 18 Wagle Industrial Estate Thane West, Mumbai, Maharashtra, India – 400604
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Elex (India) Private Limited, buy the company report.
Comprehensive company report
Elex (India) 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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Financials of Elex (India) Private Limited
FY 2024 filings availableElex (India) Private Limited reported revenue of ₹56.09 Cr (up 88% YoY) for FY 2023.
Revenue · FY 2023
₹56.09 Cr ▲ 88%
Net profit · FY 2023
₹4.8 Cr margin 8.6%
EBITDA · FY 2023
₹6.43 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 88%
3 years · compounded
▲ 42%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 250%
3 years · compounded
▲ 92%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 88% growth in the latest year. EBITDA rose 250% 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 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 | ₹56.09 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.8 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 8.6% | ||||
| 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 Elex (India) Private Limited, buy the company report.
Board of directors of Elex (India) Private Limited
Elex (India) has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Rasiklal Vasani Also directs: Duztec Enterprises LLP, Elringklinger Automotive Components (India) Private Limited, Lechler India Private Limited and 2 more | Director | 06 Mar 2002 | 24 Years 7 Months | Current |
| Peter Studer | Director | 24 Aug 2017 | 9 Years 2 Months | Current |
| Patrick Uwe Muff Also directs: Lechler India Private Limited | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Mousum Ray | Director | 01 Jun 2022 | 4 Years 4 Months | Current |
| Markus Josef Eicher | Director | 31 May 2023 | 3 Years 4 Months | Current |
Auditor
Elex (India) Private Limited is audited by RAJESH BHUPENDRA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH BHUPENDRA & CO | FY 2023 | 108397W |
Shareholding
The shareholding of Elex (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Elex (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹8.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2008 | 10124194 | Axis Bank Limited | ₹20 Cr | Open | |
| 20 Jun 2005 | 90141456 | Bank of Maharashtra | ₹8.5 Cr | Satisfied |
To see the full charge records of Elex (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Elex (India) Private Limited has 1 deal on record (1 secondary share transfer); the latest was in December 2008.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2008 | Secondary share transfer | Undisclosed | Buyer: Elex Ag Seller: Lechler India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elex (India) Private Limited has 3 court cases on record: 1 filed by Elex (India), 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Criminal complaint | Filed by the company against A-1 M/S. Smart Trak Solar Systems Pvt. Ltd. Rep. by Bhagawan Reddy Gananapa and 5 others | Disposed |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by A.T.O. I Ltd. | Disposed |
To see the full case history of Elex (India) Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elex (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elex (India) Private Limited has a workforce of 45 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
45
Active EPFO establishments
1
Employee growth
2.27%
GST
Elex (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE9995P1ZL | Maharashtra | Active | 01 Jul 2017 |
| 19AAACE9995P1ZI | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elex (India) Private Limited, buy the company report.
Recent activity
Elex (India) Private Limited has 19 board changes on record since 2002: 12 appointments and 7 cessations. The latest: Gertjan Wiggers ceased to be Director on 31 May 2023.
AGM
Elex (India) Private Limited last Annual general meeting of members was held on 26 Mar 2025 as per latest MCA records.
Filing
Elex (India) Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Mumbai Ii.
Ceased
Gertjan Wiggers ceased to be Director.
Appointed
Markus Josef Eicher was appointed as Director.
Appointed
Mousum Ray was appointed as Director.
Ceased
Subrata Sengupta ceased to be Managing Director.
Ceased
Guido Kunzmann ceased to be Director.
Appointed
Patrick Uwe Muff was appointed as Director.
Appointed
Peter Studer was appointed as Director.
Ceased
Ulrich Leibacher ceased to be Director.
Appointed
Guido Kunzmann was appointed as Director.
Ceased
Walter Lechler ceased to be Director.
15 earlier events are in the company report.
Frequently asked questions
Elex (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 06 March 2002 (24+ years old) and is registered under CIN U29299MH2002PTC135079.
Elex (India) has 5 current directors:
- Suresh Rasiklal Vasani - Director
- Peter Studer - Director
- Patrick Uwe Muff - Director
- Mousum Ray - Director
- Markus Josef Eicher - Director
The latest financial statements of Elex (India) on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 26 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elex (India) is 27AAACE9995P1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAACE9995P1ZI (West Bengal).
The CIN (Corporate Identification Number) of Elex (India) is U29299MH2002PTC135079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elex (India) has 3 court cases on record: 1 filed by the company and 2 filed against it.
Elex (India) was incorporated on 06 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Elex (India) has 1 deal on record (1 secondary share transfer); the latest was in December 2008.
Gertjan Wiggers ceased to be Director on 31 May 2023. Markus Josef Eicher was appointed as Director on 31 May 2023. Mousum Ray was appointed as Director on 01 Jun 2022. Elex (India) has 19 board changes on record in total.
Yes, Elex (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0065703).