MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0004562
Elmex Controls Pvt Ltd - machinery and equipment in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹61.34 Cr
▲ 15% YoY
Net profit · FY 2025
₹2.66 Cr
Net margin 4.3%
EBITDA · FY 2025
₹6.88 Cr
EBITDA margin 11.2%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹71.92 Lakh
Issued & subscribed
Open charges
₹44.76 Cr
Satisfied ₹8.61 Cr
Company age
53 yrs
Est. 1973
Employees · EPFO
77
Provident fund records
About Elmex Controls Pvt Ltd
Data last updated:
Elmex Controls Pvt Ltd is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 10 May 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32201GJ1973PTC002273. Its GSTIN is 24AAACE4965H1ZO (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹71.92 Lakh. It is led by directors including Vipul Jayantilal Ray (Managing Director) and Shashikant Janardan Joshi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 12 G I D C Estatemakarpura Road, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.34 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹2.66 Cr (net margin 4.3%) and EBITDA of ₹6.88 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Elmex. As per MCA filings, the company has open charges of ₹44.76 Cr and satisfied charges of ₹8.61 Cr on record. Court records list 22 cases involving the company, including 5 filed by the company and 17 filed against it; 1 case is pending. The company has 12 deals on record (12 secondary share transfers); the latest was in March 2019. Its 4 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Kaycee Industries Limited with revenue of ₹53.94 Cr.
Elmex Controls Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0004562). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elmex.net.
Company details
CIN U32201GJ1973PTC002273
Registration Number 002273
Incorporation Date 10 May 1973
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0004562
Key People
Vipul Jayantilal Ray Managing Director Shashikant Janardan Joshi Director Manjulaben Jayantilal Ray Director Recognitions & Rankings of Elmex Controls
Contact details
Elmex Controls Pvt Ltd's registered office is in Vadodara, Gujarat. Its website is elmex.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12 G I D C Estatemakarpura Road, Vadodara, Gujarat, India – 390010
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Elmex Controls Pvt Ltd, buy the company report.
Comprehensive company report
Elmex Controls Pvt Ltd - 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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Business activity
The main business activity of Elmex Controls is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Elmex Controls Pvt Ltd, buy the company report.
Financials of Elmex Controls Pvt Ltd
FY 2025 filings availableElmex Controls Pvt Ltd reported revenue of ₹61.34 Cr (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹61.34 Cr ▲ 15%
Net profit · FY 2025
₹2.66 Cr margin 4.3%
EBITDA · FY 2025
₹6.88 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 14%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 20%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 15% growth in the latest year. EBITDA rose 6% 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 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 | ₹61.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.66 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 4.3% | ||||
| 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 Elmex Controls Pvt Ltd, buy the company report.
Board of directors of Elmex Controls Pvt Ltd
Elmex Controls has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Peer comparison
Elmex Controls Pvt Ltd is compared with the 4 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elmex Controls Pvt Ltdthis company | ₹61.34 Cr (FY 2025) | ₹2.66 Cr | 4.3% | 15.0% | 77 | Vadodara, Gujarat, India |
| Kaycee Industries Limited | ₹53.94 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Capital Transformers Private Limited | ₹53.67 Cr (FY 2019) | -6.0% | Delhi, India | |||
| P E Engineers Pvt Ltd | ₹53.2 Cr (FY 2024) | 13.0% | Hyderabad, Telangana, India | |||
| Nikitech Electric Private Limited | ₹53.18 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Elmex Controls Pvt Ltd, buy the company report.
Auditor
Elmex Controls Pvt Ltd is audited by Talati & Talati LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Talati & Talati LLP | FY 2024 | 110758W |
Shareholding
The shareholding of Elmex Controls Pvt Ltd is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Elmex Controls Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹44.76 Cr
Satisfied charges
₹8.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2025 | 101067646 | Others | ₹32.3 Lakh | Open | |
| 26 Feb 2016 | 100146964 | Others | ₹20.94 Cr | Open | |
| 22 Feb 2016 | 10622163 | Others | ₹23.5 Cr | Open | |
| 20 Jan 2015 | 10546815 | Idbi Bank Limited | ₹2 Cr | Satisfied | |
| 30 Jun 2008 | 10109128 | State Bank of India | ₹2.9 Cr | Satisfied |
To see the full charge records of Elmex Controls Pvt Ltd, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Elmex Controls Pvt Ltd has 12 deals on record (12 secondary share transfers); the latest was in March 2019.
Total deals
12
Secondary share transfers
12
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Jayantilal D Ray HUF & M J Ray, 2 individuals |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Kd Ray (Huf) & Jayantilal D Ray, 3 individuals |
To see the full deal history of Elmex Controls Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elmex Controls Pvt Ltd has 22 court cases on record: 5 filed by Elmex Controls, 17 filed against it. 1 case is pending and 21 are disposed.
Total cases
22
Filed by the company
5
Filed against the company
17
Pending
1
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 12 | 0 |
| District courts | 9 | 5 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (SMST R) | Filed by the company against Chaitanya Manvendra Prabhawale Proprietor of M/S K C Electricals | Pending |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed by the company against Electrical Solutions and 2 others | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Electrical Solutions and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
| District court, Vadodara, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
To see the full case history of Elmex Controls Pvt Ltd, 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 Elmex Controls Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elmex Controls Pvt Ltd has a workforce of 77 employees on its EPFO records as of Dec 28, 2025, across 1 active EPFO establishment.
Employee count
77
Active EPFO establishments
1
Employee growth
-6.1%
GST
Elmex Controls has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE4965H1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elmex Controls Pvt Ltd, buy the company report.
Recent activity
Elmex Controls Pvt Ltd has 13 board changes on record since 1973: 6 appointments and 7 cessations. The latest: Sumant Kantilal Panchal was appointed as Additional Director on 28 Feb 2026.
Appointed
Sumant Kantilal Panchal was appointed as Additional Director.
AGM
Elmex Controls Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 20.94 Cr registered on 26 Feb 2016 with Charge ID 100146964 was modified on 12 May 2025.
Filing
Elmex Controls Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 23.50 Cr registered on 22 Feb 2016 with Charge ID 10622163 was modified on 21 Mar 2025.
Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 101067646 was registered on 19 Mar 2025.
Ceased
Jigisha Amrish Shastri ceased to be Director.
Ceased
Amarnath Laxminath Shastri ceased to be Director.
Ceased
Jayantilal Dhanjibhai Ray ceased to be Managing Director.
Charges
A charge registered on 20 Jan 2015 via Charge ID 10546815 with Idbi Bank Limited was fully satisfied on 26 Sep 2018.
Ceased
Vipul Jayantilal Ray ceased to be Director.
Charges
A charge with Others amounted to Rs. 20.94 Cr with Charge ID 100146964 was registered on 26 Feb 2016.
19 earlier events are in the company report.
Frequently asked questions
Elmex Controls is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 10 May 1973 (53+ years old) and is registered under CIN U32201GJ1973PTC002273.
Elmex Controls has 6 current directors:
- Vipul Jayantilal Ray - Managing Director
- Shashikant Janardan Joshi - Director
- Manjulaben Jayantilal Ray - Director
- Jignesha Vipul Ray - Director
- Jayantilal Dhanjibhai Ray - Director
- Sumant Kantilal Panchal - Additional Director
The latest financial statements of Elmex Controls on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elmex Controls is 24AAACE4965H1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Elmex Controls is U32201GJ1973PTC002273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elmex Controls has 22 court cases on record: 5 filed by the company and 17 filed against it. 1 is pending. Most are in the high courts.
Elmex Controls was incorporated on 10 May 1973, making it 53+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Elmex Controls has 12 deals on record (12 secondary share transfers); the latest was in March 2019.
The peers of Elmex Controls by revenue are Kaycee Industries Limited, Capital Transformers Private Limited, P E Engineers Pvt Ltd, Nikitech Electric Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sumant Kantilal Panchal was appointed as Additional Director on 28 Feb 2026. Jigisha Amrish Shastri ceased to be Director on 31 Mar 2024. Amarnath Laxminath Shastri ceased to be Director on 05 Feb 2023. Elmex Controls has 13 board changes on record in total.
Yes, Elmex Controls is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0004562).
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