About Eon Electric Limited
Data last updated: 24 June 2025
Eon Electric Limited is a public limited company based in Sonipat, Haryana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in electronics manufacturing, a part of the broader consumer electronics and durables sector. Incorporated on 06 November 1989, the company has been in operation for over 37 years.
Registered with ROC Delhi under CIN L31200HR1989PLC035580. Listed on BSE: 532658.
Capital: an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹8.45 Cr. Formerly known as Indo Asian Fusegear Limited and Indo Asian Fusegear (India) Limited. It is led by directors including Vinay Mahendru and Vivek Mahendru.
Last AGM: 30 September 2019. Financial statements filed for year ended 31 March 2019. Office: Shastri Colony Near Indian Sr. Secondary School Main Gohana Sonipat Bye Pass, Haryana, India – 131001.
As per the financials filed for FY 2019, the company reported a revenue of ₹83.99 Cr, a decline of 49% compared to the previous year.
The company has a workforce of approximately 4 employees as per the latest available data.
The company is associated with 1 brand - Eon Electric. As per MCA filings, the company has open charges of ₹148.84 Cr and satisfied charges of ₹401.66 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is eonelectric.com.
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Registered AddressShastri Colony Near Indian Sr. Secondary School Main Gohana Sonipat Bye Pass, Haryana, India – 131001
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IndustryConsumer Electronics & Durables, Electronics Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Eon Electric Limited
Eon Electric Limited has undergone 2 name changes throughout its history. The company was previously known as Indo Asian Fusegear Limited, and Indo Asian Fusegear (India) Limited. The current legal name is Eon Electric Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Eon Electric Limited | Current |
| Indo Asian Fusegear Limited | Previous |
| Indo Asian Fusegear (India) Limited | Previous |
Associated Brands with Eon Electric Limited
Eon Electric Limited operates one associated brand: Eon Electric. These brands represent Eon Electric Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provider of holiday home ownership and resort services | eonelectric.com |
Business Activity of Eon Electric Limited
Eon Electric Limited is engaged in principal business activities including manufacturing and trade, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Eon Electric Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Eon Electric Limited
Eon Electric Limited is audited by Bansal & Co. LLP for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bansal & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Eon Electric Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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Board of Directors and KMP of Eon Electric Limited
Eon Electric Limited currently reports 5 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Mahendru | Managing Director | 24 Jun 2010 | 16 Years 1 Months | As last reported |
| Vivek Mahendru | Managing Director | 12 May 2012 | 14 Years 2 Months | As last reported |
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Ashish Bansal
Also directs:
Myskinic Solutions Llp, Citicap Housing Developments Private Limited, Citicap Channels Private Limited and 1 more
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Director | 01 Apr 2019 | 7 Years 3 Months | As last reported |
| Ashok Kumar Gupta | Director | 01 Apr 2019 | 7 Years 3 Months | As last reported |
| Shruti Kukreti | Additional Director | 21 Mar 2020 | 6 Years 4 Months | As last reported |
| Kulbhushan Satija | Cfo | 12 Aug 2014 | 11 Years 11 Months | As last reported |
Financials of Eon Electric Limited FY 2019 filings available
Eon Electric Limited reported revenue of ₹83.99 Cr (down 49.00% YoY) for FY 2019.
Ten-year financial statements for Eon Electric Limited
Historical statement values and trend charts require an active report plan.
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- Balance sheets
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Ownership and Shareholding of Eon Electric Limited
Shareholding and ownership data for Eon Electric Limited
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- Historical changes
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Group Structure of Eon Electric Limited
Eon Electric Limited has 1 joint venture. This group structure data is as of FY 2019. The corporate group structure reflects Eon Electric Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Eon Electric Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2018 | Others | ₹28.5 Cr | Open |
| 24 Mar 2017 | Others | ₹24 Cr | Open |
| 17 Oct 2016 | Others | ₹50 Cr | Open |
| 15 Oct 2016 | Standard Chartered Bank | ₹1.34 Cr | Open |
| 22 Nov 2012 | State Bank of Patiala | ₹45 Cr | Open |
Total charge records: 38 View all charges
Employees and EPFO Compliance at Eon Electric Limited
Eon Electric Limited has a workforce of 4 employees as of Mar 30, 2024.
Employee and EPFO history for Eon Electric Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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- PF contributions
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GST Compliance of Eon Electric Limited
GST registrations and filing compliance for Eon Electric Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Eon Electric Limited
Credit ratings, litigation, and regulatory alerts for Eon Electric Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Eon Electric Limited
MSME payment history for Eon Electric Limited
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Subsidiaries & Group Companies of Eon Electric Limited
Corporate group structure for Eon Electric Limited
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- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Eon Electric Limited
MCA filings and documents for Eon Electric Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Eon Electric Limited
Frequently Asked Questions about Eon Electric Limited
Eon Electric Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Eon Electric Limited is a company under insolvency, formerly operating as a public limited company in the consumer electronics and durables sector based in Sonipat, Haryana, India. It was incorporated on 06 November 1989 and is registered under CIN L31200HR1989PLC035580. Listed on BSE: 532658. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Eon Electric Limited reported revenue of ₹83.99 Cr for FY 2019 (down 49.00% YoY).
The current directors and KMP of Eon Electric Limited are:
- Vinay Mahendru - Managing Director
- Vivek Mahendru - Managing Director
- Ashish Bansal - Director
- Ashok Kumar Gupta - Director
- Shruti Kukreti - Additional Director
- Kulbhushan Satija - Cfo
The CIN (Corporate Identification Number) of Eon Electric Limited is L31200HR1989PLC035580. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Eon Electric Limited is listed on BSE with code 532658.