MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0002996
Ergoflex (I) Private Limited - consumer electronics & durables in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹27.34 Lakh
▼ 94% YoY
Net loss · FY 2024
₹4.72 Cr
Latest filing
EBITDA · FY 2024
-₹67.19 Lakh
EBITDA margin -245.8%
Authorised capital
₹8.55 Cr
Registered with MCA
Paid-up capital
₹8.55 Cr
Issued & subscribed
Open charges
₹27.02 Cr
Satisfied ₹1 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
25
Provident fund records
About Ergoflex (I) Private Limited
Data last updated:
Ergoflex (I) Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31104WB1998PTC088453. Its GSTIN is 19AABCG1663K1ZG (West Bengal).
The company has an authorised share capital of ₹8.55 Cr and a paid-up capital of ₹8.55 Cr. It was formerly known as Ganeshbari Ductile Castings Private Limited. It is led by directors including Nitarra Parekh and Karuna Parekh.
Its last annual general meeting (AGM) was held on 13 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Parekh House 161 Lenin Sarani, Kolkata, West Bengal, India – 700013.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.34 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹4.72 Cr and EBITDA of -₹67.19 Lakh (EBITDA margin -245.8%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 17% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹27.02 Cr and satisfied charges of ₹1 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.7 Cr; the latest was in March 2020. Its 4 peer companies in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 1 larger and 3 smaller; the largest is Zraya Custom Furniture Private Limited with revenue of ₹27.68 Lakh.
Ergoflex (I) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0002996). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ergoflex.in.
Company details
CIN U31104WB1998PTC088453
Registration Number 088453
Incorporation Date 14 December 1998
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0002996
Recognitions & Rankings of Ergoflex (I)
Contact details
Ergoflex (I) Private Limited's registered office is in Kolkata, West Bengal. Its website is ergoflex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressParekh House 161 Lenin Sarani, Kolkata, West Bengal, India – 700013
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Ergoflex (I) Private Limited, buy the company report.
Comprehensive company report
Ergoflex (I) 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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Business activity
The main business activity of Ergoflex (I) is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Ergoflex (I) Private Limited, buy the company report.
Financials of Ergoflex (I) Private Limited
FY 2024 filings availableErgoflex (I) Private Limited reported revenue of ₹27.34 Lakh (down 94% YoY) for FY 2024.
Revenue · FY 2024
₹27.34 Lakh ▼ 94%
Net loss · FY 2024
₹4.72 Cr
EBITDA · FY 2024
-₹67.19 Lakh margin -245.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 94%
3 years · compounded
▼ 52%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▼ 517%
3 years · compounded
▼ 94%
5 years · compounded
▼ 23%
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 94% fall in the latest year. EBITDA fell 517% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹67.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.72 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -245.8% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ergoflex (I) Private Limited, buy the company report.
Board of directors of Ergoflex (I) Private Limited
Ergoflex (I) has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitarra Parekh | Director | 16 Mar 2020 | 6 Years 7 Months | Current |
| Karuna Parekh Also directs: Panagarh Projects Private Limited | Director | 13 Mar 2020 | 6 Years 7 Months | Current |
| Bharat Jagmohan Parekh Also directs: Panagarh Projects Private Limited | Director | 25 Oct 2006 | 20 Years 0 Months | Current |
Peer comparison
Ergoflex (I) Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zraya Custom Furniture Private Limited | ₹27.68 Lakh (FY 2019) | 118.0% | Bangalore, Karnataka, India | |||
| Ergoflex (I) Private Limitedthis company | ₹27.34 Lakh (FY 2024) | -₹4.72 Cr | -94.0% | 25 | Kolkata, West Bengal, India | |
| Northstar Fixtures and Furniture Private Limited | ₹27.33 Lakh (FY 2024) | 10.0% | Meerut, Uttar Pradesh, India | |||
| Chavan Furniture Private Limited | ₹27.24 Lakh (FY 2025) | -4.0% | Solapur, Maharashtra, India | |||
| Clara Acrylic Furniture Private Limited | ₹26.99 Lakh (FY 2015) | 19.0% | Surat, Gujarat, India |
To see the full peer comparison of Ergoflex (I) Private Limited, buy the company report.
Auditor
Ergoflex (I) Private Limited is audited by D S AHMED & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D S AHMED & ASSOCIATES | FY 2021 | 326880E |
Shareholding
The shareholding of Ergoflex (I) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ergoflex (I) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.02 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2020 | 100366538 | Uco Bank | ₹3.93 Cr | Open | |
| 21 Jul 2017 | 100115784 | Uco Bank | ₹23.09 Cr | Open | |
| 11 Apr 2012 | 10358549 | Oriental Bank of Commerce | ₹1 Cr | Satisfied |
To see the full charge records of Ergoflex (I) Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Ergoflex (I) Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.7 Cr; the latest was in March 2020.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹3.7 Cr
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
To see the full deal history of Ergoflex (I) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ergoflex (I) Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by HDFC Bank Limited | Disposed |
To see the full case history of Ergoflex (I) 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.
Credit ratings & regulatory alerts
Ergoflex (I) Private Limited was last rated by Brickwork on 24 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 24 Jan 2022 |
To see the full credit ratings and regulatory alerts of Ergoflex (I) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ergoflex (I) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ergoflex (I) Private Limited has a workforce of 25 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
4.17%
GST
Ergoflex (I) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCG1663K1ZG | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ergoflex (I) Private Limited, buy the company report.
Recent activity
Ergoflex (I) Private Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Nitarra Parekh was appointed as Director on 16 Mar 2020.
AGM
Ergoflex (I) Private Limited last Annual general meeting of members was held on 13 Sep 2024 as per latest MCA records.
Filing
Ergoflex (I) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata I.
Charges
A charge with Uco Bank amounted to Rs. 3.93 Cr with Charge ID 100366538 was registered on 02 Sep 2020.
Charges
A charge with Uco Bank of Rs. 23.09 Cr registered on 21 Jul 2017 with Charge ID 100115784 was modified on 02 Sep 2020.
Appointed
Nitarra Parekh was appointed as Director.
Ceased
Anupama Singhi ceased to be Director.
Appointed
Karuna Parekh was appointed as Director.
Ceased
Devendra Bharat Parekh ceased to be Director.
Ceased
Karuna Parekh ceased to be Director.
Charges
A charge registered on 11 Apr 2012 via Charge ID 10358549 with Oriental Bank Of Commerce was fully satisfied on 12 Dec 2017.
Charges
A charge with Uco Bank amounted to Rs. 23.09 Cr with Charge ID 100115784 was registered on 21 Jul 2017.
Charges
A charge with Oriental Bank Of Commerce of Rs. 1.00 Cr registered on 11 Apr 2012 with Charge ID 10358549 was modified on 18 Jun 2013.
4 earlier events are in the company report.
Frequently asked questions
Ergoflex (I) is an active private limited company based in Kolkata, West Bengal, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 December 1998 (28+ years old) and is registered under CIN U31104WB1998PTC088453.
Ergoflex (I) has 3 current directors:
- Nitarra Parekh - Director
- Karuna Parekh - Director
- Bharat Jagmohan Parekh - Director
The latest financial statements of Ergoflex (I) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ergoflex (I) is 19AABCG1663K1ZG, registered in West Bengal.
The CIN (Corporate Identification Number) of Ergoflex (I) is U31104WB1998PTC088453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ergoflex (I) has 1 court case on record: 1 filed against it.
Ergoflex (I) was incorporated on 14 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Kolkata.
Ergoflex (I) has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.7 Cr; the latest was in March 2020.
The peers of Ergoflex (I) by revenue are Zraya Custom Furniture Private Limited, Northstar Fixtures and Furniture Private Limited, Chavan Furniture Private Limited, Clara Acrylic Furniture Private Limited, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Nitarra Parekh was appointed as Director on 16 Mar 2020. Anupama Singhi ceased to be Director on 14 Mar 2020. Karuna Parekh was appointed as Director on 13 Mar 2020. Ergoflex (I) has 7 board changes on record in total.
Yes, Ergoflex (I) is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0002996).
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