About Finolex J-Power Systems Limited
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Finolex J-Power Systems Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of J-Power Systems Corporation. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 04 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31300PN2008PLC131238. Its GSTIN is 27AABCF1868R1ZZ (Maharashtra). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹652 Cr and a paid-up capital of ₹652 Cr. It was formerly known as Finolex J-Power Systems Private Limited. It is led by directors including Takaaki Hasegawa (Whole-Time Director) and Shinichi Takagi.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 26/27 Mumbai – Pune Road Pimpri, Maharashtra, India – 411018.
As per the financials filed for FY 2025, the company reported a revenue of ₹116.07 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹55.31 Cr (net margin -47.7%) and EBITDA of -₹27.05 Cr (EBITDA margin -23.3%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 11% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹257.5 Cr and satisfied charges of ₹197.21 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it. The company has 10 deals on record (5 rights issues, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹127.99 Cr; the latest was in December 2022. Its 4 peer companies in the Manufacturing industry (Power Cables), 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 Johnsoncab Electricals Limited with revenue of ₹140.01 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 317 overdue payments to 43 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finolex.com.
Company details
Name history
Finolex J-Power Systems has undergone 2 name changes throughout its history. The company was previously known as Finolex J-Power Systems Limited, and Finolex J-Power Systems Private Limited. The current legal name is Finolex J-Power Systems Limited.
| Company Name | Status |
|---|---|
| Finolex J-Power Systems Limited | Current |
| Finolex J-Power Systems Private Limited | Previous |
CIN history
Finolex J-Power Systems has one previous CIN (Corporate Identification Number): U31300PN2008PTC131238. The current CIN is U31300PN2008PLC131238, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31300PN2008PLC131238 | Current |
| U31300PN2008PTC131238 | Previous |
Contact details
Finolex J-Power Systems Limited's registered office is in Pune, Maharashtra. Its website is finolex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address26/27 Mumbai – Pune Road Pimpri, Maharashtra, India – 411018
- IndustryManufacturing, Cable & Wire
To see the full contact details of Finolex J-Power Systems Limited, buy the company report.
- 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
Business activity
The main business activity of Finolex J-Power Systems 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 Finolex J-Power Systems Limited, buy the company report.
Financials of Finolex J-Power Systems Limited
FY 2025 filings availableFinolex J-Power Systems Limited reported revenue of ₹116.07 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 333% 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 |
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| EBITDA | -₹27.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹55.31 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.3% | ||||
| Net Profit Margin | -47.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Finolex J-Power Systems Limited, buy the company report.
Board of directors and KMP of Finolex J-Power Systems Limited
Finolex J-Power Systems Limited currently reports 11 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shinichi Takagi | Director | 30 Jul 2024 | 2 Years 3 Months | Current |
| Masaki Shirayama | Director | 07 Dec 2018 | 7 Years 10 Months | Current |
| Sotaro Hidaka | Additional Director | 20 Sep 2025 | 1 Years 1 Months | Current |
| Takaaki Hasegawa | Whole-Time Director | 08 Apr 2021 | 5 Years 6 Months | Current |
| Masaru Watanabe Masao | Nominee Director | 25 Dec 2015 | 10 Years 10 Months | Current |
| Mahesh Viswanathan | Director | 06 May 2009 | 17 Years 5 Months | Current |
Peer comparison
Finolex J-Power Systems Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Power Cables), 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 |
|---|---|---|---|---|---|---|
| Johnsoncab Electricals Limited | ₹140.01 Cr (FY 2025) | 57.0% | Mehsana, Gujarat, India | |||
| Agility Elektrotekniks Private Limited | ₹139.33 Cr (FY 2025) | 72.0% | Ghaziabad, Uttar Pradesh, India | |||
| Finolex J-Power Systems Limitedthis company | ₹116.07 Cr (FY 2025) | -₹55.31 Cr | -47.7% | -8.0% | 112 | Pune, Maharashtra, India |
| Uni Power Transmission (Mysore) Private Limited | ₹100.61 Cr (FY 2025) | 44.0% | Mysore, Karnataka, India | |||
| Calcutta Electrodes Pvt Ltd | ₹86.12 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Finolex J-Power Systems Limited, buy the company report.
Auditor
Finolex J-Power Systems Limited is audited by DELOITTE HASKINS & SELL SLLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELL SLLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Finolex J-Power Systems 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Finolex J-Power Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Oct 2024 | 100996656 | Others | ₹57.5 Cr | Open | |
| 19 Oct 2022 | 100651137 | Axis Bank Limited | ₹200 Cr | Open | |
| 07 Sep 2020 | 100371843 | Sbicap Trustee Company Limited | ₹2.5 Cr | Satisfied | |
| 28 Jan 2020 | 100322694 | Sbicap Trustee Company Limited | ₹40 Cr | Satisfied | |
| 15 Jun 2012 | 10367226 | State Bank of India Industrial Finance Branch | ₹47 Cr | Satisfied |
To see the full charge records of Finolex J-Power Systems Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Finolex J-Power Systems Limited has 10 deals on record (5 rights issues, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹127.99 Cr; the latest was in December 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹22 Cr | Investors: J-Power Systems Corporation, Finolex Cables Limited |
| Sep 2019 | Rights issue | ₹128.5 Cr | Investors: J-Power Systems Corporation, Finolex Cables Limited |
| Jan 2018 | Rights issue | ₹66 Cr | Investors: J-Power Systems Corporation, Finolex Cables Limited |
| Jun 2016 | Rights issue | ₹55 Cr | Investors: J-Power Systems Corporation, Finolex Cables Limited |
| Sep 2014 | Rights issue | ₹72.5 Cr | Investors: J-Power Systems Corporation, Finolex Cables Limited |
To see the full deal history of Finolex J-Power Systems 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
Finolex J-Power Systems Limited has 10 court cases on record: 6 filed by Finolex J-Power Systems, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 0 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Delhi Transco Limited | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by M/S. Consolidated Construction Consortium Limited | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by M/S RMK Infrastructure Pvt. Ltd. | Disposed |
| District court, Tiruvallur, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, UTTARPRADESH | Court case (ARCO) | Filed by the company against an individual | Disposed |
To see the full case history of Finolex J-Power Systems 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
Finolex J-Power Systems Limited was last rated by Care on 07 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jan 2021 |
To see the full credit ratings and regulatory alerts of Finolex J-Power Systems Limited, buy the company report.
MSME payment delays
Finolex J-Power Systems Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 317 overdue payments to 43 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 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Wegstone Corporation | |||
| BLS Polymers Limited | |||
| an individual supplier | |||
| Sarvottam Udyog | |||
| an individual supplier |
To see the full MSME payment records of Finolex J-Power Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Finolex J-Power Systems Limited has a workforce of 112 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Finolex J-Power Systems has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF1868R1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 33AABCF1868R1Z6 | Tamil Nadu | Active | 25 Jul 2019 |
| 07AABCF1868R1Z1 | Delhi | Active | 01 Oct 2021 |
| 09AABCF1868R1ZX | Uttar Pradesh | Active | 11 Jul 2022 |
To see the full GST registrations and return filing status of Finolex J-Power Systems Limited, buy the company report.
Recent activity
Finolex J-Power Systems Limited has 38 board changes on record since 2008: 12 appointments and 26 cessations. The latest: Hiroyuki Yanagawa was appointed as Additional Director on 20 Sep 2025.
48 earlier events are in the company report.
News
Frequently asked questions
Finolex J-Power Systems is an active public limited company based in Pune, Maharashtra, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 04 January 2008 (18+ years old) and is registered under CIN U31300PN2008PLC131238.
Finolex J-Power Systems has 12 current directors and KMP:
- Takaaki Hasegawa - Whole-Time Director
- Shinichi Takagi - Director
- Masaki Shirayama - Director
- Sotaro Hidaka - Additional Director
- Masaru Watanabe Masao - Nominee Director
- Mahesh Viswanathan - Director
- Anita Partabsingh Utamsingh - Director
- Sunil Upmanyu - Director
- Deepak Chhabria Kisandas - Director
- Kazuhira Harada - Director
- Hiroyuki Yanagawa - Additional Director
- Ganesh Kashinath Hedaoo - Ceo
The latest financial statements of Finolex J-Power Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Finolex J-Power Systems is 27AABCF1868R1ZZ, registered in Maharashtra. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 33AABCF1868R1Z6 (Tamil Nadu), 07AABCF1868R1Z1 (Delhi), 09AABCF1868R1ZX (Uttar Pradesh).
The CIN (Corporate Identification Number) of Finolex J-Power Systems is U31300PN2008PLC131238. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finolex J-Power Systems has 10 court cases on record: 6 filed by the company and 4 filed against it. Most are in the high courts.
Finolex J-Power Systems was incorporated on 04 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
Finolex J-Power Systems has 10 deals on record (5 rights issues, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹127.99 Cr; the latest was in December 2022.
The peers of Finolex J-Power Systems by revenue are Johnsoncab Electricals Limited, Agility Elektrotekniks Private Limited, Uni Power Transmission (Mysore) Private Limited, Calcutta Electrodes Pvt Ltd, all in the Manufacturing industry (Power Cables), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Hiroyuki Yanagawa was appointed as Additional Director on 20 Sep 2025. Sotaro Hidaka was appointed as Additional Director on 20 Sep 2025. Shinichi Takagi ceased to be Director on 19 Sep 2025. Finolex J-Power Systems has 38 board changes on record in total.
Finolex J-Power Systems has 14 MSME Form 1 returns on record between 2019 and 2024, listing 317 overdue payments to 43 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Finolex J-Power Systems can be reached through the website finolex.com. Its registered office is in Pune, Maharashtra, India.
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