About Formax Electronics Private Limited
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Formax Electronics Private Limited is a private limited company based in Delhi, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 16 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31900DL2008PTC183280. Its GSTIN is 07AABCF2825J1ZQ (Delhi).
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹80 Lakh. It is led by directors Manjula Saini and Manoj Kumar Saini.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4736/1 – 5 First Floor Kothi No – 23 Ansari Road Darya Ganj Delh, I – 110002, Delhi, India – 110002.
As per the financials filed for FY 2025, the company reported a revenue of ₹114.59 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹9.99 Cr (net margin 8.7%) and EBITDA of ₹14.05 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 42% over five years.
The company is associated with 1 brand: Formax Electronics. As per MCA filings, the company has open charges of ₹28.62 Cr on record. Court records list 25 cases involving the company, including 25 filed by the company; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formaxindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address4736/1 – 5 First Floor Kothi No – 23 Ansari Road Darya Ganj Delh, I – 110002, Delhi, India – 110002
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Formax Electronics Private Limited
The main business activity of Formax Electronics is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Formax Electronics Private Limited FY 2024 filings available
Formax Electronics Private Limited reported revenue of ₹114.59 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Formax Electronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 10% growth in the latest year. EBITDA fell 8% 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 of Formax Electronics Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.99 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 of Formax Electronics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Formax Electronics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Formax Electronics Private Limited
Formax Electronics Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| C2c Advanced Systems Limited | ₹117.46 Cr (FY 2025) | •••• | •••• | 184.0% | •••• | Bangalore, Karnataka, India |
| Avook Global Private Limited | ₹116.64 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Cex Webuy Entertainment Private Limited | ₹116.28 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| CDW India IT Solutions Private Limited | ₹115.47 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Guru Computers Private Limited | ₹115.33 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Formax Electronics Private Limited this company | ₹114.59 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Delhi, India |
| Awc Software Private Limited | ₹114.26 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | Noida, Uttar Pradesh, India |
| Concept Channel Suppliers Private Limited | ₹113.81 Cr (FY 2016) | •••• | •••• | 88.0% | •••• | Chennai, Tamil Nadu, India |
| Kawasaki Robotics India Private Limited | ₹112.6 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Gurgaon, Haryana, India |
| Taj Computer Solutions Private Limited | ₹112.4 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | New Delhi, Delhi, India |
| Manas Merchandise Private Limited | ₹111.89 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Guwahati, Assam, India |
Peers are the five companies nearest above and the five nearest below Formax Electronics by revenue in the Information Technology industry (IT Products Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Formax Electronics Private Limited
Formax Electronics Private Limited is audited by Payal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Payal & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Formax Electronics Private Limited
Formax Electronics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjula Saini | Director | 16 Sep 2008 | 18 Years 0 Months | Current |
| Manoj Kumar Saini | Director | 16 Sep 2008 | 18 Years 0 Months | Current |
Ownership and Shareholding of Formax Electronics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Formax Electronics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 May 2023 | Others | ₹62 Lakh | Open |
| 26 Nov 2021 | Others | ₹28 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Formax Electronics Private Limited
Formax Electronics Private Limited has 25 court cases on record: 25 filed by Formax Electronics. 15 cases are pending and 10 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 0 | 15 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Ost Labz Private Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Victoria Lighting Private Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Bright Westech Solution Private Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Esquare Engineering Services LLP | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Naskon Soft Solutions Private Limited | Pending |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Formax Electronics Private Limited
Formax Electronics Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kendeil Indfarad Electronics Private Limited | •••• | •••• | •••• |
| Nandani Electronics Corporation | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Formax Electronics Private Limited
Formax Electronics operates one associated brand: Formax Electronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronics component distribution and manufacturing services in India. | formaxindia.com |
Employees and EPFO Compliance at Formax Electronics Private Limited
Employment history and EPFO contributions of people linked to Formax Electronics.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Formax Electronics Private Limited
Formax Electronics Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Vijay Saini ceased to be Director on 20 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Formax Electronics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Formax Electronics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Formax Electronics Private Limited
Formax Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCF2825J1ZQ | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Formax Electronics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Formax Electronics Private Limited
Formax Electronics is an active private limited company based in Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 16 September 2008 (18+ years old) and is registered under CIN U31900DL2008PTC183280.
Formax Electronics reported revenue of ₹114.59 Cr for FY 2025 (up 10% YoY).
Formax Electronics has 2 current directors:
- Manjula Saini - Director
- Manoj Kumar Saini - Director
Formax Electronics reported a net profit of ₹9.99 Cr (net margin 8.7%) and EBITDA of ₹14.05 Cr (EBITDA margin 12.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Formax Electronics is 28% over three years and 42% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Formax Electronics is 07AABCF2825J1ZQ, registered in Delhi.
The CIN (Corporate Identification Number) of Formax Electronics is U31900DL2008PTC183280. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formax Electronics has 25 court cases on record: 25 filed by the company. 15 are pending.
Formax Electronics was incorporated on 16 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Formax Electronics by revenue are C2c Advanced Systems Limited, Avook Global Private Limited, Cex Webuy Entertainment Private Limited, CDW India IT Solutions Private Limited, Guru Computers Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Vijay Saini ceased to be Director on 20 Sep 2019. Manjula Saini was appointed as Director on 16 Sep 2008. Manoj Kumar Saini was appointed as Director on 16 Sep 2008.
Formax Electronics has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.