MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-RJ-17-0140922
Gears Energy Solutions Private Limited - consumer electronics & durables in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹3.09 Cr
▲ 149% YoY
Net profit · FY 2022
₹11.72 Lakh
Net margin 3.8%
EBITDA · FY 2022
₹17.9 Lakh
EBITDA margin 5.8%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹19.91 Lakh
Issued & subscribed
Open charges
₹45 Lakh
Satisfied ₹4 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
3
Provident fund records
About Gears Energy Solutions Private Limited
Data last updated:
Gears Energy Solutions Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 21 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40106RJ2009PTC030534. Its GSTIN is 08AADCG6708M1Z9 (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19.91 Lakh. It is led by directors Chintu Rajkumar Chandak and Raj Bhutra Kumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 47 Shri Ram Nagar Near Kids Club School New Sanganer Road Mansarovar, Jaipur, Rajasthan, India – 302020.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.09 Cr, a growth of 149% compared to the previous year. For the same year it recorded a net profit of ₹11.72 Lakh (net margin 3.8%) and EBITDA of ₹17.9 Lakh (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 16% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45 Lakh and satisfied charges of ₹4 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Gears Energy Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0140922). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gearsenergy.com.
Company details
CIN U40106RJ2009PTC030534
Registration Number 030534
Incorporation Date 21 December 2009
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-RJ-17-0140922
Recognitions & Rankings of Gears Energy Solutions
Contact details
Gears Energy Solutions Private Limited's registered office is in Jaipur, Rajasthan. Its website is gearsenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address47 Shri Ram Nagar Near Kids Club School New Sanganer Road Mansarovar, Jaipur, Rajasthan, India – 302020
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Gears Energy Solutions Private Limited, buy the company report.
Comprehensive company report
Gears Energy Solutions 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 Gears Energy Solutions 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 Gears Energy Solutions Private Limited, buy the company report.
Financials of Gears Energy Solutions Private Limited
FY 2022 filings availableGears Energy Solutions Private Limited reported revenue of ₹3.09 Cr (up 149% YoY) for FY 2022.
Revenue · FY 2022
₹3.09 Cr ▲ 149%
Net profit · FY 2022
₹11.72 Lakh margin 3.8%
EBITDA · FY 2022
₹17.9 Lakh margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 149%
3 years · compounded
▼ 7%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▲ 185%
3 years · compounded
▼ 35%
5 years · compounded
▼ 23%
Revenue rose 149% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 185% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.09 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.72 Lakh | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 Gears Energy Solutions Private Limited, buy the company report.
Board of directors of Gears Energy Solutions Private Limited
Gears Energy Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintu Rajkumar Chandak | Director | 03 Jul 2023 | 3 Years 4 Months | Current |
| Raj Bhutra Kumar | Director | 21 Dec 2009 | 16 Years 10 Months | Current |
Peer comparison
Gears Energy Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing, Energy Solutions), 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 |
|---|---|---|---|---|---|---|
| Elite Power Systems India Private Limited | ₹3.11 Cr (FY 2024) | -1.0% | Chennai, Tamil Nadu, India | |||
| Spectrum Techvision Private Limited | ₹3.11 Cr (FY 2024) | -41.0% | Bangalore, Karnataka, India | |||
| Gears Energy Solutions Private Limitedthis company | ₹3.09 Cr (FY 2022) | ₹11.72 Lakh | 3.8% | 149.0% | 3 | Jaipur, Rajasthan, India |
| Sway Techno Solutions Private Limited | ₹3.08 Cr (FY 2020) | -75.0% | Bareilly, Uttar Pradesh, India | |||
| Elite Techxpert India Private Limited | ₹3.07 Cr (FY 2024) | -44.0% | Balda, Gujarat, India |
To see the full peer comparison of Gears Energy Solutions Private Limited, buy the company report.
Auditor
Gears Energy Solutions Private Limited is audited by DINESH G KUMAR & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH G KUMAR & CO. | FY 2022 | 029824N |
Shareholding
The shareholding of Gears Energy Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gears Energy Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45 Lakh
Satisfied charges
₹4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2023 | 100716335 | Indian Overseas Bank | ₹10 Lakh | Open | |
| 21 May 2022 | 100585422 | Indian Overseas Bank | ₹35 Lakh | Open | |
| 27 Feb 2018 | 100157986 | Others | ₹10 Lakh | Satisfied | |
| 10 Oct 2012 | 10382994 | Indian Overseas Bank | ₹3.9 Cr | Satisfied |
To see the full charge records of Gears Energy Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Gears Energy Solutions Private Limited has 1 court case on record: 1 filed by Gears Energy Solutions. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Refex Energy Ltd. and Ors and 4 others | Disposed |
To see the full case history of Gears Energy Solutions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gears Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gears Energy Solutions Private Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-62.5%
GST
Gears Energy Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AADCG6708M1Z9 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gears Energy Solutions Private Limited, buy the company report.
Recent activity
Gears Energy Solutions Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Chintu Rajkumar Chandak was appointed as Director on 03 Jul 2023.
Charges
A charge registered on 27 Feb 2018 via Charge ID 100157986 with Others was fully satisfied on 20 Jul 2023.
Appointed
Chintu Rajkumar Chandak was appointed as Director.
Ceased
Ashok Kumar Bhutra ceased to be Director.
Charges
A charge with Indian Overseas Bank amounted to Rs. 10.00 Lakh with Charge ID 100716335 was registered on 10 Feb 2023.
AGM
Gears Energy Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Charges
A charge with Indian Overseas Bank amounted to Rs. 35.00 Lakh with Charge ID 100585422 was registered on 21 May 2022.
Filing
Gears Energy Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Jaipur.
Charges
A charge registered on 10 Oct 2012 via Charge ID 10382994 with Indian Overseas Bank was fully satisfied on 03 Feb 2020.
Charges
A charge with Others of Rs. 10.00 Lakh registered on 27 Feb 2018 with Charge ID 100157986 was modified on 14 Oct 2019.
Ceased
Punit Radheshyam Rathi ceased to be Director.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100157986 was registered on 27 Feb 2018.
Charges
A charge with Indian Overseas Bank of Rs. 389.65 Lakh registered on 10 Oct 2012 with Charge ID 10382994 was modified on 15 Jul 2016.
3 earlier events are in the company report.
Frequently asked questions
Gears Energy Solutions is an active private limited company based in Jaipur, Rajasthan, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 21 December 2009 (17+ years old) and is registered under CIN U40106RJ2009PTC030534.
Gears Energy Solutions has 2 current directors:
- Chintu Rajkumar Chandak - Director
- Raj Bhutra Kumar - Director
The latest financial statements of Gears Energy Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Gears Energy Solutions is 08AADCG6708M1Z9, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Gears Energy Solutions is U40106RJ2009PTC030534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gears Energy Solutions has 1 court case on record: 1 filed by the company.
Gears Energy Solutions was incorporated on 21 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Gears Energy Solutions by revenue are Elite Power Systems India Private Limited, Spectrum Techvision Private Limited, Sway Techno Solutions Private Limited, Elite Techxpert India Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing, Energy Solutions), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Chintu Rajkumar Chandak was appointed as Director on 03 Jul 2023. Ashok Kumar Bhutra ceased to be Director on 25 May 2023. Punit Radheshyam Rathi ceased to be Director on 20 Apr 2018. Gears Energy Solutions has 4 board changes on record in total.
Yes, Gears Energy Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-RJ-17-0140922).
Gears Energy Solutions can be reached through the website gearsenergy.com. Its registered office is in Jaipur, Rajasthan, India.
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