MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-23-0037445
Gilbert and Maxwell Electricals Pvt Ltd - energy and power in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹2.1 Cr
▲ 72% YoY
Net profit · FY 2022
₹1.26 Lakh
Net margin 0.6%
EBITDA · FY 2022
₹19.89 Lakh
EBITDA margin 9.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4.75 Lakh
Issued & subscribed
Open charges
₹7.09 Cr
Satisfied ₹7.66 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
13
Provident fund records
About Gilbert and Maxwell Electricals Pvt Ltd
Data last updated:
Gilbert and Maxwell Electricals Pvt Ltd is a private limited company based in Vadodara, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31129GJ1988PTC010759. Its GSTIN is 27AAACG6862D1ZO (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.75 Lakh. It is led by directors Sonali Shailesh Thakur and Shailesh Shirish Thakur.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kabir Chowk Bhathuji Mandir, Kishanwadi Vadodara, Gujarat, India – 390019.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.1 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹1.26 Lakh (net margin 0.6%) and EBITDA of ₹19.89 Lakh (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 15% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.09 Cr and satisfied charges of ₹7.66 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2023. Its 5 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 4 smaller; the largest is Tech Up Engineering Private Limited with revenue of ₹2.1 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 10 micro and small suppliers.
Gilbert and Maxwell Electricals Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0037445). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gilbert-maxwell.in.
Company details
CIN U31129GJ1988PTC010759
Registration Number 010759
Incorporation Date 26 May 1988
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-23-0037445
Recognitions & Rankings of Gilbert and Maxwell Electricals
Contact details
Gilbert and Maxwell Electricals Pvt Ltd's registered office is in Vadodara, Gujarat. Its website is gilbert-maxwell.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKabir Chowk Bhathuji Mandir, Kishanwadi Vadodara, Gujarat, India – 390019
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Comprehensive company report
Gilbert and Maxwell Electricals Pvt Ltd - 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 Gilbert and Maxwell Electricals 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 Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Financials of Gilbert and Maxwell Electricals Pvt Ltd
FY 2025 filings availableGilbert and Maxwell Electricals Pvt Ltd reported revenue of ₹2.1 Cr (up 72% YoY) for FY 2022.
Revenue · FY 2022
₹2.1 Cr ▲ 72%
Net profit · FY 2022
₹1.26 Lakh margin 0.6%
EBITDA · FY 2022
₹19.89 Lakh margin 9.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 18%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 4%
5 years · compounded
▲ 45%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 72% growth in the latest year. EBITDA rose 26% 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 | ₹2.1 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.26 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 | 9.5% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Board of directors of Gilbert and Maxwell Electricals Pvt Ltd
Gilbert and Maxwell Electricals has 2 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 |
|---|---|---|---|---|
| Sonali Shailesh Thakur | Additional Director | 09 Mar 2022 | 4 Years 7 Months | Current |
| Shailesh Shirish Thakur | Additional Director | 09 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Gilbert and Maxwell Electricals Pvt Ltd is compared with the 5 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Tech Up Engineering Private Limited | ₹2.1 Cr (FY 2024) | -20.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Gilbert and Maxwell Electricals Pvt Ltdthis company | ₹2.1 Cr (FY 2022) | ₹1.26 Lakh | 0.6% | 72.0% | 13 | Vadodara, Gujarat, India |
| Beybey Engineering & Exim Private Limited | ₹2.09 Cr (FY 2025) | 1.0% | Gurgaon, Haryana, India | |||
| Reenergy Infra Private Limited | ₹2.08 Cr (FY 2024) | 47.0% | Hyderabad, Telangana, India | |||
| Drise Power Infratech Private Limited | ₹2.08 Cr (FY 2025) | 99.0% | Bhiwadi, Rajasthan, India | |||
| Joma India EV Private Limited | ₹2.07 Cr (FY 2024) | 765.0% | Thane, Maharashtra, India |
To see the full peer comparison of Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Auditor
Gilbert and Maxwell Electricals Pvt Ltd is audited by N.B. Dongre & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.B. Dongre & Co. | FY 2022 | 102682W |
Shareholding
The shareholding of Gilbert and Maxwell Electricals Pvt Ltd 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹7.09 Cr
Satisfied charges
₹7.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Oct 2025 | 101174871 | Bank of India | ₹43 Lakh | Open | |
| 03 Oct 2025 | 101174872 | Bank of India | ₹4 Cr | Open | |
| 03 Oct 2025 | 101174870 | Bank of India | ₹1.23 Cr | Open | |
| 03 Oct 2025 | 101174873 | Bank of India | ₹43.58 Lakh | Open | |
| 03 Oct 2025 | 101174874 | Bank of India | ₹1 Cr | Open |
To see the full charge records of Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Gilbert and Maxwell Electricals Pvt Ltd has 3 deals on record (3 secondary share transfers); the latest was in March 2023.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gilbert and Maxwell Electricals Pvt Ltd 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, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by S K Metal Industries Through Authorized Representative Harsh Pankaj Shah | Disposed |
To see the full case history of Gilbert and Maxwell Electricals Pvt Ltd, 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
Gilbert and Maxwell Electricals Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Inductra Magnetic Components Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gilbert and Maxwell Electricals Pvt Ltd has a workforce of 13 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
116.67%
GST
Gilbert and Maxwell Electricals has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG6862D1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gilbert and Maxwell Electricals Pvt Ltd, buy the company report.
Recent activity
Gilbert and Maxwell Electricals Pvt Ltd has 6 board changes on record since 2008: 2 appointments and 4 cessations. The latest: Jayashree Prashant Sathe ceased to be Managing Director on 31 Mar 2022.
Charges
A charge registered on 11 Jan 2023 via Charge ID 100701572 with Others was fully satisfied on 13 Nov 2025.
Charges
A charge registered on 31 Dec 2022 via Charge ID 100695913 with Others was fully satisfied on 13 Nov 2025.
Charges
A charge with Bank Of India amounted to Rs. 43.00 Lakh with Charge ID 101174871 was registered on 03 Oct 2025.
Charges
A charge with Bank Of India amounted to Rs. 400.00 Lakh with Charge ID 101174872 was registered on 03 Oct 2025.
Charges
A charge with Bank Of India amounted to Rs. 122.68 Lakh with Charge ID 101174870 was registered on 03 Oct 2025.
Charges
A charge with Bank Of India amounted to Rs. 43.58 Lakh with Charge ID 101174873 was registered on 03 Oct 2025.
Charges
A charge with Bank Of India amounted to Rs. 100.00 Lakh with Charge ID 101174874 was registered on 03 Oct 2025.
AGM
Gilbert And Maxwell Electricals Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gilbert And Maxwell Electricals Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 200.00 Lakh registered on 11 Jan 2023 with Charge ID 100701572 was modified on 02 Jul 2024.
Charges
A charge with Others of Rs. 200.00 Lakh registered on 31 Dec 2022 with Charge ID 100695913 was modified on 02 Jul 2024.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100701572 was registered on 11 Jan 2023.
21 earlier events are in the company report.
Frequently asked questions
Gilbert and Maxwell Electricals is an active private limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 May 1988 (38+ years old) and is registered under CIN U31129GJ1988PTC010759.
Gilbert and Maxwell Electricals has 2 current directors:
- Sonali Shailesh Thakur - Additional Director
- Shailesh Shirish Thakur - Additional Director
The latest financial statements of Gilbert and Maxwell Electricals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gilbert and Maxwell Electricals is 27AAACG6862D1ZO, registered in Maharashtra. 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 Gilbert and Maxwell Electricals is U31129GJ1988PTC010759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gilbert and Maxwell Electricals has 1 court case on record: 1 filed against it.
Gilbert and Maxwell Electricals was incorporated on 26 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gilbert and Maxwell Electricals has 3 deals on record (3 secondary share transfers); the latest was in March 2023.
The peers of Gilbert and Maxwell Electricals by revenue are Tech Up Engineering Private Limited, Beybey Engineering & Exim Private Limited, Reenergy Infra Private Limited, Drise Power Infratech Private Limited, Joma India EV Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Jayashree Prashant Sathe ceased to be Managing Director on 31 Mar 2022. Prashant Moreshwar Sathe ceased to be Director on 31 Mar 2022. Shailesh Shirish Thakur was appointed as Additional Director on 09 Mar 2022. Gilbert and Maxwell Electricals has 6 board changes on record in total.
Yes, Gilbert and Maxwell Electricals is registered as a small enterprise under Udyam registration (number: UDYAM-MH-23-0037445).
Gilbert and Maxwell Electricals has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 May 2019.