India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#343- Valuation
- ₹11,100 Cr
Revenue · FY 2025
₹2,641.52 Cr
▼ 2% YoY
Net profit · FY 2025
₹154.07 Cr
Net margin 5.8%
EBITDA · FY 2025
₹288.81 Cr
EBITDA margin 10.9%
Authorised capital
₹78.5 Cr
Registered with MCA
Paid-up capital
₹25.28 Cr
Issued & subscribed
Open charges
₹403 Cr
Satisfied ₹133.67 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
2,419
Provident fund records
About Goldmedal Electricals Private Limited
Data last updated:
Goldmedal Electricals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 June 2007 and has been in existence for over 19 years.
Its director Jugraj Otmal Jain and family are #709 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31401MH2007PTC171667. Its GSTIN is 27AACCG9397F1Z6 (Maharashtra). The company holds 23 GST registrations, of which 21 are active.
The company has an authorised share capital of ₹78.5 Cr and a paid-up capital of ₹25.28 Cr. It is led by directors including Praveen Kumar Jain and Akshit Kumar Jain.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,641.52 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹154.07 Cr (net margin 5.8%) and EBITDA of ₹288.81 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 2,419 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Goldmedal Electricals. As per MCA filings, the company has open charges of ₹403 Cr and satisfied charges of ₹133.67 Cr on record. Court records list 505 cases involving the company, including 481 filed by the company and 24 filed against it; 397 cases are pending. The company has 15 deals on record (9 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹6.29 Cr; the latest was in September 2025. Its 4 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 Orient Electric Limited with revenue of ₹3,105.52 Cr. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 58 overdue payments to 40 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 goldmedalindia.com.
Company details
CIN U31401MH2007PTC171667
Registration Number 171667
Incorporation Date 14 June 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Goldmedal Electricals
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #709 Jugraj Otmal Jain & family ₹4,500 Cr
Contact details
Goldmedal Electricals Private Limited's registered office is in Mumbai, Maharashtra. Its website is goldmedalindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/302 – 303 Kemp Plaza Off Link Road, Nr Inorbit Mall Mindspace Malad West, Mumbai, Maharashtra, India – 400064
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Goldmedal Electricals Private Limited, buy the company report.
Comprehensive company report
Goldmedal Electricals 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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Brands
Goldmedal Electricals operates one associated brand: Goldmedal Electricals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of modular switches, LED lights, wiring, and accessories for homes and businesses | goldmedalindia.com |
Business activity
The main business activities of Goldmedal Electricals are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and wholesale trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Goldmedal Electricals Private Limited, buy the company report.
Financials of Goldmedal Electricals Private Limited
FY 2025 filings availableGoldmedal Electricals Private Limited reported revenue of ₹2,641.52 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹2,641.52 Cr ▼ 2%
Net profit · FY 2025
₹154.07 Cr margin 5.8%
EBITDA · FY 2025
₹288.81 Cr margin 10.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 7%
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 12% 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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| Total Expenses | |||||
| EBITDA | ₹288.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹154.07 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 10.9% | ||||
| Net Profit Margin | 5.8% | ||||
| 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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| Net Profit Growth | |||||
To see the full financial statements and ratios of Goldmedal Electricals Private Limited, buy the company report.
Board of directors of Goldmedal Electricals Private Limited
Goldmedal Electricals has 9 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Kumar Jain | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Akshit Kumar Jain | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Aatish Jain Also directs: Bishan Marketing and Consultancy LLP | Director | 15 Jun 2020 | 6 Years 4 Months | Current |
| Jugraj Jain | Director | 30 Nov 2010 | 15 Years 10 Months | Current |
| Bishan Jugraj Jain | Director | 17 Mar 2014 | 12 Years 7 Months | Current |
| Kishan Kumar Jain | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Goldmedal Electricals Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 |
|---|---|---|---|---|---|---|
| Orient Electric Limited | ₹3,105.52 Cr (FY 2025) | 10.0% | Bhubaneswar, Odisha, India | |||
| Bosch Home Comfort India Limited | ₹2,782.2 Cr (FY 2025) | 44.0% | Ahmedabad, Gujarat, India | |||
| Goldmedal Electricals Private Limitedthis company | ₹2,641.52 Cr (FY 2025) | ₹154.07 Cr | 5.8% | -2.0% | 2,419 | Mumbai, Maharashtra, India |
| Carrier Airconditioning & Refrigeration Limited | ₹2,543.53 Cr (FY 2025) | 18.0% | Gurgaon, Haryana, India | |||
| BSH Household Appliances Manufacturing Private Limited | ₹2,324.9 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Goldmedal Electricals Private Limited, buy the company report.
Auditor
Goldmedal Electricals Private Limited is audited by BSR & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Goldmedal Electricals Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goldmedal Electricals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹403 Cr
Satisfied charges
₹133.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2025 | 101063230 | Axis Bank Limited | ₹50 Cr | Open | |
| 09 Mar 2024 | 100893629 | Yes Bank Limited | ₹50 Cr | Open | |
| 07 Jun 2023 | 100736310 | Others | ₹60 Cr | Open | |
| 23 Sep 2021 | 100490237 | Others | ₹55 Cr | Open | |
| 14 Mar 2018 | 100179732 | Citi Bank N.A. | ₹68 Cr | Open |
To see the full charge records of Goldmedal Electricals Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Goldmedal Electricals Private Limited has 15 deals on record (9 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹6.29 Cr; the latest was in September 2025.
Total deals
15
Secondary share transfers
9
Funding rounds
4
Rights issues
2
Disclosed funding
₹6.29 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Rights issue | ₹1.5 Cr | Investors: Goraji Marketing and Consultancy Private Limited , 3 individuals |
| Oct 2015 | Rights issue | ₹4.94 Cr | Investors: Goraji Marketing and Consultancy Private Limited , 3 individuals |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Goraji Marketing and Consultancy Private Limited , Vedmutha Electrical (India) Private Limited, Rajguru Finvest Private Limited, an individual Seller: Gandhari Iron & Steel Private Limited , Bansal Vinimoy Private Limited , 2 individuals |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Bansal Vinimoy Private Limited Seller: Silver Pearl Trading Private Limited, Jakson Investment Limited, Eden Spring Trading Private Limited |
| Apr 2009 | Funding round | ₹2.5 Cr | Investors: Jubliant Finex Private Limited, Silver Pearl Trading Private Limited, Jakson Investment Limited |
To see the full deal history of Goldmedal Electricals 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
Goldmedal Electricals Private Limited has 505 court cases on record: 481 filed by Goldmedal Electricals, 24 filed against it. 397 cases are pending and 108 are disposed.
Total cases
505
Filed by the company
481
Filed against the company
24
Pending
397
Disposed
108
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 467 | 8 | 378 |
| High courts | 36 | 16 | 19 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 505)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Appeal | Filed against the company by Medal Electronics Private Limited and Anr | Disposed |
| High Court of Delhi | Court case (FAO-IPD) | Filed against the company by Medal Electronics Private Limited and Anr | Disposed |
| District court, Krishna, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
To see the full case history of Goldmedal Electricals 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
Goldmedal Electricals Private Limited was last rated by Crisil on 25 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Oct 2021 |
To see the full credit ratings and regulatory alerts of Goldmedal Electricals Private Limited, buy the company report.
MSME payment delays
Goldmedal Electricals Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 58 overdue payments to 40 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 40)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Ubiquitous Signs Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Goldmedal Electricals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Goldmedal Electricals has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Goldmedal Electro Private Limited | U31900MH2021PTC369497 |
To see the full group structure of Goldmedal Electricals Private Limited, buy the company report.
Employees & EPFO
Goldmedal Electricals Private Limited has a workforce of 2,419 employees on its EPFO records as of Jan 21, 2025, across 2 active EPFO establishments.
Employee count
2,419
Active EPFO establishments
2
Employee growth
16.24%
GST
Goldmedal Electricals has 23 GST registrations: 21 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
23
Active
21
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG9397F1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AACCG9397F2Z5 | Maharashtra | Active | 01 Mar 2023 |
| 08AACCG9397F1Z6 | Rajasthan | Active | 01 Jul 2017 |
| 09AACCG9397F1Z4 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goldmedal Electricals Private Limited, buy the company report.
Recent activity
Goldmedal Electricals Private Limited has 22 board changes on record since 2007: 9 appointments and 13 cessations. The latest: Aryan Jain was appointed as Additional Director on 01 Jul 2026.
Appointed
Aryan Jain was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 120.00 Cr registered on 06 Apr 2016 with Charge ID 100021422 was modified on 15 Jun 2026.
AGM
Goldmedal Electricals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Bishan Jugraj Jain ceased to be Director.
Ceased
Jugraj Jain ceased to be Director.
Ceased
Kishan Kumar Jain ceased to be Director.
Ceased
Praveen Kumar Jain ceased to be Director.
Charges
A charge with Others of Rs. 60.00 Cr registered on 07 Jun 2023 with Charge ID 100736310 was modified on 19 Jun 2025.
Filing
Goldmedal Electricals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Axis Bank Limited amounted to Rs. 50.00 Cr with Charge ID 101063230 was registered on 03 Mar 2025.
Charges
A charge with Others of Rs. 55.00 Cr registered on 23 Sep 2021 with Charge ID 100490237 was modified on 07 Jan 2025.
Charges
A charge registered on 17 Mar 2016 via Charge ID 100021416 with Hdfc Bank Limited was fully satisfied on 08 Oct 2024.
56 earlier events are in the company report.
News
Frequently asked questions
Goldmedal Electricals is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 June 2007 (19+ years old) and is registered under CIN U31401MH2007PTC171667.
Goldmedal Electricals has 9 current directors:
- Praveen Kumar Jain - Director
- Akshit Kumar Jain - Director
- Aatish Jain - Director
- Jugraj Jain - Director
- Bishan Jugraj Jain - Director
- Kishan Kumar Jain - Director
- Kapil Jain - Director
- Rajesh Vanigota - Director
- Aryan Jain - Additional Director
The latest financial statements of Goldmedal 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 Goldmedal Electricals is 27AACCG9397F1Z6, registered in Maharashtra. The company has 23 GST registrations in all, of which 21 are active and 2 are cancelled or inactive. Other active GSTINs include 27AACCG9397F2Z5 (Maharashtra), 08AACCG9397F1Z6 (Rajasthan), 09AACCG9397F1Z4 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Goldmedal Electricals is U31401MH2007PTC171667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldmedal Electricals has 505 court cases on record: 481 filed by the company and 24 filed against it. 397 are pending. Most are in the district courts.
Goldmedal Electricals was incorporated on 14 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Goldmedal Electricals has 15 deals on record (9 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹6.29 Cr; the latest was in September 2025.
The peers of Goldmedal Electricals by revenue are Orient Electric Limited, Bosch Home Comfort India Limited, Carrier Airconditioning & Refrigeration Limited, BSH Household Appliances Manufacturing Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Aryan Jain was appointed as Additional Director on 01 Jul 2026. Bishan Jugraj Jain ceased to be Director on 25 Sep 2025. Jugraj Jain ceased to be Director on 25 Sep 2025. Goldmedal Electricals has 22 board changes on record in total.
Goldmedal Electricals has 6 MSME Form 1 returns on record between 2021 and 2023, listing 58 overdue payments to 40 micro and small suppliers. The latest return was filed on 26 Aug 2023.
Goldmedal Electricals can be reached through the website goldmedalindia.com. Its registered office is in Mumbai, Maharashtra, India.