Gran Electronics Private Limited
About Gran Electronics Private Limited
Data last updated:
Gran Electronics Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 20 January 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32100MH2004PTC144083. Its GSTIN is 2720IND00007ONZ (Maharashtra). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹38 Cr and a paid-up capital of ₹27.43 Cr. It is led by directors Subhash Shripad Nabar and Jitendra Devidasrao Ugle.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹285.87 Cr. For the same year it recorded a net loss of ₹3.33 Cr (net margin -1.2%) and EBITDA of ₹4.45 Cr (EBITDA margin 1.6%).
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹214.4 Cr and satisfied charges of ₹25.1 Cr on record. Court records list 5 cases involving the company, including 5 filed against it. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹110.93 Cr; the latest was in May 2015. 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 Elin Appliances Private Limited with revenue of ₹297.03 Cr.
Company details
Contact details
Gran Electronics Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Gran Electronics Private 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 activities of Gran Electronics 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 Gran Electronics Private Limited, buy the company report.
Financials of Gran Electronics Private Limited
FY 2016 filings availableGran Electronics Private Limited reported revenue of ₹285.87 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹285.87 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.45 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹3.33 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.6% | |
| Net Profit Margin | -1.2% | |
| 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 Gran Electronics Private Limited, buy the company report.
Board of directors of Gran Electronics Private Limited
Gran Electronics has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Devidasrao Ugle Also directs: Force Appliances Private Limited, Evolve HR Solutions Private Limited, Synergy HR Solutions Private Limited and 2 more | Additional Director | 04 May 2018 | 8 Years 6 Months | As last reported |
| Subhash Shripad Nabar Also directs: Synlene Packaging and Electronics Private Limited | Director | 02 Dec 2008 | 17 Years 11 Months | As last reported |
Peer comparison
Gran Electronics 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 |
|---|---|---|---|---|---|---|
| Elin Appliances Private Limited | ₹297.03 Cr (FY 2025) | 24.0% | New Delhi, Delhi, India | |||
| Sakthi Accumulators Private Limited | ₹288.18 Cr (FY 2025) | 13.0% | Bangalore, Karnataka, India | |||
| Gran Electronics Private Limitedthis company | ₹285.87 Cr (FY 2016) | -₹3.33 Cr | -1.2% | 6 | Mumbai, Maharashtra, India | |
| Panasonic Energy India Company Limited | ₹272.22 Cr (FY 2025) | -8.0% | Vadodara, Gujarat, India | |||
| Triveni Electroplast Private Limited | ₹270.92 Cr (FY 2025) | 32.0% | Uttar Pradesh, India |
To see the full peer comparison of Gran Electronics Private Limited, buy the company report.
Auditor
Gran Electronics Private Limited is audited by K S S & COMPANY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S S & COMPANY | FY 2016 | 126322W |
Shareholding
The shareholding of Gran Electronics Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Gran Electronics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Sep 2015 | 10603081 | Ifci Limited | ₹200 Cr | Open | |
| 02 Sep 2006 | 10238548 | The Saraswat Co-Operative Bank Ltd | ₹1.2 Cr | Open | |
| 28 Dec 2005 | 90351489 | Indian Overseas Bank | ₹13.2 Cr | Open | |
| 07 Sep 2007 | 10088590 | Indian Overseas Bank | ₹21.1 Cr | Satisfied | |
| 08 Sep 2006 | 10238551 | The Saraswat Cooperative Bank Ltd | ₹4 Cr | Satisfied |
To see the full charge records of Gran Electronics Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Gran Electronics Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹110.93 Cr; the latest was in May 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2015 | Funding round | ₹60 Cr | Investors: Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited , Force Appliances Private Limited |
| Mar 2014 | Funding round | ₹40.99 Cr | Investors: Videocon Mauritius Energy Limited |
| Jun 2013 | Funding round | ₹5.95 Cr | Investors: Century Appliances Limited , Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited |
| Jun 2009 | Funding round | ₹3.99 Cr | Investors: Century Appliances Limited , Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited |
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: Force Appliances Private Limited , Shree Dhoot Trading and Agencies Ltd , Tekcare India Private Limited Seller: 4 individuals |
To see the full deal history of Gran Electronics 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
Gran Electronics Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Court case (EXE R) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (PRCPT) | Filed against the company by M/S.Evrest Tools Hardwear Stores A Partnership Firm | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M/S.Everest Tools Hardware Stores | Disposed |
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Gran Electronics 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 Gran Electronics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gran Electronics Private Limited has a workforce of 6 employees on its EPFO records as of May 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 6 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Gran Electronics Private Limited, buy the company report.
GST
Gran Electronics has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 2720IND00007ONZ | Maharashtra | Active | 07 Oct 2020 |
| 02AACCG4003A1ZR | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AACCG4003A1ZP | Punjab | Active | 01 Jul 2017 |
| 23AACCG4003A1ZN | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gran Electronics Private Limited, buy the company report.
Recent activity
Gran Electronics Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Rajendra Kedarnath Bang ceased to be Additional Director on 07 May 2018.
9 earlier events are in the company report.
Frequently asked questions
Gran Electronics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Gran Electronics is a company under liquidation, formerly operating as a 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 20 January 2004 and is registered under CIN U32100MH2004PTC144083. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gran Electronics has 2 current directors:
- Jitendra Devidasrao Ugle - Additional Director
- Subhash Shripad Nabar - Director
The latest financial statements of Gran Electronics on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gran Electronics is U32100MH2004PTC144083. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gran Electronics has open charges of ₹214.4 Cr and satisfied charges of ₹25.1 Cr as per latest MCA filings.
Gran Electronics has 5 court cases on record: 5 filed against it.
Gran Electronics was incorporated on 20 January 2004. It is registered with the Registrar of Companies, Mumbai.
Gran Electronics has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹110.93 Cr; the latest was in May 2015.
The peers of Gran Electronics by revenue are Elin Appliances Private Limited, Sakthi Accumulators Private Limited, Panasonic Energy India Company Limited, Triveni Electroplast 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).
Rajendra Kedarnath Bang ceased to be Additional Director on 07 May 2018. Jitendra Devidasrao Ugle was appointed as Additional Director on 04 May 2018. Arunkumar Fatehlal Dashora ceased to be Director on 20 Sep 2013. Gran Electronics has 8 board changes on record in total.
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