MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-RJ-30-0017255
Hardik Transformers Private Limited
Hardik Transformers Private Limited - energy and power in Sikar, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.17 Cr
▼ 10% YoY
Net profit · FY 2024
₹40.15 Lakh
Net margin 1.3%
EBITDA · FY 2024
₹1.18 Cr
EBITDA margin 3.9%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹23.71 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Directors on board
2
As per MCA filings
About Hardik Transformers Private Limited
Data last updated:
Hardik Transformers Private Limited is a private limited company based in Sikar, Rajasthan, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 22 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U31102RJ2010PTC032162. Its GSTIN is 08AACCH4294G1ZH (Rajasthan).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Shusheela Mor and Vivek Mor.
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 C/O Anupam Udyog E – 22 Industrial Area, Sikar, Rajasthan, India – 332001.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.17 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹40.15 Lakh (net margin 1.3%) and EBITDA of ₹1.18 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹23.71 Cr on record.
Hardik Transformers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-30-0017255). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Hardik Transformers Private Limited
CIN U31102RJ2010PTC032162
Registration Number 032162
Incorporation Date 22 June 2010
ROC Jaipur
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-RJ-30-0017255
Key People
Shusheela Mor Director Vivek Mor Director Recognitions & Rankings of Hardik Transformers
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressC/O Anupam Udyog E – 22 Industrial Area, Sikar, Rajasthan, India – 332001
- IndustryEnergy and Power, Power Equipment Manufacturers
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Business Activity of Hardik Transformers Private Limited
The main business activity of Hardik Transformers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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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 Hardik Transformers Private Limited FY 2025 filings available
Hardik Transformers Private Limited reported revenue of ₹30.17 Cr (down 10% YoY) for FY 2024.
Revenue · FY 2024
₹30.17 Cr ▼ 10%
Net profit · FY 2024
₹40.15 Lakh margin 1.3%
EBITDA · FY 2024
₹1.18 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR) of Hardik Transformers Private Limited
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 38%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 39%
5 years · compounded
▲ 13%
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 1% 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 Hardik Transformers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.18 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.15 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 of Hardik Transformers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Hardik Transformers are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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- Cash-flow statements
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Verified entity values are shown only after access is granted.
Board of Directors of Hardik Transformers Private Limited
Hardik Transformers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shusheela Mor Also directs: Anupam Infra Power India Private Limited | Director | 22 Jun 2010 | 16 Years 4 Months | Current |
| Vivek Mor | Director | 22 Jun 2010 | 16 Years 4 Months | Current |
Peer Comparison of Hardik Transformers Private Limited
Hardik Transformers Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sun Automat Controls Private Limited | ₹30.31 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Ahmedabad, Gujarat, India |
| Eds Instruments and Systems Private Limited | ₹30.3 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Chennai, Tamil Nadu, India |
| D.B. Electricals Private Limited | ₹30.28 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Koleshvari Infratech Private Limited | ₹30.22 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Ahmedabad, Gujarat, India |
| Zypher Power Labs Private Limited | ₹30.19 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Indore, Madhya Pradesh, India |
| Hardik Transformers Private Limited this company | ₹30.17 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Sikar, Rajasthan, India |
| Scorpius Trackers Private Limited | ₹30.1 Cr (FY 2023) | •••• | •••• | -81.0% | •••• | Pune, Maharashtra, India |
| Vertex Power Solutions Private Limited | ₹30.08 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Chennai, Tamil Nadu, India |
| Globose Systems and Solution Private Limited | ₹30.04 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Vidyaranyapura, Karnataka, India |
| Onix Solar Energy Limited Listed | ₹29.81 Cr (FY 2025) | •••• | •••• | 157605.0% | •••• | Mumbai, Maharashtra, India |
| Rao Electromechanical Relays Private Limited | ₹29.77 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Hardik Transformers by revenue in the Power industry (Power Equipment Manufacturers), 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 Hardik Transformers Private Limited
Hardik Transformers Private Limited is audited by MANOJ GOYAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANOJ GOYAL & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Hardik Transformers Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Hardik Transformers Private Limited
Open charges
₹23.71 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2023 | Hdfc Bank Limited | ₹17 Cr | Open |
| 31 Aug 2022 | Axis Bank Limited | ₹23.27 Lakh | Open |
| 01 Jun 2020 | State Bank of India | ₹32 Lakh | Open |
| 25 Apr 2018 | State Bank of India | ₹5.25 Lakh | Open |
| 13 Jul 2010 | State Bank of India | ₹5.6 Cr | Open |
Total charge records: 6 View all charges
MSME Payment Delays by Hardik Transformers Private Limited
Hardik Transformers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 80 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Pankaj Fabricators | •••• | •••• | •••• |
| Sanwaria Enterprises | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Mittal Steel | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Hardik Transformers Private Limited
Employment history and EPFO contributions of people linked to Hardik Transformers.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Hardik Transformers Private Limited
Hardik Transformers Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Kamal Kumar Mor ceased to be Director on 21 Feb 2024.
AGM
Hardik Transformers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 1,700.00 Lakh registered on 27 Dec 2023 with Charge ID 100840339 was modified on 28 Apr 2025.
Filing
Hardik Transformers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Ceased
Kamal Kumar Mor ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,700.00 Lakh with Charge ID 100840339 was registered on 27 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 23.27 Lakh with Charge ID 100642746 was registered on 31 Aug 2022.
Charges
A charge with State Bank Of India of Rs. 560.00 Lakh registered on 13 Jul 2010 with Charge ID 10231558 was modified on 25 May 2022.
Charges
A charge with State Bank Of India amounted to Rs. 32.00 Lakh with Charge ID 100341445 was registered on 01 Jun 2020.
Charges
A charge with State Bank Of India amounted to Rs. 5.25 Lakh with Charge ID 100187379 was registered on 25 Apr 2018.
Charges
A charge with State Bank Of India amounted to Rs. 50.00 Lakh with Charge ID 10231557 was registered on 13 Jul 2010.
Charges
A charge with State Bank Of India amounted to Rs. 560.00 Lakh with Charge ID 10231558 was registered on 13 Jul 2010.
Appointed
Shusheela Mor was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hardik Transformers Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Hardik Transformers Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Hardik Transformers Private Limited
Hardik Transformers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCH4294G1ZH | Rajasthan | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Hardik Transformers Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Hardik Transformers Private Limited
Hardik Transformers is an active private limited company based in Sikar, Rajasthan, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 22 June 2010 (16+ years old) and is registered under CIN U31102RJ2010PTC032162.
Hardik Transformers reported revenue of ₹30.17 Cr for FY 2024 (down 10% YoY).
Hardik Transformers has 2 current directors:
- Shusheela Mor - Director
- Vivek Mor - Director
Hardik Transformers reported a net profit of ₹40.15 Lakh (net margin 1.3%) and EBITDA of ₹1.18 Cr (EBITDA margin 3.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hardik Transformers is 38% over three years and 20% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hardik Transformers is 08AACCH4294G1ZH, registered in Rajasthan.
The CIN (Corporate Identification Number) of Hardik Transformers is U31102RJ2010PTC032162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hardik Transformers was incorporated on 22 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Hardik Transformers by revenue are Sun Automat Controls Private Limited, Eds Instruments and Systems Private Limited, D.B. Electricals Private Limited, Koleshvari Infratech Private Limited, Zypher Power Labs Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Kamal Kumar Mor ceased to be Director on 21 Feb 2024. Shusheela Mor was appointed as Director on 22 Jun 2010. Vivek Mor was appointed as Director on 22 Jun 2010.
Yes, Hardik Transformers is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-30-0017255).
Hardik Transformers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 80 overdue payments to 18 micro and small suppliers. The latest return was filed on 08 Jun 2019.