MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-CH-01-0015154
Harness Overseas Private Limited - consumer electronics & durables in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.91 Cr
▼ 7% YoY
Net profit · FY 2025
₹39.33 Lakh
Net margin 4%
EBITDA · FY 2025
₹81.77 Lakh
EBITDA margin 8.3%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.4 Cr
Issued & subscribed
Open charges
₹3.05 Cr
Satisfied ₹2.5 Cr
Company age
42 yrs
Est. 1984
Directors on board
4
As per MCA filings
About Harness Overseas Private Limited
Data last updated:
Harness Overseas Private Limited is a private limited company based in Chandigarh, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 27 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51909CH1984PTC006076. Its GSTIN is 03AAACH4323E1ZB (Punjab). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.4 Cr. It was formerly known as Elektromek Power Cables Pvt Ltd and Elektromek Exports Private Limited. It is led by directors including Gurbakhash Singh Sanghera and Parvinder Singh Sandhu.
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 House No. 747 Second Floor Sector 11 B, Chandigarh, India – 160011.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.91 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹39.33 Lakh (net margin 4%) and EBITDA of ₹81.77 Lakh (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹3.05 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Harness Overseas Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CH-01-0015154). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harnessasia.com.
Company details
CIN U51909CH1984PTC006076
Registration Number 006076
Incorporation Date 27 December 1984
ROC Chandigarh
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 Micro
Udyam Registration UDYAM-CH-01-0015154
Name history
Harness Overseas has undergone 2 name changes throughout its history. The company was previously known as Elektromek Power Cables Pvt Ltd, and Elektromek Exports Private Limited. The current legal name is Harness Overseas Private Limited.
| Company Name | Status |
|---|---|
| Harness Overseas Private Limited | Current |
| Elektromek Power Cables Pvt Ltd | Previous |
| Elektromek Exports Private Limited | Previous |
Key People
Gurbakhash Singh Sanghera Director Parvinder Singh Sandhu Director Gurbinder Singh Sandhu Director Recognitions & Rankings of Harness Overseas
Contact details
Harness Overseas Private Limited's registered office is in Chandigarh, Chandigarh. Its website is harnessasia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No. 747 Second Floor Sector 11 B, Chandigarh, India – 160011
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Harness Overseas Private Limited, buy the company report.
Comprehensive company report
Harness Overseas 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 Harness Overseas is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Harness Overseas Private Limited, buy the company report.
Financials of Harness Overseas Private Limited
FY 2025 filings availableHarness Overseas Private Limited reported revenue of ₹9.91 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹9.91 Cr ▼ 7%
Net profit · FY 2025
₹39.33 Lakh margin 4%
EBITDA · FY 2025
₹81.77 Lakh margin 8.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 35%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 53%
5 years · compounded
▲ 24%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 4% 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 |
|---|---|---|---|---|---|
| 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 | ₹81.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.33 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 4% | ||||
| 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 Harness Overseas Private Limited, buy the company report.
Board of directors of Harness Overseas Private Limited
Harness Overseas has 4 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 |
|---|---|---|---|---|
| Gurbakhash Singh Sanghera | Director | 21 Mar 2009 | 17 Years 7 Months | Current |
| Parvinder Singh Sandhu Also directs: Fin Labs Audio Private Limited, Harness Overseas Mktg.Private Limited, Ariel Engineers Private Limited and 1 more | Director | 02 Feb 1996 | 30 Years 9 Months | Current |
| Gurbinder Singh Sandhu Also directs: Leca Storage Private Limited, Avian Tech Solutions Private Limited | Director | 29 Dec 2001 | 24 Years 10 Months | Current |
| Lalit Chopra | Director | 27 Dec 1984 | 41 Years 10 Months | Current |
Peer comparison
Harness Overseas Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GPRK Technologies Private Limited | ₹9.93 Cr (FY 2024) | 1119.0% | Indore, Madhya Pradesh, India | |||
| Hertz Digitron Private Limited | ₹9.92 Cr (FY 2024) | -4.0% | Kolkata, West Bengal, India | |||
| Harness Overseas Private Limitedthis company | ₹9.91 Cr (FY 2025) | ₹39.33 Lakh | 4% | -7.0% | Chandigarh, India | |
| Third Wave Power India Private Limited | ₹9.91 Cr (FY 2024) | -14.0% | New Delhi, Delhi, India | |||
| M.S. Kumar Electricals Private Limited | ₹9.9 Cr (FY 2025) | -29.0% | New Delhi, Delhi, India | |||
| Pushti Electricals Pvt Ltd | ₹9.87 Cr (FY 2025) | 40.0% | Mumbai, Maharashtra, India | |||
| GKM Power Projects Private Limited | ₹9.86 Cr (FY 2025) | -17.0% | Delhi, India |
To see the full peer comparison of Harness Overseas Private Limited, buy the company report.
Auditor
Harness Overseas Private Limited is audited by SHIV K GUPTA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIV K GUPTA & ASSOCIATES | FY 2022 | 006946N |
Shareholding
The shareholding of Harness Overseas 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harness Overseas Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.05 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2022 | 100575417 | Others | ₹18 Lakh | Open | |
| 02 Sep 2020 | 100429227 | Others | ₹2.87 Cr | Open | |
| 11 Jun 2013 | 10435505 | State Bank of India | ₹2.5 Cr | Satisfied |
To see the full charge records of Harness Overseas Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Harness Overseas Private Limited has 1 court case on record: 1 filed by Harness Overseas. 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, Chandigarh | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
To see the full case history of Harness Overseas 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
Harness Overseas Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Harness Overseas Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Harness Overseas has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACH4323E1ZB | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harness Overseas Private Limited, buy the company report.
Recent activity
Harness Overseas Private Limited has 5 board changes on record since 1984: 4 appointments and 1 cessation. The latest: Maninder Singh ceased to be Director on 24 May 2013.
AGM
Harness Overseas Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Harness Overseas Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Others of Rs. 2.87 Cr registered on 02 Sep 2020 with Charge ID 100429227 was modified on 21 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100575417 was registered on 31 Mar 2022.
Charges
A charge registered on 11 Jun 2013 via Charge ID 10435505 with State Bank Of India was fully satisfied on 03 Sep 2020.
Charges
A charge with Others amounted to Rs. 2.87 Cr with Charge ID 100429227 was registered on 02 Sep 2020.
Charges
A charge with State Bank Of India amounted to Rs. 2.50 Cr with Charge ID 10435505 was registered on 11 Jun 2013.
Ceased
Maninder Singh ceased to be Director.
Appointed
Gurbakhash Singh Sanghera was appointed as Director.
Appointed
Gurbinder Singh Sandhu was appointed as Director.
Appointed
Parvinder Singh Sandhu was appointed as Director.
Appointed
Lalit Chopra was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Harness Overseas is an active private limited company based in Chandigarh, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 27 December 1984 (42+ years old) and is registered under CIN U51909CH1984PTC006076.
Harness Overseas has 4 current directors:
- Gurbakhash Singh Sanghera - Director
- Parvinder Singh Sandhu - Director
- Gurbinder Singh Sandhu - Director
- Lalit Chopra - Director
The latest financial statements of Harness Overseas 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 Harness Overseas is 03AAACH4323E1ZB, registered in Punjab. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Harness Overseas is U51909CH1984PTC006076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harness Overseas has 1 court case on record: 1 filed by the company.
Harness Overseas was incorporated on 27 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Harness Overseas by revenue are GPRK Technologies Private Limited, Hertz Digitron Private Limited, Third Wave Power India Private Limited, M.S. Kumar Electricals Private Limited, Pushti Electricals Pvt Ltd and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Maninder Singh ceased to be Director on 24 May 2013. Gurbakhash Singh Sanghera was appointed as Director on 21 Mar 2009. Gurbinder Singh Sandhu was appointed as Director on 29 Dec 2001. Harness Overseas has 5 board changes on record in total.
Yes, Harness Overseas is registered as a micro enterprise under Udyam registration (number: UDYAM-CH-01-0015154).
Harness Overseas has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Harness Overseas can be reached through the website harnessasia.com. Its registered office is in Chandigarh, India.
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