About Harsha Engineers Limited
Data last updated:
Harsha Engineers Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 04 March 1986.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29259GJ1986PLC008520. The company has 8 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹35 Cr and a paid-up capital of ₹24.08 Cr. It was formerly known as Harsha Engineers Private Limited. It was led by directors including Harish Ranjit Rangwala (Managing Director) and Hetal Brijesh Ukani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 21 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Changodar Sarkhej – Bavla Road Po Changodar, Ahmedabad, Gujarat, India – 382213.
As per the financials filed for FY 2020, the company reported a revenue of ₹549.77 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹49.68 Cr (net margin 9%) and EBITDA of ₹122.68 Cr (EBITDA margin 22.3%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company had about 1,884 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 1 brand: Harsha Engineers. As per MCA filings, the company had satisfied charges of ₹380.68 Cr on record. Court records list 25 cases involving the company, including 5 filed by the company and 20 filed against it; 8 cases are pending. The company has 7 deals on record (7 secondary share transfers); the latest was in March 2019. Its 3 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is NSK Bearings India Private Limited with revenue of ₹926.36 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 76 overdue payments to 50 micro and small suppliers.
The last known website on record is harshaengineers.com.
Company details
Contact details
Harsha Engineers Limited's registered office is in Ahmedabad, Gujarat. Its website is harshaengineers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressChangodar Sarkhej – Bavla Road Po Changodar, Ahmedabad, Gujarat, India – 382213
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Harsha Engineers 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
Brands
Harsha Engineers operates one associated brand: Harsha Engineers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Six West End theatres are owned and operated for productions. | harshaengineers.com |
Business activity
The main business activity of Harsha Engineers is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Harsha Engineers Limited, buy the company report.
Financials of Harsha Engineers Limited
FY 2020 filings availableHarsha Engineers Limited reported revenue of ₹549.77 Cr (down 11% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 31% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹549.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹122.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹49.68 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.3% | ||||
| Net Profit Margin | 9% | ||||
| 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 Harsha Engineers Limited, buy the company report.
Board of directors of Harsha Engineers Limited
Harsha Engineers has 8 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hetal Brijesh Ukani | Whole-Time Director | 21 Nov 2019 | 6 Years 11 Months | As last reported |
| Rajendra Shantilal Shah Also directs: Harsha Engineers International Limited, Transformers and Rectifiers (India) Limited, Ratnamani Metals and Tubes Limited and 2 more | Whole-Time Director | 04 Mar 1986 | 40 Years 7 Months | As last reported |
| Pilak Rajendra Shah | Whole-Time Director | 01 Apr 2010 | 16 Years 6 Months | As last reported |
| Harish Ranjit Rangwala Also directs: Harsha Engineers International Limited, Harsha Engineers Advantek Limited, Cleanmax Harsha Solar LLP and 3 more | Managing Director | 01 Apr 2010 | 16 Years 6 Months | As last reported |
| Kunal Dilipbhai Shah | Director | 10 Aug 2018 | 8 Years 2 Months | As last reported |
| Vishal Harish Rangwala Also directs: Harsha Engineers International Limited, Harsha Engineers Advantek Limited, First Light Asset Management Private Limited and 3 more | Whole-Time Director | 21 Jun 2010 | 16 Years 4 Months | As last reported |
Peer comparison
Harsha Engineers Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NSK Bearings India Private Limited | ₹926.36 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Timken Engineering and Research - India Private Limited | ₹829.87 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India | |||
| JBM Auto System Private Limited | ₹819.66 Cr (FY 2019) | -11.0% | New Delhi, Delhi, India | |||
| Harsha Engineers Limitedthis company | ₹549.77 Cr (FY 2020) | ₹49.68 Cr | 9% | -11.0% | 1,884 | Ahmedabad, Gujarat, India |
To see the full peer comparison of Harsha Engineers Limited, buy the company report.
Auditor
Harsha Engineers Limited is audited by Pankaj R. Shah & Associates for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj R. Shah & Associates | FY 2020 | 107361W |
Shareholding
The shareholding of Harsha Engineers Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harsha Engineers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2017 | 100100844 | Citi Bank N.A. | ₹169 Cr | Satisfied | |
| 24 Feb 2016 | 10621603 | Others | ₹60 Cr | Satisfied | |
| 15 Sep 2014 | 10522847 | Hdfc Bank Limited | ₹35 Cr | Satisfied | |
| 07 Nov 2012 | 10388656 | Icici Bank Limited | ₹11.25 Cr | Satisfied | |
| 05 Sep 2011 | 10308063 | Citibank N.A. | ₹9 Cr | Satisfied |
To see the full charge records of Harsha Engineers Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Harsha Engineers Limited has 7 deals on record (7 secondary share transfers); the latest was in March 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Pilak Shah Family Trust, Vishal Rangwala Family Trust, Mili Mehta Family Trust Seller: Harish N Rangwala HUF, 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Harsha Engineers 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
Harsha Engineers Limited has 25 court cases on record: 5 filed by Harsha Engineers, 20 filed against it. 8 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 14 | 5 |
| District courts | 6 | 4 | 0 |
| Supreme Court | 2 | 2 | 2 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Moser Baer Energy Development Ltd(Now Porbandar Solar Power Ltd) Through Its Authorised Signatory Manish Verma Through Its Authorised Signatory Manish Verma 235, Okhla Industrial Estate, Phase III, New Delhi , District: New Delhi ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited General Manager (Com) General Manager (Com) Sardar Patel Vidyut Bhavan, Race Course , District: Vadodara ,Vadodara , Gujarat | Pending |
| High Court, GUJARAT | Appeal | Filed against the company by Employees State Insurance Corporation | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax 1, Ahmedabad | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax 1 | Pending |
To see the full case history of Harsha Engineers 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
Harsha Engineers Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 76 overdue payments to 50 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 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raagoma Tech Private Limited | |||
| Fluidlogic Systems Pvt Ltd | |||
| Airtorq India | |||
| an individual supplier | |||
| Hallmark Advanced Technology Private Limited |
To see the full MSME payment records of Harsha Engineers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Harsha Engineers has 2 subsidiary companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aastha Tools Private Limited | U29199GJ2002PTC041072 | |
| Harsha Engineers (India) Private Limited | U35303GJ2008PTC054503 |
To see the full group structure of Harsha Engineers Limited, buy the company report.
Employees & EPFO
Harsha Engineers Limited has a workforce of 1,884 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Harsha Engineers has 8 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Harsha Engineers Limited, buy the company report.
Recent activity
Harsha Engineers Limited has 19 board changes on record since 1986: 8 appointments and 11 cessations. The latest: Munjal Harish Rangwala ceased to be Director on 20 Mar 2021.
33 earlier events are in the company report.
News
Frequently asked questions
Harsha Engineers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Harsha Engineers was a public limited company based in Ahmedabad, Gujarat, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 04 March 1986 and is registered under CIN U29259GJ1986PLC008520. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Harsha Engineers was incorporated on 04 March 1986. It is registered with the Registrar of Companies, Ahmedabad.
Harsha Engineers had 8 directors:
- Harish Ranjit Rangwala - Managing Director
- Hetal Brijesh Ukani - Whole-Time Director
- Rajendra Shantilal Shah - Whole-Time Director
- Pilak Rajendra Shah - Whole-Time Director
- Vishal Harish Rangwala - Whole-Time Director
- Kunal Dilipbhai Shah - Director
- Ambar Jayantilal Patel - Director
- Neharika Vohra - Director
The CIN (Corporate Identification Number) of Harsha Engineers is U29259GJ1986PLC008520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Harsha Engineers is at Changodar Sarkhej – Bavla Road Po Changodar, Ahmedabad, Gujarat, India – 382213.
Harsha Engineers can be reached through the website harshaengineers.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Harsha Engineers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 21 September 2020. Year-wise statements from 2015 are in the company report.
No. Harsha Engineers has 8 GST registrations on record and all of them are cancelled or inactive.
Harsha Engineers operated in the machinery and equipment industry, in the industrial tools and components segment.
Harsha Engineers has 7 deals on record (7 secondary share transfers); the latest was in March 2019.
The peers of Harsha Engineers by revenue are NSK Bearings India Private Limited, Timken Engineering and Research - India Private Limited, JBM Auto System Private Limited, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).