Harshali Optoelectronics Private Limited
About Harshali Optoelectronics Private Limited
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Harshali Optoelectronics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 30 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC316537. Its GSTIN is 27AAECH7014G1ZR (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Harshvardhan Jayesh Bhavsar (Managing Director) and Shalini Devendrapratap Rai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D – 1604 Marina Enclave Jankalyan Nagar Malad (W), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.14 Cr, a growth of 65% compared to the previous year. For the same year it recorded a net profit of ₹19.26 Lakh (net margin 1.6%) and EBITDA of ₹28.72 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
As per MCA filings, the company has open charges of ₹3.14 Cr on record.
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- Registered AddressD – 1604 Marina Enclave Jankalyan Nagar Malad (W), Mumbai, Maharashtra, India – 400064
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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 of Harshali Optoelectronics Private Limited
The main business activities of Harshali Optoelectronics are wholesale and retail trade; repair of motor vehicles and motorcycles and manufacturing. In detail, this covers wholesale trade, except of motor vehicles and motorcycles and manufacture of computer, electronic and optical products. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | Locked |
| C | Manufacturing | 26 | Manufacture of computer, electronic and optical products | Locked |
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 Harshali Optoelectronics Private Limited FY 2024 filings available
Harshali Optoelectronics Private Limited reported revenue of ₹12.14 Cr (up 65% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Harshali Optoelectronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 65% growth in the latest year. EBITDA rose 7% 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 Harshali Optoelectronics Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹12.14 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹28.72 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.26 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 Harshali Optoelectronics Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Harshali Optoelectronics are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Harshali Optoelectronics Private Limited
Harshali Optoelectronics Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Safal Enterprise Private Limited | ₹12.17 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Gandhinagar, Gujarat, India |
| Krishna Electrovision Private Limited | ₹12.17 Cr (FY 2023) | •••• | •••• | 5.0% | •••• | Sanand, Gujarat, India |
| VD Blueberry Private Limited | ₹12.16 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Bengaluru, Karnataka, India |
| Vyansut Electronics Private Limited | ₹12.16 Cr (FY 2024) | •••• | •••• | •••• | Fatehpur, Uttar Pradesh, India | |
| Deshmukh Solar Energy Private Limited | ₹12.14 Cr (FY 2023) | •••• | •••• | 17.0% | •••• | Nashik, Maharashtra, India |
| Harshali Optoelectronics Private Limited this company | ₹12.14 Cr (FY 2023) | •••• | •••• | 65.0% | •••• | Mumbai, Maharashtra, India |
| Micro Positive Private Limited | ₹12.13 Cr (FY 2025) | •••• | •••• | 1191.0% | •••• | Delhi, India |
| RCK Impex Private Limited | ₹12.12 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Exergy Heating Solutions Private Limited | ₹12.11 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Eltecks India Private Limited | ₹12.09 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Sonipat, Haryana, India |
| Servomax Limited | ₹12.09 Cr (FY 2022) | •••• | •••• | 21.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Harshali Optoelectronics by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 Harshali Optoelectronics Private Limited
Harshali Optoelectronics Private Limited is audited by SINGHAL & SEWAK for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHAL & SEWAK | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Harshali Optoelectronics Private Limited
Harshali Optoelectronics has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshvardhan Jayesh Bhavsar | Managing Director | 30 Oct 2018 | 7 Years 11 Months | Current |
| Shalini Devendrapratap Rai | Director | 30 Oct 2018 | 7 Years 11 Months | Current |
Ownership and Shareholding of Harshali Optoelectronics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Harshali Optoelectronics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Apr 2023 | Idbi Bank Limited | ₹75 Lakh | Open |
| 17 Nov 2021 | Idbi Bank Limited | ₹2.39 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Harshali Optoelectronics Private Limited
Employment history and EPFO contributions of people linked to Harshali Optoelectronics.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Harshali Optoelectronics Private Limited
Harshali Optoelectronics Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Harshvardhan Jayesh Bhavsar was appointed as Managing Director on 30 Oct 2018.
Credit Ratings, Litigation & Regulatory Alerts for Harshali Optoelectronics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Harshali Optoelectronics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Harshali Optoelectronics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Harshali Optoelectronics Private Limited
Harshali Optoelectronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECH7014G1ZR | Maharashtra | Active | 27 Dec 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Harshali Optoelectronics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Harshali Optoelectronics Private Limited
Harshali Optoelectronics is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 30 October 2018 (8+ years old) and is registered under CIN U74999MH2018PTC316537.
Harshali Optoelectronics reported revenue of ₹12.14 Cr for FY 2023 (up 65% YoY).
Harshali Optoelectronics has 2 current directors:
- Harshvardhan Jayesh Bhavsar - Managing Director
- Shalini Devendrapratap Rai - Director
Harshali Optoelectronics reported a net profit of ₹19.26 Lakh (net margin 1.6%) and EBITDA of ₹28.72 Lakh (EBITDA margin 2.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harshali Optoelectronics is 82% over three years. In the latest year (FY 2023) revenue rose 65%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Harshali Optoelectronics is 27AAECH7014G1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Harshali Optoelectronics is U74999MH2018PTC316537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harshali Optoelectronics was incorporated on 30 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Harshali Optoelectronics by revenue are Safal Enterprise Private Limited, Krishna Electrovision Private Limited, VD Blueberry Private Limited, Vyansut Electronics Private Limited, Deshmukh Solar Energy Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Harshvardhan Jayesh Bhavsar was appointed as Managing Director on 30 Oct 2018. Shalini Devendrapratap Rai was appointed as Director on 30 Oct 2018.
The registered office of Harshali Optoelectronics is at D – 1604 Marina Enclave Jankalyan Nagar Malad W, Mumbai, Maharashtra, India – 400064.