About Himachal Pradesh State Electronics Devp Corpn Ltd
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Himachal Pradesh State Electronics Devp Corpn Ltd is a private limited state government company based in Shimla, Himachal Pradesh, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 22 October 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U78100HP1984SGC005992. Its GSTIN is 02AAACH3904P2ZO (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.72 Cr. It is led by directors including Virender Sharma (Managing Director) and Nipun Jindal (Managing Director).
Its last annual general meeting (AGM) was held on 20 November 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ground And First Floor I.T. Bhawan Mehli, Shimla, Himachal Pradesh, India – 171013.
As per the financials filed for FY 2023, the company reported a revenue of ₹162.32 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.72 Cr (net margin 4.1%) and EBITDA of ₹8.33 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 25% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hpsedc. As per MCA filings, the company has open charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hpsedc.in.
Company details
CIN history
Himachal Pradesh State Electronics Devp Corpn has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U78100HP1984SGC005992, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U78100HP1984SGC005992 | Current |
| L32109HP1984PLC005992 | Previous |
| U32109HP1984PLC005992 | Previous |
Contact details
Himachal Pradesh State Electronics Devp Corpn Ltd's registered office is in Shimla, Himachal Pradesh.
- Registered AddressGround And First Floor I.T. Bhawan Mehli, Shimla, Himachal Pradesh, India – 171013
- IndustryInformation Technology, IT Products 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
Business activity
The main business activity of Himachal Pradesh State Electronics Devp Corpn is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Himachal Pradesh State Electronics Devp Corpn Ltd, buy the company report.
Financials of Himachal Pradesh State Electronics Devp Corpn Ltd
FY 2023 filings availableHimachal Pradesh State Electronics Devp Corpn Ltd reported revenue of ₹162.32 Cr (up 201% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 201% growth in the latest year. EBITDA rose 822% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹162.32 Cr | ||||
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| EBITDA | ₹8.33 Cr | ||||
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| Net Profit (PAT) | ₹6.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 4.1% | ||||
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To see the full financial statements and ratios of Himachal Pradesh State Electronics Devp Corpn Ltd, buy the company report.
Board of directors of Himachal Pradesh State Electronics Devp Corpn Ltd
Himachal Pradesh State Electronics Devp Corpn has 4 current directors and 48 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Virender Sharma | Managing Director | 07 Mar 2025 | 1 Years 7 Months | Current |
| Yunus | Nominee Director | 20 Nov 2024 | 1 Years 11 Months | Current |
| Nipun Jindal | Managing Director | 20 May 2024 | 2 Years 5 Months | Current |
| Kahlon Rakhil | Nominee Director | 20 Nov 2024 | 1 Years 11 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 1989 | 90181562 | State Bank of Patiala | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Himachal Pradesh State Electronics Devp Corpn Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Himachal Pradesh State Electronics Devp Corpn Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Himachal Pradesh State Electronics Devp Corpn has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACH3904P2ZO | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Himachal Pradesh State Electronics Devp Corpn Ltd, buy the company report.
Recent activity
Himachal Pradesh State Electronics Devp Corpn Ltd has 52 board changes on record since 2007: 4 appointments and 48 cessations. The latest: Virender Sharma was appointed as Managing Director on 07 Mar 2025.
44 earlier events are in the company report.
Frequently asked questions
Himachal Pradesh State Electronics Devp Corpn is an active private limited state government company based in Shimla, Himachal Pradesh, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 22 October 1984 (42+ years old) and is registered under CIN U78100HP1984SGC005992.
Himachal Pradesh State Electronics Devp Corpn has 4 current directors:
- Virender Sharma - Managing Director
- Nipun Jindal - Managing Director
- Yunus - Nominee Director
- Kahlon Rakhil - Nominee Director
The latest financial statements of Himachal Pradesh State Electronics Devp Corpn on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 20 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Himachal Pradesh State Electronics Devp Corpn is 02AAACH3904P2ZO, registered in Himachal Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Himachal Pradesh State Electronics Devp Corpn is U78100HP1984SGC005992. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Himachal Pradesh State Electronics Devp Corpn was incorporated on 22 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Virender Sharma was appointed as Managing Director on 07 Mar 2025. Anurag Chander Sharma ceased to be Managing Director on 20 Nov 2024. Kahlon Rakhil was appointed as Nominee Director on 20 Nov 2024. Himachal Pradesh State Electronics Devp Corpn has 52 board changes on record in total.
Himachal Pradesh State Electronics Devp Corpn can be reached through the website hpsedc.in. Its registered office is in Shimla, Himachal Pradesh, India.
The registered office of Himachal Pradesh State Electronics Devp Corpn is at Ground And First Floor I.T. Bhawan Mehli, Shimla, Himachal Pradesh, India – 171013.
Himachal Pradesh State Electronics Devp Corpn operates in the information technology industry, in the IT products retail and distribution segment.