About Honavar Electrodes Private Limited
Data last updated:
Honavar Electrodes Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 28 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31909MH1992PTC066971. Its GSTIN is 27AAACH0376H1ZQ (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Honavar Electrodes Limited. It is led by directors including Uday Ramdas Honavar (Whole-Time Director) and Avinash Bhaskar Mudbhatkal (Whole-Time Director).
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 305 – 309 Damji Shamji Industirial Complex 9 L.B.S.Marg Kurla (W), Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.37 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹2.46 Lakh (net margin 3.9%) and EBITDA of ₹3.85 Lakh (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 79% over three years and 60% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹7.86 Cr 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 honavarelectrodes.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address305 – 309 Damji Shamji Industirial Complex 9 L.B.S.Marg Kurla (W), Mumbai, Maharashtra, India – 400070
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
CIN History of Honavar Electrodes Private Limited
Honavar Electrodes has one previous CIN (Corporate Identification Number): U31909MH1992PLC066971. The current CIN is U31909MH1992PTC066971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909MH1992PTC066971 | Current |
| U31909MH1992PLC066971 | Previous |
Business Activity of Honavar Electrodes Private Limited
The main business activities of Honavar Electrodes are manufacturing and trade. In detail, this covers metal and metal products and retail trading. 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 |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
| G | Trade | G2 | Retail Trading | 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.
Auditor Details of Honavar Electrodes Private Limited
Honavar Electrodes Private Limited is audited by SHARMA SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARMA SHAH & ASSOCIATES | 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 Honavar Electrodes Private Limited
Honavar Electrodes has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uday Ramdas Honavar | Whole-Time Director | 01 Feb 1993 | 33 Years 8 Months | Current |
| Avinash Bhaskar Mudbhatkal | Whole-Time Director | 01 Feb 1995 | 31 Years 8 Months | Current |
| Dinkar Shripad Honavar | Whole-Time Director | 28 May 1992 | 34 Years 4 Months | Current |
Financials of Honavar Electrodes Private Limited FY 2025 filings available
Honavar Electrodes Private Limited reported revenue of ₹62.37 Lakh (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Honavar Electrodes Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 5% fall in the latest year. EBITDA fell 14% 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 Honavar Electrodes Private Limited
| 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 | ₹3.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.46 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 Honavar Electrodes Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Honavar Electrodes are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Honavar Electrodes 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 Honavar Electrodes Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2002 | The Shmrao Vithal Co-Op. Bank Ltd. | ₹3.61 Lakh | Satisfied |
| 17 Sep 2001 | The Shmrao Vithal Co-Op. Bank Ltd. | ₹3.98 Lakh | Satisfied |
| 03 Aug 2001 | The Shmrao Vithal Co-Op. Bank Ltd. | ₹4.63 Cr | Satisfied |
| 28 Jul 1998 | The Shmrao Vithal Co-Op. Bank Ltd. | ₹1.25 Cr | Satisfied |
| 10 Oct 1997 | The Shmrao Vithal Co-Op. Bank Ltd. | ₹57.93 Lakh | Satisfied |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Honavar Electrodes Private Limited
Honavar Electrodes Private Limited has a workforce of 55 employees as of Apr 04, 2024.
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.
GST Compliance of Honavar Electrodes Private Limited
Honavar Electrodes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH0376H1ZQ | Maharashtra | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Honavar Electrodes 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 Honavar Electrodes 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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Honavar Electrodes 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.
MCA Filings & Documents of Honavar Electrodes 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.
Recent Activity on Honavar Electrodes Private Limited
Frequently Asked Questions about Honavar Electrodes Private Limited
Honavar Electrodes is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 28 May 1992 (34+ years old) and is registered under CIN U31909MH1992PTC066971.
Honavar Electrodes reported revenue of ₹62.37 Lakh for FY 2025 (down 5% YoY).
Honavar Electrodes has 3 current directors:
- Uday Ramdas Honavar - Whole-Time Director
- Avinash Bhaskar Mudbhatkal - Whole-Time Director
- Dinkar Shripad Honavar - Whole-Time Director
Honavar Electrodes reported a net profit of ₹2.46 Lakh (net margin 3.9%) and EBITDA of ₹3.85 Lakh (EBITDA margin 6.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Honavar Electrodes is -79% over three years and -60% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Honavar Electrodes is 27AAACH0376H1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Honavar Electrodes is U31909MH1992PTC066971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honavar Electrodes was incorporated on 28 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Honavar Electrodes can be reached through the website honavarelectrodes.net. Its registered office is in Mumbai, Maharashtra, India.