MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0084959
Indorigin Electric Limited
Indorigin Electric Limited - financial services in Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.67 Cr
▼ 83% YoY
Net profit · FY 2024
₹52.65 Lakh
Net margin 6.1%
EBITDA · FY 2024
₹7.03 Cr
EBITDA margin 81.1%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹14.5 Lakh
Issued & subscribed
Open charges
₹120.37 Cr
Satisfied ₹60.25 Cr
Company age
65 yrs
Est. 1961
Employees · EPFO
8
Provident fund records
About Indorigin Electric Limited
Data last updated:
Indorigin Electric Limited is a public limited company based in Maharashtra, India, a subsidiary of Automatic Electric Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 18 March 1961 and has been in existence for over 65 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31100MH1961PLC011953. Its GSTIN is 27AAACI1040B1ZE (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹14.5 Lakh. It is led by directors including Pallavi Sharad Bal and Sharad Dattatraya Bal.
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 Rectifier House 570 Naigaumcross Road (East) Wadala Bombay – 400 031, Maharashtra, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.67 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹52.65 Lakh (net margin 6.1%) and EBITDA of ₹7.03 Cr (EBITDA margin 81.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 9% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹120.37 Cr and satisfied charges of ₹60.25 Cr on record. Court records list 10 cases involving the company, including 1 filed by the company and 9 filed against it; 2 cases are pending.
Indorigin Electric Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0084959). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31100MH1961PLC011953
Registration Number 011953
Incorporation Date 18 March 1961
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Automatic Electric Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0084959
Recognitions & Rankings of Indorigin Electric
Contact details
Indorigin Electric Limited's registered office is in Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRectifier House 570 Naigaumcross Road (East) Wadala Bombay – 400 031, Maharashtra, India
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Indorigin Electric Limited, buy the company report.
Comprehensive company report
Indorigin Electric 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Indorigin Electric is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Indorigin Electric Limited, buy the company report.
Financials of Indorigin Electric Limited
FY 2025 filings availableIndorigin Electric Limited reported revenue of ₹8.67 Cr (down 83% YoY) for FY 2024.
Revenue · FY 2024
₹8.67 Cr ▼ 83%
Net profit · FY 2024
₹52.65 Lakh margin 6.1%
EBITDA · FY 2024
₹7.03 Cr margin 81.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 83%
3 years · compounded
▲ 6%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 86%
3 years · compounded
▲ 9%
5 years · compounded
▲ 26%
Revenue fell 83% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 86% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹7.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.65 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.1% | ||||
| Net Profit Margin | 6.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Indorigin Electric Limited, buy the company report.
Board of directors of Indorigin Electric Limited
Indorigin Electric has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallavi Sharad Bal | Director | 18 Feb 2003 | 23 Years 8 Months | Current |
| Sharad Dattatraya Bal Also directs: Padmanabh Pioneer Promoters LLP, Vrinda Sharad Bal Construction LLP, Yash Samruddhi Procorp LLP and 5 more | Director | 18 Feb 2003 | 23 Years 8 Months | Current |
| Vrinda Sharad Bal Also directs: Padmanabh Pioneer Promoters LLP, Vrinda Sharad Bal Construction LLP, Yash Samruddhi Procorp LLP and 5 more | Director | 18 Feb 2003 | 23 Years 8 Months | Current |
Peer comparison
Indorigin Electric Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Karnataka Leasing and Commercial Corporation Limited | ₹8.69 Cr (FY 2024) | 1873.0% | Bangalore, Karnataka, India | |||
| Atritej Realtors Private Limited | ₹8.68 Cr (FY 2025) | 60.0% | Mumbai, Maharashtra, India | |||
| Indorigin Electric Limitedthis company | ₹8.67 Cr (FY 2024) | ₹52.65 Lakh | 6.1% | -83.0% | 8 | Maharashtra, India |
| Bgse Properties and Securities Limited | ₹8.66 Cr (FY 2025) | 157.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Indorigin Electric Limited, buy the company report.
Auditor
Indorigin Electric Limited is audited by MOHAN L PARANJAPE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHAN L PARANJAPE | FY 2023 | 101088 |
Shareholding
The shareholding of Indorigin Electric Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indorigin Electric Limited, buy the company report.
Charges & borrowings
Open charges
₹120.37 Cr
Satisfied charges
₹60.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2021 | 100527960 | Others | ₹3 Cr | Open | |
| 30 Oct 2021 | 100505969 | Others | ₹1.57 Cr | Open | |
| 30 Jan 2020 | 100320879 | Others | ₹2.55 Cr | Open | |
| 30 Jan 2020 | 100320888 | Others | ₹2.55 Cr | Open | |
| 01 Feb 2019 | 100249406 | Others | ₹2.15 Cr | Open |
To see the full charge records of Indorigin Electric Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Indorigin Electric Limited has 10 court cases on record: 1 filed by Indorigin Electric, 9 filed against it. 2 cases are pending and 8 are disposed.
Total cases
10
Filed by the company
1
Filed against the company
9
Pending
2
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 6 | 0 |
| District courts | 4 | 3 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Reliance Capital Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Reliance General Insurance Company Ltd. | Disposed |
| Bombay High Court | Commercial suit | Filed against the company by Reliance Capital Limited | Disposed |
| Bombay High Court | Commercial suit | Filed against the company by Reliance General Insurance Company Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Indorigin Electric 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
No delayed payments to MSME suppliers are on our record for Indorigin Electric Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indorigin Electric Limited has a workforce of 8 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
GST
Indorigin Electric has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1040B1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indorigin Electric Limited, buy the company report.
Recent activity
Indorigin Electric Limited has 3 board changes on record since 2003: 3 appointments. The latest: Pallavi Sharad Bal was appointed as Director on 18 Feb 2003.
AGM
Indorigin Electric Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indorigin Electric Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge registered on 31 Dec 2014 via Charge ID 10545501 with Janata Shakari Bank Ltd. Pune was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 31 Dec 2014 via Charge ID 10545503 with Janata Shakari Bank Ltd. Pune was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 29 Jul 2013 via Charge ID 10448197 with The Janata Sahakari Bank Limited was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 30 Apr 2013 via Charge ID 10428414 with The Janata Sahakari Bank Limited Pune was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 27 Dec 2012 via Charge ID 10398090 with The Janata Sahakari Bank Limited Pune was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 26 May 2012 via Charge ID 10366131 with Janata Sahakari Bank Ltd Pune was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 27 Oct 2008 via Charge ID 10133040 with Janata Sahakari Bank Limited Pune was fully satisfied on 06 Jun 2023.
Charges
A charge registered on 05 Dec 2009 via Charge ID 10203090 with Lokseva Sahakari Bank Limited was fully satisfied on 15 Dec 2022.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100527960 was registered on 31 Dec 2021.
Charges
A charge with Others amounted to Rs. 157.00 Lakh with Charge ID 100505969 was registered on 30 Oct 2021.
27 earlier events are in the company report.
Frequently asked questions
Indorigin Electric is an active public limited company based in Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 18 March 1961 (65+ years old) and is registered under CIN U31100MH1961PLC011953.
Indorigin Electric has 3 current directors:
- Pallavi Sharad Bal - Director
- Sharad Dattatraya Bal - Director
- Vrinda Sharad Bal - Director
The latest financial statements of Indorigin Electric 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 Indorigin Electric is 27AAACI1040B1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indorigin Electric is U31100MH1961PLC011953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indorigin Electric has 10 court cases on record: 1 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
Indorigin Electric was incorporated on 18 March 1961, making it 65+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indorigin Electric by revenue are Karnataka Leasing and Commercial Corporation Limited, Atritej Realtors Private Limited, Bgse Properties and Securities Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Pallavi Sharad Bal was appointed as Director on 18 Feb 2003. Sharad Dattatraya Bal was appointed as Director on 18 Feb 2003. Vrinda Sharad Bal was appointed as Director on 18 Feb 2003.
Yes, Indorigin Electric is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0084959).
The registered office of Indorigin Electric is at Rectifier House 570 Naigaumcross Road East Wadala Bombay – 400 031, Maharashtra, India.