About Jolly Electricals Private Limited
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Jolly Electricals Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 25 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ1989PTC012534. Its GSTIN is 24AAACJ4967A1ZV (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Dhanil Shah (Whole-Time Director) and Nilesh Vasantlal Shah.
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 S 09 Aries Complex87 Sampatrao Colony Baroda Productivity Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.74 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Cr (net margin 4.9%) and EBITDA of ₹2.32 Cr (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 43% over five years.
As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹8.37 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jollyelectricals.com.
Company details
Contact details
Jolly Electricals Private Limited's registered office is in Vadodara, Gujarat. Its website is jollyelectricals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS 09 Aries Complex87 Sampatrao Colony Baroda Productivity Road, Vadodara, Gujarat, India – 390007
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Jolly Electricals Private 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
Business activity
The main business activity of Jolly Electricals is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Jolly Electricals Private Limited, buy the company report.
Financials of Jolly Electricals Private Limited
FY 2025 filings availableJolly Electricals Private Limited reported revenue of ₹28.74 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 43%. EBITDA fell 5% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.32 Cr | ||||
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| Net Profit (PAT) | ₹1.42 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 4.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Jolly Electricals Private Limited, buy the company report.
Board of directors of Jolly Electricals Private Limited
Jolly Electricals has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Vasantlal Shah Also directs: Kina Buildcon LLP | Director | 25 Jul 1989 | 37 Years 3 Months | Current |
| Falguni Nilesh Shah | Director | 23 Oct 1993 | 33 Years 0 Months | Current |
| Dhanil Shah Also directs: Kina Buildcon LLP | Whole-Time Director | 01 Feb 2022 | 4 Years 9 Months | Current |
Peer comparison
Jolly Electricals Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Electronic Appliances Retail and Distribution, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fortune Technocomps Pvt Ltd | ₹28.88 Cr (FY 2025) | 41.0% | New Delhi, Delhi, India | |||
| Spectra Connectronics Private Limited | ₹28.77 Cr (FY 2016) | -5.0% | Mumbai, Maharashtra, India | |||
| Jolly Electricals Private Limitedthis company | ₹28.74 Cr (FY 2025) | ₹1.42 Cr | 4.9% | -19.0% | Vadodara, Gujarat, India | |
| Shanti Merchandise Private Limited | ₹28.74 Cr (FY 2018) | -35.0% | Kolkata, West Bengal, India | |||
| Fuevation Technology Solutions Private Limited | ₹28.73 Cr (FY 2024) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Jolly Electricals Private Limited, buy the company report.
Auditor
Jolly Electricals Private Limited is audited by JHS&ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHS&ASSOCIATES LLP | FY 2023 | 133288W |
Shareholding
The shareholding of Jolly Electricals Private 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 Jolly Electricals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2024 | 101013209 | Others | ₹5 Cr | Open | |
| 12 Feb 2024 | 100865619 | Others | ₹3 Cr | Satisfied | |
| 31 Jul 1998 | 90112455 | Others | ₹4.45 Cr | Satisfied | |
| 06 Oct 1997 | 90113134 | Bank of Baroda | ₹46 Lakh | Satisfied | |
| 08 Aug 1997 | 90112382 | Bank of Baroda | ₹46 Lakh | Satisfied |
To see the full charge records of Jolly Electricals Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Jolly Electricals Private Limited has 2 court cases on record: 2 filed by Jolly Electricals. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Disposed |
To see the full case history of Jolly Electricals Private 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
Jolly Electricals Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 6 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JN Lighting India LLP |
To see the full MSME payment records of Jolly Electricals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Jolly Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACJ4967A1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jolly Electricals Private Limited, buy the company report.
Recent activity
Jolly Electricals Private Limited has 3 board changes on record since 1989: 3 appointments. The latest: Dhanil Shah was appointed as Whole-Time Director on 01 Feb 2022.
5 earlier events are in the company report.
Frequently asked questions
Jolly Electricals is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 25 July 1989 (37+ years old) and is registered under CIN U31909GJ1989PTC012534.
Jolly Electricals has 3 current directors:
- Dhanil Shah - Whole-Time Director
- Nilesh Vasantlal Shah - Director
- Falguni Nilesh Shah - Director
The latest financial statements of Jolly Electricals 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 Jolly Electricals is 24AAACJ4967A1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Jolly Electricals is U31909GJ1989PTC012534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jolly Electricals has 2 court cases on record: 2 filed by the company.
Jolly Electricals was incorporated on 25 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Jolly Electricals by revenue are Fortune Technocomps Pvt Ltd, Spectra Connectronics Private Limited, Shanti Merchandise Private Limited, Fuevation Technology Solutions Private Limited, all in the Machinery and Equipment industry (Electronic Appliances Retail and Distribution, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading).
Dhanil Shah was appointed as Whole-Time Director on 01 Feb 2022. Falguni Nilesh Shah was appointed as Director on 23 Oct 1993. Nilesh Vasantlal Shah was appointed as Director on 25 Jul 1989.
Jolly Electricals has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 6 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Aug 2023.
Jolly Electricals can be reached through the website jollyelectricals.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Jolly Electricals is at S 09 Aries Complex87 Sampatrao Colony Baroda Productivity Road, Vadodara, Gujarat, India – 390007.
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