About Jsti Transformers Private Limited
Data last updated:
Jsti Transformers Private Limited is a private limited company based in Baddi, Himachal Pradesh, India, a subsidiary of J S T Transformateurs S.A.S, France. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 04 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U31401HP2009PTC031036. Its GSTIN is 02AACCJ1285D1Z4 (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹46.52 Cr. It was formerly known as Jst Stesalit Transformers Private Limited and Jst Transformers India Private Limited. It is led by directors including Amit Solanki and Stephane Giral.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hb 214 Hilltop Industrial Area – 1 Jharmajri Bhataulikalan, Baddi, Himachal Pradesh, India – 174103.
As per the financials filed for FY 2025, the company reported a revenue of ₹97.86 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹4.81 Cr (net margin 4.9%) and EBITDA of ₹9.36 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 124% over three years and 52% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: JST Transformateurs. As per MCA filings, the company has satisfied charges of ₹4.8 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹46.51 Cr; the latest was in July 2025. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is J.R. Transformers Private Limited with revenue of ₹99.53 Cr. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 108 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jst-transformers.eu.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressHb 214 Hilltop Industrial Area – 1 Jharmajri Bhataulikalan, Baddi, Himachal Pradesh, India – 174103
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
Business Activity of Jsti Transformers Private Limited
The main business activity of Jsti Transformers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Jsti Transformers Private Limited FY 2025 filings available
Jsti Transformers Private Limited reported revenue of ₹97.86 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Jsti Transformers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 21% growth in the latest year. EBITDA rose 59% 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 Jsti Transformers 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 | ₹9.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.81 Cr | •••• | •••• | •••• | •••• |
| 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 Jsti Transformers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.9% | •••• | •••• | •••• | •••• |
| 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 Jsti Transformers 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.
Peer Comparison of Jsti Transformers Private Limited
Jsti Transformers Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J.R. Transformers Private Limited | ₹99.53 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bathinda, Punjab, India |
| Sunurja Renewable Energy Private Limited | ₹98.87 Cr (FY 2015) | •••• | •••• | 1.0% | •••• | Delhi, India |
| Asj Solar Energy Private Limited | ₹98.76 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Hyderabad, Telangana, India |
| Rhine Power Private Limited | ₹98.46 Cr (FY 2025) | •••• | •••• | 152.0% | •••• | Delhi, India |
| Continental Engineering Works Private Limited | ₹98.35 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Kolkata, West Bengal, India |
| Jsti Transformers Private Limited this company | ₹97.86 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Baddi, Himachal Pradesh, India |
| Guts Electro-Mech Limited | ₹97.83 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
| Precimeasure Controls Private Limited | ₹97.65 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Powertech Electroinfra Private Limited | ₹97.62 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Delhi, India |
| DN Wind Systems India Private Limited | ₹96.66 Cr (FY 2016) | •••• | •••• | 372.0% | •••• | Peth Vadgaon, Maharashtra, India |
| Softcon Systems Private Limited | ₹96.39 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Jsti Transformers by revenue in the Power industry (Power Equipment Manufacturers), 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 Jsti Transformers Private Limited
Jsti Transformers Private Limited is audited by UDYEN JAIN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UDYEN JAIN & 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 Jsti Transformers Private Limited
Jsti Transformers has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Solanki | Director | 25 Jul 2022 | 4 Years 2 Months | Current |
| Stephane Giral | Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Nicolas Pierre Alexis Mathieu | Additional Director | 05 Feb 2025 | 1 Years 8 Months | Current |
Ownership and Shareholding of Jsti Transformers 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 Jsti Transformers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2012 | Dy. Director of Industries with Parripassu Charge with Societe Generale | ₹4.8 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Jsti Transformers Private Limited
Jsti Transformers Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹46.51 Cr; the latest was in July 2025.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹22.38 Cr | Investors: an individual |
| Jul 2018 | Funding round | ₹10.62 Cr | Investors: an individual |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Stesalit Limited |
| Sep 2009 | Funding round | ₹13.51 Cr | Investors: Stesalit Limited , an individual |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Jsti Transformers Private Limited
Jsti Transformers Private Limited has 8 court cases on record: 6 filed by Jsti Transformers, 2 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Court case (COPC) | Filed by the company against an individual | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against State of HP | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Registrar of Companies Himachal Pradesh | Disposed |
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Jsti Transformers Private Limited
Jsti Transformers Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 108 overdue payments to 6 micro and small suppliers. 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 (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Permali Wallace Private Limited | •••• | •••• | •••• |
| Nu-Cork Products Pvt Ltd | •••• | •••• | •••• |
| Sahney Kirkwood Private Limited | •••• | •••• | •••• |
| Baroda Valves & Solenoids | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Jsti Transformers Private Limited
Jsti Transformers operates one associated brand: JST Transformateurs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power transformers are manufactured by JST Transformateurs in France. | jst-transformers.eu |
Employees and EPFO Compliance at Jsti Transformers Private Limited
Jsti Transformers Private Limited has a workforce of 68 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.
Name History of Jsti Transformers Private Limited
Jsti Transformers has undergone 2 name changes throughout its history. The company was previously known as Jst Stesalit Transformers Private Limited, and Jst Transformers India Private Limited. The current legal name is Jsti Transformers Private Limited.
| Company Name | Status |
|---|---|
| Jsti Transformers Private Limited | Current |
| Jst Stesalit Transformers Private Limited | Previous |
| Jst Transformers India Private Limited | Previous |
Recent Activity on Jsti Transformers Private Limited
Jsti Transformers Private Limited has 18 board changes on record since 2010: 5 appointments and 13 cessations. The latest: Nicolas Pierre Alexis Mathieu was appointed as Additional Director on 05 Feb 2025.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Jsti Transformers 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.
Subsidiaries & Group Companies of Jsti Transformers 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 Jsti Transformers Private Limited
Jsti Transformers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AACCJ1285D1Z4 | Himachal Pradesh | 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.
MCA Filings & Documents of Jsti Transformers 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 Jsti Transformers Private Limited
Jsti Transformers is an active private limited company based in Baddi, Himachal Pradesh, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 04 February 2009 (17+ years old) and is registered under CIN U31401HP2009PTC031036.
Jsti Transformers reported revenue of ₹97.86 Cr for FY 2025 (up 21% YoY).
Jsti Transformers has 3 current directors:
- Amit Solanki - Director
- Stephane Giral - Director
- Nicolas Pierre Alexis Mathieu - Additional Director
Jsti Transformers reported a net profit of ₹4.81 Cr (net margin 4.9%) and EBITDA of ₹9.36 Cr (EBITDA margin 9.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Jsti Transformers is 124% over three years and 52% over five years. In the latest year (FY 2025) revenue rose 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Jsti Transformers is 02AACCJ1285D1Z4, 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 Jsti Transformers is U31401HP2009PTC031036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jsti Transformers has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
Jsti Transformers was incorporated on 04 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Jsti Transformers has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹46.51 Cr; the latest was in July 2025.
The peers of Jsti Transformers by revenue are J.R. Transformers Private Limited, Sunurja Renewable Energy Private Limited, Asj Solar Energy Private Limited, Rhine Power Private Limited, Continental Engineering Works Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Nicolas Pierre Alexis Mathieu was appointed as Additional Director on 05 Feb 2025. Kailash Korla was appointed as Company Secretary on 01 Sep 2023. Amit Solanki ceased to be Additional Director on 29 Sep 2022. Jsti Transformers has 18 board changes on record in total.