Korect Power Systems Private Limited
About Korect Power Systems Private Limited
Data last updated:
Korect Power Systems Private Limited is a private limited company based in Barhi, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 12 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2018PTC046525. Its GSTIN is 23AARCA2905N1ZG (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Akhilendra Pratap Singh and Chetan Bajaj.
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 C/O Sunil Tiwari House. 131 Ward No. 1 Amarnath Doli Road Barhi District Katni, Madhya Pradesh, India – 483770.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.43 Lakh, a growth of 63% compared to the previous year. For the same year it recorded a net profit of ₹49,570 (net margin 1.2%) and EBITDA of ₹1.5 Lakh (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 79% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
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- Registered AddressC/O Sunil Tiwari House. 131 Ward No. 1 Amarnath Doli Road Barhi District Katni, Madhya Pradesh, India – 483770
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
- 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 Korect Power Systems Private Limited
The main business activity of Korect Power Systems 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 Korect Power Systems Private Limited FY 2025 filings available
Korect Power Systems Private Limited reported revenue of ₹42.43 Lakh (up 63% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Korect Power Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 79% over three years, including 63% growth 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 Korect Power Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹1.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹49,570 | •••• | •••• | •••• | •••• |
| 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 Korect Power Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| 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 Korect Power Systems are in the company report.
Financial statements from FY 2019
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 Korect Power Systems Private Limited
Korect Power Systems Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG, 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 |
|---|---|---|---|---|---|---|
| Mark Acoustic Enclosure Private Limited | ₹42.63 Lakh (FY 2021) | •••• | •••• | -85.0% | •••• | Coimbatore, Tamil Nadu, India |
| Bharat Memories Private Limited | ₹42.62 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Jaipur, Rajasthan, India |
| Skybolt Power & Lumens Private Limited | ₹42.5 Lakh (FY 2023) | •••• | •••• | •••• | Jalandhar, Punjab, India | |
| Polar Power Projects Private Limited | ₹42.47 Lakh (FY 2024) | •••• | •••• | 105.0% | •••• | Chennai, Tamil Nadu, India |
| Vagmine Systems and Sales Private Limited | ₹42.45 Lakh (FY 2023) | •••• | •••• | -70.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Korect Power Systems Private Limited this company | ₹42.43 Lakh (FY 2023) | •••• | •••• | 63.0% | •••• | Barhi, Madhya Pradesh, India |
| Electric Power Services Pvt Ltd | ₹42.42 Lakh (FY 2025) | •••• | •••• | -26.0% | •••• | Ernakulam, Kerala, India |
| Powerun Systems Private Limited | ₹42.35 Lakh (FY 2024) | •••• | •••• | 106.0% | •••• | Bangalore, Karnataka, India |
| Informal Wheels Private Limited | ₹42.32 Lakh (FY 2024) | •••• | •••• | 55.0% | •••• | Delhi, India |
| Sanwaliya Windtech Private Limited | ₹42.28 Lakh (FY 2024) | •••• | •••• | •••• | Jaora, Madhya Pradesh, India | |
| Sherene Electro Control Private Limited | ₹42.27 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Korect Power Systems by revenue in the Power industry (EPC, BoP and BTG, 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.
Board of Directors of Korect Power Systems Private Limited
Korect Power Systems has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhilendra Pratap Singh | Director | 25 Mar 2024 | 2 Years 6 Months | Current |
| Chetan Bajaj | Director | 25 Mar 2024 | 2 Years 6 Months | Current |
| Bandana Singh Also directs: Barhi Land Developers (OPC) Private Limited | Director | 02 Dec 2024 | 1 Years 10 Months | Current |
| Satyendra Kumar Verma | Director | 21 Dec 2022 | 3 Years 9 Months | Current |
Ownership and Shareholding of Korect Power Systems 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 Korect Power Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2023 | State Bank of India | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Korect Power Systems Private Limited
Korect Power Systems Private Limited has a workforce of 10 employees as of Apr 03, 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.
Recent Activity on Korect Power Systems Private Limited
Korect Power Systems Private Limited has 9 board changes on record since 2022: 4 appointments and 5 cessations. The latest: Akhilendra Pratap Singh ceased to be Director on 05 Dec 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Korect Power Systems 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 Korect Power Systems 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 Korect Power Systems 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 Korect Power Systems Private Limited
Korect Power Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AARCA2905N1ZG | Madhya Pradesh | Active | 08 Mar 2019 |
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 Korect Power Systems 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 Korect Power Systems Private Limited
Korect Power Systems is an active private limited company based in Barhi, Madhya Pradesh, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 12 September 2018 (8+ years old) and is registered under CIN U74999MP2018PTC046525.
Korect Power Systems reported revenue of ₹42.43 Lakh for FY 2023 (up 63% YoY).
Korect Power Systems has 4 current directors:
- Akhilendra Pratap Singh - Director
- Chetan Bajaj - Director
- Bandana Singh - Director
- Satyendra Kumar Verma - Director
Korect Power Systems reported a net profit of ₹49,570 (net margin 1.2%) and EBITDA of ₹1.5 Lakh (EBITDA margin 3.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Korect Power Systems is 79% over three years. In the latest year (FY 2023) revenue rose 63%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Korect Power Systems is 23AARCA2905N1ZG, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Korect Power Systems is U74999MP2018PTC046525. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Korect Power Systems was incorporated on 12 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Korect Power Systems by revenue are Mark Acoustic Enclosure Private Limited, Bharat Memories Private Limited, Skybolt Power & Lumens Private Limited, Polar Power Projects Private Limited, Vagmine Systems and Sales Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers).
Akhilendra Pratap Singh ceased to be Director on 05 Dec 2024. Chetan Bajaj ceased to be Director on 05 Dec 2024. Bandana Singh was appointed as Director on 02 Dec 2024. Korect Power Systems has 9 board changes on record in total.
Yes, Korect Power Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).