MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-23-0003257
Lucy Electric India Private Limited - energy and power in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹446.02 Cr
▲ 31% YoY
Net profit · FY 2025
₹39.29 Cr
Net margin 8.8%
EBITDA · FY 2025
₹50.66 Cr
EBITDA margin 11.4%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹3.81 Cr
Issued & subscribed
Satisfied charges
₹1.27 Cr
No open charges
Company age
32 yrs
Est. 1994
Employees · EPFO
162
Provident fund records
About Lucy Electric India Private Limited
Data last updated:
Lucy Electric India Private Limited is a private limited company based in Nashik, Maharashtra, India, a subsidiary of Lucy Group Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 09 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH1994PTC080208. Its GSTIN is 27AAACC9268P1ZX (Maharashtra).
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹3.81 Cr. It was formerly known as Cg Lucy Switchgear Limited and Lucy Electric India Limited. It is led by directors including Raju Gajanan Gadhave (Managing Director) and Jagdish Babulal Prajapati.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H – 21 MIDC Ambad, Nashik, Maharashtra, India – 422010.
As per the financials filed for FY 2025, the company reported a revenue of ₹446.02 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹39.29 Cr (net margin 8.8%) and EBITDA of ₹50.66 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 28% over five years.
The company has about 162 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.27 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 3 filed against it; 1 case is pending.
Lucy Electric India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0003257). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lucyelectric.com.
Company details
CIN U31200MH1994PTC080208
Registration Number 080208
Incorporation Date 09 August 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Lucy Group Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-23-0003257
Name history
Lucy Electric India has undergone 2 name changes throughout its history. The company was previously known as Cg Lucy Switchgear Limited, and Lucy Electric India Limited. The current legal name is Lucy Electric India Private Limited.
| Company Name | Status |
|---|---|
| Lucy Electric India Private Limited | Current |
| Cg Lucy Switchgear Limited | Previous |
| Lucy Electric India Limited | Previous |
CIN history
Lucy Electric India has one previous CIN (Corporate Identification Number): U31200MH1994PLC080208. The current CIN is U31200MH1994PTC080208, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200MH1994PTC080208 | Current |
| U31200MH1994PLC080208 | Previous |
Key People
Raju Gajanan Gadhave Managing Director Jagdish Babulal Prajapati Director Egbert Jan Alberts Director Recognitions & Rankings of Lucy Electric India
Contact details
Lucy Electric India Private Limited's registered office is in Nashik, Maharashtra. Its website is lucyelectric.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH – 21 MIDC Ambad, Nashik, Maharashtra, India – 422010
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Lucy Electric India Private Limited, buy the company report.
Comprehensive company report
Lucy Electric India Private 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 Lucy Electric India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Lucy Electric India Private Limited, buy the company report.
Financials of Lucy Electric India Private Limited
FY 2025 filings availableLucy Electric India Private Limited reported revenue of ₹446.02 Cr (up 31% YoY) for FY 2025.
Revenue · FY 2025
₹446.02 Cr ▲ 31%
Net profit · FY 2025
₹39.29 Cr margin 8.8%
EBITDA · FY 2025
₹50.66 Cr margin 11.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 22%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 78%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 31% growth in the latest year. EBITDA rose 30% 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 |
|---|---|---|---|---|---|
| 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 | ₹50.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.29 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.4% | ||||
| Net Profit Margin | 8.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Lucy Electric India Private Limited, buy the company report.
Board of directors of Lucy Electric India Private Limited
Lucy Electric India has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Babulal Prajapati | Director | 13 Aug 2020 | 6 Years 2 Months | Current |
| Egbert Jan Alberts | Director | 13 Aug 2020 | 6 Years 2 Months | Current |
| Raju Gajanan Gadhave | Managing Director | 01 Mar 2024 | 2 Years 8 Months | Current |
| Charles Richard Dick Also directs: Lawson Fuses India Private Limited | Director | 09 Aug 1994 | 32 Years 2 Months | Current |
Peer comparison
Lucy Electric India Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Symatic Engineering Private Limited | ₹468.93 Cr (FY 2025) | 29.0% | Navi Mumbai, Maharashtra, India | |||
| Modern Insulators Limited | ₹454.8 Cr (FY 2024) | 2.0% | Abu Road, Rajasthan, India | |||
| Lucy Electric India Private Limitedthis company | ₹446.02 Cr (FY 2025) | ₹39.29 Cr | 8.8% | 31.0% | 162 | Nashik, Maharashtra, India |
| Intelux Electronics Private Limited | ₹442.61 Cr (FY 2024) | -19.0% | Pune, Maharashtra, India | |||
| Australian Premium Solar (India) Limited | ₹441.14 Cr (FY 2025) | 193.0% | Sabarkantha, Gujarat, India | |||
| East India Udyog Ltd | ₹439.96 Cr (FY 2025) | 15.0% | Noida, Uttar Pradesh, India | |||
| Perfect House Private Limited | ₹439.73 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Lucy Electric India Private Limited, buy the company report.
Auditor
Lucy Electric India Private Limited is audited by Sharp & Tannan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharp & Tannan | FY 2023 | 109982W |
Shareholding
The shareholding of Lucy Electric India 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 Lucy Electric India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 1995 | 80067299 | Corporation Bank | ₹1.27 Cr | Satisfied |
To see the full charge records of Lucy Electric India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Lucy Electric India Private Limited has 15 court cases on record: 12 filed by Lucy Electric India, 3 filed against it. 1 case is pending and 14 are disposed.
Total cases
15
Filed by the company
12
Filed against the company
3
Pending
1
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 2 | 1 |
| High courts | 7 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARBP) | Filed by the company against CG Power and Industrial Solutions Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against CG Power and Industrial Solutions Limited | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by State THR T G Borse, Govt. Labour Officer | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner of Income Tax | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Assistant Commissioner of Income Tax Circle II | Disposed |
To see the full case history of Lucy Electric India 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
Lucy Electric India Private Limited has 6 MSME Form 1 returns on record between 2020 and 2024, listing 342 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Powerinst Electromagnets Private Limited | |||
| Neelay Industries | |||
| Efficient Methods | |||
| Gogate Electrosystems (Nasik) Private Limited | |||
| SMP Autotech Private Limited |
To see the full MSME payment records of Lucy Electric India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lucy Electric India Private Limited has a workforce of 162 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
162
Active EPFO establishments
1
Employee growth
16.55%
GST
Lucy Electric India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC9268P1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lucy Electric India Private Limited, buy the company report.
Recent activity
Lucy Electric India Private Limited has 26 board changes on record since 1994: 4 appointments and 22 cessations. The latest: Raju Gajanan Gadhave ceased to be Additional Director on 28 Apr 2024.
AGM
Lucy Electric India Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Filing
Lucy Electric India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Raju Gajanan Gadhave ceased to be Additional Director.
Appointed
Raju Gajanan Gadhave was appointed as Managing Director.
Ceased
Rajiv Navaloor ceased to be Managing Director.
Ceased
Egbert Jan Alberts ceased to be Additional Director.
Ceased
Jagdish Babulal Prajapati ceased to be Additional Director.
Ceased
Carl Nicholas Sellick ceased to be Director.
Appointed
Egbert Jan Alberts was appointed as Director.
Appointed
Jagdish Babulal Prajapati was appointed as Director.
Ceased
John Adrian Griffiths ceased to be Director.
Ceased
Nitin Wamanrao Thombre ceased to be Whole-Time Director.
20 earlier events are in the company report.
Frequently asked questions
Lucy Electric India is an active private limited company based in Nashik, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 09 August 1994 (32+ years old) and is registered under CIN U31200MH1994PTC080208.
Lucy Electric India has 4 current directors:
- Raju Gajanan Gadhave - Managing Director
- Jagdish Babulal Prajapati - Director
- Egbert Jan Alberts - Director
- Charles Richard Dick - Director
The latest financial statements of Lucy Electric India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Lucy Electric India is 27AAACC9268P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Lucy Electric India is U31200MH1994PTC080208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucy Electric India has 15 court cases on record: 12 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Lucy Electric India was incorporated on 09 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Lucy Electric India by revenue are Symatic Engineering Private Limited, Modern Insulators Limited, Intelux Electronics Private Limited, Australian Premium Solar (India) Limited, East India Udyog Ltd and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Raju Gajanan Gadhave ceased to be Additional Director on 28 Apr 2024. Raju Gajanan Gadhave was appointed as Managing Director on 01 Mar 2024. Rajiv Navaloor ceased to be Managing Director on 15 Apr 2022. Lucy Electric India has 26 board changes on record in total.
Yes, Lucy Electric India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-23-0003257).
Lucy Electric India has 6 MSME Form 1 returns on record between 2020 and 2024, listing 342 overdue payments to 10 micro and small suppliers. The latest return was filed on 12 Dec 2023.
Lucy Electric India can be reached through the website lucyelectric.com. Its registered office is in Nashik, Maharashtra, India.
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