Maharashtra Electronics Corporation Limited - Company Profile

It is a consumer electronics & durables public limited state government company based in Mumbai, Maharashtra, India, established in 1978.
1978 Mumbai, Maharashtra, India Active
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About Maharashtra Electronics Corporation Limited

Maharashtra Electronics Corporation Limited, a active public limited state government company, was established on 12 January 1978 in Mumbai, Maharashtra, India. Engaging in electronics manufacturing within the consumer electronics & durables sector, it holds CIN: U32100MH1978SGC020075. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹9.69 Cr.

It upholds a active non-compliant status. Its leadership includes Viswanath Giriraj (Managing Director), Popat Dada Malikner (Nominee Director), Avinash Jagannath Subhedar (Managing Director). Past directors included Viswanath Giriraj, Radhika Rastogi, Abasaheb Limbaji Jarhad. It holds no open charges and ₹74.18 Cr settled loans. Its latest AGM occurred on 30 September 2017, with the balance sheet filed on 31 March 2017. It is based at Am-3 M I D C Cross Rda Marol Industrial Area Andheri (E), Mumbai, Maharashtra, 400093.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U32100MH1978SGC020075

  • Registration Number

    020075

  • Incorporation Date

    12 January 1978

  • Authorized Capital

    ₹10.00 Cr

  • Paid-Up Capital

    ₹9.69 Cr

  • ROC Code

    Roc Mumbai I

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 9.69 Cr
  • Company Age 48 Year, 2 Months
  • Last Filing with ROC 31 Mar 2017
  • Satisfied Charges ₹ 74.18 Cr
  • Revenue Growth **** -42.22%
  • Profit Growth **** -111.38%
  • Ebitda **** -103.54%
  • Net Worth -13.11%
  • Total Assets -6.49%
Company report

Maharashtra Electronics Corporation Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra Electronics Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maharashtra Electronics Corporation Limited?
Current Directors
Name Designation Appointment Date Status
Viswanath Giriraj Managing Director 28 Jun 2007 Current
Popat Dada Malikner Nominee Director 12 Jun 2018 Current
Avinash Jagannath Subhedar Managing Director 28 Jun 2019 Current
Avinash Kondiba Dhakane Director 05 Dec 2015 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 31 Oct 2017 Past
Pramod Abcsdd Director 05 Dec 2015 Past
Pramod Abcsdd Director 27 Dec 2016 Past
Pramod Abcsdd Director 17 Jan 2009 Past
Pramod Abcsdd Director 04 Feb 2008 Past
Pramod Abcsdd Director 05 Dec 2015 Past

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Financial Performance of Maharashtra Electronics Corporation.

Maharashtra Electronics Corporation Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 42.22% decrease. The company also saw a substantial fall in profitability, with a 111.38% decrease in profit. The company's net worth observed a substantial decline by a decrease of 13.11%.

Maharashtra Electronics Corporation revenue growth over time
Maharashtra Electronics Corporation profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -42.22%
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Revenue from Operations
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Total Assets
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 -6.49%
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Profit or Loss
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 -111.38%
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Net Worth
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 -13.11%
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EBITDA
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 -103.54%
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What is the Ownership and Shareholding Structure of Maharashtra Electronics Corporation?

In 2017, Maharashtra Electronics Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹741,800,000.00

Charges Breakdown by Lending Institutions
  • Indian Bank : 69.99 Cr
  • State Bank Of India : 2.87 Cr
  • The State Industrial & Investment Corpn. Of Mah. Ltd : 1.32 Cr
Latest Charge Details
Date Lender Amount Status
15 Jan 1997 Indian Bank ₹29.64 Cr Satisfied
25 Jan 1996 Indian Bank ₹8.58 Cr Satisfied
25 Jan 1996 Indian Bank ₹6.27 Cr Satisfied
14 Feb 1994 The State Industrial & Investment Corpn. Of Mah. Ltd ₹1.32 Cr Satisfied
03 May 1990 Indian Bank ₹25.50 Cr Satisfied

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How Many Employees Work at Maharashtra Electronics Corporation?

Unlock and access historical data on people associated with Maharashtra Electronics Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Electronics Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Electronics Corporation's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Maharashtra Electronics Corporation
Recent Activity within the Organization
  • Director Appointment

    Progress on Avinash Jagannath Subhedar was appointed as a Managing Director was appointed as a Managing Director on 28 Jun 2019 & has been associated with this company since 6 years 9 months . was documented.

  • Director Appointment

    Popat Dada Malikner was appointed as a Nominee Director was appointed as a Nominee Director on 12 Jun 2018 & has been associated with this company since 7 years 9 months . was recorded as a recent event.

  • Annual General Meeting

    The activity Maharashtra Electronics Corporation Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Maharashtra Electronics Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai I. was completed.

  • Director Appointment

    Avinash Kondiba Dhakane was appointed as a Director was appointed as a Director on 05 Dec 2015 & has been associated with this company since 10 years 4 months . was recorded as a recent event.

  • Charges

    A charge registered on 20 Jan 1989 via Charge ID 90185413 with State Bank Of India was fully satisfied on 03 Aug 2015. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Maharashtra Electronics Corporation Limited?

The CIN of Maharashtra Electronics Corporation Limited is U32100MH1978SGC020075.

Where is Maharashtra Electronics Corporation Limited headquartered?

Maharashtra Electronics Corporation Limited is headquartered at Am-3 M I D C Cross Rda Marol Industrial Area Andheri (E), Mumbai, Maharashtra, 400093.

When was Maharashtra Electronics Corporation Limited incorporated?

Maharashtra Electronics Corporation Limited was incorporated on 12 January 1978.

Who are the current directors of Maharashtra Electronics Corporation Limited?

The current directors of Maharashtra Electronics Corporation Limited are

What is the primary industry of Maharashtra Electronics Corporation Limited?

The primary industry of Maharashtra Electronics Corporation Limited is Consumer Electronics & Durables.

Is Maharashtra Electronics Corporation Limited a listed company?

Maharashtra Electronics Corporation Limited is unlisted.

What is the capital structure of Maharashtra Electronics Corporation Limited?

The authorized capital of Maharashtra Electronics Corporation Limited is ₹10.00 Cr, and the paid-up capital is ₹9.69 Cr.

What is the compliance status of Maharashtra Electronics Corporation Limited?

The compliance status of Maharashtra Electronics Corporation Limited is Active Non-Compliant.

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