Maharashtra Electronics Corporation Limited
About Maharashtra Electronics Corporation Limited
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Maharashtra Electronics Corporation Limited is a public limited state government company based in Mumbai, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 January 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32100MH1978SGC020075. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.69 Cr. It is led by directors including Viswanath Giriraj (Managing Director) and Avinash Jagannath Subhedar (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Am – 3 M I D C Cross Rda Marol Industrial Area Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2017, the company reported a revenue of ₹7.07 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹42.71 Cr and EBITDA of -₹22.01 Cr. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years.
As per MCA filings, the company has satisfied charges of ₹74.18 Cr on record. Court records list 13 cases involving the company, including 4 filed by the company and 9 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressAm – 3 M I D C Cross Rda Marol Industrial Area Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
Financials of Maharashtra Electronics Corporation Limited FY 2017 filings available
Maharashtra Electronics Corporation Limited reported revenue of ₹7.07 Lakh (down 42% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Maharashtra Electronics Corporation Limited
Revenue has declined at a compounded annual rate (CAGR) of 78% over three years, including a 42% fall 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 Maharashtra Electronics Corporation Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹7.07 Lakh | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹22.01 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹42.71 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 Maharashtra Electronics Corporation Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• |
| 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 Maharashtra Electronics Corporation 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 Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Litetronics Vijay (India) Private Limited | ₹7.27 Lakh (FY 2016) | •••• | •••• | -2.0% | •••• | Mysore, Karnataka, India |
| Pitesla Private Limited | ₹7.22 Lakh (FY 2024) | •••• | •••• | 70.0% | •••• | Mumbai, Maharashtra, India |
| Mie Cables Limited | ₹7.2 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Ananta Electric Lamp Works Private Limited | ₹7.12 Lakh (FY 2025) | •••• | •••• | 32.0% | •••• | Uttar Pradesh, India |
| Riyan Optical Discs Private Limited | ₹7.11 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Kochi, Kerala, India |
| Maharashtra Electronics Corporation Limited this company | ₹7.07 Lakh (FY 2017) | •••• | •••• | -42.0% | •••• | Mumbai, Maharashtra, India |
| Rayseven Productions Private Limited | ₹7.04 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | New Delhi, Delhi, India |
| SRS Automotive Components Private Limited | ₹7.04 Lakh (FY 2017) | •••• | •••• | -58.0% | •••• | Faridabad, Haryana, India |
| Prkhya Technology Solutions Private Limited | ₹7.03 Lakh (FY 2024) | •••• | •••• | 30412.0% | •••• | New Delhi, Delhi, India |
| Ezpyramid Energy Private Limited | ₹7 Lakh (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| Lightrics Solutions Private Limited | ₹6.97 Lakh (FY 2024) | •••• | •••• | -80.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maharashtra Electronics Corporation by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation Limited is audited by Ramprasad Sharma & Associates for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ramprasad Sharma & 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 Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viswanath Giriraj Also directs: Il&Fs Infra Asset Management Limited | Managing Director | 28 Jun 2007 | 19 Years 3 Months | Current |
| Popat Dada Malikner | Nominee Director | 12 Jun 2018 | 8 Years 3 Months | Current |
| Avinash Jagannath Subhedar | Managing Director | 28 Jun 2019 | 7 Years 3 Months | Current |
| Avinash Kondiba Dhakane | Director | 05 Dec 2015 | 10 Years 10 Months | Current |
Ownership and Shareholding of Maharashtra Electronics Corporation 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 Maharashtra Electronics Corporation Limited
| 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 | ₹25.5 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation Limited has 13 court cases on record: 4 filed by Maharashtra Electronics Corporation, 9 filed against it. 1 case is pending and 12 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 7 | 1 |
| District courts | 4 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by A S Electronics Private Limited | Disposed |
| Allahabad High Court | Writ petition | Filed against the company by B R V Industries Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax- 8, Mumbai | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by Commissioner of Income Tax-8 Mumbai | Disposed |
Full case history
All 13 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.
Employees and EPFO Compliance at Maharashtra Electronics Corporation Limited
Employment history and EPFO contributions of people linked to Maharashtra Electronics Corporation.
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.
CIN History of Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation has one previous CIN (Corporate Identification Number): U32100MH1978PLC020075. The current CIN is U32100MH1978SGC020075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32100MH1978SGC020075 | Current |
| U32100MH1978PLC020075 | Previous |
Recent Activity on Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation Limited has 14 board changes on record since 2007: 4 appointments and 10 cessations. The latest: Annasaheb Bhanudas Misal ceased to be Director on 01 Jul 2021.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maharashtra Electronics Corporation 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 Maharashtra Electronics Corporation 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 Maharashtra Electronics Corporation 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 Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Maharashtra Electronics Corporation 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 Maharashtra Electronics Corporation Limited
Maharashtra Electronics Corporation is an active public limited state government company based in Mumbai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 January 1978 (48+ years old) and is registered under CIN U32100MH1978SGC020075.
Maharashtra Electronics Corporation reported revenue of ₹7.07 Lakh for FY 2017 (down 42% YoY).
Maharashtra Electronics Corporation has 4 current directors:
- Viswanath Giriraj - Managing Director
- Avinash Jagannath Subhedar - Managing Director
- Popat Dada Malikner - Nominee Director
- Avinash Kondiba Dhakane - Director
Maharashtra Electronics Corporation reported a net loss of ₹42.71 Cr and EBITDA of -₹22.01 Cr for FY 2017, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maharashtra Electronics Corporation is -78% over three years. In the latest year (FY 2017) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
No. Maharashtra Electronics Corporation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Maharashtra Electronics Corporation is U32100MH1978SGC020075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Electronics Corporation has 13 court cases on record: 4 filed by the company and 9 filed against it. 1 is pending. Most are in the high courts.
Maharashtra Electronics Corporation was incorporated on 12 January 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maharashtra Electronics Corporation by revenue are Litetronics Vijay (India) Private Limited, Pitesla Private Limited, Mie Cables Limited, Ananta Electric Lamp Works Private Limited, Riyan Optical Discs Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Annasaheb Bhanudas Misal ceased to be Director on 01 Jul 2021. Avinash Jagannath Subhedar was appointed as Managing Director on 28 Jun 2019. Popat Dada Malikner was appointed as Nominee Director on 12 Jun 2018. Maharashtra Electronics Corporation has 14 board changes on record in total.