Maharashtra Electronics Corporation Limited

Maharashtra Electronics Corporation Limited - consumer electronics & durables in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN U32100MH1978SGC020075 Incorporated 12 January 1978 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited State Government Company consumer electronics and durables
Data last updated
Revenue · FY 2017
₹7.07 Lakh
▼ 42.00% YoY
EBITDA · FY 2017
*****
▼ 41721.00% YoY
Net profit · FY 2017
*****
▼ 111.00% YoY
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.69 Cr
Issued & subscribed
Open charges
None
Satisfied ₹74.18 Cr
Company age
48 yrs
Est. 1978
Last financials
Mar 2017
Balance sheet date

About Maharashtra Electronics Corporation Limited

Data last updated: 12 March 2026

Maharashtra Electronics Corporation Limited is a public limited state government company based in Mumbai, Maharashtra, India. It specialises in electronics manufacturing, a part of the broader consumer electronics and durables sector. Incorporated on 12 January 1978, the company has been in operation for over 48 years.

Registered with ROC Mumbai under CIN U32100MH1978SGC020075.

Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.69 Cr. It is led by directors including Viswanath Giriraj and Popat Dada Malikner.

Last AGM: 30 September 2017. Financial statements filed for year ended 31 March 2017. Office: 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.

As per MCA filings, the company has satisfied charges of ₹74.18 Cr on record.

The current compliance status is marked as active non-compliant by the Registrar of Companies.

Company Details of Maharashtra Electronics Corporation Limited
CIN U32100MH1978SGC020075
Registration Number 020075
Incorporation Date 12 January 1978
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2017
Date of Balance Sheet 31 March 2017
Compliance Status Active Non-Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    **************
  • Social Media
    **************
  • Registered Address
    Am – 3 M I D C Cross Rda Marol Industrial Area Andheri (E), Mumbai, Maharashtra, India – 400093
  • Industry
    Consumer Electronics & Durables, Electronics Manufacturing
Company report
Maharashtra Electronics Corporation Limited - full intelligence report
  • Historical Financials and ratios
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Financials, compliance, directors, charges, ownership and filings for Maharashtra Electronics Corporation Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Maharashtra Electronics Corporation Limited

Maharashtra Electronics Corporation Limited 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

Auditor Details of Maharashtra Electronics Corporation Limited

Maharashtra Electronics Corporation Limited is audited by Ramprasad Sharma & Associates for the financial year 2017. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
Ramprasad Sharma & Associates blur-value blur-value blur-value

Board of Directors of Maharashtra Electronics Corporation Limited

Maharashtra Electronics Corporation Limited is currently managed by 4 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Viswanath Giriraj Managing Director 28 Jun 2007 19 Years 0 Months Current
Popat Dada Malikner Nominee Director 12 Jun 2018 8 Years 0 Months Current
Avinash Jagannath Subhedar Managing Director 28 Jun 2019 7 Years 0 Months Current
Avinash Kondiba Dhakane Director 05 Dec 2015 10 Years 7 Months Current

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. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹7.07 Lakh ▼ -42%
Profit
***** ▼ -111%
EBITDA
***** ▼ -41721%
Metrics
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Revenue
Revenue from Operations
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Revenue Growth %
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Other Income
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Total Revenue
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Expenses
Total Expenses
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Raw Material Cost
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Change in Inventory FG
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Change in Inventory WIP
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Purchase of Traded Goods
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Employee Cost
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Managerial Remuneration
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Audit Fees
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Insurance
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Power & Fuel
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Interest
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Depreciation
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Other Expenses
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Profitability
EBITDA (Operating Profit)
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Operating Margin %
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Exceptional Items
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
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Profit Before Tax
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Tax & Net Profit
Tax Expense
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
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Total Assets
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Metrics
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Cash from Operating Activities (CFO)
Profit Before Tax
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Non-Cash Adjustments
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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- Interest Income
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
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Debt / EBITDA
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Solvency
D/E Ratio
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ICR
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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of Maharashtra Electronics Corporation Limited

As of FY 2017, Maharashtra Electronics Corporation Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

Charges & Borrowings of Maharashtra Electronics Corporation Limited

Open charges
₹0
Satisfied charges
₹74.18 Cr
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
DateLenderAmountStatus
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

Employees and EPFO Compliance at Maharashtra Electronics Corporation Limited

View historical data on people associated with Maharashtra Electronics Corporation Limited, including employment history and EPFO contributions.

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Maharashtra Electronics Corporation Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Maharashtra Electronics Corporation Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Maharashtra Electronics Corporation Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Maharashtra Electronics Corporation Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Maharashtra Electronics Corporation Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Maharashtra Electronics Corporation Limited

MSME Payment Delays by Maharashtra Electronics Corporation Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Maharashtra Electronics Corporation Limited

Subsidiaries & Group Companies of Maharashtra Electronics Corporation Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Maharashtra Electronics Corporation Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Maharashtra Electronics Corporation Limited

MCA Filings & Documents of Maharashtra Electronics Corporation Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Maharashtra Electronics Corporation Limited

Directors
28 Jun 2019
Avinash Jagannath Subhedar was appointed as a Managing Director on 28 Jun 2019 & has been associated with this company since 7 years 13 days.
Directors
12 Jun 2018
Popat Dada Malikner was appointed as a Nominee Director on 12 Jun 2018 & has been associated with this company since 8 years 28 days.
Activity
30 Sep 2017
Maharashtra Electronics Corporation Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records.
Activity
31 Mar 2017
Maharashtra Electronics Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai I.
Directors
05 Dec 2015
Avinash Kondiba Dhakane was appointed as a Director on 05 Dec 2015 & has been associated with this company since 10 years 7 months.
Charges
03 Aug 2015
A charge registered on 20 Jan 1989 via Charge ID 90185413 with State Bank Of India was fully satisfied on 03 Aug 2015.

Frequently Asked Questions about Maharashtra Electronics Corporation Limited

Maharashtra Electronics Corporation Limited is an active public limited state government company in the consumer electronics and durables sector based in Mumbai, Maharashtra, India. It was incorporated on 12 January 1978 (48+ years old) and is registered under CIN U32100MH1978SGC020075.

Maharashtra Electronics Corporation Limited reported revenue of ₹7.07 Lakh for FY 2017 (down 42.00% YoY).

The current directors of Maharashtra Electronics Corporation Limited are:

The primary industry of Maharashtra Electronics Corporation Limited is consumer electronics and durables. The company specifically operates in electronics manufacturing. The company is currently active in this sector.

Maharashtra Electronics Corporation Limited can be reached at the registered office: Am – 3 M I D C Cross Rda Marol Industrial Area Andheri E, Mumbai, Maharashtra, India – 400093.

The authorised capital is ₹10 Cr, and the paid-up capital is ₹9.69 Cr.

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