About Maktel Control & Systems Private Limited
Data last updated:
Maktel Control & Systems Private Limited is a private limited company based in Vadodara, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 09 April 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31900GJ2009PTC056575. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.24 Cr. It is led by directors including Manoj Narendrakumar Patel and Narendrakumar Manilal Patel.
Its last annual general meeting (AGM) was held on 19 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No. 1421 GIDC Estate Waghodia, Vadodara, Gujarat, India – 390760.
As per the financials filed for FY 2016, the company reported a revenue of ₹62.99 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.31 Cr (net margin 2.1%) and EBITDA of ₹5.18 Cr (EBITDA margin 8.2%).
The company has about 83 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Maktel Control and Systems. As per MCA filings, the company has open charges of ₹58.49 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in July 2012. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 4 smaller; the largest is Radhe Renewable Energy Development Private Limited with revenue of ₹64.08 Cr.
The last known website on record is maktelsystems.com.
Company details
Contact details
Maktel Control & Systems Private Limited's registered office is in Vadodara, Gujarat. Its website is maktelsystems.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 1421 GIDC Estate Waghodia, Vadodara, Gujarat, India – 390760
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Maktel Control & Systems Private Limited, buy the company report.
- 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
Brands
Maktel Control & Systems operates one associated brand: Maktel Control and Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It serves as a welcome to maktel control & systems pvt. | maktelsystems.com |
Business activity
The main business activity of Maktel Control & Systems 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 Maktel Control & Systems Private Limited, buy the company report.
Financials of Maktel Control & Systems Private Limited
FY 2016 filings availableMaktel Control & Systems Private Limited reported revenue of ₹62.99 Cr (up 24% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year. EBITDA rose 693% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹62.99 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹5.18 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.31 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 8.2% | |
| Net Profit Margin | 2.1% | |
| 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 Maktel Control & Systems Private Limited, buy the company report.
Board of directors of Maktel Control & Systems Private Limited
Maktel Control & Systems has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Narendrakumar Patel | Director | 19 Mar 2012 | 14 Years 7 Months | As last reported |
| Narendrakumar Manilal Patel | Director | 24 Sep 2015 | 11 Years 1 Months | As last reported |
| Akshat Bhatnagar | Director | 05 Jun 2017 | 9 Years 5 Months | As last reported |
| Jayramrao Chandravadan Marathe | Director | 05 Jun 2017 | 9 Years 5 Months | As last reported |
Peer comparison
Maktel Control & Systems 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 |
|---|---|---|---|---|---|---|
| Radhe Renewable Energy Development Private Limited | ₹64.08 Cr (FY 2025) | 27.0% | Metoda Gidc, Gujarat, India | |||
| Evergreen Electricals Private Limited | ₹63.45 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Maktel Control & Systems Private Limitedthis company | ₹62.99 Cr (FY 2016) | ₹1.31 Cr | 2.1% | 24.0% | 83 | Vadodara, Gujarat, India |
| Avana Electrosystems Limited | ₹62.93 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India | |||
| Prayog Electricals Private Limited | ₹62.89 Cr (FY 2025) | 55.0% | Phaltan, Maharashtra, India | |||
| CMC Manufacturing Company Pvt. Ltd. | ₹62.7 Cr (FY 2024) | 30.0% | Kolkata, West Bengal, India | |||
| Powersol Infra Services Private Limited | ₹62.66 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Maktel Control & Systems Private Limited, buy the company report.
Auditor
Maktel Control & Systems Private Limited is audited by MALOO BHATT & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MALOO BHATT & CO | FY 2016 | 129572W |
Shareholding
The shareholding of Maktel Control & Systems Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Maktel Control & Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 May 2013 | 10428148 | Axis Bank Limited | ₹9 Lakh | Open | |
| 01 Mar 2013 | 10422335 | Axis Bank Limited | ₹12.47 Lakh | Open | |
| 09 Jan 2013 | 10399004 | Small Industries Development Bank of India | ₹47.5 Lakh | Open | |
| 21 Apr 2009 | 10153640 | State Bank of India | ₹28.9 Cr | Open | |
| 13 Apr 2009 | 10153639 | State Bank of India | ₹28.9 Cr | Open |
To see the full charge records of Maktel Control & Systems Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Maktel Control & Systems Private Limited has 1 deal on record (1 acquisition); the latest was in July 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2012 | Acquisition | Undisclosed | Buyer: Diamond Power Infrastructure Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maktel Control & Systems Private Limited has 7 court cases on record: 3 filed by Maktel Control & Systems, 4 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
| NCLT | 3 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Riddhi Corporate Service Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Industrial Development Corporation and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by individuals | Disposed |
To see the full case history of Maktel Control & Systems 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.
Credit ratings & regulatory alerts
Maktel Control & Systems Private Limited was last rated by Crisil on 21 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Sep 2020 |
To see the full credit ratings and regulatory alerts of Maktel Control & Systems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maktel Control & Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Maktel Control & Systems has 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
Employees & EPFO
Maktel Control & Systems Private Limited has a workforce of 83 employees on its EPFO records as of Nov 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 83 |
| FY 2016-17 |
To see the full employee and EPFO history of Maktel Control & Systems Private Limited, buy the company report.
GST
Maktel Control & Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Maktel Control & Systems Private Limited, buy the company report.
Recent activity
Maktel Control & Systems Private Limited has 12 board changes on record since 2012: 4 appointments and 8 cessations. The latest: Dilip Chimanlal Trivedi ceased to be Director on 04 May 2018.
10 earlier events are in the company report.
Frequently asked questions
Maktel Control & Systems is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Maktel Control & Systems is a company under liquidation, formerly operating as a private limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 09 April 2009 and is registered under CIN U31900GJ2009PTC056575. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maktel Control & Systems has 4 current directors:
- Manoj Narendrakumar Patel - Director
- Narendrakumar Manilal Patel - Director
- Akshat Bhatnagar - Director
- Jayramrao Chandravadan Marathe - Director
The latest financial statements of Maktel Control & Systems on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 19 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Maktel Control & Systems is U31900GJ2009PTC056575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maktel Control & Systems has open charges of ₹58.49 Cr and no satisfied charges on record as per latest MCA filings.
Maktel Control & Systems has 7 court cases on record: 3 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Maktel Control & Systems was incorporated on 09 April 2009. It is registered with the Registrar of Companies, Ahmedabad.
Maktel Control & Systems has 1 deal on record (1 acquisition); the latest was in July 2012.
The peers of Maktel Control & Systems by revenue are Radhe Renewable Energy Development Private Limited, Evergreen Electricals Private Limited, Avana Electrosystems Limited, Prayog Electricals Private Limited, CMC Manufacturing Company Pvt. 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).
Dilip Chimanlal Trivedi ceased to be Director on 04 May 2018. Jayramrao Chandravadan Marathe ceased to be Director on 17 Apr 2018. Akshat Bhatnagar ceased to be Director on 07 Apr 2018. Maktel Control & Systems has 12 board changes on record in total.
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