MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0042391
Marvel Electric Equipments Private Limited - consumer electronics & durables in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹43.87 Cr
▲ 42% YoY
Net profit · FY 2024
₹2.73 Cr
Net margin 6.2%
EBITDA · FY 2024
₹3.96 Cr
EBITDA margin 9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4.95 Lakh
Issued & subscribed
Open charges
₹16.15 Cr
Satisfied ₹9.02 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
26
Provident fund records
About Marvel Electric Equipments Private Limited
Data last updated:
Marvel Electric Equipments Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 06 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32202MH1995PTC086075. Its GSTIN is 27AAACM7407L1ZA (Maharashtra). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.95 Lakh. It is led by directors including Vishal Ashok Mandaliya (Whole-Time Director) and Jigar Jatin Killawala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 102 Bhola Chagwan Indl Estate1 B Patel Road Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2024, the company reported a revenue of ₹43.87 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹2.73 Cr (net margin 6.2%) and EBITDA of ₹3.96 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 4% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Marvel Electric Equipments. As per MCA filings, the company has open charges of ₹16.15 Cr and satisfied charges of ₹9.02 Cr on record.
Marvel Electric Equipments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0042391). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meepl.in.
Company details
CIN U32202MH1995PTC086075
Registration Number 086075
Incorporation Date 06 March 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0042391
Key People
Vishal Ashok Mandaliya Whole-Time Director Jigar Jatin Killawala Director Nita Jigar Killawala Director Recognitions & Rankings of Marvel Electric Equipments
Contact details
Marvel Electric Equipments Private Limited's registered office is in Mumbai, Maharashtra. Its website is meepl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address102 Bhola Chagwan Indl Estate1 B Patel Road Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Marvel Electric Equipments Private Limited, buy the company report.
Comprehensive company report
Marvel Electric Equipments 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
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Brands
Marvel Electric Equipments operates one associated brand: Marvel Electric Equipments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply of telecommunication and electrical equipment for Indian Railways. | meepl.in |
Business activity
The main business activities of Marvel Electric Equipments are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Marvel Electric Equipments Private Limited, buy the company report.
Financials of Marvel Electric Equipments Private Limited
FY 2025 filings availableMarvel Electric Equipments Private Limited reported revenue of ₹43.87 Cr (up 42% YoY) for FY 2024.
Revenue · FY 2024
₹43.87 Cr ▲ 42%
Net profit · FY 2024
₹2.73 Cr margin 6.2%
EBITDA · FY 2024
₹3.96 Cr margin 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 15%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 80%
3 years · compounded
▲ 6%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 42% growth in the latest year. EBITDA rose 80% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.73 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Marvel Electric Equipments Private Limited, buy the company report.
Board of directors of Marvel Electric Equipments Private Limited
Marvel Electric Equipments has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigar Jatin Killawala | Director | 06 Mar 1995 | 31 Years 8 Months | Current |
| Nita Jigar Killawala Also directs: Jivisha Engineering LLP | Director | 01 Feb 2018 | 8 Years 9 Months | Current |
| Avani Naman Kamdar | Director | 11 Sep 2025 | 1 Years 1 Months | Current |
| Daxeshkumar Jeetendrabhai Brahmbhatt | Director | 16 May 2025 | 1 Years 5 Months | Current |
| Vishal Ashok Mandaliya Also directs: Satvick Edible Products LLP, Arghyam Foods LLP | Whole-Time Director | 16 May 2025 | 1 Years 5 Months | Current |
| Saumil Milankumar Trivedi | Director | 16 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Marvel Electric Equipments Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Audo Viso Private Limited | ₹44.22 Cr (FY 2025) | 220.0% | New Delhi, Delhi, India | |||
| Airtec Electrovision Private Limited | ₹44.01 Cr (FY 2024) | -17.0% | New Delhi, Delhi, India | |||
| Marvel Electric Equipments Private Limitedthis company | ₹43.87 Cr (FY 2024) | ₹2.73 Cr | 6.2% | 42.0% | 26 | Mumbai, Maharashtra, India |
| Imr Electricals Private Limited | ₹43.34 Cr (FY 2025) | -11.0% | Delhi, India |
To see the full peer comparison of Marvel Electric Equipments Private Limited, buy the company report.
Auditor
Marvel Electric Equipments Private Limited is audited by Sonsale Saptarshi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sonsale Saptarshi & Co. | FY 2023 | 110410W |
Shareholding
The shareholding of Marvel Electric Equipments Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marvel Electric Equipments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16.15 Cr
Satisfied charges
₹9.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101070981 | Axis Bank Limited | ₹2.45 Cr | Open | |
| 21 Dec 2023 | 100862364 | Axis Bank Limited | ₹41.07 Lakh | Open | |
| 10 Jun 2023 | 100736307 | Others | ₹6.38 Lakh | Open | |
| 04 Jan 2021 | 100407156 | Axis Bank Limited | ₹22.95 Lakh | Open | |
| 06 Mar 2020 | 100329949 | Axis Bank Limited | ₹13 Cr | Open |
To see the full charge records of Marvel Electric Equipments Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
No court or tribunal cases involving Marvel Electric Equipments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Marvel Electric Equipments Private Limited has 3 MSME Form 1 returns on record between 2020 and 2023, listing 13 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Evergreen Engineering Company Private Limited | |||
| Quality Loggers Private Limited |
To see the full MSME payment records of Marvel Electric Equipments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Marvel Electric Equipments Private Limited has a workforce of 26 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
GST
Marvel Electric Equipments has 5 GST registrations: 1 active and 4 cancelled or inactive.
Total GSTINs
5
Active
1
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7407L1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marvel Electric Equipments Private Limited, buy the company report.
Recent activity
Marvel Electric Equipments Private Limited has 12 board changes on record since 1995: 9 appointments and 3 cessations. The latest: Avani Naman Kamdar was appointed as Director on 11 Sep 2025.
AGM
Marvel Electric Equipments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Avani Naman Kamdar was appointed as Director.
Appointed
Daxeshkumar Jeetendrabhai Brahmbhatt was appointed as Director.
Appointed
Saumil Milankumar Trivedi was appointed as Director.
Appointed
Vishal Ashok Mandaliya was appointed as Whole-Time Director.
Filing
Marvel Electric Equipments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Axis Bank Limited amounted to Rs. 245.00 Lakh with Charge ID 101070981 was registered on 26 Mar 2025.
Ceased
Chintan Jigar Killawala ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 1,300.00 Lakh registered on 06 Mar 2020 with Charge ID 100329949 was modified on 29 Sep 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 41.07 Lakh with Charge ID 100862364 was registered on 21 Dec 2023.
Charges
A charge with Others amounted to Rs. 6.38 Lakh with Charge ID 100736307 was registered on 10 Jun 2023.
Charges
A charge registered on 11 Oct 2012 via Charge ID 10389596 with Others was fully satisfied on 01 May 2021.
22 earlier events are in the company report.
Frequently asked questions
Marvel Electric Equipments is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 06 March 1995 (31+ years old) and is registered under CIN U32202MH1995PTC086075.
Marvel Electric Equipments has 6 current directors:
- Vishal Ashok Mandaliya - Whole-Time Director
- Jigar Jatin Killawala - Director
- Nita Jigar Killawala - Director
- Avani Naman Kamdar - Director
- Daxeshkumar Jeetendrabhai Brahmbhatt - Director
- Saumil Milankumar Trivedi - Director
The latest financial statements of Marvel Electric Equipments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marvel Electric Equipments is 27AAACM7407L1ZA, registered in Maharashtra. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Marvel Electric Equipments is U32202MH1995PTC086075. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvel Electric Equipments was incorporated on 06 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Marvel Electric Equipments by revenue are Audo Viso Private Limited, Airtec Electrovision Private Limited, Imr Electricals Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (wholesale trading).
Avani Naman Kamdar was appointed as Director on 11 Sep 2025. Daxeshkumar Jeetendrabhai Brahmbhatt was appointed as Director on 16 May 2025. Saumil Milankumar Trivedi was appointed as Director on 16 May 2025. Marvel Electric Equipments has 12 board changes on record in total.
Yes, Marvel Electric Equipments is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0042391).
Marvel Electric Equipments has 3 MSME Form 1 returns on record between 2020 and 2023, listing 13 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Marvel Electric Equipments can be reached through the website meepl.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Marvel Electric Equipments is at 102 Bhola Chagwan Indl Estate1 B Patel Road Goregaon East, Mumbai, Maharashtra, India – 400063.
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