About Megamic Electronics Private Limited
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Megamic Electronics Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Sunedison Infrastructure Limited. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 13 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC083384. Its GSTIN is 29AAJCM9833B1Z8 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Venkatesan Krishnan and Chandrasekaran Viswanathan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.62\1 New No.7 1st Cross 2nd Main Ganganagar Bangalore – 560032, Karnataka, India – 560032.
As per the financials filed for FY 2024, the company reported a revenue of ₹87,316, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹19.62 Lakh and EBITDA of -₹14.33 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 61% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Megamic Electronics and SolarNxt. As per MCA filings, the company has open charges of ₹1.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website megamic.in.
Company details
Contact details
Megamic Electronics Private Limited's registered office is in Bangalore, Karnataka. Its website is megamic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.62\1 New No.7 1st Cross 2nd Main Ganganagar Bangalore – 560032, Karnataka, India – 560032
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Megamic Electronics 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
Megamic Electronics operates two associated brands: Megamic Electronics and SolarNxt. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions for monitoring and controlling software. | megamic.in | |
| Offers a cloud and app-based platform for monitoring solar power plants. | solarnxt.com |
Business activity
The main business activities of Megamic Electronics are manufacturing and trade. In detail, this covers computer, electronic, communication and scientific measuring & control equipment and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Megamic Electronics Private Limited, buy the company report.
Financials of Megamic Electronics Private Limited
FY 2024 filings availableMegamic Electronics Private Limited reported revenue of ₹87,316 (down 81% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over five years, including a 81% fall in the latest year. EBITDA rose 76% 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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| EBITDA | -₹14.33 Lakh | ||||
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| Net Profit (PAT) | -₹19.62 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Megamic Electronics Private Limited, buy the company report.
Board of directors of Megamic Electronics Private Limited
Megamic Electronics has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesan Krishnan | Director | 03 Aug 2021 | 5 Years 3 Months | Current |
| Chandrasekaran Viswanathan | Director | 03 Aug 2021 | 5 Years 3 Months | Current |
Auditor
Megamic Electronics Private Limited is audited by HVJ & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HVJ & ASSOCIATES | FY 2022 | 011440S |
Shareholding
The shareholding of Megamic Electronics 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 Megamic Electronics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2021 | 100522441 | Others | ₹1.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Megamic Electronics 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
No delayed payments to MSME suppliers are on our record for Megamic Electronics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Megamic Electronics Private Limited has a workforce of 8 employees on its EPFO records as of Jan 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 8 |
GST
Megamic Electronics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCM9833B1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Megamic Electronics Private Limited, buy the company report.
Recent activity
Megamic Electronics Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Thyagaraju Subramanyam Naidu ceased to be Director on 14 Jun 2023.
Frequently asked questions
Megamic Electronics is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 13 October 2015 (11+ years old) and is registered under CIN U74900KA2015PTC083384.
Megamic Electronics has 2 current directors:
- Venkatesan Krishnan - Director
- Chandrasekaran Viswanathan - Director
The latest financial statements of Megamic Electronics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Megamic Electronics is 29AAJCM9833B1Z8, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Megamic Electronics is U74900KA2015PTC083384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megamic Electronics was incorporated on 13 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Thyagaraju Subramanyam Naidu ceased to be Director on 14 Jun 2023. Chandrasekaran Viswanathan ceased to be Additional Director on 30 Nov 2021. Venkatesan Krishnan ceased to be Additional Director on 30 Nov 2021. Megamic Electronics has 8 board changes on record in total.
Megamic Electronics can be reached through the website megamic.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Megamic Electronics is at No.621 New No.7 1st Cross 2nd Main Ganganagar Bangalore – 560032, Karnataka, India – 560032.
Megamic Electronics operates in the information technology industry, in the electronic components and equipment manufacturing segment.
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