Milcent Appliances Private Limited

Milcent Appliances Private Limited - consumer electronics & durables in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U32201GJ1987PTC010122 Incorporated 12 November 1987 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company consumer electronics and durables MSME · Small
Data last updated
Revenue · FY 2025
₹23.36 Cr
▼ 23.65% YoY
Net profit · FY 2025
₹4.68 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹89.9 Lakh
EBITDA margin 3.8%
Authorised capital
₹5.1 Cr
Registered with MCA
Paid-up capital
₹2.2 Cr
Issued & subscribed
Open charges
₹6.1 Cr
Satisfied ₹296.66 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
115
Provident fund records

About Milcent Appliances Private Limited

Data last updated:

Milcent Appliances Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 November 1987 and has been in existence for over 39 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32201GJ1987PTC010122. Its GSTIN is 24AAACM9902E1ZR (Gujarat). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5.1 Cr and a paid-up capital of ₹2.2 Cr. It is led by directors Bhavesh Patel Girishbhai and Jayshreeben Patel Rohitkumar.

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 8th Floor Shaligram Corporates C J Marg Ambli Ahmedabad – 380058, Gujarat, India – 380058.

As per the financials filed for FY 2025, the company reported a revenue of ₹23.36 Cr. For the same year it recorded a net profit of ₹4.68 Lakh (net margin 0.2%) and EBITDA of ₹89.9 Lakh (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 5% over five years.

The company has about 115 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹6.1 Cr and satisfied charges of ₹296.66 Cr on record. Court records list 22 cases involving the company, including 13 filed by the company and 9 filed against it.

Milcent Appliances Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-03-0004361). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milcentappliances.com.

Company details

CIN U32201GJ1987PTC010122
Registration Number 010122
Incorporation Date 12 November 1987
ROC Ahmedabad
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-GJ-03-0004361
Key People
Bhavesh Patel Girishbhai Director Jayshreeben Patel Rohitkumar Director

Recognitions & Rankings of Milcent Appliances

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-03-0004361

Contact details

Milcent Appliances Private Limited's registered office is in Ahmedabad, Gujarat. Its website is milcentappliances.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    milcentappliances.com
  • Social Media
  • Registered Address
    8th Floor Shaligram Corporates C J Marg Ambli Ahmedabad – 380058, Gujarat, India – 380058
  • Industry
    Consumer Electronics & Durables, Electronics Manufacturing

To see the full contact details of Milcent Appliances Private Limited, buy the company report.

Comprehensive company report
Milcent Appliances 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Milcent Appliances is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Milcent Appliances Private Limited, buy the company report.

Financials of Milcent Appliances Private Limited

FY 2025 filings available

Milcent Appliances Private Limited reported revenue of ₹23.36 Cr for FY 2025.

Revenue · FY 2025
₹23.36 Cr
Net profit · FY 2025
₹4.68 Lakh margin 0.2%
EBITDA · FY 2025
₹89.9 Lakh margin 3.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▼ 15%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 11%
5 years · compounded
▲ 13%

Revenue has declined at a compounded annual rate (CAGR) of 5% over five years. EBITDA rose 1% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹89.9 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹4.68 Lakh
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin3.8%
Net Profit Margin0.2%
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 Milcent Appliances Private Limited, buy the company report.

Board of directors of Milcent Appliances Private Limited

Milcent Appliances has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bhavesh Patel Girishbhai
Also directs: Amanta Healthcare Limited, Magtech Motors Pvt Ltd, The Pharmaceutical Form-Fill-Seal Association of India
Director24 Nov 20205 Years 11 MonthsCurrent
Jayshreeben Patel Rohitkumar
Also directs: Magtech Motors Pvt Ltd
Director12 Nov 198738 Years 11 MonthsCurrent
View all directors

Peer comparison

Milcent Appliances Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Process Machinery), 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Multi Lighting Controls Private Limited₹23.39 Cr (FY 2024)-53.0%Mumbai, Maharashtra, India
Sumitek Natraj Machinery Private Limited₹23.37 Cr (FY 2025)12.0%Ahmedabad, Gujarat, India
Milcent Appliances Private Limitedthis company₹23.36 Cr (FY 2025)₹4.68 Lakh0.2%115Ahmedabad, Gujarat, India
Synergy Agro-Tech Private Limited₹23.34 Cr (FY 2025)7.0%Ahmedabad, Gujarat, India
Kinger Electronics Private Limited₹23.29 Cr (FY 2025)New Delhi, Delhi, India
Ruj & SRM Mechanics Private Limited₹23.23 Cr (FY 2025)0.0%Jaipur, Rajasthan, India

To see the full peer comparison of Milcent Appliances Private Limited, buy the company report.

Auditor

Milcent Appliances Private Limited is audited by C. R. Sharedalal & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
C. R. Sharedalal & Co.FY 2023109943W

Shareholding

The shareholding of Milcent Appliances 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 categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Milcent Appliances Private Limited, buy the company report.

Charges & borrowings

Open charges
₹6.1 Cr
Satisfied charges
₹296.66 Cr
Breakdown by lending institutions
Bank of Baroda₹6.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Oct 201210385333Bank of Baroda₹2.1 CrOpen
04 Dec 201010252679Bank of Baroda₹2.8 CrOpen
06 Jun 200080044617Bank of Baroda₹85 LakhOpen
23 Apr 199290314933Bank of Baroda₹8.35 LakhOpen
12 Dec 199090314665Bank of Baroda₹6 LakhOpen

To see the full charge records of Milcent Appliances Private Limited, buy the company report.

Total charge records: 11 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Milcent Appliances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Milcent Appliances Private Limited has a workforce of 115 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.

Employee count
115
Active EPFO establishments
1
Employee growth
-4.96%

GST

Milcent Appliances has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
24AAACM9902E1ZRGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Milcent Appliances Private Limited, buy the company report.

Recent activity

Milcent Appliances Private Limited has 6 board changes on record since 1987: 2 appointments and 4 cessations. The latest: Bhavesh Patel Girishbhai was appointed as Director on 24 Nov 2020.

AGM
Milcent Appliances Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Milcent Appliances Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 16 Jul 2022 via Charge ID 100607703 with Others was fully satisfied on 22 Apr 2024.
Charges
A charge registered on 14 Nov 2017 via Charge ID 100190085 with Idbi Trusteeship Services Limited was fully satisfied on 11 Oct 2023.
Charges
A charge with Others amounted to Rs. 160.00 Cr with Charge ID 100607703 was registered on 16 Jul 2022.
Charges
A charge registered on 29 Jun 2020 via Charge ID 100352721 with Others was fully satisfied on 05 Feb 2021.
Charges
A charge registered on 29 Jun 2020 via Charge ID 100352719 with Others was fully satisfied on 04 Feb 2021.
Appointed
Bhavesh Patel Girishbhai was appointed as Director.
Ceased
Rohitkumar Patel Jashbhai ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.45 Cr with Charge ID 100352719 was registered on 29 Jun 2020.
Charges
A charge with Others amounted to Rs. 0.28 Cr with Charge ID 100352721 was registered on 29 Jun 2020.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 135.93 Cr with Charge ID 100190085 was registered on 14 Nov 2017.

14 earlier events are in the company report.

Frequently asked questions

Milcent Appliances is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 November 1987 (39+ years old) and is registered under CIN U32201GJ1987PTC010122.

Milcent Appliances has 2 current directors:

The latest financial statements of Milcent Appliances 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 Milcent Appliances is 24AAACM9902E1ZR, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Milcent Appliances is U32201GJ1987PTC010122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Milcent Appliances has 22 court cases on record: 13 filed by the company and 9 filed against it. Most are in the high courts.

Milcent Appliances was incorporated on 12 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Milcent Appliances by revenue are Multi Lighting Controls Private Limited, Sumitek Natraj Machinery Private Limited, Synergy Agro-Tech Private Limited, Kinger Electronics Private Limited, Ruj & SRM Mechanics Private Limited, all in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Bhavesh Patel Girishbhai was appointed as Director on 24 Nov 2020. Rohitkumar Patel Jashbhai ceased to be Director on 10 Nov 2020. Pradipkumar Jashbhai Patel ceased to be Additional Director on 20 Apr 2016. Milcent Appliances has 6 board changes on record in total.

Yes, Milcent Appliances is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-03-0004361).

Milcent Appliances can be reached through the website milcentappliances.com. Its registered office is in Ahmedabad, Gujarat, India.