MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-17-0013668
Milind Electricals Pvt Ltd
Milind Electricals Pvt Ltd - energy and power in Palghar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.14 Cr
▲ 14% YoY
Net profit · FY 2024
₹5.42 Lakh
Net margin 1.3%
EBITDA · FY 2024
₹25.38 Lakh
EBITDA margin 6.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹90 Lakh
Issued & subscribed
Open charges
₹2.18 Cr
Satisfied ₹1.39 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
16
Provident fund records
About Milind Electricals Pvt Ltd
Data last updated:
Milind Electricals Pvt Ltd is a private limited company based in Palghar, Maharashtra, India, a subsidiary of Aakash Universal Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 22 February 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH1984PTC032237. Its GSTIN is 27AAACM3121D1Z4 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹90 Lakh. It is led by directors including Milind Govind Vaidya (Managing Director) and Sanjivani Milind Vaidya.
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 Plot No 60 Shree Ambika Udyog Nagar Old Satpati Road Village Shirgaon, Palghar, Maharashtra, India – 401404.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.14 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹5.42 Lakh (net margin 1.3%) and EBITDA of ₹25.38 Lakh (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 13% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.18 Cr and satisfied charges of ₹1.39 Cr on record.
Milind Electricals Pvt Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0013668). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31200MH1984PTC032237
Registration Number 032237
Incorporation Date 22 February 1984
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Aakash Universal Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-17-0013668
Key People
Milind Govind Vaidya Managing Director Sanjivani Milind Vaidya Director Aditya Milind Vaidya Director Recognitions & Rankings of Milind Electricals
Contact details
Milind Electricals Pvt Ltd's registered office is in Palghar, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No 60 Shree Ambika Udyog Nagar Old Satpati Road Village Shirgaon, Palghar, Maharashtra, India – 401404
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Milind Electricals Pvt Ltd, buy the company report.
Comprehensive company report
Milind Electricals Pvt Ltd - 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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Business activity
The main business activity of Milind Electricals is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of Milind Electricals Pvt Ltd, buy the company report.
Financials of Milind Electricals Pvt Ltd
FY 2025 filings availableMilind Electricals Pvt Ltd reported revenue of ₹4.14 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹4.14 Cr ▲ 14%
Net profit · FY 2024
₹5.42 Lakh margin 1.3%
EBITDA · FY 2024
₹25.38 Lakh margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 25%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 23%
5 years · compounded
▲ 81%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 14% growth in the latest year. EBITDA rose 7% 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 | ₹25.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.42 Lakh | ||||
| 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 | 6.1% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Milind Electricals Pvt Ltd, buy the company report.
Board of directors of Milind Electricals Pvt Ltd
Milind Electricals has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Govind Vaidya Also directs: Apex Global SCM LLP, Arivia Realty LLP | Managing Director | 22 Feb 1984 | 42 Years 8 Months | Current |
| Sanjivani Milind Vaidya | Director | 21 Jan 2008 | 18 Years 9 Months | Current |
| Aditya Milind Vaidya Also directs: Apex Global SCM LLP, Arivia Realty LLP | Director | 19 Jan 2011 | 15 Years 9 Months | Current |
Auditor
Milind Electricals Pvt Ltd is audited by TUSHAR M LEHRI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TUSHAR M LEHRI & ASSOCIATES | FY 2018 | 111098W |
Shareholding
The shareholding of Milind Electricals Pvt Ltd is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Milind Electricals Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹2.18 Cr
Satisfied charges
₹1.39 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2020 | 100414132 | Others | ₹5 Lakh | Open | |
| 21 Nov 2019 | 100306323 | Others | ₹2 Cr | Open | |
| 29 Mar 1993 | 90244227 | Mahrashtra State Financial Corporation | ₹13 Lakh | Open | |
| 22 May 2007 | 10053430 | Bank of Maharashtra | ₹4.9 Lakh | Satisfied | |
| 04 Dec 2006 | 10088102 | Bank of Maharashtra | ₹60 Lakh | Satisfied |
To see the full charge records of Milind Electricals Pvt Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Milind Electricals Pvt Ltd 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 Milind Electricals Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Milind Electricals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3121D1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milind Electricals Pvt Ltd, buy the company report.
Recent activity
Milind Electricals Pvt Ltd has 15 board changes on record since 1984: 9 appointments and 6 cessations. The latest: Aakansha Yash Vedmutha ceased to be Director on 13 Nov 2019.
Charges
A charge with Others of Rs. 2.00 Cr registered on 21 Nov 2019 with Charge ID 100306323 was modified on 17 Oct 2025.
AGM
Milind Electricals Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Milind Electricals Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Others amounted to Rs. 0.05 Cr with Charge ID 100414132 was registered on 03 Dec 2020.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100306323 was registered on 21 Nov 2019.
Ceased
Aakansha Yash Vedmutha ceased to be Director.
Ceased
Aakash Ramawatar Jajodia ceased to be Director.
Ceased
Rahul Prabhakar Ambegaokar ceased to be Director.
Ceased
Santosh Ram Jajodia ceased to be Director.
Charges
A charge registered on 22 May 2007 via Charge ID 10053430 with Bank Of Maharashtra was fully satisfied on 04 Nov 2019.
Charges
A charge registered on 04 Dec 2006 via Charge ID 10088102 with Bank Of Maharashtra was fully satisfied on 04 Nov 2019.
Charges
A charge registered on 02 Dec 2006 via Charge ID 10030086 with Bank Of Maharashtra was fully satisfied on 04 Nov 2019.
21 earlier events are in the company report.
Frequently asked questions
Milind Electricals is an active private limited company based in Palghar, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 22 February 1984 (42+ years old) and is registered under CIN U31200MH1984PTC032237.
Milind Electricals has 3 current directors:
- Milind Govind Vaidya - Managing Director
- Sanjivani Milind Vaidya - Director
- Aditya Milind Vaidya - Director
The latest financial statements of Milind Electricals 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 Milind Electricals is 27AAACM3121D1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Milind Electricals is U31200MH1984PTC032237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milind Electricals was incorporated on 22 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Aakansha Yash Vedmutha ceased to be Director on 13 Nov 2019. Aakash Ramawatar Jajodia ceased to be Director on 13 Nov 2019. Rahul Prabhakar Ambegaokar ceased to be Director on 13 Nov 2019. Milind Electricals has 15 board changes on record in total.
Yes, Milind Electricals is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-17-0013668).
The registered office of Milind Electricals is at Plot No 60 Shree Ambika Udyog Nagar Old Satpati Road Village Shirgaon, Palghar, Maharashtra, India – 401404.
Milind Electricals operates in the energy and power industry, in the power equipment manufacturers segment.
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