MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0034411
Miracle Electronic Devices Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹37.94 Cr
▲ 39% YoY
Net profit · FY 2025
₹2.12 Cr
Net margin 5.6%
EBITDA · FY 2025
₹5.05 Cr
EBITDA margin 13.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹14.76 Cr
Satisfied ₹12.96 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
106
Provident fund records
About Miracle Electronic Devices Private Limited
Data last updated:
Miracle Electronic Devices Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 02 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U32104KA1994PTC015300. Its GSTIN is 29AABCM3298E1ZB (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹75 Lakh. It is led by directors including Anjana Vadhar Nileshkumar and Sonal Jitendra Davda.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 48/1 Karihobavanhalli Thigalarapallya Main Road Peenya 2nd Stage, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.94 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹2.12 Cr (net margin 5.6%) and EBITDA of ₹5.05 Cr (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
The company has about 106 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Miracle Aerospace and Miracle Electronics. As per MCA filings, the company has open charges of ₹14.76 Cr and satisfied charges of ₹12.96 Cr on record.
Miracle Electronic Devices Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0034411). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miracle.net.in.
Company Details of Miracle Electronic Devices Private Limited
CIN U32104KA1994PTC015300
Registration Number 015300
Incorporation Date 02 March 1994
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0034411
Key People
Anjana Vadhar Nileshkumar Director Sonal Jitendra Davda Director Jitendra Kanaiyalal Davada Director Recognitions & Rankings of Miracle Electronic Devices
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address48/1 Karihobavanhalli Thigalarapallya Main Road Peenya 2nd Stage, Bangalore, Karnataka, India – 560058
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
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Associated Brands with Miracle Electronic Devices Private Limited
Miracle Electronic Devices operates two associated brands: Miracle Aerospace and Miracle Electronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in designing and selling on-trend fashion jewellery online in Australia. | miracleaerospace.com | |
| Manufacturing of transformers, wire harnesses, and electronic assemblies in India. | miracle.net.in |
Business Activity of Miracle Electronic Devices Private Limited
The main business activity of Miracle Electronic Devices is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Miracle Electronic Devices Private Limited FY 2025 filings available
Miracle Electronic Devices Private Limited reported revenue of ₹37.94 Cr (up 39% YoY) for FY 2025.
Revenue · FY 2025
₹37.94 Cr ▲ 39%
Net profit · FY 2025
₹2.12 Cr margin 5.6%
EBITDA · FY 2025
₹5.05 Cr margin 13.3%
Compounded Annual Growth Rate (CAGR) of Miracle Electronic Devices Private Limited
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 5%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 1%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 39% growth in the latest year. EBITDA rose 41% 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 of Miracle Electronic Devices Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹5.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.12 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 of Miracle Electronic Devices Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Miracle Electronic Devices are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Miracle Electronic Devices Private Limited
Miracle Electronic Devices has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjana Vadhar Nileshkumar Also directs: V & D Delight LLP | Director | 22 Aug 2011 | 15 Years 1 Months | Current |
| Sonal Jitendra Davda | Director | 22 Aug 2011 | 15 Years 1 Months | Current |
| Jitendra Kanaiyalal Davada | Director | 02 Mar 1994 | 32 Years 7 Months | Current |
| Nilesh Shashikant Vadhar Also directs: V & D Delight LLP | Director | 02 Mar 1994 | 32 Years 7 Months | Current |
Peer Comparison of Miracle Electronic Devices Private Limited
Miracle Electronic Devices Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Miracle Electronic Devices Private Limited this company | ₹37.94 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Bangalore, Karnataka, India |
| Rass Heavy Electricals Private Limited | ₹27.48 Cr (FY 2024) | •••• | •••• | •••• | Bhopal, Madhya Pradesh, India | |
| Sukrut Electric Company Private Limited | ₹27.46 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Pune, Maharashtra, India |
| Busbar Systems (India) Limited | ₹27.44 Cr (FY 2016) | •••• | •••• | 266.0% | •••• | Bangalore, Karnataka, India |
| Innovative Tech Distribution Private Limited | ₹27.31 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Genset India Pvt Ltd | ₹27.3 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Aakash Powertech Pvt. Ltd. | ₹27.27 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Kiran Power Rectification Services Private Limited | ₹27.23 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Anekal, Karnataka, India |
| Prowess Engineering Private Limited | ₹27.21 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Pune, Maharashtra, India |
| M.K.Powertech Private Limited | ₹27.12 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | New Delhi, Delhi, India |
| Stardrive Busducts Private Limited | ₹27.1 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Miracle Electronic Devices by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Miracle Electronic Devices Private Limited
Miracle Electronic Devices Private Limited is audited by Mallya and Mallya for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mallya and Mallya | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Miracle Electronic Devices Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Miracle Electronic Devices Private Limited
Open charges
₹14.76 Cr
Satisfied charges
₹12.96 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 May 2025 | Others | ₹14.25 Cr | Open |
| 26 Jun 2024 | Hdfc Bank Limited | ₹15 Lakh | Open |
| 30 Jul 2021 | Hdfc Bank Limited | ₹25 Lakh | Open |
| 28 Jul 2021 | Hdfc Bank Limited | ₹10.66 Lakh | Open |
| 19 Oct 2015 | Hdfc Bank Limited | ₹8.5 Cr | Satisfied |
Total charge records: 10 View all charges
MSME Payment Delays by Miracle Electronic Devices Private Limited
Miracle Electronic Devices Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 226 overdue payments to 49 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 (5 of 49)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Roto Polymers and Chemicals | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Indo Packing Technologies | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Miracle Electronic Devices Private Limited
Miracle Electronic Devices Private Limited has a workforce of 106 employees as of Oct 08, 2025.
Employee count
106
Active EPFO establishments
1
Employee growth
-4.5%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Miracle Electronic Devices Private Limited
Miracle Electronic Devices Private Limited has 4 board changes on record since 1994: 4 appointments. The latest: Anjana Vadhar Nileshkumar was appointed as Director on 22 Aug 2011.
AGM
Miracle Electronic Devices Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge registered on 19 Oct 2015 via Charge ID 10602070 with Hdfc Bank Limited was fully satisfied on 14 Jul 2025.
Charges
A charge with Others amounted to Rs. 14.25 Cr with Charge ID 101090733 was registered on 06 May 2025.
Filing
Miracle Electronic Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 8.50 Cr registered on 19 Oct 2015 with Charge ID 10602070 was modified on 20 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100948607 was registered on 26 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100466028 was registered on 30 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100465682 was registered on 28 Jul 2021.
Charges
A charge registered on 30 Jul 2014 via Charge ID 10513881 with Karnataka Bank Ltd. was fully satisfied on 29 Dec 2015.
Charges
A charge registered on 03 Jun 2013 via Charge ID 10433861 with Karnataka Bank Ltd. was fully satisfied on 29 Dec 2015.
Charges
A charge registered on 04 Mar 2009 via Charge ID 10149511 with Karnataka Bank Ltd. was fully satisfied on 29 Dec 2015.
Charges
A charge registered on 04 Mar 2009 via Charge ID 10149513 with Karnataka Bank Ltd. was fully satisfied on 29 Dec 2015.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Miracle Electronic Devices Private Limited
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Credit ratings, litigation, and regulatory alerts
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Subsidiaries & Group Companies of Miracle Electronic Devices Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Miracle Electronic Devices Private Limited
Miracle Electronic Devices has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM3298E1ZB | Karnataka | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Miracle Electronic Devices Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Miracle Electronic Devices Private Limited
Miracle Electronic Devices is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 02 March 1994 (32+ years old) and is registered under CIN U32104KA1994PTC015300.
Miracle Electronic Devices reported revenue of ₹37.94 Cr for FY 2025 (up 39% YoY).
Miracle Electronic Devices has 4 current directors:
- Anjana Vadhar Nileshkumar - Director
- Sonal Jitendra Davda - Director
- Jitendra Kanaiyalal Davada - Director
- Nilesh Shashikant Vadhar - Director
Miracle Electronic Devices reported a net profit of ₹2.12 Cr (net margin 5.6%) and EBITDA of ₹5.05 Cr (EBITDA margin 13.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Miracle Electronic Devices is 5% over three years and 15% over five years. In the latest year (FY 2025) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Miracle Electronic Devices is 29AABCM3298E1ZB, 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 Miracle Electronic Devices is U32104KA1994PTC015300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miracle Electronic Devices was incorporated on 02 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Miracle Electronic Devices by revenue are Rass Heavy Electricals Private Limited, Sukrut Electric Company Private Limited, Busbar Systems (India) Limited, Innovative Tech Distribution Private Limited, Genset India Pvt Ltd and 5 more, all in the Power industry (Power Equipment Manufacturers).
Anjana Vadhar Nileshkumar was appointed as Director on 22 Aug 2011. Sonal Jitendra Davda was appointed as Director on 22 Aug 2011. Jitendra Kanaiyalal Davada was appointed as Director on 02 Mar 1994. Miracle Electronic Devices has 4 board changes on record in total.
Yes, Miracle Electronic Devices is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0034411).
Miracle Electronic Devices has 12 MSME Form 1 returns on record between 2019 and 2023, listing 226 overdue payments to 49 micro and small suppliers. The latest return was filed on 16 Dec 2023.