MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0009259
Mithsagar Electronicss Systems Private Limited - consumer electronics & durables in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.77 Cr
▼ 6% YoY
Net loss · FY 2024
₹11.5 Lakh
Net margin -1.2%
EBITDA · FY 2024
-₹3.28 Lakh
EBITDA margin -0.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4.35 Lakh
Issued & subscribed
Open charges
₹18 Lakh
Secured borrowings
Company age
35 yrs
Est. 1991
Employees · EPFO
22
Provident fund records
About Mithsagar Electronicss Systems Private Limited
Data last updated:
Mithsagar Electronicss Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 06 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U32109MH1991PTC060125. Its GSTIN is 27AABCM1778K1Z5 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.35 Lakh. It was formerly known as Mithsagar Eletronics Systems P Ltd. It is led by directors including Ameeth Ramchandra Kulkarni (Managing Director) and Madhav Vaman Mithsagar (Whole-Time Director).
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 21 Shivshaktihousing Society Kothrud, Pune, Maharashtra, India – 411029.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.77 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹11.5 Lakh (net margin -1.2%) and EBITDA of -₹3.28 Lakh (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 2% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18 Lakh on record.
Mithsagar Electronicss Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0009259). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mithsagarelectronicss.com.
Company Details of Mithsagar Electronicss Systems Private Limited
CIN U32109MH1991PTC060125
Registration Number 060125
Incorporation Date 06 February 1991
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0009259
Key People
Ameeth Ramchandra Kulkarni Managing Director Madhav Vaman Mithsagar Whole-Time Director Manjiri Madhav Mithsagar Director Recognitions & Rankings of Mithsagar Electronicss Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address21 Shivshaktihousing Society Kothrud, Pune, Maharashtra, India – 411029
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
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Business Activity of Mithsagar Electronicss Systems Private Limited
The main business activity of Mithsagar Electronicss Systems 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 Mithsagar Electronicss Systems Private Limited FY 2024 filings available
Mithsagar Electronicss Systems Private Limited reported revenue of ₹9.77 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹9.77 Cr ▼ 6%
Net loss · FY 2024
₹11.5 Lakh margin -1.2%
EBITDA · FY 2024
-₹3.28 Lakh margin -0.3%
Compounded Annual Growth Rate (CAGR) of Mithsagar Electronicss Systems Private Limited
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 11%
5 years · compounded
▲ 2%
EBITDA CAGR growth
3 years · compounded
▲ 37%
5 years · compounded
▲ 36%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. 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 Mithsagar Electronicss Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹3.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.5 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 of Mithsagar Electronicss Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Mithsagar Electronicss Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ameeth Ramchandra Kulkarni Also directs: Voltegic Solutions LLP | Managing Director | 06 Feb 1991 | 35 Years 8 Months | Current |
| Madhav Vaman Mithsagar | Whole-Time Director | 30 Sep 1994 | 32 Years 0 Months | Current |
| Manjiri Madhav Mithsagar Also directs: Rutamsoft Technologies LLP | Director | 09 Jun 1995 | 31 Years 4 Months | Current |
Peer Comparison of Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems 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 |
|---|---|---|---|---|---|---|
| Rajashree International Manufacturing Private Limited | ₹9.83 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Pune, Maharashtra, India |
| Prestige Switchgears Private Limited | ₹9.82 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Lucknow, Uttar Pradesh, India |
| Radio Electric Private Limited | ₹9.81 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| SML Plastocraft Limited | ₹9.81 Cr (FY 2025) | •••• | •••• | 30938.0% | •••• | Manesar, Haryana, India |
| Jain Electricals Private Limited | ₹9.81 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Gangapur, Maharashtra, India |
| Mithsagar Electronicss Systems Private Limited this company | ₹9.77 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Pune, Maharashtra, India |
| Avante Global Services Private Limited | ₹9.72 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
| Jayanthi Transformers Private Limited | ₹9.72 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Reliable Electronic Components Private Limited | ₹9.7 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Vertex Power Controls Private Limited | ₹9.69 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | New Delhi, Delhi, India |
| Shakshi Transformers Private Limited | ₹9.68 Cr (FY 2025) | •••• | •••• | 66.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Mithsagar Electronicss Systems 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 Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems Private Limited is audited by YAP & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| YAP & Associates | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Mithsagar Electronicss Systems Private Limited
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Charges & Borrowings of Mithsagar Electronicss Systems Private Limited
Open charges
₹18 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2002 | The Cosmos Co-Op Bank Ltd | ₹6 Lakh | Open |
| 20 Sep 2000 | The Cosmos Co-Op Bank Ltd | ₹2 Lakh | Open |
| 13 Mar 1993 | The Cosmos Co-Op Bank Ltd | ₹6 Lakh | Open |
| 05 Jan 1993 | The Cosmos Co-Op Bank Ltd | ₹4 Lakh | Open |
Total charge records: 4 View all charges
MSME Payment Delays by Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 43 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Spectra Electricals Private Limited | •••• | •••• | •••• |
| Bipinkumar Electric Corporation | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Purohit Roadlines | •••• | •••• | •••• |
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Every supplier, amount and due date from all 2 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 Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems Private Limited has a workforce of 22 employees as of Apr 01, 2024.
Employee count
22
Active EPFO establishments
1
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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 Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems Private Limited has 3 board changes on record since 1991: 3 appointments. The latest: Manjiri Madhav Mithsagar was appointed as Director on 09 Jun 1995.
AGM
Mithsagar Electronicss Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mithsagar Electronicss Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with The Cosmos Co-Op Bank Ltd amounted to Rs. 6.00 Lakh with Charge ID 90086074 was registered on 31 Mar 2002.
Charges
A charge with The Cosmos Co-Op Bank Ltd amounted to Rs. 2.00 Lakh with Charge ID 90085485 was registered on 20 Sep 2000.
Appointed
Manjiri Madhav Mithsagar was appointed as Director.
Appointed
Madhav Vaman Mithsagar was appointed as Whole-Time Director.
Charges
A charge with The Cosmos Co-Op Bank Ltd amounted to Rs. 6.00 Lakh with Charge ID 90083948 was registered on 13 Mar 1993.
Charges
A charge with The Cosmos Co-Op Bank Ltd amounted to Rs. 4.00 Lakh with Charge ID 90087762 was registered on 05 Jan 1993.
Appointed
Ameeth Ramchandra Kulkarni was appointed as Managing Director.
Incorporation
06 Feb 1991
Mithsagar Electronicss Systems Private Limited was registered on 06 Feb 1991 with Roc Pune & aged 35 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Mithsagar Electronicss Systems Private Limited
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Subsidiaries & Group Companies of Mithsagar Electronicss Systems Private Limited
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GST Compliance of Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM1778K1Z5 | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Mithsagar Electronicss Systems Private Limited
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MCA filings and documents
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Frequently Asked Questions about Mithsagar Electronicss Systems Private Limited
Mithsagar Electronicss Systems is an active private limited company based in Pune, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 06 February 1991 (35+ years old) and is registered under CIN U32109MH1991PTC060125.
Mithsagar Electronicss Systems reported revenue of ₹9.77 Cr for FY 2024 (down 6% YoY).
Mithsagar Electronicss Systems has 3 current directors:
- Ameeth Ramchandra Kulkarni - Managing Director
- Madhav Vaman Mithsagar - Whole-Time Director
- Manjiri Madhav Mithsagar - Director
Mithsagar Electronicss Systems reported a net loss of ₹11.5 Lakh (net margin -1.2%) and EBITDA of -₹3.28 Lakh (EBITDA margin -0.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mithsagar Electronicss Systems is 11% over three years and 2% over five years. In the latest year (FY 2024) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mithsagar Electronicss Systems is 27AABCM1778K1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mithsagar Electronicss Systems is U32109MH1991PTC060125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mithsagar Electronicss Systems was incorporated on 06 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Mithsagar Electronicss Systems by revenue are Rajashree International Manufacturing Private Limited, Prestige Switchgears Private Limited, Radio Electric Private Limited, SML Plastocraft Limited, Jain Electricals Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Manjiri Madhav Mithsagar was appointed as Director on 09 Jun 1995. Madhav Vaman Mithsagar was appointed as Whole-Time Director on 30 Sep 1994. Ameeth Ramchandra Kulkarni was appointed as Managing Director on 06 Feb 1991.
Yes, Mithsagar Electronicss Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0009259).
Mithsagar Electronicss Systems has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 43 overdue payments to 6 micro and small suppliers. The latest return was filed on 21 Jun 2019.