MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-20-0000982
Banmore Electricals Pvt Ltd - machinery and equipment in Gwalior, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹83.12 Cr
▲ 45% YoY
Net profit · FY 2024
₹4.7 Cr
Net margin 5.7%
EBITDA · FY 2024
₹7.39 Cr
EBITDA margin 8.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹28.91 Cr
Secured borrowings
Company age
49 yrs
Est. 1977
Employees · EPFO
31
Provident fund records
About Banmore Electricals Pvt Ltd
Data last updated:
Banmore Electricals Pvt Ltd is a private limited company based in Gwalior, Madhya Pradesh, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 28 December 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U03110MP1977PTC001428. Its GSTIN is 23AABCB4242M1ZV (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Sadhana Jain and Gaurav Jain.
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 Behind Park Hotelmoti Mahal Marg Gwalior, Madhya Pradesh, India – 474002.
As per the financials filed for FY 2024, the company reported a revenue of ₹83.12 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹4.7 Cr (net margin 5.7%) and EBITDA of ₹7.39 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 21% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Banmore Electrical. As per MCA filings, the company has open charges of ₹28.91 Cr on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it; 1 case is pending.
Banmore Electricals Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-20-0000982). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website banmorecore.com.
Company details
CIN U03110MP1977PTC001428
Registration Number 001428
Incorporation Date 28 December 1977
ROC Gwalior
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-MP-20-0000982
Recognitions & Rankings of Banmore Electricals
Contact details
Banmore Electricals Pvt Ltd's registered office is in Gwalior, Madhya Pradesh. Its website is banmorecore.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBehind Park Hotelmoti Mahal Marg Gwalior, Madhya Pradesh, India – 474002
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Banmore Electricals Pvt Ltd, buy the company report.
Comprehensive company report
Banmore 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Banmore Electricals operates one associated brand: Banmore Electrical. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of CRGO transformer lamination and core assemblies in India. | banmorecore.com |
Business activity
The main business activity of Banmore Electricals is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Banmore Electricals Pvt Ltd, buy the company report.
Financials of Banmore Electricals Pvt Ltd
FY 2025 filings availableBanmore Electricals Pvt Ltd reported revenue of ₹83.12 Cr (up 45% YoY) for FY 2024.
Revenue · FY 2024
₹83.12 Cr ▲ 45%
Net profit · FY 2024
₹4.7 Cr margin 5.7%
EBITDA · FY 2024
₹7.39 Cr margin 8.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 47%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 69%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 45% growth in the latest year. EBITDA rose 107% 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 | ₹7.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.7 Cr | ||||
| 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 | 8.9% | ||||
| Net Profit Margin | 5.7% | ||||
| 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 Banmore Electricals Pvt Ltd, buy the company report.
Board of directors of Banmore Electricals Pvt Ltd
Banmore Electricals has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadhana Jain | Director | 28 Aug 2006 | 20 Years 1 Months | Current |
| Gaurav Jain | Director | 28 Aug 2006 | 20 Years 1 Months | Current |
| Nirmal Kumar Jain Also directs: Western Transformer & Equipment Private Limited | Director | 28 Dec 1977 | 48 Years 9 Months | Current |
Peer comparison
Banmore Electricals Pvt Ltd is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers, Power Equipment Manufacturers), 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amperehour Solar Technology Private Limited | ₹83.91 Cr (FY 2025) | 285.0% | Khed, Maharashtra, India | |||
| Repos Iot India Private Limited | ₹83.53 Cr (FY 2025) | 25.0% | Pune, Maharashtra, India | |||
| Banmore Electricals Pvt Ltdthis company | ₹83.12 Cr (FY 2024) | ₹4.7 Cr | 5.7% | 45.0% | 31 | Gwalior, Madhya Pradesh, India |
| Ace Engineering Solutions India Private Limited | ₹83 Cr (FY 2025) | -6.0% | Pune, Maharashtra, India | |||
| Apt Power Engineering Private Limited | ₹82.89 Cr (FY 2025) | 52.0% | Patancheru, Telangana, India |
To see the full peer comparison of Banmore Electricals Pvt Ltd, buy the company report.
Auditor
Banmore Electricals Pvt Ltd is audited by S. PRAKASH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. PRAKASH & CO. | FY 2022 | 000002C |
Shareholding
The shareholding of Banmore Electricals Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Banmore Electricals Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹28.91 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2024 | 100950679 | Others | ₹20 Lakh | Open | |
| 25 Feb 2022 | 100546797 | Others | ₹36 Lakh | Open | |
| 07 Dec 2021 | 100512087 | Others | ₹50 Lakh | Open | |
| 09 Apr 2021 | 100440746 | Others | ₹3 Cr | Open | |
| 05 Jan 2011 | 10262684 | Others | ₹24.85 Cr | Open |
To see the full charge records of Banmore Electricals Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Banmore Electricals Pvt Ltd has 12 court cases on record: 9 filed by Banmore Electricals, 3 filed against it. 1 case is pending and 11 are disposed.
Total cases
12
Filed by the company
9
Filed against the company
3
Pending
1
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 1 |
| High courts | 6 | 2 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gwalior, Madhya Pradesh | Court case (RCS A) | Filed by the company against MP Industrial Development Corporation Limited | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (MCA) | Filed by the company against MP Industrial Development Corporation Limited | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (MJC AV) | Filed by the company against MP Industrial Development Corporation Limited | Disposed |
| High Court of Madhya Pradesh | Court case (RP) | Filed by the company against Madhya Pradesh Industrial Development Corporation Limited | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (CRR) | Filed against the company by M/S Malecon and 2 others | Disposed |
To see the full case history of Banmore Electricals Pvt Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Banmore Electricals Pvt Ltd was last rated by Brickwork on 15 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 15 Apr 2021 |
To see the full credit ratings and regulatory alerts of Banmore Electricals Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Banmore Electricals Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Banmore Electricals Pvt Ltd has a workforce of 31 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
3.33%
GST
Banmore Electricals has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCB4242M1ZV | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banmore Electricals Pvt Ltd, buy the company report.
Recent activity
Banmore Electricals Pvt Ltd has 5 board changes on record since 1977: 3 appointments and 2 cessations. The latest: Bimlesh Kumar Jain ceased to be Director on 15 Mar 2021.
AGM
Banmore Electricals Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 2,485.00 Lakh registered on 05 Jan 2011 with Charge ID 10262684 was modified on 17 Jul 2025.
Filing
Banmore Electricals Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 100950679 was registered on 26 Jun 2024.
Charges
A charge with Others of Rs. 36.00 Lakh registered on 25 Feb 2022 with Charge ID 100546797 was modified on 12 May 2023.
Charges
A charge with Others amounted to Rs. 36.00 Lakh with Charge ID 100546797 was registered on 25 Feb 2022.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100512087 was registered on 07 Dec 2021.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100440746 was registered on 09 Apr 2021.
Ceased
Bimlesh Kumar Jain ceased to be Director.
Ceased
Swaroop Chand Jain ceased to be Director.
Charges
A charge with Others amounted to Rs. 2,485.00 Lakh with Charge ID 10262684 was registered on 05 Jan 2011.
Appointed
Gaurav Jain was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Banmore Electricals is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 28 December 1977 (49+ years old) and is registered under CIN U03110MP1977PTC001428.
Banmore Electricals has 3 current directors:
- Sadhana Jain - Director
- Gaurav Jain - Director
- Nirmal Kumar Jain - Director
The latest financial statements of Banmore 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 Banmore Electricals is 23AABCB4242M1ZV, registered in Madhya Pradesh. 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 Banmore Electricals is U03110MP1977PTC001428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banmore Electricals has 12 court cases on record: 9 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Banmore Electricals was incorporated on 28 December 1977, making it 49+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Banmore Electricals by revenue are Amperehour Solar Technology Private Limited, Repos Iot India Private Limited, Ace Engineering Solutions India Private Limited, Apt Power Engineering Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Bimlesh Kumar Jain ceased to be Director on 15 Mar 2021. Swaroop Chand Jain ceased to be Director on 31 Aug 2016. Gaurav Jain was appointed as Director on 28 Aug 2006. Banmore Electricals has 5 board changes on record in total.
Yes, Banmore Electricals is registered as a small enterprise under Udyam registration (number: UDYAM-MP-20-0000982).
Banmore Electricals can be reached through the website banmorecore.com. Its registered office is in Gwalior, Madhya Pradesh, India.