About Bhagwati Products Limited
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Bhagwati Products Limited is a public limited company based in New Delhi, Delhi, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 28 October 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15412DL2002PLC258355. Its GSTIN is 07AACCB1828N2ZJ (Delhi). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.75 Cr. It was formerly known as Bhagwati Cookies & Waferslimited. It is led by directors including Vikas Jain (Managing Director) and Rohan Agarwal (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 Block – A Plot No. 21/14 4th Floor Naraina Industrial Area Phase – II, New Delhi, Delhi, India – 110028.
As per the financials filed for FY 2025, the company reported a revenue of ₹6,204.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹31.11 Cr (net margin 0.5%) and EBITDA of ₹88.78 Cr (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 67% over five years.
The company has about 366 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Micromax Informatics. As per MCA filings, the company has open charges of ₹823 Cr and satisfied charges of ₹3,080.4 Cr on record. Court records list 25 cases involving the company, including 14 filed by the company and 12 filed against it; 5 cases are pending. The company has 7 deals on record (5 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in November 2021. Its 4 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Schneider Electric IT Business India Private Limited with revenue of ₹7,471.46 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhagwatiproductsltd.com.
Company details
CIN history
Bhagwati Products has one previous CIN (Corporate Identification Number): U15412WB2002PLC095324. The current CIN is U15412DL2002PLC258355, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15412DL2002PLC258355 | Current |
| U15412WB2002PLC095324 | Previous |
Contact details
Bhagwati Products Limited's registered office is in New Delhi, Delhi. Its website is bhagwatiproductsltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlock – A Plot No. 21/14 4th Floor Naraina Industrial Area Phase – II, New Delhi, Delhi, India – 110028
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Bhagwati Products Limited, buy the company report.
- 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
Brands
Bhagwati Products operates one associated brand: Micromax Informatics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of consumer electronics and home appliances | micromaxinfo.com |
Business activity
The main business activity of Bhagwati Products is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Bhagwati Products Limited, buy the company report.
Financials of Bhagwati Products Limited
FY 2024 filings availableBhagwati Products Limited reported revenue of ₹6,204.44 Cr (up 823% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 67% over five years, including 823% growth in the latest year. EBITDA rose 238% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹88.78 Cr | ||||
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| Net Profit (PAT) | ₹31.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Bhagwati Products Limited, buy the company report.
Board of directors and KMP of Bhagwati Products Limited
Bhagwati Products Limited currently reports 6 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohan Agarwal Also directs: Rma Advisors LLP, Shrey Software Private Limited, Silicon Televenture Private Limited and 1 more | Whole-Time Director | 10 Feb 2021 | 5 Years 8 Months | Current |
| Sumeet Kumar Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Director | 15 Dec 2017 | 8 Years 10 Months | Current |
| Rahul Sharma Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Whole-Time Director | 26 Jul 2021 | 5 Years 2 Months | Current |
| Vikas Jain Also directs: MMX Infrastructure LLP, Micromax Informatics Limited, Bihar Cattle Feed Private Limited and 5 more | Managing Director | 15 Dec 2017 | 8 Years 10 Months | Current |
| Ravinder Kumar | Cfo | 26 Sep 2024 | 2 Years 0 Months | Current |
| Sachin Jain Also directs: Yu Televentures Private Limited, Banyan Tree Finserv LLP, Moneygain Imf Private Limited and 1 more | Director | 09 Aug 2019 | 7 Years 2 Months | Current |
Peer comparison
Bhagwati Products Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Schneider Electric IT Business India Private Limited | ₹7,471.46 Cr (FY 2025) | 36.0% | Bangalore, Karnataka, India | |||
| Ismartu India Private Limited | ₹6,820.51 Cr (FY 2025) | -18.0% | Noida, Uttar Pradesh, India | |||
| Bhagwati Products Limitedthis company | ₹6,204.44 Cr (FY 2025) | ₹31.11 Cr | 0.5% | 823.0% | 366 | New Delhi, Delhi, India |
| Sunwoda Electronic India Private Limited | ₹4,739.36 Cr (FY 2025) | 16.0% | Noida, Uttar Pradesh, India | |||
| Flextronics Technologies (India) Private Limited | ₹4,631.27 Cr (FY 2025) | 41.0% | Sandavellure C Village, Tamil Nadu, India |
To see the full peer comparison of Bhagwati Products Limited, buy the company report.
Auditor
Bhagwati Products Limited is audited by SANDEEP KULDEEP & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDEEP KULDEEP & CO. | FY 2023 | 015163N |
Shareholding
The shareholding of Bhagwati Products Limited 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 Bhagwati Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2025 | 101174217 | Sbicap Trustee Company Limited | ₹190 Cr | Open | |
| 26 Jun 2024 | 100942625 | Yes Bank Limited | ₹10 Cr | Open | |
| 17 Jun 2023 | 100767727 | Others | ₹55 Cr | Open | |
| 23 Dec 2022 | 100669672 | Yes Bank Limited | ₹18 Cr | Open | |
| 04 Mar 2022 | 100543474 | Yes Bank Limited | ₹25 Cr | Open |
To see the full charge records of Bhagwati Products Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Bhagwati Products Limited has 7 deals on record (5 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in November 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Rights issue | ₹1.92 Cr | Investors: 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Micromax Informatics Limited , Micromax Informatics Limited & Vikas Jain, Micromax Informatics Limited & Rahul Sharma, an individual |
| Mar 2014 | Funding round | ₹4 Cr | Investors: Micromax Informatics Limited , 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Micromax Informatics Limited , Micromax Informatics Limited & Rajesh Agarwal, 2 individuals Seller: Rajshree Trade & Finance Pvt Ltd , Puneet Projects & Investments Private Limited, 2 individuals |
To see the full deal history of Bhagwati Products Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bhagwati Products Limited has 25 court cases on record: 14 filed by Bhagwati Products, 12 filed against it. 5 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 6 | 2 |
| District courts | 5 | 3 | 1 |
| Supreme Court | 3 | 2 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by M/S. Vijay Anand Packaging Industries LLP | Pending |
| Allahabad High Court | Writ petition | Filed by the company against WTC Noida Development Company Pvt. Ltd. Through Its Chief Executive Officer and 3 others | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Narendra Kumar Tyagi S/D/W/Thru:- Ram Avtar Singh Factory Manager M/S Bhagwati Products Ltd, Sector 02, I.I.E. , Pantnagar , , Uttarakhand and 1 other | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Suraj Singh Bisht Bhagwati Products Ltd. Plot No. 18, Sector 02, I.I.E. Patnagar, Rudrapur, District Udhamsingh Nagr, Uttarakhand , , Other and 12 others | Pending |
| Allahabad High Court | Writ petition | Filed by the company against WTC Noida Development Company Pvt. Ltd. and 1 other | Disposed |
To see the full case history of Bhagwati Products Limited, 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
Bhagwati Products Limited was last rated by Care on 05 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Apr 2023 |
To see the full credit ratings and regulatory alerts of Bhagwati Products Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhagwati Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bhagwati Products has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Safal Renewables Private Limited | U40106GJ2014PTC079621 | |
| Bhagwati Renewables Private Limited | U74999HR2012PTC046302 |
To see the full group structure of Bhagwati Products Limited, buy the company report.
Employees & EPFO
Bhagwati Products Limited has a workforce of 366 employees on its EPFO records as of Apr 09, 2024, across 3 active EPFO establishments.
GST
Bhagwati Products has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCB1828N2ZJ | Delhi | Active | 01 Jul 2017 |
| 05AACCB1828N1ZO | Uttarakhand | Active | 01 Jul 2017 |
| 08AACCB1828N1ZI | Rajasthan | Active | 01 Jul 2017 |
| 36AACCB1828N2ZI | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhagwati Products Limited, buy the company report.
Recent activity
Bhagwati Products Limited has 23 board changes on record since 2011: 7 appointments and 16 cessations. The latest: Sakshi Chhabra was appointed as Additional Director on 18 Sep 2025.
53 earlier events are in the company report.
News
Frequently asked questions
Bhagwati Products is an active public limited company based in New Delhi, Delhi, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 28 October 2002 (24+ years old) and is registered under CIN U15412DL2002PLC258355.
Bhagwati Products has 7 current directors and KMP:
- Vikas Jain - Managing Director
- Rohan Agarwal - Whole-Time Director
- Rahul Sharma - Whole-Time Director
- Sumeet Kumar - Director
- Sachin Jain - Director
- Sakshi Chhabra - Additional Director
- Ravinder Kumar - Cfo
The latest financial statements of Bhagwati Products on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhagwati Products is 07AACCB1828N2ZJ, registered in Delhi. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 05AACCB1828N1ZO (Uttarakhand), 08AACCB1828N1ZI (Rajasthan), 36AACCB1828N2ZI (Telangana).
The CIN (Corporate Identification Number) of Bhagwati Products is U15412DL2002PLC258355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagwati Products has 25 court cases on record: 14 filed by the company and 12 filed against it. 5 are pending. Most are in the high courts.
Bhagwati Products was incorporated on 28 October 2002, making it 24+ years old. It is registered with the Registrar of Companies, Delhi.
Bhagwati Products has 7 deals on record (5 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in November 2021.
The peers of Bhagwati Products by revenue are Schneider Electric IT Business India Private Limited, Ismartu India Private Limited, Sunwoda Electronic India Private Limited, Flextronics Technologies (India) Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Sakshi Chhabra was appointed as Additional Director on 18 Sep 2025. Yash Bhatia ceased to be Director on 30 Mar 2025. Ravinder Kumar was appointed as CFO on 26 Sep 2024. Bhagwati Products has 23 board changes on record in total.
Bhagwati Products can be reached through the website bhagwatiproductsltd.com. Its registered office is in New Delhi, Delhi, India.