MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-01-0007588
Formax Electronics Private Limited - information technology in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹114.59 Cr
▲ 10% YoY
Net profit · FY 2025
₹9.99 Cr
Net margin 8.7%
EBITDA · FY 2025
₹14.05 Cr
EBITDA margin 12.3%
Authorised capital
₹90 Lakh
Registered with MCA
Paid-up capital
₹80 Lakh
Issued & subscribed
Open charges
₹28.62 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Formax Electronics Private Limited
Data last updated:
Formax Electronics Private Limited is a private limited company based in Delhi, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 16 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31900DL2008PTC183280. Its GSTIN is 07AABCF2825J1ZQ (Delhi).
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹80 Lakh. It is led by directors Manjula Saini and Manoj Kumar Saini.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4736/1 – 5 First Floor Kothi No – 23 Ansari Road Darya Ganj Delh, I – 110002, Delhi, India – 110002.
As per the financials filed for FY 2025, the company reported a revenue of ₹114.59 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹9.99 Cr (net margin 8.7%) and EBITDA of ₹14.05 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 42% over five years.
The company is associated with 1 brand: Formax Electronics. As per MCA filings, the company has open charges of ₹28.62 Cr on record. Court records list 25 cases involving the company, including 25 filed by the company; 15 cases are pending.
Formax Electronics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0007588). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website formaxindia.com.
Company details
CIN U31900DL2008PTC183280
Registration Number 183280
Incorporation Date 16 September 2008
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-01-0007588
Key People
Manjula Saini Director Manoj Kumar Saini Director Recognitions & Rankings of Formax Electronics
Contact details
Formax Electronics Private Limited's registered office is in Delhi, Delhi. Its website is formaxindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4736/1 – 5 First Floor Kothi No – 23 Ansari Road Darya Ganj Delh, I – 110002, Delhi, India – 110002
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Formax Electronics Private Limited, buy the company report.
Comprehensive company report
Formax Electronics Private Limited - 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
Formax Electronics operates one associated brand: Formax Electronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronics component distribution and manufacturing services in India. | formaxindia.com |
Business activity
The main business activity of Formax Electronics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Formax Electronics Private Limited, buy the company report.
Financials of Formax Electronics Private Limited
FY 2024 filings availableFormax Electronics Private Limited reported revenue of ₹114.59 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹114.59 Cr ▲ 10%
Net profit · FY 2025
₹9.99 Cr margin 8.7%
EBITDA · FY 2025
₹14.05 Cr margin 12.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 28%
5 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 40%
5 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 10% growth in the latest year. EBITDA fell 8% 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 |
|---|---|---|---|---|---|
| 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 | ₹14.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.99 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 8.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Formax Electronics Private Limited, buy the company report.
Board of directors of Formax Electronics Private Limited
Formax Electronics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjula Saini | Director | 16 Sep 2008 | 18 Years 1 Months | Current |
| Manoj Kumar Saini | Director | 16 Sep 2008 | 18 Years 1 Months | Current |
Peer comparison
Formax Electronics Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avook Global Private Limited | ₹116.64 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| Guru Computers Private Limited | ₹115.33 Cr (FY 2025) | 6.0% | Chennai, Tamil Nadu, India | |||
| Formax Electronics Private Limitedthis company | ₹114.59 Cr (FY 2025) | ₹9.99 Cr | 8.7% | 10.0% | Delhi, India | |
| Concept Channel Suppliers Private Limited | ₹113.81 Cr (FY 2016) | 88.0% | Chennai, Tamil Nadu, India | |||
| Taj Computer Solutions Private Limited | ₹112.4 Cr (FY 2025) | -28.0% | New Delhi, Delhi, India |
To see the full peer comparison of Formax Electronics Private Limited, buy the company report.
Auditor
Formax Electronics Private Limited is audited by Payal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Payal & Associates | FY 2023 | 010692C |
Shareholding
The shareholding of Formax Electronics Private 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 Formax Electronics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28.62 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2023 | 100751576 | Others | ₹62 Lakh | Open | |
| 26 Nov 2021 | 100510450 | Others | ₹28 Cr | Open |
To see the full charge records of Formax Electronics Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Formax Electronics Private Limited has 25 court cases on record: 25 filed by Formax Electronics. 15 cases are pending and 10 are disposed.
Total cases
25
Filed by the company
25
Pending
15
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 0 | 15 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against Ost Labz Private Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against M/S Bright Westech Solution Pvt Ltd | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against M/S Victoria Lighting Pvt Ltd and Ors | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against M/S Naskon Soft Solutions Pvt. Ltd. and 3 others | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against M/S Esquare Engineering Services LLP | Pending |
To see the full case history of Formax Electronics Private 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.
MSME payment delays
Formax Electronics Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kendeil Indfarad Electronics Private Limited | |||
| Nandani Electronics Corporation | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Formax Electronics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Formax Electronics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCF2825J1ZQ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Formax Electronics Private Limited, buy the company report.
Recent activity
Formax Electronics Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Vijay Saini ceased to be Director on 20 Sep 2019.
Charges
A charge with Others of Rs. 2,800.00 Lakh registered on 26 Nov 2021 with Charge ID 100510450 was modified on 19 Sep 2025.
AGM
Formax Electronics Private Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
Filing
Formax Electronics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 62.00 Lakh with Charge ID 100751576 was registered on 31 May 2023.
Charges
A charge with Others amounted to Rs. 2,800.00 Lakh with Charge ID 100510450 was registered on 26 Nov 2021.
Ceased
Vijay Saini ceased to be Director.
Appointed
Manjula Saini was appointed as Director.
Appointed
Manoj Kumar Saini was appointed as Director.
Incorporation
16 Sep 2008
Formax Electronics Private Limited was registered on 16 Sep 2008 with Roc Delhi & aged 18 years 1 month as per MCA records.
Frequently asked questions
Formax Electronics is an active private limited company based in Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 16 September 2008 (18+ years old) and is registered under CIN U31900DL2008PTC183280.
Formax Electronics has 2 current directors:
- Manjula Saini - Director
- Manoj Kumar Saini - Director
The latest financial statements of Formax Electronics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Formax Electronics is 07AABCF2825J1ZQ, registered in Delhi.
The CIN (Corporate Identification Number) of Formax Electronics is U31900DL2008PTC183280. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formax Electronics has 25 court cases on record: 25 filed by the company. 15 are pending.
Formax Electronics was incorporated on 16 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Formax Electronics by revenue are Avook Global Private Limited, Guru Computers Private Limited, Concept Channel Suppliers Private Limited, Taj Computer Solutions Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Vijay Saini ceased to be Director on 20 Sep 2019. Manjula Saini was appointed as Director on 16 Sep 2008. Manoj Kumar Saini was appointed as Director on 16 Sep 2008.
Yes, Formax Electronics is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-01-0007588).
Formax Electronics has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Formax Electronics can be reached through the website formaxindia.com. Its registered office is in Delhi, India.