Iwai Electronics Pvt Ltd

Iwai Electronics Pvt Ltd - consumer electronics & durables in Thane, Maharashtra, India. FY 2026 financials & compliance.
CIN U32100MH1986PTC041008 Incorporated 23 September 1986 ROC Mumbai HQ Thane, Maharashtra, India
Active Private Limited Company consumer electronics and durables MSME · Small
Data last updated
Revenue · FY 2023
₹23.87 Cr
▲ 21% YoY
Net profit · FY 2023
₹2.28 Cr
Net margin 9.6%
EBITDA · FY 2023
₹3.32 Cr
EBITDA margin 13.9%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹4.07 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
52
Provident fund records

About Iwai Electronics Pvt Ltd

Data last updated:

Iwai Electronics Pvt Ltd is a private limited company based in Thane, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 23 September 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32100MH1986PTC041008. Its GSTIN is 27AAACI0354A1Z9 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Kumar Velayutham (Whole-Time Director) and Kaval Gulu Mirchandani.

Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sheetal Industrial Estate No. 4 Vasai – Navghar Road Vasai (E), Thane, Maharashtra, India – 401202.

As per the financials filed for FY 2023, the company reported a revenue of ₹23.87 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Cr (net margin 9.6%) and EBITDA of ₹3.32 Cr (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 17% over five years.

The company has about 52 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Iwai. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹4.07 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 2 cases are pending.

Iwai Electronics Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0005005). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iwaispeakers.com.

Company details

CIN U32100MH1986PTC041008
Registration Number 041008
Incorporation Date 23 September 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-17-0005005
Key People
Kumar Velayutham Whole-Time Director Kaval Gulu Mirchandani Director

Recognitions & Rankings of Iwai Electronics

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-17-0005005

Contact details

Iwai Electronics Pvt Ltd's registered office is in Thane, Maharashtra. Its website is iwaispeakers.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    iwaispeakers.com
  • Registered Address
    Sheetal Industrial Estate No. 4 Vasai – Navghar Road Vasai (E), Thane, Maharashtra, India – 401202
  • Industry
    Consumer Electronics & Durables, Electronics Manufacturing

To see the full contact details of Iwai Electronics Pvt Ltd, buy the company report.

Comprehensive company report
Iwai Electronics 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
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Brands

Iwai Electronics operates one associated brand: Iwai. Each brand links to its own profile.

BrandDescriptionWebsite
Iwai
Production of audio drivers and systems for global markets.iwaispeakers.com

Financials of Iwai Electronics Pvt Ltd

FY 2025 filings available

Iwai Electronics Pvt Ltd reported revenue of ₹23.87 Cr (up 21% YoY) for FY 2023.

Revenue · FY 2023
₹23.87 Cr ▲ 21%
Net profit · FY 2023
₹2.28 Cr margin 9.6%
EBITDA · FY 2023
₹3.32 Cr margin 13.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 20%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 118%
3 years · compounded
▲ 40%
5 years · compounded
▲ 36%

Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 21% growth in the latest year. EBITDA rose 118% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹23.87 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹3.32 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.28 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin13.9%
Net Profit Margin9.6%
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

To see the full financial statements and ratios of Iwai Electronics Pvt Ltd, buy the company report.

Board of directors of Iwai Electronics Pvt Ltd

Iwai Electronics has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kumar VelayuthamWhole-Time Director03 Sep 201313 Years 2 MonthsCurrent
Kaval Gulu Mirchandani
Also directs: Olmo Enterprises LLP, Onida Electronics Limited, MSL Driveline Systems Limited and 3 more
Director30 Mar 20179 Years 7 MonthsCurrent
View all directors

Auditor

Iwai Electronics Pvt Ltd is audited by C.B. Pokle & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
C.B. Pokle & Co.FY 2023107954W

Shareholding

The shareholding of Iwai Electronics 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Iwai Electronics Pvt Ltd, buy the company report.

Charges & borrowings

Open charges
₹10 Cr
Satisfied charges
₹4.07 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹5.50 Cr
Others₹4.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Apr 2022100564328Others₹4.5 CrOpen
27 Aug 200710069217Hdfc Bank Limited₹5.5 CrOpen
26 Sep 201310455586Others₹3.68 CrSatisfied
12 Apr 198890214339State Bank of India₹39 LakhSatisfied

To see the full charge records of Iwai Electronics Pvt Ltd, buy the company report.

Total charge records: 4 View all charges

MSME payment delays

Iwai Electronics Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 12 overdue payments to 12 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 12)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Vidyut Teletronics Limited
an individual supplier

To see the full MSME payment records of Iwai Electronics Pvt Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Iwai Electronics Pvt Ltd has a workforce of 52 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
52
Active EPFO establishments
1
Employee growth
-3.7%

GST

Iwai Electronics has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACI0354A1Z9MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Iwai Electronics Pvt Ltd, buy the company report.

Recent activity

Iwai Electronics Pvt Ltd has 8 board changes on record since 1987: 5 appointments and 3 cessations. The latest: Gita Gulu Mirchandani ceased to be Director on 30 Mar 2017.

AGM
Iwai Electronics Pvt Ltd last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Filing
Iwai Electronics Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Others of Rs. 450.00 Lakh registered on 06 Apr 2022 with Charge ID 100564328 was modified on 24 Jun 2022.
Charges
A charge registered on 26 Sep 2013 via Charge ID 10455586 with Others was fully satisfied on 07 Jun 2022.
Charges
A charge with Others amounted to Rs. 450.00 Lakh with Charge ID 100564328 was registered on 06 Apr 2022.
Charges
A charge with Others of Rs. 368.00 Lakh registered on 26 Sep 2013 with Charge ID 10455586 was modified on 09 Jul 2020.
Ceased
Gita Gulu Mirchandani ceased to be Director.
Appointed
Kaval Gulu Mirchandani was appointed as Director.
Ceased
Marissa Vijay Mansukhani ceased to be Director.
Charges
A charge with Others amounted to Rs. 368.00 Lakh with Charge ID 10455586 was registered on 26 Sep 2013.
Appointed
Kumar Velayutham was appointed as Whole-Time Director.
Ceased
Sunil Sital Kishinchandani ceased to be Additional Director.

9 earlier events are in the company report.

Frequently asked questions

Iwai Electronics is an active private limited company based in Thane, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 23 September 1986 (40+ years old) and is registered under CIN U32100MH1986PTC041008.

Iwai Electronics has 2 current directors:

The latest financial statements of Iwai Electronics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Iwai Electronics is 27AAACI0354A1Z9, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Iwai Electronics is U32100MH1986PTC041008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Iwai Electronics has 9 court cases on record: 5 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.

Iwai Electronics was incorporated on 23 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.

Gita Gulu Mirchandani ceased to be Director on 30 Mar 2017. Kaval Gulu Mirchandani was appointed as Director on 30 Mar 2017. Marissa Vijay Mansukhani ceased to be Director on 02 Dec 2016. Iwai Electronics has 8 board changes on record in total.

Yes, Iwai Electronics is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0005005).

Iwai Electronics has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 12 overdue payments to 12 micro and small suppliers. The latest return was filed on 13 May 2021.

Iwai Electronics can be reached through the website iwaispeakers.com. Its registered office is in Thane, Maharashtra, India.