About Khaitan Electricals Limited
Data last updated:
Khaitan Electricals Limited is a public limited company based in Ida Bollaram, Telangana, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 27 October 1975.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L31909TG1975PLC001949. The company has 10 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 24 Feb 2021 · winding up and from BSE on 10 Jun 2021 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹27.5 Cr and a paid-up capital of ₹11.5 Cr. It is led by directors including Sunil Krishna Khaitan (Managing Director) and Gairik Banerjee.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ida Bollaram, Telangana.
As per the financials filed for FY 2018, the company reported a revenue of ₹43.97 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹45.8 Cr (net margin -104.2%) and EBITDA of -₹30.73 Cr (EBITDA margin -69.9%).
The company has about 53 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹585.96 Cr and satisfied charges of ₹243.12 Cr on record. Court records list 464 cases involving the company, including 383 filed by the company and 81 filed against it; 210 cases are pending.
The last known website on record is khaitan.com.
Company details
Contact details
Khaitan Electricals Limited's registered office is in Ida Bollaram, Telangana. Its website is khaitan.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address129 Sri Venkateshwara Cooperative Industrial, Estate, Ida Bollaram, Telangana, India – 502325
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Khaitan Electricals 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
Financials of Khaitan Electricals Limited
FY 2018 filings availableKhaitan Electricals Limited reported revenue of ₹43.97 Cr (down 47% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 47% in the latest year. EBITDA rose 87% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹43.97 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹30.73 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹45.8 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -69.9% | |||
| Net Profit Margin | -104.2% | |||
| 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 | ||||
To see the full financial statements and ratios of Khaitan Electricals Limited, buy the company report.
Board of directors of Khaitan Electricals Limited
Khaitan Electricals has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gairik Banerjee Also directs: Abc Metallurgicals Pvt.Ltd., Abcmco Private Limited | Director | 09 Jun 2017 | 9 Years 4 Months | As last reported |
| Sujata Chatterjee Also directs: Revati Commercial Limited, Finshore Commodities Private Limited | Director | 25 Apr 2018 | 8 Years 5 Months | As last reported |
| Sunil Krishna Khaitan | Managing Director | 17 Jan 1979 | 47 Years 9 Months | As last reported |
Peer comparison
Khaitan Electricals Limited is compared with the 10 companies closest to it by revenue in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Pumps), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CPL Electricals (India) Private Limited | ₹44.26 Cr (FY 2025) | -13.0% | Mumbai, Maharashtra, India | |||
| Audo Viso Private Limited | ₹44.22 Cr (FY 2025) | 220.0% | New Delhi, Delhi, India | |||
| Ikio Solutions Private Limited | ₹44.2 Cr (FY 2025) | 14438.0% | Noida, Uttar Pradesh, India | |||
| Mahavir Pumps Manufacturing Pvt. Ltd. | ₹44.16 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Airtec Electrovision Private Limited | ₹44.01 Cr (FY 2024) | -17.0% | New Delhi, Delhi, India | |||
| Khaitan Electricals Limitedthis company | ₹43.97 Cr (FY 2018) | -₹45.8 Cr | -104.2% | -47.0% | 53 | Ida Bollaram, Telangana, India |
| Marvel Electric Equipments Private Limited | ₹43.87 Cr (FY 2024) | 42.0% | Mumbai, Maharashtra, India | |||
| Paffy Industries Private Limited | ₹43.74 Cr (FY 2024) | 304.0% | Gurgaon, Haryana, India | |||
| Imr Electricals Private Limited | ₹43.34 Cr (FY 2025) | -11.0% | Delhi, India | |||
| Vyom Tele Infrastructure Private Limited | ₹43.33 Cr (FY 2021) | -10.0% | Pune, Maharashtra, India | |||
| Gladwin Techgen Private Limited | ₹43.25 Cr (FY 2025) | -41.0% | Delhi, India |
To see the full peer comparison of Khaitan Electricals Limited, buy the company report.
Auditor
Khaitan Electricals Limited is audited by BIDASARIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BIDASARIA & ASSOCIATES | FY 2018 | 315101E |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2015 | 10560212 | State Bank of Travancore | ₹12.5 Cr | Open | |
| 31 Dec 2014 | 10545768 | Idbi Bank Limited | ₹61.58 Cr | Open | |
| 30 Dec 2014 | 10542486 | Indian Bank | ₹76.09 Cr | Open | |
| 23 Dec 2011 | 10329546 | State Bank of Travancore | ₹259.74 Cr | Open | |
| 15 Dec 2010 | 10259279 | Allahabad Bank | ₹61.73 Cr | Open |
To see the full charge records of Khaitan Electricals Limited, buy the company report.
Total charge records: 39 View all charges
Legal cases
Khaitan Electricals Limited has 464 court cases on record: 383 filed by Khaitan Electricals, 81 filed against it. 210 cases are pending and 254 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 408 | 64 | 206 |
| High courts | 49 | 11 | 4 |
| Supreme Court | 6 | 5 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 464)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Civil suit | Filed against the company by M/S Best Barcode System Pvt Ltd | Pending |
| District court, Medak, Telangana | Civil suit | Filed against the company by M/S Sys Investments and Reality Private Limited | Pending |
| District court, Medak, Telangana | Civil suit | Filed against the company by M/S Matrix Seafoods India Ltd.,(V.Mrudula) | Pending |
| District court, Medak, Telangana | Civil suit | Filed against the company by M/S Om Xpress Print Pack Pvt., Ltd., | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Followel Engineering Limited | Pending |
To see the full case history of Khaitan Electricals 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
No delayed payments to MSME suppliers are on our record for Khaitan Electricals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Khaitan Electricals Limited has a workforce of 53 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Khaitan Electricals has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Khaitan Electricals Limited, buy the company report.
Recent activity
Khaitan Electricals Limited has 41 board changes on record since 1975: 22 appointments and 19 cessations. The latest: Swapan Kumar Das ceased to be CFO on 27 Mar 2019.
103 earlier events are in the company report.
News
Frequently asked questions
Khaitan Electricals is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Khaitan Electricals is a company under liquidation, formerly operating as a public limited company based in Ida Bollaram, Telangana, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 27 October 1975 and is registered under CIN L31909TG1975PLC001949. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Khaitan Electricals has 3 current directors:
- Sunil Krishna Khaitan - Managing Director
- Gairik Banerjee - Director
- Sujata Chatterjee - Director
The latest financial statements of Khaitan Electricals on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Khaitan Electricals is L31909TG1975PLC001949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Khaitan Electricals is recorded as a listed company by MCA, but its shares were delisted from NSE on 24 Feb 2021 · winding up and from BSE on 10 Jun 2021 · compulsory delisting, and no longer trade on a stock exchange.
Khaitan Electricals has open charges of ₹585.96 Cr and satisfied charges of ₹243.12 Cr as per latest MCA filings.
Khaitan Electricals has 464 court cases on record: 383 filed by the company and 81 filed against it. 210 are pending. Most are in the district courts.
Khaitan Electricals was incorporated on 27 October 1975. It is registered with the Registrar of Companies, Hyderabad.
The peers of Khaitan Electricals by revenue are CPL Electricals (India) Private Limited, Audo Viso Private Limited, Ikio Solutions Private Limited, Mahavir Pumps Manufacturing Pvt. Ltd, Airtec Electrovision Private Limited and 5 more, all in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Pumps).
Swapan Kumar Das ceased to be CFO on 27 Mar 2019. Ashok Kumar Mishra ceased to be Company Secretary on 23 Jul 2018. Sujata Chatterjee was appointed as Director on 25 Apr 2018. Khaitan Electricals has 41 board changes on record in total.