About Maktel Power Limited
Data last updated:
Maktel Power Limited is a public limited company based in Vadodara, Gujarat, 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 07 October 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31900GJ2009PLC058249. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.48 Cr. It was formerly known as Danke Control Limited and Danke Control Private Limited. It is led by directors including Manoj Narendrakumar Patel and Narendrakumar Manilal Patel.
Its last annual general meeting (AGM) was held on 11 December 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Plot No. 659 GIDC Estate Waghodia Dist. Vadodara, Gujarat, India – 391760.
As per the financials filed for FY 2017, the company reported a revenue of ₹40.77 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹10.3 Cr (net margin -25.3%) and EBITDA of -₹7.15 Cr (EBITDA margin -17.5%).
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹95.5 Cr and satisfied charges of ₹24.5 Cr on record. Court records list 21 cases involving the company, including 11 filed by the company and 10 filed against it; 6 cases are pending. The company has 2 deals on record (2 acquisitions); the latest was in December 2015. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 2 smaller; the largest is B and H Electrodes Private Limited with revenue of ₹40.94 Cr.
The last known website on record is maktelpower.com.
Company details
Name history
Maktel Power has undergone 2 name changes throughout its history. The company was previously known as Danke Control Limited, and Danke Control Private Limited. The current legal name is Maktel Power Limited.
| Company Name | Status |
|---|---|
| Maktel Power Limited | Current |
| Danke Control Limited | Previous |
| Danke Control Private Limited | Previous |
CIN history
Maktel Power has one previous CIN (Corporate Identification Number): U31900GJ2009PTC058249. The current CIN is U31900GJ2009PLC058249, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31900GJ2009PLC058249 | Current |
| U31900GJ2009PTC058249 | Previous |
Contact details
Maktel Power Limited's registered office is in Vadodara, Gujarat. Its website is maktelpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 659 GIDC Estate Waghodia Dist. Vadodara, Gujarat, India – 391760
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Maktel Power 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
Business activity
The main business activity of Maktel Power 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 Maktel Power Limited, buy the company report.
Financials of Maktel Power Limited
FY 2017 filings availableMaktel Power Limited reported revenue of ₹40.77 Cr (up 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA fell 544% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹40.77 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹7.15 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹10.3 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -17.5% | ||
| Net Profit Margin | -25.3% | ||
| 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 Maktel Power Limited, buy the company report.
Board of directors of Maktel Power Limited
Maktel Power has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Narendrakumar Patel | Director | 07 Oct 2009 | 17 Years 0 Months | As last reported |
| Narendrakumar Manilal Patel | Director | 09 May 2016 | 10 Years 5 Months | As last reported |
| Sumit Suresh Bhatnagar Also directs: Diamond Infosystems Limited, Diamond Power Transmission Private Limited, Diamond Projects Limited and 1 more | Director | 07 Apr 2012 | 14 Years 6 Months | As last reported |
| Amit Suresh Bhatnagar Also directs: Diamond Infosystems Limited, Diamond Power Transmission Private Limited, Diamond Projects Limited and 1 more | Director | 07 Apr 2012 | 14 Years 6 Months | As last reported |
Peer comparison
Maktel Power Limited is compared with the 6 companies closest to it by revenue in the Power industry (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 |
|---|---|---|---|---|---|---|
| B and H Electrodes Private Limited | ₹40.94 Cr (FY 2025) | -2.0% | Chandigarh, India | |||
| Ksquare Energy Private Limited | ₹40.86 Cr (FY 2024) | 16.0% | Ahmedabad, Gujarat, India | |||
| Lumens Aircon Private Limited | ₹40.82 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India | |||
| Gujarat Transformers Pvt Ltd | ₹40.8 Cr (FY 2025) | 50.0% | Vadodara, Gujarat, India | |||
| Maktel Power Limitedthis company | ₹40.77 Cr (FY 2017) | -₹10.3 Cr | -25.3% | 5.0% | 16 | Vadodara, Gujarat, India |
| Motif Electric Limited | ₹40.65 Cr (FY 2025) | 24.0% | Delhi, India | |||
| Engineered Customised Control Panel Solutions and Systems Private Limited | ₹40.55 Cr (FY 2025) | 16.0% | Nelamangala, Karnataka, India |
To see the full peer comparison of Maktel Power Limited, buy the company report.
Auditor
Maktel Power Limited is audited by MJM PATEL & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MJM PATEL & CO. | FY 2017 | 11246W |
Shareholding
The shareholding of Maktel Power Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Maktel Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2013 | 10450686 | Allahabad Bank | ₹27 Cr | Open | |
| 01 Aug 2013 | 10450684 | Allahabad Bank | ₹27 Cr | Open | |
| 19 Dec 2011 | 10326377 | Allahabad Bank | ₹16.5 Cr | Open | |
| 20 Jan 2011 | 10264967 | Allahabad Bank | ₹16.5 Cr | Open | |
| 07 Oct 2009 | 10190929 | Allahabad Bank | ₹8.5 Cr | Open |
To see the full charge records of Maktel Power Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Maktel Power Limited has 2 deals on record (2 acquisitions); the latest was in December 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Acquisition | Undisclosed | Seller: Diamond Power Infrastructure Limited |
| Jul 2012 | Acquisition | ₹5.02 Cr | Buyer: Diamond Power Infrastructure Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maktel Power Limited has 21 court cases on record: 11 filed by Maktel Power, 10 filed against it. 6 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 9 | 3 |
| NCLT | 8 | 1 | 3 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed by the company against Ip Tutorials LLP and 1 other | Disposed |
| District court, East, Delhi | Civil suit | Filed by the company against M/S Spark Utility Services Pvt Ltd | Disposed |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against M/S Spark Utility Services Pvt Ltd | Disposed |
| District court, East, Delhi | Civil suit | Filed against the company by Spark Utility Services Pvt. Ltd. Through Ar | Disposed |
| District court, Vadodara, Gujarat | Court case (SPCS) | Filed against the company by Aditya Birla Insulatiors A Unit of Aditya Birla Nuvo Limited | Disposed |
To see the full case history of Maktel Power 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
Maktel Power Limited was last rated by Indiarating on 21 Dec 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 21 Dec 2017 |
To see the full credit ratings and regulatory alerts of Maktel Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maktel Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Maktel Power has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Employees & EPFO
Maktel Power Limited has a workforce of 16 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Maktel Power has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Maktel Power Limited, buy the company report.
Recent activity
Maktel Power Limited has 10 board changes on record since 2009: 4 appointments and 6 cessations. The latest: Manoj Narendrakumar Patel ceased to be Managing Director on 20 Mar 2018.
10 earlier events are in the company report.
Frequently asked questions
Maktel Power 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.
Maktel Power is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 07 October 2009 and is registered under CIN U31900GJ2009PLC058249. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maktel Power has 4 current directors:
- Manoj Narendrakumar Patel - Director
- Narendrakumar Manilal Patel - Director
- Sumit Suresh Bhatnagar - Director
- Amit Suresh Bhatnagar - Director
The latest financial statements of Maktel Power on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 11 December 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Maktel Power is U31900GJ2009PLC058249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maktel Power has open charges of ₹95.5 Cr and satisfied charges of ₹24.5 Cr as per latest MCA filings.
Maktel Power has 21 court cases on record: 11 filed by the company and 10 filed against it. 6 are pending. Most are in the district courts.
Maktel Power was incorporated on 07 October 2009. It is registered with the Registrar of Companies, Ahmedabad.
Maktel Power has 2 deals on record (2 acquisitions); the latest was in December 2015.
The peers of Maktel Power by revenue are B and H Electrodes Private Limited, Ksquare Energy Private Limited, Lumens Aircon Private Limited, Gujarat Transformers Pvt Ltd, Motif Electric Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Manoj Narendrakumar Patel ceased to be Managing Director on 20 Mar 2018. Narendrakumar Manilal Patel was appointed as Director on 09 May 2016. Yashwantrao Shreeram Shingne ceased to be Director on 09 May 2016. Maktel Power has 10 board changes on record in total.