MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0062889
Pace Electricals Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹125.41 Cr
▲ 43% YoY
Net profit · FY 2025
₹3.31 Cr
Net margin 2.6%
EBITDA · FY 2025
₹6.71 Cr
EBITDA margin 5.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹28 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
139
Provident fund records
About Pace Electricals Private Limited
Data last updated:
Pace Electricals Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 06 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31200KA2005PTC037152. Its GSTIN is 29AADCP8484F1ZY (Karnataka). The company holds 11 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Suma Harish and Anirudha Malavalli Harisha.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 64 Mes Road Off Jalahalli Camp Cross Yeshwantpur, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.41 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹3.31 Cr (net margin 2.6%) and EBITDA of ₹6.71 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
The company has about 139 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pace Group. As per MCA filings, the company has open charges of ₹28 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it.
Pace Electricals Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0062889). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pace-group.com.
Company details
CIN U31200KA2005PTC037152
Registration Number 037152
Incorporation Date 06 September 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0062889
Key People
Suma Harish Director Anirudha Malavalli Harisha Director Harish Jaganatharao Malvalli Director Recognitions & Rankings of Pace Electricals
Contact details
Pace Electricals Private Limited's registered office is in Bangalore, Karnataka. Its website is pace-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address64 Mes Road Off Jalahalli Camp Cross Yeshwantpur, Bangalore, Karnataka, India – 560022
- IndustryEnergy and Power, BoP & BTG Services, Power Equipment Manufacturers, Power EPC
To see the full contact details of Pace Electricals Private Limited, buy the company report.
Comprehensive company report
Pace Electricals 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
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Brands
Pace Electricals operates one associated brand: Pace Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pace Group is engaged in electrical engineering and contracting services. | pace-group.com |
Business activity
The main business activity of Pace Electricals 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 Pace Electricals Private Limited, buy the company report.
Financials of Pace Electricals Private Limited
FY 2025 filings availablePace Electricals Private Limited reported revenue of ₹125.41 Cr (up 43% YoY) for FY 2025.
Revenue · FY 2025
₹125.41 Cr ▲ 43%
Net profit · FY 2025
₹3.31 Cr margin 2.6%
EBITDA · FY 2025
₹6.71 Cr margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 15%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 28%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 43% growth in the latest year. EBITDA rose 70% 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 | ₹6.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.31 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 | 5.3% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Pace Electricals Private Limited, buy the company report.
Board of directors of Pace Electricals Private Limited
Pace Electricals has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suma Harish Also directs: Pace Switchgears Private Limited | Director | 06 Sep 2005 | 21 Years 2 Months | Current |
| Anirudha Malavalli Harisha | Director | 30 Sep 2023 | 3 Years 1 Months | Current |
| Harish Jaganatharao Malvalli Also directs: Skysand LLP, Pace Switchgears Private Limited | Director | 06 Sep 2005 | 21 Years 2 Months | Current |
Peer comparison
Pace Electricals Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, 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 |
|---|---|---|---|---|---|---|
| Maheshwari Electrical Manufacturers Private Limited | ₹126.82 Cr (FY 2025) | 2.0% | Delhi, India | |||
| De Voltrans Private Limited | ₹126.2 Cr (FY 2025) | 67.0% | Thane, Maharashtra, India | |||
| Pace Electricals Private Limitedthis company | ₹125.41 Cr (FY 2025) | ₹3.31 Cr | 2.6% | 43.0% | 139 | Bangalore, Karnataka, India |
| CSH Power Himoinsa Private Limited | ₹124.61 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Varada Energies Private Limited | ₹124.37 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Kamath Transformers Private Limited | ₹124.13 Cr (FY 2024) | 125.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Pace Electricals Private Limited, buy the company report.
Auditor
Pace Electricals Private Limited is audited by K M DIVAKAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M DIVAKAR | FY 2023 | 202452 |
Shareholding
The shareholding of Pace Electricals 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 Pace Electricals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2021 | 100426572 | Canara Bank | ₹50 Lakh | Open | |
| 04 Oct 2019 | 100300420 | Canara Bank | ₹10.81 Lakh | Open | |
| 01 Aug 2014 | 10520178 | Canara Bank | ₹15 Lakh | Open | |
| 09 Feb 2012 | 10340996 | Canara Bank | ₹1.8 Cr | Open | |
| 10 Oct 2011 | 10373090 | Canara Bank | ₹20 Lakh | Open |
To see the full charge records of Pace Electricals Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Pace Electricals Private Limited has 10 court cases on record: 4 filed by Pace Electricals, 6 filed against it. All cases are disposed.
Total cases
10
Filed by the company
4
Filed against the company
6
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 0 |
| NCLAT | 3 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Tesla Controls India Private Limited and 1 other | Disposed |
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by Kewaunee Labway India Private Limited | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Starmark Services Private Limited | Disposed |
| NCLAT, Court I | Tribunal matter | Filed against the company by Tesla Controls Private Limited | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Tesla Controls Private Limited | Disposed |
To see the full case history of Pace Electricals 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
No delayed payments to MSME suppliers are on our record for Pace Electricals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pace Electricals Private Limited has a workforce of 139 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
139
Active EPFO establishments
2
Employee growth
-10.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 139 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Pace Electricals Private Limited, buy the company report.
GST
Pace Electricals has 11 GST registrations: 8 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
8
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCP8484F1ZY | Karnataka | Active | 01 Jul 2017 |
| 29AADCP8484F2ZX | Karnataka | Active | 26 Mar 2025 |
| 07AADCP8484F1Z4 | Delhi | Active | 01 Jul 2017 |
| 33AADCP8484F1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pace Electricals Private Limited, buy the company report.
Recent activity
Pace Electricals Private Limited has 3 board changes on record since 2005: 3 appointments. The latest: Anirudha Malavalli Harisha was appointed as Director on 30 Sep 2023.
AGM
Pace Electricals Private Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records.
Filing
Pace Electricals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank of Rs. 25.12 Cr registered on 14 Aug 2007 with Charge ID 10067996 was modified on 07 Nov 2024.
Appointed
Anirudha Malavalli Harisha was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 0.50 Cr with Charge ID 100426572 was registered on 23 Feb 2021.
Charges
A charge with Canara Bank amounted to Rs. 0.11 Cr with Charge ID 100300420 was registered on 04 Oct 2019.
Charges
A charge with Canara Bank amounted to Rs. 0.15 Cr with Charge ID 10520178 was registered on 01 Aug 2014.
Charges
A charge with Canara Bank amounted to Rs. 1.80 Cr with Charge ID 10340996 was registered on 09 Feb 2012.
Charges
A charge with Canara Bank amounted to Rs. 0.20 Cr with Charge ID 10373090 was registered on 10 Oct 2011.
Charges
A charge with Canara Bank amounted to Rs. 0.12 Cr with Charge ID 10125364 was registered on 30 Aug 2008.
Charges
A charge with Canara Bank amounted to Rs. 25.12 Cr with Charge ID 10067996 was registered on 14 Aug 2007.
Appointed
Harish Jaganatharao Malvalli was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Pace Electricals is an active private limited company based in Bangalore, Karnataka, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 06 September 2005 (21+ years old) and is registered under CIN U31200KA2005PTC037152.
Pace Electricals has 3 current directors:
- Suma Harish - Director
- Anirudha Malavalli Harisha - Director
- Harish Jaganatharao Malvalli - Director
The latest financial statements of Pace Electricals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pace Electricals is 29AADCP8484F1ZY, registered in Karnataka. The company has 11 GST registrations in all, of which 8 are active and 3 are cancelled or inactive. Other active GSTINs include 29AADCP8484F2ZX (Karnataka), 07AADCP8484F1Z4 (Delhi), 33AADCP8484F1Z9 (Tamil Nadu).
The CIN (Corporate Identification Number) of Pace Electricals is U31200KA2005PTC037152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pace Electricals has 10 court cases on record: 4 filed by the company and 6 filed against it. Most are in the high courts.
Pace Electricals was incorporated on 06 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Pace Electricals by revenue are Maheshwari Electrical Manufacturers Private Limited, De Voltrans Private Limited, CSH Power Himoinsa Private Limited, Varada Energies Private Limited, Kamath Transformers Private Limited, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Anirudha Malavalli Harisha was appointed as Director on 30 Sep 2023. Harish Jaganatharao Malvalli was appointed as Director on 06 Sep 2005. Suma Harish was appointed as Director on 06 Sep 2005.
Yes, Pace Electricals is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0062889).
Pace Electricals can be reached through the website pace-group.com. Its registered office is in Bangalore, Karnataka, India.
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