About Panasonic India Private Limited
Data last updated:
Panasonic India Private Limited was a private limited company based in Gurgaon, Haryana, India, operated as a subsidiary of Panasonic Asia Pacific Pte. Ltd.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 July 2006.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51395HR2006PTC064080. Its GSTIN is 06AADCP9391B1CP (Haryana). The company held 32 GST registrations, of which 10 are active.
The company had an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,830.49 Cr. It was formerly known as Panasonic Sales and Services India Private Limited. It was led by directors including Adarsh Mishra and Toru Shinohara.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 12th Floor Ambience Tower Ambience Island NH – 8, Gurgaon, Haryana, India – 122002.
As per the financials filed for FY 2021, the company reported a revenue of ₹3,526.75 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹195.38 Cr (net margin -5.5%) and EBITDA of -₹41.47 Cr (EBITDA margin -1.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company had about 1,379 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹50 Cr on record. Court records list 451 cases involving the company, including 366 filed by the company and 85 filed against it; 62 cases are pending.
The last known website on record is panasonic.com.
CIN History
Panasonic India has one previous CIN (Corporate Identification Number): U51395TN2006PTC060554. The current CIN is U51395HR2006PTC064080, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51395HR2006PTC064080 | Current |
| U51395TN2006PTC060554 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address12th Floor Ambience Tower Ambience Island NH – 8, Gurgaon, Haryana, India – 122002
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Panasonic India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Panasonic India Private Limited
FY 2021 filings availablePanasonic India Private Limited reported revenue of ₹3,526.75 Cr (down 19% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 19% fall in the latest year. EBITDA rose 88% 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹3,526.75 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹41.47 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹195.38 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -1.2% | |
| Net Profit Margin | -5.5% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2016-17 to FY 2019-20, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Panasonic India are in the company report.
: available in the company report
Board of Directors of Panasonic India Private Limited
Panasonic India has 6 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adarsh Mishra | Director | 01 Oct 2021 | 5 Years 0 Months | As last reported |
| Toru Shinohara | Director | 11 Sep 2018 | 8 Years 1 Months | As last reported |
| Kazuki Yao | Director | 01 Oct 2021 | 5 Years 0 Months | As last reported |
| Hisao Yamane | Director | 01 Oct 2021 | 5 Years 0 Months | As last reported |
| Yash Ahuja Also directs: Nerofix Private Limited | Director | 01 Oct 2021 | 5 Years 0 Months | As last reported |
| Manish Sharma | Director | 01 Apr 2013 | 13 Years 6 Months | As last reported |
Auditor Details
Panasonic India Private Limited is audited by S.R. Dinodia & Co. LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Dinodia & Co. LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Dec 2006 | Standard Chartered Bank | ₹50 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases
Panasonic India Private Limited has 451 court cases on record: 366 filed by Panasonic India, 85 filed against it. 62 cases are pending and 389 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 313 | 42 | 49 |
| High courts | 132 | 41 | 13 |
| Supreme Court | 3 | 2 | 0 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 451)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rohtak, Haryana | Commercial suit | Filed against the company by HDFC Bank Ltd. | Pending |
| District court, Chennai, Tamil Nadu | Appeal | Filed against the company by Ms Pratyankara Electronics Private Limited Rep by Its Managing Director Mr A Mahesh Raju | Disposed |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed against the company by M/S.Pratyankara Electronics Private Limited and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Ms Pratyankara Electronics Private Limited Rep by Its Managing Director Mr A Mahesh Raju and 1 other | Disposed |
| District court, Rohtak, Haryana | Execution petition | Filed against the company by HDFC Bank Ltd | Disposed |
: available in 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
Panasonic India Private Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 252 overdue payments to 58 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 58)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Speed Air Logistic Private Limited | •••• | •••• | •••• |
| Four Nine Media Private Limited | •••• | •••• | •••• |
| Complinity Technologies Private Limited | •••• | •••• | •••• |
| Beijer Ref India Private Limited | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Panasonic India Private Limited has a workforce of 1,379 employees as of Apr 09, 2024.
: available in the company report
Recent Activity
Panasonic India Private Limited has 42 board changes on record since 2007: 6 appointments and 36 cessations. The latest: Adarsh Mishra ceased to be Additional Director on 29 Nov 2021.
36 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Panasonic India has 32 GST registrations: 10 active and 22 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCP9391B1CP | Haryana | Active | 18 Sep 2019 |
| 04AADCP9391B1ZI | Chandigarh | Active | 01 Jul 2017 |
| 22AADCP9391B1ZK | Chhattisgarh | Active | 01 Jul 2017 |
| 01AADCP9391B1ZO | Jammu and Kashmir | Active | 08 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Panasonic India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Panasonic India was a private limited company based in Gurgaon, Haryana, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 July 2006 and is registered under CIN U51395HR2006PTC064080. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Panasonic India was incorporated on 14 July 2006. It is registered with the Registrar of Companies, Delhi.
Panasonic India had 6 directors:
- Adarsh Mishra - Director
- Toru Shinohara - Director
- Kazuki Yao - Director
- Hisao Yamane - Director
- Yash Ahuja - Director
- Manish Sharma - Director
The CIN (Corporate Identification Number) of Panasonic India is U51395HR2006PTC064080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Panasonic India is at 12th Floor Ambience Tower Ambience Island NH – 8, Gurgaon, Haryana, India – 122002.
Panasonic India can be reached through the website panasonic.com. Its registered office is in Gurgaon, Haryana, India.
The latest financial statements of Panasonic India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Panasonic India is 06AADCP9391B1CP, registered in Haryana. The company has 32 GST registrations in all, of which 10 are active and 22 are cancelled or inactive. Other active GSTINs include 04AADCP9391B1ZI (Chandigarh), 22AADCP9391B1ZK (Chhattisgarh), 01AADCP9391B1ZO (Jammu and Kashmir).
Panasonic India operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
Panasonic India has 8 MSME Form 1 returns on record between 2019 and 2022, listing 252 overdue payments to 58 micro and small suppliers. The latest return was filed on 26 Apr 2022.