MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0040141
Thakor Electronics Limited - information technology in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.94 Cr
▼ 12% YoY
Net profit · FY 2025
₹3.3 Cr
Net margin 13.2%
EBITDA · FY 2025
₹4.94 Cr
EBITDA margin 19.8%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹5.5 Cr
Satisfied ₹40.47 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
20
Provident fund records
About Thakor Electronics Limited
Data last updated:
Thakor Electronics Limited is a public limited company based in Thane, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 16 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32103MH2001PLC244885. Its GSTIN is 27AABCT4323M1Z7 (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Dimpal Dilip Shah (Managing Director) and Rupal Sachin Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gala No.P1 & P2 Rajlaxmi Hitech Textile Park Sonale Village Tal: Bhiwandi, Thane, Maharashtra, India – 421302.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.94 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.3 Cr (net margin 13.2%) and EBITDA of ₹4.94 Cr (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹40.47 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it.
Thakor Electronics Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0040141). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thakorelectronics.com.
Company details
CIN U32103MH2001PLC244885
Registration Number 244885
Incorporation Date 16 October 2001
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0040141
CIN history
Thakor Electronics has one previous CIN (Corporate Identification Number): U32103PN2001PLC016501. The current CIN is U32103MH2001PLC244885, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32103MH2001PLC244885 | Current |
| U32103PN2001PLC016501 | Previous |
Key People
Dimpal Dilip Shah Managing Director Rupal Sachin Shah Whole-Time Director Saryu Dilip Shah Whole-Time Director Recognitions & Rankings of Thakor Electronics
Contact details
Thakor Electronics Limited's registered office is in Thane, Maharashtra. Its website is thakorelectronics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGala No.P1 & P2 Rajlaxmi Hitech Textile Park Sonale Village Tal: Bhiwandi, Thane, Maharashtra, India – 421302
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Thakor Electronics Limited, buy the company report.
Comprehensive company report
Thakor Electronics 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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Business activity
The main business activity of Thakor Electronics is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Thakor Electronics Limited, buy the company report.
Financials of Thakor Electronics Limited
FY 2025 filings availableThakor Electronics Limited reported revenue of ₹24.94 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹24.94 Cr ▼ 12%
Net profit · FY 2025
₹3.3 Cr margin 13.2%
EBITDA · FY 2025
₹4.94 Cr margin 19.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 4%
5 years · compounded
▲ 3%
EBITDA CAGR growth
3 years · compounded
▼ 7%
5 years · compounded
▲ 7%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. 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 | ₹4.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.3 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.8% | ||||
| Net Profit Margin | 13.2% | ||||
| 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 Thakor Electronics Limited, buy the company report.
Board of directors of Thakor Electronics Limited
Thakor Electronics has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rupal Sachin Shah | Whole-Time Director | 01 Jun 2002 | 24 Years 5 Months | Current |
| Saryu Dilip Shah | Whole-Time Director | 16 Oct 2001 | 25 Years 0 Months | Current |
| Sachin Dilipkumar Shah | Whole-Time Director | 10 Apr 2004 | 22 Years 6 Months | Current |
| Rupal Dimpal Shah | Whole-Time Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Dimpal Dilip Shah | Managing Director | 16 Oct 2001 | 25 Years 0 Months | Current |
| Dilip Mansukhlal Shah | Whole-Time Director | 16 Oct 2001 | 25 Years 0 Months | Current |
Peer comparison
Thakor Electronics Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Micrologix Embedded Controls Private Limited | ₹25.11 Cr (FY 2025) | 3.0% | Bangalore, Karnataka, India | |||
| Sunlux Technovations Private Limited | ₹24.97 Cr (FY 2024) | 117.0% | Bangalore, Karnataka, India | |||
| Thakor Electronics Limitedthis company | ₹24.94 Cr (FY 2025) | ₹3.3 Cr | 13.2% | -12.0% | 20 | Thane, Maharashtra, India |
| Tvadartham Technologies Private Limited | ₹24.86 Cr (FY 2025) | 288.0% | Gandhinagar, Gujarat, India | |||
| Keetronics (India) Private Limited | ₹24.78 Cr (FY 2025) | -4.0% | Pune, Maharashtra, India |
To see the full peer comparison of Thakor Electronics Limited, buy the company report.
Auditor
Thakor Electronics Limited is audited by GAURANG VAIDH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURANG VAIDH & CO. | FY 2022 | 153628W |
Shareholding
The shareholding of Thakor Electronics 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 Thakor Electronics Limited, buy the company report.
Charges & borrowings
Open charges
₹5.5 Cr
Satisfied charges
₹40.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2023 | 100870389 | Bank of India | ₹5.5 Cr | Open | |
| 27 Oct 2016 | 100058067 | Yes Bank Limited | ₹8.5 Cr | Satisfied | |
| 21 Apr 2016 | 100037501 | Yes Bank Limited | ₹8.5 Cr | Satisfied | |
| 16 May 2014 | 10496646 | Bank of India | ₹12 Lakh | Satisfied | |
| 03 Sep 2012 | 10378022 | Bank of India | ₹6.5 Cr | Satisfied |
To see the full charge records of Thakor Electronics Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Thakor Electronics Limited has 7 court cases on record: 4 filed by Thakor Electronics, 3 filed against it. All cases are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms. Umiya Packers Pvt. Ltd. | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2, Thane | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-2,Thane | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against an individual | Disposed |
To see the full case history of Thakor Electronics 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
Thakor Electronics Limited has 4 MSME Form 1 returns on record between 2020 and 2023, listing 27 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MFR Electronic Components Private Limited | |||
| Kusum Enterprises Private Ltd | |||
| an individual supplier | |||
| Liteplus Packaging Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Thakor Electronics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Thakor Electronics Limited has a workforce of 20 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-4.76%
GST
Thakor Electronics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT4323M1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thakor Electronics Limited, buy the company report.
Recent activity
Thakor Electronics Limited has 12 board changes on record since 2001: 6 appointments and 6 cessations. The latest: Rupal Dimpal Shah ceased to be Director on 24 Mar 2015.
AGM
Thakor Electronics Limited last Annual general meeting of members was held on 13 Sep 2025 as per latest MCA records.
Filing
Thakor Electronics Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Bank Of India amounted to Rs. 5.50 Cr with Charge ID 100870389 was registered on 27 Dec 2023.
Charges
A charge registered on 27 Oct 2016 via Charge ID 100058067 with Yes Bank Limited was fully satisfied on 20 Apr 2023.
Charges
A charge registered on 21 Apr 2016 via Charge ID 100037501 with Yes Bank Limited was fully satisfied on 20 Apr 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 8.50 Cr with Charge ID 100058067 was registered on 27 Oct 2016.
Charges
A charge registered on 16 May 2014 via Charge ID 10496646 with Bank Of India was fully satisfied on 01 Jul 2016.
Charges
A charge registered on 03 Sep 2012 via Charge ID 10378022 with Bank Of India was fully satisfied on 01 Jul 2016.
Charges
A charge registered on 10 Jan 2012 via Charge ID 10337695 with Bank Of India was fully satisfied on 01 Jul 2016.
Charges
A charge registered on 07 Nov 2001 via Charge ID 90091703 with Bank Of India was fully satisfied on 01 Jul 2016.
Charges
A charge with Yes Bank Limited amounted to Rs. 8.50 Cr with Charge ID 100037501 was registered on 21 Apr 2016.
Ceased
Rupal Dimpal Shah ceased to be Director.
20 earlier events are in the company report.
Frequently asked questions
Thakor Electronics is an active public limited company based in Thane, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 16 October 2001 (25+ years old) and is registered under CIN U32103MH2001PLC244885.
Thakor Electronics has 6 current directors:
- Dimpal Dilip Shah - Managing Director
- Rupal Sachin Shah - Whole-Time Director
- Saryu Dilip Shah - Whole-Time Director
- Sachin Dilipkumar Shah - Whole-Time Director
- Rupal Dimpal Shah - Whole-Time Director
- Dilip Mansukhlal Shah - Whole-Time Director
The latest financial statements of Thakor Electronics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thakor Electronics is 27AABCT4323M1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thakor Electronics is U32103MH2001PLC244885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thakor Electronics has 7 court cases on record: 4 filed by the company and 3 filed against it. Most are in the district courts.
Thakor Electronics was incorporated on 16 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Thakor Electronics by revenue are Micrologix Embedded Controls Private Limited, Sunlux Technovations Private Limited, Tvadartham Technologies Private Limited, Keetronics (India) Private Limited, all in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Rupal Dimpal Shah ceased to be Director on 24 Mar 2015. Rupal Dimpal Shah was appointed as Whole-Time Director on 01 Apr 2010. Sachin Dilipkumar Shah ceased to be Director on 10 Apr 2009. Thakor Electronics has 12 board changes on record in total.
Yes, Thakor Electronics is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0040141).
Thakor Electronics has 4 MSME Form 1 returns on record between 2020 and 2023, listing 27 overdue payments to 9 micro and small suppliers. The latest return was filed on 15 May 2023.
Thakor Electronics can be reached through the website thakorelectronics.com. Its registered office is in Thane, Maharashtra, India.
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