Startup India Government of India
MST Electrical Services Private Limited - energy and power in Anand, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.72 Lakh
▼ 16% YoY
Net loss · FY 2024
₹16.24 Lakh
Net margin -78.4%
EBITDA · FY 2024
-₹10.47 Lakh
EBITDA margin -50.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About MST Electrical Services Private Limited
Data last updated:
MST Electrical Services Private Limited is a private limited company based in Anand, Gujarat, India, recognised as a startup by DPIIT. It operates in the power epc segment of the energy and power sector. It was incorporated on 16 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93090GJ2018PTC103283. Its GSTIN is 24AALCM9647B1ZC (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sabnambanu Thakor and Mohammadasif Mahmudmiya Thakor.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Anand, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.72 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹16.24 Lakh (net margin -78.4%) and EBITDA of -₹10.47 Lakh (EBITDA margin -50.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.
For more details, the company can be reached via its website mstme.com.
Company Details of MST Electrical Services Private Limited
CIN U93090GJ2018PTC103283
Registration Number 103283
Incorporation Date 16 July 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of MST Electrical Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address689/P F – 10, Aman Arced, Anand, Gujarat, India – 388205
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
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Business Activity of MST Electrical Services Private Limited
The main business activity of MST Electrical Services is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of MST Electrical Services Private Limited FY 2025 filings available
MST Electrical Services Private Limited reported revenue of ₹20.72 Lakh (down 16% YoY) for FY 2024.
Revenue · FY 2024
₹20.72 Lakh ▼ 16%
Net loss · FY 2024
₹16.24 Lakh margin -78.4%
EBITDA · FY 2024
-₹10.47 Lakh margin -50.5%
Compounded Annual Growth Rate (CAGR) of MST Electrical Services Private Limited
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 9%
5 years · compounded
▲ 2%
EBITDA CAGR growth
3 years · compounded
▼ 4%
5 years · compounded
▼ 17%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. 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 of MST Electrical Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹10.47 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.24 Lakh | •••• | •••• | •••• | •••• |
| 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 of MST Electrical Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -50.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -78.4% | •••• | •••• | •••• | •••• |
| 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 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 MST Electrical Services are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of MST Electrical Services Private Limited
MST Electrical Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sabnambanu Thakor | Director | 16 Jul 2018 | 8 Years 3 Months | Current |
| Mohammadasif Mahmudmiya Thakor | Director | 16 Jul 2018 | 8 Years 3 Months | Current |
Peer Comparison of MST Electrical Services Private Limited
MST Electrical Services Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saur Engineers & Consultants Private Limited | ₹20.93 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Mumbai, Maharashtra, India |
| Radhakamal Engineers Private Limited | ₹20.91 Lakh (FY 2023) | •••• | •••• | -57.0% | •••• | Thane, Maharashtra, India |
| Vast Energy Private Limited | ₹20.86 Lakh (FY 2018) | •••• | •••• | 27.0% | •••• | New Delhi, Delhi, India |
| Lovkik Electricals Private Limited | ₹20.83 Lakh (FY 2025) | •••• | •••• | 174.0% | •••• | Navi Mumbai, Maharashtra, India |
| Flame Electrical India Private Limited | ₹20.77 Lakh (FY 2025) | •••• | •••• | -76.0% | •••• | Indore, Madhya Pradesh, India |
| MST Electrical Services Private Limited this company | ₹20.72 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | Anand, Gujarat, India |
| Sun Orb Energy Private Limited | ₹20.7 Lakh (FY 2025) | •••• | •••• | -31.0% | •••• | Pune, Maharashtra, India |
| Gromax Infratech Private Limited | ₹20.67 Lakh (FY 2024) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Lne Infrastructure Private Limited | ₹20.6 Lakh (FY 2024) | •••• | •••• | 24.0% | •••• | Jaipur, Rajasthan, India |
| Aadvit Species & FMCG Private Limited | ₹20.49 Lakh (FY 2025) | •••• | •••• | 587.0% | •••• | Delhi, India |
| Sles Projects Private Limited | ₹20.33 Lakh (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below MST Electrical Services by revenue in the Power industry (EPC, BoP and BTG), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of MST Electrical Services Private Limited
MST Electrical Services Private Limited is audited by DHRUVIL GANDHI & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DHRUVIL GANDHI & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of MST Electrical Services Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of MST Electrical Services Private Limited
MST Electrical Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at MST Electrical Services Private Limited
Employment history and EPFO contributions of people linked to MST Electrical Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on MST Electrical Services Private Limited
MST Electrical Services Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Mohammadasif Mahmudmiya Thakor was appointed as Director on 16 Jul 2018.
AGM
Mst Electrical Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mst Electrical Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Mohammadasif Mahmudmiya Thakor was appointed as Director.
Appointed
Sabnambanu Thakor was appointed as Director.
Incorporation
16 Jul 2018
Mst Electrical Services Private Limited was registered on 16 Jul 2018 with Roc Ahmedabad & aged 8 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for MST Electrical Services Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by MST Electrical Services Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of MST Electrical Services Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of MST Electrical Services Private Limited
MST Electrical Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCM9647B1ZC | Gujarat | Active | 14 Sep 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of MST Electrical Services Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about MST Electrical Services Private Limited
MST Electrical Services is an active private limited company based in Anand, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 16 July 2018 (8+ years old) and is registered under CIN U93090GJ2018PTC103283.
MST Electrical Services reported revenue of ₹20.72 Lakh for FY 2024 (down 16% YoY).
MST Electrical Services has 2 current directors:
- Sabnambanu Thakor - Director
- Mohammadasif Mahmudmiya Thakor - Director
MST Electrical Services reported a net loss of ₹16.24 Lakh (net margin -78.4%) and EBITDA of -₹10.47 Lakh (EBITDA margin -50.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MST Electrical Services is 9% over three years and 2% over five years. In the latest year (FY 2024) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MST Electrical Services is 24AALCM9647B1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of MST Electrical Services is U93090GJ2018PTC103283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MST Electrical Services was incorporated on 16 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of MST Electrical Services by revenue are Saur Engineers & Consultants Private Limited, Radhakamal Engineers Private Limited, Vast Energy Private Limited, Lovkik Electricals Private Limited, Flame Electrical India Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).
Mohammadasif Mahmudmiya Thakor was appointed as Director on 16 Jul 2018. Sabnambanu Thakor was appointed as Director on 16 Jul 2018.
Yes, MST Electrical Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).