About Myco Electricals Private Limited
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Myco Electricals Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 13 January 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1984PTC017456. Its GSTIN is 07AAACM1868P1ZZ (Delhi). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.22 Cr. It was formerly known as Myco India Private Limited. It is led by directors Mohtashim Aquil and Samir Iqbal.
Its last annual general meeting (AGM) was held on 21 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D – 2/3 Okhala Industrial Area II Floor (Front Side) Phase – II, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.04 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹93.99 Lakh (net margin -2.8%) and EBITDA of -₹72.95 Lakh (EBITDA margin -2.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 8% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.47 Cr and satisfied charges of ₹15.6 Cr on record. Court records list 56 cases involving the company, including 19 filed by the company and 37 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mycoelectricals.com.
Company details
Contact details
Myco Electricals Private Limited's registered office is in New Delhi, Delhi. Its website is mycoelectricals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 2/3 Okhala Industrial Area II Floor (Front Side) Phase – II, New Delhi, Delhi, India – 110020
- IndustryManufacturing, Cable & Wire
To see the full contact details of Myco Electricals Private 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 Myco 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 Myco Electricals Private Limited, buy the company report.
Financials of Myco Electricals Private Limited
FY 2024 filings availableMyco Electricals Private Limited reported revenue of ₹33.04 Cr (down 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 56% fall in the latest year. EBITDA fell 145% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹72.95 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹93.99 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.2% | ||||
| Net Profit Margin | -2.8% | ||||
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To see the full financial statements and ratios of Myco Electricals Private Limited, buy the company report.
Board of directors of Myco Electricals Private Limited
Myco Electricals has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohtashim Aquil Also directs: Harbans Lal Prem Kumar Private Limited, Mak Associates Private Ltd, Continental Telepower Industries Limited (Part IX) and 5 more | Director | 17 Jul 2018 | 8 Years 3 Months | Current |
| Samir Iqbal Also directs: Harbans Lal Prem Kumar Private Limited, Mak Associates Private Ltd, Continental Telepower Industries Limited (Part IX) and 5 more | Director | 16 May 1988 | 38 Years 5 Months | Current |
Peer comparison
Myco Electricals Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), 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 |
|---|---|---|---|---|---|---|
| Everest Cables & Connectors Private Limited | ₹33.22 Cr (FY 2025) | 55.0% | New Delhi, Delhi, India | |||
| Gator Systems Private Limited | ₹33.14 Cr (FY 2025) | 16.0% | Vasai, Maharashtra, India | |||
| Ssi Cables Private Limited | ₹33.09 Cr (FY 2024) | -19.0% | Meerut, Uttar Pradesh, India | |||
| Myco Electricals Private Limitedthis company | ₹33.04 Cr (FY 2024) | -₹93.99 Lakh | -2.8% | -56.0% | 30 | New Delhi, Delhi, India |
To see the full peer comparison of Myco Electricals Private Limited, buy the company report.
Auditor
Myco Electricals Private Limited is audited by AVRM & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AVRM & ASSOCIATES | FY 2022 | 003705N |
Shareholding
The shareholding of Myco 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 Myco Electricals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2024 | 100904330 | Others | ₹9.95 Cr | Open | |
| 30 Dec 2023 | 100838234 | Others | ₹8 Lakh | Open | |
| 14 Apr 2023 | 100705286 | Hdfc Bank Limited | ₹13.98 Lakh | Open | |
| 28 Apr 2022 | 100573617 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 28 Aug 2020 | 100373018 | Others | ₹2.3 Cr | Open |
To see the full charge records of Myco Electricals Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Myco Electricals Private Limited has 56 court cases on record: 19 filed by Myco Electricals, 37 filed against it. 1 case is pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 36 | 1 |
| High courts | 7 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed by the company against Uflex Limited | Disposed |
| District court, South, Delhi | Execution petition | Filed by the company against Ms R. E. I. Agro Ltd. | Disposed |
| District court, South, Delhi | Interim or miscellaneous application | Filed by the company against Rei Agro Limited | Disposed |
| District court, South East, Delhi | Court case (Succ. Court) | Filed against the company | Pending |
| High Court | Court case (CWJC) | Filed by the company against individuals | Disposed |
To see the full case history of Myco 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 Myco Electricals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Myco Electricals Private Limited has a workforce of 30 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Myco Electricals has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACM1868P1ZZ | Delhi | Active | 01 Jul 2017 |
| 02AAACM1868P1Z9 | Himachal Pradesh | Active | 01 Jul 2017 |
| 09AAACM1868P1ZV | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Myco Electricals Private Limited, buy the company report.
Recent activity
Myco Electricals Private Limited has 6 board changes on record since 1988: 4 appointments and 2 cessations. The latest: Mohtashim Aquil was appointed as Director on 17 Jul 2018.
14 earlier events are in the company report.
Frequently asked questions
Myco Electricals is an active private limited company based in New Delhi, Delhi, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 13 January 1984 (42+ years old) and is registered under CIN U74899DL1984PTC017456.
Myco Electricals has 2 current directors:
- Mohtashim Aquil - Director
- Samir Iqbal - Director
The latest financial statements of Myco Electricals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 21 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Myco Electricals is 07AAACM1868P1ZZ, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 02AAACM1868P1Z9 (Himachal Pradesh), 09AAACM1868P1ZV (Uttar Pradesh).
The CIN (Corporate Identification Number) of Myco Electricals is U74899DL1984PTC017456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Myco Electricals has 56 court cases on record: 19 filed by the company and 37 filed against it. 1 is pending. Most are in the district courts.
Myco Electricals was incorporated on 13 January 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Myco Electricals by revenue are Everest Cables & Connectors Private Limited, Gator Systems Private Limited, Ssi Cables Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mohtashim Aquil was appointed as Director on 17 Jul 2018. Shamima Khatoon ceased to be Director on 17 Jul 2018. Mohd Aqil Akhtar ceased to be Director on 03 Sep 2010. Myco Electricals has 6 board changes on record in total.
Myco Electricals can be reached through the website mycoelectricals.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Myco Electricals is at D – 23 Okhala Industrial Area II Floor Front Side Phase – II, New Delhi, Delhi, India – 110020.
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