About Neelset Electrical Projects Private Limited
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Neelset Electrical Projects Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 20 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2013PTC147476. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dhansagar Shankar Shendge and Rupali Dhansagar Shendge.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at S. No. 1/1 Sangam Nagar Sangvi, Pune, Maharashtra, India – 411027.
As per the financials filed for FY 2023, the company reported a revenue of ₹24.67 Lakh, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹52,330 (net margin -2.1%) and EBITDA of ₹1.21 Lakh (EBITDA margin 4.9%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neelset.com.
Company details
Contact details
Neelset Electrical Projects Private Limited's registered office is in Pune, Maharashtra. Its website is neelset.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS. No. 1/1 Sangam Nagar Sangvi, Pune, Maharashtra, India – 411027
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Neelset Electrical Projects 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 Neelset Electrical Projects is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Neelset Electrical Projects Private Limited, buy the company report.
Financials of Neelset Electrical Projects Private Limited
FY 2023 filings availableNeelset Electrical Projects Private Limited reported revenue of ₹24.67 Lakh (down 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 12% fall in the latest year. EBITDA rose 121% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹24.67 Lakh | ||||
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| EBITDA | ₹1.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52,330 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | -2.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neelset Electrical Projects Private Limited, buy the company report.
Board of directors of Neelset Electrical Projects Private Limited
Neelset Electrical Projects has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhansagar Shankar Shendge Also directs: Samadarshi Education Foundation | Director | 20 May 2013 | 13 Years 5 Months | Current |
| Rupali Dhansagar Shendge Also directs: Samadarshi Education Foundation | Director | 14 Dec 2020 | 5 Years 10 Months | Current |
Auditor
Neelset Electrical Projects Private Limited is audited by YOGESH PANDURANG BHAGAT for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YOGESH PANDURANG BHAGAT | FY 2023 | 132280 |
Shareholding
The shareholding of Neelset Electrical Projects 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 Neelset Electrical Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2014 | 10513602 | Union Bank of India | ₹5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Neelset Electrical Projects Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Neelset Electrical Projects Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Retco Electricals |
To see the full MSME payment records of Neelset Electrical Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Neelset Electrical Projects has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Neelset Electrical Projects Private Limited, buy the company report.
Recent activity
Neelset Electrical Projects Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Rupali Dhansagar Shendge was appointed as Director on 14 Dec 2020.
Frequently asked questions
Neelset Electrical Projects is an active private limited company based in Pune, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 20 May 2013 (13+ years old) and is registered under CIN U74999PN2013PTC147476.
Neelset Electrical Projects has 2 current directors:
- Dhansagar Shankar Shendge - Director
- Rupali Dhansagar Shendge - Director
The latest financial statements of Neelset Electrical Projects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Neelset Electrical Projects has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Neelset Electrical Projects is U74999PN2013PTC147476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neelset Electrical Projects was incorporated on 20 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
Rupali Dhansagar Shendge was appointed as Director on 14 Dec 2020. Digambar Sakharam Kambale ceased to be Director on 02 Dec 2020. Dhansagar Shankar Shendge was appointed as Director on 20 May 2013.
Neelset Electrical Projects has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 01 Jun 2019.
Neelset Electrical Projects can be reached through the website neelset.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Neelset Electrical Projects is at S. No. 11 Sangam Nagar Sangvi, Pune, Maharashtra, India – 411027.
Neelset Electrical Projects operates in the energy and power industry, in the power epc segment.