MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0021259
Neon Cables Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹12.63 Cr
▲ 54% YoY
Net profit · FY 2024
₹2.23 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹39.62 Lakh
EBITDA margin 3.1%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Satisfied charges
₹93.18 Lakh
No open charges
Company age
13 yrs
Est. 2013
Directors on board
4
As per MCA filings
About Neon Cables Private Limited
Data last updated:
Neon Cables Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 26 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28999GJ2013PTC073739. Its GSTIN is 24AAECN2629K1ZF (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Ashvinbhai Tulshibhai Sorathia and Hitesh Khimjibhai Vaghasiya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.11 R.S. No.22/P – 2 Yamuna Industrial Area Village: Vavdi Gondal Road Highway Tal, : Rajkot, Gujarat, India – 360005.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.63 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹2.23 Lakh (net margin 0.2%) and EBITDA of ₹39.62 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 48% over five years.
The company is associated with 1 brand: Megacab Wires. As per MCA filings, the company has satisfied charges of ₹93.18 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Neon Cables Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0021259). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website megacabwires.com.
Company details
CIN U28999GJ2013PTC073739
Registration Number 073739
Incorporation Date 26 February 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-20-0021259
Key People
Ashvinbhai Tulshibhai Sorathia Director Hitesh Khimjibhai Vaghasiya Director Sanjaybhai Khimjibhai Vaghasiya Director Recognitions & Rankings of Neon Cables
Contact details
Neon Cables Private Limited's registered office is in Rajkot, Gujarat. Its website is megacabwires.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.11 R.S. No.22/P – 2 Yamuna Industrial Area Village: Vavdi Gondal Road Highway Tal, : Rajkot, Gujarat, India – 360005
- IndustryManufacturing, Cable & Wire
To see the full contact details of Neon Cables Private Limited, buy the company report.
Comprehensive company report
Neon Cables Private 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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Brands
Neon Cables operates one associated brand: Megacab Wires. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying of cables and wires in India. | megacabwires.com |
Business activity
The main business activity of Neon Cables is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Neon Cables Private Limited, buy the company report.
Financials of Neon Cables Private Limited
FY 2024 filings availableNeon Cables Private Limited reported revenue of ₹12.63 Cr (up 54% YoY) for FY 2024.
Revenue · FY 2024
₹12.63 Cr ▲ 54%
Net profit · FY 2024
₹2.23 Lakh margin 0.2%
EBITDA · FY 2024
₹39.62 Lakh margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 70%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 36%
5 years · compounded
▲ 36%
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 54% growth in the latest year. EBITDA rose 52% 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 |
|---|---|---|---|---|---|
| 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 | ₹39.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.23 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Neon Cables Private Limited, buy the company report.
Board of directors of Neon Cables Private Limited
Neon Cables has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashvinbhai Tulshibhai Sorathia Also directs: Skywin Spinning Private Limited, Earth Spintex Private Limited, Meera Technocast Private Limited and 2 more | Director | 26 Feb 2013 | 13 Years 8 Months | Current |
| Hitesh Khimjibhai Vaghasiya | Director | 26 Feb 2013 | 13 Years 8 Months | Current |
| Sanjaybhai Khimjibhai Vaghasiya | Director | 26 Feb 2013 | 13 Years 8 Months | Current |
| Kishorbhai Tulsibhai Sorathiya Also directs: Skywin Spinning Private Limited, Earth Spintex Private Limited, Nira Life Sciences Private Limited and 1 more | Director | 26 Feb 2013 | 13 Years 8 Months | Current |
Peer comparison
Neon Cables 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 (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anni Wire Private Limited | ₹12.84 Cr (FY 2025) | -4.0% | Morena, Madhya Pradesh, India | |||
| Techno Wires & Steel Private Limited | ₹12.75 Cr (FY 2024) | 102.0% | Raipur, Chhattisgarh, India | |||
| Gallops Galvanizing Private Limited | ₹12.69 Cr (FY 2024) | 103.0% | Amreli, Gujarat, India | |||
| Neon Cables Private Limitedthis company | ₹12.63 Cr (FY 2024) | ₹2.23 Lakh | 0.2% | 54.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Neon Cables Private Limited, buy the company report.
Auditor
Neon Cables Private Limited is audited by H. B. Hirapara & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. B. Hirapara & Co. | FY 2023 | 111193 |
Shareholding
The shareholding of Neon Cables 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 Neon Cables Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹93.18 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2013 | 10444094 | Others | ₹93.18 Lakh | Satisfied |
To see the full charge records of Neon Cables Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Neon Cables Private Limited has 1 court case on record: 1 filed by Neon Cables. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Neon Cables 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 Neon Cables Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neon Cables has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECN2629K1ZF | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neon Cables Private Limited, buy the company report.
Recent activity
Neon Cables Private Limited has 4 board changes on record since 2013: 4 appointments. The latest: Ashvinbhai Tulshibhai Sorathia was appointed as Director on 26 Feb 2013.
AGM
Neon Cables Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Neon Cables Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 16 Aug 2013 via Charge ID 10444094 with Others was fully satisfied on 18 Sep 2018.
Charges
A charge with Others of Rs. 93.18 Lakh registered on 16 Aug 2013 with Charge ID 10444094 was modified on 22 Jul 2016.
Charges
A charge with Others amounted to Rs. 93.18 Lakh with Charge ID 10444094 was registered on 16 Aug 2013.
Appointed
Ashvinbhai Tulshibhai Sorathia was appointed as Director.
Appointed
Hitesh Khimjibhai Vaghasiya was appointed as Director.
Appointed
Kishorbhai Tulsibhai Sorathiya was appointed as Director.
Appointed
Sanjaybhai Khimjibhai Vaghasiya was appointed as Director.
Incorporation
26 Feb 2013
Neon Cables Private Limited was registered on 26 Feb 2013 with Roc Ahmedabad & aged 13 years 8 months as per MCA records.
Frequently asked questions
Neon Cables is an active private limited company based in Rajkot, Gujarat, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 26 February 2013 (13+ years old) and is registered under CIN U28999GJ2013PTC073739.
Neon Cables has 4 current directors:
- Ashvinbhai Tulshibhai Sorathia - Director
- Hitesh Khimjibhai Vaghasiya - Director
- Sanjaybhai Khimjibhai Vaghasiya - Director
- Kishorbhai Tulsibhai Sorathiya - Director
The latest financial statements of Neon Cables on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Neon Cables is 24AAECN2629K1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Neon Cables is U28999GJ2013PTC073739. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neon Cables has 1 court case on record: 1 filed by the company. 1 is pending.
Neon Cables was incorporated on 26 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Neon Cables by revenue are Anni Wire Private Limited, Techno Wires & Steel Private Limited, Gallops Galvanizing Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products).
Ashvinbhai Tulshibhai Sorathia was appointed as Director on 26 Feb 2013. Hitesh Khimjibhai Vaghasiya was appointed as Director on 26 Feb 2013. Kishorbhai Tulsibhai Sorathiya was appointed as Director on 26 Feb 2013. Neon Cables has 4 board changes on record in total.
Yes, Neon Cables is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0021259).
Neon Cables can be reached through the website megacabwires.com. Its registered office is in Rajkot, Gujarat, India.
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