MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-GJ-24-0053793
Opti Engineering Private Limited - engineering in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹1.61 Cr
▲ 14% YoY
Net loss · FY 2019
₹91.94 Lakh
Net margin -57%
EBITDA · FY 2019
-₹66.97 Lakh
EBITDA margin -41.5%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹27.5 Lakh
Issued & subscribed
Open charges
₹1 Cr
Satisfied ₹1.11 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
1
Provident fund records
About Opti Engineering Private Limited
Data last updated:
Opti Engineering Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 25 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29190GJ2009PTC056430. Its GSTIN is 24AABCO1690C1ZV (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27.5 Lakh. It is led by directors Jignya Manish Naik and Krishnaben Bharatkumar Thakar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at A/40 Shrenik Park Society Akota, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.61 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹91.94 Lakh (net margin -57%) and EBITDA of -₹66.97 Lakh (EBITDA margin -41.5%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹1.11 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 2 cases are pending.
Opti Engineering Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0053793). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website optiengineering.com.
Company details
CIN U29190GJ2009PTC056430
Registration Number 056430
Incorporation Date 25 March 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0053793
Recognitions & Rankings of Opti Engineering
Contact details
Opti Engineering Private Limited's registered office is in Vadodara, Gujarat. Its website is optiengineering.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA/40 Shrenik Park Society Akota, Vadodara, Gujarat, India – 390020
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Opti Engineering Private Limited, buy the company report.
Comprehensive company report
Opti Engineering 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Opti Engineering are manufacturing and support service to organizations. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other support services to organizations. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Opti Engineering Private Limited, buy the company report.
Financials of Opti Engineering Private Limited
FY 2019 filings availableOpti Engineering Private Limited reported revenue of ₹1.61 Cr (up 14% YoY) for FY 2019.
Revenue · FY 2019
₹1.61 Cr ▲ 14%
Net loss · FY 2019
₹91.94 Lakh margin -57%
EBITDA · FY 2019
-₹66.97 Lakh margin -41.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▼ 322%
3 years · compounded
▼ 69%
Revenue rose 14% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA fell 322% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹66.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹91.94 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -41.5% | ||||
| Net Profit Margin | -57% | ||||
| 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 Opti Engineering Private Limited, buy the company report.
Board of directors of Opti Engineering Private Limited
Opti Engineering has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignya Manish Naik | Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Krishnaben Bharatkumar Thakar | Director | 22 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Opti Engineering Private Limited is audited by LALIT R MEHTA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALIT R MEHTA & ASSOCIATES | FY 2019 | 129524W |
Shareholding
The shareholding of Opti Engineering Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Opti Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
₹1.11 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2013 | 10411003 | State Bank of India | ₹1 Cr | Open | |
| 23 Mar 2013 | 10419753 | Axis Bank Limited | ₹11.44 Lakh | Satisfied | |
| 14 Sep 2011 | 10309295 | Yes Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Opti Engineering Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Opti Engineering Private Limited has 5 court cases on record: 5 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed against the company
5
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (CR-EN) | Filed against the company by Employees State Insurance Corp. | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S Managalam Steel Cast Pvt. Ltd. | Pending |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed against the company by State Bank of India Authorized Officer Shri Inderjit Singh | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S Managalam Steel Cast Pvt. Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed against the company by M/S Mangalam Steel Cast Pvt Ltd | Disposed |
To see the full case history of Opti Engineering 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 Opti Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Opti Engineering Private Limited has a workforce of 1 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Opti Engineering has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCO1690C1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Opti Engineering Private Limited, buy the company report.
Recent activity
Opti Engineering Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Bharatkumar Shankerlal Thakar ceased to be Director on 11 May 2018.
AGM
Opti Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Opti Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Ahmedabad.
Ceased
Bharatkumar Shankerlal Thakar ceased to be Director.
Ceased
Manish Manubhai Naik ceased to be Director.
Appointed
Jignya Manish Naik was appointed as Director.
Appointed
Krishnaben Bharatkumar Thakar was appointed as Director.
Charges
A charge registered on 23 Mar 2013 via Charge ID 10419753 with Axis Bank Limited was fully satisfied on 28 Sep 2016.
Charges
A charge registered on 14 Sep 2011 via Charge ID 10309295 with Yes Bank Limited was fully satisfied on 05 Apr 2013.
Charges
A charge with Axis Bank Limited amounted to Rs. 11.44 Lakh with Charge ID 10419753 was registered on 23 Mar 2013.
Charges
A charge with State Bank Of India amounted to Rs. 100.00 Lakh with Charge ID 10411003 was registered on 17 Jan 2013.
Charges
A charge with Yes Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 10309295 was registered on 14 Sep 2011.
Ceased
Jatin Chandravadan Joshi ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Opti Engineering is an active private limited company based in Vadodara, Gujarat, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 25 March 2009 (17+ years old) and is registered under CIN U29190GJ2009PTC056430.
Opti Engineering has 2 current directors:
- Jignya Manish Naik - Director
- Krishnaben Bharatkumar Thakar - Director
The latest financial statements of Opti Engineering on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Opti Engineering is 24AABCO1690C1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Opti Engineering is U29190GJ2009PTC056430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Opti Engineering has 5 court cases on record: 5 filed against it. 2 are pending.
Opti Engineering was incorporated on 25 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bharatkumar Shankerlal Thakar ceased to be Director on 11 May 2018. Manish Manubhai Naik ceased to be Director on 11 May 2018. Jignya Manish Naik was appointed as Director on 22 Dec 2017. Opti Engineering has 5 board changes on record in total.
Yes, Opti Engineering is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0053793).
Opti Engineering can be reached through the website optiengineering.com. Its registered office is in Vadodara, Gujarat, India.