About Orbit Electro Equipments Private Limited
Data last updated:
Orbit Electro Equipments Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 06 February 2008.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2008PTC178529. Its GSTIN is 27AABCO0642E1ZV (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Bharat Babulal Shah and Anshul Gupta (Irp/Rp/Liquidator).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹175.98 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.78 Cr (net margin 1%) and EBITDA of ₹6.26 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 15% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24.1 Cr and satisfied charges of ₹7.08 Cr on record. Court records list 21 cases involving the company, including 1 filed by the company and 20 filed against it; 2 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹1.48 Cr; the latest was in March 2019.
The last known website on record is orbitindia.org.
Company details
Contact details
Orbit Electro Equipments Private Limited's registered office is in Mumbai, Maharashtra. Its website is orbitindia.org. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No J1 Wing J 4th Floor Tex Center Premises Co – Op Soc.Ltd. Chandivali Rd. Andheri E, Ast, Mumbai, Maharashtra, India – 400072
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Orbit Electro Equipments 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 activities of Orbit Electro Equipments are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Orbit Electro Equipments Private Limited, buy the company report.
Financials of Orbit Electro Equipments Private Limited
FY 2019 filings availableOrbit Electro Equipments Private Limited reported revenue of ₹175.98 Cr (up 10% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 10% growth in the latest year. EBITDA rose 1% 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 | ₹175.98 Cr | ||||
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| EBITDA | ₹6.26 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.78 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Orbit Electro Equipments Private Limited, buy the company report.
Board of directors of Orbit Electro Equipments Private Limited
Orbit Electro Equipments has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Babulal Shah | Director | 30 Mar 2020 | 6 Years 6 Months | As last reported |
| Anshul Gupta Also directs: Finkonnect Capital Advisors LLP, Afro Connect Consultancy Services Private Limited, Yajur Veda Impex Private Limited and 1 more | Irp/Rp/Liquidator | 26 Jul 2024 | 2 Years 3 Months | As last reported |
| Deepen Bharat Shah | Director | 06 Feb 2008 | 18 Years 8 Months | As last reported |
Auditor
Orbit Electro Equipments Private Limited is audited by NIMESH SODHA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIMESH SODHA & CO | FY 2019 | 130730W |
Shareholding
The shareholding of Orbit Electro Equipments Private Limited is on record for 4 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 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Orbit Electro Equipments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2020 | 100368484 | The South Indian Bank Limited | ₹8.47 Lakh | Open | |
| 04 Dec 2019 | 100311829 | The South Indian Bank Limited | ₹1.5 Cr | Open | |
| 17 Sep 2018 | 100219351 | The South Indian Bank Limited | ₹3.45 Lakh | Open | |
| 27 Mar 2018 | 100171086 | Others | ₹9 Cr | Open | |
| 10 Jan 2018 | 100151342 | Dena Bank | ₹6.96 Lakh | Open |
To see the full charge records of Orbit Electro Equipments Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Orbit Electro Equipments Private Limited has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹1.48 Cr; the latest was in March 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Rights issue | ₹5.92 Cr | Investors: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2015 | Rights issue | ₹2.58 Cr | Investors: 2 individuals |
To see the full deal history of Orbit Electro Equipments Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Orbit Electro Equipments Private Limited has 21 court cases on record: 1 filed by Orbit Electro Equipments, 20 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 1 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against Southern Power Distribution Company of Telangana Ltd., (Tsspdctl) and 2 others | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by Moneywise Financial Services Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Suryoday Small Finance Bank Ltd. | Disposed |
| High Court, West Bengal | Court case (EC) | Filed against the company by Poonawalla Fincorp Limited | Disposed |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Rattanindia Finance Pvt Ltd | Disposed |
To see the full case history of Orbit Electro Equipments 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.
Credit ratings & regulatory alerts
Orbit Electro Equipments Private Limited was last rated by Indiarating on 01 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Jun 2020 |
To see the full credit ratings and regulatory alerts of Orbit Electro Equipments Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Orbit Electro Equipments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Orbit Electro Equipments Private Limited has a workforce of 1 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Orbit Electro Equipments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO0642E1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Orbit Electro Equipments Private Limited, buy the company report.
Recent activity
Orbit Electro Equipments Private Limited has 10 board changes on record since 2008: 3 appointments and 7 cessations. The latest: Anshul Gupta was appointed as Irp/Rp/Liquidator on 26 Jul 2024.
20 earlier events are in the company report.
Frequently asked questions
Orbit Electro Equipments is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Orbit Electro Equipments is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 06 February 2008 and is registered under CIN U74999MH2008PTC178529. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Orbit Electro Equipments has 3 current directors:
- Bharat Babulal Shah - Director
- Deepen Bharat Shah - Director
- Anshul Gupta - Irp/Rp/Liquidator
The latest financial statements of Orbit Electro Equipments 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 CIN (Corporate Identification Number) of Orbit Electro Equipments is U74999MH2008PTC178529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Orbit Electro Equipments has open charges of ₹24.1 Cr and satisfied charges of ₹7.08 Cr as per latest MCA filings.
Orbit Electro Equipments has 21 court cases on record: 1 filed by the company and 20 filed against it. 2 are pending. Most are in the district courts.
Orbit Electro Equipments was incorporated on 06 February 2008. It is registered with the Registrar of Companies, Mumbai.
Orbit Electro Equipments has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹1.48 Cr; the latest was in March 2019.
Anshul Gupta was appointed as Irp/Rp/Liquidator on 26 Jul 2024. Trupti Madhukar Bolke ceased to be Company Secretary on 30 Apr 2021. Bharat Babulal Shah ceased to be Additional Director on 29 Dec 2020. Orbit Electro Equipments has 10 board changes on record in total.