About Pe Electronics Limited
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Pe Electronics Limited is a public limited company based in Aurangabad, 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 12 January 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32109MH2010PLC198794. Its GSTIN is 27AAFCP2913H1ZI (Maharashtra). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹12.5 Cr. It is led by directors including Nitin Shinde (Whole-Time Director) and Ravindrakumar Ved Prakash Mittal.
Its last annual general meeting (AGM) was held on 27 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Auto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005.
As per the financials filed for FY 2018, the company reported a revenue of ₹338.94 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹278.85 Cr (net margin -82.3%) and EBITDA of -₹261 Cr (EBITDA margin -77%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
As per MCA filings, the company has open charges of ₹24,740 Cr and satisfied charges of ₹5,350 Cr on record. Court records list 118 cases involving the company, including 74 filed by the company and 44 filed against it; 22 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.87 Cr; the latest was in March 2016. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is S. M. Teledirect Private Limited with revenue of ₹341.7 Cr.
The last known website on record is electrolux.com.
Company details
Contact details
Pe Electronics Limited's registered office is in Aurangabad, Maharashtra. Its website is electrolux.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressAuto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Pe Electronics 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 Pe Electronics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pe Electronics Limited, buy the company report.
Financials of Pe Electronics Limited
FY 2018 filings availablePe Electronics Limited reported revenue of ₹338.94 Cr (down 62% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over three years, including a 62% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹338.94 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹261 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹278.85 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -77% | |||
| Net Profit Margin | -82.3% | |||
| 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 Pe Electronics Limited, buy the company report.
Board of directors of Pe Electronics Limited
Pe Electronics has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindrakumar Ved Prakash Mittal | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Akshit Goswami | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Nitin Shinde | Whole-Time Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Pe Electronics Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S. M. Teledirect Private Limited | ₹341.7 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Pe Electronics Limitedthis company | ₹338.94 Cr (FY 2018) | -₹278.85 Cr | -82.3% | -62.0% | Aurangabad, Maharashtra, India | |
| Capital Photo Service Private Limited | ₹338.27 Cr (FY 2025) | 43.0% | Kolkata, West Bengal, India | |||
| Fastlink Connections Private Limited | ₹333.92 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Pe Electronics Limited, buy the company report.
Auditor
Pe Electronics Limited is audited by KADAM & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADAM & CO | FY 2018 | 104524W |
Shareholding
The shareholding of Pe Electronics Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pe Electronics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2013 | 10414633 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 30 Apr 2012 | 10352199 | Icici Bank Limited | ₹650 Cr | Open | |
| 24 Apr 2012 | 10353423 | State Bank of India | ₹750 Cr | Open | |
| 18 Feb 2012 | 10337432 | Idbi Bank Limited | ₹3,025 Cr | Open | |
| 11 Aug 2011 | 10302298 | Bank of Baroda | ₹120 Cr | Open |
To see the full charge records of Pe Electronics Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Pe Electronics Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.87 Cr; the latest was in March 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Techno Electronics Private Limited, Sky Appliances Limited , TechnoKart India Limited Seller: Synergy Appliances Private Limited , Force Appliance Private Limited, Tekcare India Private Limited |
| Mar 2014 | Funding round | ₹39.92 Cr | Investors: Videocon Mauritius Energy Limited |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Indian Refrigerator Company Limited Seller: Dome-Bell Electronics India Private Limited |
| Mar 2012 | Funding round | ₹9.95 Cr | Investors: Greenfield Appliances Private Limited , Synergy Appliances Private Limited , Dome-Bell Electronics India Private Limited |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: Synergy Appliances Private Limited , Dome-Bell Electronics India Private Limited , Tekcare India Private Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pe Electronics Limited has 118 court cases on record: 74 filed by Pe Electronics, 44 filed against it. 22 cases are pending and 96 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 79 | 9 | 4 |
| NCLAT | 24 | 24 | 14 |
| High courts | 8 | 4 | 1 |
| Supreme Court | 7 | 7 | 3 |
Cases on record (5 of 118)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
To see the full case history of Pe Electronics 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 Pe Electronics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pe Electronics has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP2913H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pe Electronics Limited, buy the company report.
Recent activity
Pe Electronics Limited has 14 board changes on record since 2012: 3 appointments and 11 cessations. The latest: Akshit Goswami ceased to be Additional Director on 03 Aug 2021.
33 earlier events are in the company report.
Frequently asked questions
Pe Electronics 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.
Pe Electronics is a company under insolvency, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 12 January 2010 and is registered under CIN U32109MH2010PLC198794. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pe Electronics has 3 current directors:
- Nitin Shinde - Whole-Time Director
- Ravindrakumar Ved Prakash Mittal - Additional Director
- Akshit Goswami - Additional Director
The latest financial statements of Pe Electronics on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 27 August 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pe Electronics is U32109MH2010PLC198794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pe Electronics has open charges of ₹24,740 Cr and satisfied charges of ₹5,350 Cr as per latest MCA filings.
Pe Electronics has 118 court cases on record: 74 filed by the company and 44 filed against it. 22 are pending. Most are in the district courts.
Pe Electronics was incorporated on 12 January 2010. It is registered with the Registrar of Companies, Mumbai.
Pe Electronics has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹49.87 Cr; the latest was in March 2016.
The peers of Pe Electronics by revenue are S. M. Teledirect Private Limited, Capital Photo Service Private Limited, Fastlink Connections Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Akshit Goswami ceased to be Additional Director on 03 Aug 2021. Nitin Shinde ceased to be Whole-Time Director on 03 Aug 2021. Ravindrakumar Ved Prakash Mittal ceased to be Additional Director on 03 Aug 2021. Pe Electronics has 14 board changes on record in total.