About Polycoat Electra Services (India) Private Limited
Data last updated:
Polycoat Electra Services (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 21 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51505GJ2004PTC044156. Its GSTIN is 24AADCP2721M1ZH (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.14 Lakh. It is led by directors including Rajendra Baldevbhai Patel (Managing Director) and Kurang Ramchandra Panchal (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Siddhihouseb/Hkamaldeepapartmentopplalbunglowoffcgroadnavrangpura, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.78 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹1.7 Cr (net margin 3.7%) and EBITDA of ₹2.79 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹295.38 Cr and satisfied charges of ₹2.75 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rajeshpower.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSiddhihouseb/Hkamaldeepapartmentopplalbunglowoffcgroadnavrangpura, Ahmedabad, Gujarat, India – 380006
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Polycoat Electra Services (India) Private Limited
The main business activity of Polycoat Electra Services (India) is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Polycoat Electra Services (India) Private Limited FY 2025 filings available
Polycoat Electra Services (India) Private Limited reported revenue of ₹45.78 Cr (up 67% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Polycoat Electra Services (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 67% growth in the latest year. EBITDA rose 57% 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 of Polycoat Electra Services (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹2.79 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.7 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 of Polycoat Electra Services (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Polycoat Electra Services (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) has 7 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Peer Comparison of Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vishwanath Equipment Private Limited | ₹47.14 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Jabalpur, Madhya Pradesh, India |
| Omicron Machine Tools Private Limited | ₹46.91 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Nashik, Maharashtra, India |
| Sambeet Equipments Private Limited | ₹46.41 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Cuttack, Odisha, India |
| Sea Stem Limited | ₹46.01 Cr (FY 2018) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| Amtek Instruments Private Limited | ₹45.87 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Polycoat Electra Services (India) Private Limited this company | ₹45.78 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Ahmedabad, Gujarat, India |
| Silverwater Metals and Minerals Private Limited | ₹45.72 Cr (FY 2024) | •••• | •••• | -41.0% | •••• | Nagpur, Maharashtra, India |
| Shavo Technologies Private Limited | ₹45.68 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Teknion Furniture Systems (India) Private Limited | ₹45.29 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Marvel Machine Tools Private Limited | ₹45.1 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Yanmar India Private Limited | ₹44.93 Cr (FY 2021) | •••• | •••• | -30.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Polycoat Electra Services (India) by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) Private Limited is audited by Naimish N. Shah & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Naimish N. Shah & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Polycoat Electra Services (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Polycoat Electra Services (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2025 | Hdfc Bank Limited | ₹1.25 Cr | Open |
| 23 Apr 2025 | Hdfc Bank Limited | ₹64 Lakh | Open |
| 02 Jan 2025 | Hdfc Bank Limited | ₹152.6 Cr | Open |
| 24 Mar 2015 | Union Bank of India | ₹7.25 Cr | Open |
| 23 Nov 2011 | Others | ₹133.64 Cr | Open |
Total charge records: 7 View all charges
Legal Cases of Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SPCS COMP) | Filed against the company by Registrar of Companies, Gujarat | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Polycoat Electra Services (India) Private Limited
Employment history and EPFO contributions of people linked to Polycoat Electra Services (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) Private Limited has 8 board changes on record since 2004: 7 appointments and 1 cessation. The latest: Rajendra Baldevbhai Patel ceased to be Director on 11 Jul 2023.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Polycoat Electra Services (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Polycoat Electra Services (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Polycoat Electra Services (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP2721M1ZH | Gujarat | Active | 01 Jul 2017 |
| 09AADCP2721M1Z9 | Uttar Pradesh | Active | 06 Nov 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Polycoat Electra Services (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Polycoat Electra Services (India) Private Limited
Polycoat Electra Services (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 21 May 2004 (22+ years old) and is registered under CIN U51505GJ2004PTC044156.
Polycoat Electra Services (India) reported revenue of ₹45.78 Cr for FY 2025 (up 67% YoY).
Polycoat Electra Services (India) has 7 current directors:
- Rajendra Baldevbhai Patel - Managing Director
- Kurang Ramchandra Panchal - Managing Director
- Praful Baldevbhai Patel - Director
- Vishal Hemantkumar Patel - Director
- Daxesh Ramchandra Panchal - Director
- Nehal Ramchandra Panchal - Director
- Diptiben Hemantkumar Patel - Director
Polycoat Electra Services (India) reported a net profit of ₹1.7 Cr (net margin 3.7%) and EBITDA of ₹2.79 Cr (EBITDA margin 6.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polycoat Electra Services (India) is 42% over three years and 33% over five years. In the latest year (FY 2025) revenue rose 67%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Polycoat Electra Services (India) is 24AADCP2721M1ZH, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AADCP2721M1Z9 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Polycoat Electra Services (India) is U51505GJ2004PTC044156. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polycoat Electra Services (India) has 1 court case on record: 1 filed against it.
Polycoat Electra Services (India) was incorporated on 21 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Polycoat Electra Services (India) by revenue are Vishwanath Equipment Private Limited, Omicron Machine Tools Private Limited, Sambeet Equipments Private Limited, Sea Stem Limited, Amtek Instruments Private Limited and 5 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution).
Rajendra Baldevbhai Patel ceased to be Director on 11 Jul 2023. Vishal Hemantkumar Patel was appointed as Director on 01 Apr 2007. Daxesh Ramchandra Panchal was appointed as Director on 21 May 2004. Polycoat Electra Services (India) has 8 board changes on record in total.