MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0258635
Shashwat Electricals Private Limited
Shashwat Electricals Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.4 Cr
▼ 45% YoY
Net profit · FY 2024
₹6.2 Lakh
Net margin 4.4%
EBITDA · FY 2024
₹36.02 Lakh
EBITDA margin 25.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹133.64 Cr
Satisfied ₹2.5 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
5
Provident fund records
About Shashwat Electricals Private Limited
Data last updated:
Shashwat Electricals Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 07 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31403GJ2006PTC048859. Its GSTIN is 24AAKCS1046H1ZI (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Rajendra Baldevbhai Patel and Praful Baldevbhai Patel.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.4 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹6.2 Lakh (net margin 4.4%) and EBITDA of ₹36.02 Lakh (EBITDA margin 25.6%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 26% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹133.64 Cr and satisfied charges of ₹2.5 Cr on record.
Shashwat Electricals Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0258635). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31403GJ2006PTC048859
Registration Number 048859
Incorporation Date 07 August 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0258635
Key People
Rajendra Baldevbhai Patel Director Praful Baldevbhai Patel Director Vishal Hemantkumar Patel Director Recognitions & Rankings of Shashwat Electricals
Contact details
Shashwat Electricals Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressSiddhi House Opp. Lal Banglow B/H. Kamaldeep Flats Off. C. G. Road N, Avrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Shashwat Electricals Private Limited, buy the company report.
Comprehensive company report
Shashwat Electricals 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 activity of Shashwat Electricals is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
To see the full business activity and turnover split of Shashwat Electricals Private Limited, buy the company report.
Financials of Shashwat Electricals Private Limited
FY 2025 filings availableShashwat Electricals Private Limited reported revenue of ₹1.4 Cr (down 45% YoY) for FY 2024.
Revenue · FY 2024
₹1.4 Cr ▼ 45%
Net profit · FY 2024
₹6.2 Lakh margin 4.4%
EBITDA · FY 2024
₹36.02 Lakh margin 25.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 45%
3 years · compounded
▼ 38%
5 years · compounded
▼ 26%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 32%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 45% fall in the latest year. EBITDA fell 6% 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 |
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| EBITDA | ₹36.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.2 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 25.6% | ||||
| Net Profit Margin | 4.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shashwat Electricals Private Limited, buy the company report.
Board of directors of Shashwat Electricals Private Limited
Shashwat Electricals has 9 directors on record. No former directors are listed.
Current Directors
Showing 6 of 9 current directors. View all directors
Peer comparison
Shashwat Electricals Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K3 Power Pack Private Limited | ₹1.41 Cr (FY 2016) | 17.0% | Bangalore, Karnataka, India | |||
| Mayuka Power Products Private Limited | ₹1.41 Cr (FY 2020) | 5.0% | Bangalore, Karnataka, India | |||
| Shashwat Electricals Private Limitedthis company | ₹1.4 Cr (FY 2024) | ₹6.2 Lakh | 4.4% | -45.0% | 5 | Ahmedabad, Gujarat, India |
| Devshakti Free Electric Private Limited | ₹1.39 Cr (FY 2023) | -3.0% | New Delhi, Delhi, India |
To see the full peer comparison of Shashwat Electricals Private Limited, buy the company report.
Auditor
Shashwat Electricals Private Limited is audited by NARESH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARESH & CO | FY 2022 | 106928W |
Shareholding
The shareholding of Shashwat Electricals Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shashwat Electricals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹133.64 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2025 | 101188494 | Others | ₹133.64 Cr | Open | |
| 01 Oct 2013 | 10461953 | Union Bank of India | ₹2.5 Cr | Satisfied |
To see the full charge records of Shashwat Electricals Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Shashwat Electricals Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shashwat Electricals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shashwat Electricals Private Limited has a workforce of 5 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
25%
GST
Shashwat Electricals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS1046H1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shashwat Electricals Private Limited, buy the company report.
Recent activity
Shashwat Electricals Private Limited has 9 board changes on record since 2006: 9 appointments. The latest: Utsav Nehal Panchal was appointed as Director on 17 Jun 2019.
Charges
A charge with Others amounted to Rs. 13,364.00 Lakh with Charge ID 101188494 was registered on 03 Nov 2025.
AGM
Shashwat Electricals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shashwat Electricals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Utsav Nehal Panchal was appointed as Director.
Charges
A charge registered on 01 Oct 2013 via Charge ID 10461953 with Union Bank Of India was fully satisfied on 23 Jan 2019.
Charges
A charge with Union Bank Of India amounted to Rs. 250.00 Lakh with Charge ID 10461953 was registered on 01 Oct 2013.
Appointed
Anandkumar Jyotindrabhai Shah was appointed as Director.
Appointed
Daxesh Ramchandra Panchal was appointed as Director.
Appointed
Diptiben Hemantkumar Patel was appointed as Director.
Appointed
Kurang Ramchandra Panchal was appointed as Director.
Appointed
Nehal Ramchandra Panchal was appointed as Director.
Appointed
Praful Baldevbhai Patel was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Shashwat Electricals is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 07 August 2006 (20+ years old) and is registered under CIN U31403GJ2006PTC048859.
Shashwat Electricals has 9 current directors:
- Rajendra Baldevbhai Patel - Director
- Praful Baldevbhai Patel - Director
- Vishal Hemantkumar Patel - Director
- Utsav Nehal Panchal - Director
- Kurang Ramchandra Panchal - Director
- Daxesh Ramchandra Panchal - Director
- Nehal Ramchandra Panchal - Director
- Anandkumar Jyotindrabhai Shah - Director
- Diptiben Hemantkumar Patel - Director
The latest financial statements of Shashwat Electricals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shashwat Electricals is 24AAKCS1046H1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Shashwat Electricals is U31403GJ2006PTC048859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shashwat Electricals was incorporated on 07 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shashwat Electricals by revenue are K3 Power Pack Private Limited, Mayuka Power Products Private Limited, Devshakti Free Electric Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Utsav Nehal Panchal was appointed as Director on 17 Jun 2019. Anandkumar Jyotindrabhai Shah was appointed as Director on 07 Aug 2006. Daxesh Ramchandra Panchal was appointed as Director on 07 Aug 2006. Shashwat Electricals has 9 board changes on record in total.
Yes, Shashwat Electricals is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0258635).
The registered office of Shashwat Electricals is at Siddhi House Opp. Lal Banglow BH. Kamaldeep Flats Off. C. G. Road N, Avrangpura, Ahmedabad, Gujarat, India – 380009.
Shashwat Electricals operates in the energy and power industry, in the power equipment manufacturers segment.