About Shilchar Technologies Limited
Data last updated: 14 July 2026
Shilchar Technologies Limited is a public limited company based in Padra, Gujarat, India. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 13 January 1986, the company has been in operation for over 40 years.
Registered with ROC Ahmedabad under CIN L29308GJ1986PLC008387. Listed on BSE: 531201.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.44 Cr. Formerly known as Shilchar Electronics Private Ltd and Shilchar Electronics Ltd. It is led by directors including Rajesh Rama Varma and Aashay Alay Shah.
Last AGM: 12 August 2025. Financial statements filed for year ended 31 March 2025. Office: Block No. 460 Near Muval Sub – Station, Padra – Jambusar Highway, Gujarat, India – 391430.
As per NSE-filed standalone financials for FY 2026, the company reported a revenue of ₹651.94 Cr. The net worth stands at ₹490.85 Cr. Total assets are valued at ₹590.51 Cr.
The company has a workforce of approximately 118 employees as per the latest available data.
The company is associated with 1 brand - Shilchar. As per MCA filings, the company has open charges of ₹122 Cr and satisfied charges of ₹174.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shilchar.com.
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Registered AddressBlock No. 460 Near Muval Sub – Station, Padra – Jambusar Highway, Gujarat, India – 391430
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IndustryEnergy and Power, Power Equipment Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Shilchar Technologies Limited
Shilchar Technologies Limited has undergone 2 name changes throughout its history. The company was previously known as Shilchar Electronics Private Ltd, and Shilchar Electronics Ltd. The current legal name is Shilchar Technologies Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Shilchar Technologies Limited | Current |
| Shilchar Electronics Private Ltd | Previous |
| Shilchar Electronics Ltd | Previous |
CIN History of Shilchar Technologies Limited
Shilchar Technologies Limited has one previous CIN (Corporate Identification Number): L29308GJ1986PTC008387. The current CIN is L29308GJ1986PLC008387, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29308GJ1986PLC008387 | Current |
| L29308GJ1986PTC008387 | Previous |
Associated Brands with Shilchar Technologies Limited
Shilchar Technologies Limited operates one associated brand: Shilchar. These brands represent Shilchar Technologies Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Transformers are manufactured by Shilchar in Vadodara, India. | shilchar.com |
Business Activity of Shilchar Technologies Limited
Shilchar Technologies Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details for Shilchar Technologies Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Shilchar Technologies Limited
Shilchar Technologies Limited is audited by CNK & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| CNK & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Shilchar Technologies Limited
Shilchar Technologies Limited is currently managed by 7 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Rama Varma | Director | 08 Feb 2020 | 6 Years 6 Months | Current |
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Aashay Alay Shah
Also directs:
Ajshah Enterprise Private Limited
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Whole-Time Director | 01 Nov 2021 | 4 Years 9 Months | Current |
|
Alay Jitendra Shah
Also directs:
Ajshah Enterprise Private Limited
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Managing Director | 01 Oct 2007 | 18 Years 10 Months | Current |
| Nandini Ashish Tandon | Director | 26 Mar 2025 | 1 Years 4 Months | Current |
|
Rakesh Dhanraj Bansal
Also directs:
Raks Supplychain Solution Llp
|
Director | 06 Feb 2024 | 2 Years 6 Months | Current |
|
Arvind Narayanprasad Nopany
Also directs:
Nopany Enterprises Llp, Dan Cement Trading Llp, Greenpro Nettings Private Limited and 4 more
|
Director | 06 Mar 2026 | 0 Years 5 Months | Current |
Financials of Shilchar Technologies Limited FY 2026 filings available
Shilchar Technologies Limited reported revenue of ₹651.94 Cr for FY 2026.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹651.94 Cr |
| Other Income | ₹26.05 Cr |
| Total Income | ₹677.99 Cr |
| Cost of Materials Consumed | ₹403.65 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹86.46 Lakh |
| Employee Benefit Expense | ₹24.26 Cr |
| Finance Costs | ₹47.28 Lakh |
| Depreciation & Amortisation | ₹4.02 Cr |
| Other Expenses | ₹32.75 Cr |
| Total Expenses | ₹466.02 Cr |
| Profit Before Exceptional Items & Tax | ₹211.97 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹211.97 Cr |
| Total Tax Expense | ₹53.81 Cr |
| Net Profit | ₹158.16 Cr |
| Other Comprehensive Income | ₹15.74 Lakh |
| Total Comprehensive Income | ₹158.32 Cr |
| EBITDA (computed) | ₹216.46 Cr |
| Basic EPS | ₹138.25 |
| Diluted EPS | ₹138.25 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹590.51 Cr |
| Non-current Assets | ₹87.89 Cr |
| Current Assets | ₹502.62 Cr |
| Property, Plant & Equipment | ₹68.18 Cr |
| Inventories | ₹92.18 Cr |
| Trade Receivables | ₹153.6 Cr |
| Cash & Equivalents | ₹21.48 Cr |
| Equity (Net Worth) | ₹490.85 Cr |
| Equity Share Capital | ₹11.44 Cr |
| Borrowings (Non-current) | ₹0 |
| Borrowings (Current) | ₹0 |
| Total Debt (computed) | ₹0 |
| Current Liabilities | ₹94.76 Cr |
| Total Liabilities | ₹99.67 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | ₹192.02 Cr |
| Investing Cash Flow | -₹169.39 Cr |
| Financing Cash Flow | -₹30.96 Cr |
| Capital Expenditure | ₹148.28 Cr |
| Free Cash Flow (computed) | ₹43.74 Cr |
| Dividends Paid | ₹14.3 Cr |
| Net Change in Cash | -₹8.33 Cr |
| Metrics | Q4 FY26 | Q3 FY26 |
|---|---|---|
| Revenue from Operations | ₹151.65 Cr | ₹170.26 Cr |
| Other Income | ₹6.67 Cr | ₹6.08 Cr |
| Total Income | ₹158.32 Cr | ₹176.34 Cr |
| Cost of Materials Consumed | ₹106.54 Cr | ₹103.32 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 |
| Changes in Inventories | -₹1.16 Cr | -₹1.3 Cr |
| Employee Benefit Expense | ₹5.97 Cr | ₹6.39 Cr |
| Finance Costs | ₹9.76 Lakh | ₹17.86 Lakh |
| Depreciation & Amortisation | ₹1.01 Cr | ₹1.02 Cr |
| Other Expenses | ₹8.39 Cr | ₹9.36 Cr |
| Total Expenses | ₹120.84 Cr | ₹118.97 Cr |
| Profit Before Exceptional Items & Tax | ₹37.48 Cr | ₹57.36 Cr |
| Exceptional Items | ₹0 | ₹0 |
| Profit Before Tax | ₹37.48 Cr | ₹57.36 Cr |
| Total Tax Expense | ₹9.08 Cr | ₹15.03 Cr |
| Net Profit | ₹28.39 Cr | ₹42.34 Cr |
| Other Comprehensive Income | ₹21.57 Lakh | -₹1.95 Lakh |
| Total Comprehensive Income | ₹28.61 Cr | ₹42.32 Cr |
| EBITDA (computed) | ₹38.58 Cr | ₹58.56 Cr |
| Basic EPS | ₹24.82 | ₹37.01 |
| Diluted EPS | ₹24.82 | ₹37.01 |
Shareholding Pattern of Shilchar Technologies Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 62.12%, foreign institutional investors hold 2.55%, domestic institutional investors hold 1.91%, retail and other public shareholders hold 33.43% of Shilchar Technologies Limited. The company had 43,953 shareholders on record.
| Mar 2026 | Dec 2025 | Nov 2025 | |
|---|---|---|---|
| Promoters | 62.12% | 62.12% | 62.12% |
| Public | 37.88% | 37.88% | 37.88% |
Board & Governance of Shilchar Technologies Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Shilchar Technologies Limited has 8 directors - 5 independent and 3 executive. The board is chaired by ALAY JITENDRA SHAH.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| ALAY JITENDRA SHAH | Executive Director · MD · Chairperson | 2007-10-01 | 1 |
| RAJESH RAMA VARMA | Non-Executive - Independent Director | 2020-02-08 | 2 |
| AASHAY ALAY SHAH | Executive Director | 2021-11-01 | 1 |
| RAKESH DHANRAJ BANSAL | Non-Executive - Independent Director | 2024-02-06 | 1 |
| NANDINI ASHISH TANDON | Non-Executive - Independent Director | 2025-03-26 | 1 |
| Aatman Alay Shah | Executive Director | 2026-03-06 | 1 |
| Arvind Nopany | Non-Executive - Independent Director | 2026-03-06 | 1 |
| ZARKSIS JAHANGIR PARABIA | Non-Executive - Independent Director | 2016-03-14 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | RAJESH RAMA VARMA (Chairperson), RAKESH DHANRAJ BANSAL, NANDINI ASHISH TANDON |
| Nomination and remuneration committee | ZARKSIS JAHANGIR PARABIA (Chairperson), RAJESH RAMA VARMA, NANDINI ASHISH TANDON, Arvind Nopany (Chairperson) |
| Stakeholders Relationship Committee | RAKESH DHANRAJ BANSAL (Chairperson), ZARKSIS JAHANGIR PARABIA, NANDINI ASHISH TANDON, Arvind Nopany |
| Risk Management Committee | AASHAY ALAY SHAH (Chairperson), RAJESH RAMA VARMA, Bhargav Bhatt |
| Corporate Social Responsibility Committee | ALAY JITENDRA SHAH (Chairperson), ZARKSIS JAHANGIR PARABIA, RAKESH DHANRAJ BANSAL, RAJESH RAMA VARMA, Arvind Nopany |
Charges & Borrowings of Shilchar Technologies Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Nov 2024 | Idbi Bank Limited | ₹48 Cr | Open |
| 25 Nov 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹14 Cr | Open |
| 21 Dec 2019 | Hdfc Bank Limited | ₹50 Cr | Open |
| 25 Jun 2018 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open |
| 09 Oct 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Satisfied |
Total charge records: 15 View all charges
Employees and EPFO Compliance at Shilchar Technologies Limited
Shilchar Technologies Limited has a workforce of 118 employees as of Oct 08, 2025.
Employee and EPFO history for Shilchar Technologies Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Shilchar Technologies Limited
GST registrations and filing compliance for Shilchar Technologies Limited
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Credit Ratings, Litigation & Regulatory Alerts for Shilchar Technologies Limited
Credit ratings, litigation, and regulatory alerts for Shilchar Technologies Limited
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MSME Payment Delays by Shilchar Technologies Limited
MSME payment history for Shilchar Technologies Limited
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Subsidiaries & Group Companies of Shilchar Technologies Limited
Corporate group structure for Shilchar Technologies Limited
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MCA Filings & Documents of Shilchar Technologies Limited
MCA filings and documents for Shilchar Technologies Limited
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Recent Activity on Shilchar Technologies Limited
Recent News on Shilchar Technologies Limited
Frequently Asked Questions about Shilchar Technologies Limited
Shilchar Technologies Limited is an active public limited company in the energy and power sector based in Padra, Gujarat, India. It was incorporated on 13 January 1986 (40+ years old) and is registered under CIN L29308GJ1986PLC008387. Listed on BSE: 531201. The company has 118 employees.
Shilchar Technologies Limited reported revenue of ₹651.94 Cr for FY 2026 based on standalone NSE filings.
The current directors of Shilchar Technologies Limited are:
- Rajesh Rama Varma - Director
- Aashay Alay Shah - Whole-Time Director
- Alay Jitendra Shah - Managing Director
- Nandini Ashish Tandon - Director
- Rakesh Dhanraj Bansal - Director
- Arvind Narayanprasad Nopany - Director
- Aatman Alay Shah - Whole-Time Director
The primary industry of Shilchar Technologies Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.
Yes. Shilchar Technologies Limited is listed on BSE with code 531201.
Shilchar Technologies Limited can be reached at the registered office: Block No. 460 Near Muval Sub – Station, Padra – Jambusar Highway, Gujarat, India – 391430, or through the website shilchar.com.