About Starlit Power Systems Limited
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Starlit Power Systems Limited was a public limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 04 March 2008.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN L37200DL2008PLC174911. Its GSTIN is 06AALCS6944F2Z1 (Haryana). The company held 6 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (538733) has been suspended, so they do not currently trade on a stock exchange.
The company had an authorised share capital of ₹12 Cr. It was formerly known as Starlit E - Recyclers Limited and Starlit E - Recyclers Private Limited. It was led by directors including Yogesh Kumar Gupta (Managing Director) and Hari Prasad Paudel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at A – 1/51 Lgf Safdarjung Enclave, New Delhi, Delhi, India – 110029.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.91 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net loss of ₹2.33 Cr (net margin -26.2%) and EBITDA of ₹11.28 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 4% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Starlit Power Systems. As per MCA filings, the company had satisfied charges of ₹20.73 Cr on record. Court records list 19 cases involving the company, including 8 filed by the company and 11 filed against it; 4 cases are pending.
The last known website on record is starlitpower.com.
Company details
Name history
Starlit Power Systems has undergone 2 name changes throughout its history. The company was previously known as Starlit E - Recyclers Limited, and Starlit E - Recyclers Private Limited. The current legal name is Starlit Power Systems Limited.
| Company Name | Status |
|---|---|
| Starlit Power Systems Limited | Current |
| Starlit E - Recyclers Limited | Previous |
| Starlit E - Recyclers Private Limited | Previous |
CIN history
Starlit Power Systems has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L37200DL2008PLC174911, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L37200DL2008PLC174911 | Current |
| U37200DL2008PTC174911 | Previous |
| U37200DL2008PLC174911 | Previous |
Contact details
Starlit Power Systems Limited's registered office is in New Delhi, Delhi. Its website is starlitpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 1/51 Lgf Safdarjung Enclave, New Delhi, Delhi, India – 110029
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Starlit Power Systems 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
Brands
Starlit Power Systems operates one associated brand: Starlit Power Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Lead-based products are recycled, refined, manufactured, and traded. | starlitpower.com |
Business activity
The main business activity of Starlit Power Systems 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 Starlit Power Systems Limited, buy the company report.
Financials of Starlit Power Systems Limited
FY 2023 filings availableStarlit Power Systems Limited reported revenue of ₹8.91 Cr (down 51% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 51% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 103% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.28 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.33 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | -26.2% | ||||
| 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 Starlit Power Systems Limited, buy the company report.
Board of directors of Starlit Power Systems Limited
Starlit Power Systems has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamaljeet Singh Jaswal | Director | 04 Dec 2021 | 4 Years 10 Months | As last reported |
| Cherry | Director | 10 Nov 2021 | 4 Years 11 Months | As last reported |
| Nikhil Kanwar | Director | 28 Nov 2018 | 7 Years 10 Months | As last reported |
| Yogesh Kumar Gupta | Managing Director | 03 Jul 2019 | 7 Years 3 Months | As last reported |
| Hari Prasad Paudel Also directs: Starlit Finance Limited | Whole-Time Director | 31 Dec 2020 | 5 Years 9 Months | As last reported |
Peer comparison
Starlit Power Systems Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 |
|---|---|---|---|---|---|---|
| Pixel Led Private Limited | ₹8.93 Cr (FY 2025) | 74.0% | New Delhi, Delhi, India | |||
| Universal Energy Systems Private Limited | ₹8.93 Cr (FY 2024) | -18.0% | Bangalore, Karnataka, India | |||
| Starlit Power Systems Limitedthis company | ₹8.91 Cr (FY 2022) | -₹2.33 Cr | -26.2% | -51.0% | 2 | New Delhi, Delhi, India |
| Pzone Electronics Private Limited | ₹8.89 Cr (FY 2024) | 46.0% | Delhi, India |
To see the full peer comparison of Starlit Power Systems Limited, buy the company report.
Auditor
Starlit Power Systems Limited is audited by D M A R K S & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D M A R K S & ASSOCIATES | FY 2022 | 006413N |
Shareholding
The shareholding of Starlit Power Systems Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Starlit Power Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2010 | 10236212 | Punjab National Bank | ₹20.73 Cr | Satisfied |
To see the full charge records of Starlit Power Systems Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Starlit Power Systems Limited has 19 court cases on record: 8 filed by Starlit Power Systems, 11 filed against it. 4 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 10 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Advani Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (Cr Cases) | Filed by the company against NPP Energy Ltd | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by Punjab National Bank | Pending |
| District court, New Delhi, Delhi | Appeal | Filed against the company by NPP Energy Pvt Ltd and 1 other | Pending |
| District court, New Delhi, Delhi | Appeal | Filed against the company by NPP Energy Pvt. Ltd. and 1 other | Pending |
To see the full case history of Starlit Power Systems 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
Starlit Power Systems Limited was last rated by Crisil on 11 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Sep 2020 |
To see the full credit ratings and regulatory alerts of Starlit Power Systems Limited, buy the company report.
MSME payment delays
Starlit Power Systems Limited has 9 MSME Form 1 returns on record between 2019 and 2021, listing 149 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Yash Craft Packaging | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Starlit Power Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Starlit Power Systems Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Starlit Power Systems has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AALCS6944F2Z1 | Haryana | Active | 01 May 2023 |
To see the full GST registrations and return filing status of Starlit Power Systems Limited, buy the company report.
Recent activity
Starlit Power Systems Limited has 35 board changes on record since 2008: 20 appointments and 15 cessations. The latest: Khushvinder Singhal ceased to be Irp/Rp/Liquidator on 31 May 2024.
29 earlier events are in the company report.
Frequently asked questions
Starlit Power Systems has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Starlit Power Systems was a public limited company based in New Delhi, Delhi, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 04 March 2008 and is registered under CIN L37200DL2008PLC174911. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Starlit Power Systems was incorporated on 04 March 2008. It is registered with the Registrar of Companies, Delhi.
Starlit Power Systems had 5 directors:
- Yogesh Kumar Gupta - Managing Director
- Hari Prasad Paudel - Whole-Time Director
- Kamaljeet Singh Jaswal - Director
- Cherry - Director
- Nikhil Kanwar - Director
The CIN (Corporate Identification Number) of Starlit Power Systems is L37200DL2008PLC174911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starlit Power Systems is recorded as a listed company by MCA, but trading in its shares on BSE (538733) has been suspended, so they do not currently trade on a stock exchange.
The registered office of Starlit Power Systems is at A – 151 Lgf Safdarjung Enclave, New Delhi, Delhi, India – 110029.
Starlit Power Systems can be reached through the website starlitpower.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Starlit Power Systems on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Starlit Power Systems is 06AALCS6944F2Z1, registered in Haryana. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
Starlit Power Systems operated in the energy and power industry, in the power equipment manufacturers segment.
The peers of Starlit Power Systems by revenue are Pixel Led Private Limited, Universal Energy Systems Private Limited, Pzone Electronics Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).