About Stelmec Limited
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Stelmec Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 29 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH2000PLC124565. Its GSTIN is 27AAECS5686B1Z8 (Maharashtra). The company holds 17 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.36 Cr. It was formerly known as Stelmec Private Limited and Stelmec (India) Private Limited. It is led by directors including Hamza Esmail Arsiwala (Managing Director) and Dolly Hamza Arsiwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 506/507 55 Corporate Avenue Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,047.3 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹68.42 Cr (net margin 6.5%) and EBITDA of ₹112.94 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 9% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Stelmec. As per MCA filings, the company has open charges of ₹447.3 Cr and satisfied charges of ₹398.75 Cr on record. Court records list 71 cases involving the company, including 18 filed by the company and 53 filed against it; 5 cases are pending. The company has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹156.31 Cr; the latest was in March 2025. Its 5 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is TTP Technologies Private Limited with revenue of ₹1,151.16 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stelmec.com.
Company details
Name history
Stelmec has undergone 2 name changes throughout its history. The company was previously known as Stelmec Private Limited, and Stelmec (India) Private Limited. The current legal name is Stelmec Limited.
| Company Name | Status |
|---|---|
| Stelmec Limited | Current |
| Stelmec Private Limited | Previous |
| Stelmec (India) Private Limited | Previous |
CIN history
Stelmec has one previous CIN (Corporate Identification Number): U31200MH2000PTC124565. The current CIN is U31200MH2000PLC124565, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200MH2000PLC124565 | Current |
| U31200MH2000PTC124565 | Previous |
Contact details
Stelmec Limited's registered office is in Mumbai, Maharashtra. Its website is stelmec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 506/507 55 Corporate Avenue Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Stelmec 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
Stelmec operates one associated brand: Stelmec. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturers of Low, Medium Voltage Switchgear and other value added power product | stelmec.com |
Business activity
The main business activities of Stelmec are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and architecture, engineering activities, technical testing and analysis activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Stelmec Limited, buy the company report.
Financials of Stelmec Limited
FY 2024 filings availableStelmec Limited reported revenue of ₹1,047.3 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 38% growth in the latest year. EBITDA rose 111% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹112.94 Cr | ||||
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| Net Profit (PAT) | ₹68.42 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | ||||
| Net Profit Margin | 6.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Stelmec Limited, buy the company report.
Board of directors of Stelmec Limited
Stelmec has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dolly Hamza Arsiwala | Whole-Time Director | 01 Mar 2005 | 21 Years 7 Months | Current |
| Hamza Esmail Arsiwala | Managing Director | 29 Feb 2000 | 26 Years 8 Months | Current |
| Nilesh Ramesh Naik Also directs: Clearview Consulting Partners LLP, Acuitas Dealassist Partners LLP | Director | 24 Jul 2025 | 1 Years 3 Months | Current |
| Amar Hamza Arsiwala | Whole-Time Director | 05 Nov 2018 | 7 Years 11 Months | Current |
| Shouvik Dineshchandra Bhattacharya | Director | 31 Jan 2025 | 1 Years 8 Months | Current |
Peer comparison
Stelmec Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| TTP Technologies Private Limited | ₹1,151.16 Cr (FY 2025) | 34.0% | Bangalore, Karnataka, India | |||
| Ge Power India Limited | ₹1,118.39 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Diamond Power Infrastructure Limited | ₹1,115.95 Cr (FY 2025) | 224.0% | Vadodara, Gujarat, India | |||
| Stelmec Limitedthis company | ₹1,047.3 Cr (FY 2025) | ₹68.42 Cr | 6.5% | 38.0% | 6 | Mumbai, Maharashtra, India |
| Microtek New Technologies Private Limited | ₹990.18 Cr (FY 2025) | 75.0% | Delhi, India | |||
| Nidec Industrial Automation India Private Limited | ₹957 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Stelmec Limited, buy the company report.
Auditor
Stelmec Limited is audited by O. K. Malpani & Company for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O. K. Malpani & Company | FY 2024 | 111793W |
Shareholding
The shareholding of Stelmec Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Stelmec Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2024 | 100897164 | Others | ₹11.93 Lakh | Open | |
| 20 Mar 2024 | 100897154 | Others | ₹11.93 Lakh | Open | |
| 20 Mar 2024 | 100897096 | Others | ₹10.93 Lakh | Open | |
| 20 Mar 2024 | 100897094 | Others | ₹11.93 Lakh | Open | |
| 19 Mar 2024 | 100897127 | Others | ₹1.81 Cr | Open |
To see the full charge records of Stelmec Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Stelmec Limited has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹156.31 Cr; the latest was in March 2025.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Secondary share transfer | Undisclosed | Buyer: Sunrise Wealth Advisors LLP , Shakun Advertising Private Limited , an individual Seller: an individual |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Shree Sigotar Metalchem Private Limited Seller: Puspanjali Trading Private Limited , Safford Mercantile Private Limited , Priority Exports Private Limited |
| Mar 2009 | Funding round | ₹4.5 Cr | Investors: Subhakamna Commercial Private Limited, Puspanjali Trading Private Limited , Safford Mercantile Private Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Platinum Hi-Tech Private Limited, Olympus Vision Private Limited, Clifton Securities Private Limited , an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Platinum Hi-Tech Private Limited Seller: Pentium Hi-Tech Private Limited |
To see the full deal history of Stelmec Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Stelmec Limited has 71 court cases on record: 18 filed by Stelmec, 53 filed against it. 5 cases are pending and 66 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 25 | 1 |
| High courts | 28 | 16 | 3 |
| NCLAT | 7 | 7 | 1 |
| NCLT | 6 | 5 | 0 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by M/S. Matrix Grating Private Limited | Pending |
| High Court | Court case (CARAP) | Filed against the company by Telecom Network Solutions Private Limited | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed against the company by Pascal Switchcare India Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S. Matrix Grating Private Limited | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Telecom Network Solutions Pvt. Ltd. | Disposed |
To see the full case history of Stelmec 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
Stelmec Limited was last rated by Brickwork on 13 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 13 Aug 2021 |
To see the full credit ratings and regulatory alerts of Stelmec Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Stelmec Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Stelmec Limited has a workforce of 6 employees on its EPFO records as of Jan 28, 2025, across 3 active EPFO establishments.
GST
Stelmec has 17 GST registrations: 16 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS5686B1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 27AAECS5686B2Z7 | Maharashtra | Active | 08 Dec 2018 |
| 27AAECS5686B3Z6 | Maharashtra | Active | 08 Mar 2019 |
| 27AAECS5686B4Z5 | Maharashtra | Active | 07 Jul 2021 |
To see the full GST registrations and return filing status of Stelmec Limited, buy the company report.
Recent activity
Stelmec Limited has 13 board changes on record since 2000: 5 appointments and 8 cessations. The latest: Nilesh Ramesh Naik ceased to be Additional Director on 29 Sep 2025.
77 earlier events are in the company report.
Frequently asked questions
Stelmec is an active public limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 29 February 2000 (26+ years old) and is registered under CIN U31200MH2000PLC124565.
Stelmec has 5 current directors:
- Hamza Esmail Arsiwala - Managing Director
- Dolly Hamza Arsiwala - Whole-Time Director
- Amar Hamza Arsiwala - Whole-Time Director
- Nilesh Ramesh Naik - Director
- Shouvik Dineshchandra Bhattacharya - Director
The latest financial statements of Stelmec on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Stelmec is 27AAECS5686B1Z8, registered in Maharashtra. The company has 17 GST registrations in all, of which 16 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAECS5686B2Z7 (Maharashtra), 27AAECS5686B3Z6 (Maharashtra), 27AAECS5686B4Z5 (Maharashtra).
The CIN (Corporate Identification Number) of Stelmec is U31200MH2000PLC124565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stelmec has 71 court cases on record: 18 filed by the company and 53 filed against it. 5 are pending. Most are in the district courts.
Stelmec was incorporated on 29 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Stelmec has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹156.31 Cr; the latest was in March 2025.
The peers of Stelmec by revenue are TTP Technologies Private Limited, Ge Power India Limited, Diamond Power Infrastructure Limited, Microtek New Technologies Private Limited, Nidec Industrial Automation India 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).
Nilesh Ramesh Naik ceased to be Additional Director on 29 Sep 2025. Nilesh Ramesh Naik was appointed as Director on 24 Jul 2025. Shouvik Dineshchandra Bhattacharya was appointed as Director on 31 Jan 2025. Stelmec has 13 board changes on record in total.
Stelmec can be reached through the website stelmec.com. Its registered office is in Mumbai, Maharashtra, India.