Sterling Generators Private Limited

Sterling Generators Private Limited - energy and power in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U99999MH1995PTC085899 Incorporated 24 February 1995 ROC Mumbai HQ Mumbai, Maharashtra, India
Merged Private Limited Company energy and power
Data last updated
Revenue · FY 2019
₹509.78 Cr
▼ 24% YoY
Net loss · FY 2019
₹18.97 Cr
Net margin -3.7%
EBITDA · FY 2019
₹24.69 Cr
EBITDA margin 4.8%
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹30 Cr
Issued & subscribed
Satisfied charges
₹217 Cr
No open charges
Company age
31 yrs
Est. 1995
Employees · EPFO
192
Provident fund records

About Sterling Generators Private Limited

Data last updated:

Sterling Generators Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Shapoorji Pallonji And Company Private Limited. 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 24 February 1995.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1995PTC085899. Its GSTIN is 27AABCC6140R1ZB (Maharashtra). The company held 10 GST registrations, of which 4 are active.

The company had an authorised share capital of ₹100 Cr and a paid-up capital of ₹30 Cr. It was formerly known as Chinsha Investments Private Limited. It was led by directors Zarine Yazdi Daruvala and Khurshed Yazdi Daruvala.

Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 10th Floor Universal Majestic P.L. Lokhande Marg Chembur., Mumbai, Maharashtra, India – 400043.

As per the financials filed for FY 2019, the company reported a revenue of ₹509.78 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹18.97 Cr (net margin -3.7%) and EBITDA of ₹24.69 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.

The company had about 192 employees on its provident fund (EPFO) records before it was dissolved.

As per MCA filings, the company had satisfied charges of ₹217 Cr on record. Court records list 18 cases involving the company, including 12 filed by the company and 5 filed against it; 3 cases are pending. The company has 12 deals on record (9 secondary share transfers, 3 funding rounds), with disclosed funding of ₹99 Cr; the latest was in February 2019. Its 10 peer companies in the Machinery and Equipment industry (Generators, Heavy Engineering) are compared by revenue, 5 larger and 5 smaller; the largest is Doosan Power Systems India Private Limited with revenue of ₹620.08 Cr.

The last known website on record is sterlinggenerators.com.

Company Details of Sterling Generators Private Limited
CIN U99999MH1995PTC085899
Registration Number 085899
Incorporation Date 24 February 1995
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Parent Company Shapoorji Pallonji And Company Private Limited
Compliance Status Active Compliant

CIN History of Sterling Generators Private Limited

Sterling Generators has one previous CIN (Corporate Identification Number): U67120MH1995PTC085899. The current CIN is U99999MH1995PTC085899, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U99999MH1995PTC085899Current
U67120MH1995PTC085899Previous
Key People
Zarine Yazdi Daruvala Director Khurshed Yazdi Daruvala Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    sterlinggenerators.com
  • Social Media
  • Registered Address
    10th Floor Universal Majestic P.L. Lokhande Marg Chembur., Mumbai, Maharashtra, India – 400043
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for Sterling Generators Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Sterling Generators Private Limited

The main business activity of Sterling Generators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Sterling Generators Private Limited FY 2019 filings available

Sterling Generators Private Limited reported revenue of ₹509.78 Cr (down 24% YoY) for FY 2019.

Revenue · FY 2019
₹509.78 Cr ▼ 24%
Net loss · FY 2019
₹18.97 Cr margin -3.7%
EBITDA · FY 2019
₹24.69 Cr margin 4.8%

Compounded Annual Growth Rate (CAGR) of Sterling Generators Private Limited

Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 12%

Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 50% 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 Sterling Generators Private Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹509.78 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹24.69 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹18.97 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 Sterling Generators Private Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin4.8%••••••••••••••••
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 Sterling Generators are in the company report.

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Financial statements from 2015

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Board of Directors of Sterling Generators Private Limited

Sterling Generators has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Zarine Yazdi Daruvala
Also directs: Delsys Infotech Private Limited, Sterling and Wilson Private Limited, Sterling and Wilson Co-Gen Solutions Private Limited and 5 more
Director02 May 200521 Years 5 MonthsAs last reported
Khurshed Yazdi Daruvala
Also directs: Delsys Infotech Private Limited, Sterling and Wilson Private Limited, Sterling and Wilson Co-Gen Solutions Private Limited and 5 more
Director02 May 200521 Years 5 MonthsAs last reported
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Peer Comparison of Sterling Generators Private Limited

Sterling Generators Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Generators, Heavy Engineering). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Doosan Power Systems India Private Limited₹620.08 Cr (FY 2025)••••••••-40.0%••••New Delhi, Delhi, India
L&T Special Steels and Heavy Forgings Private Limited₹617.85 Cr (FY 2025)••••••••22.0%••••Mumbai, Maharashtra, India
Shandong Heavy Industry India Private Limited₹596.21 Cr (FY 2024)••••••••35.0%••••Pune, Maharashtra, India
HMM Infra Limited₹578.95 Cr (FY 2025)••••••••8.0%••••Chandigarh, India
BGR Deco Consortium Private Limited₹550.49 Cr (FY 2025)••••••••-6.0%••••Kolkata, West Bengal, India
Pentair Water India Private Limited₹516.06 Cr (FY 2025)••••••••16.0%••••Goa, India
Sterling Generators Private Limited this company₹509.78 Cr (FY 2019)••••••••-24.0%••••Mumbai, Maharashtra, India
G. R. Engineering Private Limited₹508.97 Cr (FY 2025)••••••••9.0%••••Mumbai, Maharashtra, India
Sunbeam Generators Private Limited₹493.43 Cr (FY 2025)••••••••25.0%••••Chennai, Tamil Nadu, India
Kilburn Engineering Ltd Listed₹427.62 Cr (FY 2025)••••••••28.0%••••Kolkata, West Bengal, India
Disa India Limited Listed₹409.82 Cr (FY 2025)••••••••19.0%••••Malleswaram Rajajinagar Bangalore, Karnataka, India

Peers are the five companies nearest above and the five nearest below Sterling Generators by revenue in the Machinery and Equipment industry (Generators, Heavy Engineering), 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 Sterling Generators Private Limited

Sterling Generators Private Limited is audited by B S R & CO LLP for the financial year 2019.

NameStatusAppointment DateCessation Date
B S R & CO LLPLockedLockedLocked
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Ownership and Shareholding of Sterling Generators Private Limited

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Charges & Borrowings of Sterling Generators Private Limited

Open charges
None
Satisfied charges
₹217 Cr
Breakdown by lending institutions
Axis Bank Limited₹177.00 Cr
Yes Bank Limited₹40.00 Cr
Latest charge details
DateLenderAmountStatus
29 Jan 2010Yes Bank Limited₹40 CrSatisfied
03 Nov 2009Axis Bank Limited₹25 CrSatisfied
30 Oct 2009Axis Bank Limited₹32 CrSatisfied
15 Jul 2006Axis Bank Limited₹120 CrSatisfied

Total charge records: 4 View all charges

Deals & Funding of Sterling Generators Private Limited

Sterling Generators Private Limited has 12 deals on record (9 secondary share transfers, 3 funding rounds), with disclosed funding of ₹99 Cr; the latest was in February 2019.

Total deals
12
Secondary share transfers
9
Funding rounds
3
Disclosed funding
₹99 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Feb 2019Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 4 individuals
Mar 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2015Secondary share transferUndisclosedBuyer: Shapoorji Pallonji and Company Private Limited , an individual
Seller: Sterling Investment Corporation Private Limited , an individual
Jul 2008Funding round₹29 CrInvestors: Sterling Investment Corporation Private Limited , 3 individuals
Mar 2006Secondary share transferUndisclosedBuyer: Sterling Investment Corporation Private Limited
Seller: 2 individuals
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Full deal history

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Sterling Generators Private Limited

Employment history and EPFO contributions of people linked to Sterling Generators.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Sterling Generators Private Limited

Sterling Generators Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Kainaz Khurshed Daruvalla ceased to be Whole-Time Director on 22 Feb 2019.

AGM
Sterling Generators Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Sterling Generators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai.
Ceased
Kainaz Khurshed Daruvalla ceased to be Whole-Time Director.
Ceased
Jimmy Jehangir Parakh ceased to be Director.
Charges
A charge registered on 29 Jan 2010 via Charge ID 10205028 with Yes Bank Limited was fully satisfied on 08 Oct 2014.
Charges
A charge registered on 03 Nov 2009 via Charge ID 10192499 with Axis Bank Limited was fully satisfied on 19 Sep 2014.
Charges
A charge registered on 30 Oct 2009 via Charge ID 10192498 with Axis Bank Limited was fully satisfied on 19 Sep 2014.
Charges
A charge registered on 15 Jul 2006 via Charge ID 10010624 with Axis Bank Limited was fully satisfied on 19 Sep 2014.
Ceased
Khurshed Yazdi Daruvala ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 32.00 Cr registered on 30 Oct 2009 with Charge ID 10192498 was modified on 14 Oct 2010.
Charges
A charge with Axis Bank Limited of Rs. 120.00 Cr registered on 15 Jul 2006 with Charge ID 10010624 was modified on 14 Oct 2010.
Charges
A charge with Yes Bank Limited amounted to Rs. 40.00 Cr with Charge ID 10205028 was registered on 29 Jan 2010.

6 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Sterling Generators Private Limited

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MSME Payment Delays by Sterling Generators Private Limited

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Subsidiaries & Group Companies of Sterling Generators Private Limited

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GST Compliance of Sterling Generators Private Limited

Sterling Generators has 10 GST registrations: 4 active and 6 cancelled or inactive.

Total GSTINs
10
Active
4
Cancelled / inactive
6
GSTINStateStatusRegistered on
27AABCC6140R1ZBMaharashtraActive01 Jul 2017
26AABCC6140R1ZDDadra and Nagar Haveli and Daman and DiuActive01 Jul 2017
33AABCC6140R2ZHTamil NaduActive01 Jul 2017
26AABCC6140R2ZCDadra and Nagar Haveli and Daman and DiuActive11 Jul 2017
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MCA Filings & Documents of Sterling Generators Private Limited

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MCA filings and documents

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Related news about Sterling Generators Private Limited

Frequently Asked Questions about Sterling Generators Private Limited

Sterling Generators 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.

Sterling Generators was a private limited company based in Mumbai, Maharashtra, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 24 February 1995 and is registered under CIN U99999MH1995PTC085899. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Sterling Generators was incorporated on 24 February 1995. It is registered with the Registrar of Companies, Mumbai.

Sterling Generators had 2 directors:

The CIN (Corporate Identification Number) of Sterling Generators is U99999MH1995PTC085899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Sterling Generators is at 10th Floor Universal Majestic P.L. Lokhande Marg Chembur., Mumbai, Maharashtra, India – 400043.

Sterling Generators can be reached through the website sterlinggenerators.com. Its registered office is in Mumbai, Maharashtra, India.

Sterling Generators reported revenue of ₹509.78 Cr for FY 2019 (down 24% YoY).

Sterling Generators has an authorised share capital of ₹100 Cr and a paid-up capital of ₹30 Cr.

Sterling Generators reported a net loss of ₹18.97 Cr (net margin -3.7%) and EBITDA of ₹24.69 Cr (EBITDA margin 4.8%) for FY 2019, as per its filed financial statements.

The GSTIN of Sterling Generators is 27AABCC6140R1ZB, registered in Maharashtra. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 26AABCC6140R1ZD (Dadra and Nagar Haveli and Daman and Diu), 33AABCC6140R2ZH (Tamil Nadu), 26AABCC6140R2ZC (Dadra and Nagar Haveli and Daman and Diu).

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