MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0059931
Suman Electric Udyogs Private Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹253.18 Cr
▲ 19% YoY
Net profit · FY 2024
₹6.88 Cr
Net margin 2.7%
EBITDA · FY 2024
₹12.98 Cr
EBITDA margin 5.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹85.51 Lakh
Issued & subscribed
Open charges
₹55.53 Cr
Satisfied ₹12.91 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
70
Provident fund records
About Suman Electric Udyogs Private Limited
Data last updated:
Suman Electric Udyogs Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online electronics retail segment of the e-commerce sector. It was incorporated on 03 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31100KA2008PTC045473. Its GSTIN is 29AALCS7281D1ZY (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹85.51 Lakh. It is led by directors including Padam Raj Ratadia and Uttamchand Ratadia.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹253.18 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹6.88 Cr (net margin 2.7%) and EBITDA of ₹12.98 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 13% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹55.53 Cr and satisfied charges of ₹12.91 Cr on record. Court records list 33 cases involving the company, including 30 filed by the company and 3 filed against it.
Suman Electric Udyogs Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0059931). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sumanblr.com.
Company details
CIN U31100KA2008PTC045473
Registration Number 045473
Incorporation Date 03 March 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0059931
Recognitions & Rankings of Suman Electric Udyogs
Contact details
Suman Electric Udyogs Private Limited's registered office is in Bangalore, Karnataka. Its website is sumanblr.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo B 70 New Municipal No 21 Pid No.21 – 40 – 21, 4th Main Road Kssidc Industrial Estate 6th Block Rajajinagar, Bangalore, Karnataka, India – 560044
- IndustryE-Commerce, Online Electronics Retail
To see the full contact details of Suman Electric Udyogs Private Limited, buy the company report.
Comprehensive company report
Suman Electric Udyogs 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
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Business activity
The main business activity of Suman Electric Udyogs is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Suman Electric Udyogs Private Limited, buy the company report.
Financials of Suman Electric Udyogs Private Limited
FY 2024 filings availableSuman Electric Udyogs Private Limited reported revenue of ₹253.18 Cr (up 19% YoY) for FY 2024.
Revenue · FY 2024
₹253.18 Cr ▲ 19%
Net profit · FY 2024
₹6.88 Cr margin 2.7%
EBITDA · FY 2024
₹12.98 Cr margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 28%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 30%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 19% growth in the latest year. EBITDA rose 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.88 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Suman Electric Udyogs Private Limited, buy the company report.
Board of directors of Suman Electric Udyogs Private Limited
Suman Electric Udyogs has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padam Raj Ratadia Also directs: Pyrogenic Engineerings (I) Private Limited | Director | 03 Mar 2008 | 18 Years 8 Months | Current |
| Uttamchand Ratadia Also directs: World Schools Private Limited | Director | 03 Mar 2008 | 18 Years 8 Months | Current |
| Manish Jain Uttam Chand Also directs: Accure Power Technologies Private Limited | Director | 06 Mar 2014 | 12 Years 8 Months | Current |
| Nitesh Ratadia | Director | 01 Jun 2018 | 8 Years 5 Months | Current |
Peer comparison
Suman Electric Udyogs Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Electronic Goods), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rohit Refrigeration Private Limited | ₹295.32 Cr (FY 2024) | 72.0% | Kolkata, West Bengal, India | |||
| Suman Electric Udyogs Private Limitedthis company | ₹253.18 Cr (FY 2024) | ₹6.88 Cr | 2.7% | 19.0% | 70 | Bangalore, Karnataka, India |
| Clarion Computers Private Limited | ₹222.07 Cr (FY 2024) | 19.0% | Kolkata, West Bengal, India | |||
| Whatnot India Private Limited | ₹214.58 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Brisk Electronics Private Limited | ₹198.76 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Tuareg Marketing Private Limited | ₹181.26 Cr (FY 2025) | 3.0% | Delhi, India |
To see the full peer comparison of Suman Electric Udyogs Private Limited, buy the company report.
Auditor
Suman Electric Udyogs Private Limited is audited by M/S BAGRECHA & SINGHVI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S BAGRECHA & SINGHVI | FY 2023 | 006339S |
Shareholding
The shareholding of Suman Electric Udyogs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Suman Electric Udyogs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹55.53 Cr
Satisfied charges
₹12.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2024 | 100985729 | The Hongkong and Shanghai Banking Corporation Limited | ₹16.5 Cr | Open | |
| 24 Feb 2022 | 100542969 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.4 Cr | Open | |
| 24 Feb 2022 | 100557898 | The Hongkong and Shanghai Banking Corporation Limited | ₹3.64 Cr | Open | |
| 20 Dec 2021 | 100557904 | The Hongkong and Shanghai Banking Corporation Limited | ₹3.64 Cr | Open | |
| 30 Apr 2019 | 100272569 | Others | ₹20 Lakh | Open |
To see the full charge records of Suman Electric Udyogs Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Suman Electric Udyogs Private Limited has 33 court cases on record: 30 filed by Suman Electric Udyogs, 3 filed against it. All cases are disposed.
Total cases
33
Filed by the company
30
Filed against the company
3
Disposed
33
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S E S Electronics India Private Ltd | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by M S Sun Electro Control Systems P Ltd and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Sri Electricals and Engineers | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Siddalingeswara Electricals | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Sinchana System Technologies | Disposed |
To see the full case history of Suman Electric Udyogs Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Suman Electric Udyogs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Suman Electric Udyogs Private Limited has a workforce of 70 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
6.06%
GST
Suman Electric Udyogs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCS7281D1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suman Electric Udyogs Private Limited, buy the company report.
Recent activity
Suman Electric Udyogs Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Prakash Chand Ratadia ceased to be Director on 14 Oct 2020.
AGM
Suman Electric Udyogs Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 16.50 Cr with Charge ID 100985729 was registered on 13 Sep 2024.
Filing
Suman Electric Udyogs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 25.00 Cr registered on 12 Feb 2014 with Charge ID 10478412 was modified on 10 Apr 2023.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 1.40 Cr with Charge ID 100542969 was registered on 24 Feb 2022.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 3.64 Cr with Charge ID 100557898 was registered on 24 Feb 2022.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 3.64 Cr with Charge ID 100557904 was registered on 20 Dec 2021.
Ceased
Prakash Chand Ratadia ceased to be Director.
Charges
A charge registered on 25 Jun 2014 via Charge ID 10527505 with Indusind Bank was fully satisfied on 20 Jun 2019.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100272569 was registered on 30 Apr 2019.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100274607 was registered on 30 Apr 2019.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100183244 was registered on 13 Jun 2018.
13 earlier events are in the company report.
Frequently asked questions
Suman Electric Udyogs is an active private limited company based in Bangalore, Karnataka, India. The company works in online electronics retail, within the e-commerce industry. It was incorporated on 03 March 2008 (18+ years old) and is registered under CIN U31100KA2008PTC045473.
Suman Electric Udyogs has 4 current directors:
- Padam Raj Ratadia - Director
- Uttamchand Ratadia - Director
- Manish Jain Uttam Chand - Director
- Nitesh Ratadia - Director
The latest financial statements of Suman Electric Udyogs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Suman Electric Udyogs is 29AALCS7281D1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Suman Electric Udyogs is U31100KA2008PTC045473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suman Electric Udyogs has 33 court cases on record: 30 filed by the company and 3 filed against it. Most are in the district courts.
Suman Electric Udyogs was incorporated on 03 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Suman Electric Udyogs by revenue are Rohit Refrigeration Private Limited, Clarion Computers Private Limited, Whatnot India Private Limited, Brisk Electronics Private Limited, Tuareg Marketing Private Limited, all in the Ecommerce and Internet industry (Electronic Goods), with the same principal business activity (wholesale trading).
Prakash Chand Ratadia ceased to be Director on 14 Oct 2020. Nitesh Ratadia was appointed as Director on 01 Jun 2018. Manish Jain Uttam Chand was appointed as Director on 06 Mar 2014. Suman Electric Udyogs has 5 board changes on record in total.
Yes, Suman Electric Udyogs is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0059931).
Suman Electric Udyogs can be reached through the website sumanblr.com. Its registered office is in Bangalore, Karnataka, India.
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