About Suyog Electricals Limited
Data last updated:
Suyog Electricals Limited is a public limited company based in Baroda, Gujarat, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 23 December 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ1982PLC005777. Its GSTIN is 24AACCS9412R1ZV (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.17 Cr. It was formerly known as Suyog Electricals Private Limited. It is led by directors including Bimal Desai (Managing Director) and Toshal Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 05 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 24 Arunoday Societymadhuvan Apartment Alkapuri, Baroda, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹439.78 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹26.81 Cr (net margin 6.1%) and EBITDA of ₹44.56 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 11% over five years.
The company has about 166 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹309.1 Cr and satisfied charges of ₹10 Cr on record. Court records list 17 cases involving the company, including 6 filed by the company and 8 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seplcables.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address24 Arunoday Societymadhuvan Apartment Alkapuri, Baroda, Gujarat, India – 390007
- IndustryManufacturing, Cable & Wire
- 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
- One PDF report, delivered after checkout
CIN History of Suyog Electricals Limited
Suyog Electricals has one previous CIN (Corporate Identification Number): U31909GJ1982PTC005777. The current CIN is U31909GJ1982PLC005777, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909GJ1982PLC005777 | Current |
| U31909GJ1982PTC005777 | Previous |
Business Activity of Suyog Electricals Limited
The main business activity of Suyog Electricals is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Suyog Electricals Limited
Suyog Electricals Limited is audited by JHS ASSOCIATES & LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JHS ASSOCIATES & LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Suyog Electricals Limited
Suyog Electricals has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purvi Samir Patel | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Toshal Desai Also directs: Suyog Foundation | Whole-Time Director | 16 Oct 1996 | 29 Years 11 Months | Current |
| Ashwinbhai Kantilal Shah Also directs: Gujarat Containers Ltd, Swastika Castal Ltd | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Bimal Desai Also directs: Suyog Foundation | Managing Director | 02 Oct 1988 | 38 Years 0 Months | Current |
| Bharat Dhirajlal Mehta Also directs: Swastika Castal Ltd, Jbtrivedi Hospitality Private Limited, Medinovai Private Limited and 3 more | Director Appointed In Casual Vacancy | 13 Jun 2025 | 1 Years 3 Months | Current |
Financials of Suyog Electricals Limited FY 2024 filings available
Suyog Electricals Limited reported revenue of ₹439.78 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Suyog Electricals Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 15% growth in the latest year. EBITDA rose 30% 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 Suyog Electricals Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹44.56 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.81 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 Suyog Electricals Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.1% | •••• | •••• | •••• | •••• |
| 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 Suyog Electricals are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Suyog Electricals Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Suyog Electricals Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Mar 2024 | Axis Bank Limited | ₹27 Cr | Open |
| 30 Dec 2023 | Axis Bank Limited | ₹132 Cr | Open |
| 02 Dec 2021 | Others | ₹49 Lakh | Open |
| 26 Nov 2021 | Others | ₹92 Lakh | Open |
| 26 Nov 2021 | Others | ₹16 Lakh | Open |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Suyog Electricals Limited
Suyog Electricals Limited has a workforce of 166 employees as of Nov 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Suyog Electricals Limited
Suyog Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS9412R1ZV | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Suyog Electricals Limited
Suyog Electricals Limited has 17 court cases on record: 6 filed by Suyog Electricals, 8 filed against it, 3 where it is another party. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 5 | 0 |
| High courts | 6 | 3 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (OJA) | Filed against the company by Apex Electricals Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed by the company against Nirma Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (SMCST) | Filed by the company against Nirma Limited | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company against Apex Electricals Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
Full case history
All 17 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Suyog Electricals Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Suyog Electricals Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Suyog Electricals Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Suyog Electricals Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Suyog Electricals Limited
Frequently Asked Questions about Suyog Electricals Limited
Suyog Electricals is an active public limited company based in Baroda, Gujarat, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 23 December 1982 (44+ years old) and is registered under CIN U31909GJ1982PLC005777.
Suyog Electricals reported revenue of ₹439.78 Cr for FY 2025 (up 15% YoY).
Suyog Electricals has 5 current directors:
- Bimal Desai - Managing Director
- Toshal Desai - Whole-Time Director
- Purvi Samir Patel - Director
- Ashwinbhai Kantilal Shah - Director
- Bharat Dhirajlal Mehta - Director Appointed In Casual Vacancy
Suyog Electricals reported a net profit of ₹26.81 Cr (net margin 6.1%) and EBITDA of ₹44.56 Cr (EBITDA margin 10.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Suyog Electricals is 30% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Suyog Electricals is 24AACCS9412R1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Suyog Electricals is U31909GJ1982PLC005777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suyog Electricals has 17 court cases on record: 6 filed by the company and 8 filed against it. Most are in the district courts.
Suyog Electricals was incorporated on 23 December 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.