About Suyog Electricals Limited
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Suyog Electricals Limited is a public limited company based in Vadodara, 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, Vadodara, 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 20 cases involving the company, including 6 filed by the company and 14 filed against it. The company has 14 deals on record (11 secondary share transfers, 3 funding rounds), with disclosed funding of ₹69 Lakh; the latest was in March 2024. The company has 4 MSME Form 1 returns on record between 2020 and 2023, listing 72 overdue payments to 17 micro and small suppliers.
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.
Company details
CIN history
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 |
Contact details
Suyog Electricals Limited's registered office is in Vadodara, Gujarat. Its website is seplcables.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address24 Arunoday Societymadhuvan Apartment Alkapuri, Vadodara, Gujarat, India – 390007
- IndustryManufacturing, Cable & Wire
To see the full contact details of Suyog Electricals 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
Business activity
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 | 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 Suyog Electricals Limited, buy the company report.
Financials of Suyog Electricals Limited
FY 2024 filings availableSuyog Electricals Limited reported revenue of ₹439.78 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹44.56 Cr | ||||
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| Net Profit (PAT) | ₹26.81 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 | 10.1% | ||||
| Net Profit Margin | 6.1% | ||||
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To see the full financial statements and ratios of Suyog Electricals Limited, buy the company report.
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 | 30 Years 0 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 4 Months | Current |
Auditor
Suyog Electricals Limited is audited by JHS ASSOCIATES & LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHS ASSOCIATES & LLP | FY 2024 | 133288W/W100099 |
Shareholding
The shareholding of Suyog Electricals 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 Suyog Electricals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2024 | 100897344 | Axis Bank Limited | ₹27 Cr | Open | |
| 30 Dec 2023 | 100852578 | Axis Bank Limited | ₹132 Cr | Open | |
| 02 Dec 2021 | 100511487 | Others | ₹49 Lakh | Open | |
| 26 Nov 2021 | 100511478 | Others | ₹92 Lakh | Open | |
| 26 Nov 2021 | 100511485 | Others | ₹16 Lakh | Open |
To see the full charge records of Suyog Electricals Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Suyog Electricals Limited has 14 deals on record (11 secondary share transfers, 3 funding rounds), with disclosed funding of ₹69 Lakh; the latest was in March 2024.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
To see the full deal history of Suyog Electricals 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
Suyog Electricals Limited has 20 court cases on record: 6 filed by Suyog Electricals, 14 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 10 | 0 |
| High courts | 6 | 4 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Limited and 2 others | Disposed |
| High Court, GUJARAT | Court case (OJA) | Filed against the company by Apex Electricals Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (SMCST) | Filed by the company against Nirma Ltd | Disposed |
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed by the company against Nirma Ltd | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Apex Electricals Ltd. | Disposed |
To see the full case history of Suyog Electricals 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
Suyog Electricals Limited was last rated by Crisil on 07 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 Aug 2020 |
To see the full credit ratings and regulatory alerts of Suyog Electricals Limited, buy the company report.
MSME payment delays
Suyog Electricals Limited has 4 MSME Form 1 returns on record between 2020 and 2023, listing 72 overdue payments to 17 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 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avsl Industries Limited | |||
| an individual supplier | |||
| M. J. Timbers | |||
| MD Control Systems | |||
| Ashok Pack-Tech Private Limited |
To see the full MSME payment records of Suyog Electricals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Suyog Electricals Limited has a workforce of 166 employees on its EPFO records as of Nov 06, 2024, across 1 active EPFO establishment.
GST
Suyog Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS9412R1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suyog Electricals Limited, buy the company report.
Recent activity
Suyog Electricals Limited has 13 board changes on record since 1988: 5 appointments and 8 cessations. The latest: Bharat Dhirajlal Mehta was appointed as Director Appointed In Casual Vacancy on 13 Jun 2025.
21 earlier events are in the company report.
Frequently asked questions
Suyog Electricals is an active public limited company based in Vadodara, 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 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
The latest financial statements of Suyog Electricals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 September 2024. Year-wise statements from 2015 are in the company report.
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 20 court cases on record: 6 filed by the company and 14 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.
Suyog Electricals has 14 deals on record (11 secondary share transfers, 3 funding rounds), with disclosed funding of ₹69 Lakh; the latest was in March 2024.
Bharat Dhirajlal Mehta was appointed as Director Appointed In Casual Vacancy on 13 Jun 2025. Anil Ganesh Navangul ceased to be Director on 24 Sep 2020. Ashwinbhai Kantilal Shah ceased to be Director on 24 Sep 2020. Suyog Electricals has 13 board changes on record in total.
Suyog Electricals has 4 MSME Form 1 returns on record between 2020 and 2023, listing 72 overdue payments to 17 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Suyog Electricals can be reached through the website seplcables.com. Its registered office is in Vadodara, Gujarat, India.