About Thakor Electronics Limited
Data last updated:
Thakor Electronics Limited is a public limited company based in Thane, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 16 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32103MH2001PLC244885. Its GSTIN is 27AABCT4323M1Z7 (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Dimpal Dilip Shah (Managing Director) and Rupal Sachin Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gala No.P1 & P2 Rajlaxmi Hitech Textile Park Sonale Village Tal: Bhiwandi, Thane, Maharashtra, India – 421302.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.94 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.3 Cr (net margin 13.2%) and EBITDA of ₹4.94 Cr (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹40.47 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 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 thakorelectronics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGala No.P1 & P2 Rajlaxmi Hitech Textile Park Sonale Village Tal: Bhiwandi, Thane, Maharashtra, India – 421302
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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
Business Activity of Thakor Electronics Limited
The main business activity of Thakor Electronics is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control 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.
Financials of Thakor Electronics Limited FY 2025 filings available
Thakor Electronics Limited reported revenue of ₹24.94 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Thakor Electronics Limited
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. 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 Thakor Electronics 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 | ₹4.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.3 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 Thakor Electronics Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.2% | •••• | •••• | •••• | •••• |
| 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 Thakor Electronics 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.
Peer Comparison of Thakor Electronics Limited
Thakor Electronics Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Micrologix Embedded Controls Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Zimmer Automation Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Ecopmin Technologies Private Limited | •••• | •••• | •••• | •••• | 83 | Ambattur, Tamil Nadu, India |
| Shori Chemicals Private Limited | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| Sunlux Technovations Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Thakor Electronics Limited this company | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Inditron Enterprises Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Avit Pro Business Solutions Private Limited | •••• | •••• | •••• | •••• | - | Hyderbad, Telangana, India |
| Enviro Serve Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Tvadartham Technologies Private Limited | •••• | •••• | •••• | •••• | - | Gandhinagar, Gujarat, India |
| Keetronics (India) Private Limited | •••• | •••• | •••• | •••• | 117 | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Thakor Electronics by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Thakor Electronics Limited
Thakor Electronics Limited is audited by GAURANG VAIDH & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GAURANG VAIDH & CO. | 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 Thakor Electronics Limited
Thakor Electronics has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rupal Sachin Shah | Whole-Time Director | 01 Jun 2002 | 24 Years 4 Months | Current |
| Saryu Dilip Shah | Whole-Time Director | 16 Oct 2001 | 24 Years 11 Months | Current |
| Sachin Dilipkumar Shah | Whole-Time Director | 10 Apr 2004 | 22 Years 5 Months | Current |
| Rupal Dimpal Shah | Whole-Time Director | 01 Apr 2010 | 16 Years 6 Months | Current |
| Dimpal Dilip Shah | Managing Director | 16 Oct 2001 | 24 Years 11 Months | Current |
| Dilip Mansukhlal Shah | Whole-Time Director | 16 Oct 2001 | 24 Years 11 Months | Current |
Ownership and Shareholding of Thakor Electronics 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 Thakor Electronics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2023 | Bank of India | ₹5.5 Cr | Open |
| 27 Oct 2016 | Yes Bank Limited | ₹8.5 Cr | Satisfied |
| 21 Apr 2016 | Yes Bank Limited | ₹8.5 Cr | Satisfied |
| 16 May 2014 | Bank of India | ₹12 Lakh | Satisfied |
| 03 Sep 2012 | Bank of India | ₹6.5 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Thakor Electronics Limited
Thakor Electronics Limited has 7 court cases on record: 4 filed by Thakor Electronics, 3 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Umiya Packers Private Limited | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-2,Thane | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2, Thane | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against an individual | Disposed |
Full case history
All 7 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.
MSME Payment Delays by Thakor Electronics Limited
Thakor Electronics Limited has 4 MSME Form 1 returns on record between 2020 and 2023, listing 27 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MFR Electronic Components Private Limited | •••• | •••• | •••• |
| Kusum Enterprises Private Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Liteplus Packaging Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Thakor Electronics Limited
Thakor Electronics Limited has a workforce of 20 employees as of Apr 08, 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.
CIN History of Thakor Electronics Limited
Thakor Electronics has one previous CIN (Corporate Identification Number): U32103PN2001PLC016501. The current CIN is U32103MH2001PLC244885, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32103MH2001PLC244885 | Current |
| U32103PN2001PLC016501 | Previous |
Recent Activity on Thakor Electronics Limited
Thakor Electronics Limited has 12 board changes on record since 2001: 6 appointments and 6 cessations. The latest: Rupal Dimpal Shah ceased to be Director on 24 Mar 2015.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Thakor Electronics 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.
Subsidiaries & Group Companies of Thakor Electronics 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.
GST Compliance of Thakor Electronics Limited
Thakor Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT4323M1Z7 | Maharashtra | 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.
MCA Filings & Documents of Thakor Electronics 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.
Frequently Asked Questions about Thakor Electronics Limited
Thakor Electronics is an active public limited company based in Thane, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 16 October 2001 (25+ years old) and is registered under CIN U32103MH2001PLC244885.
Thakor Electronics reported revenue of ₹24.94 Cr for FY 2025 (down 12% YoY).
Thakor Electronics has 6 current directors:
- Dimpal Dilip Shah - Managing Director
- Rupal Sachin Shah - Whole-Time Director
- Saryu Dilip Shah - Whole-Time Director
- Sachin Dilipkumar Shah - Whole-Time Director
- Rupal Dimpal Shah - Whole-Time Director
- Dilip Mansukhlal Shah - Whole-Time Director
Thakor Electronics reported a net profit of ₹3.3 Cr (net margin 13.2%) and EBITDA of ₹4.94 Cr (EBITDA margin 19.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thakor Electronics is -4% over three years and 3% over five years. In the latest year (FY 2025) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thakor Electronics is 27AABCT4323M1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thakor Electronics is U32103MH2001PLC244885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thakor Electronics has 7 court cases on record: 4 filed by the company and 3 filed against it. Most are in the district courts.
Thakor Electronics was incorporated on 16 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Thakor Electronics by revenue are Micrologix Embedded Controls Private Limited, Zimmer Automation Private Limited, Ecopmin Technologies Private Limited, Shori Chemicals Private Limited, Sunlux Technovations Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Rupal Dimpal Shah ceased to be Director on 24 Mar 2015. Rupal Dimpal Shah was appointed as Whole-Time Director on 01 Apr 2010. Sachin Dilipkumar Shah ceased to be Director on 10 Apr 2009. Thakor Electronics has 12 board changes on record in total.
Thakor Electronics has 4 MSME Form 1 returns on record between 2020 and 2023, listing 27 overdue payments to 9 micro and small suppliers. The latest return was filed on 15 May 2023.