MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0252158
The Mysore Electrical Industries Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹89.89 Cr
▲ 6% YoY
Net profit · FY 2025
₹14.13 Cr
Net margin 15.7%
EBITDA · FY 2025
₹22.66 Cr
EBITDA margin 25.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.99 Cr
Issued & subscribed
Company age
81 yrs
Est. 1945
Employees · EPFO
88
Provident fund records
Directors on board
9
As per MCA filings
About The Mysore Electrical Industries Limited
Data last updated:
The Mysore Electrical Industries Limited is a public limited state government company based in Bangalore, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 February 1945 and has been in existence for over 81 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1945SGC000367. Its GSTIN is 29AABCT1006B1Z0 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.99 Cr. It is led by directors including Anitha Channabasappa (Managing Director) and Sagadageri Beeranna Prashantkumar.
Its last annual general meeting (AGM) was held on 04 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Tumkur Road P.B.No.2221 Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹89.89 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹14.13 Cr (net margin 15.7%) and EBITDA of ₹22.66 Cr (EBITDA margin 25.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 7% over five years.
The company has about 88 employees on its provident fund (EPFO) records.
Court records list 74 cases involving the company, including 35 filed by the company and 39 filed against it; 3 cases are pending.
The Mysore Electrical Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0252158). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mei.karnataka.gov.in.
Company details
CIN U85110KA1945SGC000367
Registration Number 000367
Incorporation Date 13 February 1945
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0252158
CIN history
The Mysore Electrical Industries has one previous CIN (Corporate Identification Number): U85110KA1945PLC000367. The current CIN is U85110KA1945SGC000367, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1945SGC000367 | Current |
| U85110KA1945PLC000367 | Previous |
Key People
Anitha Channabasappa Managing Director Pankaj Kumar Pandey Nominee Director Susainathan Manohar Nominee Director Recognitions & Rankings of The Mysore Electrical Industries
Contact details
The Mysore Electrical Industries Limited's registered office is in Bangalore, Karnataka. Its website is mei.karnataka.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressTumkur Road P.B.No.2221 Bangalore, Karnataka, India – 560022
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of The Mysore Electrical Industries Limited, buy the company report.
Comprehensive company report
The Mysore Electrical Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of The Mysore Electrical Industries is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of The Mysore Electrical Industries Limited, buy the company report.
Financials of The Mysore Electrical Industries Limited
FY 2024 filings availableThe Mysore Electrical Industries Limited reported revenue of ₹89.89 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹89.89 Cr ▲ 6%
Net profit · FY 2025
₹14.13 Cr margin 15.7%
EBITDA · FY 2025
₹22.66 Cr margin 25.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▼ 8%
5 years · compounded
▲ 7%
EBITDA CAGR growth
3 years · compounded
▲ 22%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 6% growth 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 |
|---|---|---|---|---|---|
| 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 | ₹22.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.13 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.2% | ||||
| Net Profit Margin | 15.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of The Mysore Electrical Industries Limited, buy the company report.
Board of directors of The Mysore Electrical Industries Limited
The Mysore Electrical Industries has 9 current directors and 83 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Pandey Also directs: Gulbarga Electricity Supply Company Limited, Karnataka Vidyuth Karkhane Limited, Power Company of Karnataka Limited and 4 more | Nominee Director | 06 Jun 2023 | 3 Years 4 Months | Current |
| Susainathan Manohar | Nominee Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Hatrabailu Anantha Krishna Shobha Also directs: Karnataka Vidyuth Karkhane Limited, Karnataka Public Lands Corporation Limited, Mysore Paints and Varnish Limited and 3 more | Nominee Director | 03 Aug 2020 | 6 Years 2 Months | Current |
| Sagadageri Beeranna Prashantkumar | Director | 08 Oct 2024 | 2 Years 0 Months | Current |
| Hanumanthappa Jayamma Ramesh | Director | 18 Mar 2023 | 3 Years 7 Months | Current |
| Anitha Channabasappa | Managing Director | 04 Jun 2025 | 1 Years 4 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
The Mysore Electrical Industries Limited is audited by R Singhwi and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Singhwi and Associates | FY 2023 | 003870S |
Shareholding
The shareholding of The Mysore Electrical Industries 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 The Mysore Electrical Industries Limited, buy the company report.
Legal cases
The Mysore Electrical Industries Limited has 74 court cases on record: 35 filed by The Mysore Electrical Industries, 39 filed against it. 3 cases are pending and 71 are disposed.
Total cases
74
Filed by the company
35
Filed against the company
39
Pending
3
Disposed
71
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 58 | 34 | 3 |
| District courts | 14 | 5 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2903-Labour and Industrial Laws : Contract labour i.e. engagement, regularization, abolition of contract labour) | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against The Managing Director M/S Aqua Packers and Movers Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against The Managing Director M/S Aqua Packers and Movers Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Secure Meters Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Paras Power Engineering Pvt Ltd | Disposed |
To see the full case history of The Mysore Electrical Industries 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 The Mysore Electrical Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
The Mysore Electrical Industries Limited has a workforce of 88 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
88
Active EPFO establishments
1
Employee growth
-3.3%
GST
The Mysore Electrical Industries has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCT1006B1Z0 | Karnataka | Active | 01 Jul 2017 |
| 29AABCT1006B1D9 | Karnataka | Active | 05 Nov 2018 |
To see the full GST registrations and return filing status of The Mysore Electrical Industries Limited, buy the company report.
Recent activity
The Mysore Electrical Industries Limited has 95 board changes on record since 2008: 13 appointments and 82 cessations. The latest: Vishwanath Naik was appointed as Director on 23 Sep 2025.
Appointed
Vishwanath Naik was appointed as Director.
Appointed
Banavathi Narayana Sastry Satyanarayana was appointed as Director.
Ceased
Huthri Govindaiah Ramesh ceased to be Director.
Appointed
Anitha Channabasappa was appointed as Managing Director.
Ceased
Padmavati Husanappa Dhanvantari ceased to be Managing Director.
Appointed
Giridhar Kulkarni was appointed as Director.
Ceased
Rajee Jayakumar ceased to be Director.
AGM
The Mysore Electrical Industries Limited last Annual general meeting of members was held on 04 Dec 2024 as per latest MCA records.
Ceased
Basavarajaiah Kuppuralingaiah ceased to be Director.
Appointed
Kyathsandra Narasimhaiah Gangadhar was appointed as Director.
Ceased
Suranahalli Veerappa Manjunatha ceased to be Director.
Appointed
Sagadageri Beeranna Prashantkumar was appointed as Director.
86 earlier events are in the company report.
Frequently asked questions
The Mysore Electrical Industries is an active public limited state government company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 February 1945 (81+ years old) and is registered under CIN U85110KA1945SGC000367.
The Mysore Electrical Industries has 9 current directors:
- Anitha Channabasappa - Managing Director
- Pankaj Kumar Pandey - Nominee Director
- Susainathan Manohar - Nominee Director
- Hatrabailu Anantha Krishna Shobha - Nominee Director
- Sagadageri Beeranna Prashantkumar - Director
- Hanumanthappa Jayamma Ramesh - Director
- Kyathsandra Narasimhaiah Gangadhar - Director
- Banavathi Narayana Sastry Satyanarayana - Director
- Vishwanath Naik - Director
The latest financial statements of The Mysore Electrical Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 04 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of The Mysore Electrical Industries is 29AABCT1006B1Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCT1006B1D9 (Karnataka).
The CIN (Corporate Identification Number) of The Mysore Electrical Industries is U85110KA1945SGC000367. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The Mysore Electrical Industries has 74 court cases on record: 35 filed by the company and 39 filed against it. 3 are pending. Most are in the high courts.
The Mysore Electrical Industries was incorporated on 13 February 1945, making it 81+ years old. It is registered with the Registrar of Companies, Bangalore.
Vishwanath Naik was appointed as Director on 23 Sep 2025. Banavathi Narayana Sastry Satyanarayana was appointed as Director on 10 Jul 2025. Huthri Govindaiah Ramesh ceased to be Director on 10 Jul 2025. The Mysore Electrical Industries has 95 board changes on record in total.
Yes, The Mysore Electrical Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0252158).
The Mysore Electrical Industries can be reached through the website mei.karnataka.gov.in. Its registered office is in Bangalore, Karnataka, India.