About Torrent Electricals Limited
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Torrent Electricals Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Power Limited. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 23 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31904GJ2019PLC110468. Its GSTIN is 24AAHCT5675Q1ZI (Gujarat).
The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹210 Cr. It was formerly known as Tcl Cables Private Limited. It is led by directors including Luna Tapan Pal and Varun Sudhir Mehta.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹747.54 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹12.92 Cr (net margin -1.7%) and EBITDA of ₹39.44 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 656% over five years.
As per MCA filings, the company has open charges of ₹891 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in October 2024. Its 6 peer companies in the Manufacturing industry (Power Cables), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 4 smaller; the largest is Thermo Cables Ltd. with revenue of ₹861.34 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 6 overdue payments to 5 micro and small suppliers.
For more details, the company can be reached via its website torrentpower.com.
Company details
CIN history
Torrent Electricals has one previous CIN (Corporate Identification Number): U31904GJ2019PTC110468. The current CIN is U31904GJ2019PLC110468, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31904GJ2019PLC110468 | Current |
| U31904GJ2019PTC110468 | Previous |
Contact details
Torrent Electricals Limited's registered office is in Ahmedabad, Gujarat. Its website is torrentpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Plug Point Building, Aec Cross Road Sola Road, Ahmedabad, Gujarat, India – 380013
- IndustryManufacturing, Cable & Wire
To see the full contact details of Torrent 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 Torrent 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 Torrent Electricals Limited, buy the company report.
Financials of Torrent Electricals Limited
FY 2025 filings availableTorrent Electricals Limited reported revenue of ₹747.54 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 656% over five years, including 13% 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 |
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| EBITDA | ₹39.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.92 Cr | ||||
| Balance Sheet | |||||
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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 | 5.3% | ||||
| Net Profit Margin | -1.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Torrent Electricals Limited, buy the company report.
Board of directors of Torrent Electricals Limited
Torrent Electricals has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Luna Tapan Pal Also directs: Torrent Gas Jaipur Private Limited, Torrent Gas Chennai Private Limited, Gujarat Lease Financing Limited and 5 more | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
| Varun Sudhir Mehta | Director | 23 Oct 2019 | 7 Years 0 Months | Current |
| Jayesh Narendrakumar Desai Also directs: Dholpur CGD Private Limited, Torrent Power Services Private Limited, Torrent Gas Jaipur Private Limited and 4 more | Director | 23 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Torrent Electricals Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Power Cables), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thermo Cables Ltd. | ₹861.34 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Cords Cable Industries Limited | ₹798.49 Cr (FY 2025) | 26.0% | New Delhi, Delhi, India | |||
| Torrent Electricals Limitedthis company | ₹747.54 Cr (FY 2025) | -₹12.92 Cr | -1.7% | 13.0% | Ahmedabad, Gujarat, India | |
| Gloster Cables Limited | ₹734.11 Cr (FY 2025) | 5.0% | Secunderabad, Telangana, India | |||
| Birla Cable Limited | ₹664.76 Cr (FY 2025) | -5.0% | Rewa, Madhya Pradesh, India | |||
| Terminal Technologies (India) Pvt Ltd | ₹617.92 Cr (FY 2025) | 53.0% | Mumbai, Maharashtra, India | |||
| Prose Technologies India Private Limited | ₹591.34 Cr (FY 2025) | 2.0% | Khed, Maharashtra, India |
To see the full peer comparison of Torrent Electricals Limited, buy the company report.
Auditor
Torrent Electricals Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Torrent 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 Torrent Electricals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2025 | 101078196 | Others | ₹541 Cr | Open | |
| 21 Mar 2025 | 101078198 | Others | ₹200 Cr | Open | |
| 15 Jul 2023 | 100759041 | Axis Bank Limited | ₹150 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Torrent Electricals Limited has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in October 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: Torrent Investments Limited Seller: Torrent Power Limited |
| Nov 2023 | Rights issue | ₹168 Cr | Investors: Torrent Investments Limited , Torrent Power Limited |
| Nov 2021 | Rights issue | ₹40 Cr | Investors: Torrent Power Limited |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Torrent Power Limited Seller: Torrent Solargen Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Torrent Electricals Limited has 2 court cases on record: 2 filed by Torrent Electricals. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Shapoorji Pallonji and Company Privatelimited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 5 others | Disposed |
To see the full case history of Torrent 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.
MSME payment delays
Torrent Electricals Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pioneer Fabreels | |||
| an individual supplier | |||
| Shree Sahajanand Translinks | |||
| Geetha Hospitality Services Private Limited |
To see the full MSME payment records of Torrent Electricals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Torrent Electricals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCT5675Q1ZI | Gujarat | Active | 07 Jan 2020 |
To see the full GST registrations and return filing status of Torrent Electricals Limited, buy the company report.
Recent activity
Torrent Electricals Limited has 7 board changes on record since 2019: 3 appointments and 4 cessations. The latest: Luna Tapan Pal was appointed as Director on 10 Sep 2024.
1 earlier event is in the company report.
News
Frequently asked questions
Torrent Electricals is an active public limited company based in Ahmedabad, Gujarat, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 23 October 2019 (7+ years old) and is registered under CIN U31904GJ2019PLC110468.
Torrent Electricals has 3 current directors:
- Luna Tapan Pal - Director
- Varun Sudhir Mehta - Director
- Jayesh Narendrakumar Desai - Director
The latest financial statements of Torrent Electricals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Torrent Electricals is 24AAHCT5675Q1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Torrent Electricals is U31904GJ2019PLC110468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torrent Electricals has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Torrent Electricals was incorporated on 23 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Torrent Electricals has 4 deals on record (2 rights issues, 2 secondary share transfers); the latest was in October 2024.
The peers of Torrent Electricals by revenue are Thermo Cables Ltd, Cords Cable Industries Limited, Gloster Cables Limited, Birla Cable Limited, Terminal Technologies (India) Pvt Ltd and 1 more, all in the Manufacturing industry (Power Cables), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Luna Tapan Pal was appointed as Director on 10 Sep 2024. Luna Tapan Pal ceased to be Additional Director on 10 Sep 2024. Jayesh Narendrakumar Desai was appointed as Director on 23 Oct 2023. Torrent Electricals has 7 board changes on record in total.
Torrent Electricals has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Oct 2021.
Torrent Electricals can be reached through the website torrentpower.com. Its registered office is in Ahmedabad, Gujarat, India.