MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-23-0006074
Vir Electro Engineering Private Limited - engineering in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.19 Cr
▼ 75% YoY
Net loss · FY 2023
₹1.22 Cr
Net margin -17%
EBITDA · FY 2023
₹2.64 Cr
EBITDA margin 36.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹82.1 Cr
Satisfied ₹19.14 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
69
Provident fund records
About Vir Electro Engineering Private Limited
Data last updated:
Vir Electro Engineering Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 04 February 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32200MH1988PTC046104. Its GSTIN is 27AAACV7788B2Z1 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Saraswati Shivaji Dalvi and Mahesh Govardhan Bagla (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at X – 1 – 11 Midcambad, Nashik, Maharashtra, India – 422010.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.19 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹1.22 Cr (net margin -17%) and EBITDA of ₹2.64 Cr (EBITDA margin 36.7%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 33% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SME Business Services. As per MCA filings, the company has open charges of ₹82.1 Cr and satisfied charges of ₹19.14 Cr on record. Court records list 27 cases involving the company, including 12 filed by the company and 16 filed against it; 14 cases are pending.
Vir Electro Engineering Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0006074). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virelectro.com.
Company details
CIN U32200MH1988PTC046104
Registration Number 046104
Incorporation Date 04 February 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-23-0006074
Key People
Saraswati Shivaji Dalvi Director Mahesh Govardhan Bagla Irp/Rp/Liquidator Santosh Shivaji Dalvi Director Recognitions & Rankings of Vir Electro Engineering
Contact details
Vir Electro Engineering Private Limited's registered office is in Nashik, Maharashtra. Its website is virelectro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressX – 1 – 11 Midcambad, Nashik, Maharashtra, India – 422010
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Vir Electro Engineering Private Limited, buy the company report.
Comprehensive company report
Vir Electro Engineering Private 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
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Brands
Vir Electro Engineering operates one associated brand: SME Business Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies major auto components to OEMs, focusing on quality and reliability. | sme.in |
Business activity
The main business activity of Vir Electro Engineering is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Vir Electro Engineering Private Limited, buy the company report.
Financials of Vir Electro Engineering Private Limited
FY 2023 filings availableVir Electro Engineering Private Limited reported revenue of ₹7.19 Cr (down 75% YoY) for FY 2023.
Revenue · FY 2023
₹7.19 Cr ▼ 75%
Net loss · FY 2023
₹1.22 Cr margin -17%
EBITDA · FY 2023
₹2.64 Cr margin 36.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 75%
3 years · compounded
▼ 44%
5 years · compounded
▼ 33%
EBITDA CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 28%
5 years · compounded
▼ 10%
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 75% fall in the latest year. EBITDA fell 42% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.22 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.7% | ||||
| Net Profit Margin | -17% | ||||
| 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 Vir Electro Engineering Private Limited, buy the company report.
Board of directors of Vir Electro Engineering Private Limited
Vir Electro Engineering has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saraswati Shivaji Dalvi | Director | 14 Apr 1995 | 31 Years 6 Months | Current |
| Mahesh Govardhan Bagla Also directs: Made Easy Corporate Consultants Private Limited | Irp/Rp/Liquidator | 16 Dec 2024 | 1 Years 10 Months | Current |
| Santosh Shivaji Dalvi | Director | 14 Apr 1999 | 27 Years 6 Months | Current |
Auditor
Vir Electro Engineering Private Limited is audited by PATEL KALANTRI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL KALANTRI & ASSOCIATES | FY 2023 | 112273W |
Shareholding
The shareholding of Vir Electro Engineering Private 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 Vir Electro Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹82.1 Cr
Satisfied charges
₹19.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2023 | 100704332 | Others | ₹5 Cr | Open | |
| 21 Feb 2023 | 100715348 | Others | ₹5 Cr | Open | |
| 18 Jun 2021 | 100453766 | Others | ₹60 Lakh | Open | |
| 12 Jun 2020 | 100342852 | Others | ₹1.5 Cr | Open | |
| 16 Aug 2018 | 100213403 | Others | ₹25 Cr | Open |
To see the full charge records of Vir Electro Engineering Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Vir Electro Engineering Private Limited has 27 court cases on record: 12 filed by Vir Electro Engineering, 16 filed against it. 14 cases are pending and 13 are disposed.
Total cases
27
Filed by the company
12
Filed against the company
16
Pending
14
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 14 | 14 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Yes Bank Ltd Through Poa Priya Bhange | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Mahavir Steel Industries Ltd | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by Arora Ferros Pvt.Ltd., THR. Shagun Surindarakumar Arora | Pending |
| District court, Nashik, Maharashtra | Arbitration matter | Filed by the company against Apex Seven Services Pvt Ltd. Suresh Didmeshe | Pending |
| Bombay High Court | Court case (COMFA) | Filed against the company by Sizer Metals Private Limited | Disposed |
To see the full case history of Vir Electro Engineering Private 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
Vir Electro Engineering Private Limited was last rated by Icra on 19 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 19 Nov 2020 |
To see the full credit ratings and regulatory alerts of Vir Electro Engineering Private Limited, buy the company report.
MSME payment delays
Vir Electro Engineering Private Limited has 15 MSME Form 1 returns on record between 2018 and 2022, listing 2,019 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jenith Technocast Private Limited | |||
| Samarth R K Paint & Coatings | |||
| Grand Polycoats Company Private Limited | |||
| Santosh Trading Co. | |||
| Sunny Industrial Sales Private Limited |
To see the full MSME payment records of Vir Electro Engineering Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vir Electro Engineering Private Limited has a workforce of 69 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
69
Active EPFO establishments
1
Employee growth
-44.35%
GST
Vir Electro Engineering has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV7788B2Z1 | Maharashtra | Active | 19 Dec 2024 |
To see the full GST registrations and return filing status of Vir Electro Engineering Private Limited, buy the company report.
Recent activity
Vir Electro Engineering Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Mahesh Govardhan Bagla was appointed as Irp/Rp/Liquidator on 16 Dec 2024.
Appointed
Mahesh Govardhan Bagla was appointed as Irp/Rp/Liquidator.
AGM
Vir Electro Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Ceased
Pradip Bharamgonda Patil ceased to be Additional Director.
Filing
Vir Electro Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Charges
A charge with Others of Rs. 5.00 Cr registered on 17 Mar 2023 with Charge ID 100704332 was modified on 21 Mar 2023.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100704332 was registered on 17 Mar 2023.
Charges
A charge with Others of Rs. 5.00 Cr registered on 21 Feb 2023 with Charge ID 100715348 was modified on 17 Mar 2023.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100715348 was registered on 21 Feb 2023.
Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100453766 was registered on 18 Jun 2021.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100342852 was registered on 12 Jun 2020.
Charges
A charge with Others of Rs. 25.00 Cr registered on 16 Aug 2018 with Charge ID 100213403 was modified on 31 Jul 2019.
Charges
A charge with Others of Rs. 25.00 Cr registered on 16 Aug 2018 with Charge ID 100212866 was modified on 05 Feb 2019.
24 earlier events are in the company report.
Frequently asked questions
Vir Electro Engineering is an active private limited company based in Nashik, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 04 February 1988 (38+ years old) and is registered under CIN U32200MH1988PTC046104.
Vir Electro Engineering has 3 current directors:
- Saraswati Shivaji Dalvi - Director
- Santosh Shivaji Dalvi - Director
- Mahesh Govardhan Bagla - Irp/Rp/Liquidator
The latest financial statements of Vir Electro Engineering on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Vir Electro Engineering is 27AAACV7788B2Z1, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vir Electro Engineering is U32200MH1988PTC046104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vir Electro Engineering has 27 court cases on record: 12 filed by the company and 16 filed against it. 14 are pending. Most are in the district courts.
Vir Electro Engineering was incorporated on 04 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahesh Govardhan Bagla was appointed as Irp/Rp/Liquidator on 16 Dec 2024. Pradip Bharamgonda Patil ceased to be Additional Director on 01 Aug 2023. Shivaji Balbhim Dalvi ceased to be Director on 28 Dec 2013. Vir Electro Engineering has 5 board changes on record in total.
Yes, Vir Electro Engineering is registered as a small enterprise under Udyam registration (number: UDYAM-MH-23-0006074).
Vir Electro Engineering has 15 MSME Form 1 returns on record between 2018 and 2022, listing 2,019 overdue payments to 80 micro and small suppliers. The latest return was filed on 24 May 2022.
Vir Electro Engineering can be reached through the website virelectro.com. Its registered office is in Nashik, Maharashtra, India.