About Vishva Electrotech Limited
Data last updated:
Vishva Electrotech Limited was a public limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 04 February 2009.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U31501WB2009PLC132426. Its GSTIN is 19AACCV9292L1ZH (West Bengal). The company held 21 GST registrations, of which 18 are active.
The company had an authorised share capital of ₹3.6 Cr and a paid-up capital of ₹1.75 Cr. It was led by directors including Kanishk Goyal (Managing Director) and Mohit Saluja.
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 was at Unit No. 8B & 8C 8th Floor 23 Circus Avenue, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2023, the company reported a revenue of ₹355.46 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 0.5%) and EBITDA of ₹11.34 Cr (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 11% over five years.
The company had about 425 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹98.86 Cr and satisfied charges of ₹67.89 Cr on record. Court records list 172 cases involving the company, including 165 filed by the company and 7 filed against it; 81 cases are pending. The company has 14 deals on record (10 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.01 Cr; the latest was in March 2022. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 840 overdue payments to 30 micro and small suppliers.
The last known website on record is polar-india.com.
Company details
Contact details
Vishva Electrotech Limited's registered office is in Kolkata, West Bengal. Its website is polar-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 8B & 8C 8th Floor 23 Circus Avenue, Kolkata, West Bengal, India – 700017
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Vishva Electrotech 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 activities of Vishva Electrotech are trade and manufacturing. In detail, this covers wholesale trading and electrical equipment, general purpose and special purpose machinery & equipment, transport equipment. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Vishva Electrotech Limited, buy the company report.
Financials of Vishva Electrotech Limited
FY 2023 filings availableVishva Electrotech Limited reported revenue of ₹355.46 Cr (down 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 2% 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 | ₹355.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.91 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 | 3.2% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Vishva Electrotech Limited, buy the company report.
Board of directors of Vishva Electrotech Limited
Vishva Electrotech has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Saluja | Director | 16 Aug 2021 | 5 Years 2 Months | As last reported |
| Ashok Goyal Also directs: Polar Elektric Limited, Tenty Limited | Director | 28 Dec 2010 | 15 Years 9 Months | As last reported |
| Kanishk Goyal Also directs: Polar Elektric Limited, Tenty Limited | Managing Director | 01 May 2021 | 5 Years 5 Months | As last reported |
| Sunita Shah Also directs: Tenty Limited | Director | 02 May 2022 | 4 Years 5 Months | As last reported |
| Arani Guha Also directs: Polar Elektric Limited, Shyama Computronics and Services Limited, Exim Finance Ltd and 3 more | Director | 31 Mar 2023 | 3 Years 6 Months | As last reported |
Auditor
Vishva Electrotech Limited is audited by S. Jaykishan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Jaykishan | FY 2023 | 309005E |
Shareholding
The shareholding of Vishva Electrotech 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 Vishva Electrotech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2024 | 100933139 | Others | ₹6 Cr | Satisfied | |
| 28 Mar 2024 | 100889428 | Others | ₹5 Cr | Satisfied | |
| 12 Dec 2023 | 100826389 | Others | ₹6 Cr | Satisfied | |
| 10 Aug 2023 | 100757990 | Others | ₹5 Cr | Satisfied | |
| 19 Sep 2022 | 100607181 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Vishva Electrotech Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Vishva Electrotech Limited has 14 deals on record (10 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.01 Cr; the latest was in March 2022.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹90.8 Lakh | Investors: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Gurukul Retails Private Limited , Giriraj Ratan Kothari HUF, Tricky Tie Up Private Limited Seller: Ranbaxy Commodeal Private Limited, Careful Engineering Private Limited , Fantastic Hirise Private Limited , an individual |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Green Fingers (India) Private Limited , 3 individuals Seller: Pushpanjali Carriers Private Limited , Latest Projects Private Limited , Uno Infratech Private Limited |
| Oct 2014 | Rights issue | ₹8.25 Cr | Investors: Fantastic Hirise Private Limited , Ranbaxy Commodeal Private Limited, 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Concrete Consultancy Services Pvt Ltd. , Hi-Gain Consultancy Services Pvt Ltd , Human Sales Private Limited , an individual Seller: 4 individuals |
To see the full deal history of Vishva Electrotech 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
Vishva Electrotech Limited has 172 court cases on record: 165 filed by Vishva Electrotech, 7 filed against it. 81 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 135 | 3 | 77 |
| High courts | 36 | 4 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 172)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Appeal | Filed by the company against an individual | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab | Pending |
| High Court, West Bengal | Court case (CRR) | Filed against the company by an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (MS (Com)) | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Vishva Electrotech 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
Vishva Electrotech Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 840 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Dreamworld Packaging Private Limited | |||
| an individual supplier | |||
| Suraj General Engineers Pvt Ltd | |||
| Maximus Electric Pvt. Ltd. |
To see the full MSME payment records of Vishva Electrotech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vishva Electrotech Limited has a workforce of 425 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Vishva Electrotech has 21 GST registrations: 18 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCV9292L1ZH | West Bengal | Active | 01 Jul 2017 |
| 03AACCV9292L1ZU | Punjab | Active | 01 Jul 2017 |
| 04AACCV9292L1ZS | Chandigarh | Active | 01 Jul 2017 |
| 05AACCV9292L1ZQ | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vishva Electrotech Limited, buy the company report.
Recent activity
Vishva Electrotech Limited has 28 board changes on record since 2009: 5 appointments and 23 cessations. The latest: Arani Guha ceased to be Additional Director on 29 Sep 2023.
53 earlier events are in the company report.
Frequently asked questions
Vishva Electrotech has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vishva Electrotech was a public limited company based in Kolkata, West Bengal, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 04 February 2009 and is registered under CIN U31501WB2009PLC132426. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vishva Electrotech was incorporated on 04 February 2009. It is registered with the Registrar of Companies, Kolkata.
Vishva Electrotech had 5 directors:
- Kanishk Goyal - Managing Director
- Mohit Saluja - Director
- Ashok Goyal - Director
- Sunita Shah - Director
- Arani Guha - Director
The CIN (Corporate Identification Number) of Vishva Electrotech is U31501WB2009PLC132426. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vishva Electrotech is at Unit No. 8B & 8C 8th Floor 23 Circus Avenue, Kolkata, West Bengal, India – 700017.
Vishva Electrotech can be reached through the website polar-india.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Vishva Electrotech 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 Vishva Electrotech is 19AACCV9292L1ZH, registered in West Bengal. The company has 21 GST registrations in all, of which 18 are active and 3 are cancelled or inactive. Other active GSTINs include 03AACCV9292L1ZU (Punjab), 04AACCV9292L1ZS (Chandigarh), 05AACCV9292L1ZQ (Uttarakhand).
Vishva Electrotech operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
Vishva Electrotech has 14 deals on record (10 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.01 Cr; the latest was in March 2022.