Electrotherm (India) Limited

Leading manufacturer of steel melting equipment, TMT bars, DI pipes, and EVs.

1986 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Electrotherm (India) Profile

Key Indicators

  • Authorised Capital ₹ 78.59 Cr
  • Paid Up Capital ₹ 24.74 Cr
  • Company Age 38 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5,282.15 Cr
  • Satisfied Charges ₹ 3,292.21 Cr
  • Revenue Growth 38.79%
  • Profit Growth 516.68%
  • Ebitda 212.26%
  • Net Worth 30.52%
  • Total Assets 5.36%

About Electrotherm (India)

Electrotherm (India) Limited (EIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 October 1986 and has a history of 38 years and four months. Its registered office is in Ahmedabad, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526608 and on the National Stock Exchange(NSE) under ELECTHERM.

The Corporate was formerly known as Foremost Chemicals Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 78.59 Cr and a paid-up capital of Rs 24.74 Cr.

The company currently has active open charges totaling ₹5,282.15 Cr. The company has closed loans amounting to ₹3,292.21 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Electrotherm (India) Limited India are Fageshkumar Soni as COMPANY SECRETARY and Harish Mukati as Ceo. Shailesh Bhandari, Nivedita Sarda, Suraj Bhandari, and Two other members serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L29249GJ1986PLC009126

  • Company No.

    009126

  • Stock Symbol

    BSE : 526608 NSE : ELECTHERM

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 Oct 1986

  • Date of AGM

    12 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Machinery and Equipment
Engineering

What products or services does Electrotherm (India) Limited offer?

Electrotherm (India) Limited offers a wide range of products and services, including Industrial Furnaces & Ovens, Furnace Structure, Arc Furnaces, Hydraulic & Pneumatic Machines, Hydraulic Bending Machine, Process Control Systems & Equipments, Weighing Controller, Voltage & Power Stabilizers, Voltage Stabilizers, Steel & Stainless Steel Products.

Who are the key members and board of directors at Electrotherm (India)?

Executive Team (4)

NameDesignationAppointment DateStatus
Shailesh Bhandari Country flag representing In Managing Director29-Mar-2007Current
Suraj Bhandari Country flag representing In Managing Director13-Nov-2019Current
Fageshkumar Soni Country flag representing In Company Secretary01-Mar-2024Current
Harish Mukati CEO04-Dec-2024Current

Board Members (3)

NameDesignationAppointment DateStatus
Nivedita Sarda Country flag representing In Director 25-May-2018Current
Dinesh Mukati Country flag representing In Director 05-Sep-2017Current
Pratap Mohan Country flag representing In Director 05-Sep-2017Current

Financial Performance of Electrotherm (India).

Electrotherm (India) Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 38.79% increase. The company also saw a substantial improvement in profitability, with a 516.68% increase in profit. The company's net worth Soared by an impressive increase of 30.52%.

Electrotherm (India) revenue growth over time
Electrotherm (India) profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
38.79%
Revenue from Operations
38.95%
Total Assets
5.36%
Profit or Loss
516.68%
Net Worth
30.52%
EBITDA
212.26%

What is the Ownership and Shareholding Structure of Electrotherm (India)?

In 2024, Electrotherm (India) had a promoter holding of 31.04% and a public holding of 68.96%. The company had 4 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5,282.15 Cr

Satisfied Charges

₹3,292.21 Cr

Charges Breakdown by Lending Institutions

  • Others : 3937.36 Cr
  • Edelweiss Asset Reconstruction Company Limited : 577.07 Cr
  • Central Bank Of India : 462.86 Cr
  • Indian Overseas Bank : 200.00 Cr
  • Invent Assets Securitisation And Reconstruction Private Limited : 69.86 Cr
  • Others : 35.00 Cr

Latest Charge Details

DateLenderAmountStatus
29 Dec 2011Central Bank Of India₹462.86 CrOpen
18 Nov 2011Others₹200.00 CrOpen
18 Nov 2011Indian Overseas Bank₹100.00 CrOpen
12 Nov 2011Edelweiss Asset Reconstruction Company Limited₹278.47 CrOpen
24 Oct 2011Edelweiss Asset Reconstruction Company Limited₹181.00 CrOpen

How Many Employees Work at Electrotherm (India)?

Electrotherm (India) has a workforce of 904 employees as of Feb 23, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Electrotherm (India) Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Electrotherm (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Electrotherm (India)'s trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Electrotherm (India)

Recent activity within the organization

  • Director Appointment

    Harish Mukati was appointed as a Ceo was appointed as a Ceo on 04 Dec 2024 & has been associated with this company since 3 months 2 days .

  • Annual General Meeting

    Electrotherm (India) Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Electrotherm (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Fageshkumar Rameshbhai Soni was appointed as a Company Secretary was appointed as a Company Secretary on 01 Mar 2024 & has been associated with this company since 1 year 5 days .

  • Charges

    A charge registered on 03 Mar 2010 via Charge ID 10245588 with Corporation Bank was fully satisfied on 05 Jan 2024.

  • Charges

    A charge with Others of Rs. 1,082.50 Cr registered on 27 Nov 2008 with Charge ID 10133263 was modified on 05 Jan 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Electrotherm (India) Limited?

    Electrotherm (India) Limited was incorporated on 29 Oct 1986.

  • What is authorized share capital and paid-up capital of Electrotherm (India) Limited?

    The authorized share capital of Electrotherm (India) Limited is ₹ 78.59 Cr and paid-up capital is ₹ 24.74 Cr.

  • Who are the current board members & directors of Electrotherm (India) Limited?

    Currently 7 directors are associated with Electrotherm (India) Limited.

    • Shailesh Bhanwarlal Bhandari
    • Nivedita Ravindra Sarda
    • Suraj Shailesh Bhandari
    • Dinesh Shankar Mukati
    • Fageshkumar Rameshbhai Soni
    • Harish Mukati
    • Pratap Mohan

  • What is the registered address of Electrotherm (India) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Electrotherm (India) Limited is A-1 Skylark Apartment Satellite Road, India, Ahmedabad, Gujarat, 380015.

  • What is the corporate identification number (CIN) and company number of Electrotherm (India) Limited?

    The corporate identification number (CIN) of Electrotherm (India) Limited is L29249GJ1986PLC009126 and the company number is 009126 as per Ministry of Corporate Affairs (MCA).

  • Is Electrotherm (India) Limited registered with any stock exchange in India?

    Yes, Electrotherm (India) Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): ELECTHERM.

  • What is the official website of Electrotherm (India) Limited?

    The Official website of Electrotherm (India) Limited is https://www.electrotherm.com

  • What has been the recent revenue trend for Electrotherm (India) Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Electrotherm (India) Limited has risen by 38.79%.

  • How many employees does Electrotherm (India) Limited currently have?

    As Per 2024 financial reports, 904 employees are currently employed by Electrotherm (India) Limited.

  • What change has been observed in the net worth of Electrotherm (India) Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Electrotherm (India) Limited has experienced an upsurge of 30.52%.

  • What are the total open charges for Electrotherm (India) Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Electrotherm (India) Limited amount to ₹ 5,282.15 Cr.

  • When was the last Balance Sheet of Electrotherm (India) Limited filed with the ROC?

    The most recent Balance Sheet for Electrotherm (India) Limited was filed with the ROC on 31 Mar 2024.

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