Electrotherm (India) Profile
Key Indicators
- Authorised Capital ₹ 78.59 Cr
- Paid Up Capital ₹ 24.74 Cr
- Company Age 38 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5,282.15 Cr
- Satisfied Charges ₹ 3,292.21 Cr
- Revenue Growth -11.21%
- Profit Growth 40.73%
- Ebitda 75.23%
- Net Worth 6.65%
- Total Assets -1.10%
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 three 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.
Company Details
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Location
Ahmedabad, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
Industry
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shailesh Bhandari
|
Managing Director | 29-Mar-2007 | Current |
|
Suraj Bhandari
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Managing Director | 13-Nov-2019 | Current |
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Fageshkumar Soni
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Company Secretary | 01-Mar-2024 | Current |
| Harish Mukati | CEO | 04-Dec-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Nivedita Sarda
|
Director | 25-May-2018 | Current |
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Pratap Mohan
|
Director | 05-Sep-2017 | Current |
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Dinesh Mukati
|
Director | 05-Sep-2017 | Current |
Financial Performance of Electrotherm (India).
Electrotherm (India) Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 11.21% decrease. The company also saw a substantial improvement in profitability, with a 40.73% increase in profit. The company's net worth moved up by a moderate rise of 6.65%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Electrotherm (India)?
In 2022, Electrotherm (India) had a promoter holding of 31.31% and a public holding of 68.69%. The company had 5 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Shree Ram Electro Cast LimitedShailesh Bhandari is a mutual person
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Electrotherm Engineering & Projects Limited
Shailesh Bhandari is a mutual person
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Electrotherm Services Limited
Shailesh Bhandari is a mutual person
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Electrotherm Foundation
Shailesh Bhandari is a mutual person
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Mayur Uniquoters LimitedNivedita Sarda is a mutual person
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Hans Ispat LimitedShailesh Bhandari is a mutual person
Charges (Loans)
₹5,282.15 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2011 | Central Bank Of India | ₹462.86 Cr | Open |
| 18 Nov 2011 | Others | ₹200.00 Cr | Open |
| 18 Nov 2011 | Indian Overseas Bank | ₹100.00 Cr | Open |
| 12 Nov 2011 | Edelweiss Asset Reconstruction Company Limited | ₹278.47 Cr | Open |
| 24 Oct 2011 | Edelweiss Asset Reconstruction Company Limited | ₹181.00 Cr | Open |
How Many Employees Work at Electrotherm (India)?
Electrotherm (India) has a workforce of 798 employees as of Mar 30, 2024. 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.
Deals i
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
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
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.
