Elektromag Devices Profile
Key Indicators
- Authorised Capital ₹ 6.05 Cr
as on 16-11-2024
- Paid Up Capital ₹ 2.39 Cr
as on 16-11-2024
- Company Age 50 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 43.69 Cr
as on 16-11-2024
- Satisfied Charges ₹ 9.00 Cr
as on 16-11-2024
- Revenue 18.19%
(FY 2023)
- Profit -22.23%
(FY 2023)
- Ebitda 85.94%
(FY 2023)
- Net Worth 8.40%
(FY 2023)
- Total Assets 2.23%
(FY 2023)
About Elektromag Devices
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 6.05 Cr and a paid-up capital of Rs 2.39 Cr.
The company currently has active open charges totaling ₹43.69 Cr. The company has closed loans amounting to ₹9.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Navin Advani, Meena Advani, Kabir Advani, and Two other members serve as directors at the Company.
- CIN/LLPIN
U32108MH1974PTC017610
- Company No.
017610
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Jul 1974
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Elektromag Devices Private Limited offer?
Elektromag Devices Private Limited offers a wide range of products and services, including Bar, Neodymium & Permanent Magnets, Magnetic Separators, Electric Motors and Components, Industrial Motors, Lifting Magnets, Brakes & Braking Systems, Crane Brake, Cranes, Forklift & Lifting Machines, Crane Spare Parts, Switches & Switch Boxes.
Who are the key members and board of directors at Elektromag Devices?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Gulu Advani  | Managing Director | 15-Jul-1974 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Navin Advani | Director | 28-Sep-1988 | Current |
| Meena Advani | Director | 03-Jul-2014 | Current |
| Kabir Advani | Director | 01-Jun-2002 | Current |
| Ramesh Advani | Director | 21-Jul-1974 | Current |
Financial Performance of Elektromag Devices.
Elektromag Devices Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.19% increase. The company also saw a substantial fall in profitability, with a 22.23% decrease in profit. The company's net worth moved up by a moderate rise of 8.4%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Elektromag Devices?
In 2023, Elektromag Devices had a promoter holding of 93.51% and a public holding of 6.49%. The company had 2 Joint Ventures. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Elektromag-Joest Vibration Private LimitedActive 15 years 2 monthsNavin Advani, Kabir Advani and 1 more are mutual person
Advani Elektromag Private LimitedActive 44 years 4 monthsNavin Advani, Kabir Advani and 2 more are mutual person
- Elektromag-Slp Lighting Private LimitedActive 13 years 8 months
Navin Advani and Gulu Advani are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 21 Dec 2023 | ₹13.30 Cr | Open |
Others Creation Date: 08 Jul 2022 | ₹1.00 M | Open |
Others Creation Date: 28 Aug 2019 | ₹1.93 M | Open |
How Many Employees Work at Elektromag Devices?
Elektromag Devices has a workforce of 118 employees as of Jul 02, 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 Elektromag Devices, 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 Elektromag Devices'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.
_PRIVATE_LIMITED.webp){kind=small}
