Elektromag Devices Profile
Key Indicators
- Authorised Capital ₹ 6.05 Cr
- Paid Up Capital ₹ 2.39 Cr
- Company Age 50 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 43.69 Cr
- Satisfied Charges ₹ 9.00 Cr
- Revenue Growth 18.19%
- Profit Growth -22.23%
- Ebitda 85.94%
- Net Worth 8.40%
- Total Assets 2.23%
About Elektromag Devices
Elektromag Devices Private Limited (EDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 July 1974 and has a history of 50 years and seven months. Its registered office is in Mumbai, Maharashtra, India.
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.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Machinery and Equipment
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.
Elektromag Devices Private Limited
Explore comprehensive data for Elektromag Devices Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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
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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 LimitedNavin Advani, Kabir Advani and 1 more are mutual person
Advani Elektromag Private LimitedNavin Advani, Kabir Advani and 2 more are mutual person
Charges (Loans)
Open Charges
₹43.69 Cr
Satisfied Charges
₹9.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 43.00 Cr
- Others : 0.69 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2023 | State Bank Of India | ₹13.30 Cr | Open |
| 08 Jul 2022 | Others | ₹1.00 M | Open |
| 28 Aug 2019 | Others | ₹1.93 M | Open |
| 19 Aug 2019 | Others | ₹3.98 M | Open |
| 25 Nov 2010 | State Bank Of India | ₹16.29 Cr | 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.
Latest Updates, News, and FAQs on Elektromag Devices
Recent activity within the organization
- Annual General Meeting
Elektromag Devices Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Elektromag Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with State Bank Of India amounted to Rs. 13.30 Cr with Charge ID 100845479 was registered on 21 Dec 2023.
- Charges
A charge with State Bank Of India of Rs. 16.29 Cr registered on 25 Nov 2010 with Charge ID 10261806 was modified on 18 Dec 2023.
- Charges
A charge with State Bank Of India of Rs. 13.41 Cr registered on 08 Apr 1987 with Charge ID 90239206 was modified on 18 Dec 2023.
- Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100596426 was registered on 08 Jul 2022.
Frequently asked questions
What is the Incorporation or founding date of Elektromag Devices Private Limited?
Elektromag Devices Private Limited was incorporated on 15 Jul 1974.
What is authorized share capital and paid-up capital of Elektromag Devices Private Limited?
The authorized share capital of Elektromag Devices Private Limited is ₹ 6.05 Cr and paid-up capital is ₹ 2.39 Cr.
Who are the current board members & directors of Elektromag Devices Private Limited?
Currently 5 directors are associated with Elektromag Devices Private Limited.
- Navin Moti Advani
- Meena Mohansing Advani
- Kabir Ramesh Advani
- Ramesh Mohansing Advani
- Gulu Mohansing Advani
What is the registered address of Elektromag Devices Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Elektromag Devices Private Limited is 4Th Floorunique Industrial Estate Praphadevi India, Mumbai, Maharashtra, 400025.
What is the corporate identification number (CIN) and company number of Elektromag Devices Private Limited?
The corporate identification number (CIN) of Elektromag Devices Private Limited is U32108MH1974PTC017610 and the company number is 017610 as per Ministry of Corporate Affairs (MCA).
What is the official website of Elektromag Devices Private Limited?
The Official website of Elektromag Devices Private Limited is https://www.elektromag.com
What has been the recent revenue trend for Elektromag Devices Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Elektromag Devices Private Limited has risen by 18.19%.
How many employees does Elektromag Devices Private Limited currently have?
As Per 2023 financial reports, 118 employees are currently employed by Elektromag Devices Private Limited.
What change has been observed in the net worth of Elektromag Devices Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Elektromag Devices Private Limited has experienced an upsurge of 8.40%.
What are the total open charges for Elektromag Devices Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Elektromag Devices Private Limited amount to ₹ 43.69 Cr.
When was the last Balance Sheet of Elektromag Devices Private Limited filed with the ROC?
The most recent Balance Sheet for Elektromag Devices Private Limited was filed with the ROC on 31 Mar 2024.
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