Maharashtra Electronics Corporation Limited

Promotes and develops electronics industry in Maharashtra, supplies raw materials and infrastructure for industry.

1978 | Mumbai, Maharashtra (India) | Active
Last Updated:

Maharashtra Electronics Corporation Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 9.69 Cr
  • Company Age 47 Year, 2 Months
  • Last Filing with ROC 31 Mar 2017
  • Satisfied Charges ₹ 74.18 Cr
  • Revenue Growth -42.22%
  • Profit Growth -111.38%
  • Ebitda -103.54%
  • Net Worth -13.11%
  • Total Assets -6.49%

About Maharashtra Electronics Corporation

Maharashtra Electronics Corporation Limited (MECL) is a Public Limited State Government Company incorporated in India on 12 January 1978 and has a history of 47 years and two months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Consumer Electronics & Durables Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2017. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 9.69 Cr.

The company has closed loans amounting to ₹74.18 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Viswanath Giriraj, Avinash Dhakane, Avinash Subhedar, and One other member 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

    U32100MH1978SGC020075

  • Company No.

    020075

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    12 Jan 1978

  • Date of AGM

    30 Sep 2017

  • Date of Balance Sheet

    31 Mar 2017

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Consumer Electronics & Durables

Who are the key members and board of directors at Maharashtra Electronics Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Viswanath Giriraj Country flag representing In Managing Director28-Jun-2007Current
Avinash Subhedar Country flag representing In Managing Director28-Jun-2019Current

Board Members (2)

NameDesignationAppointment DateStatus
Avinash Dhakane Country flag representing In Director 05-Dec-2015Current
Popat Malikner Country flag representing In Nominee Director 12-Jun-2018Current

Financial Performance of Maharashtra Electronics Corporation.

Maharashtra Electronics Corporation Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 42.22% decrease. The company also saw a substantial fall in profitability, with a 111.38% decrease in profit. The company's net worth observed a substantial decline by a decrease of 13.11%.

Maharashtra Electronics Corporation revenue growth over time
Maharashtra Electronics Corporation 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
-42.22%
Revenue from Operations
Total Assets
-6.49%
Profit or Loss
-111.38%
Net Worth
-13.11%
EBITDA
-103.54%

What is the Ownership and Shareholding Structure of Maharashtra Electronics Corporation?

In 2017, Maharashtra Electronics Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹74.18 Cr

Charges Breakdown by Lending Institutions

  • Indian Bank : 69.99 Cr
  • State Bank Of India : 2.87 Cr
  • The State Industrial & Investment Corpn. Of Mah. Ltd : 1.32 Cr

Latest Charge Details

DateLenderAmountStatus
15 Jan 1997Indian Bank₹29.64 CrSatisfied
25 Jan 1996Indian Bank₹8.58 CrSatisfied
25 Jan 1996Indian Bank₹6.27 CrSatisfied
14 Feb 1994The State Industrial & Investment Corpn. Of Mah. Ltd₹1.32 CrSatisfied
03 May 1990Indian Bank₹25.50 CrSatisfied

How Many Employees Work at Maharashtra Electronics Corporation?

Unlock and access historical data on people associated with Maharashtra Electronics Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Maharashtra Electronics Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Electronics Corporation, 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 Maharashtra Electronics Corporation'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 Maharashtra Electronics Corporation

Recent activity within the organization

  • Director Appointment

    Avinash Jagannath Subhedar was appointed as a Managing Director was appointed as a Managing Director on 28 Jun 2019 & has been associated with this company since 5 years 9 months .

  • Director Appointment

    Popat Dada Malikner was appointed as a Nominee Director was appointed as a Nominee Director on 12 Jun 2018 & has been associated with this company since 6 years 9 months .

  • Annual General Meeting

    Maharashtra Electronics Corporation Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records.

  • Balance Sheet

    Maharashtra Electronics Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.

  • Director Appointment

    Avinash Kondiba Dhakane was appointed as a Director was appointed as a Director on 05 Dec 2015 & has been associated with this company since 9 years 3 months .

  • Charges

    A charge registered on 20 Jan 1989 via Charge ID 90185413 with State Bank Of India was fully satisfied on 03 Aug 2015.

Frequently asked questions

  • What is the Incorporation or founding date of Maharashtra Electronics Corporation Limited?

    Maharashtra Electronics Corporation Limited was incorporated on 12 Jan 1978.

  • What is authorized share capital and paid-up capital of Maharashtra Electronics Corporation Limited?

    The authorized share capital of Maharashtra Electronics Corporation Limited is ₹ 10.00 Cr and paid-up capital is ₹ 9.69 Cr.

  • Who are the current board members & directors of Maharashtra Electronics Corporation Limited?

    Currently 4 directors are associated with Maharashtra Electronics Corporation Limited.

    • Viswanath Giriraj
    • Avinash Kondiba Dhakane
    • Avinash Jagannath Subhedar
    • Popat Dada Malikner

  • What is the registered address of Maharashtra Electronics Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra Electronics Corporation Limited is Am-3 M I D C Cross Rda Marol Industrial Area Andheri (E) India, Mumbai, Maharashtra, 400093.

  • What is the corporate identification number (CIN) and company number of Maharashtra Electronics Corporation Limited?

    The corporate identification number (CIN) of Maharashtra Electronics Corporation Limited is U32100MH1978SGC020075 and the company number is 020075 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Maharashtra Electronics Corporation Limited?

    According to the financial reports for the fiscal year 2017, the revenue trend for Maharashtra Electronics Corporation Limited has fallen by -42.22%.

  • What change has been observed in the net worth of Maharashtra Electronics Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2017 indicates that The net worth of Maharashtra Electronics Corporation Limited has experienced an downturn of -13.11%.

  • When was the last Balance Sheet of Maharashtra Electronics Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Maharashtra Electronics Corporation Limited was filed with the ROC on 31 Mar 2017.

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