Mecpower Solutions Limited

Provides customized energy solutions for various industries and markets.

2016 | Vadodara, Gujarat (India) | Active
Last Updated:

Mecpower Solutions Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 6.65 Cr
  • Company Age 8 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 29.50 Cr
  • Satisfied Charges ₹ 15.48 Cr
  • Revenue Growth -45.07%
  • Profit Growth -59.77%
  • Ebitda -26.16%
  • Net Worth 18.87%
  • Total Assets 8.19%

About Mecpower Solutions

Mecpower Solutions Limited (MSL) is a Public Limited Indian Non-Government Company incorporated in India on 03 October 2016 (Eight years and seven months 19 days old ). Its registered office is in Vadodara, Gujarat, India.

The Corporate was formerly known as Mecpower Solutions Private Limited. The Company is engaged in the Energy And Power Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 6.65 Cr.

The company currently has active open charges totaling ₹29.50 Cr. The company has closed loans amounting to ₹15.48 Cr, as per Ministry of Corporate Affairs (MCA) records.

Setul Shah, Manoj Shah, Kanchanlal Shah, and Three other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999GJ2016PLC093940

  • Company No.

    093940

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    03 Oct 2016

  • Date of AGM

    28 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Energy and Power

What products or services does Mecpower Solutions Limited offer?

Mecpower Solutions Limited offers a wide range of products and services, including Servo Voltage Stabilizer, Three Phase Servo Controlled Voltage Stabilizer, Oil Cooled Servo Stabilizers.

Company report

Mecpower Solutions Limited

Explore comprehensive data for Mecpower Solutions Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Mecpower Solutions?

Board Members (6)

NameDesignationAppointment DateStatus
Setul Shah Country flag representing In Director 03-Oct-2016Current
Manoj Shah Country flag representing In Director 03-Oct-2016Current
Kanchanlal Shah Country flag representing In Director 03-Oct-2016Current
Bharat Shah Country flag representing In Director 01-Jul-2022Current
Devansh Shah Country flag representing In Director 21-Apr-2023Current
Kiran Mishra Country flag representing In Director 21-Apr-2023Current

Financial Performance of Mecpower Solutions.

Mecpower Solutions Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 45.07% decrease. The company also saw a substantial fall in profitability, with a 59.77% decrease in profit. The company's net worth Soared by an impressive increase of 18.87%.

Mecpower Solutions revenue growth over time
Mecpower Solutions 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
-45.07%
Revenue from Operations
-44.94%
Total Assets
8.19%
Profit or Loss
-59.77%
Net Worth
18.87%
EBITDA
-26.16%

What is the Ownership and Shareholding Structure of Mecpower Solutions?

In 2023, Mecpower Solutions had a promoter holding of 78.00% and a public holding of 22.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹29.50 Cr

Satisfied Charges

₹15.48 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 29.50 Cr

Latest Charge Details

DateLenderAmountStatus
22 Aug 2023Hdfc Bank Limited₹29.50 CrOpen
09 Sep 2022Axis Bank Limited₹6.50 CrSatisfied
28 Jun 2022Axis Bank Limited₹6.50 CrSatisfied
26 Aug 2020Axis Bank Limited₹1.50 CrSatisfied
15 Sep 2018Axis Bank Limited₹9.80 MSatisfied

How Many Employees Work at Mecpower Solutions?

Mecpower Solutions has a workforce of 1 employees as of Apr 08, 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.

Employee growth trends for Mecpower Solutions Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mecpower Solutions, 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 Mecpower Solutions'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 Mecpower Solutions

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 29.50 Cr registered on 22 Aug 2023 with Charge ID 100788119 was modified on 18 Apr 2024.

  • Charges

    A charge registered on 15 Sep 2018 via Charge ID 100207560 with Axis Bank Limited was fully satisfied on 05 Feb 2024.

  • Charges

    A charge registered on 26 Aug 2020 via Charge ID 100375456 with Axis Bank Limited was fully satisfied on 18 Jan 2024.

  • Annual General Meeting

    Mecpower Solutions Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 09 Sep 2022 via Charge ID 100611317 with Axis Bank Limited was fully satisfied on 16 Sep 2023.

  • Charges

    A charge registered on 28 Jun 2022 via Charge ID 100597102 with Axis Bank Limited was fully satisfied on 16 Sep 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Mecpower Solutions Limited?

    Mecpower Solutions Limited was incorporated on 03 Oct 2016.

  • What is authorized share capital and paid-up capital of Mecpower Solutions Limited?

    The authorized share capital of Mecpower Solutions Limited is ₹ 15.00 Cr and paid-up capital is ₹ 6.65 Cr.

  • Who are the current board members & directors of Mecpower Solutions Limited?

    Currently 6 directors are associated with Mecpower Solutions Limited.

    • Setul Kanchanlal Shah
    • Manoj Narendrabhai Shah
    • Kanchanlal Nemchand Shah
    • Bharat Vadilal Shah
    • Devansh Shah
    • Kiran Rajesh Mishra

  • What is the registered address of Mecpower Solutions Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mecpower Solutions Limited is 8 Kamdhenu Ind Estate Near Gorwa Water Tank, India, Vadodara, Gujarat, 390016.

  • What is the corporate identification number (CIN) and company number of Mecpower Solutions Limited?

    The corporate identification number (CIN) of Mecpower Solutions Limited is U74999GJ2016PLC093940 and the company number is 093940 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mecpower Solutions Limited?

    The Official website of Mecpower Solutions Limited is https://www.mecpower.in

  • What has been the recent revenue trend for Mecpower Solutions Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mecpower Solutions Limited has fallen by -45.07%.

  • How many employees does Mecpower Solutions Limited currently have?

    As Per 2023 financial reports, 1 employees are currently employed by Mecpower Solutions Limited.

  • What change has been observed in the net worth of Mecpower Solutions Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mecpower Solutions Limited has experienced an upsurge of 18.87%.

  • What are the total open charges for Mecpower Solutions Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mecpower Solutions Limited amount to ₹ 29.50 Cr.

  • When was the last Balance Sheet of Mecpower Solutions Limited filed with the ROC?

    The most recent Balance Sheet for Mecpower Solutions Limited was filed with the ROC on 31 Mar 2023.

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