Mic Electronics Profile
Key Indicators
- Authorised Capital ₹ 75.00 Cr
- Paid Up Capital ₹ 44.29 Cr
- Company Age 36 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 17.33 Cr
- Satisfied Charges ₹ 369.02 Cr
- Revenue Growth -75.89%
- Profit Growth -94.82%
- Ebitda -85.32%
- Net Worth 0.25%
- Total Assets 15.55%
About Mic Electronics
Mic Electronics Limited (MEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 May 1988 and has a history of 36 years and nine months. Its registered office is in Hyderabad, Telangana, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532850 and on the National Stock Exchange(NSE) under MICEL.
The Corporate was formerly known as Mic Electronics Private Limited. The Company is engaged in the Information Technology 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 75.00 Cr and a paid-up capital of Rs 44.29 Cr.
The company currently has active open charges totaling ₹17.33 Cr. The company has closed loans amounting to ₹369.02 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mic Electronics Limited India are Lakshmi Alla as Company Secretary, Satyanarayana Kalidindi as Ceo, and Muralikrishnan Madurai as Cfo. Sivanand Mitikiri, Subhash Somod, Kaushik Yalamanchili, and Four other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Mic Electronics Limited offer?
Mic Electronics Limited offers a wide range of products and services, including Street, Flood and Commercial Lights, Foot Light, Banners, Signs & Nameplates, Hoardings, LED Display Board & Light Boxes, Moving Message Displays, Electrical & Electronic Test Devices, Ammeter, Indoor Lights & Lighting Accessories, LED Lights.
Who are the key members and board of directors at Mic Electronics?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Satyanarayana Kalidindi  | CEO | 20-Jul-2023 | Current |
| Kaushik Yalamanchili | Managing Director | 06-Jul-2021 | Current |
| Lakshmi Alla | Company Secretary | 27-May-2023 | Current |
| Muralikrishnan Madurai | CFO | 01-Oct-2021 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Upadhyayula Gayathri | Director | 09-Dec-2019 | Current |
| Sivanand Mitikiri | Whole-Time Director | 27-May-2023 | Current |
| Subhash Somod | Director | 25-Jan-2024 | Current |
| Sabitha Ghanta | Director | Current | |
| Srinivas Kolli | Director | 12-Mar-2022 | Current |
| Siva Lakshmanarao | Director | 07-Aug-2019 | Current |
Financial Performance of Mic Electronics.
Mic Electronics Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 75.89% decrease. The company also saw a substantial fall in profitability, with a 94.82% decrease in profit. The company's net worth moved up by a moderate rise of 0.25%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mic Electronics?
In 2023, Mic Electronics had a promoter holding of 74.63% and a public holding of 25.37%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Aga Publications LimitedUpadhyayula Gayathri is a mutual person
Mick Digital India LimitedSivanand Mitikiri, Kaushik Yalamanchili and 1 more are mutual person
- Rrk Enterprise Private Limited
Sivanand Mitikiri and Kaushik Yalamanchili are mutual person
- Altela Wash Private Limited
Subhash Somod is a mutual person
- Ares Properties Llp
Kaushik Yalamanchili is a mutual person
- Pradan Housing Private Limited
Kaushik Yalamanchili is a mutual person
Charges (Loans)
₹17.33 Cr
₹369.02 Cr
Charges Breakdown by Lending Institutions
- Others : 12.50 Cr
- State Bank Of India : 4.83 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2023 | State Bank Of India | ₹4.83 Cr | Open |
| 30 Jun 2023 | Others | ₹12.50 Cr | Open |
| 25 Mar 2022 | Others | ₹15.00 Cr | Satisfied |
| 27 Jul 2021 | Others | ₹13.00 Cr | Satisfied |
| 22 Sep 2016 | Others | ₹10.00 Cr | Satisfied |
How Many Employees Work at Mic Electronics?
Mic Electronics has a workforce of 46 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mic Electronics, 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 Mic Electronics'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.
