Mirc Electronics Profile
Key Indicators
- Authorised Capital ₹ 67.90 Cr
- Paid Up Capital ₹ 23.10 Cr
- Company Age 44 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 820.24 Cr
- Satisfied Charges ₹ 1,078.09 Cr
- Revenue Growth -7.08%
- Profit Growth 37.88%
- Ebitda -62.96%
- Net Worth -6.10%
- Total Assets -24.86%
About Mirc Electronics
Mirc Electronics Limited (MEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 January 1981 and has a history of 44 years and three months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500279 and on the National Stock Exchange(NSE) under MIRCELECTR.
The Corporate was formerly known as Mirc Electronics Private Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 67.90 Cr and a paid-up capital of Rs 23.10 Cr.
The company currently has active open charges totaling ₹820.24 Cr. The company has closed loans amounting to ₹1,078.09 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mirc Electronics Limited India are Prasad Oak as COMPANY SECRETARY and Shirish Suvagia as Cfo. Nandini Mansinghka, Vijay Mansukhani, Gulu Mirchandani, and Five 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
L32300MH1981PLC023637
- Company No.
023637
- Stock Symbol
BSE : 500279 NSE : MIRCELECTR
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
01 Jan 1981
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Consumer Electronics & Durables
What products or services does Mirc Electronics Limited offer?
Mirc Electronics Limited offers a wide range of products and services, including CD, DVD, MP3 & Audio Video Players, Media Player, Office Automation Products & Devices, Projector, LED, LCD, Smart TV and Home Theatre, LED TV, Home Appliances & Kitchen Appliances, Microwave Oven for Home, Washing Machine for Home, TV.
Who are the key members and board of directors at Mirc Electronics?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prasad Oak  | Company Secretary | 24-Dec-2021 | Current |
| Vijay Mansukhani | Managing Director | 01-Jan-1981 | Current |
| Gulu Mirchandani | Managing Director | 01-Jan-1981 | Current |
| Shirish Suvagia | CFO | 11-Nov-2022 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nandini Mansinghka | Director | 02-Nov-2023 | Current |
| Kaval Mirchandani | Whole-Time Director | 26-May-2016 | Current |
| Arvind Sharma | Director | 14-Nov-2016 | Current |
| Mohita Arora | Director | 26-Jun-2020 | Current |
| Shirish Suvagia | Whole-Time Director and Cfo | 04-Apr-2023 | Current |
| Milind Pokle | Director | 02-Sep-2024 | Current |
Financial Performance of Mirc Electronics.
Mirc Electronics Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.08% decrease. The company also saw a substantial improvement in profitability, with a 37.88% increase in profit. The company's net worth dipped by a decrease of 6.1%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mirc Electronics?
In 2023, Mirc Electronics had a promoter holding of 53.36% and a public holding of 46.64%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Iwai Electronics Pvt LtdKaval Mirchandani is a mutual person
Msl Driveline Systems LimitedKaval Mirchandani is a mutual person
Cheetahsoft Technologies Private LimitedArvind Sharma is a mutual person
Theremin Ai Solutions Private LimitedGulu Mirchandani is a mutual person
Good Brands For A Healthy Life Private LimitedArvind Sharma is a mutual person
Mumbai Angel Venture MentorsGulu Mirchandani is a mutual person
Charges (Loans)
Open Charges
₹820.24 Cr
Satisfied Charges
₹1,078.09 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 632.20 Cr
- Axis Bank Limited : 120.00 Cr
- Others : 43.33 Cr
- The Industrial Credit & Investment Corporation Of India Ltd. : 11.85 Cr
- Canara Bank : 9.20 Cr
- Others : 3.66 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2021 | Canara Bank | ₹9.20 Cr | Open |
| 09 Aug 2021 | Idbi Bank Limited | ₹1.12 Cr | Open |
| 03 Aug 2021 | State Bank Of India | ₹6.70 Cr | Open |
| 20 Nov 2018 | State Bank Of India | ₹115.00 Cr | Open |
| 13 Aug 2018 | Others | ₹43.33 Cr | Open |
How Many Employees Work at Mirc Electronics?
Mirc Electronics has a workforce of 561 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 Mirc 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 Mirc 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.
Latest Updates, News, and FAQs on Mirc Electronics
Recent activity within the organization
- Annual General Meeting
Mirc Electronics Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
- Director Appointment
Milind Chandrakant Pokle was appointed as a Director was appointed as a Director on 02 Sep 2024 & has been associated with this company since 6 months 30 days .
- Balance Sheet
Mirc Electronics Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Nandini Mansinghka was appointed as a Director was appointed as a Director on 02 Nov 2023 & has been associated with this company since 1 year 5 months .
- Charges
A charge registered on 19 May 2020 via Charge ID 100341097 with State Bank Of India was fully satisfied on 01 Aug 2023.
- Director Appointment
Shirish Mohanbhai Suvagia was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 04 Apr 2023 & has been associated with this company since 1 year 11 months .
Recent News, Updates & Announcement
- Mirc Electronics to relaunch Igo brand as an online exclusive in India.
Mirc Electronics business head Sunil Shankar said the brand will be relaunched as ‘Igo by Onida’ and the Onida brand will be eventually pulled out of the e-commerce platforms. .
- Brand Journey: How Onida is charting a comeback in India's consumer electronics market.
The 38-year-old brand, known for TVs, has been able to turn profitable on the back of the air-conditioner category and hopes to grow its revenue by 20% in the current fiscal. Though the brand wants to appeal to millennials, it will largely focus on TV and print as advertising platforms with hardly any budget for digital. BestMediaInfo.com explores Onida's brand journey and finds out what the future holds for it.
Frequently asked questions
What is the Incorporation or founding date of Mirc Electronics Limited?
Mirc Electronics Limited was incorporated on 01 Jan 1981.
What is authorized share capital and paid-up capital of Mirc Electronics Limited?
The authorized share capital of Mirc Electronics Limited is ₹ 67.90 Cr and paid-up capital is ₹ 23.10 Cr.
Who are the current board members & directors of Mirc Electronics Limited?
Currently 10 directors are associated with Mirc Electronics Limited.
- Prasad Arun Oak
- Nandini Mansinghka
- Vijay Jaikrishin Mansukhani
- Gulu Lalchand Mirchandani
- Kaval Gulu Mirchandani
- Arvind Rajkishore Sharma
- Mohita Arora
- Shirish Mohanbhai Suvagia
- Milind Chandrakant Pokle
- Shirish Suvagia
What is the registered address of Mirc Electronics Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mirc Electronics Limited is Onida House G-1 Midc Mahakali Caves Road Andheri (East), India, Mumbai, Maharashtra, 400093.
What is the corporate identification number (CIN) and company number of Mirc Electronics Limited?
The corporate identification number (CIN) of Mirc Electronics Limited is L32300MH1981PLC023637 and the company number is 023637 as per Ministry of Corporate Affairs (MCA).
Is Mirc Electronics Limited registered with any stock exchange in India?
Yes, Mirc Electronics Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): MIRCELECTR.
What is the official website of Mirc Electronics Limited?
The Official website of Mirc Electronics Limited is https://www.onida.com
What has been the recent revenue trend for Mirc Electronics Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mirc Electronics Limited has fallen by -7.08%.
How many employees does Mirc Electronics Limited currently have?
As Per 2023 financial reports, 561 employees are currently employed by Mirc Electronics Limited.
What change has been observed in the net worth of Mirc Electronics Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mirc Electronics Limited has experienced an downturn of -6.10%.
What are the total open charges for Mirc Electronics Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mirc Electronics Limited amount to ₹ 820.24 Cr.
When was the last Balance Sheet of Mirc Electronics Limited filed with the ROC?
The most recent Balance Sheet for Mirc Electronics Limited was filed with the ROC on 31 Mar 2024.
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