Mirc Electronics Profile
Key Indicators
- Authorised Capital ₹ 67.90 Cr
- Paid Up Capital ₹ 23.10 Cr
- Company Age 44 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- 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 one month. 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 2023. 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 Shirish Suvagia as CFO and Prasad Oak as Company Secretary. Mohita Arora, Arvind Sharma, Carlton Pereira, 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
03 Jul 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
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 |
| Shirish Suvagia | CFO | 11-Nov-2022 | Current |
| Gulu Mirchandani | Managing Director | 01-Jan-1981 | Current |
| Vijay Mansukhani | Managing Director | 01-Jan-1981 | 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 |
| Carlton Pereira | Director | 15-May-2014 | Current |
| Shirish Suvagia | Cfo and Whole-Time Director | 04-Apr-2023 | 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
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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
Sanghvi Brands LimitedCarlton Pereira is a mutual person
- Sanghvi Fitness Private Limited
Carlton Pereira is a mutual person
Charges (Loans)
₹820.24 Cr
₹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.
