Shreem Electric Limited

Manufacturer of electrical equipment, specializing in HT capacitors and EPC services for power transmission and distribution.

1976 | Kolhapur, Maharashtra (India) | Active
Last Updated:

Shreem Electric Profile

Key Indicators

  • Authorised Capital ₹ 90.99 Cr
  • Paid Up Capital ₹ 86.07 Cr
  • Company Age 49 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 564.75 Cr
  • Satisfied Charges ₹ 1,383.11 Cr
  • Revenue Growth -9.74%
  • Profit Growth -64.16%
  • Ebitda -11.20%
  • Net Worth 0.32%
  • Total Assets -8.82%

About Shreem Electric

Shreem Electric Limited (SEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 January 1976 and has a history of 49 years and two months. Its registered office is in Kolhapur, Maharashtra, India.

The Corporate was formerly known as Shreem Capacitors 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 90.99 Cr and a paid-up capital of Rs 86.07 Cr.

The company currently has active open charges totaling ₹564.75 Cr. The company has closed loans amounting to ₹1,383.11 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Shreem Electric Limited India are Vishal Jagadale as CFO and Radhika Patel as Company Secretary. Hemal Gandhi, Deepak Maheshwari, Vikas Jagadale, and Three other members serve as directors at the Company.

Company Details

  • Location

    Kolhapur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    shreemelectric.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51505PN1976PLC151160

  • Company No.

    151160

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Jan 1976

  • Date of AGM

    22 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Energy and Power

What products or services does Shreem Electric Limited offer?

Shreem Electric Limited offers a wide range of products and services, including Resistors & Other Passive Devices, Capacitor, Electrical and Electronic Gadgets, Harmonic Filters, Plant Design & Installation Services, Plant & Equipment Erection Services, Surge Protection Device, Lightning Arresters, Transformers, Current Transformers.

Who are the key members and board of directors at Shreem Electric?

Executive Team (4)

NameDesignationAppointment DateStatus
Vishal Jagadale Country flag representing In CFO16-Oct-2018Current
Radhika Patel Company Secretary02-Feb-2015Current
Vikas Jagadale Country flag representing In Managing Director18-Mar-2006Current
Shahaji Jagadale Country flag representing In Managing Director18-Mar-2009Current

Board Members (3)

NameDesignationAppointment DateStatus
Hemal Gandhi Country flag representing In Nominee Director 28-Jun-2022Current
Deepak Maheshwari Country flag representing In Director 25-Nov-2019Current
Hema Jagadale Country flag representing In Director 08-Apr-1997Current

Financial Performance of Shreem Electric.

Shreem Electric Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.74% decrease. The company also saw a substantial fall in profitability, with a 64.16% decrease in profit. The company's net worth moved up by a moderate rise of 0.32%.

Shreem Electric revenue growth over time
Shreem Electric 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
-9.74%
Revenue from Operations
-9.12%
Total Assets
-8.82%
Profit or Loss
-64.16%
Net Worth
0.32%
EBITDA
-11.20%

What is the Ownership and Shareholding Structure of Shreem Electric?

In 2023, Shreem Electric had a promoter holding of 99.99%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹564.75 Cr

Satisfied Charges

₹1,383.11 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 564.65 Cr
  • Others : 0.10 Cr

Latest Charge Details

DateLenderAmountStatus
25 Aug 2022Others₹1.00 MOpen
03 Nov 2009Sbicap Trustee Company Limited₹564.65 CrOpen
01 Jun 2020Others₹4.25 CrSatisfied
27 Sep 2017Others₹0.89 MSatisfied
28 Jul 2017Others₹3.00 MSatisfied

How Many Employees Work at Shreem Electric?

Shreem Electric has a workforce of 513 employees as of Mar 26, 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 Shreem Electric Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Shreem Electric, 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 Shreem Electric'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 Shreem Electric

Recent activity within the organization

  • Annual General Meeting

    Shreem Electric Limited last Annual general meeting of members was held on 22 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Shreem Electric Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

  • Charges

    A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100613290 was registered on 25 Aug 2022.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 564.65 Cr registered on 03 Nov 2009 with Charge ID 10191641 was modified on 26 Apr 2022.

  • Charges

    A charge registered on 27 Sep 2017 via Charge ID 100141264 with Others was fully satisfied on 24 Jun 2021.

  • Charges

    A charge registered on 18 Feb 2016 via Charge ID 10626444 with Bank Of Baroda was fully satisfied on 24 Jun 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Shreem Electric Limited?

    Shreem Electric Limited was incorporated on 02 Jan 1976.

  • What is authorized share capital and paid-up capital of Shreem Electric Limited?

    The authorized share capital of Shreem Electric Limited is ₹ 90.99 Cr and paid-up capital is ₹ 86.07 Cr.

  • Who are the current board members & directors of Shreem Electric Limited?

    Currently 8 directors are associated with Shreem Electric Limited.

    • Vishal Shahaji Jagadale
    • Radhika Sagar Patel
    • Hemal Rohit Gandhi
    • Deepak Maheshwari
    • Vikas Shahaji Jagadale
    • Vishal Shahaji Jagadale
    • Hema Shahaji Jagadale
    • Shahaji Ramchandra Jagadale

  • What is the registered address of Shreem Electric Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Shreem Electric Limited is Plot No. 43 To 46 L. K. Akiwate Industrial Co-Op. Estate Ltd., India, Hatkanangale, Maharashtra, 416101.

  • What is the corporate identification number (CIN) and company number of Shreem Electric Limited?

    The corporate identification number (CIN) of Shreem Electric Limited is U51505PN1976PLC151160 and the company number is 151160 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Shreem Electric Limited?

    The Official website of Shreem Electric Limited is https://www.shreemelectric.com

  • What has been the recent revenue trend for Shreem Electric Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Shreem Electric Limited has fallen by -9.74%.

  • How many employees does Shreem Electric Limited currently have?

    As Per 2023 financial reports, 513 employees are currently employed by Shreem Electric Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Shreem Electric Limited has experienced an upsurge of 0.32%.

  • What are the total open charges for Shreem Electric Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Shreem Electric Limited amount to ₹ 564.75 Cr.

  • When was the last Balance Sheet of Shreem Electric Limited filed with the ROC?

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

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