Transit Electronics Limited

Security system consultation, design, installation, and maintenance services for various clients.

1996 | Surat, Gujarat (India) | Active
Last Updated:

Transit Electronics Profile

Key Indicators

  • Authorised Capital ₹ 5.25 Cr
  • Paid Up Capital ₹ 3.75 Cr
  • Company Age 28 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 23.11 Cr
  • Revenue Growth 152.12%
  • Profit Growth 223.30%
  • Ebitda 211.52%
  • Net Worth 29.58%
  • Total Assets 73.51%

About Transit Electronics

Transit Electronics Limited (TEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 October 1996 and has a history of 28 years and four months. Its registered office is in Surat, Gujarat, India.

The Corporate was formerly known as Transit 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 2024. It's a company limited by shares with an authorized capital of Rs 5.25 Cr and a paid-up capital of Rs 3.75 Cr.

The company currently has active open charges totaling ₹23.11 Cr.

The Key Managerial Personnel (KMP) at Transit Electronics Limited India is Montu Lakdawala as CFO. Neha Dasadia, Dipesh Dasadia, Kalpesh Shah, and One other member serve as directors at the Company.

Company Details

  • Location

    Surat, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U30009GJ1996PLC030950

  • Company No.

    030950

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Oct 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Information Technology

What products or services does Transit Electronics Limited offer?

Transit Electronics Limited offers a wide range of products and services, including Automatic Gate, Business Planning and Management, Business Consultant, VFD, PLC, HMI & Control Equipments, Industrial Automation Systems.

Who are the key members and board of directors at Transit Electronics?

Executive Team (2)

NameDesignationAppointment DateStatus
Dipesh Dasadia Country flag representing In Managing Director17-Oct-1996Current
Montu Lakdawala Country flag representing In CFO04-Mar-2017Current

Board Members (3)

NameDesignationAppointment DateStatus
Neha Dasadia Country flag representing In Whole-Time Director 29-Aug-2016Current
Kalpesh Shah Country flag representing In Whole-Time Director 17-Oct-1996Current
Kamlesh Marviya Country flag representing In Whole-Time Director 08-Feb-2013Current

Financial Performance of Transit Electronics.

Transit Electronics Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 152.12% increase. The company also saw a substantial improvement in profitability, with a 223.3% increase in profit. The company's net worth Soared by an impressive increase of 29.58%.

Transit Electronics revenue growth over time
Transit Electronics 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
152.12%
Revenue from Operations
153.83%
Total Assets
73.51%
Profit or Loss
223.30%
Net Worth
29.58%
EBITDA
211.52%

What is the Ownership and Shareholding Structure of Transit Electronics?

In 2023, Transit Electronics had a promoter holding of 59.98% and a public holding of 40.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹23.11 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 23.11 Cr

Latest Charge Details

DateLenderAmountStatus
23 Mar 2021Hdfc Bank Limited₹0.45 MOpen
15 Mar 2017Hdfc Bank Limited₹1.80 MOpen
30 Sep 2016Hdfc Bank Limited₹0.84 MOpen
10 Jul 2014Hdfc Bank Limited₹22.80 CrOpen

How Many Employees Work at Transit Electronics?

Unlock and access historical data on people associated with Transit Electronics, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Transit Electronics Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Transit 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 Transit Electronics'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 Transit Electronics

Recent activity within the organization

  • Annual General Meeting

    Transit Electronics Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Transit Electronics Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 22.80 Cr registered on 10 Jul 2014 with Charge ID 10508055 was modified on 27 Mar 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100430335 was registered on 23 Mar 2021.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100110982 was registered on 15 Mar 2017.

  • Director Appointment

    Montu Bipinchandra Lakdawala was appointed as a Cfo was appointed as a Cfo on 04 Mar 2017 & has been associated with this company since 8 years 3 days .

Frequently asked questions

  • What is the Incorporation or founding date of Transit Electronics Limited?

    Transit Electronics Limited was incorporated on 17 Oct 1996.

  • What is authorized share capital and paid-up capital of Transit Electronics Limited?

    The authorized share capital of Transit Electronics Limited is ₹ 5.25 Cr and paid-up capital is ₹ 3.75 Cr.

  • Who are the current board members & directors of Transit Electronics Limited?

    Currently 5 directors are associated with Transit Electronics Limited.

    • Neha Dipeshbhai Dasadia
    • Dipesh Shashikant Dasadia
    • Kalpesh Rajnikant Shah
    • Kamlesh Laljibhai Marviya
    • Montu Bipinchandra Lakdawala

  • What is the registered address of Transit Electronics Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Transit Electronics Limited is Gr Floor Shop-G/7 S.N.S Interio Near Cng Gas Station Althan Road Bhatar Char Rasta, India, Surat, Gujarat, 395007.

  • What is the corporate identification number (CIN) and company number of Transit Electronics Limited?

    The corporate identification number (CIN) of Transit Electronics Limited is U30009GJ1996PLC030950 and the company number is 030950 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Transit Electronics Limited?

    The Official website of Transit Electronics Limited is https://www.transit.co.in

  • What has been the recent revenue trend for Transit Electronics Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Transit Electronics Limited has risen by 152.12%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Transit Electronics Limited has experienced an upsurge of 29.58%.

  • What are the total open charges for Transit Electronics Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Transit Electronics Limited amount to ₹ 23.11 Cr.

  • When was the last Balance Sheet of Transit Electronics Limited filed with the ROC?

    The most recent Balance Sheet for Transit Electronics Limited was filed with the ROC on 31 Mar 2024.

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