Current Electricals Limited - Due diligence report

A 360° intelligence report on Current Electricals Limited: trust score, financial health, credit view, compliance, directors, growth and dis…

1972-11-24 Chennai, Tamil Nadu Active Unlisted Active Compliant
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CE Current Electricals Limited
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Current Electricals Limited — 360° Intelligence Report

Generated from MCA filings & public records
44/100
Trust Score
Caution Indicated

Current Electricals Limited is assessed as Caution Indicated with a Trust Score of 44/100. Current Electricals Limited is an active public limited indian non-government company incorporated in 1972, operating in the Energy and Power sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 20 Jul 2026 from the latest processed filings. Current Electricals Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreCaution Indicated
44/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
25/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 2 open (18.75 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank1 48.0 cr
Axis Bank Limited1 48.0 cr
Compliance Score: 25/100 Caution Indicated
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2022 - filings overdue.
  • Flagged by authority: EPFO, BANKS.
  • Litigation present in 3 court forum(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
RAMASWAMY SRINIVASAN 01234567 Director 01/04/2018 6 yrs Approved
HIREN MAHENDRA BOTADRA 01234567 Director 01/04/2018 6 yrs Approved
KETAN CHHOTALAL BAGADIA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2019)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2022 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: HIREN MAHENDRA BOTADRA (Whole-time director) · KETAN CHHOTALAL BAGADIA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 45
Growth signals & trust indicators
Operating for 53+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Statutory filings appear overdue.
Compliance score is weak (25/100).
2 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence37/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment26/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 18.75 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view29/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 9 events
30 Sep 2022
Last AGM held
Annual general meeting
31 Mar 2022
Latest balance sheet
Filed with ROC
24 Jul 2020
Director appointed
RAMASWAMY SRINIVASAN (Additional Director)
Director ceased
SARAVANAN MANOHARAN
20 Dec 2017
Charge created
Canara Bank - 10.00 cr
28 Dec 2006
Charge created
Axis Bank Limited - 8.75 cr
01 Dec 2003
Director appointed
HIREN MAHENDRA BOTADRA (Whole-time director)
Director appointed
KETAN CHHOTALAL BAGADIA (Managing Director)
24 Nov 1972
Incorporated
Registered with Roc Chennai
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
3 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Netstream Networks Private Limited U32300MH2013PTC243516 Mumbai, Maharashtra, India
Delta Pd Pumps Private Limited U74999MH2008PTC181261 Mumbai, Maharashtra, India
Marvel Agrico (India) Private Limited U29210GJ1999PTC036636 Rajkot, Gujarat, India
Bajrangbali Engg Co Ltd U34103WB1948PLC016448 Howrah, West Bengal, India
Rikken Instrumentation U29196HR1991PLC031394 Panchkula, Haryana, India
Bhartiya Tar Rolling Mills Limited U29199DL1986PLC026388 Delhi, Delhi, India
Ib Solar Infra Developers Private Limited U74899DL1995PTC064499 New Delhi, Delhi, India
Achudam Technologies Private Limited U31900TN2020PTC140079 Kancheepuram, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Current Electricals Limited before audits and certifications: compliance score 25/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Current Electricals Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Current Electricals Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 44/100, distress signals and MSME payment-delay disclosures - know whether Current Electricals Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Current Electricals Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Current Electricals Limited an active company?

Current Electricals Limited has MCA status “Active” with a compliance score of 25/100 (Caution Indicated).

Is Current Electricals Limited financially healthy?

Current Electricals Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Current Electricals Limited?

Its overall Trust Score is 44/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Current Electricals Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Current Electricals Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets.

Is Current Electricals Limited up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 25/100 (Caution Indicated).

Is it risky to lend to Current Electricals Limited?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.