STERLITE ELECTRIC LIMITED
ActiveSterlite Electric Limited, formerly Sterlite Power Transmission Limited, is a global leader in the manufacturing of high-performance power conductors, cables, and optical ground wire (OPGW). The company leverages its extensive understanding of transmission infrastructure to provide innovative cable solutions and EPC capabilities. Sterlite Electric serves over 70 countries and is a key player in the electricity transmission industry, operating as a manufacturer of capital goods in the cable conductor sector. Their focus extends to social impact, overcoming obstacles, and innovation in finding solutions to complex workplace challenges within the power sector.
Company Overview
| Category | Company limited by shares |
| Class | Public |
| Sub-Category | Non-government company |
| Listed | Unlisted |
| Age | 9 years, 10 months, 8 days |
| Auth. Capital | ₹20,00,00,00,000 |
| Paid-Up Capital | ₹24,50,78,104 |
| Last AGM | 29-09-2023 |
| Last Balance Sheet | 31-03-2023 |
Business Activity
| NIC Code | 7412 |
| Sector | Accounting, book-keeping and auditing activities; tax consultancy. [Data processing and tabulation are classified in class 7230; activities involving management consultancy by units that do not provide accounting or auditing services e.g. design of accounting systems, cost accounting programmes, budgetary control procedures etc. are in class 7414 and bill collection in class 7499]. |
| Division | OTHER BUSINESS ACTIVITIES |
| Group | Legal; accounting; book-keeping and auditing activities; tax consultancy; market research and public opinion polling; business and management consultancy |
Profit & Loss (Cr.)
Year-wise financial performance. All values in Indian Rupees Crore (Cr.).
| Financial Year | Paid Up Capital | Net Worth | Total Income | Total Expense | Profit Before Tax | Income Tax | Profit After Tax |
|---|---|---|---|---|---|---|---|
| 2023 | 24.47 | 1838.26 | 4048.86 | 3622.58 | 426.28 | 104.27 | 322.01 |
| 2022 | 12.24 | 1963.01 | 3919.50 | 3620.07 | 287.72 | 41.14 | 246.58 |
| 2021 | 12.24 | 1380.27 | 3371.14 | 3112.78 | 258.35 | -104.57 | 362.92 |
| 2020 | 12.24 | 1962.13 | 2044.75 | 2329.91 | -541.75 | -8.84 | -532.91 |
| 2019 | 12.24 | 2951.86 | 2461.32 | 2708.68 | -247.36 | -32.44 | -214.93 |
| 2018 | 12.24 | 2136.31 | 2414.99 | 2547.30 | -132.31 | -26.06 | -106.25 |
| 2017 | 12.24 | 1477.89 | 2313.91 | 2372.21 | -58.30 | -18.21 | -40.09 |
| 2016 | 0.00 | 0.00 | 2335.76 | 2444.58 | -108.82 | 0.00 | -108.82 |
Financial Performance Over the Years
Current Directors & Key Managerial Personnel
Directors currently active in STERLITE ELECTRIC LIMITED.
| DIN | Name | Designation | Appointed On | Wealth Segment | Current Directorships |
|---|---|---|---|---|---|
| 10652503 | RESHU MADAN | Whole-time director | 2024-06-20 | – | 1 |
| 07131449 | POOJA SOMANI | Director | 2023-10-28 | – | 3 |
| *****5104G | ASHOK GANESAN | Company Secretary | 2017-05-29 | – | – |
| 03128439 | ALIPT SHARMA | Nominee Director | 2025-01-09 | – | – |
| 00022096 | PRAVIN AGARWAL | Director | 2015-05-05 | – | 14 |
| 03040062 | PRATIK PRAVIN AGARWAL | Managing Director | 2016-06-01 | – | 18 |
| *****1345J | RESHU MADAN | CEO | 2024-06-20 | – | – |
| *****6039P | PARAG JAIN | CFO | 2024-03-05 | – | – |
| 00239653 | ANOOP SETH | Additional Director | 2024-05-01 | – | 17 |
Past Directors & Key Managerial Personnel
Former directors who have ceased their association with STERLITE ELECTRIC LIMITED.
| DIN | Name | Designation | Appointed On | Wealth Segment | Cessation Date |
|---|---|---|---|---|---|
| 10652503 | RESHU MADAN | Additional Director | - | – | 2024-06-01 |
| 07288368 | LALIT NARAYAN TANDON | Additional Director | - | – | 2016-08-17 |
| 07288368 | LALIT NARAYAN TANDON | Director | - | – | 2019-05-15 |
| 07604457 | ANURAAG SRIVASTAVA | CFO(KMP) | - | – | 2021-09-30 |
| 07813589 | SANJEEV BHATIA | CFO | - | – | 2023-08-22 |
| 08560321 | ZHAO HAIXIA | Additional Director | - | – | 2019-09-30 |
| 08560321 | ZHAO HAIXIA | Director | - | – | 2022-03-31 |
| 07131449 | POOJA SOMANI | Additional Director | - | – | 2023-09-29 |
| 00057364 | ANAND GOPALDAS AGARWAL | Director | - | – | 2018-05-11 |
| 03040078 | ANUPAM JINDAL | Director | - | – | 2016-07-25 |
| 02496122 | HARSH DINESH SHAH | CFO(KMP) | - | – | 2018-08-10 |
| 03040062 | PRATIK PRAVIN AGARWAL | CEO(KMP) | - | – | 2019-11-08 |
| 00020916 | ARUN LALCHAND TODARWAL | Additional Director | - | – | 2016-08-17 |
| 00020916 | ARUN LALCHAND TODARWAL | Director | - | – | 2021-07-24 |
| 07802554 | SWAPNIL PRAKASH PATIL | Company Secretary | - | – | 2017-05-29 |
| 09625188 | KAMALJEET KAUR | Additional Director | - | – | 2022-06-29 |
| 09625188 | KAMALJEET KAUR | Whole-time director | - | – | 2023-06-28 |
| 00239653 | ANOOP SETH | Additional Director | - | – | 2020-12-31 |
| 00239653 | ANOOP SETH | Director | - | – | 2023-10-19 |
| 00818169 | NARAYANASWAMY ALAMPALLAM RAMAKRISHNAN | Additional Director | - | – | 2019-09-30 |
| 00818169 | NARAYANASWAMY ALAMPALLAM RAMAKRISHNAN | Director | - | – | 2024-07-21 |
| 05298459 | MANISH AGRAWAL | Additional Director | - | – | 2021-12-17 |
| 05298459 | MANISH AGRAWAL | Whole-time director | - | – | 2024-05-31 |
| 06966972 | AVAANTIKA RAJESH KAKKAR | Additional Director | - | – | 2016-08-17 |
| 06966972 | AVAANTIKA RAJESH KAKKAR | Director | - | – | 2021-02-01 |
Open Charges
| Charge ID | 100086955 |
| Holder | YES BANK LIMITED |
| Amount | ₹2,50,00,00,000 |
| Created | 02-03-2017 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st PP Chrg on current assets&2nd PPchrg on Mov FA |
| Charge ID | 100067404 |
| Holder | Others |
| Amount | ₹60,00,00,000 |
| Created | 20-12-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on current assets & 2nd chrg on Mov FA. |
| Charge ID | 100074452 |
| Holder | HDFC BANK LIMITED |
| Amount | ₹7,00,00,00,000 |
| Created | 20-12-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); Stock in trade |
| Charge ID | 100066753 |
| Holder | Others |
| Amount | ₹5,70,00,00,000 |
| Created | 30-11-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge) |
| Charge ID | 100069375 |
| Holder | Others |
| Amount | ₹2,97,60,00,000 |
| Created | 30-11-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st charg.on Current Assets & 2nd charg.on Mov.F.A |
| Charge ID | 100058740 |
| Holder | IDBI Bank Limited |
| Amount | ₹2,40,00,00,000 |
| Created | 17-08-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on CA, Book debts & 2nd chrg on Mov FA. |
| Charge ID | 100041644 |
| Holder | Axis Bank Limited |
| Amount | ₹8,35,00,00,000 |
| Created | 16-07-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg on current assets & 2nd chrg on Movabl FA |
| Charge ID | 100040847 |
| Holder | Others |
| Amount | ₹1,50,00,00,000 |
| Created | 14-07-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); Current Assets |
| Charge ID | 100041200 |
| Holder | Others |
| Amount | ₹6,25,00,00,000 |
| Created | 01-07-2016 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); Charge on all inventories. |
| Charge ID | 100432659 |
| Holder | Others |
| Amount | ₹1,00,00,000 |
| Created | 25-01-2021 |
| Assets | Lien On Fixed Deposit |
| Charge ID | 100445893 |
| Holder | State Bank of India |
| Amount | ₹6,55,00,00,000 |
| Created | 25-05-2021 |
| Assets | Fixed Deposit with the Bank. |
| Charge ID | 100445897 |
| Holder | SBICAP TRUSTEE COMPANY LIMITED |
| Amount | ₹6,55,00,00,000 |
| Created | 25-05-2021 |
| Assets | null |
| Charge ID | 100438130 |
| Holder | IDBI TRUSTEESHIP SERVICES LIMITED |
| Amount | ₹1,92,14,81,69,000 |
| Created | 25-03-2021 |
| Assets | Pledge Over Equity Shares |
| Charge ID | 100569773 |
| Holder | Indian Bank |
| Amount | ₹2,00,00,00,000 |
| Created | 02-05-2022 |
| Assets | Movable property (not being pledge); Current Assets and Movable Fixed Assets as per DoH |
| Charge ID | 100578802 |
| Holder | Others |
| Amount | ₹80,00,00,000 |
| Created | 11-05-2022 |
| Assets | Fixed Deposits 004613099269 and 00461309927 |
| Charge ID | 100579046 |
| Holder | Others |
| Amount | ₹1,00,00,00,000 |
| Created | 11-05-2022 |
| Assets | Fixed Deposits 004613099267 and 004613099268 |
| Charge ID | 100663998 |
| Holder | Others |
| Amount | ₹50,00,00,000 |
| Created | 17-11-2022 |
| Assets | null |
| Charge ID | 100674550 |
| Holder | Others |
| Amount | ₹2,10,00,00,000 |
| Created | 17-01-2023 |
| Assets | null |
| Charge ID | 100780578 |
| Holder | SBICAP TRUSTEE COMPANY LIMITED |
| Amount | ₹2,00,00,00,000 |
| Created | 23-08-2023 |
| Assets | null |
| Charge ID | 100933020 |
| Holder | Others |
| Amount | ₹1,00,00,00,000 |
| Created | 24-05-2024 |
| Assets | null |
| Charge ID | 100946144 |
| Holder | Others |
| Amount | ₹2,70,00,00,000 |
| Created | 21-06-2024 |
| Assets | null |
Satisfied Charges
| Charge ID | 100148124 |
| Holder | Others |
| Amount | ₹8,25,00,00,000 |
| Created | 17-01-2018 |
| Satisfied | 16-02-2021 |
| Assets | DSRA equivalent to Rs. 2 Cr.folio no. 3946169/52 |
| Charge ID | 100150405 |
| Holder | Others |
| Amount | ₹2,03,00,00,000 |
| Created | 06-12-2017 |
| Satisfied | 29-01-2021 |
| Assets | FD & pocds of FD No.13020300354340with FederalBank |
| Charge ID | 100108027 |
| Holder | Others |
| Amount | ₹1,00,00,00,000 |
| Created | 28-06-2017 |
| Satisfied | 23-07-2019 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on stocks in trade, Debtors & other CA. |
| Charge ID | 100107269 |
| Holder | IDBI TRUSTEESHIP SERVICES LIMITED |
| Amount | ₹9,25,00,00,000 |
| Created | 16-06-2017 |
| Satisfied | 21-04-2020 |
| Assets | Pldg.of 24500 Eq.Sh. in East-North Intrcon. Co.Ltd |
| Charge ID | 100100283 |
| Holder | Others |
| Amount | ₹1,80,00,00,000 |
| Created | 19-05-2017 |
| Satisfied | 16-06-2022 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on stocks in trade, Debtors & other CA. |
| Charge ID | 100100303 |
| Holder | Others |
| Amount | ₹80,00,00,000 |
| Created | 19-05-2017 |
| Satisfied | 26-07-2023 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st pari pasu Chrg. on inventories & receivables. |
| Charge ID | 100077769 |
| Holder | Others |
| Amount | ₹30,00,00,000 |
| Created | 10-02-2017 |
| Satisfied | 01-11-2021 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on current assets & 2nd chrg on Mov FA. |
| Charge ID | 100076126 |
| Holder | Others |
| Amount | ₹50,00,00,000 |
| Created | 06-02-2017 |
| Satisfied | 18-10-2019 |
| Assets | Uncalled Share Capital; Calls made but not paid; Any property for securing the issue of secured deposits; Immovable property or any interest therein; Book debts; Floating charge; Movable property (not being pledge); As per DOH, SPA, Deed of Confn., Dec of Mort., etc |
| Charge ID | 100072221 |
| Holder | Others |
| Amount | ₹51,00,00,000 |
| Created | 09-01-2017 |
| Satisfied | 28-01-2021 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on current assets & 2nd chrg on Mov FA. |
| Charge ID | 100073507 |
| Holder | Others |
| Amount | ₹4,00,00,00,000 |
| Created | 06-01-2017 |
| Satisfied | 18-10-2019 |
| Assets | Immovable property or any interest therein; As specified in Declaration of Mortgage. |
| Charge ID | 100055252 |
| Holder | State Bank of India |
| Amount | ₹5,79,80,00,000 |
| Created | 10-10-2016 |
| Satisfied | 30-03-2022 |
| Assets | Uncalled Share Capital; Calls made but not paid; Motor Vehicle (Hypothecation); Book debts; Floating charge; Movable property (not being pledge); As per Unattested DOH dtd. 10.10.2016 |
| Charge ID | 100068268 |
| Holder | Others |
| Amount | ₹26,00,00,000 |
| Created | 12-09-2016 |
| Satisfied | 16-09-2022 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on current assets & 2nd chrg on Mov FA. |
| Charge ID | 100034220 |
| Holder | Others |
| Amount | ₹2,33,60,00,000 |
| Created | 17-06-2016 |
| Satisfied | 15-05-2018 |
| Assets | As per Share pledge agreement dtd. 10.10.2016 |
| Charge ID | 100210128 |
| Holder | Others |
| Amount | ₹2,03,00,00,000 |
| Created | 10-10-2018 |
| Satisfied | 22-10-2019 |
| Assets | Uncalled Share Capital; Calls made but not paid; Motor Vehicle (Hypothecation); Any property for securing the issue of secured deposits; Book debts; Floating charge; Movable property (not being pledge); As per Unattested DOH dtd. 15.10.2018 |
| Charge ID | 100209596 |
| Holder | Others |
| Amount | ₹8,25,00,00,000 |
| Created | 18-09-2018 |
| Satisfied | 18-10-2019 |
| Assets | Immovable property or any interest therein |
| Charge ID | 100237347 |
| Holder | Others |
| Amount | ₹3,00,00,00,000 |
| Created | 18-01-2019 |
| Satisfied | 08-06-2019 |
| Assets | As per Unattested Share pldg agrmnt dtd 07.02.2019 |
| Charge ID | 100258053 |
| Holder | Others |
| Amount | ₹5,50,00,00,000 |
| Created | 02-05-2019 |
| Satisfied | 21-11-2019 |
| Assets | As per clause 2.2 of unat pledge agreement |
| Charge ID | 100289894 |
| Holder | Others |
| Amount | ₹6,40,00,00,000 |
| Created | 23-09-2019 |
| Satisfied | 09-09-2020 |
| Assets | Pledge of equity shares held in the Borrower. |
| Charge ID | 100303362 |
| Holder | Others |
| Amount | ₹3,50,00,00,000 |
| Created | 18-10-2019 |
| Satisfied | 12-08-2020 |
| Assets | Equity Shares as per Annexure A, plant and machine |
| Charge ID | 100361432 |
| Holder | Others |
| Amount | ₹4,50,00,000 |
| Created | 10-08-2020 |
| Satisfied | 16-06-2022 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); 1st Chrg. on current assets of the Company. |
| Charge ID | 100398599 |
| Holder | Others |
| Amount | ₹2,00,00,00,000 |
| Created | 07-12-2020 |
| Satisfied | 28-04-2022 |
| Assets | Uncalled Share Capital; Calls made but not paid; Pledge on 49,994 Equity Shares held in SGL 4. |
| Charge ID | 100394796 |
| Holder | Others |
| Amount | ₹11,00,00,00,000 |
| Created | 19-11-2020 |
| Satisfied | 06-11-2021 |
| Assets | Movable property (not being pledge); Pledge of Shares (as detailed in Pledge Agreement) |
| Charge ID | 100405611 |
| Holder | Others |
| Amount | ₹50,00,00,000 |
| Created | 30-12-2020 |
| Satisfied | 06-03-2021 |
| Assets | Book debts; Hypothecation over loans and advances |
| Charge ID | 100358338 |
| Holder | Others |
| Amount | ₹2,00,00,00,000 |
| Created | 31-07-2020 |
| Satisfied | 16-11-2022 |
| Assets | Fixed Deposit and/ or cash lien marked with IBL |
| Charge ID | 100289404 |
| Holder | Others |
| Amount | ₹50,00,00,000 |
| Created | 27-07-2019 |
| Satisfied | 05-12-2022 |
| Assets | Movable property (not being pledge); FD with the Bank Bearing No. 000513122574 |
| Charge ID | 100280926 |
| Holder | Others |
| Amount | ₹3,25,00,00,000 |
| Created | 21-06-2019 |
| Satisfied | 10-11-2021 |
| Assets | Book debts; Floating charge; Movable property (not being pledge) |
| Charge ID | 100252427 |
| Holder | Others |
| Amount | ₹2,50,00,00,000 |
| Created | 05-03-2019 |
| Satisfied | 21-09-2021 |
| Assets | Pledge on 46268994 Shares of SG2L |
| Charge ID | 100209554 |
| Holder | Others |
| Amount | ₹50,00,00,000 |
| Created | 01-10-2018 |
| Satisfied | 05-12-2022 |
| Assets | Floating charge; Movable property (not being pledge); Current Assets and Receivables |
| Charge ID | 100148720 |
| Holder | HDFC BANK LIMITED |
| Amount | ₹1,00,00,00,000 |
| Created | 17-11-2017 |
| Satisfied | 23-09-2021 |
| Assets | Book debts; Floating charge; As per deed of hypothecation executed on 17.11.17 |
| Charge ID | 100088942 |
| Holder | SBICAP TRUSTEE COMPANY LIMITED |
| Amount | ₹1,00,00,00,000 |
| Created | 10-04-2017 |
| Satisfied | 07-01-2022 |
| Assets | Motor Vehicle (Hypothecation); Book debts; Floating charge; Movable property (not being pledge); As per DOH dated 10.04.2017 |
| Charge ID | 10615645 |
| Holder | SBICAP TRUSTEE COMPANY LIMITED |
| Amount | ₹6,00,00,00,000 |
| Created | 18-09-2015 |
| Satisfied | 20-01-2023 |
| Assets | Motor Vehicle (Hypothecation); Book debts; Floating charge; Movable property (not being pledge); As per Deed of Hypothecation dated 18.09.2015 |
| Charge ID | 10553045 |
| Holder | Axis Bank Limited |
| Amount | ₹1,75,00,00,000 |
| Created | 05-03-2015 |
| Satisfied | 27-08-2021 |
| Assets | Book debts; Floating charge; Charge on Account Assets & Charge on Current Asset |
| Charge ID | 100413751 |
| Holder | Others |
| Amount | ₹10,00,00,000 |
| Created | 11-02-2021 |
| Satisfied | 13-08-2021 |
| Assets | Pledge of 20,39,880 Units of India Grid Trust. |
| Charge ID | 100432838 |
| Holder | Others |
| Amount | ₹75,00,00,000 |
| Created | 31-03-2021 |
| Satisfied | 12-03-2021 |
| Assets | Book debts; Floating charge; Movable property (not being pledge); As specified in Unattested DOH dated 31.03.2021 |
| Charge ID | 100485603 |
| Holder | Others |
| Amount | ₹75,00,00,000 |
| Created | 24-08-2021 |
| Satisfied | 20-09-2023 |
| Assets | Movable property (not being pledge); Current assets and ISRA |
| Charge ID | 100569926 |
| Holder | Others |
| Amount | ₹12,00,00,00,000 |
| Created | 04-05-2022 |
| Satisfied | 24-04-2023 |
| Assets | Pledge over 51% of Equity Shares of Issuer |
| Charge ID | 100569515 |
| Holder | Others |
| Amount | ₹1,75,00,00,000 |
| Created | 30-04-2022 |
| Satisfied | 16-11-2023 |
| Assets | As per DOH and the attached Pledge Agreement |
| Charge ID | 100610462 |
| Holder | Others |
| Amount | ₹12,00,00,00,000 |
| Created | 28-09-2022 |
| Satisfied | 24-04-2023 |
| Assets | null |
| Charge ID | 100652300 |
| Holder | Others |
| Amount | ₹3,50,00,00,000 |
| Created | 01-12-2022 |
| Satisfied | 29-03-2023 |
| Assets | null |
Employee Trend (PF)
Monthly EPF contribution data showing employee headcount and wages paid.
| Month | Employee Count | Amount Paid (EPF) |
|---|---|---|
| JUL-23 | 358 | ₹64,14,536 |
| AUG-23 | 357 | ₹63,88,563 |
| SEP-23 | 361 | ₹64,40,155 |
| OCT-23 | 367 | ₹67,52,380 |
| NOV-23 | 369 | ₹67,71,029 |
| DEC-23 | 375 | ₹68,24,869 |
| JAN-24 | 373 | ₹69,21,142 |
| FEB-24 | 375 | ₹68,96,400 |
About Sterlite Electric
STERLITE ELECTRIC LIMITED (CIN: U74120PN2015PLC156643) is a active public company incorporated on 2015-05-05, registered under ROC Pune. The company operates in the accounting, book-keeping and auditing activities; tax consultancy. [data processing and tabulation are classified in class 7230; activities involving management consultancy by units that do not provide accounting or auditing services e.g. design of accounting systems, cost accounting programmes, budgetary control procedures etc. are in class 7414 and bill collection in class 7499]. sector (NIC Code: 7412).
For financial year 2024, STERLITE ELECTRIC LIMITED reported a total income of ₹49,74,86,10,000, placing it in the 500+ Crore INR revenue bracket .
The company has 9 current directors : RESHU MADAN , POOJA SOMANI , ASHOK GANESAN , ALIPT SHARMA , PRAVIN AGARWAL , PRATIK PRAVIN AGARWAL , RESHU MADAN , PARAG JAIN , ANOOP SETH . 25 past directors are also on record.
Registered Address: 4th Floor, Godrej Millennium 9 Koregaon Road,, NA, Pune, Maharashtra 411001, India