Company Intelligence Profile
MIRC Electronics Limited
MIRC Electronics Limited makes and sells TVs, audio systems, washing machines and air conditioners in India under the Onida brand.
Last updated 26 October 2026
MIRC Electronics Limited makes and sells TVs, audio systems, washing machines and air conditioners, mainly under the Onida brand. It was incorporated on 01 January 1981 and is based in Mumbai, Maharashtra. Total operating income for FY2024-25 was ₹746.69 Cr. In 2025 it raised about ₹49 Cr through a rights issue and about ₹150 Cr through preferential allotment.
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Company Identity
| Registered name | MIRC Electronics Limited |
|---|---|
| CIN | L32300MH1981PLC023637 |
| Status | Active |
| Listing | Listed — BSE (Code 500279, symbol ONIDA) and NSE (symbol MIRCELECTR/being updated to ONIDA) |
| Incorporated | 01 January 1981 |
| ROC | Mumbai |
| Sector (NIC) | Manufacturing |
| Registered address | Onida House, G-1, MIDC, Mahakali Caves Road, Andheri (East), Chakala MIDC, Mumbai, Maharashtra 400093 |
| Authorized capital | ₹67.9 Cr |
| Paid-up capital | ₹23.1 Cr equity share capital |
Source: tofler.in, thecompanycheck.com, careratings.com
Business Overview
- MIRC Electronics Limited makes and markets TVs, audio systems, washing machines and air conditioners.
- Its products are sold mainly under the Onida brand in India.
- The company was incorporated on 01 January 1981 and is based in Andheri East, Mumbai.
- It is listed on BSE and NSE and was renamed Onida Electronics Limited in 2026.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Vijay Jaikrishin Mansukhani | 01041809 | Managing Director | - |
| Kaval Gulu Mirchandani | 01179978 | Whole-time Director | - |
| Sasha Gulu Mirchandani | 01179921 | Director | - |
| Arvind Rajkishore Sharma | 01229072 | Director | - |
| Mohita Arora | 08771417 | Director | - |
| Nandini Mansinghka | 03570647 | Director | - |
| Milind Chandrakant Pokle | 10764304 | Director | - |
Source: MCA records via tofler.in, thecompanycheck.com, falconebiz.com
Financials
- Total operating income ₹746.69 Cr
- Revenue ₹968.04 Cr
- Net loss ₹62.21 Cr
- Net worth ₹128.44 Cr
- Total assets ₹569.85 Cr
- Total debt ₹102.72 Cr
Source: thecompanycheck.com, careratings.com
Funding
| Oct 2025 | About ₹150 Cr raised through preferential allotment of shares and warrants |
|---|---|
| Aug 2025 | About ₹49 Cr raised through a rights issue |
Charges & Borrowings
| Open charges | ₹836.91 Cr |
|---|---|
| Satisfied charges | ₹1,101.42 Cr |
| Largest charge holder | State Bank of India, ₹632.20 Cr |
Source: MCA records via thecompanycheck.com
Credit Ratings
- - Mar 2026: CARE Ratings rated its bank facilities CARE BB-
- Stable / CARE A4
Source: careratings.com
Legal & Compliance
- 2024: MIRC Electronics Ltd vs Commissioner of Customs, Nhava Sheva - customs duty dispute.
- 2024: Shashank Gupta vs MIRC Electronics Ltd - labour dispute about bonus and ex-gratia.
- 2011: MIRC Electronics Ltd vs D.J. Narasimha Rao - consumer dispute revision.
- MIRC Electronics Ltd vs Department of Income Tax - tax dispute.
- MIRC Electronic Ltd vs M/S Power Plaza - commercial dispute.
Source: indiankanoon.org
Competitors
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