Onida Electronics
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Onida Electronics announced a sweeping management overhaul at its board meeting on Thursday, naming Gunjan Srivastava as managing director and chief executive, and Manish Desai as chief financial officer and whole-time director. Mr Srivastava, who has served as CEO since February 2026, now takes the additional role of managing director. The board accepted the resignation of Shirish Suvagia, who stepped down as whole-time director and CFO to pursue a sabbatical. Mr Suvagia cited personal learning and professional development as reasons. Separately, Kaval Mirchandani’s designation was changed from managing director to whole-time director. The board also granted 1.25 million employee stock options under its 2023 plan, with performance-linked vesting over one year. All changes take effect July 4, 2026, subject to shareholder approval.
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Onida Electronics announced a sweeping management overhaul at its board meeting on Thursday, naming Gunjan Srivastava as managing director and chief executive, and Manish Desai as chief financial officer and whole-time director. Mr Srivastava, who has served as CEO since February 2026, now takes the additional role of managing director. The board accepted the resignation of Shirish Suvagia, who stepped down as whole-time director and CFO to pursue a sabbatical. Mr Suvagia cited personal learning and professional development as reasons. Separately, Kaval Mirchandani’s designation was changed from managing director to whole-time director. The board also granted 1.25 million employee stock options under its 2023 plan, with performance-linked vesting over one year. All changes take effect July 4, 2026, subject to shareholder approval.
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April 17 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - APPROVES REDEVELOPMENT AND/OR SALE OF 'ONIDA HOUSE' PROPERTY IN MUMBAI
Source text: ID:nNSE8LwZ6R
Further company coverage: MIRC.NS
(([email protected];;))
April 17 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - APPROVES REDEVELOPMENT AND/OR SALE OF 'ONIDA HOUSE' PROPERTY IN MUMBAI
Source text: ID:nNSE8LwZ6R
Further company coverage: MIRC.NS
(([email protected];;))
Feb 11 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS DEC-QUARTER LOSS AFTER TAX 131.1 MILLION RUPEES
MIRC ELECTRONICS DEC-QUARTER REVENUE FROM OPERATIONS 2.12 BILLION RUPEES
Source text: ID:nBSE3lNlVD
Further company coverage: MIRC.NS
(([email protected];))
Feb 11 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS DEC-QUARTER LOSS AFTER TAX 131.1 MILLION RUPEES
MIRC ELECTRONICS DEC-QUARTER REVENUE FROM OPERATIONS 2.12 BILLION RUPEES
Source text: ID:nBSE3lNlVD
Further company coverage: MIRC.NS
(([email protected];))
Aug 8 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - BOARD TO CONSIDER FUND RAISING VIA SECURITIES ON AUGUST 13
Source text: ID:nBSE4SMJ38
Further company coverage: MIRC.NS
(([email protected];))
Aug 8 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - BOARD TO CONSIDER FUND RAISING VIA SECURITIES ON AUGUST 13
Source text: ID:nBSE4SMJ38
Further company coverage: MIRC.NS
(([email protected];))
July 2 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - TO ISSUE NCDS UP TO 600 MILLION RUPEES
Source text: ID:nBSE3mL6VN
Further company coverage: MIRC.NS
(([email protected];;))
July 2 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - TO ISSUE NCDS UP TO 600 MILLION RUPEES
Source text: ID:nBSE3mL6VN
Further company coverage: MIRC.NS
(([email protected];;))
June 27 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - BOARD MEETING ON JULY 02, 2025 TO CONSIDER ISSUANCE OF DEBENTURES
Source text: ID:nBSE6Zd7x0
Further company coverage: MIRC.NS
(([email protected];))
June 27 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS LTD - BOARD MEETING ON JULY 02, 2025 TO CONSIDER ISSUANCE OF DEBENTURES
Source text: ID:nBSE6Zd7x0
Further company coverage: MIRC.NS
(([email protected];))
** Shares of India's Ram Ratna Wires RAMR.NS and MIRC Electronics MIRC.NS jump 4.2% and 4.5%, respectively
** MIRC, RAMR lead rise after being provisionally selected in production-linked incentive (PLI) scheme, aimed at boosting domestic manufacturing, for air conditioners
** Among firms selected provisionally for scheme for LED lights: Lumax Industries LUMA.NS flat, Uno Minda UNOI.NS down 3%
** Already applicant firms Hindalco HALC.NS and a unit of Blue Star BLUS.NS moved to higher category
** HALC, BLUS up 0.6% and 0.9%, respectively
** Voltas VOLT.NS, despite being moved to higher category, an outlier, falls 3.4%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Ram Ratna Wires RAMR.NS and MIRC Electronics MIRC.NS jump 4.2% and 4.5%, respectively
** MIRC, RAMR lead rise after being provisionally selected in production-linked incentive (PLI) scheme, aimed at boosting domestic manufacturing, for air conditioners
** Among firms selected provisionally for scheme for LED lights: Lumax Industries LUMA.NS flat, Uno Minda UNOI.NS down 3%
** Already applicant firms Hindalco HALC.NS and a unit of Blue Star BLUS.NS moved to higher category
** HALC, BLUS up 0.6% and 0.9%, respectively
** Voltas VOLT.NS, despite being moved to higher category, an outlier, falls 3.4%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Oct 30 (Reuters) - MIRC Electronics Ltd MIRC.NS:
SEPT-QUARTER PAT 13.5 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 1.51 BILLION RUPEES
Source text: ID:nBSE12t3Gw
Further company coverage: MIRC.NS
(([email protected];;))
Oct 30 (Reuters) - MIRC Electronics Ltd MIRC.NS:
SEPT-QUARTER PAT 13.5 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 1.51 BILLION RUPEES
Source text: ID:nBSE12t3Gw
Further company coverage: MIRC.NS
(([email protected];;))
Aug 28 (Reuters) - MIRC Electronics Ltd MIRC.NS:
TO CONSIDER FUND RAISE VIA RIGHTS ISSUE
Source text for Eikon: ID:nBSE8Bghtc
Further company coverage: MIRC.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Aug 28 (Reuters) - MIRC Electronics Ltd MIRC.NS:
TO CONSIDER FUND RAISE VIA RIGHTS ISSUE
Source text for Eikon: ID:nBSE8Bghtc
Further company coverage: MIRC.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Feb 8 (Reuters) - MIRC Electronics Ltd MIRC.NS:
DEC-QUARTER PAT 15.5 MILLION RUPEES VERSUS LOSS 25.6 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 2.95 BILLION RUPEES VERSUS 2.71 BILLION RUPEES
Further company coverage: MIRC.NS
(([email protected];))
Feb 8 (Reuters) - MIRC Electronics Ltd MIRC.NS:
DEC-QUARTER PAT 15.5 MILLION RUPEES VERSUS LOSS 25.6 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 2.95 BILLION RUPEES VERSUS 2.71 BILLION RUPEES
Further company coverage: MIRC.NS
(([email protected];))
Nov 2 (Reuters) - MIRC Electronics Ltd MIRC.NS:
INDIA'S MIRC ELECTRONICS SEPT-QUARTER LOSS AFTER TAX 64.3 MILLION RUPEES VERSUS LOSS 30.2 MILLION RUPEES
MIRC ELECTRONICS SEPT-QUARTER REVENUE FROM OPERATIONS 1.93 BILLION RUPEES VERSUS 2.69 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: MIRC.NS
(([email protected];))
Nov 2 (Reuters) - MIRC Electronics Ltd MIRC.NS:
INDIA'S MIRC ELECTRONICS SEPT-QUARTER LOSS AFTER TAX 64.3 MILLION RUPEES VERSUS LOSS 30.2 MILLION RUPEES
MIRC ELECTRONICS SEPT-QUARTER REVENUE FROM OPERATIONS 1.93 BILLION RUPEES VERSUS 2.69 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: MIRC.NS
(([email protected];))
Oct 11 (Reuters) - MIRC Electronics Ltd MIRC.NS:
CEO VIKRAM SURENDRAN RESIGNS
Further company coverage: MIRC.NS
(([email protected];))
Oct 11 (Reuters) - MIRC Electronics Ltd MIRC.NS:
CEO VIKRAM SURENDRAN RESIGNS
Further company coverage: MIRC.NS
(([email protected];))
April 12 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS NAMES VIKRAM SURENDRAN AS A CHIEF EXECUTIVE OFFICER
Source text for Eikon: ID:nNSE9Mymc0
Further company coverage: MIRC.NS
(([email protected];))
April 12 (Reuters) - MIRC Electronics Ltd MIRC.NS:
MIRC ELECTRONICS NAMES VIKRAM SURENDRAN AS A CHIEF EXECUTIVE OFFICER
Source text for Eikon: ID:nNSE9Mymc0
Further company coverage: MIRC.NS
(([email protected];))
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Popular questions
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What does Onida Electronics do?
Onida Electronics Ltd manufactures and markets consumer durables under the Onida brand, including televisions, air conditioners, washing machines, refrigerators and microwave ovens. The company also exports its products to international markets.
Who are the competitors of Onida Electronics?
Onida Electronics major competitors are Wonder Electricals, EPW India, Arham Technologies, Khaitan (India), Safa Systems & Tech., Srigee DLM, Riddhi Display Eqp.. Market Cap of Onida Electronics is ₹1,446 Crs. While the median market cap of its peers are ₹60 Crs.
Is Onida Electronics financially stable compared to its competitors?
Onida Electronics seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Onida Electronics pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Onida Electronics latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Onida Electronics allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Accounts Receivable, Short Term Loans & Advances
How strong is Onida Electronics balance sheet?
Balance sheet of Onida Electronics is strong. But short term working capital might become an issue for this company.
Is the profitablity of Onida Electronics improving?
The profit is oscillating. The profit of Onida Electronics is -₹74.74 Crs for TTM, -₹2.3 Crs for Mar 2025 and -₹62.21 Crs for Mar 2024.
Is the debt of Onida Electronics increasing or decreasing?
The net debt of Onida Electronics is decreasing. Latest net debt of Onida Electronics is ₹36.62 Crs as of Mar-26. This is less than Mar-25 when it was ₹58.98 Crs.
Is Onida Electronics stock expensive?
Onida Electronics is not expensive. Latest PE of Onida Electronics is 0, while 3 year average PE is 12.89. Also latest EV/EBITDA of Onida Electronics is 0.0 while 3yr average is 22.58.
Has the share price of Onida Electronics grown faster than its competition?
Onida Electronics has given better returns compared to its competitors. Onida Electronics has grown at ~170.22% over the last 1yrs while peers have grown at a median rate of -47.13%
Is the promoter bullish about Onida Electronics?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Onida Electronics is 40.51% and last quarter promoter holding is 40.51%.
Are mutual funds buying/selling Onida Electronics?
There is Insufficient data to gauge this.