Mex Switchgears Pvt Ltd

Manufacturer and exporter of electrical switchgears and controlgears for various sectors.

1979 | Jalandhar, Punjab (India) | Active
Last Updated: December 02, 2024

Mex Switchgears Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 2.50 M
  • Company Age 45 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.15 Cr
  • Satisfied Charges ₹ 1.63 Cr
  • Revenue Growth -3.70%
  • Profit Growth 26.53%
  • Ebitda -33.10%
  • Net Worth 5.42%
  • Total Assets 0.96%

About Mex Switchgears

Mex Switchgears Pvt Ltd (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 August 1979 and has a history of 45 years and six months. Its registered office is in Jalandhar, Punjab, India.

The Company is engaged in the Energy And Power 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 5.00 M and a paid-up capital of Rs 2.50 M.

The company currently has active open charges totaling ₹2.15 Cr. The company has closed loans amounting to ₹1.63 Cr, as per Ministry of Corporate Affairs (MCA) records.

Jai Kishan, Shimmi Kalra, Chitwan Saini, and One other member serve as directors at the Company.

Company Details

  • Location

    Jalandhar, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U31200PB1979PTC004019

  • Company No.

    004019

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Aug 1979

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Energy and Power

What products or services does Mex Switchgears Pvt Ltd offer?

Mex Switchgears Pvt Ltd offers a wide range of products and services, including Relays and Contactors, Power Contactors, Relays, Fuses, Circuit Breakers & Components, Current Limiting and Changeover Devices, Electrical Panels & Distribution Box, Pump Control Panels, High Voltage Circuit Breakers, Distribution Box, Enclosures & Cabinets.

Who are the key members and board of directors at Mex Switchgears?

Executive Team (1)

Name Designation Appointment Date Status
Jai Kishan Country flag representing In Managing Director 09-Aug-1979 Current

Board Members (3)

Name Designation Appointment Date Status
Shimmi Kalra Country flag representing In Whole-Time Director 01-Jan-2010 Current
Chitwan Saini Country flag representing In Whole-Time Director 01-Apr-2010 Current
Tejal Saini Country flag representing In Whole-Time Director 16-Oct-2020 Current

Financial Performance of Mex Switchgears.

Mex Switchgears Pvt Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.7% decrease. The company also saw a substantial improvement in profitability, with a 26.53% increase in profit. The company's net worth moved up by a moderate rise of 5.42%.

Graph illustrating revenue growth over time
Graph showing 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
-3.70%
Revenue from Operations
-3.63%
Total Assets
0.96%
Profit or Loss
26.53%
Net Worth
5.42%
EBITDA
-33.10%

What is the Ownership and Shareholding Structure of Mex Switchgears?

Unlock access to Mex Switchgears's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹21.50 M

Satisfied Charges

₹16.30 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 2.15 Cr

Latest Charge Details

Date Lender Amount Status
24 May 2005 State Bank Of India ₹2.15 Cr Open
16 Dec 2019 Others ₹3.00 M Satisfied
27 Oct 2010 District Industries Centre ₹0.45 M Satisfied
28 Apr 2008 State Bank Of India ₹0.94 M Satisfied
24 May 2005 State Bank Of India ₹0.70 M Satisfied

How Many Employees Work at Mex Switchgears?

Mex Switchgears has a workforce of 172 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mex Switchgears, 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 Mex Switchgears'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 Mex Switchgears

Recent activity within the organization

  • Annual General Meeting

    Mex Switchgears Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Mex Switchgears Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

  • Charges

    A charge registered on 16 Dec 2019 via Charge ID 100340836 with Others was fully satisfied on 27 May 2023.

    27 May 2023

  • Charges

    A charge registered on 27 Oct 2010 via Charge ID 10244831 with District Industries Centre was fully satisfied on 23 Aug 2021.

    23 Aug 2021

  • Director Appointment

    Tejal Saini was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 16 Oct 2020 & has been associated with this company since 4 years 3 months .

    16 Oct 2020

  • Charges

    A charge registered on 28 Apr 2008 via Charge ID 10117851 with State Bank Of India was fully satisfied on 05 Jun 2020.

    05 Jun 2020

Frequently asked questions

  • Mex Switchgears Pvt Ltd was incorporated on 09 Aug 1979.

  • The authorized share capital of Mex Switchgears Pvt Ltd is ₹ 5.00 M and paid-up capital is ₹ 2.50 M.

  • Currently 4 directors are associated with Mex Switchgears Pvt Ltd.

    • Jai Saini Kishan
    • Shimmi Kalra
    • Chitwan Saini
    • Tejal Saini
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mex Switchgears Pvt Ltd is Mexestate 9Th Km Pathankot Road India, Jalandhar, Punjab, 144012.

  • The corporate identification number (CIN) of Mex Switchgears Pvt Ltd is U31200PB1979PTC004019 and the company number is 004019 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mex Switchgears Pvt Ltd is https://www.mexswitchgears.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mex Switchgears Pvt Ltd has fallen by -3.70%.

  • As Per 2023 financial reports, 172 employees are currently employed by Mex Switchgears Pvt Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mex Switchgears Pvt Ltd has experienced an upsurge of 5.42%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Mex Switchgears Pvt Ltd amount to ₹ 2.15 Cr.

  • The most recent Balance Sheet for Mex Switchgears Pvt Ltd was filed with the ROC on 31 Mar 2024.

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