Milestones Switchgears Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 9.77 M
- Company Age 32 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 61.50 Cr
- Satisfied Charges ₹ 44.06 Cr
- Revenue Growth 11.73%
- Profit Growth 14.27%
- Ebitda 187.12%
- Net Worth 6.24%
- Total Assets -6.67%
About Milestones Switchgears
Milestones Switchgears Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 April 1992 and has a history of 32 years and ten months. Its registered office is in Delhi, 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 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 9.77 M.
The company currently has active open charges totaling ₹61.50 Cr. The company has closed loans amounting to ₹44.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shashi Aggarwal, Gautam Aggarwal, and Anila Aggarwal serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U74899DL1992PTC048298
- Company No.
048298
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Apr 1992
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Energy and Power
What products or services does Milestones Switchgears Private Limited offer?
Milestones Switchgears Private Limited offers a wide range of products and services, including Busbar Systems, Bus Ducts, Industrial Control Panel, Mimic Panels, Switchboards, Electrical Distribution System, Power Distribution Board, Control Equipment, Motor Control Centers, Electric Control Panel.
Who are the key members and board of directors at Milestones Switchgears?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shashi Aggarwal  | Director | 10-Apr-1992 | Current |
| Gautam Aggarwal | Director | 10-Apr-1992 | Current |
| Anila Aggarwal | Director | 03-Mar-2014 | Current |
Financial Performance of Milestones Switchgears.
Milestones Switchgears Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.73% increase. The company also saw a substantial improvement in profitability, with a 14.27% increase in profit. The company's net worth moved up by a moderate rise of 6.24%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Milestones Switchgears?
In 2023, Milestones Switchgears had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
United Electric Co Delhi Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Milestone Engineering Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Mile Aire Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Karolia Lighting Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Charges (Loans)
Open Charges
₹61.50 Cr
Satisfied Charges
₹44.06 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 61.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jan 2024 | Hdfc Bank Limited | ₹17.50 Cr | Open |
| 15 Oct 2020 | Hdfc Bank Limited | ₹44.00 Cr | Open |
| 12 Oct 2010 | Union Bank Of India | ₹2.00 Cr | Satisfied |
| 09 May 2008 | Union Bank Of India | ₹10.23 Cr | Satisfied |
| 24 Dec 2007 | Union Bank Of India | ₹6.45 Cr | Satisfied |
How Many Employees Work at Milestones Switchgears?
Milestones Switchgears has a workforce of 74 employees as of Apr 06, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Milestones 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 Milestones Switchgears's trajectory.
Rating
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
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.