Million Switch Gears Private Limited

Manufactures low-voltage electrical switchboards and systems since 1996.

1996 | Delhi (India) | Active
Last Updated:

Million Switch Gears Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 4.88 M
  • Company Age 28 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.00 M
  • Revenue Growth 4.20%
  • Profit Growth -11.13%
  • Ebitda 195.92%
  • Net Worth 7.06%
  • Total Assets 13.22%

About Million Switch Gears

Million Switch Gears Private Limited (MSGPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 June 1996 and has a history of 28 years and 11 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 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 4.88 M.

The company currently has active open charges totaling ₹1.00 M.

Seshmal Jain, Manju Devi, and Rahul Jain serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31909DL1996PTC079742

  • Company No.

    079742

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Jun 1996

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Energy and Power

What products or services does Million Switch Gears Private Limited offer?

Million Switch Gears Private Limited offers a wide range of products and services, including Fuses, Circuit Breakers & Components, Electrical Fuse.

Company report

Million Switch Gears Private Limited

Explore comprehensive data for Million Switch Gears Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Million Switch Gears?

Board Members (3)

NameDesignationAppointment DateStatus
Seshmal Jain Country flag representing In Director 18-Jun-1996Current
Manju Devi Country flag representing In Director 18-Jun-1996Current
Rahul Jain Country flag representing In Director 21-Jul-2012Current

Financial Performance of Million Switch Gears.

Million Switch Gears Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.2% increase. The company also saw a substantial fall in profitability, with a 11.13% decrease in profit. The company's net worth moved up by a moderate rise of 7.06%.

Million Switch Gears revenue growth over time
Million Switch Gears 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
4.20%
Revenue from Operations
4.20%
Total Assets
13.22%
Profit or Loss
-11.13%
Net Worth
7.06%
EBITDA
195.92%

What is the Ownership and Shareholding Structure of Million Switch Gears?

In 2017, Million Switch Gears had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.10 Cr

Latest Charge Details

DateLenderAmountStatus
03 Mar 2021Hdfc Bank Limited₹1.00 MOpen

How Many Employees Work at Million Switch Gears?

Unlock and access historical data on people associated with Million Switch Gears, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Million Switch Gears Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Million Switch Gears, 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 Million Switch Gears'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 Million Switch Gears

Recent activity within the organization

  • Annual General Meeting

    Million Switch Gears Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Million Switch Gears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.00 M with Charge ID 100439736 was registered on 03 Mar 2021.

  • Director Appointment

    Rahul Jain was appointed as a Director was appointed as a Director on 21 Jul 2012 & has been associated with this company since 12 years 10 months .

  • Director Appointment

    Seshmal Jain was appointed as a Director was appointed as a Director on 18 Jun 1996 & has been associated with this company since 28 years 11 months .

  • Director Appointment

    Manju Devi was appointed as a Director was appointed as a Director on 18 Jun 1996 & has been associated with this company since 28 years 11 months .

Frequently asked questions

  • What is the Incorporation or founding date of Million Switch Gears Private Limited?

    Million Switch Gears Private Limited was incorporated on 18 Jun 1996.

  • What is authorized share capital and paid-up capital of Million Switch Gears Private Limited?

    The authorized share capital of Million Switch Gears Private Limited is ₹ 5.00 M and paid-up capital is ₹ 4.88 M.

  • Who are the current board members & directors of Million Switch Gears Private Limited?

    Currently 3 directors are associated with Million Switch Gears Private Limited.

    • Seshmal Jain
    • Manju Devi
    • Rahul Jain

  • What is the registered address of Million Switch Gears Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Million Switch Gears Private Limited is 3/27A, Sahdev Gali Vishwas Nagar India, New Delhi, 110032.

  • What is the corporate identification number (CIN) and company number of Million Switch Gears Private Limited?

    The corporate identification number (CIN) of Million Switch Gears Private Limited is U31909DL1996PTC079742 and the company number is 079742 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Million Switch Gears Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Million Switch Gears Private Limited has risen by 4.20%.

  • What change has been observed in the net worth of Million Switch Gears Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Million Switch Gears Private Limited has experienced an upsurge of 7.06%.

  • What are the total open charges for Million Switch Gears Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Million Switch Gears Private Limited amount to ₹ 1.00 M.

  • When was the last Balance Sheet of Million Switch Gears Private Limited filed with the ROC?

    The most recent Balance Sheet for Million Switch Gears Private Limited was filed with the ROC on 31 Mar 2024.

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