Popular Switchgears Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 1.91 M
- Company Age 40 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 83.34 Cr
- Satisfied Charges ₹ 20.06 Cr
- Revenue Growth 3.40%
- Profit Growth -9.45%
- Ebitda -3.88%
- Net Worth 15.20%
- Total Assets 21.16%
About Popular Switchgears
Popular Switchgears Private Limited (PSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 21 June 1984 and has a history of 40 years and eight months. Its registered office is in Mumbai, Maharashtra, 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 2.50 M and a paid-up capital of Rs 1.91 M.
The company currently has active open charges totaling ₹83.34 Cr. The company has closed loans amounting to ₹20.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
Amar Kadakia, Mahesh Kadakia, and Vaishali Kadakia serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31200MH1984PTC033209
- Company No.
033209
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
21 Jun 1984
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Energy and Power
What products or services does Popular Switchgears Private Limited offer?
Popular Switchgears Private Limited offers a wide range of products and services, including Electrical Panels & Distribution Box, Breaker Panels, Electric Control Panel, Meter Panel Board, Industrial Control Panel, Distribution Box, VFD, PLC, HMI & Control Equipments, Starters, AMF Panels, Power Control Center.
Who are the key members and board of directors at Popular Switchgears?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahesh Kadakia  | Managing Director | 21-Jun-1984 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Amar Kadakia | Director | 02-Jan-1995 | Current |
| Vaishali Kadakia | Director | 07-Feb-1998 | Current |
Financial Performance of Popular Switchgears.
Popular Switch Gears Pvt Ltd, for the financial year ended 2023, experienced modest growth in revenue, with a 3.4% increase. The company also saw a slight decrease in profitability, with a 9.45% decrease in profit. The company's net worth Soared by an impressive increase of 15.2%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Popular Switchgears?
In 2023, Popular Switchgears had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹833.40 M
Satisfied Charges
₹200.63 M
Charges Breakdown by Lending Institutions
- Others : 59.80 Cr
- Axis Bank Limited : 20.00 Cr
- The Saraswat Co-Op. Bank Ltd. : 3.14 Cr
- The Saraswat Cooperative Bank Ltd : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jul 2024 | Others | ₹17.00 Cr | Open |
| 12 Jul 2021 | Others | ₹20.00 Cr | Open |
| 17 Jun 2019 | Others | ₹8.00 M | Open |
| 07 Oct 2015 | Others | ₹17.00 Cr | Open |
| 07 Sep 2010 | Axis Bank Limited | ₹20.00 Cr | Open |
How Many Employees Work at Popular Switchgears?
Popular Switchgears has a workforce of 223 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 Popular 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 Popular 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.
Latest Updates, News, and FAQs on Popular Switchgears
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 170.00 M with Charge ID 100956905 was registered on 26 Jul 2024.
- Charges
A charge with Others of Rs. 50.00 M registered on 02 May 1988 with Charge ID 90185323 was modified on 26 Jul 2024.
- Charges
A charge with Others of Rs. 170.00 M registered on 07 Oct 2015 with Charge ID 10600453 was modified on 12 Jul 2024.
- Charges
A charge with Others of Rs. 200.00 M registered on 12 Jul 2021 with Charge ID 100478421 was modified on 02 May 2024.
- Charges
A charge with Axis Bank Limited of Rs. 200.00 M registered on 07 Sep 2010 with Charge ID 10238692 was modified on 25 Apr 2024.
- Charges
A charge registered on 17 Jun 2022 via Charge ID 100588437 with Others was fully satisfied on 23 Apr 2024.
Frequently asked questions
What is the Incorporation or founding date of Popular Switchgears Private Limited?
Popular Switchgears Private Limited was incorporated on 21 Jun 1984.
What is authorized share capital and paid-up capital of Popular Switchgears Private Limited?
The authorized share capital of Popular Switchgears Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.91 M.
Who are the current board members & directors of Popular Switchgears Private Limited?
Currently 3 directors are associated with Popular Switchgears Private Limited.
- Amar Mahesh Kadakia
- Mahesh Chimanlal Kadakia
- Vaishali Amar Kadakia
What is the registered address of Popular Switchgears Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Popular Switchgears Private Limited is 712 Arun Chambers Tardeo Main Road, India, Mumbai, Maharashtra, 400034.
What is the corporate identification number (CIN) and company number of Popular Switchgears Private Limited?
The corporate identification number (CIN) of Popular Switchgears Private Limited is U31200MH1984PTC033209 and the company number is 033209 as per Ministry of Corporate Affairs (MCA).
What is the official website of Popular Switchgears Private Limited?
The Official website of Popular Switchgears Private Limited is https://www.popularswitchgears.co.in
What has been the recent revenue trend for Popular Switchgears Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Popular Switchgears Private Limited has risen by 3.40%.
How many employees does Popular Switchgears Private Limited currently have?
As Per 2023 financial reports, 223 employees are currently employed by Popular Switchgears Private Limited.
What change has been observed in the net worth of Popular Switchgears Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Popular Switchgears Private Limited has experienced an upsurge of 15.20%.
What are the total open charges for Popular Switchgears Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Popular Switchgears Private Limited amount to ₹ 83.34 Cr.
When was the last Balance Sheet of Popular Switchgears Private Limited filed with the ROC?
The most recent Balance Sheet for Popular Switchgears Private Limited was filed with the ROC on 31 Mar 2023.