Switch Mobility Automotive Limited

Produces and sells electric vehicles, including E-Buses, with large manufacturing capacity.

2020 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Switch Mobility Automotive Profile

Key Indicators

  • Authorised Capital ₹ 431.00 Cr
  • Paid Up Capital ₹ 354.40 Cr
  • Company Age 4 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 909.00 Cr
  • Satisfied Charges ₹ 182.00 Cr
  • Revenue Growth 1693.89%
  • Profit Growth -334.16%
  • Ebitda -190.84%
  • Net Worth 211.25%
  • Total Assets 193.13%

About Switch Mobility Automotive

Switch Mobility Automotive Limited (SMAL) is a Public Limited Indian Non-Government Company incorporated in India on 28 December 2020 (Four years and four months 17 days old ). Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Automotive 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 431.00 Cr and a paid-up capital of Rs 354.40 Cr.

The company currently has active open charges totaling ₹909.00 Cr. The company has closed loans amounting to ₹182.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Switch Mobility Automotive Limited India are Lalit Malik as Cfo, Mr Babu as Ceo, and Gokul Cherukara as Company Secretary. Dheeraj Hinduja, Aditya Sapru, Gopal Mahadevan, and Three other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U34300TN2020PLC140385

  • Company No.

    140385

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Dec 2020

  • Date of AGM

    30 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Automotive
Company report

Switch Mobility Automotive Limited

Explore comprehensive data for Switch Mobility Automotive Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Switch Mobility Automotive?

Executive Team (3)

NameDesignationAppointment DateStatus
Lalit Malik CFO21-Feb-2024Current
Mr Babu Country flag representing In CEO30-Dec-2021Current
Gokul Cherukara Country flag representing In Company Secretary20-Dec-2021Current

Board Members (6)

NameDesignationAppointment DateStatus
Venkataramani Sumantran Country flag representing In Director 04-Apr-2022Current
Manju Agarwal Country flag representing In Director 04-Apr-2022Current
Gopal Mahadevan Country flag representing In Director 28-Dec-2020Current
Dheeraj Hinduja Country flag representing Gb Director 04-Apr-2022Current
Aditya Sapru Country flag representing In Director 18-Jul-2022Current
Mahesh Subramanian Country flag representing In Director and Ceo 04-Oct-2021Current

Financial Performance of Switch Mobility Automotive.

Switch Mobility Automotive Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 1693.89% increase. The company also saw a substantial fall in profitability, with a 334.16% decrease in profit. The company's net worth Soared by an impressive increase of 211.25%.

Switch Mobility Automotive revenue growth over time
Switch Mobility Automotive 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
1693.89%
Revenue from Operations
1703.45%
Total Assets
193.13%
Profit or Loss
-334.16%
Net Worth
211.25%
EBITDA
-190.84%

What is the Ownership and Shareholding Structure of Switch Mobility Automotive?

In 2023, Switch Mobility Automotive 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

₹909.00 Cr

Satisfied Charges

₹182.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 519.00 Cr
  • Hdfc Bank Limited : 240.00 Cr
  • Yes Bank Limited : 150.00 Cr

Latest Charge Details

DateLenderAmountStatus
19 Sep 2024Hdfc Bank Limited₹240.00 CrOpen
29 Mar 2024Yes Bank Limited₹150.00 CrOpen
20 Jan 2023Others₹434.50 CrOpen
29 Jan 2022Others₹84.50 CrOpen
19 Oct 2022Others₹106.00 CrSatisfied

How Many Employees Work at Switch Mobility Automotive?

Switch Mobility Automotive has a workforce of 284 employees as of Apr 04, 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.

Employee growth trends for Switch Mobility Automotive Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Switch Mobility Automotive, 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 Switch Mobility Automotive'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 Switch Mobility Automotive

Recent activity within the organization

  • Charges

    A charge registered on 28 Sep 2022 via Charge ID 100619409 with Others was fully satisfied on 05 Oct 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 240.00 Cr with Charge ID 100977963 was registered on 19 Sep 2024.

  • Annual General Meeting

    Switch Mobility Automotive Limited last Annual general meeting of members was held on 30 Aug 2024 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 84.50 Cr registered on 29 Jan 2022 with Charge ID 100538859 was modified on 24 Apr 2024.

  • Balance Sheet

    Switch Mobility Automotive Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 150.00 Cr with Charge ID 100900437 was registered on 29 Mar 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Switch Mobility Automotive Limited?

    Switch Mobility Automotive Limited was incorporated on 28 Dec 2020.

  • What is authorized share capital and paid-up capital of Switch Mobility Automotive Limited?

    The authorized share capital of Switch Mobility Automotive Limited is ₹ 431.00 Cr and paid-up capital is ₹ 354.40 Cr.

  • Who are the current board members & directors of Switch Mobility Automotive Limited?

    Currently 9 directors are associated with Switch Mobility Automotive Limited.

    • Dheeraj Gopichand Hinduja
    • Aditya Sapru
    • Gopal Mahadevan
    • Venkataramani Sumantran
    • Manju Agarwal
    • Mahesh Babu Subramanian
    • Lalit Malik
    • Mr Mahesh Babu
    • Gokul Mannur Cherukara

  • What is the registered address of Switch Mobility Automotive Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Switch Mobility Automotive Limited is No. 1 Sardar Patel Road Guindy, India, Chennai, Tamil Nadu, 600032.

  • What is the corporate identification number (CIN) and company number of Switch Mobility Automotive Limited?

    The corporate identification number (CIN) of Switch Mobility Automotive Limited is U34300TN2020PLC140385 and the company number is 140385 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Switch Mobility Automotive Limited?

    The Official website of Switch Mobility Automotive Limited is https://www.switchmobility.tech

  • What has been the recent revenue trend for Switch Mobility Automotive Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Switch Mobility Automotive Limited has risen by 1693.89%.

  • How many employees does Switch Mobility Automotive Limited currently have?

    As Per 2023 financial reports, 284 employees are currently employed by Switch Mobility Automotive Limited.

  • What change has been observed in the net worth of Switch Mobility Automotive Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Switch Mobility Automotive Limited has experienced an upsurge of 211.25%.

  • What are the total open charges for Switch Mobility Automotive Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Switch Mobility Automotive Limited amount to ₹ 909.00 Cr.

  • When was the last Balance Sheet of Switch Mobility Automotive Limited filed with the ROC?

    The most recent Balance Sheet for Switch Mobility Automotive Limited was filed with the ROC on 31 Mar 2024.

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