Switch-On Industries Private Limited

Manufactures consumer electronics in Maharashtra since 2021.

2021 | Thane, Maharashtra (India) | Active
Last Updated: November 16, 2024

Switch-On Industries Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 3 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.01 Cr
  • Revenue Growth 2335.39%
  • Profit Growth 21325.75%
  • Ebitda 3123.94%
  • Net Worth 3910.46%
  • Total Assets 176.23%

About Switch-On Industries

Switch-On Industries Private Limited (SIPL) is a Private Limited Indian Non-Government Company incorporated in India on 16 December 2021 (Three years and two months 13 days old ). Its registered office is in Thane, Maharashtra, India.

The Company is engaged in the Consumer Electronics & Durables 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 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹5.01 Cr.

Bipin Shah and Tejas Shah serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U36999MH2021PTC373454

  • Company No.

    373454

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Dec 2021

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Consumer Electronics & Durables

Who are the key members and board of directors at Switch-On Industries?

Board Members (2)

NameDesignationAppointment DateStatus
Bipin Shah Country flag representing In Director 16-Dec-2021Current
Tejas Shah Country flag representing In Director 16-Dec-2021Current

Financial Performance of Switch-On Industries.

Switch-On Industries Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 2335.39% increase. The company also saw a substantial improvement in profitability, with a 21325.75% increase in profit. The company's net worth Soared by an impressive increase of 3910.46%.

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
2335.39%
Revenue from Operations
2335.14%
Total Assets
176.23%
Profit or Loss
21325.75%
Net Worth
3910.46%
EBITDA
3123.94%

What is the Ownership and Shareholding Structure of Switch-On Industries?

Unlock access to Switch-On Industries'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

₹50.10 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 3.92 Cr
  • Tata Capital Financial Services Limited : 1.09 Cr

Latest Charge Details

DateLenderAmountStatus
08 Jun 2024Others₹3.92 CrOpen
11 Apr 2023Tata Capital Financial Services Limited₹1.09 CrOpen

How Many Employees Work at Switch-On Industries?

Switch-On Industries has a workforce of 15 employees as of Apr 08, 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 Switch-On Industries, 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-On Industries'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-On Industries

Recent activity within the organization

  • Annual General Meeting

    Switch-On Industries Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

    28 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 39.20 M with Charge ID 100947947 was registered on 08 Jun 2024.

    08 Jun 2024

  • Balance Sheet

    Switch-On Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge with Tata Capital Financial Services Limited amounted to Rs. 10.90 M with Charge ID 100721977 was registered on 11 Apr 2023.

    11 Apr 2023

  • Director Appointment

    Bipin Chinubhai Shah was appointed as a Director was appointed as a Director on 16 Dec 2021 & has been associated with this company since 3 years 2 months .

    16 Dec 2021

  • Director Appointment

    Tejas Bipin Shah was appointed as a Director was appointed as a Director on 16 Dec 2021 & has been associated with this company since 3 years 2 months .

    16 Dec 2021

Frequently asked questions

  • What is the Incorporation or founding date of Switch-On Industries Private Limited?

    Switch-On Industries Private Limited was incorporated on 16 Dec 2021.

  • What is authorized share capital and paid-up capital of Switch-On Industries Private Limited?

    The authorized share capital of Switch-On Industries Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Switch-On Industries Private Limited?

    Currently 2 directors are associated with Switch-On Industries Private Limited.

    • Bipin Chinubhai Shah
    • Tejas Bipin Shah
  • What is the registered address of Switch-On Industries Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Switch-On Industries Private Limited is Gala No.27 First Floor Meghdoot Estate, East - India, Vasai, Maharashtra, 401208.

  • What is the corporate identification number (CIN) and company number of Switch-On Industries Private Limited?

    The corporate identification number (CIN) of Switch-On Industries Private Limited is U36999MH2021PTC373454 and the company number is 373454 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Switch-On Industries Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Switch-On Industries Private Limited has risen by 2335.39%.

  • How many employees does Switch-On Industries Private Limited currently have?

    As Per 2023 financial reports, 15 employees are currently employed by Switch-On Industries Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Switch-On Industries Private Limited has experienced an upsurge of 3910.46%.

  • What are the total open charges for Switch-On Industries Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Switch-On Industries Private Limited amount to ₹ 5.01 Cr.

  • When was the last Balance Sheet of Switch-On Industries Private Limited filed with the ROC?

    The most recent Balance Sheet for Switch-On Industries Private Limited was filed with the ROC on 31 Mar 2024.

People also Viewed

Similar Companies Based on Electronics Manufacturing