About Ericsson India Private Limited
Data last updated:
Ericsson India Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Ericsson India Global Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 12 March 1992.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1992PTC047977. The company has 39 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹72.5 Cr and a paid-up capital of ₹54.38 Cr. It was formerly known as Ericsson Telecommuncations Private Limited. It was led by directors including Nitin Bansal (Managing Director) and Karin Petra Maria Schirren.
Its last annual general meeting (AGM) was held on 11 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 4th Floor Dhaka House 18/17 Wea Karol Bagh, New Delhi, Delhi, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹12,597 Cr, a growth of 100% compared to the previous year. For the same year it recorded a net profit of ₹536.3 Cr (net margin 4.3%) and EBITDA of ₹896.1 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 11% over five years.
The company had about 19,041 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 58 cases involving the company, including 21 filed by the company and 37 filed against it; 7 cases are pending.
The last known website on record is ericsson.com.
Company details
Contact details
Ericsson India Private Limited's registered office is in New Delhi, Delhi. Its website is ericsson.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Dhaka House 18/17 Wea Karol Bagh, New Delhi, Delhi, India
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Ericsson India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of Ericsson India are manufacturing, trade and information and communication. In detail, this covers computer, electronic, communication and scientific measuring & control equipment, retail trading and other information & communication service activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | |
| G | Trade | G2 | Retail Trading | |
| J | Information and communication | J8 | Other information & communication service activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | |
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Ericsson India Private Limited, buy the company report.
Financials of Ericsson India Private Limited
FY 2023 filings availableEricsson India Private Limited reported revenue of ₹12,597 Cr (up 100% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 100% growth in the latest year. EBITDA rose 66% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹896.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹536.3 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 4.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ericsson India Private Limited, buy the company report.
Board of directors and KMP of Ericsson India Private Limited
Ericsson India Private Limited currently reports 4 directors and 1 key managerial person. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karin Petra Maria Schirren | Director | 30 Sep 2020 | 6 Years 0 Months | As last reported |
| Rajesh Gupta Also directs: Ericsson India Private Limited | Director | 06 Jul 2022 | 4 Years 3 Months | As last reported |
| Nunzio Mirtillo | Director | 27 Jun 2017 | 9 Years 3 Months | As last reported |
| Nitin Bansal Also directs: Ericsson India Private Limited, Swedish Chamber of Commerce India | Managing Director | 06 Jul 2022 | 4 Years 3 Months | As last reported |
| Vishal Garg | Company Secretary | 26 Mar 2018 | 8 Years 7 Months | As last reported |
Peer comparison
Ericsson India Private Limited is compared with the 3 companies closest to it by revenue in the Telecom industry (Telecom Equipment and Technology), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ericsson India Private Limitedthis company | ₹12,597 Cr (FY 2023) | ₹536.3 Cr | 4.3% | 100.0% | 19,041 | New Delhi, Delhi, India |
| Tejas Networks Limited | ₹8,968.63 Cr (FY 2025) | 254.0% | Bangalore, Karnataka, India | |||
| Jabil Circuit India Private Limited | ₹7,352.62 Cr (FY 2025) | -45.0% | Shirur, Maharashtra, India | |||
| HFCL Limited | ₹4,565.64 Cr (FY 2024) | -5.0% | Himachal Pradesh, India |
To see the full peer comparison of Ericsson India Private Limited, buy the company report.
Auditor
Ericsson India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2022 | 117366W/W-100018 |
Shareholding
The shareholding of Ericsson India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ericsson India Private Limited, buy the company report.
Legal cases
Ericsson India Private Limited has 58 court cases on record: 21 filed by Ericsson India, 37 filed against it. 7 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 26 | 3 |
| High courts | 16 | 7 | 4 |
| NCLT | 4 | 0 | 0 |
| NCLAT | 4 | 3 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Arbitration matter | Filed against the company by Aerial Telecom Solutions Pvt Ltd | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by The Best Towers Private Limited | Disposed |
| District court, Mohali, Punjab | Execution petition | Filed against the company by Aerial Telecom Solutions Pvt. Ltd. | Disposed |
| NCLAT, Restoration App | Court case (Restoration App) | Filed against the company by The Best Towers Private Limited | Disposed |
| High Court, HARYANA | Arbitration matter | Filed against the company by Aerial Telecom Solutions Pvt. Ltd. | Disposed |
To see the full case history of Ericsson India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ericsson India Private Limited was last rated by Icra on 24 May 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 May 2018 |
To see the full credit ratings and regulatory alerts of Ericsson India Private Limited, buy the company report.
MSME payment delays
Ericsson India Private Limited has 18 MSME Form 1 returns on record between 2019 and 2023, listing 505 overdue payments to 69 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 69)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Integrated Wireless Solutions Private Limited | |||
| Maksat Technologies Private Limited | |||
| Rocsearch India Private Limited | |||
| Annai Consultancy |
To see the full MSME payment records of Ericsson India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ericsson India Private Limited has a workforce of 19,041 employees on its EPFO records as of Apr 07, 2024, across 3 active EPFO establishments.
GST
Ericsson India has 39 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ericsson India Private Limited, buy the company report.
Recent activity
Ericsson India Private Limited has 28 board changes on record since 2007: 5 appointments and 23 cessations. The latest: Rajesh Gupta ceased to be Additional Director on 18 Jul 2022.
19 earlier events are in the company report.
News
Frequently asked questions
Ericsson India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ericsson India was a private limited company based in New Delhi, Delhi, India. The company worked in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 12 March 1992 and is registered under CIN U74899DL1992PTC047977. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ericsson India was incorporated on 12 March 1992. It is registered with the Registrar of Companies, Delhi.
Ericsson India had 5 directors and KMP:
- Nitin Bansal - Managing Director
- Karin Petra Maria Schirren - Director
- Rajesh Gupta - Director
- Nunzio Mirtillo - Director
- Vishal Garg - Company Secretary
The CIN (Corporate Identification Number) of Ericsson India is U74899DL1992PTC047977. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ericsson India is at 4th Floor Dhaka House 1817 Wea Karol Bagh, New Delhi, Delhi, India.
Ericsson India can be reached through the website ericsson.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Ericsson India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 11 August 2023. Year-wise statements from 2015 are in the company report.
No. Ericsson India has 39 GST registrations on record and all of them are cancelled or inactive.
Ericsson India operated in the telecom industry, in the telecom equipment and tech solutions segment.
The peers of Ericsson India by revenue are Tejas Networks Limited, Jabil Circuit India Private Limited, HFCL Limited, all in the Telecom industry (Telecom Equipment and Technology), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Ericsson India has 18 MSME Form 1 returns on record between 2019 and 2023, listing 505 overdue payments to 69 micro and small suppliers. The latest return was filed on 31 Aug 2023.