MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-GJ-22-0036858
Switchx Industries Private Limited - e-commerce in Surat, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2024
₹48.23 Lakh
▲ 28% YoY
Net loss · FY 2024
₹11.92 Lakh
Net margin -24.7%
EBITDA · FY 2024
-₹9.39 Lakh
EBITDA margin -19.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Switchx Industries Private Limited
Data last updated:
Switchx Industries Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the online electronics retail segment of the e-commerce sector. It was incorporated on 23 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2020PTC117596. Its GSTIN is 24ABECS7352M1ZY (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Lalitadevi Mukeshkumar Bansal (Whole-Time Director) and Sanket Mukeshkumar Bansal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No.301 Mayflower Nr Surya Residency Vesu, Surat, Gujarat, India – 395007.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.23 Lakh, a growth of 28% compared to the previous year. For the same year it recorded a net loss of ₹11.92 Lakh (net margin -24.7%) and EBITDA of -₹9.39 Lakh (EBITDA margin -19.5%). Revenue has grown at a compounded annual rate (CAGR) of 434% over three years.
Switchx Industries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0036858). For more details, the company can be reached via its website switchx.in.
Company Details of Switchx Industries Private Limited
CIN U31909GJ2020PTC117596
Registration Number 117596
Incorporation Date 23 October 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0036858
Key People
Lalitadevi Mukeshkumar Bansal Whole-Time Director Sanket Mukeshkumar Bansal Whole-Time Director Recognitions & Rankings of Switchx Industries
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Apps
- Registered AddressFlat No.301 Mayflower Nr Surya Residency Vesu, Surat, Gujarat, India – 395007
- IndustryE-Commerce, Online Electronics Retail
Comprehensive company report
Switchx Industries Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
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- Legal cases, compliance and MCA filings
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Business Activity of Switchx Industries Private Limited
The main business activity of Switchx Industries is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Switchx Industries Private Limited FY 2025 filings available
Switchx Industries Private Limited reported revenue of ₹48.23 Lakh (up 28% YoY) for FY 2024.
Revenue · FY 2024
₹48.23 Lakh ▲ 28%
Net loss · FY 2024
₹11.92 Lakh margin -24.7%
EBITDA · FY 2024
-₹9.39 Lakh margin -19.5%
Compounded Annual Growth Rate (CAGR) of Switchx Industries Private Limited
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 434%
EBITDA CAGR growth
1 year
▲ 68%
3 years · compounded
▼ 751%
Revenue has grown at a compounded annual rate (CAGR) of 434% over three years, including 28% growth in the latest year. EBITDA rose 68% 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 of Switchx Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹9.39 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.92 Lakh | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Switchx Industries Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -19.5% | •••• | •••• | •••• |
| Net Profit Margin | -24.7% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Switchx Industries are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Switchx Industries Private Limited
Switchx Industries has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalitadevi Mukeshkumar Bansal | Whole-Time Director | 23 Oct 2020 | 5 Years 11 Months | Current |
| Sanket Mukeshkumar Bansal | Whole-Time Director | 23 Oct 2020 | 5 Years 11 Months | Current |
Peer Comparison of Switchx Industries Private Limited
Switchx Industries Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Electronic Goods). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paam97 Technologies Private Limited | ₹61.49 Lakh (FY 2025) | •••• | •••• | 707.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Quantab Technology Private Limited | ₹59.52 Lakh (FY 2021) | •••• | •••• | 2110.0% | •••• | Gahunje, Pune, Maharashtra, India |
| Laya Network Private Limited | ₹54.89 Lakh (FY 2024) | •••• | •••• | 129.0% | •••• | Uthukuli, Tamil Nadu, India |
| Pragya Global Private Limited | ₹54.33 Lakh (FY 2024) | •••• | •••• | -44.0% | •••• | Jaipur, Rajasthan, India |
| Ocom Private Limited | ₹52.32 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Bangalore, Karnataka, India |
| Switchx Industries Private Limited this company | ₹48.23 Lakh (FY 2024) | •••• | •••• | 28.0% | •••• | Surat, Gujarat, India |
| Infosagar Network Private Limited | ₹45.18 Lakh (FY 2025) | •••• | •••• | 25.0% | •••• | New Delhi, Delhi, India |
| Chefwise Ventures Private Limited | ₹42.77 Lakh (FY 2025) | •••• | •••• | -45.0% | •••• | Pune, Maharashtra, India |
| Hypertext Marketing Private Limited | ₹42.59 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Edisla Private Limited | ₹42.23 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Virudhunagar, Tamil Nadu, India |
| Danat Trading Private Limited | ₹38.89 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Switchx Industries by revenue in the Ecommerce and Internet industry (Electronic Goods), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Switchx Industries Private Limited
Switchx Industries Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Switchx Industries Private Limited
Employment history and EPFO contributions of people linked to Switchx Industries.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Switchx Industries Private Limited
Switchx Industries Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Lalitadevi Mukeshkumar Bansal was appointed as Whole-Time Director on 23 Oct 2020.
AGM
Switchx Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Switchx Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Lalitadevi Mukeshkumar Bansal was appointed as Whole-Time Director.
Appointed
Sanket Mukeshkumar Bansal was appointed as Whole-Time Director.
Incorporation
23 Oct 2020
Switchx Industries Private Limited was registered on 23 Oct 2020 with Roc Ahmedabad & aged 5 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Switchx Industries Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Switchx Industries Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Switchx Industries Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Switchx Industries Private Limited
Switchx Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABECS7352M1ZY | Gujarat | Active | 16 Jan 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Switchx Industries Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Switchx Industries Private Limited
Switchx Industries is an active private limited company based in Surat, Gujarat, India. The company works in online electronics retail, within the e-commerce industry. It was incorporated on 23 October 2020 (6+ years old) and is registered under CIN U31909GJ2020PTC117596.
Switchx Industries reported revenue of ₹48.23 Lakh for FY 2024 (up 28% YoY).
Switchx Industries has 2 current directors:
- Lalitadevi Mukeshkumar Bansal - Whole-Time Director
- Sanket Mukeshkumar Bansal - Whole-Time Director
Switchx Industries reported a net loss of ₹11.92 Lakh (net margin -24.7%) and EBITDA of -₹9.39 Lakh (EBITDA margin -19.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Switchx Industries is 434% over three years. In the latest year (FY 2024) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Switchx Industries is 24ABECS7352M1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Switchx Industries is U31909GJ2020PTC117596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Switchx Industries was incorporated on 23 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Switchx Industries by revenue are Paam97 Technologies Private Limited, Quantab Technology Private Limited, Laya Network Private Limited, Pragya Global Private Limited, Ocom Private Limited and 5 more, all in the Ecommerce and Internet industry (Electronic Goods).
Lalitadevi Mukeshkumar Bansal was appointed as Whole-Time Director on 23 Oct 2020. Sanket Mukeshkumar Bansal was appointed as Whole-Time Director on 23 Oct 2020.
Yes, Switchx Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0036858).