Advance Panels and Switchgears Private Limited

Advance Panels and Switchgears Private Limited - energy and power in Delhi, India. FY 2026 financials & compliance.
CIN U31909DL2002PTC115650 Incorporated 03 June 2002 ROC Delhi HQ Delhi, India
Active Private Limited Company energy and power MSME · Medium
Data last updated
Revenue · FY 2025
₹333.39 Cr
▼ 9% YoY
Net profit · FY 2025
₹19.97 Cr
Net margin 6%
EBITDA · FY 2025
₹29.32 Cr
EBITDA margin 8.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹7.9 Cr
Issued & subscribed
Open charges
₹149.36 Cr
Satisfied ₹45.73 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
789
Provident fund records

About Advance Panels and Switchgears Private Limited

Data last updated:

Advance Panels and Switchgears Private Limited is a private limited company based in Delhi, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 03 June 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31909DL2002PTC115650. Its GSTIN is 07AADCA6472A1Z1 (Delhi). The company holds 4 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.9 Cr. It is led by directors including Jitendra Jain and Suresh Raj Jain.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A 257 Dsidc Narela Industrialpark Narela, Delhi, India – 110040.

As per the financials filed for FY 2025, the company reported a revenue of ₹333.39 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹19.97 Cr (net margin 6%) and EBITDA of ₹29.32 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 14% over five years.

The company has about 789 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹149.36 Cr and satisfied charges of ₹45.73 Cr on record. Court records list 34 cases involving the company, including 31 filed by the company and 3 filed against it; 11 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.35 Cr; the latest was in March 2021. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 4 smaller; the largest is Microtek Balaji Powertronics Private Limited with revenue of ₹350.6 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 micro and small suppliers.

Advance Panels and Switchgears Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-06-0002427). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advancepanels.com.

Company details

CIN U31909DL2002PTC115650
Registration Number 115650
Incorporation Date 03 June 2002
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-06-0002427
Key People
Jitendra Jain Director Suresh Raj Jain Director Jas Kanwar Jain Director

Recognitions & Rankings of Advance Panels and Switchgears

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-DL-06-0002427

Contact details

Advance Panels and Switchgears Private Limited's registered office is in Delhi, Delhi. Its website is advancepanels.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    advancepanels.com
  • Registered Address
    A 257 Dsidc Narela Industrialpark Narela, Delhi, India – 110040
  • Industry
    Energy and Power, Power Equipment Manufacturers

To see the full contact details of Advance Panels and Switchgears Private Limited, buy the company report.

Comprehensive company report
Advance Panels and Switchgears Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Advance Panels and Switchgears is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Advance Panels and Switchgears Private Limited, buy the company report.

Financials of Advance Panels and Switchgears Private Limited

FY 2024 filings available

Advance Panels and Switchgears Private Limited reported revenue of ₹333.39 Cr (down 9% YoY) for FY 2025.

Revenue · FY 2025
₹333.39 Cr ▼ 9%
Net profit · FY 2025
₹19.97 Cr margin 6%
EBITDA · FY 2025
₹29.32 Cr margin 8.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 18%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 60%
5 years · compounded
▲ 30%

Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 7% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹29.32 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹19.97 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin8.8%
Net Profit Margin6%
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

To see the full financial statements and ratios of Advance Panels and Switchgears Private Limited, buy the company report.

Board of directors of Advance Panels and Switchgears Private Limited

Advance Panels and Switchgears has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jitendra Jain
Also directs: PR IT Solutions LLP, Advance Engineering Works Private Limited, Anant Powertech Private Limited and 3 more
Director03 Jun 200224 Years 4 MonthsCurrent
Suresh Raj Jain
Also directs: PR IT Solutions LLP, Advance Engineering Works Private Limited, Anant Powertech Private Limited and 3 more
Director03 Jun 200224 Years 4 MonthsCurrent
Jas Kanwar Jain
Also directs: PR IT Solutions LLP
Director01 Apr 200620 Years 7 MonthsCurrent
View all directors

Peer comparison

Advance Panels and Switchgears Private Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Microtek Balaji Powertronics Private Limited₹350.6 Cr (FY 2022)New Delhi, Delhi, India
Riello Power India Private Limited₹338.99 Cr (FY 2025)6.0%New Delhi, Delhi, India
Southern Batteries Private Limited₹333.42 Cr (FY 2017)3.0%Bangalore, Karnataka, India
Advance Panels and Switchgears Private Limitedthis company₹333.39 Cr (FY 2025)₹19.97 Cr6%-9.0%789Delhi, India
Fybros Moddular Private Limited₹329.08 Cr (FY 2025)22.0%New Delhi, Delhi, India
Norisys Technology Private Limited₹324.98 Cr (FY 2025)11.0%New Delhi, Delhi, India
Raksan Transformers Limited₹324.79 Cr (FY 2025)100.0%New Delhi, Delhi, India
L&T - Mhi Power Turbine Generators Private Limited₹319.93 Cr (FY 2025)-2.0%Mumbai, Maharashtra, India

To see the full peer comparison of Advance Panels and Switchgears Private Limited, buy the company report.

Auditor

Advance Panels and Switchgears Private Limited is audited by Doogar & Associates for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Doogar & AssociatesFY 2024000561N

Shareholding

The shareholding of Advance Panels and Switchgears Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Advance Panels and Switchgears Private Limited, buy the company report.

Charges & borrowings

Open charges
₹149.36 Cr
Satisfied charges
₹45.73 Cr
Breakdown by lending institutions
Yes Bank Limited₹79.00 Cr
Hdfc Bank Limited₹26.00 Cr
Axis Bank Limited₹23.00 Cr
Others₹21.36 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Nov 2025101188205Axis Bank Limited₹23 CrOpen
08 May 2025101107399Yes Bank Limited₹15 CrOpen
11 Mar 2025101058391Yes Bank Limited₹24 CrOpen
16 Aug 2023100791771Hdfc Bank Limited₹6 CrOpen
29 Mar 2022100573818Others₹1.36 CrOpen

To see the full charge records of Advance Panels and Switchgears Private Limited, buy the company report.

Total charge records: 18 View all charges

Deals & funding

Advance Panels and Switchgears Private Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.35 Cr; the latest was in March 2021.

Total deals
7
Secondary share transfers
5
Funding rounds
2
Disclosed funding
₹5.35 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: an individual
Seller: S.R.Jain -HUF, 2 individuals
Oct 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2010Secondary share transferUndisclosedBuyer: an individual
Seller: Vimal Kishor Rathi (HUF), 3 individuals
Mar 2007Secondary share transferUndisclosedBuyer: an individual
Seller: Transaction India Private Limited, Micro Space Systems Private Limited, Huba Services Private Limited
Sep 2006Funding round₹1 CrInvestors: Upper India Sugar Mills Limited, Kbp Spinners Private Limited, Micro Space Systems Private Limited

To see the full deal history of Advance Panels and Switchgears Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Advance Panels and Switchgears Private Limited was last rated by Crisil on 22 Jun 2020.

Rating agencyRated onRating
Crisil22 Jun 2020

To see the full credit ratings and regulatory alerts of Advance Panels and Switchgears Private Limited, buy the company report.

MSME payment delays

Advance Panels and Switchgears Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 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 6)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
R.S. Electromech Private Limited.
an individual supplier
an individual supplier

To see the full MSME payment records of Advance Panels and Switchgears Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Advance Panels and Switchgears has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Advance Epc Contracts Private LimitedU74140DL2015PTC282677

To see the full group structure of Advance Panels and Switchgears Private Limited, buy the company report.

Employees & EPFO

Advance Panels and Switchgears Private Limited has a workforce of 789 employees on its EPFO records as of Dec 31, 2025, across 3 active EPFO establishments.

Employee count
789
Active EPFO establishments
3
Employee growth
5.48%

GST

Advance Panels and Switchgears has 4 GST registrations: 3 active and 1 cancelled or inactive.

Total GSTINs
4
Active
3
Cancelled / inactive
1
GSTINStateStatusRegistered on
07AADCA6472A1Z1DelhiActive01 Jul 2017
05AADCA6472A1Z5UttarakhandActive01 Jul 2017
06AADCA6472A1Z3HaryanaActive01 Jul 2017

To see the full GST registrations and return filing status of Advance Panels and Switchgears Private Limited, buy the company report.

Recent activity

Advance Panels and Switchgears Private Limited has 6 board changes on record since 2002: 3 appointments and 3 cessations. The latest: Pulin Mehta ceased to be Company Secretary on 31 Mar 2019.

Charges
A charge with Axis Bank Limited amounted to Rs. 23.00 Cr with Charge ID 101188205 was registered on 13 Nov 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 15.00 Cr with Charge ID 101107399 was registered on 08 May 2025.
Charges
A charge with Yes Bank Limited of Rs. 24.00 Cr registered on 11 Mar 2025 with Charge ID 101058391 was modified on 08 May 2025.
Charges
A charge with Yes Bank Limited of Rs. 40.00 Cr registered on 28 May 2020 with Charge ID 100342139 was modified on 08 May 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 24.00 Cr with Charge ID 101058391 was registered on 11 Mar 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 20.00 Cr registered on 19 Jun 2020 with Charge ID 100343339 was modified on 23 Jan 2025.
Charges
A charge with Others of Rs. 20.00 Cr registered on 27 Sep 2021 with Charge ID 100489021 was modified on 01 Oct 2024.
AGM
Advance Panels And Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Advance Panels And Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge registered on 05 Jan 2022 via Charge ID 100529760 with Others was fully satisfied on 11 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.00 Cr with Charge ID 100791771 was registered on 16 Aug 2023.
Charges
A charge registered on 10 Sep 2018 via Charge ID 100228239 with Citi Bank N.A. was fully satisfied on 11 Aug 2023.

34 earlier events are in the company report.

Frequently asked questions

Advance Panels and Switchgears is an active private limited company based in Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 03 June 2002 (24+ years old) and is registered under CIN U31909DL2002PTC115650.

Advance Panels and Switchgears has 3 current directors:

The latest financial statements of Advance Panels and Switchgears on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Advance Panels and Switchgears is 07AADCA6472A1Z1, registered in Delhi. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 05AADCA6472A1Z5 (Uttarakhand), 06AADCA6472A1Z3 (Haryana).

The CIN (Corporate Identification Number) of Advance Panels and Switchgears is U31909DL2002PTC115650. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Advance Panels and Switchgears has 34 court cases on record: 31 filed by the company and 3 filed against it. 11 are pending. Most are in the district courts.

Advance Panels and Switchgears was incorporated on 03 June 2002, making it 24+ years old. It is registered with the Registrar of Companies, Delhi.

Advance Panels and Switchgears has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.35 Cr; the latest was in March 2021.

The peers of Advance Panels and Switchgears by revenue are Microtek Balaji Powertronics Private Limited, Riello Power India Private Limited, Southern Batteries Private Limited, Fybros Moddular Private Limited, Norisys Technology Private Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Pulin Mehta ceased to be Company Secretary on 31 Mar 2019. Abhimanyu ceased to be Company Secretary on 29 Dec 2017. Mahveer Chand Lodha ceased to be Director on 25 Jul 2014. Advance Panels and Switchgears has 6 board changes on record in total.

Yes, Advance Panels and Switchgears is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-06-0002427).

Advance Panels and Switchgears has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.