About Asco Switchgears Private Limited
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Asco Switchgears Private Limited is a private limited company based in Punjab, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 29 March 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U31200PB2001PTC024297. Its GSTIN is 03AAECA3128N1ZU (Punjab). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹19 Lakh. It is led by directors including Ajay Gupta (Managing Director) and Sarika Gupta.
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 Patel Nagarjalandhar Road Kapurthala, Punjab, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹56.14 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹42.84 Lakh (net margin 0.8%) and EBITDA of ₹3.15 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 32% over five years.
The company is associated with 1 brand: Asco Switchgears. As per MCA filings, the company has open charges of ₹18.89 Cr on record. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascoswitchgears.com.
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- Website
- Social MediaLocked
- Registered AddressPatel Nagarjalandhar Road Kapurthala, Punjab, India
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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 of Asco Switchgears Private Limited
The main business activity of Asco Switchgears is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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 Asco Switchgears Private Limited FY 2025 filings available
Asco Switchgears Private Limited reported revenue of ₹56.14 Cr (up 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Asco Switchgears Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 45% growth in the latest year. EBITDA rose 77% 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 Asco Switchgears Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.84 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 Asco Switchgears Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Asco Switchgears are in the company report.
Financial statements from 2015
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.
Peer Comparison of Asco Switchgears Private Limited
Asco Switchgears Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wonder Overseas Private Limited | ₹56.84 Cr (FY 2015) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| Inventaa Led Lights Private Limited | ₹56.53 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Chennai, Tamil Nadu, India |
| Atharva Polymers Private Limited | ₹56.42 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| Uma Impact Private Limited | ₹56.4 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Rajkot, Gujarat, India |
| Veeflex Electrikals Private Limited | ₹56.32 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bandra West, Maharashtra, India |
| Asco Switchgears Private Limited this company | ₹56.14 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Punjab, India |
| RDHL Appliances Private Limited | ₹56.06 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Litomatic Tech Private Limited | ₹56.05 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Udaipur, Rajasthan, India |
| Livguard Drivetrain Private Limited | ₹55.88 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Industrial Complex Dundahera, Haryana, India |
| Tech India Electrosolutions Private Limited | ₹55.88 Cr (FY 2024) | •••• | •••• | 97.0% | •••• | Pune, Maharashtra, India |
| Kitchenopedia Appliances Private Limited | ₹55.49 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Asco Switchgears by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Asco Switchgears Private Limited
Asco Switchgears Private Limited is audited by SURINDER MAHAJAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SURINDER MAHAJAN & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Asco Switchgears Private Limited
Asco Switchgears has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarika Gupta | Director | 16 Jul 2018 | 8 Years 2 Months | Current |
| Ajay Gupta | Managing Director | 29 Mar 2001 | 25 Years 6 Months | Current |
| Anil Kumar Gupta Also directs: 3F Construction Private Limited | Director | 29 Mar 2001 | 25 Years 6 Months | Current |
| Savita Gupta | Director | 16 Jul 2018 | 8 Years 2 Months | Current |
| Anuj Gupta | Director | 24 Jan 2022 | 4 Years 8 Months | Current |
| Aviral Gupta | Additional Director | 24 Apr 2023 | 3 Years 5 Months | Current |
Ownership and Shareholding of Asco Switchgears Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Asco Switchgears Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jan 2023 | Others | ₹10 Cr | Open |
| 21 Jan 2022 | Canara Bank | ₹6.8 Cr | Open |
| 24 Sep 2018 | Canara Bank | ₹9.5 Lakh | Open |
| 22 Oct 2013 | Canara Bank | ₹2 Cr | Open |
Total charge records: 4 View all charges
Legal Cases of Asco Switchgears Private Limited
Asco Switchgears Private Limited has 13 court cases on record: 7 filed by Asco Switchgears, 6 filed against it. 4 cases are pending and 9 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 6 | 4 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kapurthala, Punjab | Arbitration matter | Filed against the company by Utc Marketing Private Limited | Pending |
| District court, Kapurthala, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Kapurthala, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Kapurthala, Punjab | Cheque dishonour complaint | Filed by the company against Guru Ji Traders | Pending |
| District court, Kapurthala, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Asco Switchgears Private Limited
Asco Switchgears operates one associated brand: Asco Switchgears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of switchgears and LED products in Punjab, India. | ascoswitchgears.com |
Employees and EPFO Compliance at Asco Switchgears Private Limited
Employment history and EPFO contributions of people linked to Asco Switchgears.
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 Asco Switchgears Private Limited
Asco Switchgears Private Limited has 6 board changes on record since 2001: 6 appointments. The latest: Aviral Gupta was appointed as Additional Director on 24 Apr 2023.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Asco Switchgears Private Limited
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 Asco Switchgears Private Limited
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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Asco Switchgears Private Limited
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 Asco Switchgears Private Limited
Asco Switchgears has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECA3128N1ZU | Punjab | Active | 01 Jul 2017 |
| 10AAECA3128N1ZZ | Bihar | Active | 21 Apr 2022 |
| 05AAECA3128N1ZQ | Uttarakhand | Active | 13 May 2024 |
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 Asco Switchgears Private Limited
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 Asco Switchgears Private Limited
Asco Switchgears is an active private limited company based in Punjab, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 29 March 2001 (25+ years old) and is registered under CIN U31200PB2001PTC024297.
Asco Switchgears reported revenue of ₹56.14 Cr for FY 2024 (up 45% YoY).
Asco Switchgears has 6 current directors:
- Ajay Gupta - Managing Director
- Sarika Gupta - Director
- Anil Kumar Gupta - Director
- Savita Gupta - Director
- Anuj Gupta - Director
- Aviral Gupta - Additional Director
Asco Switchgears reported a net profit of ₹42.84 Lakh (net margin 0.8%) and EBITDA of ₹3.15 Cr (EBITDA margin 5.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asco Switchgears is 46% over three years and 32% over five years. In the latest year (FY 2024) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asco Switchgears is 03AAECA3128N1ZU, registered in Punjab. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 10AAECA3128N1ZZ (Bihar), 05AAECA3128N1ZQ (Uttarakhand).
The CIN (Corporate Identification Number) of Asco Switchgears is U31200PB2001PTC024297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asco Switchgears has 13 court cases on record: 7 filed by the company and 6 filed against it. 4 are pending.
Asco Switchgears was incorporated on 29 March 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Asco Switchgears by revenue are Wonder Overseas Private Limited, Inventaa Led Lights Private Limited, Atharva Polymers Private Limited, Uma Impact Private Limited, Veeflex Electrikals Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Aviral Gupta was appointed as Additional Director on 24 Apr 2023. Anuj Gupta was appointed as Director on 24 Jan 2022. Sarika Gupta was appointed as Director on 16 Jul 2018. Asco Switchgears has 6 board changes on record in total.