Asiatic Electrical & Switchgear Private Limited

Asiatic Electrical & Switchgear Private Limited - energy and power in Gurgaon, Haryana, India. FY 2026 financials & compliance.
CIN U31108HR2006PTC125243 Incorporated 26 August 2006 ROC Delhi HQ Gurgaon, Haryana, India
Active Private Limited Company energy and power MSME
Data last updated
Revenue · FY 2025
₹153.84 Cr
▲ 22% YoY
Net profit · FY 2025
₹7.5 Cr
Net margin 4.9%
EBITDA · FY 2025
₹15.01 Cr
EBITDA margin 9.8%
Authorised capital
₹15.13 Cr
Registered with MCA
Paid-up capital
₹6.13 Cr
Issued & subscribed
Open charges
₹67.21 Cr
Satisfied ₹6.65 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
194
Provident fund records

About Asiatic Electrical & Switchgear Private Limited

Data last updated:

Asiatic Electrical & Switchgear Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Ltl Holdings (Private) Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 August 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31108HR2006PTC125243. Its GSTIN is 06AAGCA0491E1Z1 (Haryana). The company holds 4 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹15.13 Cr and a paid-up capital of ₹6.13 Cr. It is led by directors including Vishal Sikka (Whole-Time Director) and Rukshika Pathberiya.

Its last annual general meeting (AGM) was held on 13 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gurgaon, Haryana.

As per the financials filed for FY 2025, the company reported a revenue of ₹153.84 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹7.5 Cr (net margin 4.9%) and EBITDA of ₹15.01 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 20% over five years.

The company has about 194 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Asiatic India. As per MCA filings, the company has open charges of ₹67.21 Cr and satisfied charges of ₹6.65 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Cr; the latest was in September 2014. Its 8 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 5 smaller; the largest is Integrated Batteries India Private Limited with revenue of ₹155.34 Cr. The company has 23 MSME Form 1 returns on record between 2019 and 2024, listing 3,332 overdue payments to 158 micro and small suppliers.

Asiatic Electrical & Switchgear Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-RJ-02-0014626). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asiatic-india.com.

Company details

CIN U31108HR2006PTC125243
Registration Number 125243
Incorporation Date 26 August 2006
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Ltl Holdings (Private) Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-RJ-02-0014626

CIN history

Asiatic Electrical & Switchgear has one previous CIN (Corporate Identification Number): U31108DL2006PTC152517. The current CIN is U31108HR2006PTC125243, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U31108HR2006PTC125243Current
U31108DL2006PTC152517Previous
Key People
Vishal Sikka Whole-Time Director Rukshika Pathberiya Director Dammika Ajith Jayatilake Nanayakkara Director

Recognitions & Rankings of Asiatic Electrical & Switchgear

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-RJ-02-0014626

Contact details

Asiatic Electrical & Switchgear Private Limited's registered office is in Gurgaon, Haryana. Its website is asiatic-india.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    asiatic-india.com
  • Social Media
  • Registered Address
    Aihp Cyber Greens 1st Flr Tower – A, Plot No. 490 – 491 Udyog Vihar Ph 3, Gurgaon, Haryana, India – 122008
  • Industry
    Energy and Power, Power Equipment Manufacturers

To see the full contact details of Asiatic Electrical & Switchgear Private Limited, buy the company report.

Comprehensive company report
Asiatic Electrical & Switchgear 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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Brands

Asiatic Electrical & Switchgear operates one associated brand: Asiatic India. Each brand links to its own profile.

BrandDescriptionWebsite
Asiatic India
Manufacturer of low and high voltage distribution systemsasiatic-india.com

Business activity

The main business activity of Asiatic Electrical & Switchgear 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 Asiatic Electrical & Switchgear Private Limited, buy the company report.

Financials of Asiatic Electrical & Switchgear Private Limited

FY 2025 filings available

Asiatic Electrical & Switchgear Private Limited reported revenue of ₹153.84 Cr (up 22% YoY) for FY 2025.

Revenue · FY 2025
₹153.84 Cr ▲ 22%
Net profit · FY 2025
₹7.5 Cr margin 4.9%
EBITDA · FY 2025
₹15.01 Cr margin 9.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 34%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 38%
5 years · compounded
▲ 54%

Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 22% growth in the latest year. EBITDA rose 21% 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₹15.01 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹7.5 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 Margin9.8%
Net Profit Margin4.9%
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 Asiatic Electrical & Switchgear Private Limited, buy the company report.

Board of directors of Asiatic Electrical & Switchgear Private Limited

Asiatic Electrical & Switchgear has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vishal Sikka
Also directs: Asiatic Solar Jeendoli Private Limited, Asiatic Solar Gunta Shahpur Private Limited
Whole-Time Director08 Aug 200719 Years 2 MonthsCurrent
Rukshika PathberiyaDirector17 Mar 20215 Years 7 MonthsCurrent
Dammika Ajith Jayatilake NanayakkaraDirector05 Sep 201610 Years 2 MonthsCurrent
Hewa Dewundarage Chaminda
Also directs: Asiatic Solar Jeendoli Private Limited, Asiatic Solar Gunta Shahpur Private Limited
Director13 Jul 20188 Years 3 MonthsCurrent
Gamini Sarath UtumangeDirector18 Jun 20251 Years 4 MonthsCurrent
View all directors

Peer comparison

Asiatic Electrical & Switchgear Private Limited is compared with the 8 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
Integrated Batteries India Private Limited₹155.34 Cr (FY 2025)167.0%New Delhi, Delhi, India
Adarsha Control Systems Private Limited₹155.25 Cr (FY 2025)0.0%Bangalore, Karnataka, India
Marsons Energy Private Limited₹154.71 Cr (FY 2025)37.0%Jaipur, Rajasthan, India
Asiatic Electrical & Switchgear Private Limitedthis company₹153.84 Cr (FY 2025)₹7.5 Cr4.9%22.0%194Gurgaon, Haryana, India
Transformers and Electricals Kerala Ltd₹153.15 Cr (FY 2023)12.0%Ernakulam, Kerala, India
Amara Raja Power Systems Limited₹152 Cr (FY 2025)-19.0%Tirupati, Andhra Pradesh, India
Onload Gears Private Limited₹151.58 Cr (FY 2025)26.0%Chennai, Tamil Nadu, India
Switchgears and Structurals (India) Pvt. Ltd.₹151.56 Cr (FY 2025)46.0%Hyderabad, Telangana, India
Obo Bettermann India Private Limited₹151.53 Cr (FY 2025)-5.0%Oragadam Village, Tamil Nadu, India

To see the full peer comparison of Asiatic Electrical & Switchgear Private Limited, buy the company report.

Auditor

Asiatic Electrical & Switchgear Private Limited is audited by S R BATLIBOI & CO. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S R BATLIBOI & CO. LLPFY 2023301003E/E300005

Shareholding

The shareholding of Asiatic Electrical & Switchgear 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Asiatic Electrical & Switchgear Private Limited, buy the company report.

Charges & borrowings

Open charges
₹67.21 Cr
Satisfied charges
₹6.65 Cr
Breakdown by lending institutions
Standard Chartered Bank₹35.00 Cr
Others₹31.83 Cr
Hdfc Bank Limited₹0.38 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Sep 2025101162091Others₹3 CrOpen
06 Dec 2024101018358Others₹4.6 CrOpen
31 Jul 2024100965917Hdfc Bank Limited₹16.95 LakhOpen
20 May 2024100929886Others₹18 LakhOpen
30 Dec 2023100840276Hdfc Bank Limited₹6.38 LakhOpen

To see the full charge records of Asiatic Electrical & Switchgear Private Limited, buy the company report.

Total charge records: 15 View all charges

Deals & funding

Asiatic Electrical & Switchgear Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Cr; the latest was in September 2014.

Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹9 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Sep 2014Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2012Secondary share transferUndisclosedBuyer: 2 individuals
Seller: Canbank Ventures
Mar 2008Funding round₹9 CrInvestors: Canbank Ventures

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

Credit ratings & regulatory alerts

Asiatic Electrical & Switchgear Private Limited was last rated by Indiarating on 08 Oct 2021.

Rating agencyRated onRating
Indiarating08 Oct 2021

To see the full credit ratings and regulatory alerts of Asiatic Electrical & Switchgear Private Limited, buy the company report.

MSME payment delays

Asiatic Electrical & Switchgear Private Limited has 23 MSME Form 1 returns on record between 2019 and 2024, listing 3,332 overdue payments to 158 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 158)

SupplierAmount dueDue sinceReported on
an individual supplier
Stainless Bolt Industries Private Limited
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Asiatic Electrical & Switchgear Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Asiatic Electrical & Switchgear Private Limited has a workforce of 194 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.

Employee count
194
Active EPFO establishments
2
Employee growth
-5.37%

GST

Asiatic Electrical & Switchgear has 4 GST registrations: 3 active and 1 cancelled or inactive.

Total GSTINs
4
Active
3
Cancelled / inactive
1
GSTINStateStatusRegistered on
06AAGCA0491E1Z1HaryanaActive09 Jun 2025
07AAGCA0491E1ZZDelhiActive01 Jul 2017
08AAGCA0491E1ZXRajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Asiatic Electrical & Switchgear Private Limited, buy the company report.

Recent activity

Asiatic Electrical & Switchgear Private Limited has 23 board changes on record since 2007: 6 appointments and 17 cessations. The latest: Gamini Sarath Utumange was appointed as Director on 18 Jun 2025.

Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 101162091 was registered on 12 Sep 2025.
Charges
A charge with Others of Rs. 23.40 Cr registered on 25 Oct 2023 with Charge ID 100799199 was modified on 12 Sep 2025.
AGM
Asiatic Electrical & Switchgear Private Limited last Annual general meeting of members was held on 13 Aug 2025 as per latest MCA records.
Appointed
Gamini Sarath Utumange was appointed as Director.
Filing
Asiatic Electrical & Switchgear Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 4.60 Cr with Charge ID 101018358 was registered on 06 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 100965917 was registered on 31 Jul 2024.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100929886 was registered on 20 May 2024.
Charges
A charge with Standard Chartered Bank of Rs. 35.00 Cr registered on 19 Dec 2016 with Charge ID 100071946 was modified on 16 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100840276 was registered on 30 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100837745 was registered on 30 Dec 2023.
Charges
A charge with Others amounted to Rs. 23.40 Cr with Charge ID 100799199 was registered on 25 Oct 2023.

38 earlier events are in the company report.

Frequently asked questions

Asiatic Electrical & Switchgear is an active private limited company based in Gurgaon, Haryana, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 August 2006 (20+ years old) and is registered under CIN U31108HR2006PTC125243.

Asiatic Electrical & Switchgear has 5 current directors:

The latest financial statements of Asiatic Electrical & Switchgear on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Asiatic Electrical & Switchgear is 06AAGCA0491E1Z1, registered in Haryana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAGCA0491E1ZZ (Delhi), 08AAGCA0491E1ZX (Rajasthan).

The CIN (Corporate Identification Number) of Asiatic Electrical & Switchgear is U31108HR2006PTC125243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Asiatic Electrical & Switchgear has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.

Asiatic Electrical & Switchgear was incorporated on 26 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.

Asiatic Electrical & Switchgear has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹9 Cr; the latest was in September 2014.

The peers of Asiatic Electrical & Switchgear by revenue are Integrated Batteries India Private Limited, Adarsha Control Systems Private Limited, Marsons Energy Private Limited, Transformers and Electricals Kerala Ltd, Amara Raja Power Systems Limited and 3 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).

Gamini Sarath Utumange was appointed as Director on 18 Jun 2025. Mestiyage Don Kumara Kantha Gunathilake ceased to be Additional Director on 29 Sep 2021. Rukshika Pathberiya ceased to be Managing Director on 28 Sep 2021. Asiatic Electrical & Switchgear has 23 board changes on record in total.

Yes, Asiatic Electrical & Switchgear is registered as an MSME under Udyam registration (number: UDYAM-RJ-02-0014626).

Asiatic Electrical & Switchgear has 23 MSME Form 1 returns on record between 2019 and 2024, listing 3,332 overdue payments to 158 micro and small suppliers. The latest return was filed on 01 May 2024.