MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-11-0011999
Balaji Switchgears Private Limited - consumer electronics & durables in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹126.32 Cr
▲ 20% YoY
Net profit · FY 2025
₹1.38 Cr
Net margin 1.1%
EBITDA · FY 2025
₹3.33 Cr
EBITDA margin 2.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹60 Lakh
Issued & subscribed
Open charges
₹1.35 Cr
Satisfied ₹7.36 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
38
Provident fund records
About Balaji Switchgears Private Limited
Data last updated:
Balaji Switchgears Private Limited is a private limited company based in Delhi, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 18 June 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31300DL1997PTC088005. Its GSTIN is 07AABCB1629A1ZD (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It is led by directors including Anita Garg (Whole-Time Director) and Piyush Garg.
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 2006 Katra Lachhu Singh Bhagirath Palace, Delhi, India – 110006.
As per the financials filed for FY 2025, the company reported a revenue of ₹126.32 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.38 Cr (net margin 1.1%) and EBITDA of ₹3.33 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.35 Cr and satisfied charges of ₹7.36 Cr on record. Court records list 21 cases involving the company, including 20 filed by the company and 1 filed against it.
Balaji Switchgears Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-11-0011999). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balajiswitchgears.com.
Company details
CIN U31300DL1997PTC088005
Registration Number 088005
Incorporation Date 18 June 1997
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-11-0011999
Recognitions & Rankings of Balaji Switchgears
Contact details
Balaji Switchgears Private Limited's registered office is in Delhi, Delhi. Its website is balajiswitchgears.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2006 Katra Lachhu Singh Bhagirath Palace, Delhi, India – 110006
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Balaji Switchgears Private Limited, buy the company report.
Comprehensive company report
Balaji 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Balaji Switchgears is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Balaji Switchgears Private Limited, buy the company report.
Financials of Balaji Switchgears Private Limited
FY 2024 filings availableBalaji Switchgears Private Limited reported revenue of ₹126.32 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹126.32 Cr ▲ 20%
Net profit · FY 2025
₹1.38 Cr margin 1.1%
EBITDA · FY 2025
₹3.33 Cr margin 2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 14%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 14%
5 years · compounded
▼ 12%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 20% growth in the latest year. EBITDA fell 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.38 Cr | ||||
| Balance Sheet | |||||
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| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Balaji Switchgears Private Limited, buy the company report.
Board of directors of Balaji Switchgears Private Limited
Balaji Switchgears has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Garg Also directs: Ipsit Lifestyles LLP | Director | 15 Jul 2017 | 9 Years 3 Months | Current |
| Vaishali Gupta Also directs: Ipsit Lifestyles LLP | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
| Bajrang Lal Garg Also directs: Ipsit Lifestyles LLP | Director | 28 Jun 1997 | 29 Years 3 Months | Current |
| Anita Garg Also directs: Ipsit Lifestyles LLP | Whole-Time Director | 28 Jun 1997 | 29 Years 3 Months | Current |
Peer comparison
Balaji Switchgears Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| TPV Technology India Private Limited | ₹126.88 Cr (FY 2025) | -47.0% | Gurgaon, Haryana, India | |||
| Manish Business Private Limited | ₹126.73 Cr (FY 2025) | 23.0% | Gwalior, Madhya Pradesh, India | |||
| SRK Marketing Private Limited | ₹126.71 Cr (FY 2025) | -22.0% | Thane, Maharashtra, India | |||
| Cy Mottor (India) Private Limited | ₹126.34 Cr (FY 2025) | 110.0% | Delhi, India | |||
| Balaji Switchgears Private Limitedthis company | ₹126.32 Cr (FY 2025) | ₹1.38 Cr | 1.1% | 20.0% | Delhi, India | |
| Navachetana Enterprises Haveri Private Limited | ₹125.78 Cr (FY 2025) | -16.0% | Haveri, Karnataka, India | |||
| Keith Electronics Private Limited | ₹125.57 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Silverintegration Private Limited | ₹124.53 Cr (FY 2024) | 53.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Balaji Switchgears Private Limited, buy the company report.
Auditor
Balaji Switchgears Private Limited is audited by RAVI K AGGARWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVI K AGGARWAL & ASSOCIATES | FY 2023 | 015618N |
Shareholding
The shareholding of Balaji Switchgears 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 Balaji Switchgears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.35 Cr
Satisfied charges
₹7.36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2023 | 100806109 | Axis Bank Limited | ₹1.35 Cr | Open | |
| 08 Sep 2016 | 100052060 | Axis Bank Limited | ₹2.75 Cr | Satisfied | |
| 24 Nov 2010 | 10257083 | Standard Chartered Bank | ₹2.2 Cr | Satisfied | |
| 05 Feb 2007 | 10040613 | Bank of Baroda | ₹1.5 Cr | Satisfied | |
| 22 Feb 2005 | 90063398 | Karnataka Bank Ltd | ₹21 Lakh | Satisfied |
To see the full charge records of Balaji Switchgears Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Balaji Switchgears Private Limited has 21 court cases on record: 20 filed by Balaji Switchgears, 1 filed against it. All cases are disposed.
Total cases
21
Filed by the company
20
Filed against the company
1
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 1 | 0 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CCP(CO.)) | Filed by the company against Devco Engineering and Technologies Pvt. Ltd. | Disposed |
| District court, Central, Delhi | Civil suit | Filed by the company against Superfil Engineers Pvt Ltd and 1 other | Disposed |
| District court, Central, Delhi | Criminal case | Filed by the company against Ms CRPN Control Systems Pvt.Ltd | Disposed |
| District court, Central, Delhi | Civil suit | Filed by the company against Technisys Engineering Pvt Ltd | Disposed |
| District court, Central, Delhi | Civil suit | Filed by the company against Mellcon Engineers Pvt Ltd | Disposed |
To see the full case history of Balaji Switchgears 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balaji Switchgears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balaji Switchgears has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCB1629A1ZD | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Switchgears Private Limited, buy the company report.
Recent activity
Balaji Switchgears Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: Vaishali Gupta ceased to be Additional Director on 31 Dec 2020.
AGM
Balaji Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Balaji Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Axis Bank Limited of Rs. 1.35 Cr registered on 31 Oct 2023 with Charge ID 100806109 was modified on 05 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.35 Cr with Charge ID 100806109 was registered on 31 Oct 2023.
Ceased
Vaishali Gupta ceased to be Additional Director.
Charges
A charge registered on 08 Sep 2016 via Charge ID 100052060 with Axis Bank Limited was fully satisfied on 06 Jul 2020.
Appointed
Vaishali Gupta was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 2.75 Cr registered on 08 Sep 2016 with Charge ID 100052060 was modified on 27 Mar 2019.
Ceased
Piyush Garg ceased to be Additional Director.
Appointed
Piyush Garg was appointed as Director.
Charges
A charge registered on 24 Nov 2010 via Charge ID 10257083 with Standard Chartered Bank was fully satisfied on 26 Oct 2016.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.75 Cr with Charge ID 100052060 was registered on 08 Sep 2016.
16 earlier events are in the company report.
Frequently asked questions
Balaji Switchgears is an active private limited company based in Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 18 June 1997 (29+ years old) and is registered under CIN U31300DL1997PTC088005.
Balaji Switchgears has 4 current directors:
- Anita Garg - Whole-Time Director
- Piyush Garg - Director
- Vaishali Gupta - Director
- Bajrang Lal Garg - Director
The latest financial statements of Balaji 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 Balaji Switchgears is 07AABCB1629A1ZD, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Balaji Switchgears is U31300DL1997PTC088005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Switchgears has 21 court cases on record: 20 filed by the company and 1 filed against it. Most are in the district courts.
Balaji Switchgears was incorporated on 18 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Balaji Switchgears by revenue are TPV Technology India Private Limited, Manish Business Private Limited, SRK Marketing Private Limited, Cy Mottor (India) Private Limited, Navachetana Enterprises Haveri Private Limited and 2 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Vaishali Gupta ceased to be Additional Director on 31 Dec 2020. Vaishali Gupta was appointed as Director on 15 Oct 2019. Piyush Garg ceased to be Additional Director on 28 Sep 2017. Balaji Switchgears has 6 board changes on record in total.
Yes, Balaji Switchgears is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-11-0011999).
Balaji Switchgears can be reached through the website balajiswitchgears.com. Its registered office is in Delhi, India.