About Dharia Switchgears and Controls Private Limited
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Dharia Switchgears and Controls Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH1992PTC066346. Its GSTIN is 27AAACD1380M1ZL (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Nupur Chetan Shah and Nitin Rajnikant Dharia.
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 38 Mistry Indl Complexcross Road A MIDC Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.48 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹2.14 Cr (net margin 6.4%) and EBITDA of ₹3.79 Cr (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹12.04 Cr and satisfied charges of ₹17 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhariaswitchgear.com.
Company details
Contact details
Dharia Switchgears and Controls Private Limited's registered office is in Mumbai, Maharashtra. Its website is dhariaswitchgear.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address38 Mistry Indl Complexcross Road A MIDC Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Dharia Switchgears and Controls Private Limited, buy the company report.
- 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
Business activity
The main business activity of Dharia Switchgears and Controls is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Dharia Switchgears and Controls Private Limited, buy the company report.
Financials of Dharia Switchgears and Controls Private Limited
FY 2025 filings availableDharia Switchgears and Controls Private Limited reported revenue of ₹33.48 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 20% growth in the latest year. EBITDA rose 240% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.79 Cr | ||||
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| Net Profit (PAT) | ₹2.14 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 11.3% | ||||
| Net Profit Margin | 6.4% | ||||
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To see the full financial statements and ratios of Dharia Switchgears and Controls Private Limited, buy the company report.
Board of directors of Dharia Switchgears and Controls Private Limited
Dharia Switchgears and Controls has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nupur Chetan Shah | Director | 05 Feb 2015 | 11 Years 8 Months | Current |
| Nitin Rajnikant Dharia Also directs: Aps Power Systems Private Limited | Director | 13 Apr 1992 | 34 Years 6 Months | Current |
| Ketan Kantilal Daftari Also directs: Aps Power Systems Private Limited | Director | 27 Sep 1994 | 32 Years 1 Months | Current |
| Chhaya Nitin Dharia | Director | 13 Apr 1992 | 34 Years 6 Months | Current |
| Manit Nitin Dharia | Director | 01 May 2006 | 20 Years 6 Months | Current |
Peer comparison
Dharia Switchgears and Controls 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nomax Electrical Steel Private Limited | ₹33.94 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Power Matrix Solutions Private Limited | ₹33.86 Cr (FY 2025) | -15.0% | Navi Mumbai, Maharashtra, India | |||
| Vaibhav Energy Saving Equipments Private Limited | ₹33.69 Cr (FY 2025) | 16.0% | Nashik, Maharashtra, India | |||
| Kaizen Electricals Private Limited | ₹33.48 Cr (FY 2025) | -36.0% | Ahmedabad, Gujarat, India | |||
| Dharia Switchgears and Controls Private Limitedthis company | ₹33.48 Cr (FY 2024) | ₹2.14 Cr | 6.4% | 20.0% | Mumbai, Maharashtra, India | |
| Khedda Insulation Systems Private Limited | ₹33.42 Cr (FY 2025) | 46.0% | Bangalore, Karnataka, India | |||
| Siddhivinayak Genset Private Limited | ₹33.42 Cr (FY 2024) | 24.0% | Khed, Maharashtra, India | |||
| Jai Balaji Controlgears Private Limited | ₹33.3 Cr (FY 2023) | 28.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Dharia Switchgears and Controls Private Limited, buy the company report.
Auditor
Dharia Switchgears and Controls Private Limited is audited by TUSHAR KAMDAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TUSHAR KAMDAR & ASSOCIATES | FY 2023 | 118880W |
Shareholding
The shareholding of Dharia Switchgears and Controls 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 Dharia Switchgears and Controls Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2023 | 100835591 | Others | ₹2 Cr | Open | |
| 11 Dec 2020 | 100409786 | Others | ₹10 Cr | Open | |
| 31 Mar 2005 | 90349563 | Sundaram Finance Ltd. | ₹4.3 Lakh | Open | |
| 26 Aug 2006 | 10146493 | Others | ₹9 Cr | Satisfied | |
| 11 Aug 2006 | 10146509 | Indian Bank | ₹8 Cr | Satisfied |
To see the full charge records of Dharia Switchgears and Controls Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Dharia Switchgears and Controls Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Dharia Switchgears and Controls Private Limited was last rated by Crisil on 11 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Mar 2020 |
To see the full credit ratings and regulatory alerts of Dharia Switchgears and Controls Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dharia Switchgears and Controls Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dharia Switchgears and Controls has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD1380M1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dharia Switchgears and Controls Private Limited, buy the company report.
Recent activity
Dharia Switchgears and Controls Private Limited has 7 board changes on record since 1992: 5 appointments and 2 cessations. The latest: Induben Rajnikant Dharia ceased to be Director on 01 Aug 2019.
8 earlier events are in the company report.
Frequently asked questions
Dharia Switchgears and Controls is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 April 1992 (34+ years old) and is registered under CIN U40100MH1992PTC066346.
Dharia Switchgears and Controls has 5 current directors:
- Nupur Chetan Shah - Director
- Nitin Rajnikant Dharia - Director
- Ketan Kantilal Daftari - Director
- Chhaya Nitin Dharia - Director
- Manit Nitin Dharia - Director
The latest financial statements of Dharia Switchgears and Controls on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dharia Switchgears and Controls is 27AAACD1380M1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dharia Switchgears and Controls is U40100MH1992PTC066346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharia Switchgears and Controls was incorporated on 13 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Dharia Switchgears and Controls by revenue are Nomax Electrical Steel Private Limited, Power Matrix Solutions Private Limited, Vaibhav Energy Saving Equipments Private Limited, Kaizen Electricals Private Limited, Khedda Insulation Systems 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).
Induben Rajnikant Dharia ceased to be Director on 01 Aug 2019. Nupur Chetan Shah was appointed as Director on 05 Feb 2015. Rajnikant Ochhavlal Dharia ceased to be Director on 28 Mar 2009. Dharia Switchgears and Controls has 7 board changes on record in total.
Dharia Switchgears and Controls can be reached through the website dhariaswitchgear.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Dharia Switchgears and Controls is at 38 Mistry Indl Complexcross Road A MIDC Andheri East, Mumbai, Maharashtra, India – 400093.
Dharia Switchgears and Controls operates in the energy and power industry, in the power equipment manufacturers segment.
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