MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0000476
Dri India Relays Private Limited - energy and power in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹62.09 Cr
▼ 19% YoY
Net profit · FY 2025
₹1.22 Cr
Net margin 2%
EBITDA · FY 2025
₹9.22 Cr
EBITDA margin 14.9%
Authorised capital
₹55 Lakh
Registered with MCA
Paid-up capital
₹51.79 Lakh
Issued & subscribed
Open charges
₹16 Lakh
Secured borrowings
Company age
22 yrs
Est. 2004
Employees · EPFO
87
Provident fund records
About Dri India Relays Private Limited
Data last updated:
Dri India Relays Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Tyco Electronics Singapore Pte Ltd. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 04 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2004FTC033308. Its GSTIN is 29AABCD9734C1ZN (Karnataka).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹51.79 Lakh. It was formerly known as Deutsch India Connectors and Reys Private Limited. It is led by directors including Rajesh Kancheepuram Karunanithi Aravind and Srinivasan Viswanath.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 69F KIADB Bengaluru Aerospace Park B.K. Halli Post Bagalur Bengaluru Nort, H, Karnataka, India – 562149.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.09 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Cr (net margin 2%) and EBITDA of ₹9.22 Cr (EBITDA margin 14.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The company has about 87 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: DRI Relays. As per MCA filings, the company has open charges of ₹16 Lakh on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 2 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.49 Cr; the latest was in November 2022. Its 4 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, 1 larger and 3 smaller; the largest is Powersol Infra Services Private Limited with revenue of ₹62.66 Cr. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 22 overdue payments to 4 micro and small suppliers.
Dri India Relays Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0000476). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website drirelays.net.
Company details
CIN U29299KA2004FTC033308
Registration Number 033308
Incorporation Date 04 February 2004
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Tyco Electronics Singapore Pte Ltd
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-02-0000476
CIN history
Dri India Relays has one previous CIN (Corporate Identification Number): U29299KA2004PTC033308. The current CIN is U29299KA2004FTC033308, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29299KA2004FTC033308 | Current |
| U29299KA2004PTC033308 | Previous |
Key People
Rajesh Kancheepuram Karunanithi Aravind Director Srinivasan Viswanath Director Ramaswamy Raghavendra Director Recognitions & Rankings of Dri India Relays
Contact details
Dri India Relays Private Limited's registered office is in Bengaluru, Karnataka.
- Registered AddressNo. 69F KIADB Bengaluru Aerospace Park B.K. Halli Post Bagalur Bengaluru Nort, H, Karnataka, India – 562149
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
Dri India Relays 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
Brands
Dri India Relays operates one associated brand: DRI Relays. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Relays for industrial use are manufactured by DRI Relays. | drirelays.net |
Business activity
The main business activity of Dri India Relays 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 Dri India Relays Private Limited, buy the company report.
Financials of Dri India Relays Private Limited
FY 2025 filings availableDri India Relays Private Limited reported revenue of ₹62.09 Cr (down 19% YoY) for FY 2025.
Revenue · FY 2025
₹62.09 Cr ▼ 19%
Net profit · FY 2025
₹1.22 Cr margin 2%
EBITDA · FY 2025
₹9.22 Cr margin 14.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 5%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 22%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 19% fall in the latest year. EBITDA fell 18% 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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| EBITDA | ₹9.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.22 Cr | ||||
| Balance Sheet | |||||
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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 | 14.9% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dri India Relays Private Limited, buy the company report.
Board of directors of Dri India Relays Private Limited
Dri India Relays has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kancheepuram Karunanithi Aravind Also directs: Cii Guardian International Limited | Director | 19 Mar 2024 | 2 Years 7 Months | Current |
| Srinivasan Viswanath Also directs: Cii Guardian International Limited, Schaffner India Private Limited, Te Connectivity India Private Limited and 1 more | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
| Ramaswamy Raghavendra Also directs: Deutsch India Power Connectors Private Limited | Director | 12 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Dri India Relays Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Powersol Infra Services Private Limited | ₹62.66 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Dri India Relays Private Limitedthis company | ₹62.09 Cr (FY 2025) | ₹1.22 Cr | 2% | -19.0% | Bengaluru, Karnataka, India | |
| Sirius Solar Energy Systems Private Limited | ₹61.99 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Unilec Engineers Limited | ₹61.73 Cr (FY 2018) | -6.0% | New Delhi, Delhi, India | |||
| Load Controls India Private Limited | ₹61.54 Cr (FY 2025) | 69.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Dri India Relays Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2014 | 10522468 | The Hongkong and Shanghai Banking Corporation Limite | ₹16 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Dri India Relays Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.49 Cr; the latest was in November 2022.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹20.49 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Tyco Electronics Singapore Pte Limited Seller: Deutsch Relays Inc, USA |
| Dec 2016 | Funding round | ₹4.99 Cr | Investors: Deutsch Relays Inc, USA |
| Apr 2016 | Funding round | ₹13.69 Cr | Investors: Deutsch Relays Inc, USA |
| Oct 2012 | Funding round | ₹1.81 Cr | Investors: Deutsch Relays Inc, USA |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Deutsch Relays Inc, USA, Deutsch Relays Inc, USA & Michel Nespoulous Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dri India Relays Private Limited has 5 court cases on record: 2 filed by Dri India Relays, 3 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (REF) | Filed against the company by Kaveri N. Bhat and G. Lalitha Devi Rep by President D R I India Relays Employees Union, Bengaluru | Pending |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by Dri India Relays Employees Union | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against The Assistant Labour Commissioner and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (ID) | Filed against the company by Dri India Relays Employees Union | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against Dri India Relays Employees Union | Disposed |
To see the full case history of Dri India Relays 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
Dri India Relays Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 22 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Globatronix(Bombay)Pvt. Ltd. | |||
| Crouzet Mechatronics India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Dri India Relays Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Dri India Relays has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCD9734C1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dri India Relays Private Limited, buy the company report.
Recent activity
Dri India Relays Private Limited has 18 board changes on record since 2007: 3 appointments and 15 cessations. The latest: Ramaswamy Raghavendra ceased to be Additional Director on 26 Sep 2024.
AGM
Dri India Relays Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Dri India Relays Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ramaswamy Raghavendra ceased to be Additional Director.
Appointed
Ramaswamy Raghavendra was appointed as Director.
Appointed
Rajesh Kancheepuram Karunanithi Aravind was appointed as Director.
Ceased
Ganesh Prasad Cheralu ceased to be Additional Director.
Ceased
Babu Oommen ceased to be Director.
Ceased
Rahul Kshitij Mathur ceased to be Additional Director.
Ceased
Srinivasan Viswanath ceased to be Additional Director.
Ceased
Francois Xavier Gilbert Claude Lamy ceased to be Director.
Ceased
Michel Nespoulous ceased to be Director.
Appointed
Srinivasan Viswanath was appointed as Director.
10 earlier events are in the company report.
Frequently asked questions
Dri India Relays is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 04 February 2004 (22+ years old) and is registered under CIN U29299KA2004FTC033308.
Dri India Relays has 3 current directors:
- Rajesh Kancheepuram Karunanithi Aravind - Director
- Srinivasan Viswanath - Director
- Ramaswamy Raghavendra - Director
The latest financial statements of Dri India Relays on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dri India Relays is 29AABCD9734C1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Dri India Relays is U29299KA2004FTC033308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dri India Relays has 5 court cases on record: 2 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Dri India Relays was incorporated on 04 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Dri India Relays has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.49 Cr; the latest was in November 2022.
The peers of Dri India Relays by revenue are Powersol Infra Services Private Limited, Sirius Solar Energy Systems Private Limited, Unilec Engineers Limited, Load Controls India Private Limited, 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).
Ramaswamy Raghavendra ceased to be Additional Director on 26 Sep 2024. Ramaswamy Raghavendra was appointed as Director on 12 Jun 2024. Rajesh Kancheepuram Karunanithi Aravind was appointed as Director on 19 Mar 2024. Dri India Relays has 18 board changes on record in total.
Yes, Dri India Relays is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0000476).
Dri India Relays has 4 MSME Form 1 returns on record between 2022 and 2024, listing 22 overdue payments to 4 micro and small suppliers. The latest return was filed on 25 Apr 2024.