MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0007631
Milestones Switchgears Private Limited - energy and power in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹69.78 Cr
▲ 20% YoY
Net profit · FY 2024
₹4.39 Cr
Net margin 6.3%
EBITDA · FY 2024
₹6.69 Cr
EBITDA margin 9.6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹97.7 Lakh
Issued & subscribed
Open charges
₹109.95 Cr
Satisfied ₹44.06 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
74
Provident fund records
About Milestones Switchgears Private Limited
Data last updated:
Milestones Switchgears Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 10 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1992PTC048298. Its GSTIN is 06AAACM1262F1ZY (Haryana). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹97.7 Lakh. It is led by directors including Gautam Aggarwal and Shashi Kant Aggarwal.
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 D – 92/8 Okhla Industrial Area, Phase – I, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2024, the company reported a revenue of ₹69.78 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹4.39 Cr (net margin 6.3%) and EBITDA of ₹6.69 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 11% over five years.
The company has about 74 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Milestone Gears and Milestones Switchgears. As per MCA filings, the company has open charges of ₹109.95 Cr and satisfied charges of ₹44.06 Cr on record. Court records list 17 cases involving the company, including 17 filed by the company; 1 case is pending.
Milestones Switchgears Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0007631). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milestonesindia.com.
Company details
CIN U74899DL1992PTC048298
Registration Number 048298
Incorporation Date 10 April 1992
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-HR-05-0007631
Recognitions & Rankings of Milestones Switchgears
Contact details
Milestones Switchgears Private Limited's registered office is in New Delhi, Delhi. Its website is milestonesindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 92/8 Okhla Industrial Area, Phase – I, New Delhi, Delhi, India – 110020
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Milestones Switchgears Private Limited, buy the company report.
Comprehensive company report
Milestones 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
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Brands
Milestones Switchgears operates two associated brands: Milestone Gears and Milestones Switchgears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies transmission components to original equipment manufacturers. | milestonegroup.co.in | |
| Manufacturing of LT and HT electrical panels and switchboards. | milestonesindia.com |
Business activity
The main business activity of Milestones Switchgears 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 Milestones Switchgears Private Limited, buy the company report.
Financials of Milestones Switchgears Private Limited
FY 2024 filings availableMilestones Switchgears Private Limited reported revenue of ₹69.78 Cr (up 20% YoY) for FY 2024.
Revenue · FY 2024
₹69.78 Cr ▲ 20%
Net profit · FY 2024
₹4.39 Cr margin 6.3%
EBITDA · FY 2024
₹6.69 Cr margin 9.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 22%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 106%
3 years · compounded
▲ 48%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 20% growth in the latest year. EBITDA rose 106% 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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| Total Expenses | |||||
| EBITDA | ₹6.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.39 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | ||||
| Net Profit Margin | 6.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Milestones Switchgears Private Limited, buy the company report.
Board of directors of Milestones Switchgears Private Limited
Milestones Switchgears has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Aggarwal Also directs: Karolia Lighting Private Limited, United Electric Co Delhi Private Limited, Milestone Engineering Private Limited and 1 more | Director | 10 Apr 1992 | 34 Years 6 Months | Current |
| Shashi Kant Aggarwal Also directs: Karolia Lighting Private Limited, United Electric Co Delhi Private Limited, Milestone Engineering Private Limited and 1 more | Director | 10 Apr 1992 | 34 Years 6 Months | Current |
| Anila Aggarwal Also directs: Karolia Lighting Private Limited, United Electric Co Delhi Private Limited, Milestone Engineering Private Limited and 1 more | Director | 03 Mar 2014 | 12 Years 7 Months | Current |
Peer comparison
Milestones Switchgears Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Powertech Switchgears (India) Private Limited | ₹70.4 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Advance Powerinfra Tech Limited | ₹70.33 Cr (FY 2018) | 451.0% | Kolkata, West Bengal, India | |||
| Milestones Switchgears Private Limitedthis company | ₹69.78 Cr (FY 2024) | ₹4.39 Cr | 6.3% | 20.0% | 74 | New Delhi, Delhi, India |
| Oswal Transformers Private Limited | ₹69.37 Cr (FY 2025) | 5.0% | Rajasthan, India | |||
| Aq Inductive Components India Private Limited | ₹68.71 Cr (FY 2024) | 26.0% | Pune, Maharashtra, India | |||
| Jatson Power Private Limited | ₹68.7 Cr (FY 2025) | 48.0% | Valsad, Gujarat, India |
To see the full peer comparison of Milestones Switchgears Private Limited, buy the company report.
Auditor
Milestones Switchgears Private Limited is audited by Bhatia & Bhatia for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhatia & Bhatia | FY 2023 | 003202N |
Shareholding
The shareholding of Milestones 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 Milestones Switchgears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹109.95 Cr
Satisfied charges
₹44.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2025 | 101112905 | Others | ₹10.45 Cr | Open | |
| 24 Jun 2025 | 101112910 | Others | ₹6 Cr | Open | |
| 24 Jun 2025 | 101112922 | Others | ₹9.5 Cr | Open | |
| 06 Nov 2024 | 100997704 | Others | ₹22.5 Cr | Open | |
| 03 Jan 2024 | 100892183 | Hdfc Bank Limited | ₹17.5 Cr | Open |
To see the full charge records of Milestones Switchgears Private Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Milestones Switchgears Private Limited has 17 court cases on record: 17 filed by Milestones Switchgears. 1 case is pending and 16 are disposed.
Total cases
17
Filed by the company
17
Pending
1
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 1 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against Asian Switchgear Pvt Ltd and 2 others | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed by the company against Raheja Developers Ltd | Disposed |
| District court, South, Delhi | Execution petition | Filed by the company against M/S H.S.Oberoi Buildtech Pvt. Ltd. | Disposed |
| District court, South, Delhi | Civil suit | Filed by the company against Ms H.S. Oberoi Buildtech Pvt. Ltd Etc | Disposed |
| Supreme Court | Court case | Filed by the company against Rana Sugars Ltd. | Disposed |
To see the full case history of Milestones 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.
Credit ratings & regulatory alerts
Milestones Switchgears Private Limited was last rated by Icra on 19 Nov 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 19 Nov 2018 |
To see the full credit ratings and regulatory alerts of Milestones Switchgears Private Limited, buy the company report.
MSME payment delays
Milestones Switchgears Private Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Advance Hydrau-Components Private Limited | |||
| Bonton Cables (India) Private Limited | |||
| an individual supplier | |||
| Chemetall India Private Limited |
To see the full MSME payment records of Milestones Switchgears Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Milestones Switchgears has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Nited Electric Co Delhi Private Limited | U74899DL1983PTC014974 |
To see the full group structure of Milestones Switchgears Private Limited, buy the company report.
Employees & EPFO
Milestones Switchgears Private Limited has a workforce of 74 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
74
Active EPFO establishments
1
Employee growth
-20.43%
GST
Milestones Switchgears has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACM1262F1ZY | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milestones Switchgears Private Limited, buy the company report.
Recent activity
Milestones Switchgears Private Limited has 3 board changes on record since 1992: 3 appointments. The latest: Anila Aggarwal was appointed as Director on 03 Mar 2014.
Charges
A charge with Others of Rs. 6.00 Cr registered on 24 Jun 2025 with Charge ID 101112910 was modified on 18 Sep 2025.
Charges
A charge with Others of Rs. 9.50 Cr registered on 24 Jun 2025 with Charge ID 101112922 was modified on 18 Sep 2025.
Charges
A charge with Others of Rs. 22.50 Cr registered on 06 Nov 2024 with Charge ID 100997704 was modified on 12 Sep 2025.
Charges
A charge with Others amounted to Rs. 10.45 Cr with Charge ID 101112905 was registered on 24 Jun 2025.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101112910 was registered on 24 Jun 2025.
Charges
A charge with Others amounted to Rs. 9.50 Cr with Charge ID 101112922 was registered on 24 Jun 2025.
Charges
A charge with Others amounted to Rs. 22.50 Cr with Charge ID 100997704 was registered on 06 Nov 2024.
AGM
Milestones Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Milestones Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.50 Cr with Charge ID 100892183 was registered on 03 Jan 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 44.00 Cr registered on 15 Oct 2020 with Charge ID 100384047 was modified on 05 Oct 2023.
Charges
A charge registered on 12 Oct 2010 via Charge ID 10252386 with Union Bank Of India was fully satisfied on 09 Apr 2021.
46 earlier events are in the company report.
Frequently asked questions
Milestones Switchgears is an active private limited company based in New Delhi, Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 10 April 1992 (34+ years old) and is registered under CIN U74899DL1992PTC048298.
Milestones Switchgears has 3 current directors:
- Gautam Aggarwal - Director
- Shashi Kant Aggarwal - Director
- Anila Aggarwal - Director
The latest financial statements of Milestones 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 Milestones Switchgears is 06AAACM1262F1ZY, registered in Haryana. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Milestones Switchgears is U74899DL1992PTC048298. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milestones Switchgears has 17 court cases on record: 17 filed by the company. 1 is pending. Most are in the district courts.
Milestones Switchgears was incorporated on 10 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Milestones Switchgears by revenue are Powertech Switchgears (India) Private Limited, Advance Powerinfra Tech Limited, Oswal Transformers Private Limited, Aq Inductive Components India Private Limited, Jatson Power 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).
Anila Aggarwal was appointed as Director on 03 Mar 2014. Gautam Aggarwal was appointed as Director on 10 Apr 1992. Shashi Kant Aggarwal was appointed as Director on 10 Apr 1992.
Yes, Milestones Switchgears is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0007631).
Milestones Switchgears has 2 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 01 Sep 2021.
Milestones Switchgears can be reached through the website milestonesindia.com. Its registered office is in New Delhi, Delhi, India.