Milestones Switchgears Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 9.77 M
- Company Age 33 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 61.50 Cr
- Satisfied Charges ₹ 44.06 Cr
- Revenue Growth 11.73%
- Profit Growth 14.27%
- Ebitda 187.12%
- Net Worth 6.24%
- Total Assets -6.67%
About Milestones Switchgears
Milestones Switchgears Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 April 1992 and has a history of 33 years and two months. Its registered office is in Delhi, India.
The Company is engaged in the Energy And Power Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 9.77 M.
The company currently has active open charges totaling ₹61.50 Cr. The company has closed loans amounting to ₹44.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
Shashi Aggarwal, Gautam Aggarwal, and Anila Aggarwal serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74899DL1992PTC048298
- Company No.
048298
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Apr 1992
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Energy and Power
What products or services does Milestones Switchgears Private Limited offer?
Milestones Switchgears Private Limited offers a wide range of products and services, including Busbar Systems, Bus Ducts, Industrial Control Panel, Mimic Panels, Switchboards, Electrical Distribution System, Power Distribution Board, Control Equipment, Motor Control Centers, Electric Control Panel.
Milestones Switchgears Private Limited
Explore comprehensive data for Milestones Switchgears Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Milestones Switchgears?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shashi Aggarwal  | Director | 10-Apr-1992 | Current |
| Gautam Aggarwal | Director | 10-Apr-1992 | Current |
| Anila Aggarwal | Director | 03-Mar-2014 | Current |
Financial Performance of Milestones Switchgears.
Milestones Switchgears Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.73% increase. The company also saw a substantial improvement in profitability, with a 14.27% increase in profit. The company's net worth moved up by a moderate rise of 6.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Milestones Switchgears?
In 2023, Milestones Switchgears had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
United Electric Co Delhi Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Milestone Engineering Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Mile Aire Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Karolia Lighting Private LimitedShashi Aggarwal, Gautam Aggarwal and 1 more are mutual person
Charges (Loans)
Open Charges
₹61.50 Cr
Satisfied Charges
₹44.06 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 61.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jan 2024 | Hdfc Bank Limited | ₹17.50 Cr | Open |
| 15 Oct 2020 | Hdfc Bank Limited | ₹44.00 Cr | Open |
| 12 Oct 2010 | Union Bank Of India | ₹2.00 Cr | Satisfied |
| 09 May 2008 | Union Bank Of India | ₹10.23 Cr | Satisfied |
| 24 Dec 2007 | Union Bank Of India | ₹6.45 Cr | Satisfied |
How Many Employees Work at Milestones Switchgears?
Milestones Switchgears has a workforce of 74 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Milestones Switchgears, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Milestones Switchgears's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Milestones Switchgears
Recent activity within the organization
- 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.
- Annual General Meeting
Milestones Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Milestones Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
- Charges
A charge registered on 12 Oct 2010 via Charge ID 10252386 with Union Bank Of India was fully satisfied on 09 Apr 2021.
- Charges
A charge registered on 09 May 2008 via Charge ID 10104234 with Union Bank Of India was fully satisfied on 09 Apr 2021.
Frequently asked questions
What is the Incorporation or founding date of Milestones Switchgears Private Limited?
Milestones Switchgears Private Limited was incorporated on 10 Apr 1992.
What is authorized share capital and paid-up capital of Milestones Switchgears Private Limited?
The authorized share capital of Milestones Switchgears Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 9.77 M.
Who are the current board members & directors of Milestones Switchgears Private Limited?
Currently 3 directors are associated with Milestones Switchgears Private Limited.
- Shashi Kant Aggarwal
- Gautam Aggarwal
- Anila Aggarwal
What is the registered address of Milestones Switchgears Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Milestones Switchgears Private Limited is D-92/8 Okhla Industrial Area Phase-I India, New Delhi, 110020.
What is the corporate identification number (CIN) and company number of Milestones Switchgears Private Limited?
The corporate identification number (CIN) of Milestones Switchgears Private Limited is U74899DL1992PTC048298 and the company number is 048298 as per Ministry of Corporate Affairs (MCA).
What is the official website of Milestones Switchgears Private Limited?
The Official website of Milestones Switchgears Private Limited is https://www.milestonesindia.com
What has been the recent revenue trend for Milestones Switchgears Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Milestones Switchgears Private Limited has risen by 11.73%.
How many employees does Milestones Switchgears Private Limited currently have?
As Per 2023 financial reports, 74 employees are currently employed by Milestones Switchgears Private Limited.
What change has been observed in the net worth of Milestones Switchgears Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Milestones Switchgears Private Limited has experienced an upsurge of 6.24%.
What are the total open charges for Milestones Switchgears Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Milestones Switchgears Private Limited amount to ₹ 61.50 Cr.
When was the last Balance Sheet of Milestones Switchgears Private Limited filed with the ROC?
The most recent Balance Sheet for Milestones Switchgears Private Limited was filed with the ROC on 31 Mar 2023.
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