MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-RJ-17-0032999
Millborn Switchgears Private Limited - energy and power in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹46.88 Cr
▲ 1% YoY
Net profit · FY 2025
₹84.15 Lakh
Net margin 1.8%
EBITDA · FY 2025
₹1.83 Cr
EBITDA margin 3.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹29,150
Secured borrowings
Company age
22 yrs
Est. 2004
Employees · EPFO
146
Provident fund records
About Millborn Switchgears Private Limited
Data last updated:
Millborn Switchgears Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 13 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U20654RJ2004PTC019592. Its GSTIN is 08AAECM1817G1ZN (Rajasthan). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sapna Oswal and Millborn.
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 36C Sudershanpura, Jaipur, Rajasthan, India – 302006.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.88 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹84.15 Lakh (net margin 1.8%) and EBITDA of ₹1.83 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
The company has about 146 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Millborn Switchgears. As per MCA filings, the company has open charges of ₹29,150 on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
Millborn Switchgears Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0032999). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website millborn.com.
Company details
CIN U20654RJ2004PTC019592
Registration Number 019592
Incorporation Date 13 August 2004
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-RJ-17-0032999
Recognitions & Rankings of Millborn Switchgears
Contact details
Millborn Switchgears Private Limited's registered office is in Jaipur, Rajasthan. Its website is millborn.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address36C Sudershanpura, Jaipur, Rajasthan, India – 302006
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Millborn Switchgears Private Limited, buy the company report.
Comprehensive company report
Millborn 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
Brands
Millborn Switchgears operates one associated brand: Millborn Switchgears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality electrical switchgears for industrial applications. | millborn.com |
Business activity
The main business activity of Millborn 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 Millborn Switchgears Private Limited, buy the company report.
Financials of Millborn Switchgears Private Limited
FY 2025 filings availableMillborn Switchgears Private Limited reported revenue of ₹46.88 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹46.88 Cr ▲ 1%
Net profit · FY 2025
₹84.15 Lakh margin 1.8%
EBITDA · FY 2025
₹1.83 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 4%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 17%
5 years · compounded
▼ 8%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 1% growth in the latest year. EBITDA fell 32% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹46.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹84.15 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Millborn Switchgears Private Limited, buy the company report.
Board of directors of Millborn Switchgears Private Limited
Millborn 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 |
|---|---|---|---|---|
| Sapna Oswal Also directs: Scrueasy Technologies LLP | Director | 13 Aug 2004 | 22 Years 2 Months | Current |
| Millborn | Director | 13 Aug 2004 | 22 Years 2 Months | Current |
| Rhythm Millborn Also directs: Scrueasy Technologies LLP | Director | 01 Dec 2020 | 5 Years 10 Months | Current |
| Gracy Millborn Also directs: Scrueasy Technologies LLP | Director | 25 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Millborn Switchgears Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Vardhman Electro-Mech Private Limited | ₹47.83 Cr (FY 2025) | 52.0% | Jaipur, Rajasthan, India | |||
| Vishal Transformers and Switchgears Private Limited | ₹47.1 Cr (FY 2024) | -11.0% | Uttar Pradesh, India | |||
| Millborn Switchgears Private Limitedthis company | ₹46.88 Cr (FY 2025) | ₹84.15 Lakh | 1.8% | 1.0% | 146 | Jaipur, Rajasthan, India |
| Elmot Alternators Private Limited | ₹46.67 Cr (FY 2024) | 58.0% | W/E/F/14/04/2005, Maharashtra, India | |||
| Venkateshwara Automation and Controls Private Limited | ₹46.67 Cr (FY 2025) | 5.0% | Pune, Maharashtra, India | |||
| Gujarat Plug-In Devices Pvt Ltd | ₹46.57 Cr (FY 2025) | -14.0% | Vadodara, Gujarat, India | |||
| Karolia Lighting Private Limited | ₹46.56 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Millborn Switchgears Private Limited, buy the company report.
Auditor
Millborn Switchgears Private Limited is audited by G. MEHTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. MEHTA & CO. | FY 2023 | 007313C |
Shareholding
The shareholding of Millborn 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Millborn Switchgears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹29,150
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2020 | 100370431 | Others | ₹29,150 | Open |
Total charge records: 1 View all charges
Legal cases
Millborn Switchgears Private Limited has 5 court cases on record: 3 filed by Millborn Switchgears, 2 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (COM.OS) | Filed against the company by Schneider Electric India Pvt Ltd Arjun Santhos | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Schneider Electric India Pvt Ltd | Disposed |
| High Court of Rajasthan | Writ petition | Filed by the company against State of Rajasthan | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Rent Case) | Filed by the company against an individual | Disposed |
To see the full case history of Millborn 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
Millborn Switchgears Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 18 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Jimcap Electronics Private Limited | |||
| an individual supplier | |||
| Accurex Faridabad | |||
| an individual supplier |
To see the full MSME payment records of Millborn Switchgears Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Millborn Switchgears Private Limited has a workforce of 146 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
146
Active EPFO establishments
1
Employee growth
-9.32%
GST
Millborn Switchgears has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAECM1817G1ZN | Rajasthan | Active | 01 Jul 2017 |
| 24AAECM1817G1ZT | Gujarat | Active | 24 Feb 2021 |
| 29AAECM1817G1ZJ | Karnataka | Active | 15 Mar 2021 |
To see the full GST registrations and return filing status of Millborn Switchgears Private Limited, buy the company report.
Recent activity
Millborn Switchgears Private Limited has 6 board changes on record since 2004: 4 appointments and 2 cessations. The latest: Gracy Millborn was appointed as Director on 25 Jul 2024.
AGM
Millborn Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Millborn Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Appointed
Gracy Millborn was appointed as Director.
Appointed
Rhythm Millborn was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.29 Lakh with Charge ID 100370431 was registered on 17 Sep 2020.
Ceased
Manorama Kataria ceased to be Director.
Ceased
Mangla Bai Jain ceased to be Director.
Appointed
Millborn was appointed as Director.
Appointed
Sapna Oswal was appointed as Director.
Incorporation
13 Aug 2004
Millborn Switchgears Private Limited was registered on 13 Aug 2004 with Roc Jaipur & aged 22 years 2 months as per MCA records.
Frequently asked questions
Millborn Switchgears is an active private limited company based in Jaipur, Rajasthan, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 13 August 2004 (22+ years old) and is registered under CIN U20654RJ2004PTC019592.
Millborn Switchgears has 4 current directors:
- Sapna Oswal - Director
- Millborn - Director
- Rhythm Millborn - Director
- Gracy Millborn - Director
The latest financial statements of Millborn Switchgears 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 Millborn Switchgears is 08AAECM1817G1ZN, registered in Rajasthan. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAECM1817G1ZT (Gujarat), 29AAECM1817G1ZJ (Karnataka).
The CIN (Corporate Identification Number) of Millborn Switchgears is U20654RJ2004PTC019592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Millborn Switchgears has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Millborn Switchgears was incorporated on 13 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Millborn Switchgears by revenue are Vardhman Electro-Mech Private Limited, Vishal Transformers and Switchgears Private Limited, Elmot Alternators Private Limited, Venkateshwara Automation and Controls Private Limited, Gujarat Plug-In Devices Pvt Ltd and 1 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).
Gracy Millborn was appointed as Director on 25 Jul 2024. Rhythm Millborn was appointed as Director on 01 Dec 2020. Manorama Kataria ceased to be Director on 16 Feb 2015. Millborn Switchgears has 6 board changes on record in total.
Yes, Millborn Switchgears is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-17-0032999).
Millborn Switchgears has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 18 overdue payments to 12 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Millborn Switchgears can be reached through the website millborn.com. Its registered office is in Jaipur, Rajasthan, India.