MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-UP-28-0019373
Million Switch Gears Private Limited
Million Switch Gears Private Limited - energy and power in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.04 Cr
▼ 12% YoY
Net profit · FY 2025
₹9.46 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹18.06 Lakh
EBITDA margin 4.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹48.76 Lakh
Issued & subscribed
Open charges
₹10.01 Lakh
Secured borrowings
Company age
30 yrs
Est. 1996
Directors on board
4
As per MCA filings
About Million Switch Gears Private Limited
Data last updated:
Million Switch Gears 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 18 June 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31909DL1996PTC079742. Its GSTIN is 09AAACM8980E2Z6 (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹48.76 Lakh. It is led by directors including Seshmal Jain and Manju Devi.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3/27A Sahdev Gali Vishwas Nagar, New Delhi, Delhi, India – 110032.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.04 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹9.46 Lakh (net margin 2.3%) and EBITDA of ₹18.06 Lakh (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹10.01 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
Million Switch Gears Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0019373). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31909DL1996PTC079742
Registration Number 079742
Incorporation Date 18 June 1996
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-UP-28-0019373
Recognitions & Rankings of Million Switch Gears
Contact details
Million Switch Gears Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3/27A Sahdev Gali Vishwas Nagar, New Delhi, Delhi, India – 110032
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Million Switch Gears Private Limited, buy the company report.
Comprehensive company report
Million Switch Gears 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
Business activity
The main business activity of Million Switch Gears is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Million Switch Gears Private Limited, buy the company report.
Financials of Million Switch Gears Private Limited
FY 2025 filings availableMillion Switch Gears Private Limited reported revenue of ₹4.04 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹4.04 Cr ▼ 12%
Net profit · FY 2025
₹9.46 Lakh margin 2.3%
EBITDA · FY 2025
₹18.06 Lakh margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 6%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 12% fall in the latest year. EBITDA fell 7% 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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| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹18.06 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.46 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 4.5% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Million Switch Gears Private Limited, buy the company report.
Board of directors of Million Switch Gears Private Limited
Million Switch Gears has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Seshmal Jain | Director | 18 Jun 1996 | 30 Years 4 Months | Current |
| Manju Devi | Director | 18 Jun 1996 | 30 Years 4 Months | Current |
| Rahul Jain | Director | 21 Jul 2012 | 14 Years 3 Months | Current |
| Prathibha Jain | Director | 06 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Million Switch Gears Private Limited is audited by RAJ GUPTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJ GUPTA & ASSOCIATES | FY 2023 | 014642N |
Shareholding
The shareholding of Million Switch Gears 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 Million Switch Gears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.01 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2021 | 100439736 | Hdfc Bank Limited | ₹10.01 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Million Switch Gears Private Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed against the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Commercial suit | Filed against the company by Shri Jugraj Gutraj Jain Proprietor, Vikas Cable Industries | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Shahdara, Delhi | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Million Switch Gears 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
Million Switch Gears Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 18 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Upg Technologies (India) Private Limited | |||
| an individual supplier | |||
| D.R. Plasto Tech Private Limited | |||
| Divya Electrical | |||
| an individual supplier |
To see the full MSME payment records of Million Switch Gears Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Million Switch Gears has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACM8980E2Z6 | Uttar Pradesh | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Million Switch Gears Private Limited, buy the company report.
Recent activity
Million Switch Gears Private Limited has 8 board changes on record since 1996: 4 appointments and 4 cessations. The latest: Prathibha Jain was appointed as Director on 06 Sep 2025.
AGM
Million Switch Gears Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Appointed
Prathibha Jain was appointed as Director.
Filing
Million Switch Gears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Ceased
Manju Devi ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.01 Lakh with Charge ID 100439736 was registered on 03 Mar 2021.
Ceased
Madan Lal ceased to be Director.
Ceased
Rahul Jain ceased to be Additional Director.
Appointed
Rahul Jain was appointed as Director.
Ceased
Jug Raj Jain ceased to be Director.
Appointed
Manju Devi was appointed as Director.
Appointed
Seshmal Jain was appointed as Director.
Incorporation
18 Jun 1996
Million Switch Gears Private Limited was registered on 18 Jun 1996 with Roc Delhi Ii & aged 30 years 4 months as per MCA records.
Frequently asked questions
Million Switch Gears 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 18 June 1996 (30+ years old) and is registered under CIN U31909DL1996PTC079742.
Million Switch Gears has 4 current directors:
- Seshmal Jain - Director
- Manju Devi - Director
- Rahul Jain - Director
- Prathibha Jain - Director
The latest financial statements of Million Switch Gears on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Million Switch Gears is 09AAACM8980E2Z6, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Million Switch Gears is U31909DL1996PTC079742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Million Switch Gears has 3 court cases on record: 3 filed against it. 2 are pending.
Million Switch Gears was incorporated on 18 June 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
Prathibha Jain was appointed as Director on 06 Sep 2025. Manju Devi ceased to be Director on 13 Feb 2024. Madan Lal ceased to be Director on 31 Mar 2018. Million Switch Gears has 8 board changes on record in total.
Yes, Million Switch Gears is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-28-0019373).
Million Switch Gears has 6 MSME Form 1 returns on record between 2019 and 2023, listing 18 overdue payments to 9 micro and small suppliers. The latest return was filed on 21 Oct 2023.
The registered office of Million Switch Gears is at 327A Sahdev Gali Vishwas Nagar, New Delhi, Delhi, India – 110032.