New Era Switchgears Private Limited
About New Era Switchgears Private Limited
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New Era Switchgears Private Limited is a private limited company based in Ujjain, Madhya Pradesh, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 03 April 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31200MP1998PTC012744. Its GSTIN is 23AACCN0063H1ZY (Madhya Pradesh).
The company has an authorised share capital of ₹2.66 Cr and a paid-up capital of ₹1.39 Cr. It is led by directors including Mohsin Ali Merchant (Managing Director) and Sarah Badshah (Whole-Time Director).
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 3 – G Industrial Area Maxi Road, Ujjain, Madhya Pradesh, India – 456001.
As per the financials filed for FY 2025, the company reported a revenue of ₹15 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹20.29 Lakh (net margin 1.4%) and EBITDA of ₹65.36 Lakh (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹3.81 Cr and satisfied charges of ₹3.09 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.89 Cr; the latest was in March 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, 2 larger and 2 smaller; the largest is Variation Electric Company Private Limited with revenue of ₹15.07 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
New Era Switchgears Private Limited's registered office is in Ujjain, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3 – G Industrial Area Maxi Road, Ujjain, Madhya Pradesh, India – 456001
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of New Era Switchgears Private Limited, buy the company report.
- 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
Business activity
The main business activity of New Era 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 New Era Switchgears Private Limited, buy the company report.
Financials of New Era Switchgears Private Limited
FY 2025 filings availableNew Era Switchgears Private Limited reported revenue of ₹15 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 14% 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 | ₹65.36 Lakh | ||||
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| Net Profit (PAT) | ₹20.29 Lakh | ||||
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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 | 4.4% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of New Era Switchgears Private Limited, buy the company report.
Board of directors of New Era Switchgears Private Limited
New Era Switchgears has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarah Badshah | Whole-Time Director | 30 Mar 2006 | 20 Years 7 Months | Current |
| Asgar Ali Badshah Also directs: Safeen Maritime Private Limited | Whole-Time Director | 23 Feb 2022 | 4 Years 8 Months | Current |
| Mohsin Ali Merchant | Managing Director | 16 Mar 2012 | 14 Years 7 Months | Current |
| Rashida Merchant | Whole-Time Director | 30 Apr 2012 | 14 Years 6 Months | Current |
Peer comparison
New Era Switchgears 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 |
|---|---|---|---|---|---|---|
| Variation Electric Company Private Limited | ₹15.07 Cr (FY 2025) | 10.0% | Faridabad, Haryana, India | |||
| Shree Abirami Engineering Private Limited | ₹15.06 Cr (FY 2025) | 59.0% | Avadi, Tamil Nadu, India | |||
| New Era Switchgears Private Limitedthis company | ₹15 Cr (FY 2025) | ₹20.29 Lakh | 1.4% | -9.0% | Ujjain, Madhya Pradesh, India | |
| S.S.Controls Systems Private Limited | ₹14.88 Cr (FY 2025) | -13.0% | Aurangabad, Maharashtra, India | |||
| Sunkranti Energy Private Limited | ₹14.79 Cr (FY 2024) | 56.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of New Era Switchgears Private Limited, buy the company report.
Auditor
New Era Switchgears Private Limited is audited by V.K. Ladha & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.K. Ladha & Associates | FY 2023 | 002301C |
Shareholding
The shareholding of New Era 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 New Era Switchgears Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2009 | 10153113 | Others | ₹3.81 Cr | Open | |
| 01 Jun 2019 | 100269640 | Others | ₹1.8 Cr | Satisfied | |
| 20 Mar 2002 | 90209031 | Bank of India | ₹91.66 Lakh | Satisfied | |
| 28 Apr 1998 | 90205345 | Bank of India | ₹10 Lakh | Satisfied | |
| 06 Apr 1998 | 90205336 | Bank of India | ₹7 Lakh | Satisfied |
To see the full charge records of New Era Switchgears Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
New Era Switchgears Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.89 Cr; the latest was in March 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹3.6 Cr | Investors: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of New Era Switchgears Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
New Era Switchgears Private Limited has 2 court cases on record: 1 filed by New Era Switchgears, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gwalior, Madhya Pradesh | Court case (RCT) | Filed against the company by Company Registrar | Disposed |
| Supreme Court | Court case (2808-Mercantile Laws, Commercial Transactions Including Banking : Others) | Filed by the company against State of M.P. . | Disposed |
To see the full case history of New Era 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
No delayed payments to MSME suppliers are on our record for New Era Switchgears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
New Era Switchgears has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCN0063H1ZY | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of New Era Switchgears Private Limited, buy the company report.
Recent activity
New Era Switchgears Private Limited has 8 board changes on record since 2006: 4 appointments and 4 cessations. The latest: Asgar Ali Badshah was appointed as Whole-Time Director on 23 Feb 2022.
13 earlier events are in the company report.
Frequently asked questions
New Era Switchgears is an active private limited company based in Ujjain, Madhya Pradesh, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 03 April 1998 (28+ years old) and is registered under CIN U31200MP1998PTC012744.
New Era Switchgears has 4 current directors:
- Mohsin Ali Merchant - Managing Director
- Sarah Badshah - Whole-Time Director
- Asgar Ali Badshah - Whole-Time Director
- Rashida Merchant - Whole-Time Director
The latest financial statements of New Era 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 New Era Switchgears is 23AACCN0063H1ZY, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of New Era Switchgears is U31200MP1998PTC012744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
New Era Switchgears has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
New Era Switchgears was incorporated on 03 April 1998, making it 28+ years old. It is registered with the Registrar of Companies, Gwalior.
New Era Switchgears has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.89 Cr; the latest was in March 2022.
The peers of New Era Switchgears by revenue are Variation Electric Company Private Limited, Shree Abirami Engineering Private Limited, S.S.Controls Systems Private Limited, Sunkranti Energy 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).
Asgar Ali Badshah was appointed as Whole-Time Director on 23 Feb 2022. Sarah Badshah ceased to be Director on 01 Mar 2014. Rashida Merchant ceased to be Additional Director on 29 Sep 2012. New Era Switchgears has 8 board changes on record in total.
The registered office of New Era Switchgears is at 3 – G Industrial Area Maxi Road, Ujjain, Madhya Pradesh, India – 456001.