About Norisys Technology Private Limited
Data last updated:
Norisys Technology 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 09 January 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31101DL1987PTC026630. Its GSTIN is 06AAACN2855K1ZD (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.1 Cr. It was formerly known as Norisys Technology Limited and North-West Switchgear Pvt Ltd. It is led by directors including Prabhu Dayal Agarwal (Managing Director) and Saurav Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 62 Mayfair Garden, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹324.98 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹105.91 Cr (net margin 32.6%) and EBITDA of ₹148.28 Cr (EBITDA margin 45.6%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 25% over five years.
The company has about 542 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Norisys Technology. As per MCA filings, the company has open charges of ₹30 Lakh and satisfied charges of ₹6.39 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it. The company has 7 deals on record (6 secondary share transfers, 1 acquisition); the latest was in June 2024. Its 7 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, 4 larger and 3 smaller; the largest is Riello Power India Private Limited with revenue of ₹338.99 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website norisys.com.
Name History
Norisys Technology has undergone 3 name changes throughout its history. The company was previously known as Norisys Technology Limited, North-West Switchgear Pvt Ltd, and North-West Switchgear Ltd. The current legal name is Norisys Technology Private Limited.
| Company Name | Status |
|---|---|
| Norisys Technology Private Limited | Current |
| Norisys Technology Limited | Previous |
| North-West Switchgear Pvt Ltd | Previous |
| North-West Switchgear Ltd | Previous |
CIN History
Norisys Technology has one previous CIN (Corporate Identification Number): U31101DL1987PLC026630. The current CIN is U31101DL1987PTC026630, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31101DL1987PTC026630 | Current |
| U31101DL1987PLC026630 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA – 62 Mayfair Garden, New Delhi, Delhi, India – 110016
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
- One PDF report, delivered after checkout
Associated Brands
Norisys Technology operates one associated brand: Norisys Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacture of electrical switches, sockets, and accessories for residential and commercial buildings. | norisys.com |
Business Activity
The main business activity of Norisys Technology is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Norisys Technology Private Limited
FY 2025 filings availableNorisys Technology Private Limited reported revenue of ₹324.98 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 11% growth in the latest year. EBITDA rose 4% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹148.28 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹105.91 Cr | |
| 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 45.6% | |
| Net Profit Margin | 32.6% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Norisys Technology are in the company report.
: available in the company report
Board of Directors of Norisys Technology Private Limited
Norisys Technology has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhu Dayal Agarwal | Managing Director | 09 Jan 1987 | 39 Years 9 Months | Current |
| Alok Kumar Mittal | Director | 30 Jan 2006 | 20 Years 8 Months | Current |
| Saurav Agarwal Also directs: Priyanka Vasvi Data Progressive Private Limited | Whole-Time Director | 30 Dec 1996 | 29 Years 9 Months | Current |
Peer Comparison
Norisys Technology Private Limited is compared with the 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). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Riello Power India Private Limited | ₹338.99 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Southern Batteries Private Limited | ₹333.42 Cr (FY 2017) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Advance Panels and Switchgears Private Limited | ₹333.39 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Fybros Moddular Private Limited | ₹329.08 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| Norisys Technology Private Limited this company | ₹324.98 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Raksan Transformers Limited | ₹324.79 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | New Delhi, Delhi, India |
| L&T - Mhi Power Turbine Generators Private Limited | ₹319.93 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Best Power Equipments India Private Limited | ₹314.37 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
Peers are the companies nearest to Norisys Technology by revenue, above and below it, 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Norisys Technology Private Limited is audited by BGJC & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BGJC & ASSOCIATES LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2005 | Citicorp Maruti Finance Ltd | ₹3.65 Lakh | Satisfied |
| 26 Mar 1999 | The Industrial Finance Corporation of India Limited | ₹1.98 Cr | Satisfied |
| 12 Jan 1998 | Canara Bank | ₹- | Satisfied |
| 17 Feb 1995 | Ifci Limited | ₹1 Cr | Satisfied |
| 17 Jan 1995 | Canara Bank | ₹- | Satisfied |
Total charge records: 23 View all charges
Deals & Funding
Norisys Technology Private Limited has 7 deals on record (6 secondary share transfers, 1 acquisition); the latest was in June 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Secondary share transfer | Undisclosed | Seller: Prabhu Dayal Agarwal HUF, Saurav Agarwal HUF, 2 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Saurav Agarwal HUF, Prabhu Dayal Agarwal HUF, 2 individuals Seller: Sulochana Mansi & Prabhu Dayal Agarwal & Saurav Agarwal & P D Agarwal HUF & Vinti Agarwal, Prabhu Dayal Agarwal & P D Agarwal HUF & Sulochana Agarwal & Saurav Agarwal, Prabhu Dayal Agarwal & Prabhu Dayal Agarwal HUF & Saurav Agarwal & Saurav Agarwal HUF |
| Dec 2022 | Secondary share transfer | Undisclosed | Seller: Prabhu Dayal Agarwal HUF, 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Sulochana Mansi & Prabhu Dayal Agarwal & Saurav Agarwal & P D Agarwal HUF & Vinti Agarwal, Prabhu Dayal Agarwal & Prabhu Dayal Agarwal HUF & Saurav Agarwal & Saurav Agarwal HUF, Prabhu Dayal Agarwal & P D Agarwal HUF & Sulochana Agarwal & Saurav Agarwal Seller: 2 individuals |
| May 2006 | Acquisition | ₹98.74 Cr | Buyer: Wipro Consumer Care Private Limited Seller: North West Switch Gear Ltd. |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Norisys Technology Private Limited has 9 court cases on record: 4 filed by Norisys Technology, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 4 | 3 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Appeal | Filed against the company by M/S Applied Electricals | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed against the company by M/S Applied Electricals | Disposed |
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed by the company against The Corridor Management Unit Mathura and 2 others | Disposed |
| District court, Kannur, Kerala | Civil suit | Filed against the company by an individual | Disposed |
: available in 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.
Employees and EPFO Compliance
Norisys Technology Private Limited has a workforce of 542 employees as of Mar 30, 2024.
: available in the company report
Recent Activity
Norisys Technology Private Limited has 7 board changes on record since 1987: 3 appointments and 4 cessations. The latest: Prakash Chandra Kejriwal ceased to be Whole-Time Director on 21 Jan 2023.
57 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Norisys Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACN2855K1ZD | Haryana | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Norisys Technology 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 09 January 1987 (39+ years old) and is registered under CIN U31101DL1987PTC026630.
Norisys Technology has 3 current directors:
- Prabhu Dayal Agarwal - Managing Director
- Saurav Agarwal - Whole-Time Director
- Alok Kumar Mittal - Director
The latest financial statements of Norisys Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Norisys Technology is 06AAACN2855K1ZD, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Norisys Technology is U31101DL1987PTC026630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Norisys Technology has 9 court cases on record: 4 filed by the company and 5 filed against it. Most are in the district courts.
Norisys Technology was incorporated on 09 January 1987, making it 39+ years old. It is registered with the Registrar of Companies, Delhi.
Norisys Technology has 7 deals on record (6 secondary share transfers, 1 acquisition); the latest was in June 2024.
The peers of Norisys Technology by revenue are Riello Power India Private Limited, Southern Batteries Private Limited, Advance Panels and Switchgears Private Limited, Fybros Moddular Private Limited, Raksan Transformers Limited and 2 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).
Prakash Chandra Kejriwal ceased to be Whole-Time Director on 21 Jan 2023. Shyam Sundar Kandoi ceased to be Director on 24 Dec 2021. Alok Kumar Mittal ceased to be Director on 30 Sep 2021. Norisys Technology has 7 board changes on record in total.
Norisys Technology can be reached through the website norisys.com. Its registered office is in New Delhi, Delhi, India.