About Nucon Switchgears Pvt Ltd
Data last updated:
Nucon Switchgears Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 05 September 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U31102PB1986PTC006999. Its GSTIN is 03AAACN6127E1ZZ (Punjab). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹86.02 Lakh. It is led by directors including Tarun Kumar (Whole-Time Director) and Munish Kumar (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 D 47 Phase Vfocal Point Ludhaina, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2025, the company reported a revenue of ₹741.52 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹34.52 Cr (net margin 4.7%) and EBITDA of ₹54.07 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 15% over five years.
The company has about 529 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: NUCON. As per MCA filings, the company has open charges of ₹296.74 Cr on record. Court records list 76 cases involving the company, including 53 filed by the company and 23 filed against it; 22 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹1.15 Cr; the latest was in October 2010.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nucon.co.in.
Company details
Contact details
Nucon Switchgears Pvt Ltd's registered office is in Ludhiana, Punjab. Its website is nucon.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD 47 Phase Vfocal Point Ludhaina, Ludhiana, Punjab, India – 141010
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Nucon Switchgears Pvt Ltd, 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
Brands
Nucon Switchgears operates one associated brand: NUCON. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of power and distribution transformers, along with related electrical equipment in India. | nucon.co.in |
Business activity
The main business activity of Nucon Switchgears is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of Nucon Switchgears Pvt Ltd, buy the company report.
Financials of Nucon Switchgears Pvt Ltd
FY 2025 filings availableNucon Switchgears Pvt Ltd reported revenue of ₹741.52 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 23% growth in the latest year. EBITDA rose 54% 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 | ₹741.52 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹54.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.52 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 7.3% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Nucon Switchgears Pvt Ltd, buy the company report.
Board of directors of Nucon Switchgears Pvt Ltd
Nucon Switchgears has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harminder Paul Also directs: Nucon Power Controls Pvt Ltd, Flex Exim Private Limited | Additional Director | 10 Mar 2026 | 0 Years 8 Months | Current |
| Tarun Kumar Also directs: Nucon Power Controls Pvt Ltd, Flex Exim Private Limited | Whole-Time Director | 25 May 2019 | 7 Years 5 Months | Current |
| Munish Kumar Also directs: Nucon Power Controls Pvt Ltd, Flex Exim Private Limited | Whole-Time Director | 11 Jun 2018 | 8 Years 5 Months | Current |
Auditor
Nucon Switchgears Pvt Ltd is audited by DASS KHANNA & CO. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DASS KHANNA & CO. | FY 2025 | 000402N |
Shareholding
The shareholding of Nucon Switchgears Pvt Ltd is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nucon Switchgears Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2001 | 90344846 | State Bank of India | ₹247.12 Cr | Open | |
| 24 Oct 2001 | 80031563 | State Bank of India | ₹49.62 Cr | Open |
To see the full charge records of Nucon Switchgears Pvt Ltd, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Nucon Switchgears Pvt Ltd has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹1.15 Cr; the latest was in October 2010.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Harminder Paul & Sons Huf, 2 individuals |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Harminder Paul & Sons Huf, 3 individuals |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Harminder Paul & Sons Huf, 2 individuals Seller: 4 individuals |
| Oct 2007 | Funding round | ₹1.15 Cr | Investors: Harminder Paul & Sons Huf |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nucon Switchgears Pvt Ltd has 76 court cases on record: 53 filed by Nucon Switchgears, 23 filed against it. 22 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 15 | 19 |
| High courts | 31 | 7 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patiala, Punjab | Arbitration matter | Filed against the company by Punjab State Power Corporation Ltd Pspcl | Pending |
| District court, Patiala, Punjab | Civil miscellaneous application | Filed against the company by Punjab State Power Corporation Ltd Pspcl | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed against the company by Punjab State Power Corporation Ltd | Pending |
| District court, Patiala, Punjab | Execution petition | Filed by the company against Punjab State Power Corporation Ltd Pspcl | Pending |
| District court, Patiala, Punjab | Civil miscellaneous application | Filed by the company against Punjab State Power Corporation Ltd Pspcl | Pending |
To see the full case history of Nucon Switchgears Pvt Ltd, 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.
Credit ratings & regulatory alerts
Nucon Switchgears Pvt Ltd was last rated by Crisil on 29 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Dec 2020 |
To see the full credit ratings and regulatory alerts of Nucon Switchgears Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nucon Switchgears Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nucon Switchgears has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Flex Exim Pvt Ltd | U51900PB1999PTC038024 |
To see the full group structure of Nucon Switchgears Pvt Ltd, buy the company report.
Employees & EPFO
Nucon Switchgears Pvt Ltd has a workforce of 529 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 529 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Nucon Switchgears Pvt Ltd, buy the company report.
GST
Nucon Switchgears has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACN6127E1ZZ | Punjab | Active | 01 Jul 2017 |
| 08AAACN6127E1ZP | Rajasthan | Active | 01 Jul 2017 |
| 24AAACN6127E1ZV | Gujarat | Active | 23 Feb 2019 |
| 06AAACN6127E1ZT | Haryana | Active | 25 Apr 2025 |
To see the full GST registrations and return filing status of Nucon Switchgears Pvt Ltd, buy the company report.
Recent activity
Nucon Switchgears Pvt Ltd has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Harminder Paul was appointed as Additional Director on 10 Mar 2026.
Frequently asked questions
Nucon Switchgears is an active private limited company based in Ludhiana, Punjab, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 05 September 1986 (40+ years old) and is registered under CIN U31102PB1986PTC006999.
Nucon Switchgears has 3 current directors:
- Tarun Kumar - Whole-Time Director
- Munish Kumar - Whole-Time Director
- Harminder Paul - Additional Director
The latest financial statements of Nucon 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 Nucon Switchgears is 03AAACN6127E1ZZ, registered in Punjab. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 08AAACN6127E1ZP (Rajasthan), 24AAACN6127E1ZV (Gujarat), 06AAACN6127E1ZT (Haryana).
The CIN (Corporate Identification Number) of Nucon Switchgears is U31102PB1986PTC006999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nucon Switchgears has 76 court cases on record: 53 filed by the company and 23 filed against it. 22 are pending. Most are in the district courts.
Nucon Switchgears was incorporated on 05 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Chandigarh.
Nucon Switchgears has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹1.15 Cr; the latest was in October 2010.
Harminder Paul was appointed as Additional Director on 10 Mar 2026. Tarun Kumar was appointed as Whole-Time Director on 25 May 2019. Veena Rani ceased to be Director on 14 Aug 2018. Nucon Switchgears has 4 board changes on record in total.
Nucon Switchgears can be reached through the website nucon.co.in. Its registered office is in Ludhiana, Punjab, India.
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