MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-23-0017390
Ovac Switchgear Services Private Limited - consumer electronics & durables in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.04 Cr
▼ 37% YoY
Net loss · FY 2024
₹39.23 Lakh
Net margin -19.2%
EBITDA · FY 2024
-₹17.16 Lakh
EBITDA margin -8.4%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹19.93 Lakh
Issued & subscribed
Open charges
₹3.95 Cr
Satisfied ₹3.66 Cr
Company age
31 yrs
Est. 1995
Directors on board
2
As per MCA filings
About Ovac Switchgear Services Private Limited
Data last updated:
Ovac Switchgear Services Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 06 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH1995PTC092417. Its GSTIN is 27AAACO2640K1ZH (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19.93 Lakh. It is led by directors Manoj Suresh Nirokhekar and Mangesh Vijay Apshankar.
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 Nashik, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.04 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹39.23 Lakh (net margin -19.2%) and EBITDA of -₹17.16 Lakh (EBITDA margin -8.4%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹3.95 Cr and satisfied charges of ₹3.66 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Ovac Switchgear Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0017390). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ovacswitchgear.com.
Company Details of Ovac Switchgear Services Private Limited
CIN U31200MH1995PTC092417
Registration Number 092417
Incorporation Date 06 September 1995
ROC Mumbai
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 Micro
Udyam Registration UDYAM-MH-23-0017390
Recognitions & Rankings of Ovac Switchgear Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No. 115 1st Floor Plot No. 23 & 24 Gangamai Industrial Complex MIDC Satpu, R, Nashik, Maharashtra, India – 422007
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
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Business Activity of Ovac Switchgear Services Private Limited
The main business activity of Ovac Switchgear Services is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Ovac Switchgear Services Private Limited FY 2025 filings available
Ovac Switchgear Services Private Limited reported revenue of ₹2.04 Cr (down 37% YoY) for FY 2024.
Revenue · FY 2024
₹2.04 Cr ▼ 37%
Net loss · FY 2024
₹39.23 Lakh margin -19.2%
EBITDA · FY 2024
-₹17.16 Lakh margin -8.4%
Compounded Annual Growth Rate (CAGR) of Ovac Switchgear Services Private Limited
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 22%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 39%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 37% fall in the latest year. EBITDA fell 18% 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 of Ovac Switchgear Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹17.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹39.23 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 of Ovac Switchgear Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -19.2% | •••• | •••• | •••• | •••• |
| 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 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 Ovac Switchgear Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Ovac Switchgear Services Private Limited
Ovac Switchgear Services has 2 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 |
|---|---|---|---|---|
| Manoj Suresh Nirokhekar | Director | 01 Jan 2004 | 22 Years 9 Months | Current |
| Mangesh Vijay Apshankar | Director | 01 May 2001 | 25 Years 5 Months | Current |
Peer Comparison of Ovac Switchgear Services Private Limited
Ovac Switchgear Services Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gopsun Dealtrade Private Limited | ₹2.05 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Phulbagan, West Bengal, India |
| Groneed Automation Private Limited | ₹2.05 Cr (FY 2024) | •••• | •••• | 293.0% | •••• | Hazaribagh, Jharkhand, India |
| Bansal Tele Shop Private Limited | ₹2.05 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Punjab, India |
| JD Stage Lights & Sounds Private Limited | ₹2.04 Cr (FY 2023) | •••• | •••• | 87.0% | •••• | Kolkata, West Bengal, India |
| Frogxo Exim Private Limited | ₹2.04 Cr (FY 2025) | •••• | •••• | -94.0% | •••• | Ludhiana, Punjab, India |
| Ovac Switchgear Services Private Limited this company | ₹2.04 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Nashik, Maharashtra, India |
| MVP Enterprises Private Limited | ₹2.04 Cr (FY 2025) | •••• | •••• | 95.0% | •••• | Delhi, India |
| Iasuor Ets Private Limited | ₹2.04 Cr (FY 2024) | •••• | •••• | -77.0% | •••• | Baraut, Uttar Pradesh, India |
| Mpower Green Energy Private Limited | ₹2.04 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Jaipur, Rajasthan, India |
| Aerglo Lighting Private Limited | ₹2.04 Cr (FY 2025) | •••• | •••• | -64.0% | •••• | Delhi, India |
| Mega Overseas Pvt Ltd | ₹2.03 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ovac Switchgear Services by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ovac Switchgear Services Private Limited
Ovac Switchgear Services Private Limited is audited by MILIND MODAK & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MILIND MODAK & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Ovac Switchgear Services Private Limited
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Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Ovac Switchgear Services Private Limited
Open charges
₹3.95 Cr
Satisfied charges
₹3.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Feb 2019 | Hdfc Bank Limited | ₹3.88 Cr | Open |
| 13 Jan 2018 | Others | ₹6.45 Lakh | Open |
| 14 Dec 2016 | Others | ₹64 Lakh | Satisfied |
| 11 Oct 2001 | State Bank of India | ₹2.75 Cr | Satisfied |
| 16 Oct 1998 | The Janalaxmi Co-Op. Bank Ltd. | ₹6 Lakh | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Ovac Switchgear Services Private Limited
Ovac Switchgear Services Private Limited has 2 court cases on record: 1 filed by Ovac Switchgear Services, 1 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Commercial suit | Filed by the company against SCT Limited. | Disposed |
| Bombay High Court | Writ petition | Filed against the company by SCT Ltd | Disposed |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 at Ovac Switchgear Services Private Limited
Employment history and EPFO contributions of people linked to Ovac Switchgear Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Ovac Switchgear Services Private Limited
Ovac Switchgear Services Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Anil Ganesh Teranikar ceased to be Director on 30 Aug 2008.
AGM
Ovac Switchgear Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ovac Switchgear Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 388.19 Lakh registered on 02 Feb 2019 with Charge ID 100246477 was modified on 19 May 2023.
Charges
A charge registered on 14 Dec 2016 via Charge ID 100119361 with Others was fully satisfied on 16 Apr 2019.
Charges
A charge registered on 11 Oct 2001 via Charge ID 90159064 with State Bank Of India was fully satisfied on 30 Mar 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 388.19 Lakh with Charge ID 100246477 was registered on 02 Feb 2019.
Charges
A charge with Others amounted to Rs. 6.45 Lakh with Charge ID 100175306 was registered on 13 Jan 2018.
Charges
A charge with State Bank Of India of Rs. 275.00 Lakh registered on 11 Oct 2001 with Charge ID 90159064 was modified on 31 Mar 2017.
Charges
A charge with Others amounted to Rs. 64.00 Lakh with Charge ID 100119361 was registered on 14 Dec 2016.
Charges
A charge registered on 16 Oct 1998 via Charge ID 90156996 with The Janalaxmi Co-Op. Bank Ltd. was fully satisfied on 11 Dec 2015.
Ceased
Anil Ganesh Teranikar ceased to be Director.
Ceased
Kaumudee Anil Teranikar ceased to be Director.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ovac Switchgear Services Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Ovac Switchgear Services Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Ovac Switchgear Services Private Limited
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GST Compliance of Ovac Switchgear Services Private Limited
Ovac Switchgear Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO2640K1ZH | Maharashtra | Active | 01 Jul 2017 |
| 29AAACO2640K1ZD | Karnataka | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Ovac Switchgear Services Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Ovac Switchgear Services Private Limited
Ovac Switchgear Services is an active private limited company based in Nashik, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 06 September 1995 (31+ years old) and is registered under CIN U31200MH1995PTC092417.
Ovac Switchgear Services reported revenue of ₹2.04 Cr for FY 2024 (down 37% YoY).
Ovac Switchgear Services has 2 current directors:
- Manoj Suresh Nirokhekar - Director
- Mangesh Vijay Apshankar - Director
Ovac Switchgear Services reported a net loss of ₹39.23 Lakh (net margin -19.2%) and EBITDA of -₹17.16 Lakh (EBITDA margin -8.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ovac Switchgear Services is -22% over three years and -19% over five years. In the latest year (FY 2024) revenue fell 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ovac Switchgear Services is 27AAACO2640K1ZH, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACO2640K1ZD (Karnataka).
The CIN (Corporate Identification Number) of Ovac Switchgear Services is U31200MH1995PTC092417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ovac Switchgear Services has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Ovac Switchgear Services was incorporated on 06 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ovac Switchgear Services by revenue are Gopsun Dealtrade Private Limited, Groneed Automation Private Limited, Bansal Tele Shop Private Limited, JD Stage Lights & Sounds Private Limited, Frogxo Exim Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Anil Ganesh Teranikar ceased to be Director on 30 Aug 2008. Kaumudee Anil Teranikar ceased to be Director on 30 Aug 2008. Manoj Suresh Nirokhekar was appointed as Director on 01 Jan 2004. Ovac Switchgear Services has 4 board changes on record in total.