MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-20-0065127
Panchal Switchgears Private Limited - energy and power in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.5 Cr
▲ 861% YoY
Net profit · FY 2024
₹1.15 Cr
Net margin 10.9%
EBITDA · FY 2024
₹1.71 Cr
EBITDA margin 16.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.89 Cr
Issued & subscribed
Open charges
₹4.74 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
18
Provident fund records
About Panchal Switchgears Private Limited
Data last updated:
Panchal Switchgears Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 05 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U31909MH2021PTC365306. Its GSTIN is 27AAMCP1932D1ZI (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.89 Cr. It is led by directors Vinod Kumar Motibhai Panchal and Kanaiyalal Motibhai Panchal.
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 N – 42 MIDC Hingna Nagpur (Urban), Maharashtra, India – 440016.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.5 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.15 Cr (net margin 10.9%) and EBITDA of ₹1.71 Cr (EBITDA margin 16.2%).
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.74 Cr on record.
Panchal Switchgears Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-20-0065127). For more details, the company can be reached via its website panchalswitchgears.in.
Company details
CIN U31909MH2021PTC365306
Registration Number 365306
Incorporation Date 05 August 2021
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-MH-20-0065127
Recognitions & Rankings of Panchal Switchgears
Contact details
Panchal Switchgears Private Limited's registered office is in Nagpur, Maharashtra. Its website is panchalswitchgears.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN – 42 MIDC Hingna Nagpur (Urban), Maharashtra, India – 440016
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Panchal Switchgears Private Limited, buy the company report.
Comprehensive company report
Panchal Switchgears 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Panchal Switchgears is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Panchal Switchgears Private Limited, buy the company report.
Financials of Panchal Switchgears Private Limited
FY 2025 filings availablePanchal Switchgears Private Limited reported revenue of ₹10.5 Cr (up 861% YoY) for FY 2024.
Revenue · FY 2024
₹10.5 Cr ▲ 861%
Net profit · FY 2024
₹1.15 Cr margin 10.9%
EBITDA · FY 2024
₹1.71 Cr margin 16.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 861%
Revenue rose 861% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹1.71 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.15 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 16.2% | ||
| Net Profit Margin | 10.9% | ||
| 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 | |||
To see the full financial statements and ratios of Panchal Switchgears Private Limited, buy the company report.
Board of directors of Panchal Switchgears Private Limited
Panchal Switchgears has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Motibhai Panchal | Director | 05 Aug 2021 | 5 Years 2 Months | Current |
| Kanaiyalal Motibhai Panchal | Director | 05 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Panchal Switchgears Private Limited is audited by BSVM & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSVM & ASSOCIATES | FY 2023 | 123161W |
Shareholding
The shareholding of Panchal Switchgears Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Panchal Switchgears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.74 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2024 | 101032550 | Others | ₹35.9 Lakh | Open | |
| 27 Dec 2024 | 101032775 | Others | ₹12.99 Lakh | Open | |
| 28 Apr 2022 | 100565922 | Others | ₹4.25 Cr | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Panchal Switchgears Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Panchal Switchgears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panchal Switchgears has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCP1932D1ZI | Maharashtra | Active | 21 Jan 2022 |
To see the full GST registrations and return filing status of Panchal Switchgears Private Limited, buy the company report.
Recent activity
Panchal Switchgears Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Kanaiyalal Motibhai Panchal was appointed as Director on 05 Aug 2021.
AGM
Panchal Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Panchal Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Charges
A charge with Others amounted to Rs. 0.36 Cr with Charge ID 101032550 was registered on 30 Dec 2024.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 101032775 was registered on 27 Dec 2024.
Charges
A charge with Others amounted to Rs. 4.25 Cr with Charge ID 100565922 was registered on 28 Apr 2022.
Appointed
Kanaiyalal Motibhai Panchal was appointed as Director.
Appointed
Vinod Kumar Motibhai Panchal was appointed as Director.
Incorporation
05 Aug 2021
Panchal Switchgears Private Limited was registered on 05 Aug 2021 with Roc Nagpur & aged 5 years 3 months as per MCA records.
Frequently asked questions
Panchal Switchgears is an active private limited company based in Nagpur, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 05 August 2021 (5+ years old) and is registered under CIN U31909MH2021PTC365306.
Panchal Switchgears has 2 current directors:
- Vinod Kumar Motibhai Panchal - Director
- Kanaiyalal Motibhai Panchal - Director
The latest financial statements of Panchal 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 FY 2022 are in the company report.
The GSTIN of Panchal Switchgears is 27AAMCP1932D1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Panchal Switchgears is U31909MH2021PTC365306. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panchal Switchgears was incorporated on 05 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Nagpur.
Kanaiyalal Motibhai Panchal was appointed as Director on 05 Aug 2021. Vinod Kumar Motibhai Panchal was appointed as Director on 05 Aug 2021.
Yes, Panchal Switchgears is registered as an MSME under Udyam registration (number: UDYAM-MH-20-0065127).
Panchal Switchgears can be reached through the website panchalswitchgears.in. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Panchal Switchgears is at N – 42 MIDC Hingna Nagpur Urban, Maharashtra, India – 440016.
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