MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0018006
Popular Switchgears Private Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹258.2 Cr
▲ 41% YoY
Net profit · FY 2025
₹20.08 Cr
Net margin 7.8%
EBITDA · FY 2025
₹32.73 Cr
EBITDA margin 12.7%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹19.11 Lakh
Issued & subscribed
Open charges
₹93.34 Cr
Satisfied ₹20.06 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
223
Provident fund records
About Popular Switchgears Private Limited
Data last updated:
Popular Switchgears Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 21 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH1984PTC033209. Its GSTIN is 27AABCP6540N1Z2 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹19.11 Lakh. It is led by directors including Mahesh Chimanlal Kadakia (Managing Director) and Amar Mahesh Kadakia.
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 712 Arun Chambers Tardeo Main Road, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2025, the company reported a revenue of ₹258.2 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹20.08 Cr (net margin 7.8%) and EBITDA of ₹32.73 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 27% over five years.
The company has about 223 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Popular Switchgears. As per MCA filings, the company has open charges of ₹93.34 Cr and satisfied charges of ₹20.06 Cr on record. Court records list 20 cases involving the company, including 14 filed by the company and 6 filed against it; 4 cases are pending.
Popular Switchgears Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0018006). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website popularswitchgears.co.in.
Company details
CIN U31200MH1984PTC033209
Registration Number 033209
Incorporation Date 21 June 1984
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 Medium
Udyam Registration UDYAM-MH-19-0018006
Key People
Mahesh Chimanlal Kadakia Managing Director Amar Mahesh Kadakia Director Vaishali Amar Kadakia Director Recognitions & Rankings of Popular Switchgears
Contact details
Popular Switchgears Private Limited's registered office is in Mumbai, Maharashtra. Its website is popularswitchgears.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address712 Arun Chambers Tardeo Main Road, Mumbai, Maharashtra, India – 400034
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Popular Switchgears Private Limited, buy the company report.
Comprehensive company report
Popular 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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Brands
Popular Switchgears operates one associated brand: Popular Switchgears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of custom-built electrical panels and switchgears in India. | popularswitchgears.co.in |
Business activity
The main business activity of Popular 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 Popular Switchgears Private Limited, buy the company report.
Financials of Popular Switchgears Private Limited
FY 2025 filings availablePopular Switchgears Private Limited reported revenue of ₹258.2 Cr (up 41% YoY) for FY 2025.
Revenue · FY 2025
₹258.2 Cr ▲ 41%
Net profit · FY 2025
₹20.08 Cr margin 7.8%
EBITDA · FY 2025
₹32.73 Cr margin 12.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 28%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 40%
5 years · compounded
▲ 47%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 41% growth in the latest year. EBITDA rose 53% 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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| Total Expenses | |||||
| EBITDA | ₹32.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.08 Cr | ||||
| Balance Sheet | |||||
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| 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 | 12.7% | ||||
| Net Profit Margin | 7.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Popular Switchgears Private Limited, buy the company report.
Board of directors of Popular Switchgears Private Limited
Popular Switchgears has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Mahesh Kadakia | Director | 02 Jan 1995 | 31 Years 9 Months | Current |
| Vaishali Amar Kadakia | Director | 07 Feb 1998 | 28 Years 8 Months | Current |
| Mahesh Chimanlal Kadakia | Managing Director | 21 Jun 1984 | 42 Years 4 Months | Current |
Peer comparison
Popular Switchgears Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Control Techniques India Private Limited | ₹259.5 Cr (FY 2024) | 32.0% | Nelamangala, Karnataka, India | |||
| Telawne Power Equipments Private Limited | ₹258.96 Cr (FY 2025) | 47.0% | Navi Mumbai, Maharashtra, India | |||
| Socomec India Private Limited | ₹258.23 Cr (FY 2025) | 25.0% | Gurgaon, Haryana, India | |||
| Popular Switchgears Private Limitedthis company | ₹258.2 Cr (FY 2025) | ₹20.08 Cr | 7.8% | 41.0% | 223 | Mumbai, Maharashtra, India |
| Mehru Electrical and Mechanical Engineers Private Limited | ₹255.66 Cr (FY 2025) | 16.0% | Alwar, Rajasthan, India | |||
| High Volt Electricals Private Limited | ₹252.31 Cr (FY 2025) | -12.0% | Thane, Maharashtra, India | |||
| Borgwarner Emissions Talegaon Private Limited | ₹251.47 Cr (FY 2025) | 639.0% | Pune, Maharashtra, India | |||
| Sri Savitr Solar Private Limited | ₹248.06 Cr (FY 2025) | 112.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Popular Switchgears Private Limited, buy the company report.
Auditor
Popular Switchgears Private Limited is audited by KOTIA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOTIA & COMPANY | FY 2023 | 105344W |
Shareholding
The shareholding of Popular 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Popular Switchgears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹93.34 Cr
Satisfied charges
₹20.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2024 | 100956905 | Others | ₹17 Cr | Open | |
| 12 Jul 2021 | 100478421 | Others | ₹30 Cr | Open | |
| 17 Jun 2019 | 100276428 | Others | ₹80 Lakh | Open | |
| 07 Oct 2015 | 10600453 | Others | ₹17 Cr | Open | |
| 07 Sep 2010 | 10238692 | Axis Bank Limited | ₹20 Cr | Open |
To see the full charge records of Popular Switchgears Private Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Popular Switchgears Private Limited has 20 court cases on record: 14 filed by Popular Switchgears, 6 filed against it. 4 cases are pending and 16 are disposed.
Total cases
20
Filed by the company
14
Filed against the company
6
Pending
4
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 6 | 3 |
| High courts | 7 | 0 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S Rki India Ltd and 5 Ors. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against M/S. Leena Powertech Engineers Pvt. Ltd. and 4 Ors. and 4 others | Disposed |
| High Court, GUJARAT | Arbitration matter | Filed by the company against Haryana Vidyut Prasaran Nigam Ltd and Ors and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against M/S. BGR Energy Systems Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Leena Powertech Engineers Pvt. Ltd. and 4 others | Disposed |
To see the full case history of Popular 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
Popular Switchgears Private Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 945 overdue payments to 92 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 92)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Elmex Controls Pvt Ltd | |||
| Shirke Electro Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Deepl Electricals Private Limited. |
To see the full MSME payment records of Popular Switchgears Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Popular Switchgears Private Limited has a workforce of 223 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
Employee count
223
Active EPFO establishments
2
Employee growth
4.21%
GST
Popular Switchgears has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP6540N1Z2 | Maharashtra | Active | 01 Jul 2017 |
| 24AABCP6540N1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Popular Switchgears Private Limited, buy the company report.
Recent activity
Popular Switchgears Private Limited has 3 board changes on record since 1984: 3 appointments. The latest: Vaishali Amar Kadakia was appointed as Director on 07 Feb 1998.
Charges
A charge with Others of Rs. 3,000.00 Lakh registered on 12 Jul 2021 with Charge ID 100478421 was modified on 15 Oct 2025.
AGM
Popular Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Popular Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1,700.00 Lakh with Charge ID 100956905 was registered on 26 Jul 2024.
Charges
A charge with Others of Rs. 500.00 Lakh registered on 02 May 1988 with Charge ID 90185323 was modified on 26 Jul 2024.
Charges
A charge with Others of Rs. 1,700.00 Lakh registered on 07 Oct 2015 with Charge ID 10600453 was modified on 12 Jul 2024.
Charges
A charge with Axis Bank Limited of Rs. 2,000.00 Lakh registered on 07 Sep 2010 with Charge ID 10238692 was modified on 25 Apr 2024.
Charges
A charge registered on 17 Jun 2022 via Charge ID 100588437 with Others was fully satisfied on 23 Apr 2024.
Charges
A charge registered on 03 Mar 2022 via Charge ID 100547165 with Others was fully satisfied on 23 Apr 2024.
Charges
A charge with Others of Rs. 80.00 Lakh registered on 17 Jun 2019 with Charge ID 100276428 was modified on 10 Jul 2023.
Charges
A charge registered on 30 Jun 2022 via Charge ID 100588486 with Others was fully satisfied on 02 Mar 2023.
Charges
A charge with Others amounted to Rs. 46.64 Lakh with Charge ID 100588486 was registered on 30 Jun 2022.
54 earlier events are in the company report.
Frequently asked questions
Popular Switchgears is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 21 June 1984 (42+ years old) and is registered under CIN U31200MH1984PTC033209.
Popular Switchgears has 3 current directors:
- Mahesh Chimanlal Kadakia - Managing Director
- Amar Mahesh Kadakia - Director
- Vaishali Amar Kadakia - Director
The latest financial statements of Popular 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 Popular Switchgears is 27AABCP6540N1Z2, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCP6540N1Z8 (Gujarat).
The CIN (Corporate Identification Number) of Popular Switchgears is U31200MH1984PTC033209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Popular Switchgears has 20 court cases on record: 14 filed by the company and 6 filed against it. 4 are pending. Most are in the district courts.
Popular Switchgears was incorporated on 21 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Popular Switchgears by revenue are Control Techniques India Private Limited, Telawne Power Equipments Private Limited, Socomec India Private Limited, Mehru Electrical and Mechanical Engineers Private Limited, High Volt Electricals Private 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).
Vaishali Amar Kadakia was appointed as Director on 07 Feb 1998. Amar Mahesh Kadakia was appointed as Director on 02 Jan 1995. Mahesh Chimanlal Kadakia was appointed as Managing Director on 21 Jun 1984.
Yes, Popular Switchgears is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0018006).
Popular Switchgears has 17 MSME Form 1 returns on record between 2019 and 2024, listing 945 overdue payments to 92 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Popular Switchgears can be reached through the website popularswitchgears.co.in. Its registered office is in Mumbai, Maharashtra, India.