MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-03-0004116
Safvolt Switchgears Private Limited - energy and power in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.22 Cr
▼ 50% YoY
Net profit · FY 2025
₹50.4 Lakh
Net margin 2.5%
EBITDA · FY 2025
₹1.58 Cr
EBITDA margin 7.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹98 Lakh
Issued & subscribed
Open charges
₹22.95 Cr
Satisfied ₹7.97 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
35
Provident fund records
About Safvolt Switchgears Private Limited
Data last updated:
Safvolt Switchgears Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 15 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U31900TZ2011PTC016759. Its GSTIN is 33AAHCM0555E1ZU (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹98 Lakh. It was formerly known as Max Electric India Private Limited and Max Switchgears Private Limited. It is led by directors Ananthi and Ganapathy Vijayakumar Srisanth.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 7/174 Vellanaipatty Post Kalapatty Via, Coimbatore, Tamil Nadu, India – 641048.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.22 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹50.4 Lakh (net margin 2.5%) and EBITDA of ₹1.58 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹22.95 Cr and satisfied charges of ₹7.97 Cr on record. Court records list 53 cases involving the company, including 15 filed by the company and 38 filed against it; 3 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹96.5 Lakh; the latest was in March 2021. Its 5 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, 2 larger and 3 smaller; the largest is Genesis Enterprises Private Limited with revenue of ₹20.32 Cr.
Safvolt Switchgears Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-03-0004116). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website safvolt.com.
Company details
CIN U31900TZ2011PTC016759
Registration Number 016759
Incorporation Date 15 February 2011
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-03-0004116
Name history
Safvolt Switchgears has undergone 3 name changes throughout its history. The company was previously known as Max Electric India Private Limited, Max Switchgears Private Limited, and Safvolts Switchgears Private Limited. The current legal name is Safvolt Switchgears Private Limited.
| Company Name | Status |
|---|---|
| Safvolt Switchgears Private Limited | Current |
| Max Electric India Private Limited | Previous |
| Max Switchgears Private Limited | Previous |
| Safvolts Switchgears Private Limited | Previous |
Recognitions & Rankings of Safvolt Switchgears
Contact details
Safvolt Switchgears Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is safvolt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7/174 Vellanaipatty Post Kalapatty Via, Coimbatore, Tamil Nadu, India – 641048
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Safvolt Switchgears Private Limited, buy the company report.
Comprehensive company report
Safvolt 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 Safvolt 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 Safvolt Switchgears Private Limited, buy the company report.
Financials of Safvolt Switchgears Private Limited
FY 2024 filings availableSafvolt Switchgears Private Limited reported revenue of ₹20.22 Cr (down 50% YoY) for FY 2025.
Revenue · FY 2025
₹20.22 Cr ▼ 50%
Net profit · FY 2025
₹50.4 Lakh margin 2.5%
EBITDA · FY 2025
₹1.58 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 24%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 1%
5 years · compounded
▲ 3%
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 2% 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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| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.4 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 7.8% | ||||
| Net Profit Margin | 2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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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 Safvolt Switchgears Private Limited, buy the company report.
Board of directors of Safvolt Switchgears Private Limited
Safvolt Switchgears 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 |
|---|---|---|---|---|
| Ananthi Also directs: Safvolt Energy Private Limited | Director | 06 Jan 2016 | 10 Years 9 Months | Current |
| Ganapathy Vijayakumar Srisanth Also directs: Safvolt Energy Private Limited | Additional Director | 03 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Safvolt Switchgears Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Genesis Enterprises Private Limited | ₹20.32 Cr (FY 2024) | 17.0% | Delhi, India | |||
| Formura Offshore Services Private Limited | ₹20.29 Cr (FY 2025) | 1.0% | Petlad, Gujarat, India | |||
| Safvolt Switchgears Private Limitedthis company | ₹20.22 Cr (FY 2025) | ₹50.4 Lakh | 2.5% | -50.0% | 35 | Coimbatore, Tamil Nadu, India |
| Nexion Automation Private Limited | ₹20.2 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Anand Transformers Private Limited | ₹20.19 Cr (FY 2024) | -4.0% | Uttar Pradesh, India | |||
| Lawson Lucy India Private Limited | ₹20.17 Cr (FY 2025) | 5.0% | Halol, Gujarat, India |
To see the full peer comparison of Safvolt Switchgears Private Limited, buy the company report.
Auditor
Safvolt Switchgears Private Limited is audited by S VELUSAMY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S VELUSAMY | FY 2023 | 208787 |
Shareholding
The shareholding of Safvolt 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Safvolt Switchgears Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.95 Cr
Satisfied charges
₹7.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2024 | 100903675 | Canara Bank | ₹10.56 Cr | Open | |
| 28 Dec 2023 | 100852567 | Canara Bank | ₹5.25 Cr | Open | |
| 24 Jul 2023 | 100789253 | City Union Bank Limited | ₹7.45 Lakh | Open | |
| 06 Jan 2023 | 100667524 | Axis Bank Limited | ₹75 Lakh | Open | |
| 30 Jul 2021 | 100473993 | Axis Bank Limited | ₹6.32 Cr | Open |
To see the full charge records of Safvolt Switchgears Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Safvolt Switchgears Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹96.5 Lakh; the latest was in March 2021.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹96.5 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹96.5 Lakh | Investors: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Safvolt Switchgears Private Limited has 53 court cases on record: 15 filed by Safvolt Switchgears, 38 filed against it. 3 cases are pending and 50 are disposed.
Total cases
53
Filed by the company
15
Filed against the company
38
Pending
3
Disposed
50
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 48 | 33 | 2 |
| District courts | 5 | 5 | 1 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Transfix India Private Limited Thourgh Its Authorized Representative | Pending |
| Madras High Court | Writ petition | Filed against the company by M/S. Ferromax Foundries India Private Limited, | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company by M/S. Ferromax Foundries India Private Limited, | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Transfix India Pvt Ltd Throuhg Ashok Dinkar Ghargine | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Mex Switchgears Pvt Ltd | Disposed |
To see the full case history of Safvolt 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
No delayed payments to MSME suppliers are on our record for Safvolt Switchgears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Safvolt Switchgears Private Limited has a workforce of 35 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
35
Active EPFO establishments
1
Employee growth
2.94%
GST
Safvolt Switchgears has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCM0555E1ZU | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Safvolt Switchgears Private Limited, buy the company report.
Recent activity
Safvolt Switchgears Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Ganapathy Vijayakumar Srisanth was appointed as Additional Director on 03 Jan 2025.
Charges
A charge with Canara Bank of Rs. 10.56 Cr registered on 16 Apr 2024 with Charge ID 100903675 was modified on 14 Aug 2025.
Charges
A charge registered on 20 Mar 2024 via Charge ID 100886317 with Sidbi was fully satisfied on 08 Apr 2025.
Appointed
Ganapathy Vijayakumar Srisanth was appointed as Additional Director.
AGM
Safvolt Switchgears Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 10.56 Cr with Charge ID 100903675 was registered on 16 Apr 2024.
Filing
Safvolt Switchgears Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Sidbi amounted to Rs. 0.56 Cr with Charge ID 100886317 was registered on 20 Mar 2024.
Charges
A charge with Canara Bank amounted to Rs. 5.25 Cr with Charge ID 100852567 was registered on 28 Dec 2023.
Charges
A charge with City Union Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100789253 was registered on 24 Jul 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100667524 was registered on 06 Jan 2023.
Charges
A charge registered on 20 Dec 2013 via Charge ID 10476586 with City Union Bank Limited was fully satisfied on 22 Mar 2022.
Charges
A charge registered on 13 Mar 2013 via Charge ID 10421943 with City Union Bank Limited was fully satisfied on 22 Mar 2022.
8 earlier events are in the company report.
Frequently asked questions
Safvolt Switchgears is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 15 February 2011 (15+ years old) and is registered under CIN U31900TZ2011PTC016759.
Safvolt Switchgears has 2 current directors:
- Ananthi - Director
- Ganapathy Vijayakumar Srisanth - Additional Director
The latest financial statements of Safvolt Switchgears on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Safvolt Switchgears is 33AAHCM0555E1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Safvolt Switchgears is U31900TZ2011PTC016759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safvolt Switchgears has 53 court cases on record: 15 filed by the company and 38 filed against it. 3 are pending. Most are in the high courts.
Safvolt Switchgears was incorporated on 15 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Coimbatore.
Safvolt Switchgears has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹96.5 Lakh; the latest was in March 2021.
The peers of Safvolt Switchgears by revenue are Genesis Enterprises Private Limited, Formura Offshore Services Private Limited, Nexion Automation Private Limited, Anand Transformers Private Limited, Lawson Lucy India Private Limited, 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).
Ganapathy Vijayakumar Srisanth was appointed as Additional Director on 03 Jan 2025. Ananthi was appointed as Director on 06 Jan 2016. Muthusamy Ganapathyappan ceased to be Director on 06 Jan 2016. Safvolt Switchgears has 4 board changes on record in total.
Yes, Safvolt Switchgears is registered as a small enterprise under Udyam registration (number: UDYAM-TN-03-0004116).