About Sagar Switch Gears Limited
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Sagar Switch Gears Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 17 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31200GJ2009PLC057812. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹60 Lakh. It is led by directors including Kiran Patel Mohanlal and Nipa Kiran Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 2 Ndfloor Citypointopp.Partapcinema, Vadodara, Gujarat, India – 390001.
As per the financials filed for FY 2023, the company reported a revenue of ₹55.01 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹29.93 Lakh (net margin -54.4%) and EBITDA of -₹8.97 Lakh (EBITDA margin -16.3%). Revenue has grown at a compounded annual rate (CAGR) of 45% over five years.
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ssgl.in.
Company details
Contact details
Sagar Switch Gears Limited's registered office is in Vadodara, Gujarat. Its website is ssgl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2 Ndfloor Citypointopp.Partapcinema, Vadodara, Gujarat, India – 390001
- IndustryManufacturing, Cable & Wire
To see the full contact details of Sagar Switch Gears Limited, 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
Business activity
The main business activity of Sagar Switch Gears 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 Sagar Switch Gears Limited, buy the company report.
Financials of Sagar Switch Gears Limited
FY 2023 filings availableSagar Switch Gears Limited reported revenue of ₹55.01 Lakh (up 1082% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years. EBITDA fell 72% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹8.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹29.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.3% | ||||
| Net Profit Margin | -54.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sagar Switch Gears Limited, buy the company report.
Board of directors of Sagar Switch Gears Limited
Sagar Switch Gears has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Patel Mohanlal Also directs: Tapan Marketing C0nsultancy Limited, Sagar Machinery Ltd | Director | 17 Aug 2009 | 17 Years 2 Months | Current |
| Nipa Kiran Patel Also directs: Tapan Marketing C0nsultancy Limited, Sagar Machinery Ltd | Director | 17 Aug 2009 | 17 Years 2 Months | Current |
| Sagar Kiranbhai Patel Also directs: Tapan Marketing C0nsultancy Limited, Sagar Machinery Ltd | Additional Director | 31 Dec 2014 | 11 Years 10 Months | Current |
| Tapan Kiranbhai Patel Also directs: Tapan Marketing C0nsultancy Limited, Sagar Machinery Ltd | Additional Director | 31 Dec 2014 | 11 Years 10 Months | Current |
Peer comparison
Sagar Switch Gears Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), 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 |
|---|---|---|---|---|---|---|
| Appar Power Cables Private Limited | ₹56.38 Lakh (FY 2025) | -62.0% | Jaipur, Rajasthan, India | |||
| Sagar Switch Gears Limitedthis company | ₹55.01 Lakh (FY 2023) | -₹29.93 Lakh | -54.4% | 1082.0% | Vadodara, Gujarat, India | |
| Yash Power Cables Private Limited | ₹53.35 Lakh (FY 2024) | 136.0% | Jaipur, Rajasthan, India | |||
| Torque Cables Private Limited | ₹52.25 Lakh (FY 2023) | -56.0% | Delhi, India |
To see the full peer comparison of Sagar Switch Gears Limited, buy the company report.
Auditor
Sagar Switch Gears Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHI SEKHRI AND ASSOCIATES | FY 2019 | 128216W |
Shareholding
The shareholding of Sagar Switch Gears Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sagar Switch Gears Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Aug 2015 | 10587068 | Bank of Baroda | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Sagar Switch Gears Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by The Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of Sagar Switch Gears 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 Sagar Switch Gears Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sagar Switch Gears has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sagar Switch Gears Limited, buy the company report.
Recent activity
Sagar Switch Gears Limited has 5 board changes on record since 2009: 4 appointments and 1 cessation. The latest: Jagdish Mohanbhai Patel ceased to be Director on 10 Jan 2015.
Frequently asked questions
Sagar Switch Gears is an active public limited company based in Vadodara, Gujarat, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 17 August 2009 (17+ years old) and is registered under CIN U31200GJ2009PLC057812.
Sagar Switch Gears has 4 current directors:
- Kiran Patel Mohanlal - Director
- Nipa Kiran Patel - Director
- Sagar Kiranbhai Patel - Additional Director
- Tapan Kiranbhai Patel - Additional Director
The latest financial statements of Sagar Switch Gears on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Sagar Switch Gears has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sagar Switch Gears is U31200GJ2009PLC057812. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sagar Switch Gears has 2 court cases on record: 2 filed against it.
Sagar Switch Gears was incorporated on 17 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sagar Switch Gears by revenue are Appar Power Cables Private Limited, Yash Power Cables Private Limited, Torque Cables Private Limited, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Jagdish Mohanbhai Patel ceased to be Director on 10 Jan 2015. Sagar Kiranbhai Patel was appointed as Additional Director on 31 Dec 2014. Tapan Kiranbhai Patel was appointed as Additional Director on 31 Dec 2014. Sagar Switch Gears has 5 board changes on record in total.
Sagar Switch Gears can be reached through the website ssgl.in. Its registered office is in Vadodara, Gujarat, India.
The registered office of Sagar Switch Gears is at 2 Ndfloor Citypointopp.Partapcinema, Vadodara, Gujarat, India – 390001.
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