About Schindler India Private Limited
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Schindler India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Schindler Holding Ltd.. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 26 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29150MH1997PTC112690. Its GSTIN is 27AAECS1548J1Z6 (Maharashtra). The company holds 34 GST registrations, of which 29 are active.
The company has an authorised share capital of ₹127.5 Cr and a paid-up capital of ₹121.79 Cr. It is led by directors including Tarunesh Mathur (Managing Director) and Nitin Shridhar Chalke.
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 Schindler House Main Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,293.55 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹144.72 Cr (net margin 4.4%) and EBITDA of ₹302.14 Cr (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The company has about 7,438 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Schindler. As per MCA filings, the company has open charges of ₹13.5 Cr on record. Court records list 407 cases involving the company, including 280 filed by the company and 127 filed against it; 67 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹65 Cr; the latest was in September 2018. Its 6 peer companies in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 4 smaller; the largest is Action Construction Equipment Limited with revenue of ₹3,427.37 Cr. The company has 14 MSME Form 1 returns on record between 2018 and 2024, listing 1,138 overdue payments to 119 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website schindler.com.
Company details
Contact details
Schindler India Private Limited's registered office is in Mumbai, Maharashtra. Its website is schindler.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSchindler House Main Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Schindler India Private 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
Brands
Schindler India operates one associated brand: Schindler. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator maintenance and repair services are provided worldwide. | schindler.com |
Business activity
The main business activity of Schindler India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| 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 | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Schindler India Private Limited, buy the company report.
Financials of Schindler India Private Limited
FY 2025 filings availableSchindler India Private Limited reported revenue of ₹3,293.55 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 9% growth in the latest year. EBITDA rose 96% 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 | ₹302.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹144.72 Cr | ||||
| Balance Sheet | |||||
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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 | 9.2% | ||||
| Net Profit Margin | 4.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Schindler India Private Limited, buy the company report.
Board of directors of Schindler India Private Limited
Schindler India has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Shridhar Chalke | Director | 01 Jul 2025 | 1 Years 3 Months | Current |
| Vikas Vedprakash Chawla | Additional Director | 07 Feb 2025 | 1 Years 8 Months | Current |
| Tarunesh Mathur | Managing Director | 16 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Schindler India Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment), 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 |
|---|---|---|---|---|---|---|
| Action Construction Equipment Limited | ₹3,427.37 Cr (FY 2025) | 15.0% | Palwal, Haryana, India | |||
| Tkil Industries Private Limited | ₹3,331.51 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Schindler India Private Limitedthis company | ₹3,293.55 Cr (FY 2025) | ₹144.72 Cr | 4.4% | 9.0% | 7,438 | Mumbai, Maharashtra, India |
| Otis Elevator Co (India)Ltd | ₹3,260.69 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Johnson Lifts Private Limited | ₹3,023.84 Cr (FY 2025) | 13.0% | Extension, Chennai-600 101, Tamil Nadu, India | |||
| Kone Elevator India Private Limited | ₹2,770.9 Cr (FY 2023) | Kancheepuram, Tamil Nadu, India | ||||
| Elecon Engineering Company Limited | ₹2,287.01 Cr (FY 2025) | 15.0% | Vallabh Vidyanagar, Gujarat, India |
To see the full peer comparison of Schindler India Private Limited, buy the company report.
Auditor
Schindler India Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Schindler India 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 Schindler India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2019 | 100313210 | Others | ₹3.5 Cr | Open | |
| 24 Mar 2009 | 10155371 | Corporation Bank | ₹10 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Schindler India Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹65 Cr; the latest was in September 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Schindler Aufzuge AG, Schindler Holding Limited Seller: 2 individuals |
| Aug 2011 | Funding round | ₹65 Cr | Investors: Schindler Holding Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Schindler India Private Limited has 407 court cases on record: 280 filed by Schindler India, 127 filed against it. 67 cases are pending and 340 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 200 | 85 | 38 |
| High courts | 200 | 37 | 25 |
| Supreme Court | 7 | 5 | 4 |
Cases on record (5 of 407)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Simplex Infrastructures Limited | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Basant City Centre Malls Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Ceear Realty and Infrastructure Private Limited and 2 others | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against G K Shelters Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Linkson Projects and Infrastructure Pvt. Ltd. and 2 Anr and 2 others | Pending |
To see the full case history of Schindler India 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
Schindler India Private Limited has 14 MSME Form 1 returns on record between 2018 and 2024, listing 1,138 overdue payments to 119 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 119)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Astra Laser Tech Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Schindler India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Schindler India Private Limited has a workforce of 7,438 employees on its EPFO records as of Apr 02, 2024, across 3 active EPFO establishments.
GST
Schindler India has 34 GST registrations: 29 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS1548J1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 02AAECS1548J2ZH | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAECS1548J1ZG | Punjab | Active | 01 Jul 2017 |
| 04AAECS1548J1ZE | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Schindler India Private Limited, buy the company report.
Recent activity
Schindler India Private Limited has 18 board changes on record since 2010: 5 appointments and 13 cessations. The latest: Tarunesh Mathur was appointed as Managing Director on 16 Jul 2025.
11 earlier events are in the company report.
News
Frequently asked questions
Schindler India is an active private limited company based in Mumbai, Maharashtra, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 26 December 1997 (29+ years old) and is registered under CIN U29150MH1997PTC112690.
Schindler India has 3 current directors:
- Tarunesh Mathur - Managing Director
- Nitin Shridhar Chalke - Director
- Vikas Vedprakash Chawla - Additional Director
The latest financial statements of Schindler India 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 Schindler India is 27AAECS1548J1Z6, registered in Maharashtra. The company has 34 GST registrations in all, of which 29 are active and 5 are cancelled or inactive. Other active GSTINs include 02AAECS1548J2ZH (Himachal Pradesh), 03AAECS1548J1ZG (Punjab), 04AAECS1548J1ZE (Chandigarh).
The CIN (Corporate Identification Number) of Schindler India is U29150MH1997PTC112690. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Schindler India has 407 court cases on record: 280 filed by the company and 127 filed against it. 67 are pending. Most are in the district courts.
Schindler India was incorporated on 26 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Schindler India has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹65 Cr; the latest was in September 2018.
The peers of Schindler India by revenue are Action Construction Equipment Limited, Tkil Industries Private Limited, Otis Elevator Co (India)Ltd, Johnson Lifts Private Limited, Kone Elevator India Private Limited and 1 more, all in the Machinery and Equipment industry (Material Handling Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Tarunesh Mathur was appointed as Managing Director on 16 Jul 2025. Nitin Shridhar Chalke was appointed as Director on 01 Jul 2025. Vikas Vedprakash Chawla was appointed as Additional Director on 07 Feb 2025. Schindler India has 18 board changes on record in total.
Schindler India has 14 MSME Form 1 returns on record between 2018 and 2024, listing 1,138 overdue payments to 119 micro and small suppliers. The latest return was filed on 07 May 2024.
Schindler India can be reached through the website schindler.com. Its registered office is in Mumbai, Maharashtra, India.