About Schindler India Private Limited
Data last updated:
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 403 cases involving the company, including 278 filed by the company and 105 filed against it; 66 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 7 peer companies in the Machinery and Equipment industry (Material Handling Equipment) are compared by revenue, 2 larger and 5 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSchindler House Main Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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
- One PDF report, delivered after checkout
Associated Brands with Schindler India Private Limited
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 of Schindler India Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Schindler India Private Limited FY 2025 filings available
Schindler India Private Limited reported revenue of ₹3,293.55 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Schindler India Private Limited
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 of Schindler India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹302.14 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹144.72 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 of Schindler India Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Schindler India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Schindler India Private Limited
Schindler India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Action Construction Equipment Limited Listed | ₹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 Limited this company | ₹3,293.55 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | 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 | |
| Tecpro Systems Limited | ₹2,624.59 Cr (FY 2013) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Elecon Engineering Company Limited Listed | ₹2,287.01 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Vallabh Vidyanagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Schindler India by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Schindler India Private Limited
Schindler India Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Schindler India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Schindler India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Sep 2019 | Others | ₹3.5 Cr | Open |
| 24 Mar 2009 | Corporation Bank | ₹10 Cr | Open |
Total charge records: 2 View all charges
Deals & Funding of Schindler India Private Limited
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 |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Schindler India Private Limited
Schindler India Private Limited has 403 court cases on record: 278 filed by Schindler India, 105 filed against it, 20 where it is another party. 66 cases are pending and 337 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 200 | 29 | 25 |
| District courts | 198 | 72 | 38 |
| Supreme Court | 5 | 4 | 3 |
Cases on record (5 of 403)
| 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 | Interim or miscellaneous application | Filed by the company against Linkson Projects & Infrastructure Private Limited | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against G K Shelters Private Limited | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Basant City Centre Malls Private Limited | Pending |
| District court, Rangareddy, Telangana | Court case (CEP) | Filed by the company against Karvy Stock Broking Limited | Pending |
Full case history
All 403 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Schindler India Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Schindler India Private Limited
Schindler India Private Limited has a workforce of 7,438 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Schindler India Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Schindler India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Schindler India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Schindler India Private Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Schindler India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Schindler India Private Limited
Frequently Asked Questions about Schindler India Private Limited
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 reported revenue of ₹3,293.55 Cr for FY 2025 (up 9% YoY).
Schindler India has 3 current directors:
- Tarunesh Mathur - Managing Director
- Nitin Shridhar Chalke - Director
- Vikas Vedprakash Chawla - Additional Director
Schindler India reported a net profit of ₹144.72 Cr (net margin 4.4%) and EBITDA of ₹302.14 Cr (EBITDA margin 9.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Schindler India is 14% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
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 403 court cases on record: 278 filed by the company and 105 filed against it. 66 are pending. Most are in the high 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 2 more, all in the Machinery and Equipment industry (Material Handling 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.