MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0003733
Schurter Electronics (India) Private Limited - information technology in Savli, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹67.16 Cr
▲ 36% YoY
Net profit · FY 2026
₹8.49 Cr
Net margin 12.6%
EBITDA · FY 2026
₹13.32 Cr
EBITDA margin 19.8%
Authorised capital
₹1.4 Cr
Registered with MCA
Paid-up capital
₹1.3 Cr
Issued & subscribed
Open charges
₹8.72 Cr
Satisfied ₹8.86 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
72
Provident fund records
About Schurter Electronics (India) Private Limited
Data last updated:
Schurter Electronics (India) Private Limited is a private limited company based in Savli, Gujarat, India, a subsidiary of Schurter Holding Ag. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 02 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ1998PTC034899. Its GSTIN is 24AADCS3002J1ZS (Gujarat).
The company has an authorised share capital of ₹1.4 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors including Asgari Abdeali Lokhandwala (Managing Director) and Azaz Abdeali Lokhandwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot Nos. E 59 / 60 /61 GIDC Manjusar Savli Road Taluka Savli, Gujarat, India – 391775.
As per the financials filed for FY 2026, the company reported a revenue of ₹67.16 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹8.49 Cr (net margin 12.6%) and EBITDA of ₹13.32 Cr (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 11% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Schurter. As per MCA filings, the company has open charges of ₹8.72 Cr and satisfied charges of ₹8.86 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2012. The company has 2 MSME Form 1 returns on record between 2019 and 2021, listing 19 overdue payments to 7 micro and small suppliers.
Schurter Electronics (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003733). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website schurter.com.
Company details
CIN U29199GJ1998PTC034899
Registration Number 034899
Incorporation Date 02 November 1998
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Schurter Holding Ag
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0003733
Key People
Asgari Abdeali Lokhandwala Managing Director Azaz Abdeali Lokhandwala Whole-Time Director Subramanian Palanivelan Director Recognitions & Rankings of Schurter Electronics (India)
Contact details
Schurter Electronics (India) Private Limited's registered office is in Savli, Gujarat. Its website is schurter.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot Nos. E 59 / 60 /61 GIDC Manjusar Savli Road Taluka Savli, Gujarat, India – 391775
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Schurter Electronics (India) Private Limited, buy the company report.
Comprehensive company report
Schurter Electronics (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Schurter Electronics (India) operates one associated brand: SCHURTER. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronic components and input systems are manufactured and distributed. | schurter.com |
Business activity
The main business activity of Schurter Electronics (India) is manufacturing. In detail, this covers manufacture of electrical equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment |
To see the full business activity and turnover split of Schurter Electronics (India) Private Limited, buy the company report.
Financials of Schurter Electronics (India) Private Limited
FY 2026 filings availableSchurter Electronics (India) Private Limited reported revenue of ₹67.16 Cr (up 36% YoY) for FY 2026.
Revenue · FY 2026
₹67.16 Cr ▲ 36%
Net profit · FY 2026
₹8.49 Cr margin 12.6%
EBITDA · FY 2026
₹13.32 Cr margin 19.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 5%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 36% growth in the latest year. EBITDA rose 68% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹67.16 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.49 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.8% | ||||
| Net Profit Margin | 12.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Schurter Electronics (India) Private Limited, buy the company report.
Board of directors of Schurter Electronics (India) Private Limited
Schurter Electronics (India) has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asgari Abdeali Lokhandwala Also directs: Azelion Enterprise LLP | Managing Director | 02 Nov 1998 | 28 Years 0 Months | Current |
| Azaz Abdeali Lokhandwala Also directs: Azelion Enterprise LLP | Whole-Time Director | 15 Jul 2025 | 1 Years 3 Months | Current |
| Subramanian Palanivelan | Director | 01 Aug 2024 | 2 Years 3 Months | Current |
Auditor
Schurter Electronics (India) Private Limited is audited by S.S. IYENGAR & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.S. IYENGAR & CO. | FY 2026 | 117718W |
Shareholding
The shareholding of Schurter Electronics (India) Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Schurter Electronics (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.72 Cr
Satisfied charges
₹8.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2021 | 100515387 | Idbi Bank Limited | ₹72 Lakh | Open | |
| 02 Feb 2008 | 10088910 | Idbi Bank Limited | ₹8 Cr | Open | |
| 21 May 2024 | 100946986 | Axis Bank Limited | ₹8.51 Cr | Satisfied | |
| 19 Mar 2021 | 100442049 | Hdfc Bank Limited | ₹18.07 Lakh | Satisfied | |
| 19 Dec 2019 | 100366615 | Idbi Bank Limited | ₹17 Lakh | Satisfied |
To see the full charge records of Schurter Electronics (India) Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Schurter Electronics (India) Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2012.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Schurter Holdings Ag & Tauheed Lokhandwala, Schurter Holdings Ag & Asgari Lokhandwala, Schurter Holdings Ag & Azaz Lokhandwala Seller: Schurter Holdings Ag & Adbeali J Lokhandwala |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Schurter Electronics (India) Private Limited has 4 court cases on record: 4 filed by Schurter Electronics (India). 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 2 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against individuals | Pending |
| High Court of Gujarat | Court case (TAXAP) | Filed by the company against an individual | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against individuals | Disposed |
To see the full case history of Schurter Electronics (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
Schurter Electronics (India) Private Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 19 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Fazal Box Works | |||
| an individual supplier | |||
| Gruner India Private Limited | |||
| Protectron Electromech Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Schurter Electronics (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Schurter Electronics (India) Private Limited has a workforce of 72 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
72
Active EPFO establishments
1
Employee growth
-4%
GST
Schurter Electronics (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCS3002J1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Schurter Electronics (India) Private Limited, buy the company report.
Recent activity
Schurter Electronics (India) Private Limited has 19 board changes on record since 1998: 11 appointments and 8 cessations. The latest: Azaz Abdeali Lokhandwala was appointed as Whole-Time Director on 15 Jul 2025.
Filing
Schurter Electronics (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Schurter Electronics (India) Private Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Appointed
Azaz Abdeali Lokhandwala was appointed as Whole-Time Director.
Ceased
Oswald Fiegl ceased to be Additional Director.
Charges
A charge registered on 21 May 2024 via Charge ID 100946986 with Axis Bank Limited was fully satisfied on 16 Jan 2025.
Charges
A charge registered on 19 Mar 2021 via Charge ID 100442049 with Hdfc Bank Limited was fully satisfied on 21 Dec 2024.
Charges
A charge registered on 19 Dec 2019 via Charge ID 100366615 with Idbi Bank Limited was fully satisfied on 19 Dec 2024.
Appointed
Oswald Fiegl was appointed as Additional Director.
Ceased
Rolf Nussbaumer ceased to be Director.
Appointed
Subramanian Palanivelan was appointed as Director.
Ceased
Tohidali Abdeali Lokhandwala ceased to be Whole-Time Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 8.51 Cr with Charge ID 100946986 was registered on 21 May 2024.
19 earlier events are in the company report.
Frequently asked questions
Schurter Electronics (India) is an active private limited company based in Savli, Gujarat, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 02 November 1998 (28+ years old) and is registered under CIN U29199GJ1998PTC034899.
Schurter Electronics (India) has 3 current directors:
- Asgari Abdeali Lokhandwala - Managing Director
- Azaz Abdeali Lokhandwala - Whole-Time Director
- Subramanian Palanivelan - Director
The latest financial statements of Schurter Electronics (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Schurter Electronics (India) is 24AADCS3002J1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Schurter Electronics (India) is U29199GJ1998PTC034899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Schurter Electronics (India) has 4 court cases on record: 4 filed by the company. 2 are pending.
Schurter Electronics (India) was incorporated on 02 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Schurter Electronics (India) has 1 deal on record (1 secondary share transfer); the latest was in March 2012.
Azaz Abdeali Lokhandwala was appointed as Whole-Time Director on 15 Jul 2025. Oswald Fiegl ceased to be Additional Director on 18 Mar 2025. Oswald Fiegl was appointed as Additional Director on 03 Oct 2024. Schurter Electronics (India) has 19 board changes on record in total.
Yes, Schurter Electronics (India) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0003733).
Schurter Electronics (India) has 2 MSME Form 1 returns on record between 2019 and 2021, listing 19 overdue payments to 7 micro and small suppliers. The latest return was filed on 16 Jun 2021.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages