About Shri Ram Switchgears Limited
Data last updated:
Shri Ram Switchgears Limited is a public limited company based in Ratlam, Madhya Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 06 September 1985.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L31200MP1985PLC003026. Its GSTIN is 23AAFCS5113E1ZV (Madhya Pradesh). It is a listed company as per MCA records. Its shares are listed on NSE: SRIRAM.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.01 Cr. It was formerly known as Shri Ram Switchgears Private Limited. It is led by directors including Nilesh Kumar Jhalani (Managing Director) and Devraj Jhalani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shri Ram Bhawan Goushala Road, Ratlam, Madhya Pradesh, India – 457001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.95 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹3.87 Cr (net margin -131.2%) and EBITDA of -₹1.23 Cr (EBITDA margin -41.8%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 44% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shri Ram Switchgears. As per MCA filings, the company has open charges of ₹82.9 Cr and satisfied charges of ₹46.93 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it. The company has 11 deals on record (10 market trades, 1 ipo); the latest was in March 2023. The company has 5 MSME Form 1 returns on record between 2019 and 2022, listing 60 overdue payments to 9 micro and small suppliers.
The last known website on record is shriramswitchgears.com.
Company details
CIN history
Shri Ram Switchgears has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L31200MP1985PLC003026, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31200MP1985PLC003026 | Current |
| U31200MP1985PTC003026 | Previous |
| U31200MP1985PLC003026 | Previous |
Contact details
Shri Ram Switchgears Limited's registered office is in Ratlam, Madhya Pradesh. Its website is shriramswitchgears.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShri Ram Bhawan Goushala Road, Ratlam, Madhya Pradesh, India – 457001
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Shri Ram Switchgears 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
Shri Ram Switchgears operates one associated brand: Shri Ram Switchgears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures transformers, switchgears, and distribution boxes for electrical engineering applications. | shriramswitchgears.com |
Business activity
The main business activity of Shri Ram 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 Shri Ram Switchgears Limited, buy the company report.
Financials of Shri Ram Switchgears Limited
FY 2023 filings availableShri Ram Switchgears Limited reported revenue of ₹2.95 Cr (down 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 33% fall in the latest year. EBITDA rose 91% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.87 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -41.8% | ||||
| Net Profit Margin | -131.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Shri Ram Switchgears Limited, buy the company report.
Board of directors and KMP of Shri Ram Switchgears Limited
Shri Ram Switchgears Limited currently reports 6 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devraj Jhalani | Whole-Time Director | 01 Apr 2007 | 19 Years 6 Months | As last reported |
| Rohit Kumar Jhalani | Whole-Time Director | 01 Apr 1998 | 28 Years 6 Months | As last reported |
| Nilesh Kumar Jhalani | Managing Director | 01 Apr 2007 | 19 Years 6 Months | As last reported |
| Naresh Kumar Jhalani Also directs: Shri Ram Envopak (India) Private Limited | Cfo | 04 Jan 2017 | 9 Years 9 Months | As last reported |
| Sapna Jhalani | Director | 06 Jan 2017 | 9 Years 9 Months | As last reported |
| Atul Krishna Khandelwal | Director | 06 Jan 2017 | 9 Years 9 Months | As last reported |
Auditor
Shri Ram Switchgears Limited is audited by A Palak & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A Palak & Associates | FY 2023 | 031036C |
Shareholding
The shareholding of Shri Ram Switchgears 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shri Ram Switchgears Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2017 | 100125204 | Others | ₹2.4 Cr | Open | |
| 13 Jun 2016 | 100038286 | Others | ₹4 Cr | Open | |
| 02 Jun 2016 | 100035311 | Others | ₹71.1 Cr | Open | |
| 26 Dec 2015 | 10611531 | Au Financiers (India) Limited | ₹45 Lakh | Open | |
| 01 Oct 2015 | 10596545 | Au Financiers (India) Limited | ₹2.25 Cr | Open |
To see the full charge records of Shri Ram Switchgears Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Shri Ram Switchgears Limited has 11 deals on record (10 market trades, 1 ipo); the latest was in March 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Market trade | ₹3.6 Lakh | Buyer: an individual Seller: an individual |
| Mar 2023 | Market trade | ₹4.7 Lakh | Buyer: an individual |
| Mar 2021 | Market trade | ₹14.5 Lakh | Buyer: A F Enterprises Limited Seller: A F Enterprises Limited |
| Mar 2021 | Market trade | ₹7.9 Lakh | Buyer: A F Enterprises Limited |
| Feb 2021 | Market trade | ₹10.3 Lakh | Buyer: A F Enterprises Limited |
To see the full deal history of Shri Ram Switchgears Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shri Ram Switchgears Limited has 5 court cases on record: 1 filed by Shri Ram Switchgears, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Columbia Petro Chem Pvt. Ltd. | Disposed |
| NCLT, Indore | Insolvency matter | Filed against the company by Small Industries Development Bank of India | Disposed |
| District court, Central, Delhi | Commercial suit | Filed against the company | Disposed |
| NCLT, Indore | Insolvency matter | Filed against the company by Small Industries Development Bank of India | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Shri Ram Switchgears 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.
Credit ratings & regulatory alerts
Shri Ram Switchgears Limited was last rated by Icra on 18 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Apr 2022 |
To see the full credit ratings and regulatory alerts of Shri Ram Switchgears Limited, buy the company report.
MSME payment delays
Shri Ram Switchgears Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 60 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mahalaxmi Investment and Trading Pvt Ltd | |||
| V. P. Logistics, Indore | |||
| an individual supplier | |||
| an individual supplier | |||
| G. K. Electricals, Bhopal |
To see the full MSME payment records of Shri Ram Switchgears Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shri Ram Switchgears Limited has a workforce of 16 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Shri Ram Switchgears has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCS5113E1ZV | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shri Ram Switchgears Limited, buy the company report.
Recent activity
Shri Ram Switchgears Limited has 13 board changes on record since 1998: 10 appointments and 3 cessations. The latest: Rakesh Kumar Jindal ceased to be Irp/Rp/Liquidator on 12 Mar 2025.
42 earlier events are in the company report.
Frequently asked questions
Shri Ram Switchgears is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Shri Ram Switchgears is a company under insolvency, formerly operating as a public limited company based in Ratlam, Madhya Pradesh, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 06 September 1985 and is registered under CIN L31200MP1985PLC003026. Listed on NSE: SRIRAM. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shri Ram Switchgears has 7 current directors and KMP:
- Nilesh Kumar Jhalani - Managing Director
- Devraj Jhalani - Whole-Time Director
- Rohit Kumar Jhalani - Whole-Time Director
- Sapna Jhalani - Director
- Atul Krishna Khandelwal - Director
- Mudit Gupta - Director
- Naresh Kumar Jhalani - Cfo
The latest financial statements of Shri Ram Switchgears on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 November 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shri Ram Switchgears is L31200MP1985PLC003026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shri Ram Switchgears is a listed company as per MCA records. Its shares are listed on NSE (symbol: SRIRAM).
Shri Ram Switchgears has open charges of ₹82.9 Cr and satisfied charges of ₹46.93 Cr as per latest MCA filings.
Shri Ram Switchgears has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Shri Ram Switchgears was incorporated on 06 September 1985. It is registered with the Registrar of Companies, Gwalior.
Shri Ram Switchgears has 11 deals on record (10 market trades, 1 ipo); the latest was in March 2023.
Rakesh Kumar Jindal ceased to be Irp/Rp/Liquidator on 12 Mar 2025. Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator on 03 Apr 2024. Mudit Gupta was appointed as Director on 30 Sep 2022. Shri Ram Switchgears has 13 board changes on record in total.