Shri Ram Switchgears Limited

NSE: SRIRAM
Shri Ram Switchgears Limited - energy and power in Ratlam, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN L31200MP1985PLC003026 Incorporated 06 September 1985 ROC Gwalior HQ Ratlam, Madhya Pradesh, India
Under Insolvency Listed - NSE: SRIRAM Public Limited Company energy and power
Data last updated
Revenue · FY 2023
₹2.95 Cr
▼ 33% YoY
Net loss · FY 2023
₹3.87 Cr
Net margin -131.2%
EBITDA · FY 2023
-₹1.23 Cr
EBITDA margin -41.8%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹10.01 Cr
Issued & subscribed
Open charges
₹82.9 Cr
Satisfied ₹46.93 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
16
Provident fund records

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). 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 3 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 11 deals on record (10 market trades, 1 ipo); the latest was in March 2023. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Nampa Steel & Power (India) Private Limited with revenue of ₹2.99 Cr. 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 of Shri Ram Switchgears Limited
CIN L31200MP1985PLC003026
Registration Number 003026
Incorporation Date 06 September 1985
ROC Gwalior
Listing Status Listed (NSE: SRIRAM)
Company Status Under CIRP
Date of Last AGM 30 November 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant

CIN History of Shri Ram Switchgears Limited

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.

CINStatus
L31200MP1985PLC003026Current
U31200MP1985PTC003026Previous
U31200MP1985PLC003026Previous
Key People
Nilesh Kumar Jhalani Managing Director Devraj Jhalani Whole-Time Director Rohit Kumar Jhalani Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    shriramswitchgears.com
  • Social Media
    Locked
  • Registered Address
    Shri Ram Bhawan Goushala Road, Ratlam, Madhya Pradesh, India – 457001
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for Shri Ram Switchgears Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Shri Ram Switchgears Limited

Shri Ram Switchgears operates one associated brand: Shri Ram Switchgears. Each brand links to its own profile.

BrandDescriptionWebsite
Shri Ram Switchgears
Manufactures transformers, switchgears, and distribution boxes for electrical engineering applications.shriramswitchgears.com

Business Activity of Shri Ram Switchgears Limited

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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Shri Ram Switchgears Limited FY 2023 filings available

Shri Ram Switchgears Limited reported revenue of ₹2.95 Cr (down 33% YoY) for FY 2023.

Revenue · FY 2023
₹2.95 Cr ▼ 33%
Net loss · FY 2023
₹3.87 Cr margin -131.2%
EBITDA · FY 2023
-₹1.23 Cr margin -41.8%

Compounded Annual Growth Rate (CAGR) of Shri Ram Switchgears Limited

Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 50%
5 years · compounded
▼ 44%
EBITDA CAGR growth
1 year
▲ 91%
3 years · compounded
▼ 33%
5 years · compounded
▼ 16%

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 of Shri Ram Switchgears Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 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••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Shri Ram Switchgears Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 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)••••••••••••••••••••
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 Shri Ram Switchgears are in the company report.

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Financial statements from 2015

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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.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Devraj JhalaniWhole-Time Director01 Apr 200719 Years 6 MonthsAs last reported
Rohit Kumar JhalaniWhole-Time Director01 Apr 199828 Years 6 MonthsAs last reported
Nilesh Kumar JhalaniManaging Director01 Apr 200719 Years 6 MonthsAs last reported
Naresh Kumar Jhalani
Also directs: Shri Ram Envopak (India) Private Limited
Cfo04 Jan 20179 Years 9 MonthsAs last reported
Sapna JhalaniDirector06 Jan 20179 Years 9 MonthsAs last reported
Atul Krishna KhandelwalDirector06 Jan 20179 Years 9 MonthsAs last reported
Showing 6 of 7 current directors and KMP. View all directors and KMP

Peer Comparison of Shri Ram Switchgears Limited

Shri Ram Switchgears Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Nampa Steel & Power (India) Private Limited₹2.99 Cr (FY 2017)••••••••-82.0%••••Kolkata, West Bengal, India
Z Plus Surveillance Security Private Limited₹2.99 Cr (FY 2025)••••••••5.0%••••Ballabgarh, Haryana, India
Fenex Luminous Private Limited₹2.96 Cr (FY 2024)••••••••212.0%••••Bangalore, Karnataka, India
JHBB Engineering and Mechanical Private Limited₹2.96 Cr (FY 2021)••••••••188.0%••••Delhi, India
Shri Shanti Solar Energy Private Limited₹2.95 Cr (FY 2025)••••••••0.0%••••Jamnagar, Gujarat, India
Shri Ram Switchgears Limited this company₹2.95 Cr (FY 2023)••••••••-33.0%••••Ratlam, Madhya Pradesh, India
Luthra Interface Solutions Private Limited₹2.95 Cr (FY 2025)••••••••135.0%••••Dadri, Uttar Pradesh, India
Symtec Engineers Private Limited₹2.94 Cr (FY 2024)••••••••25.0%••••Chennai, Tamil Nadu, India
Enerprone Private Limited₹2.94 Cr (FY 2025)••••••••70.0%••••Pune, Maharashtra, India
Gilbert and Maxwell Transformers Pvt.Ltd.₹2.94 Cr (FY 2025)••••••••-4.0%••••Nashik, Maharashtra, India
Greensmith Technologies Private Limited₹2.94 Cr (FY 2023)••••••••••••Kolhapur, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Shri Ram Switchgears by revenue in the Power industry (Power Equipment Manufacturers), 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 Shri Ram Switchgears Limited

Shri Ram Switchgears Limited is audited by A Palak & Associates for the financial year 2023.

NameStatusAppointment DateCessation Date
A Palak & AssociatesLockedLockedLocked
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Ownership and Shareholding of Shri Ram Switchgears Limited

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Charges & Borrowings of Shri Ram Switchgears Limited

Open charges
₹82.9 Cr
Satisfied charges
₹46.93 Cr
Breakdown by lending institutions
Others₹77.50 Cr
Uco Bank₹2.70 Cr
Au Financiers (India) Limited₹2.70 Cr
Latest charge details
DateLenderAmountStatus
05 Aug 2017Others₹2.4 CrOpen
13 Jun 2016Others₹4 CrOpen
02 Jun 2016Others₹71.1 CrOpen
26 Dec 2015Au Financiers (India) Limited₹45 LakhOpen
01 Oct 2015Au Financiers (India) Limited₹2.25 CrOpen

Total charge records: 18 View all charges

Deals & Funding of Shri Ram Switchgears Limited

Shri Ram Switchgears Limited has 11 deals on record (10 market trades, 1 ipo); the latest was in March 2023.

Total deals
11
Market trades
10
IPO
1

Deals on record (5 of 11)

WhenDealAmountParties
Mar 2023Market trade₹3.6 LakhBuyer: an individual
Seller: an individual
Mar 2023Market trade₹4.7 LakhBuyer: an individual
Mar 2021Market trade₹14.5 LakhBuyer: A F Enterprises Limited
Seller: A F Enterprises Limited
Mar 2021Market trade₹7.9 LakhBuyer: A F Enterprises Limited
Feb 2021Market trade₹10.3 LakhBuyer: A F Enterprises Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Shri Ram Switchgears Limited

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)

SupplierAmount dueDue sinceReported on
Mahalaxmi Investment and Trading Pvt Ltd••••••••••••
V. P. Logistics, Indore••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
G. K. Electricals, Bhopal••••••••••••
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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 Shri Ram Switchgears Limited

Shri Ram Switchgears Limited has a workforce of 16 employees as of Apr 03, 2024.

Employee count
16
Active EPFO establishments
1
Employee growth
-15.79%
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Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Shri Ram Switchgears Limited

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.

Ceased
Rakesh Kumar Jindal ceased to be Irp/Rp/Liquidator.
Appointed
Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator.
AGM
Shri Ram Switchgears Limited last Annual general meeting of members was held on 30 Nov 2023 as per latest MCA records.
Filing
Shri Ram Switchgears Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.
Appointed
Mudit Gupta was appointed as Director.
Ceased
Amita Premswaroop Patel ceased to be Director.
Charges
A charge with Others of Rs. 71.10 Cr registered on 02 Jun 2016 with Charge ID 100035311 was modified on 22 Sep 2020.
Charges
A charge with Others amounted to Rs. 2.40 Cr with Charge ID 100125204 was registered on 05 Aug 2017.
Appointed
Amita Premswaroop Patel was appointed as Director.
Appointed
Atul Krishna Khandelwal was appointed as Director.
Appointed
Sapna Jhalani was appointed as Director.
Appointed
Naresh Kumar Jhalani was appointed as CFO.

42 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Shri Ram Switchgears Limited

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Subsidiaries & Group Companies of Shri Ram Switchgears Limited

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GST Compliance of Shri Ram Switchgears Limited

Shri Ram Switchgears has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
23AAFCS5113E1ZVMadhya PradeshActive01 Jul 2017
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MCA Filings & Documents of Shri Ram Switchgears Limited

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Related news about Shri Ram Switchgears Limited

Shri Ram Switchgears to discuss results
02 Feb 2025 · India Infoline

Frequently Asked Questions about Shri Ram Switchgears Limited

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 reported revenue of ₹2.95 Cr for FY 2023 (down 33% YoY).

Shri Ram Switchgears has 7 current directors and KMP:

Shri Ram Switchgears reported a net loss of ₹3.87 Cr (net margin -131.2%) and EBITDA of -₹1.23 Cr (EBITDA margin -41.8%) for FY 2023, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Shri Ram Switchgears is -50% over three years and -44% over five years. In the latest year (FY 2023) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.

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 listed on NSE with 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 3 court cases on record: 1 filed by the company and 1 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.

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