MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0042085
Svitch Energy Private Limited - automotive in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13.68 Cr
▲ 19% YoY
Net profit · FY 2024
₹74.92 Lakh
Net margin 5.5%
EBITDA · FY 2024
₹1.52 Cr
EBITDA margin 11.1%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹3.86 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
4
As per MCA filings
About Svitch Energy Private Limited
Data last updated:
Svitch Energy Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 25 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45401GJ2019PTC108838. Its GSTIN is 24ABCCS2658C1ZM (Gujarat).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors including Radhika Rajkumar Patel and Sneha Vinodbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4th Floor A/410 Stellar Sindhu Bhavan Nr. Pakwan Cross Road Bodakdev, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.68 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹74.92 Lakh (net margin 5.5%) and EBITDA of ₹1.52 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company is associated with 1 brand: Svitch. As per MCA filings, the company has open charges of ₹3.86 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Svitch Energy Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0042085). For more details, the company can be reached via its website svitch.bike.
Company details
CIN U45401GJ2019PTC108838
Registration Number 108838
Incorporation Date 25 June 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0042085
CIN history
Svitch Energy has one previous CIN (Corporate Identification Number): U52609GJ2019PTC108838. The current CIN is U45401GJ2019PTC108838, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45401GJ2019PTC108838 | Current |
| U52609GJ2019PTC108838 | Previous |
Key People
Radhika Rajkumar Patel Director Sneha Vinodbhai Patel Director Rajkumar Vinodbhai Patel Director Recognitions & Rankings of Svitch Energy
Contact details
Svitch Energy Private Limited's registered office is in Ahmedabad, Gujarat. Its website is svitch.bike. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor A/410 Stellar Sindhu Bhavan Nr. Pakwan Cross Road Bodakdev, Ahmedabad, Gujarat, India – 380059
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Svitch Energy Private Limited, buy the company report.
Comprehensive company report
Svitch Energy 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
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Brands
Svitch Energy operates one associated brand: Svitch. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Premium foldable electric bicycles and accessories are manufactured. | svitch.bike |
Business activity
The main business activity of Svitch Energy is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Svitch Energy Private Limited, buy the company report.
Financials of Svitch Energy Private Limited
FY 2024 filings availableSvitch Energy Private Limited reported revenue of ₹13.68 Cr (up 19% YoY) for FY 2024.
Revenue · FY 2024
₹13.68 Cr ▲ 19%
Net profit · FY 2024
₹74.92 Lakh margin 5.5%
EBITDA · FY 2024
₹1.52 Cr margin 11.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 19% growth in the latest year. EBITDA fell 2% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹13.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74.92 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | ||||
| Net Profit Margin | 5.5% | ||||
| 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 Svitch Energy Private Limited, buy the company report.
Board of directors of Svitch Energy Private Limited
Svitch Energy has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhika Rajkumar Patel | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
| Sneha Vinodbhai Patel | Director | 27 Sep 2022 | 4 Years 1 Months | Current |
| Rajkumar Vinodbhai Patel Also directs: E-Help Consultancy and Migration Services LLP, Bitfinco Innovations LLP, Svitch Nutraceuticals LLP and 2 more | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
| Utpal Manubhai Panchal | Director | 03 Apr 2023 | 3 Years 7 Months | Current |
Peer comparison
Svitch Energy Private Limited is compared with the 4 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Supreme Smart Power Private Limited | ₹14.33 Cr (FY 2024) | 78.0% | New Delhi, Delhi, India | |||
| Svitch Energy Private Limitedthis company | ₹13.68 Cr (FY 2024) | ₹74.92 Lakh | 5.5% | 19.0% | Ahmedabad, Gujarat, India | |
| Panther Electric Vehicles Private Limited | ₹13.66 Cr (FY 2025) | 31.0% | Meerut, Uttar Pradesh, India | |||
| Ryoto Electrix Private Limited | ₹13.56 Cr (FY 2025) | 673.0% | Gurgaon, Haryana, India | |||
| Attolent Autogroup Private Limited | ₹13.31 Cr (FY 2025) | -26.0% | Delhi, India |
To see the full peer comparison of Svitch Energy Private Limited, buy the company report.
Auditor
Svitch Energy Private Limited is audited by R J H & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R J H & CO | FY 2024 | 182707 |
Shareholding
The shareholding of Svitch Energy Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Svitch Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.86 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2020 | 100324579 | State Bank of India | ₹3.86 Cr | Open |
To see the full charge records of Svitch Energy Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Svitch Energy Private Limited has 1 court case on record: 1 filed by Svitch Energy. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Svitch Energy 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
No delayed payments to MSME suppliers are on our record for Svitch Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Svitch Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABCCS2658C1ZM | Gujarat | Active | 21 Aug 2019 |
To see the full GST registrations and return filing status of Svitch Energy Private Limited, buy the company report.
Recent activity
Svitch Energy Private Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Utpal Manubhai Panchal ceased to be Additional Director on 29 Sep 2025.
Ceased
Utpal Manubhai Panchal ceased to be Additional Director.
AGM
Svitch Energy Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Svitch Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Utpal Manubhai Panchal was appointed as Director.
Ceased
Sneha Vinodbhai Patel ceased to be Additional Director.
Appointed
Sneha Vinodbhai Patel was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 386.00 Lakh registered on 14 Feb 2020 with Charge ID 100324579 was modified on 12 Jan 2022.
Charges
A charge with State Bank Of India amounted to Rs. 386.00 Lakh with Charge ID 100324579 was registered on 14 Feb 2020.
Appointed
Radhika Rajkumar Patel was appointed as Director.
Appointed
Rajkumar Vinodbhai Patel was appointed as Director.
Incorporation
25 Jun 2019
Svitch Energy Private Limited was registered on 25 Jun 2019 with Roc Ahmedabad & aged 7 years 4 months as per MCA records.
News
Frequently asked questions
Svitch Energy is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 25 June 2019 (7+ years old) and is registered under CIN U45401GJ2019PTC108838.
Svitch Energy has 4 current directors:
- Radhika Rajkumar Patel - Director
- Sneha Vinodbhai Patel - Director
- Rajkumar Vinodbhai Patel - Director
- Utpal Manubhai Panchal - Director
The latest financial statements of Svitch Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Svitch Energy is 24ABCCS2658C1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Svitch Energy is U45401GJ2019PTC108838. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Svitch Energy has 1 court case on record: 1 filed by the company.
Svitch Energy was incorporated on 25 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Svitch Energy by revenue are Supreme Smart Power Private Limited, Panther Electric Vehicles Private Limited, Ryoto Electrix Private Limited, Attolent Autogroup Private Limited, all in the Automobiles industry (Electric and Bio Fuel Vehicles), with the same principal business activity (motor vehicles, trailers, semi trailers and other transport vehicles).
Utpal Manubhai Panchal ceased to be Additional Director on 29 Sep 2025. Utpal Manubhai Panchal was appointed as Director on 03 Apr 2023. Sneha Vinodbhai Patel ceased to be Additional Director on 30 Sep 2022. Svitch Energy has 6 board changes on record in total.
Yes, Svitch Energy is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0042085).
Svitch Energy can be reached through the website svitch.bike. Its registered office is in Ahmedabad, Gujarat, India.
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