Switch Key Solutions Private Limited
About Switch Key Solutions Private Limited
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Switch Key Solutions Private Limited is a private limited company based in Anand, Gujarat, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 03 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2016PTC093952. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹82,000. It is led by directors Pravinbhai Patel Dahyabhai and Sarojben Patel Pravinbhai.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 901 9th Floor Kishor Plaza Station Road, Anand, Gujarat, India – 388001.
As per the financials filed for FY 2021, the company reported a revenue of ₹16,719, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹68,337 (net margin -408.7%) and EBITDA of -₹53,349 (EBITDA margin -319.1%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address901 9th Floor Kishor Plaza Station Road, Anand, Gujarat, India – 388001
- IndustryInformation Technology, Computer Programming, Consultancy
- 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
Business Activity of Switch Key Solutions Private Limited
The main business activity of Switch Key Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Switch Key Solutions Private Limited FY 2021 filings available
Switch Key Solutions Private Limited reported revenue of ₹16,719 (down 91% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Switch Key Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 91% fall in the latest year. EBITDA rose 64% 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 Switch Key Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹53,349 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹68,337 | •••• | •••• | •••• | •••• |
| 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 Switch Key Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -319.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -408.7% | •••• | •••• | •••• | •••• |
| 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 Switch Key Solutions are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Switch Key Solutions Private Limited
Switch Key Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gethuge Technologies Private Limited | •••• | •••• | •••• | •••• | - | Karur, Tamil Nadu, India |
| Lalajaydayal Global Ventures Private Limited | •••• | •••• | •••• | •••• | - | Seondha, Madhya Pradesh, India |
| Botlot Private Limited | •••• | •••• | •••• | •••• | - | Borivlai East, Maharashtra, India |
| Trailblazer Infosoft Services Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Pineapple Labs Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Switch Key Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Anand, Gujarat, India |
| Qzolve IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Kottayam, Kerala, India |
| Eskar Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bestawaripeta, Andhra Pradesh, India |
| Entrant Technologies Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Phoniyo Private Limited | •••• | •••• | •••• | •••• | - | Varanasi, Uttar Pradesh, India |
| Payvoy India Private Limited | •••• | •••• | •••• | •••• | - | Georgepeta, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Switch Key Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Switch Key Solutions Private Limited
Switch Key Solutions Private Limited is audited by PATEL & MEHTA CHARTERED ACCOUNTANT for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATEL & MEHTA CHARTERED ACCOUNTANT | 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.
Board of Directors of Switch Key Solutions Private Limited
Switch Key Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravinbhai Patel Dahyabhai | Director | 03 Oct 2016 | 10 Years 0 Months | Current |
| Sarojben Patel Pravinbhai | Director | 02 Aug 2018 | 8 Years 2 Months | Current |
Ownership and Shareholding of Switch Key Solutions 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 Switch Key Solutions Private Limited
Switch Key Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Switch Key Solutions Private Limited
Employment history and EPFO contributions of people linked to Switch Key Solutions.
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 Switch Key Solutions Private Limited
Switch Key Solutions Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Sarojben Patel Pravinbhai was appointed as Director on 02 Aug 2018.
Credit Ratings, Litigation & Regulatory Alerts for Switch Key Solutions 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.
MSME Payment Delays by Switch Key Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Switch Key Solutions 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 Switch Key Solutions Private Limited
Switch Key Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Switch Key Solutions 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.
Frequently Asked Questions about Switch Key Solutions Private Limited
Switch Key Solutions is an active private limited company based in Anand, Gujarat, India. The company works in computer programming, within the information technology industry. It was incorporated on 03 October 2016 (10+ years old) and is registered under CIN U72900GJ2016PTC093952.
Switch Key Solutions reported revenue of ₹16,719 for FY 2021 (down 91% YoY).
Switch Key Solutions has 2 current directors:
- Pravinbhai Patel Dahyabhai - Director
- Sarojben Patel Pravinbhai - Director
Switch Key Solutions reported a net loss of ₹68,337 (net margin -408.7%) and EBITDA of -₹53,349 (EBITDA margin -319.1%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Switch Key Solutions is -64% over three years. In the latest year (FY 2021) revenue fell 91%. CAGR is the steady yearly rate that links the first and the last year.
No. Switch Key Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Switch Key Solutions is U72900GJ2016PTC093952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Switch Key Solutions was incorporated on 03 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Switch Key Solutions by revenue are Gethuge Technologies Private Limited, Lalajaydayal Global Ventures Private Limited, Botlot Private Limited, Trailblazer Infosoft Services Private Limited, Pineapple Labs Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Sarojben Patel Pravinbhai was appointed as Director on 02 Aug 2018. Purvin Patel Pravin ceased to be Director on 26 Jul 2018. Shetalben Patel Babubhai ceased to be Director on 26 Jul 2018. Switch Key Solutions has 4 board changes on record in total.
The registered office of Switch Key Solutions is at 901 9th Floor Kishor Plaza Station Road, Anand, Gujarat, India – 388001.