About Switchme Technologies and Services Private Limited
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Switchme Technologies and Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 14 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93030MH2012PTC232194. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹1.98 Lakh. It is led by directors Hina Jagmohan Singh and Shakil Ahmed Gulam Bilali.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at B – 504 Serenity Chs Amboli Near Shivsena Shakha Andheri West, Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2022, the company reported a revenue of ₹100 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹3.34 Cr (net margin -334.2%) and EBITDA of -₹75.95 Lakh (EBITDA margin -76%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 50% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: SwitchMe and Amorqa. The company has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 other deal), with disclosed funding of ₹5.31 Cr; the latest was in February 2019. Its 10 peer companies in the BFSI industry (Other Financial Services) are compared by revenue, 5 larger and 5 smaller; the largest is Sip Fund Private Limited. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 12 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website switchme.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 504 Serenity Chs Amboli Near Shivsena Shakha Andheri West, Mumbai, Maharashtra, India – 400058
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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 Switchme Technologies and Services Private Limited
The main business activity of Switchme Technologies and Services is financial and insurance service. In detail, this covers fund management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services | 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 Switchme Technologies and Services Private Limited FY 2022 filings available
Switchme Technologies and Services Private Limited reported revenue of ₹100 Lakh (down 3% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Switchme Technologies and Services Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 50%. EBITDA rose 31% 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 Switchme Technologies and Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹100 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹75.95 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.34 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 Switchme Technologies and Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -76% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -334.2% | •••• | •••• | •••• | •••• |
| 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 Switchme Technologies and Services are in the company report.
Financial statements from 2015
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 Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sip Fund Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Bitco Finexpert Private Limited | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Shiv Fincare Private Limited | •••• | •••• | •••• | •••• | - | City Taluka, Gujarat, India |
| Hawamahal Finance Private Limited | •••• | •••• | •••• | •••• | - | Bhilwara, Rajasthan, India |
| Mykap Consultancy Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Switchme Technologies and Services Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Hailp Loan Services India Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Aashirbad Advance Finance Private Limited | •••• | •••• | •••• | •••• | - | Sheoraphuli, West Bengal, India |
| Altious Corporate Services Pvt. Ltd. | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Mudraksh and Mcshaw Tech LLP | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Fortune Life Wealth Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Switchme Technologies and Services by revenue in the BFSI industry (Other Financial Services), 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 Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited is audited by KARANIA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KARANIA & ASSOCIATES | 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 Switchme Technologies and Services Private Limited
Switchme Technologies and Services has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hina Jagmohan Singh | Director | 19 Apr 2022 | 4 Years 5 Months | Current |
| Shakil Ahmed Gulam Bilali | Director | 19 Apr 2022 | 4 Years 5 Months | Current |
Ownership and Shareholding of Switchme Technologies and Services 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 Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 other deal), with disclosed funding of ₹5.31 Cr; the latest was in February 2019.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Funding round | ₹1.41 Cr | Investors: Fundtonic, 3 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: 3One4 Capital Seller: an individual |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3One4 Capital, M&S Partners Seller: M&Y Growth Partners, an individual |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 12 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Greytip Software Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Switchme Technologies and Services Private Limited
Switchme Technologies and Services operates two associated brands: SwitchMe and AMORQA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are managed by Maine Potato Growers in Maine. | switchme.in | |
| Provider of a robo-advisory solution for home loans | amorqa.com |
Employees and EPFO Compliance at Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited has a workforce of 9 employees as of Mar 28, 2024.
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.
News related to Switchme Technologies and Services Private Limited
Recent Activity on Switchme Technologies and Services Private Limited
Switchme Technologies and Services Private Limited has 9 board changes on record since 2020: 2 appointments and 7 cessations. The latest: Hina Jagmohan Singh ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Switchme Technologies and Services 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.
Subsidiaries & Group Companies of Switchme Technologies and Services 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 Switchme Technologies and Services Private Limited
Switchme Technologies and Services 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 Switchme Technologies and Services 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 Switchme Technologies and Services Private Limited
Switchme Technologies and Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 14 June 2012 (14+ years old) and is registered under CIN U93030MH2012PTC232194.
Switchme Technologies and Services reported revenue of ₹100 Lakh for FY 2022 (down 3% YoY).
Switchme Technologies and Services has 2 current directors:
- Hina Jagmohan Singh - Director
- Shakil Ahmed Gulam Bilali - Director
Switchme Technologies and Services reported a net loss of ₹3.34 Cr (net margin -334.2%) and EBITDA of -₹75.95 Lakh (EBITDA margin -76%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Switchme Technologies and Services is 29% over three years and 50% over five years. In the latest year (FY 2022) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
No. Switchme Technologies and Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Switchme Technologies and Services is U93030MH2012PTC232194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Switchme Technologies and Services was incorporated on 14 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Switchme Technologies and Services has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 other deal), with disclosed funding of ₹5.31 Cr; the latest was in February 2019.
The peers of Switchme Technologies and Services by revenue are Sip Fund Private Limited, Bitco Finexpert Private Limited, Shiv Fincare Private Limited, Hawamahal Finance Private Limited, Mykap Consultancy Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Hina Jagmohan Singh ceased to be Additional Director on 30 Sep 2022. Shakil Ahmed Gulam Bilali ceased to be Additional Director on 30 Sep 2022. Pratik Mahesh Choudhary ceased to be Additional Director on 20 Apr 2022. Switchme Technologies and Services has 9 board changes on record in total.
Yes, Switchme Technologies and Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).