MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-17-0045941
Switch-On Industries Private Limited
Switch-On Industries Private Limited - consumer electronics & durables in Vasai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹29.06 Cr
▲ 225% YoY
Net profit · FY 2024
₹1.68 Cr
Net margin 5.8%
EBITDA · FY 2024
₹2.3 Cr
EBITDA margin 7.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5.01 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
15
Provident fund records
About Switch-On Industries Private Limited
Data last updated:
Switch-On Industries Private Limited is a private limited company based in Vasai, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 16 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36999MH2021PTC373454. Its GSTIN is 27ABHCS5067L1ZR (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bipin Chinubhai Shah and Tejas Bipin Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gala No.27 First Floor Meghdoot Estate Vasai East – 401208, Maharashtra, India – 401208.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.06 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.68 Cr (net margin 5.8%) and EBITDA of ₹2.3 Cr (EBITDA margin 7.9%).
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.01 Cr on record.
Switch-On Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0045941).
Company details
CIN U36999MH2021PTC373454
Registration Number 373454
Incorporation Date 16 December 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-MH-17-0045941
Recognitions & Rankings of Switch-On Industries
Contact details
Switch-On Industries Private Limited's registered office is in Vasai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGala No.27 First Floor Meghdoot Estate Vasai East – 401208, Maharashtra, India – 401208
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Switch-On Industries Private Limited, buy the company report.
Comprehensive company report
Switch-On Industries 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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Business activity
The main business activity of Switch-On Industries 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 Switch-On Industries Private Limited, buy the company report.
Financials of Switch-On Industries Private Limited
FY 2025 filings availableSwitch-On Industries Private Limited reported revenue of ₹29.06 Cr (up 225% YoY) for FY 2024.
Revenue · FY 2024
₹29.06 Cr ▲ 225%
Net profit · FY 2024
₹1.68 Cr margin 5.8%
EBITDA · FY 2024
₹2.3 Cr margin 7.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 225%
EBITDA CAGR growth
1 year
▲ 160%
Revenue rose 225% in the latest year. EBITDA rose 160% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹2.3 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.68 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.9% | ||
| Net Profit Margin | 5.8% | ||
| 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 Switch-On Industries Private Limited, buy the company report.
Board of directors of Switch-On Industries Private Limited
Switch-On Industries has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Chinubhai Shah | Director | 16 Dec 2021 | 4 Years 10 Months | Current |
| Tejas Bipin Shah | Director | 16 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Switch-On Industries Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Neuation Technologies Private Limited | ₹29.24 Cr (FY 2021) | 43.0% | Kalol, Gujarat, India | |||
| Europlak SV Cucine India Limited | ₹29.19 Cr (FY 2025) | 25.0% | Pune, Maharashtra, India | |||
| Samudra Electronic System Private Limited | ₹29.18 Cr (FY 2024) | 66.0% | Pune, Maharashtra, India | |||
| Modern Electrofab Private Limited | ₹29.1 Cr (FY 2024) | 60.0% | Delhi, India | |||
| Switch-On Industries Private Limitedthis company | ₹29.06 Cr (FY 2024) | ₹1.68 Cr | 5.8% | 225.0% | 15 | Vasai, Maharashtra, India |
| Videomax International Private Limited | ₹29 Cr (FY 2024) | -8.0% | Delhi, India | |||
| Jaipan Industries Limited | ₹28.76 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Switch-On Industries Private Limited, buy the company report.
Auditor
Switch-On Industries Private Limited is audited by KOTHHARI AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOTHHARI AND CO | FY 2023 | 105317W |
Shareholding
The shareholding of Switch-On Industries Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Switch-On Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.01 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2024 | 100947947 | Others | ₹3.92 Cr | Open | |
| 11 Apr 2023 | 100721977 | Tata Capital Financial Services Limited | ₹1.09 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Switch-On Industries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Switch-On Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Switch-On Industries Private Limited has a workforce of 15 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
7.14%
GST
Switch-On Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABHCS5067L1ZR | Maharashtra | Active | 24 Dec 2021 |
To see the full GST registrations and return filing status of Switch-On Industries Private Limited, buy the company report.
Recent activity
Switch-On Industries Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Parul Bipinchandra Shah ceased to be Director on 26 Sep 2022.
AGM
Switch-On Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Switch-On Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Others amounted to Rs. 392.00 Lakh with Charge ID 100947947 was registered on 08 Jun 2024.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 108.96 Lakh with Charge ID 100721977 was registered on 11 Apr 2023.
Ceased
Parul Bipinchandra Shah ceased to be Director.
Appointed
Bipin Chinubhai Shah was appointed as Director.
Appointed
Parul Bipinchandra Shah was appointed as Director.
Appointed
Tejas Bipin Shah was appointed as Director.
Incorporation
16 Dec 2021
Switch-On Industries Private Limited was registered on 16 Dec 2021 with Roc Mumbai Ii & aged 4 years 10 months as per MCA records.
Frequently asked questions
Switch-On Industries is an active private limited company based in Vasai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 16 December 2021 (5+ years old) and is registered under CIN U36999MH2021PTC373454.
Switch-On Industries has 2 current directors:
- Bipin Chinubhai Shah - Director
- Tejas Bipin Shah - Director
The latest financial statements of Switch-On Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Switch-On Industries is 27ABHCS5067L1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Switch-On Industries is U36999MH2021PTC373454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Switch-On Industries was incorporated on 16 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Switch-On Industries by revenue are Neuation Technologies Private Limited, Europlak SV Cucine India Limited, Samudra Electronic System Private Limited, Modern Electrofab Private Limited, Videomax International Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Parul Bipinchandra Shah ceased to be Director on 26 Sep 2022. Bipin Chinubhai Shah was appointed as Director on 16 Dec 2021. Parul Bipinchandra Shah was appointed as Director on 16 Dec 2021. Switch-On Industries has 4 board changes on record in total.
Yes, Switch-On Industries is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0045941).
The registered office of Switch-On Industries is at Gala No.27 First Floor Meghdoot Estate Vasai East – 401208, Maharashtra, India – 401208.
Switch-On Industries operates in the consumer electronics and durables industry, in the electronics manufacturing segment.
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