MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-09-0001337
Topline Switchgear Private Limited - energy and power in Kalol, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹154.52 Cr
▲ 51% YoY
Net profit · FY 2025
₹9.83 Cr
Net margin 6.4%
EBITDA · FY 2025
₹20.79 Cr
EBITDA margin 13.5%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹27.59 Lakh
Issued & subscribed
Open charges
₹126.56 Cr
Satisfied ₹4.58 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
16
Provident fund records
About Topline Switchgear Private Limited
Data last updated:
Topline Switchgear Private Limited is a private limited company based in Kalol, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 12 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31200GJ2006PTC048444. Its GSTIN is 24AACCT4765C1ZJ (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27.59 Lakh. It is led by directors including Muliben Manilal Patel and Shailesh Manilal Patel.
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 Survey No. 797/1P, Opp. Ridhi Plastic Vadsar – Kalol Road, Gujarat, India – 382721.
As per the financials filed for FY 2025, the company reported a revenue of ₹154.52 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹9.83 Cr (net margin 6.4%) and EBITDA of ₹20.79 Cr (EBITDA margin 13.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 28% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹126.56 Cr and satisfied charges of ₹4.58 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.31 Cr; the latest was in July 2020.
Topline Switchgear Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0001337). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website toplineswitchgear.com.
Company details
CIN U31200GJ2006PTC048444
Registration Number 048444
Incorporation Date 12 June 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-09-0001337
Key People
Muliben Manilal Patel Director Shailesh Manilal Patel Director Jitendra Manilal Patel Director Recognitions & Rankings of Topline Switchgear
Contact details
Topline Switchgear Private Limited's registered office is in Kalol, Gujarat. Its website is toplineswitchgear.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 797/1P, Opp. Ridhi Plastic Vadsar – Kalol Road, Gujarat, India – 382721
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Topline Switchgear Private Limited, buy the company report.
Comprehensive company report
Topline Switchgear 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 Topline Switchgear is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Topline Switchgear Private Limited, buy the company report.
Financials of Topline Switchgear Private Limited
FY 2025 filings availableTopline Switchgear Private Limited reported revenue of ₹154.52 Cr (up 51% YoY) for FY 2025.
Revenue · FY 2025
₹154.52 Cr ▲ 51%
Net profit · FY 2025
₹9.83 Cr margin 6.4%
EBITDA · FY 2025
₹20.79 Cr margin 13.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 51%
3 years · compounded
▲ 20%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 156%
3 years · compounded
▲ 69%
5 years · compounded
▲ 54%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 51% growth in the latest year. EBITDA rose 156% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹20.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.83 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.5% | ||||
| Net Profit Margin | 6.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Topline Switchgear Private Limited, buy the company report.
Board of directors of Topline Switchgear Private Limited
Topline Switchgear has 6 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 |
|---|---|---|---|---|
| Muliben Manilal Patel | Director | 12 Jun 2006 | 20 Years 4 Months | Current |
| Shailesh Manilal Patel Also directs: Saptak Infrastructures LLP, Shilp Gravures Limited | Director | 12 Jun 2006 | 20 Years 4 Months | Current |
| Jitendra Manilal Patel | Director | 03 Dec 2015 | 10 Years 10 Months | Current |
| Himanshu Vinodray Vyas | Director | 12 Jun 2006 | 20 Years 4 Months | Current |
| Karneek Himanshu Vyas | Director | 27 Dec 2024 | 1 Years 10 Months | Current |
| Dhruvin Shaileshkumar Patel | Director | 27 Dec 2024 | 1 Years 10 Months | Current |
Auditor
Topline Switchgear Private Limited is audited by NALIN K THAKKAR & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NALIN K THAKKAR & CO | FY 2022 | 116546W |
Shareholding
The shareholding of Topline Switchgear Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Topline Switchgear Private Limited, buy the company report.
Charges & borrowings
Open charges
₹126.56 Cr
Satisfied charges
₹4.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2025 | 101063244 | Sidbi | ₹2 Cr | Open | |
| 29 Mar 2024 | 100904848 | Sidbi | ₹2 Cr | Open | |
| 26 Mar 2024 | 100890164 | Sidbi | ₹2 Cr | Open | |
| 09 Feb 2023 | 100690434 | Sidbi | ₹61.87 Cr | Open | |
| 24 Nov 2021 | 100501975 | Sidbi | ₹3.16 Cr | Open |
To see the full charge records of Topline Switchgear Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Topline Switchgear Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.31 Cr; the latest was in July 2020.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹3.31 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Funding round | ₹3.05 Cr | Investors: 4 individuals |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2011 | Funding round | ₹12 Lakh | Investors: 3 individuals |
| Mar 2007 | Funding round | ₹14 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Topline Switchgear Private Limited has 3 court cases on record: 2 filed by Topline Switchgear, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed against the company by Union of India Revenue Secretary 128-A, North Block, New Delhi , , Delhi and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Nish Techno Project Pvt Ltd | Disposed |
To see the full case history of Topline Switchgear 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 Topline Switchgear Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Topline Switchgear Private Limited has a workforce of 16 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-11.11%
GST
Topline Switchgear has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCT4765C1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Topline Switchgear Private Limited, buy the company report.
Recent activity
Topline Switchgear Private Limited has 8 board changes on record since 2006: 6 appointments and 2 cessations. The latest: Dhruvin Shaileshkumar Patel ceased to be Additional Director on 29 Sep 2025.
AGM
Topline Switchgear Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Dhruvin Shaileshkumar Patel ceased to be Additional Director.
Ceased
Karneek Himanshu Vyas ceased to be Additional Director.
Charges
A charge with Sidbi of Rs. 6,187.00 Lakh registered on 09 Feb 2023 with Charge ID 100690434 was modified on 11 Jun 2025.
Filing
Topline Switchgear Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Sidbi amounted to Rs. 200.00 Lakh with Charge ID 101063244 was registered on 13 Mar 2025.
Charges
A charge with Axis Bank Limited of Rs. 4,197.60 Lakh registered on 25 Jan 2014 with Charge ID 10477033 was modified on 30 Jan 2025.
Appointed
Dhruvin Shaileshkumar Patel was appointed as Director.
Appointed
Karneek Himanshu Vyas was appointed as Director.
Charges
A charge with Sidbi amounted to Rs. 200.00 Lakh with Charge ID 100904848 was registered on 29 Mar 2024.
Charges
A charge with Sidbi amounted to Rs. 200.00 Lakh with Charge ID 100890164 was registered on 26 Mar 2024.
Charges
A charge with Sidbi amounted to Rs. 6,187.00 Lakh with Charge ID 100690434 was registered on 09 Feb 2023.
25 earlier events are in the company report.
Frequently asked questions
Topline Switchgear is an active private limited company based in Kalol, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 12 June 2006 (20+ years old) and is registered under CIN U31200GJ2006PTC048444.
Topline Switchgear has 6 current directors:
- Muliben Manilal Patel - Director
- Shailesh Manilal Patel - Director
- Jitendra Manilal Patel - Director
- Himanshu Vinodray Vyas - Director
- Karneek Himanshu Vyas - Director
- Dhruvin Shaileshkumar Patel - Director
The latest financial statements of Topline Switchgear 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 2015 are in the company report.
The GSTIN of Topline Switchgear is 24AACCT4765C1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Topline Switchgear is U31200GJ2006PTC048444. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topline Switchgear has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Topline Switchgear was incorporated on 12 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Topline Switchgear has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.31 Cr; the latest was in July 2020.
Dhruvin Shaileshkumar Patel ceased to be Additional Director on 29 Sep 2025. Karneek Himanshu Vyas ceased to be Additional Director on 29 Sep 2025. Dhruvin Shaileshkumar Patel was appointed as Director on 27 Dec 2024. Topline Switchgear has 8 board changes on record in total.
Yes, Topline Switchgear is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-09-0001337).