MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-02-0003796
Ultima Switchgears Limited - energy and power in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹92.11 Cr
▲ 20% YoY
Net profit · FY 2025
₹3.94 Cr
Net margin 4.3%
EBITDA · FY 2025
₹6.74 Cr
EBITDA margin 7.3%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.92 Cr
Issued & subscribed
Open charges
₹26 Cr
Satisfied ₹22.84 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
51
Provident fund records
About Ultima Switchgears Limited
Data last updated:
Ultima Switchgears Limited is a public limited company based in Delhi, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 16 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U32109DL1997PLC084513. Its GSTIN is 07AAACU1741K1ZD (Delhi). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.92 Cr. It was formerly known as Ultima Switchgears Private Limited and Ultima Switchgears & Project Pvt Ltd. It is led by directors including Dharamvir Parmar (Managing Director) and Vanshdeep Parmar (Whole-Time Director).
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 B – 3 (Basement) Dda Local Shopping Complex Mayur Vihar Phase – I, Delhi, India – 110091.
As per the financials filed for FY 2025, the company reported a revenue of ₹92.11 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹3.94 Cr (net margin 4.3%) and EBITDA of ₹6.74 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 26% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ultima Switchgears. As per MCA filings, the company has open charges of ₹26 Cr and satisfied charges of ₹22.84 Cr on record. Court records list 19 cases involving the company, including 8 filed by the company and 11 filed against it; 3 cases are pending.
Ultima Switchgears Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-02-0003796). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ultimaswitchgear.com.
Company details
CIN U32109DL1997PLC084513
Registration Number 084513
Incorporation Date 16 January 1997
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-02-0003796
Name history
Ultima Switchgears has undergone 2 name changes throughout its history. The company was previously known as Ultima Switchgears Private Limited, and Ultima Switchgears & Project Pvt Ltd. The current legal name is Ultima Switchgears Limited.
| Company Name | Status |
|---|---|
| Ultima Switchgears Limited | Current |
| Ultima Switchgears Private Limited | Previous |
| Ultima Switchgears & Project Pvt Ltd | Previous |
CIN history
Ultima Switchgears has one previous CIN (Corporate Identification Number): U32109DL1997PTC084513. The current CIN is U32109DL1997PLC084513, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109DL1997PLC084513 | Current |
| U32109DL1997PTC084513 | Previous |
Key People
Dharamvir Parmar Managing Director Vanshdeep Parmar Whole-Time Director Vandana Parmar Whole-Time Director Recognitions & Rankings of Ultima Switchgears
Contact details
Ultima Switchgears Limited's registered office is in Delhi, Delhi. Its website is ultimaswitchgear.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 3 (Basement) Dda Local Shopping Complex Mayur Vihar Phase – I, Delhi, India – 110091
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Ultima Switchgears Limited, buy the company report.
Comprehensive company report
Ultima Switchgears 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
Ultima Switchgears operates one associated brand: Ultima Switchgears. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of electrical switchgears and turnkey projects in the power sector. | ultimaswitchgear.com |
Business activity
The main business activity of Ultima Switchgears is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Ultima Switchgears Limited, buy the company report.
Financials of Ultima Switchgears Limited
FY 2024 filings availableUltima Switchgears Limited reported revenue of ₹92.11 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹92.11 Cr ▲ 20%
Net profit · FY 2025
₹3.94 Cr margin 4.3%
EBITDA · FY 2025
₹6.74 Cr margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 24%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 38%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 20% growth in the latest year. EBITDA rose 16% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.94 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 7.3% | ||||
| Net Profit Margin | 4.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Ultima Switchgears Limited, buy the company report.
Board of directors of Ultima Switchgears Limited
Ultima Switchgears has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vanshdeep Parmar Also directs: Focus Infrabuild Limited | Whole-Time Director | 25 Jun 2020 | 6 Years 4 Months | Current |
| Vandana Parmar Also directs: Focus Infrabuild Limited | Whole-Time Director | 10 May 2004 | 22 Years 5 Months | Current |
| Dharna Khosla Also directs: Focus Infrabuild Limited | Whole-Time Director | 21 Jun 2003 | 23 Years 4 Months | Current |
| Dharamvir Parmar Also directs: Focus Infrabuild Limited | Managing Director | 10 Sep 2011 | 15 Years 1 Months | Current |
Auditor
Ultima Switchgears Limited is audited by AVAN & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AVAN & Associates | FY 2024 | 017195N |
Shareholding
The shareholding of Ultima Switchgears 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 Ultima Switchgears Limited, buy the company report.
Charges & borrowings
Open charges
₹26 Cr
Satisfied charges
₹22.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2021 | 100416539 | Karnataka Bank Ltd. | ₹26 Cr | Open | |
| 13 Jul 2021 | 100466567 | Karnataka Bank Ltd. | ₹80 Lakh | Satisfied | |
| 27 Oct 2017 | 100135799 | Vijaya Bank | ₹11.25 Lakh | Satisfied | |
| 22 Mar 2013 | 10420363 | Vijaya Bank | ₹2.5 Cr | Satisfied | |
| 29 Oct 2012 | 10391862 | Vijaya Bank | ₹93 Lakh | Satisfied |
To see the full charge records of Ultima Switchgears Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Ultima Switchgears Limited has 19 court cases on record: 8 filed by Ultima Switchgears, 11 filed against it. 3 cases are pending and 16 are disposed.
Total cases
19
Filed by the company
8
Filed against the company
11
Pending
3
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 10 | 1 |
| High courts | 5 | 1 | 2 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Lycast Technology Pvt Limited | Disposed |
| High Court of Delhi | Appeal | Filed by the company against an individual | Pending |
| Allahabad High Court | Court case (WTAX) | Filed by the company against State of U.P. and 2 Others | Pending |
| District court, East, Delhi | Court case (Civ Suit) | Filed against the company by an individual | Pending |
| Allahabad High Court | Court case (WTAX) | Filed by the company against State of U.P. and 2 Others | Disposed |
To see the full case history of Ultima Switchgears 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 Ultima Switchgears Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ultima Switchgears Limited has a workforce of 51 employees on its EPFO records as of Mar 10, 2025, across 2 active EPFO establishments.
Employee count
51
Active EPFO establishments
2
Employee growth
13.33%
GST
Ultima Switchgears has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACU1741K1ZD | Delhi | Active | 01 Jul 2017 |
| 02AAACU1741K1ZN | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AAACU1741K1ZH | Uttarakhand | Active | 01 Jul 2017 |
| 09AAACU1741K1Z9 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ultima Switchgears Limited, buy the company report.
Recent activity
Ultima Switchgears Limited has 9 board changes on record since 2003: 4 appointments and 5 cessations. The latest: Vanshdeep Parmar ceased to be Additional Director on 31 Dec 2020.
Charges
A charge with Karnataka Bank Ltd. of Rs. 26.00 Cr registered on 21 Jan 2021 with Charge ID 100416539 was modified on 23 Jan 2025.
AGM
Ultima Switchgears Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ultima Switchgears Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge registered on 13 Jul 2021 via Charge ID 100466567 with Karnataka Bank Ltd. was fully satisfied on 03 Feb 2023.
Charges
A charge registered on 27 Oct 2017 via Charge ID 100135799 with Vijaya Bank was fully satisfied on 29 Sep 2021.
Charges
A charge registered on 22 Mar 2013 via Charge ID 10420363 with Vijaya Bank was fully satisfied on 29 Sep 2021.
Charges
A charge registered on 29 Oct 2012 via Charge ID 10391862 with Vijaya Bank was fully satisfied on 29 Sep 2021.
Charges
A charge registered on 13 Feb 2007 via Charge ID 10039243 with Vijaya Bank was fully satisfied on 29 Sep 2021.
Charges
A charge registered on 13 Feb 2007 via Charge ID 10039241 with Vijaya Bank was fully satisfied on 29 Sep 2021.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 0.80 Cr with Charge ID 100466567 was registered on 13 Jul 2021.
Charges
A charge registered on 13 Feb 2007 via Charge ID 10039245 with Vijaya Bank was fully satisfied on 15 Feb 2021.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 26.00 Cr with Charge ID 100416539 was registered on 21 Jan 2021.
19 earlier events are in the company report.
Frequently asked questions
Ultima Switchgears is an active public limited company based in Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 16 January 1997 (29+ years old) and is registered under CIN U32109DL1997PLC084513.
Ultima Switchgears has 4 current directors:
- Dharamvir Parmar - Managing Director
- Vanshdeep Parmar - Whole-Time Director
- Vandana Parmar - Whole-Time Director
- Dharna Khosla - Whole-Time Director
The latest financial statements of Ultima Switchgears 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 2015 are in the company report.
The GSTIN of Ultima Switchgears is 07AAACU1741K1ZD, registered in Delhi. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 02AAACU1741K1ZN (Himachal Pradesh), 05AAACU1741K1ZH (Uttarakhand), 09AAACU1741K1Z9 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ultima Switchgears is U32109DL1997PLC084513. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultima Switchgears has 19 court cases on record: 8 filed by the company and 11 filed against it. 3 are pending. Most are in the district courts.
Ultima Switchgears was incorporated on 16 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
Vanshdeep Parmar ceased to be Additional Director on 31 Dec 2020. Vanshdeep Parmar was appointed as Whole-Time Director on 25 Jun 2020. Dharna Khosla ceased to be Director on 15 Mar 2012. Ultima Switchgears has 9 board changes on record in total.
Yes, Ultima Switchgears is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-02-0003796).
Ultima Switchgears can be reached through the website ultimaswitchgear.com. Its registered office is in Delhi, India.
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