Ujaas Energy Ltd

BSE: 533644 | NSE: UJAAS | ISIN: INE899L01022 
Market Cap: [Rs.Cr.] 576 | Face Value: [Rs.] 1
Industry: Electric Equipment

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Company Profile

M and B Switchgears Ltd, an ISO 9001:2008 & ISO 14001:2004 Certified Company, is engaged in manufacturing of distribution transformers, power transformers, furnace transformers and special purpose transformers. The company is a preferred and regular supplier of quality transformers. They manufacture transformers up to 25 MVA capacity at 132 KV class, Automatic Voltage Controllers. The company has an installed capacity to manufacture 5109 transformers of different capacities & class. The company is having two manufacturing units, one situated at 2 - D /2, Sector D, Sanwer Road Industrial Area, Indore and the other situated at Survey No. 211/1, Opposite Sector-C and Metalman, Sanwer Road, Industrial Area, Indore (MP). Their manufacturing units are equipped to manufacture various transformers with a capacity ranging up to 25,000 KVA at 132 KV. The company is mainly selling their products to various State Electricity Boards, Public Sector Undertakings, Private sector companies engaged in Generation and Distribution Electricity and other Industrial undertakings engaged in Steel, Power, Textile, Coal & Mine, Infrastructure, Engineering & Automobile Sectors etc. The company has one wholly owned subsidiary company namely, Proximo Energy Concept Pvt Ltd. M and B Switchgears Ltd was incorporated on June 09, 1999 as a private limited company with the name M and B Switchgears Pvt Ltd. The company was established by converting partnership firm, M and B Switchgears. The company is promoted by Shyam Sunder Mundra, Vikalp Mundra and Anurag Mundra. Initially one of the promoters, Shyam Sunder Mundra had started the transformer business in 1979 as a sole proprietorship concern in the name of M & B Switchgears. Thereafter the proprietorship concern was converted into a partnership concern in April 1, 1995 and further into a corporate entity under the name M and B Switchgears Pvt Ltd on June 9, 1999. Thus, the company was formally incorporated. In June 1999, the company added new products namely Power Transformers and Core Coil Assembly. They increased the manufacturing capacity of Distribution Transformers from 250 KVA to 315 KVA. In July 2005, the company increased the manufacturing capacity from 10 KVA to 500 KVA of Distribution Transformers and 630 KVA to 5,000 KVA of Power Transformers with an annual quantitative capacity increased to 744 Distribution Transformers and 48 Power Transformers. In August 2007, the company added new products namely Dry Type Transformer, Unitised substation/ Transportable substation and Flame Proof Tran switch unit with an annual quantitative capacity of 45 units each. They increased the manufacturing capacity to 10,000 KVA of Power Transformers with an annual quantitative capacity increased to 135 units. Also, they increased the annual quantitative capacity of Distribution Transformers to 1575 units. In January 2010, the company received ISO-9001 2008 certification from Alberk QA International Technical Control and Certification Ltd for design, development, manufacturing, erection and commissioning of power and distribution of transformers. In May 2010, the company increased the annual quantitative capacity of Distribution Transformers, Power Transformers, Dry Type Transformer, Unitised substation/ Transportable substation and Flame Proof Tran switch unit to 2,880, 240 and 48 units respectively. With this expansion our annual capacity increased to the current level of 5,109 numbers of transformers per annum and the same is in line with DIC certification. The company added new products namely Booster Transformers and Furnace Transformers with qualitative capacity of 5 MVA and 25 MVA respectively and an annual quantitative capacity of 48 units each In November 19, 2010, the company was converted into a public limited company and the name was changed to M and B Switchgears Ltd. In December 2010, the company received ISO 14001:2004 certification from QA Certification Services Private Limited for manufacturing, erection and commissioning of power and distribution of transformers In August 23, 2001, the company incorporated a wholly owned subsidiary company namely Proximo Energy Concept Pvt Ltd, with the object to deal, manufacture, erect, generate, receive, produce, improve, buy, sell etc in all types of energy equipment and to carry on, manage, supervise and control the business of transmitting, manufacturing, supplying, generating, distributing, dealing and trading in energy, power, electricity and all forms of energy and power generated. The company is in the process of setting up 2 MWp solar power project over a land area of 4.06 hectare at Survey No 13/1/1 Village Gagorni, Tehsil and District, Rajghar, Madhya Pradesh. They also propose to set up new grid connected 4 MWp solar photovoltaic power plant at Village Gagorni, Distt. Rajghar, Madhya Pradesh.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
B H E L 55,523.81 16.02 1.68 3.53 23.7 23.4 0.03
Siemens 32,036.54 173.34 7.95 32.11 4.4 5.2 0.00
A B B 22,060.91 112.55 8.24 30.47 6.7 12.5 0.18
Havells India 15,440.86 34.20 7.25 16.30 23.9 28.4 0.08
Crompton Greaves 12,138.48 24.27 3.63 11.45 16.3 22.9 0.01
Alstom T&D India 8,569.99 65.76 6.87 19.03 10.9 17.1 0.42
Suzlon Energy 6,389.26 0.00 2.28 0.00 0.0 0.0 2.09
ALSTOM India 3,644.54 26.26 3.94 6.60 18.1 22.6 0.00
Schneider Elect. 3,340.23 0.00 29.41 65.60 0.0 0.0 0.91
Triveni Turbine 3,073.69 48.26 16.97 20.69 42.4 59.9 0.03
V-Guard Inds. 2,205.02 32.50 6.92 11.73 24.2 26.1 0.47
Techno Elec. 1,647.62 24.01 2.64 6.90 11.7 11.0 0.31
Apar Inds. 1,323.56 20.81 2.18 3.94 11.8 17.4 1.52
TD Power Sys. 1,130.66 33.25 2.32 9.66 8.0 12.3 0.07
Matra Kaushal 1,004.47 0.00 48.82 0.00 0.0 0.0 0.01

Futures & Options Quote

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Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

Shyam Sunder Mundra , Chairman & Managing Director 

Vikalp Mundra , Whole-time Director 

Anurag Mundra , Whole-time Director 

Aarti Jhaveri , Independent Director 

Company Head Office / Quarters:
Survey No 211/1 Sanwer Road,
Opp Sec-C & Metalman Indl Area,
Madhya Pradesh-452015
Phone : 91-731-2722388/2721672
Fax : 91-731-2721693
E-mail : info@mbswitch.com
Web : http://www.mbswitch.com
Big Share Services Pvt Ltd
E-2/3 Saki Vihar Rd
Ansa Indl Estate
Saki Naka Andheri-E
Mumbai - 400 072

Fund Holding

Scheme Name No. of Shares
No data found


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