About Swastik Solar
Swastik Solar is an Energy & Utilities company based in Rajnandgaon (India) founded in 2013. It offers comprehensive solar products like inverters, panels, and water heaters for energy solutions. It operates on a B2B model. Its Indian entity Swastik Solar Pvt Ltd reported revenue of ₹1.08 Cr. Its focus areas include Energy, Renewable Energy, Solar Solutions and Product Distribution. Its competitors include Borosil Renewables, Servoteh and Nessa; 1 of its 3 listed competitors has raised funding.
Company details
Swastik Solar offers comprehensive solar products like inverters, panels, and water heaters for energy solutions through working in the energy sector, promoting renewable energy, solar solutions, and product distribution. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Rajnandgaon, India
- SectorsEnergy & Utilities
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- Website swastiksolar.co.in
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- Legal Name Swastik Solar Pvt Ltd
- Date of Incorporation 07 Feb, 2006
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹1.08 Cr
FY 2024 · +557% YoY
- Net Profit₹15.4 Lakh
FY 2024 · 14% margin
- EBITDA₹18.6 Lakh
FY 2024 · 17% margin
Associated legal entities of Swastik Solar
Swastik Solar operates through Swastik Solar Pvt Ltd (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Swastik Solar Pvt Ltd CIN U29307WB2006PTC107760 | Amalgamated | 07 Feb 2006 | Kolkata, West Bengal | ₹1.1 Cr | 2 | View details |
Board of directors of Swastik Solar Pvt Ltd (Swastik Solar)
Swastik Solar Pvt Ltd is the primary company behind Swastik Solar. The board of Swastik Solar Pvt Ltd currently have 2 directors; the longest-serving is Sunil Bagri, appointed in 2006. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunil Bagri DIN 00724607 | Director | 07 Feb 2006 | 20 yrs 9 mo | Swastik Solar Pvt Ltd |
| Vedant Bagri DIN 08547640 | Director | 28 Aug 2019 | 7 yrs 2 mo | Swastik Solar Pvt Ltd |
Financials of Swastik Solar
Figures of Swastik Solar Pvt Ltd, the primary company behind Swastik Solar, for FY 2024. Revenue was ₹1.08 Cr (+557% year on year). Net profit was ₹15.4 Lakh (14% margin). EBITDA was ₹18.6 Lakh (17% margin). Revenue has grown at a compounded annual rate of -24% over three years and -14% over five years.
- ₹1.08 CrRevenue · FY 2024 · +557% YoY
- ₹15.4 LakhNet profit · 14% margin
- ₹18.6 LakhEBITDA · 17% margin
- ₹7.1 LakhPaid-up capital
- -24%Revenue CAGR, 3 years
- -14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Swastik Solar Pvt Ltd are on its company page.
Detailed financial statements for Swastik Solar
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Competitors of Swastik Solar
Swastik Solar has 3 listed competitors in our database, 1 of them funded. They include Borosil Renewables, Servoteh and Nessa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | ||
| servotech.in | 2004 | Delhi, India | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | ||
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods |
Detailed competitors of Swastik Solar
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Swastik Solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Swastik Solar
Swastik Solar was founded in 2013.
Swastik Solar is headquartered in Rajnandgaon, India. It is registered at Rajnandgaon, Chhattisgarh, India.
The primary company behind Swastik Solar, Swastik Solar Pvt Ltd, reported revenue of ₹1.08 Cr for FY 2024, up 557% year on year.
Swastik Solar offers comprehensive solar products like inverters, panels, and water heaters for energy solutions through working in the energy sector, promoting renewable energy, solar solutions, and product distribution. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Swastik Solar's top competitors include Servoteh, Borosil Renewables and Nessa.
Swastik Solar operates through Swastik Solar Pvt Ltd.
The legal entities of Swastik Solar currently have 2 directors, including Sunil Bagri, Vedant Bagri.