About Swastik Ispat Private Limited
Data last updated:
Swastik Ispat Private Limited is a private limited company based in Rourkela, Odisha, India, a subsidiary of Lambodar Goods & Supply Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 May 2003.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR2003PTC007161. Its GSTIN is 21AAHCS4565L1Z4 (Odisha).
The company has an authorised share capital of ₹16.5 Cr and a paid-up capital of ₹4.86 Cr. It is led by directors including Amit Gupta and Payal Agarwal (Irp/Rp/Liquidator).
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 Plant Side Road, Rourkela, Odisha, India – 769001.
As per the financials filed for FY 2024, the company reported a revenue of ₹64.32 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹16.04 Cr (net margin -24.9%) and EBITDA of -₹13.33 Cr (EBITDA margin -20.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 3% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.46 Cr and satisfied charges of ₹91.21 Lakh on record. Court records list 29 cases involving the company, including 21 filed by the company and 8 filed against it; 6 cases are pending.
The last known website on record is swastik-ispat-pvt-ltd.business.site.
Company details
Contact details
Swastik Ispat Private Limited's registered office is in Rourkela, Odisha. Its website is swastik-ispat-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlant Side Road, Rourkela, Odisha, India – 769001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Swastik Ispat Private Limited, buy the company report.
- 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
Business activity
The main business activity of Swastik Ispat is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Swastik Ispat Private Limited, buy the company report.
Financials of Swastik Ispat Private Limited
FY 2024 filings availableSwastik Ispat Private Limited reported revenue of ₹64.32 Cr (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 14% growth in the latest year. EBITDA fell 222% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹13.33 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹16.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.7% | ||||
| Net Profit Margin | -24.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Swastik Ispat Private Limited, buy the company report.
Board of directors of Swastik Ispat Private Limited
Swastik Ispat has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Gupta Also directs: Pingle Alloys Private Limited, Bajrang Engineers Pvt Ltd, Shavaria Trade-Com Private Limited and 3 more | Director | 18 Mar 2020 | 6 Years 7 Months | As last reported |
| Payal Agarwal | Irp/Rp/Liquidator | 08 Jul 2025 | 1 Years 3 Months | As last reported |
| Anu Gupta | Additional Director | 09 Feb 2024 | 2 Years 8 Months | As last reported |
| Rajesh Kumar Bagaria Also directs: Swastik Infocity Private Limited | Director | 27 Feb 2014 | 12 Years 8 Months | As last reported |
| Anil Kumar Bagaria | Director | 24 Oct 2015 | 11 Years 0 Months | As last reported |
Peer comparison
Swastik Ispat Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marotia Steel & Alloys Private Limited | ₹64.64 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Makers Casting Private Limited | ₹64.35 Cr (FY 2025) | -24.0% | Howrah, West Bengal, India | |||
| Maa Foundry Private Limited | ₹64.34 Cr (FY 2024) | 3.0% | Rourkela, Odisha, India | |||
| Swastik Ispat Private Limitedthis company | ₹64.32 Cr (FY 2024) | -₹16.04 Cr | -24.9% | 14.0% | 42 | Rourkela, Odisha, India |
| Sarvottam Alloys Private Ltd. | ₹64.17 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Dharnendra Steelmet Private Limited | ₹64.01 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Hiral Ispat Private Limited | ₹63.97 Cr (FY 2024) | 4.0% | Thane, Maharashtra, India | |||
| Akshay Steel Works Pvt. Ltd. | ₹63.95 Cr (FY 2024) | 22.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Swastik Ispat Private Limited, buy the company report.
Auditor
Swastik Ispat Private Limited is audited by R.K KHEMANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.K KHEMANI & CO | FY 2023 | 320311E |
Shareholding
The shareholding of Swastik Ispat Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swastik Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2003 | 90082037 | Indian Overseas Bank | ₹15.46 Cr | Open | |
| 18 Nov 2013 | 10470739 | Indusind Bank Ltd. | ₹13.35 Lakh | Satisfied | |
| 29 Sep 2012 | 10386678 | Indusind Bank Ltd. | ₹17.86 Lakh | Satisfied | |
| 23 Jul 2012 | 10376323 | Indusind Bank Ltd. | ₹10 Lakh | Satisfied | |
| 04 Aug 2008 | 10116211 | Small Industries Development Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of Swastik Ispat Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Swastik Ispat Private Limited has 29 court cases on record: 21 filed by Swastik Ispat, 8 filed against it. 6 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 3 | 3 |
| District courts | 10 | 4 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Writ petition | Filed by the company against Shivom Minerals Limited,Sundargarh and 3 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against M/S. Vishal Ferro Alloys Ltd. and 2 others | Disposed |
| High Court | Arbitration matter | Filed by the company against M/S.Vishal Ferro Alloys Ltd. | Disposed |
| High Court | Arbitration matter | Filed against the company by Magma Fincorp Limited | Disposed |
To see the full case history of Swastik Ispat 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.
Credit ratings & regulatory alerts
Swastik Ispat Private Limited was last rated by Crisil on 18 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Jun 2020 |
To see the full credit ratings and regulatory alerts of Swastik Ispat Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swastik Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Swastik Ispat Private Limited has a workforce of 42 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Swastik Ispat has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAHCS4565L1Z4 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swastik Ispat Private Limited, buy the company report.
Recent activity
Swastik Ispat Private Limited has 12 board changes on record since 2011: 5 appointments and 7 cessations. The latest: Payal Agarwal was appointed as Irp/Rp/Liquidator on 08 Jul 2025.
13 earlier events are in the company report.
Frequently asked questions
Swastik Ispat is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Swastik Ispat is a company under insolvency, formerly operating as a private limited company based in Rourkela, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 May 2003 and is registered under CIN U27102OR2003PTC007161. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Swastik Ispat has 5 current directors:
- Amit Gupta - Director
- Anu Gupta - Additional Director
- Rajesh Kumar Bagaria - Director
- Anil Kumar Bagaria - Director
- Payal Agarwal - Irp/Rp/Liquidator
The latest financial statements of Swastik Ispat 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 CIN (Corporate Identification Number) of Swastik Ispat is U27102OR2003PTC007161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastik Ispat has open charges of ₹15.46 Cr and satisfied charges of ₹91.21 Lakh as per latest MCA filings.
Swastik Ispat has 29 court cases on record: 21 filed by the company and 8 filed against it. 6 are pending. Most are in the high courts.
Swastik Ispat was incorporated on 14 May 2003. It is registered with the Registrar of Companies, Cuttack.
The peers of Swastik Ispat by revenue are Marotia Steel & Alloys Private Limited, Makers Casting Private Limited, Maa Foundry Private Limited, Sarvottam Alloys Private Ltd, Dharnendra Steelmet Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Payal Agarwal was appointed as Irp/Rp/Liquidator on 08 Jul 2025. Anu Gupta was appointed as Additional Director on 09 Feb 2024. Akash Gupta ceased to be Additional Director on 31 Dec 2020. Swastik Ispat has 12 board changes on record in total.
Swastik Ispat can be reached through the website swastik-ispat-pvt-ltd.business.site. Its registered office is in Rourkela, Odisha, India.
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