About Shashwat Systems Private Limited
Data last updated:
Shashwat Systems Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 27 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28133GJ2002PTC040516. Its GSTIN is 24AAGCS2125P1Z7 (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Siddhant Subhashbhai Parikh and Veena Subhash Parikh.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.94 Lakh, a growth of 131% compared to the previous year. For the same year it recorded a net loss of ₹18.84 Lakh (net margin -46%) and EBITDA of ₹13.98 Lakh (EBITDA margin 34.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 10% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.51 Cr and satisfied charges of ₹2.14 Cr on record. Court records list 16 cases involving the company, including 16 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shashwatsystems.com.
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- Website
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- Registered AddressC – 1109 Titanium City Center 100Ft Road Nr. Ioc Petrol Pump. Satellite Ahmedaba, D, Ahmedabad, Gujarat, India – 380015
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Shashwat Systems Private Limited
The main business activity of Shashwat Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Shashwat Systems Private Limited FY 2025 filings available
Shashwat Systems Private Limited reported revenue of ₹40.94 Lakh (up 131% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Shashwat Systems Private Limited
Revenue rose 131% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 49% 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 of Shashwat Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.84 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Shashwat Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -46% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Shashwat Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Shashwat Systems Private Limited
Shashwat Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Hydraulic Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Expectra Mechanical Machine Private Limited | ₹45.8 Lakh (FY 2017) | •••• | •••• | -36.0% | •••• | Bhilai, Chhattisgarh, India |
| Jayas Hydraulic Industries Private Limited | ₹45.08 Lakh (FY 2024) | •••• | •••• | •••• | Raipur, Chhattisgarh, India | |
| Sha Hydraulics Private Limited | ₹44.08 Lakh (FY 2018) | •••• | •••• | -19.0% | •••• | Coimbatore, Tamil Nadu, India |
| Tulasi Hydraulic Private Limited | ₹43.84 Lakh (FY 2025) | •••• | •••• | -46.0% | •••• | Navi Mumbai, Maharashtra, India |
| Kse Hydrohub Private Limited | ₹41.03 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Rajkot, Gujarat, India |
| Shashwat Systems Private Limited this company | ₹40.94 Lakh (FY 2024) | •••• | •••• | 131.0% | •••• | Ahmedabad, Gujarat, India |
| Shree Saikrupa Hydraulics (Gujarat) Private Limited | ₹40.62 Lakh (FY 2025) | •••• | •••• | -68.0% | •••• | Naroda, Gujarat, India |
| Vixtec Industries Private Limited | ₹40 Lakh (FY 2025) | •••• | •••• | •••• | Bavla, Gujarat, India | |
| Sunkov Drives & Controls Private Limited | ₹39.44 Lakh (FY 2024) | •••• | •••• | 779.0% | •••• | Coimbatore, Tamil Nadu, India |
| Eastman Hydroquipments Private Limited | ₹37.11 Lakh (FY 2024) | •••• | •••• | -80.0% | •••• | Kolkata, West Bengal, India |
| RPDS Innovations Private Limited | ₹36.91 Lakh (FY 2025) | •••• | •••• | -66.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Shashwat Systems by revenue in the Machinery and Equipment industry (Hydraulic Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shashwat Systems Private Limited
Shashwat Systems Private Limited is audited by GOYAL BAID & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOYAL BAID & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Shashwat Systems Private Limited
Shashwat Systems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddhant Subhashbhai Parikh | Director | 16 Feb 2013 | 13 Years 7 Months | Current |
| Veena Subhash Parikh Also directs: Shiromani Hydraulics Private Limited, Desai Metalinks Limited | Director | 27 Feb 2002 | 24 Years 7 Months | Current |
Ownership and Shareholding of Shashwat Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shashwat Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Apr 2018 | Others | ₹1.2 Cr | Open |
| 17 Apr 2018 | Others | ₹31 Lakh | Open |
| 18 Oct 2016 | Tata Capital Financial Services Limited | ₹73.5 Lakh | Satisfied |
| 18 Mar 2015 | Indiabulls Housing Finance Limited | ₹40.47 Lakh | Satisfied |
| 17 Jul 2010 | Idbi Bank Limited | ₹50 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Shashwat Systems Private Limited
Shashwat Systems Private Limited has 16 court cases on record: 16 filed against it. 9 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 9 |
Cases on record (4 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Idfc First Bank Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Idfc First Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Idfc First Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Fullerton India Credit Company Ltd | Disposed |
Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Shashwat Systems Private Limited
Shashwat Systems Private Limited has a workforce of 2 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Shashwat Systems Private Limited
Shashwat Systems Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Siddhant Subhashbhai Parikh ceased to be Director on 26 Jan 2020.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shashwat Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shashwat Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shashwat Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shashwat Systems Private Limited
Shashwat Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCS2125P1Z7 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shashwat Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shashwat Systems Private Limited
Shashwat Systems is an active private limited company based in Ahmedabad, Gujarat, India. The company works in hydraulic machinery and equipment, within the machinery and equipment industry. It was incorporated on 27 February 2002 (24+ years old) and is registered under CIN U28133GJ2002PTC040516.
Shashwat Systems reported revenue of ₹40.94 Lakh for FY 2024 (up 131% YoY).
Shashwat Systems has 2 current directors:
- Siddhant Subhashbhai Parikh - Director
- Veena Subhash Parikh - Director
Shashwat Systems reported a net loss of ₹18.84 Lakh (net margin -46%) and EBITDA of ₹13.98 Lakh (EBITDA margin 34.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shashwat Systems is 13% over three years and -10% over five years. In the latest year (FY 2024) revenue rose 131%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shashwat Systems is 24AAGCS2125P1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Shashwat Systems is U28133GJ2002PTC040516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shashwat Systems has 16 court cases on record: 16 filed against it. 9 are pending.
Shashwat Systems was incorporated on 27 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shashwat Systems by revenue are Expectra Mechanical Machine Private Limited, Jayas Hydraulic Industries Private Limited, Sha Hydraulics Private Limited, Tulasi Hydraulic Private Limited, Kse Hydrohub Private Limited and 5 more, all in the Machinery and Equipment industry (Hydraulic Equipment).
Siddhant Subhashbhai Parikh ceased to be Director on 26 Jan 2020. Amit Parikh ceased to be Director on 09 Jun 2014. Siddhant Subhashbhai Parikh was appointed as Director on 16 Feb 2013. Shashwat Systems has 4 board changes on record in total.