About Shaswat Textiles Private Limited
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Shaswat Textiles Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the casual and branded wear segment of the fashion and textiles sector. It was incorporated on 26 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17111GJ2004PTC044184. Its GSTIN is 24AAJCS3577J1ZY (Gujarat).
The company has an authorised share capital of ₹6.95 Cr and a paid-up capital of ₹3.93 Cr. It is led by directors including Amish Rajendrakumar Shah and Rajendrakumar Rasiklal Shah.
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 181/1 First Floor New Cloth Market O/S Raipur Gate, Ahmedabad, Gujarat, India – 380002.
As per the financials filed for FY 2025, the company reported a revenue of ₹92.13 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹34.87 Lakh (net margin 0.4%) and EBITDA of ₹4.62 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shaswat Textiles. As per MCA filings, the company has open charges of ₹46.2 Cr and satisfied charges of ₹15.92 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shaswattextiles.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address181/1 First Floor New Cloth Market O/S Raipur Gate, Ahmedabad, Gujarat, India – 380002
- IndustryFashion and Textile, Casual & Branded Wear
- 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 Shaswat Textiles Private Limited
The main business activities of Shaswat Textiles are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
| G | Trade | G1 | Wholesale Trading | 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 Shaswat Textiles Private Limited FY 2025 filings available
Shaswat Textiles Private Limited reported revenue of ₹92.13 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shaswat Textiles Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 30% growth in the latest year. EBITDA rose 15% 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 Shaswat Textiles Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.87 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 Shaswat Textiles Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Shaswat Textiles 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 Shaswat Textiles Private Limited
Shaswat Textiles Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Casual Branded Wear, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fabstract Clothing India Private Limited | ₹92.56 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
| Suvasa Apparel and Furnishing Private Limited | ₹92.36 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Jaipur, Rajasthan, India |
| Khushi Cotspin Private Limited | ₹92.29 Cr (FY 2024) | •••• | •••• | 79.0% | •••• | Akot, Maharashtra, India |
| JPL Industries Limited | ₹92.15 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Bhilwara, Rajasthan, India |
| Dora Industries Private Limited | ₹92.15 Cr (FY 2025) | •••• | •••• | 176.0% | •••• | Jalalpore, Gujarat, India |
| Shaswat Textiles Private Limited this company | ₹92.13 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Ahmedabad, Gujarat, India |
| Bindal Silk Mills Private Limited | ₹92.09 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Surat, Gujarat, India |
| Dhruv Cotex Private Limited | ₹91.96 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Shirpur, Maharashtra, India |
| Gagan Silk Mills Pvt Ltd | ₹91.91 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Surat, Gujarat, India |
| Texcore Textile Private Limited | ₹91.87 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Karnal, Haryana, India |
| Maharaja Cotspin Limited | ₹91.84 Cr (FY 2020) | •••• | •••• | -14.0% | •••• | Samrala, Punjab, India |
Peers are the five companies nearest above and the five nearest below Shaswat Textiles by revenue in the Apparel industry (Casual Branded Wear, Textiles), 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 Shaswat Textiles Private Limited
Shaswat Textiles Private Limited is audited by KIRIT P SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KIRIT P SHAH & CO. | 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 Shaswat Textiles Private Limited
Shaswat Textiles has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amish Rajendrakumar Shah Also directs: Shaswat Globtex LLP | Director | 26 May 2004 | 22 Years 4 Months | Current |
| Rajendrakumar Rasiklal Shah Also directs: Shaswat Globtex LLP | Director | 26 May 2004 | 22 Years 4 Months | Current |
| Abdhishkumar Rajendrakumar Shah Also directs: Shaswat Globtex LLP | Director | 09 Jun 2009 | 17 Years 4 Months | Current |
Ownership and Shareholding of Shaswat Textiles 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 Shaswat Textiles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jul 2016 | Hdfc Bank Limited | ₹23.1 Cr | Open |
| 20 Jun 2016 | Hdfc Bank Limited | ₹23.1 Cr | Open |
| 27 Aug 2014 | Bank of India | ₹5.2 Cr | Satisfied |
| 30 May 2012 | Bank of India | ₹5.52 Cr | Satisfied |
| 12 Sep 2009 | Bank of India | ₹5.2 Cr | Satisfied |
Total charge records: 5 View all charges
MSME Payment Delays by Shaswat Textiles Private Limited
Shaswat Textiles Private Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 15 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shodhan Textiles Private Limited | •••• | •••• | •••• |
| Jain Cord Industries Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Shaswat Textiles Private Limited
Shaswat Textiles operates one associated brand: Shaswat Textiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures shirting, suiting, and dress fabrics for textile industry in India. | shaswattextiles.com |
Employees and EPFO Compliance at Shaswat Textiles Private Limited
Shaswat Textiles Private Limited has a workforce of 30 employees as of Mar 23, 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 Shaswat Textiles Private Limited
Shaswat Textiles Private Limited has 9 board changes on record since 2004: 6 appointments and 3 cessations. The latest: Abdhishkumar Rajendrakumar Shah was appointed as Director on 09 Jun 2009.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shaswat Textiles 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.
Subsidiaries & Group Companies of Shaswat Textiles 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 Shaswat Textiles Private Limited
Shaswat Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCS3577J1ZY | 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 Shaswat Textiles 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 Shaswat Textiles Private Limited
Shaswat Textiles is an active private limited company based in Ahmedabad, Gujarat, India. The company works in casual and branded wear, within the fashion and textile industry. It was incorporated on 26 May 2004 (22+ years old) and is registered under CIN U17111GJ2004PTC044184.
Shaswat Textiles reported revenue of ₹92.13 Cr for FY 2025 (up 30% YoY).
Shaswat Textiles has 3 current directors:
- Amish Rajendrakumar Shah - Director
- Rajendrakumar Rasiklal Shah - Director
- Abdhishkumar Rajendrakumar Shah - Director
Shaswat Textiles reported a net profit of ₹34.87 Lakh (net margin 0.4%) and EBITDA of ₹4.62 Cr (EBITDA margin 5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shaswat Textiles is -2% over three years and 2% over five years. In the latest year (FY 2025) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shaswat Textiles is 24AAJCS3577J1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Shaswat Textiles is U17111GJ2004PTC044184. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shaswat Textiles was incorporated on 26 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shaswat Textiles by revenue are Fabstract Clothing India Private Limited, Suvasa Apparel and Furnishing Private Limited, Khushi Cotspin Private Limited, JPL Industries Limited, Dora Industries Private Limited and 5 more, all in the Apparel industry (Casual Branded Wear, Textiles).
Abdhishkumar Rajendrakumar Shah was appointed as Director on 09 Jun 2009. Ashokkumar Rasiklal Shah ceased to be Director on 09 Jun 2009. Satishbhai Rasiklal Shah ceased to be Director on 09 Jun 2009. Shaswat Textiles has 9 board changes on record in total.
Shaswat Textiles has 3 MSME Form 1 returns on record between 2019 and 2021, listing 15 overdue payments to 2 micro and small suppliers. The latest return was filed on 13 May 2021.
Shaswat Textiles can be reached through the website shaswattextiles.com. Its registered office is in Ahmedabad, Gujarat, India.