About Shivalik Solid Waste Management Limited
Data last updated:
Shivalik Solid Waste Management Limited is a public limited company based in Nalagarh, Himachal Pradesh, India, a subsidiary of Enviro Technology Limited. It operates in the water treatment segment of the environmental services sector. It was incorporated on 11 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U38220HP2005PLC028806. Its GSTIN is 02AAJCS7647D1ZE (Himachal Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.37 Cr. It is led by directors including Bhupendrakumar Dalwadi Dahyabhai and Ashok Amarlal Panjwani.
Its last annual general meeting (AGM) was held on 14 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village Majra P.O. Dabhota, Nalagarh, Himachal Pradesh, India – 174101.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.57 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹6.33 Cr (net margin 16%) and EBITDA of ₹10.84 Cr (EBITDA margin 27.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: SSWML and Tatvaglobal. As per MCA filings, the company has satisfied charges of ₹16.87 Cr on record. Court records list 10 cases involving the company, including 10 filed by the company; 6 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 sswml.com.
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- Registered AddressVillage Majra P.O. Dabhota, Nalagarh, Himachal Pradesh, India – 174101
- IndustryEnvironment, Water Treatment, Waste Management & Recycling Solutions
- 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 Shivalik Solid Waste Management Limited
The main business activities of Shivalik Solid Waste Management are water supply, sewerage and waste management and professional, scientific and technical. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services and other professional, scientific and technical activities. 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 |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Shivalik Solid Waste Management Limited FY 2025 filings available
Shivalik Solid Waste Management Limited reported revenue of ₹39.57 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shivalik Solid Waste Management Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 4% growth in the latest year. EBITDA rose 8% 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 Shivalik Solid Waste Management 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.84 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.33 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Shivalik Solid Waste Management Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 16% | •••• | •••• | •••• | •••• |
| 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 Shivalik Solid Waste Management 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 Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management Limited is compared with the companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sogo Synergy Private Limited | ₹40.73 Cr (FY 2025) | •••• | •••• | 98.0% | •••• | Bangalore, Karnataka, India |
| SMS Envocare Limited | ₹40.4 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Nagpur, Maharashtra, India |
| Jai Jagdamba Scrap Suppliers Limited | ₹40.35 Cr (FY 2024) | •••• | •••• | -45.0% | •••• | Uttar Pradesh, India |
| Soriaan Recyclers Private Limited | ₹40.28 Cr (FY 2025) | •••• | •••• | 241.0% | •••• | Ramangara, Karnataka, India |
| Evergreen Lithium Recycling Private Limited | ₹39.68 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Palghar, Maharashtra, India |
| Shivalik Solid Waste Management Limited this company | ₹39.57 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Nalagarh, Himachal Pradesh, India |
| Amritsar MSW Limited | ₹39.44 Cr (FY 2022) | •••• | •••• | 111.0% | •••• | New Delhi, Delhi, India |
| Mahabull Infra Engineers Private Limited | ₹38.98 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Vasoo Infracon Private Limited | ₹38.43 Cr (FY 2025) | •••• | •••• | 254.0% | •••• | New Delhi, Delhi, India |
| Resource E Waste Solutions Private Limited | ₹38.24 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Delhi, India |
| Enviro Recyclean Private Limited | ₹38.1 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Shivalik Solid Waste Management by revenue in the Cleantech industry (Recycling and Waste Treatment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management has 13 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupendrakumar Dalwadi Dahyabhai | Director | 19 Dec 2012 | 13 Years 9 Months | Current |
| Ashok Amarlal Panjwani Also directs: Kerala Enviro Infrastructure Limited, Narmada Clean Tech, Beil Infrastructure Limited and 3 more | Director | 31 Jan 2006 | 20 Years 8 Months | Current |
| Anupama Sharma Also directs: Modern Steel Ltd. | Director | 15 May 2025 | 1 Years 4 Months | Current |
| Gopalakrishnapillai Madhu | Director | 16 Nov 2024 | 1 Years 10 Months | Current |
| Yashwant Singh Guleria Also directs: Doon Infrastructure Limited | Nominee Director | 10 May 2022 | 4 Years 5 Months | Current |
| Parameshwaran Poovillomnarayanan Moothathu Also directs: Kerala Enviro Infrastructure Limited | Director | 31 Jan 2006 | 20 Years 8 Months | Current |
Charges & Borrowings of Shivalik Solid Waste Management Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Apr 2007 | Axis Bank Limited | ₹16.87 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management Limited has 10 court cases on record: 10 filed by Shivalik Solid Waste Management. 6 cases are pending and 4 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 5 |
| District courts | 3 | 0 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against State of HP | Pending |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against State of HP | Pending |
| District court, Solan, Himachal Pradesh | Civil suit | Filed by the company against an individual | Pending |
| District court, Solan, Himachal Pradesh | Civil suit | Filed by the company against an individual | Disposed |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against State of Punjab | Disposed |
Full case history
All 10 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.
MSME Payment Delays by Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management operates two associated brands: SSWML and Tatvaglobal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers hazardous waste management, e-waste recycling, and environmental consultancy services. | sswml.com | |
| Offers waste management, water supply, and wastewater services in various Indian locations. | tatvaglobal.com |
Employees and EPFO Compliance at Shivalik Solid Waste Management Limited
Employment history and EPFO contributions of people linked to Shivalik Solid Waste Management.
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.
CIN History of Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U38220HP2005PLC028806, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U38220HP2005PLC028806 | Current |
| U33130HP2005PLC028806 | Previous |
| L33130HP2005PLC028806 | Previous |
Recent Activity on Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management Limited has 34 board changes on record since 2005: 16 appointments and 18 cessations. The latest: Anupama Sharma ceased to be Additional Director on 13 Jul 2025.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shivalik Solid Waste Management 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 Shivalik Solid Waste Management 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 Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAJCS7647D1ZE | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAJCS7647D1ZC | Punjab | Active | 13 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 Shivalik Solid Waste Management 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 Shivalik Solid Waste Management Limited
Shivalik Solid Waste Management is an active public limited company based in Nalagarh, Himachal Pradesh, India. The company works in water treatment, within the environment industry. It was incorporated on 11 August 2005 (21+ years old) and is registered under CIN U38220HP2005PLC028806.
Shivalik Solid Waste Management reported revenue of ₹39.57 Cr for FY 2025 (up 4% YoY).
Shivalik Solid Waste Management has 13 current directors:
- Bhupendrakumar Dalwadi Dahyabhai - Director
- Ashok Amarlal Panjwani - Director
- Anupama Sharma - Director
- Gopalakrishnapillai Madhu - Director
- Yashwant Singh Guleria - Nominee Director
- Parameshwaran Poovillomnarayanan Moothathu - Director
- Ashok Kumar Verma - Nominee Director
- Sunder Ramaswamy Balasubramanian - Director
- Rajiv Aggarwal - Nominee Director
- Mukul Bhupendra Trivedi - Director
- Arun Chandrasen Ashar - Director
- Rajender Guleria - Director
- Indermohanjit Singh Sidhu - Nominee Director
Shivalik Solid Waste Management reported a net profit of ₹6.33 Cr (net margin 16%) and EBITDA of ₹10.84 Cr (EBITDA margin 27.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shivalik Solid Waste Management is 8% over three years and 10% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shivalik Solid Waste Management is 02AAJCS7647D1ZE, registered in Himachal Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAJCS7647D1ZC (Punjab).
The CIN (Corporate Identification Number) of Shivalik Solid Waste Management is U38220HP2005PLC028806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivalik Solid Waste Management has 10 court cases on record: 10 filed by the company. 6 are pending. Most are in the high courts.
Shivalik Solid Waste Management was incorporated on 11 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The peers of Shivalik Solid Waste Management by revenue are Sogo Synergy Private Limited, SMS Envocare Limited, Jai Jagdamba Scrap Suppliers Limited, Soriaan Recyclers Private Limited, Evergreen Lithium Recycling Private Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).
Anupama Sharma ceased to be Additional Director on 13 Jul 2025. Gopalakrishnapillai Madhu ceased to be Additional Director on 13 Jul 2025. Anupama Sharma was appointed as Director on 15 May 2025. Shivalik Solid Waste Management has 34 board changes on record in total.
Shivalik Solid Waste Management has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 17 Nov 2019.