MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0056762
Swagat Abharan Private Limited - fashion and textile in Malleshwaram, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹66.83 Cr
▲ 28% YoY
Net profit · FY 2024
₹88.39 Lakh
Net margin 1.3%
EBITDA · FY 2024
₹2.7 Cr
EBITDA margin 4%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.4 Cr
Issued & subscribed
Open charges
₹15.98 Cr
Satisfied ₹14 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
10
Provident fund records
About Swagat Abharan Private Limited
Data last updated:
Swagat Abharan Private Limited is a private limited company based in Malleshwaram, Karnataka, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 16 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36911KA2008PTC048039. Its GSTIN is 29AAMCS4587K1ZF (Karnataka).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.4 Cr. It is led by directors including Dileep Gajanan Vernekar and Rajesh Gajanan Vernekar.
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 # 78 6th Cross Corner Sampige Road, Malleshwaram, Karnataka, India – 560003.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.83 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹88.39 Lakh (net margin 1.3%) and EBITDA of ₹2.7 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 22% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.98 Cr and satisfied charges of ₹14 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Swagat Abharan Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0056762). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swagat-abharan-pvt-ltd.business.site.
Company details
CIN U36911KA2008PTC048039
Registration Number 048039
Incorporation Date 16 October 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0056762
Key People
Dileep Gajanan Vernekar Director Rajesh Gajanan Vernekar Director Santosh Gajanan Vernekar Director Recognitions & Rankings of Swagat Abharan
Contact details
Swagat Abharan Private Limited's registered office is in Malleshwaram, Karnataka. Its website is swagat-abharan-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 78 6th Cross Corner Sampige Road, Malleshwaram, Karnataka, India – 560003
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Swagat Abharan Private Limited, buy the company report.
Comprehensive company report
Swagat Abharan Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Swagat Abharan is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Swagat Abharan Private Limited, buy the company report.
Financials of Swagat Abharan Private Limited
FY 2024 filings availableSwagat Abharan Private Limited reported revenue of ₹66.83 Cr (up 28% YoY) for FY 2024.
Revenue · FY 2024
₹66.83 Cr ▲ 28%
Net profit · FY 2024
₹88.39 Lakh margin 1.3%
EBITDA · FY 2024
₹2.7 Cr margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 11%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 30%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 28% growth in the latest year. EBITDA rose 30% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹88.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 4% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Swagat Abharan Private Limited, buy the company report.
Board of directors of Swagat Abharan Private Limited
Swagat Abharan has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dileep Gajanan Vernekar | Director | 16 Oct 2008 | 18 Years 0 Months | Current |
| Rajesh Gajanan Vernekar | Director | 16 Oct 2008 | 18 Years 0 Months | Current |
| Santosh Gajanan Vernekar | Director | 16 Oct 2008 | 18 Years 0 Months | Current |
| Vinod Gajanan Vernekar Also directs: Niskha Finance Private Limited | Director | 16 Oct 2008 | 18 Years 0 Months | Current |
Auditor
Swagat Abharan Private Limited is audited by VENKAT & VASAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKAT & VASAN | FY 2023 | 004598S |
Shareholding
The shareholding of Swagat Abharan 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swagat Abharan Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.98 Cr
Satisfied charges
₹14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2021 | 100516549 | State Bank of India | ₹15.98 Cr | Open | |
| 25 Sep 2009 | 10180756 | Others | ₹14 Cr | Satisfied |
To see the full charge records of Swagat Abharan Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Swagat Abharan Private Limited has 3 court cases on record: 2 filed by Swagat Abharan, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UDUPI, Karnataka | Civil suit | Filed against the company by M/S Abharan Jewellers Pvt.Ltd.,Udupi,Rep.By Its Managing Director, Subhas M. Kamath | Disposed |
| District court, UTTARA KANNADA, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, UTTARA KANNADA, Karnataka | Court case (P.C.) | Filed by the company against an individual | Disposed |
To see the full case history of Swagat Abharan 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
Swagat Abharan Private Limited was last rated by Crisil on 31 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Jul 2020 |
To see the full credit ratings and regulatory alerts of Swagat Abharan Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swagat Abharan Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Swagat Abharan Private Limited has a workforce of 10 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 10 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Swagat Abharan Private Limited, buy the company report.
GST
Swagat Abharan has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCS4587K1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swagat Abharan Private Limited, buy the company report.
Recent activity
Swagat Abharan Private Limited has 4 board changes on record since 2008: 4 appointments. The latest: Dileep Gajanan Vernekar was appointed as Director on 16 Oct 2008.
Charges
A charge with State Bank Of India of Rs. 15.98 Cr registered on 16 Dec 2021 with Charge ID 100516549 was modified on 06 Jan 2025.
AGM
Swagat Abharan Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Swagat Abharan Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 15.98 Cr with Charge ID 100516549 was registered on 16 Dec 2021.
Charges
A charge registered on 25 Sep 2009 via Charge ID 10180756 with Others was fully satisfied on 10 Dec 2021.
Charges
A charge with Others of Rs. 14.00 Cr registered on 25 Sep 2009 with Charge ID 10180756 was modified on 03 Sep 2019.
Charges
A charge with Others amounted to Rs. 14.00 Cr with Charge ID 10180756 was registered on 25 Sep 2009.
Appointed
Dileep Gajanan Vernekar was appointed as Director.
Appointed
Rajesh Gajanan Vernekar was appointed as Director.
Appointed
Santosh Gajanan Vernekar was appointed as Director.
Appointed
Vinod Gajanan Vernekar was appointed as Director.
Incorporation
16 Oct 2008
Swagat Abharan Private Limited was registered on 16 Oct 2008 with Roc Bangalore & aged 18 years 28 days as per MCA records.
Frequently asked questions
Swagat Abharan is an active private limited company based in Malleshwaram, Karnataka, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 16 October 2008 (18+ years old) and is registered under CIN U36911KA2008PTC048039.
Swagat Abharan has 4 current directors:
- Dileep Gajanan Vernekar - Director
- Rajesh Gajanan Vernekar - Director
- Santosh Gajanan Vernekar - Director
- Vinod Gajanan Vernekar - Director
The latest financial statements of Swagat Abharan 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 GSTIN of Swagat Abharan is 29AAMCS4587K1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Swagat Abharan is U36911KA2008PTC048039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swagat Abharan has 3 court cases on record: 2 filed by the company and 1 filed against it.
Swagat Abharan was incorporated on 16 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Dileep Gajanan Vernekar was appointed as Director on 16 Oct 2008. Rajesh Gajanan Vernekar was appointed as Director on 16 Oct 2008. Santosh Gajanan Vernekar was appointed as Director on 16 Oct 2008. Swagat Abharan has 4 board changes on record in total.
Yes, Swagat Abharan is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0056762).
Swagat Abharan can be reached through the website swagat-abharan-pvt-ltd.business.site. Its registered office is in Malleshwaram, Karnataka, India.
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