About Swastic Heights Private Limited
Data last updated:
Swastic Heights Private Limited was a private limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Swastic Promoters Pvt Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 02 December 1997.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1997PTC086019. Its GSTIN is 19AABCH2817C1ZY (West Bengal).
The company had an authorised share capital of ₹1.36 Cr and a paid-up capital of ₹1.23 Cr. It was led by directors including Satwic Vivek Ruia (Whole-Time Director) and Vivek Ruia.
Its last annual general meeting (AGM) was held on 15 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 21/2 Ballygunge Placeps Gariahat, Kolkata, West Bengal, India – 700019.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.41 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹4.77 Lakh (net margin 0.9%) and EBITDA of ₹10.53 Lakh (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 4% over five years.
Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 4 cases are pending.
The last known website on record is swasticgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address21/2 Ballygunge Placeps Gariahat, Kolkata, West Bengal, India – 700019
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
The main business activity of Swastic Heights is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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
Financials of Swastic Heights Private Limited
FY 2023 filings availableSwastic Heights Private Limited reported revenue of ₹5.41 Cr (down 39% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 135% 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 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| 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 | ₹10.53 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹4.77 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
| Metrics | FY 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 1.9% | |
| Net Profit Margin | 0.9% | |
| 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, and every line for FY 2018-19 to FY 2021-22, 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 Swastic Heights are in the company report.
: available in the company report
Board of Directors of Swastic Heights Private Limited
Swastic Heights has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satwic Vivek Ruia Also directs: Swastic Praniti Private Limited, Gopala Enclave Private Limited, Swastic Projects Pvt Ltd and 3 more | Whole-Time Director | 24 Aug 2012 | 14 Years 1 Months | As last reported |
| Swastic Vivek Ruia Also directs: Gopala Complex Private Limited, Swastic Projects Pvt Ltd, Satvic Projects Pvt.Ltd. and 5 more | Additional Director | 22 Feb 2020 | 6 Years 8 Months | As last reported |
| Vivek Ruia Also directs: Gopala Complex Private Limited, Swastic Praniti Private Limited, Gopala Enclave Private Limited and 4 more | Director | 04 Dec 1998 | 27 Years 10 Months | As last reported |
Peer Comparison
Swastic Heights Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dynamic Buildwell Private Limited | ₹5.41 Cr (FY 2024) | •••• | •••• | -69.0% | •••• | Delhi, India |
| Swastic Heights Private Limited this company | ₹5.41 Cr (FY 2023) | •••• | •••• | -39.0% | •••• | Kolkata, West Bengal, India |
| Niketan Real Estates Private Limited | ₹5.41 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Dwarika Infraheights Private Limited | ₹5.4 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Etmadpur, Uttar Pradesh, India |
Peers are the companies nearest to Swastic Heights by revenue, above and below it, in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Swastic Heights Private Limited is audited by M TULSYAN & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M TULSYAN & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Swastic Heights Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Swastic Heights Private Limited has 7 court cases on record: 4 filed by Swastic Heights, 3 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 4 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (Ejectment Suit) | Filed by the company against an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (Ejectment Suit) | Filed by the company against an individual | Pending |
| District court, South Twenty Four Parganas, West Bengal | Court case (Ejectment Suit) | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S. First Choice Ready Mix | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Swastic Heights.
: available in the company report
Recent Activity
Swastic Heights Private Limited has 7 board changes on record since 1998: 3 appointments and 4 cessations. The latest: Devendra Kumar Jhunjhunwala ceased to be Director on 01 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Swastic Heights has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCH2817C1ZY | West Bengal | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Swastic Heights has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Swastic Heights was a private limited company based in Kolkata, West Bengal, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 02 December 1997 and is registered under CIN U70101WB1997PTC086019. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Swastic Heights was incorporated on 02 December 1997. It is registered with the Registrar of Companies, Kolkata.
Swastic Heights had 3 directors:
- Satwic Vivek Ruia - Whole-Time Director
- Swastic Vivek Ruia - Additional Director
- Vivek Ruia - Director
The CIN (Corporate Identification Number) of Swastic Heights is U70101WB1997PTC086019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Swastic Heights is at 212 Ballygunge Placeps Gariahat, Kolkata, West Bengal, India – 700019.
Swastic Heights can be reached through the website swasticgroup.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Swastic Heights on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 15 December 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Swastic Heights is 19AABCH2817C1ZY, registered in West Bengal.
Swastic Heights operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Swastic Heights by revenue are Dynamic Buildwell Private Limited, Niketan Real Estates Private Limited, Dwarika Infraheights Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).