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 6 cases involving the company, including 3 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 of Swastic Heights Private Limited
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
Verified entity values are shown only after access is granted.
Financials of Swastic Heights Private Limited FY 2023 filings available
Swastic Heights Private Limited reported revenue of ₹5.41 Cr (down 39% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Swastic Heights Private Limited
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 of Swastic Heights Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 of Swastic Heights Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 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.
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.
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 7 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 of Swastic Heights Private Limited
Swastic Heights Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Baishnodevi Engineers & Consultancy Private Limited | ₹5.41 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Bhubaneswar, Odisha, India |
| Environment Promoters Private Limited | ₹5.41 Cr (FY 2025) | •••• | •••• | 5826.0% | •••• | New Delhi, Delhi, India |
| Allegiant Buildcon Private Limited | ₹5.41 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Gwalior, Madhya Pradesh, India |
| Dynamic Buildwell Private Limited | ₹5.41 Cr (FY 2024) | •••• | •••• | -69.0% | •••• | Delhi, India |
| Crest Urban Living Private Limited | ₹5.41 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, 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 | |
| Megaj Realtors Private Limited | ₹5.4 Cr (FY 2022) | •••• | •••• | -87.0% | •••• | Mumbai, Maharashtra, India |
| Dwarika Infraheights Private Limited | ₹5.4 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Etmadpur, Uttar Pradesh, India |
| Dhanshyam Properties Private Limited | ₹5.4 Cr (FY 2024) | •••• | •••• | 108.0% | •••• | Delhi, India |
| Sudk India Private Limited | ₹5.4 Cr (FY 2022) | •••• | •••• | 166.0% | •••• | Road No.8, Bihar, India |
Peers are the five companies nearest above and the five nearest below Swastic Heights by revenue in the Real Estate industry (Builders and Developers), 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 Swastic Heights Private Limited
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 |
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.
Ownership and Shareholding of Swastic Heights 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 Swastic Heights Private Limited
Swastic Heights Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Swastic Heights Private Limited
Swastic Heights Private Limited has 6 court cases on record: 3 filed by Swastic Heights, 3 filed against it. 4 cases are pending and 2 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| 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 an individual | Disposed |
Full case history
All 6 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 Swastic Heights Private Limited
Employment history and EPFO contributions of people linked to Swastic Heights.
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 Swastic Heights Private Limited
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 for Swastic Heights 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 Swastic Heights 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 Swastic Heights 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 Swastic Heights Private Limited
Swastic Heights has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCH2817C1ZY | West Bengal | 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 Swastic Heights 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 Swastic Heights Private Limited
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.
Swastic Heights reported revenue of ₹5.41 Cr for FY 2023 (down 39% YoY).
Swastic Heights has an authorised share capital of ₹1.36 Cr and a paid-up capital of ₹1.23 Cr.
Swastic Heights reported a net profit of ₹4.77 Lakh (net margin 0.9%) and EBITDA of ₹10.53 Lakh (EBITDA margin 1.9%) for FY 2023, as per its filed financial statements.
The GSTIN of Swastic Heights is 19AABCH2817C1ZY, registered in West Bengal.