India's Richest People 2026 edition · 1 director · Source: Hurun India
- #182 Shrikant Shankar Badve & family ₹19,700 Cr
Revenue · FY 2024
₹411.97 Cr
▼ 15% YoY
Net profit · FY 2024
₹7.37 Cr
Net margin 1.8%
EBITDA · FY 2024
₹36.98 Cr
EBITDA margin 9%
Authorised capital
₹1.02 Cr
Registered with MCA
Paid-up capital
₹1.01 Cr
Issued & subscribed
Open charges
₹220.22 Cr
Satisfied ₹10 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
121
Provident fund records
About Swastid Engineering Private Limited
Data last updated:
Swastid Engineering Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 06 June 2011 and has been in existence for over 15 years.
Its director Shrikant Shankar Badve and family are #182 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29130PN2011PTC139765. Its GSTIN is 29AAPCS9928M1Z5 (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.02 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors Shrikant Shankar Badve and Nishikant Narharrao Joshi.
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 Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹411.97 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹7.37 Cr (net margin 1.8%) and EBITDA of ₹36.98 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 23% over five years.
The company has about 121 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Belrise Industries and The Badve Group. As per MCA filings, the company has open charges of ₹220.22 Cr and satisfied charges of ₹10 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2021. The company has 8 MSME Form 1 returns on record between 2019 and 2022, listing 1,179 overdue payments to 26 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website badvegroup.com.
Company details
CIN U29130PN2011PTC139765
Registration Number 139765
Incorporation Date 06 June 2011
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Recognitions & Rankings of Swastid Engineering
Contact details
Swastid Engineering Private Limited's registered office is in Pune, Maharashtra. Its website is badvegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff 201 Tps 1 2nd Floor, Pride Kumar Senate Fp 402, Pune, Maharashtra, India – 411016
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Swastid Engineering Private Limited, buy the company report.
Comprehensive company report
Swastid Engineering 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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Brands
Swastid Engineering operates two associated brands: Belrise Industries and The Badve Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Components for automotive and white goods sectors are manufactured. | belriseindustries.com | |
| Manufacturing of automotive components and white goods in India. | badvegroup.com |
Business activity
The main business activity of Swastid Engineering is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Swastid Engineering Private Limited, buy the company report.
Financials of Swastid Engineering Private Limited
FY 2024 filings availableSwastid Engineering Private Limited reported revenue of ₹411.97 Cr (down 15% YoY) for FY 2024.
Revenue · FY 2024
₹411.97 Cr ▼ 15%
Net profit · FY 2024
₹7.37 Cr margin 1.8%
EBITDA · FY 2024
₹36.98 Cr margin 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 11%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 11%
5 years · compounded
▲ 11%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹36.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.37 Cr | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 1.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Swastid Engineering Private Limited, buy the company report.
Board of directors of Swastid Engineering Private Limited
Swastid Engineering has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikant Shankar Badve Also directs: Belrise Industries Limited, Shreepriya Stamping and Tooling Private Limited, Swami Ashirwad Engimech Private Limited and 5 more | Director | 21 Feb 2020 | 6 Years 8 Months | Current |
| Nishikant Narharrao Joshi | Director | 03 Oct 2023 | 3 Years 1 Months | Current |
Auditor
Swastid Engineering Private Limited is audited by Ashok Patil & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok Patil & Associates | FY 2023 | 122045W |
Shareholding
The shareholding of Swastid Engineering 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 Swastid Engineering Private Limited, buy the company report.
Charges & borrowings
Open charges
₹220.22 Cr
Satisfied charges
₹10 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2021 | 100457471 | Idbi Bank Limited | ₹4.24 Cr | Open | |
| 24 Feb 2021 | 100432859 | Others | ₹47.8 Cr | Open | |
| 08 Mar 2019 | 100251238 | Others | ₹127.18 Cr | Open | |
| 25 Mar 2014 | 10508064 | Idbi Bank Limited | ₹41 Cr | Open | |
| 25 Mar 2014 | 10503729 | Idbi Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Swastid Engineering Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Swastid Engineering Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2021.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹99 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹3.5 Cr | Investors: an individual |
| Mar 2014 | Funding round | ₹99 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Swastid Engineering Private Limited has 3 court cases on record: 1 filed by Swastid Engineering, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Commercial suit | Filed against the company by Jayem Auto Industries Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Shiva Ferric Pvt Ltd | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against an individual | Disposed |
To see the full case history of Swastid Engineering 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
Swastid Engineering Private Limited was last rated by Crisil on 07 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 07 Jul 2020 |
To see the full credit ratings and regulatory alerts of Swastid Engineering Private Limited, buy the company report.
MSME payment delays
Swastid Engineering Private Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 1,179 overdue payments to 26 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 (5 of 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jeet Engineering Works | |||
| an individual supplier | |||
| SBJ Precision Tools | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Swastid Engineering Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Swastid Engineering Private Limited has a workforce of 121 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
121
Active EPFO establishments
2
Employee growth
-0.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 121 |
| 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 Swastid Engineering Private Limited, buy the company report.
GST
Swastid Engineering has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCS9928M1Z5 | Karnataka | Active | 01 Jul 2017 |
| 24AAPCS9928M1ZF | Gujarat | Active | 06 Aug 2018 |
To see the full GST registrations and return filing status of Swastid Engineering Private Limited, buy the company report.
Recent activity
Swastid Engineering Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Nishikant Narharrao Joshi ceased to be Additional Director on 26 Sep 2024.
AGM
Swastid Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Nishikant Narharrao Joshi ceased to be Additional Director.
Filing
Swastid Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Appointed
Nishikant Narharrao Joshi was appointed as Director.
Charges
A charge with Others of Rs. 127.18 Cr registered on 08 Mar 2019 with Charge ID 100251238 was modified on 30 Jan 2023.
Charges
A charge with Others of Rs. 47.80 Cr registered on 24 Feb 2021 with Charge ID 100432859 was modified on 17 Jun 2022.
Charges
A charge with Idbi Bank Limited amounted to Rs. 4.24 Cr with Charge ID 100457471 was registered on 30 Jun 2021.
Charges
A charge with Others amounted to Rs. 47.80 Cr with Charge ID 100432859 was registered on 24 Feb 2021.
Ceased
Shatanand Vasant Dixit ceased to be Director.
Appointed
Shrikant Shankar Badve was appointed as Director.
Ceased
Sunil Vasant Savarkar ceased to be Director.
Charges
A charge with Others amounted to Rs. 127.18 Cr with Charge ID 100251238 was registered on 08 Mar 2019.
8 earlier events are in the company report.
Frequently asked questions
Swastid Engineering is an active private limited company based in Pune, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 06 June 2011 (15+ years old) and is registered under CIN U29130PN2011PTC139765.
Swastid Engineering has 2 current directors:
- Shrikant Shankar Badve - Director
- Nishikant Narharrao Joshi - Director
The latest financial statements of Swastid Engineering 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 Swastid Engineering is 29AAPCS9928M1Z5, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAPCS9928M1ZF (Gujarat).
The CIN (Corporate Identification Number) of Swastid Engineering is U29130PN2011PTC139765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastid Engineering has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Swastid Engineering was incorporated on 06 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
Swastid Engineering has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2021.
Nishikant Narharrao Joshi ceased to be Additional Director on 26 Sep 2024. Nishikant Narharrao Joshi was appointed as Director on 03 Oct 2023. Shatanand Vasant Dixit ceased to be Director on 21 Feb 2020. Swastid Engineering has 8 board changes on record in total.
Swastid Engineering has 8 MSME Form 1 returns on record between 2019 and 2022, listing 1,179 overdue payments to 26 micro and small suppliers. The latest return was filed on 12 Jan 2023.
Swastid Engineering can be reached through the website badvegroup.com. Its registered office is in Pune, Maharashtra, India.
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