Swastik Knits Private Limited
About Swastik Knits Private Limited
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Swastik Knits Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18101DL1997PTC087478. Its GSTIN is 09AACCS0513R1Z3 (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹75 Lakh. It is led by directors including Girish Pal Saran Bhalwar and Sangeeta Chaudhary.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4844/24 Ground Floor, Ansari Road, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.46 Lakh, a growth of 61% compared to the previous year. For the same year it recorded a net loss of ₹21.13 Lakh and EBITDA of -₹2.98 Lakh (EBITDA margin -121%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 53% over five years.
As per MCA filings, the company has satisfied charges of ₹4.62 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Swastik Knits Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4844/24 Ground Floor, Ansari Road, New Delhi, Delhi, India – 110002
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Swastik Knits Private Limited, buy the company report.
- 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
Financials of Swastik Knits Private Limited
FY 2025 filings availableSwastik Knits Private Limited reported revenue of ₹2.46 Lakh (up 61% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 61% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 53%. EBITDA rose 62% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.98 Lakh | ||||
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| Net Profit (PAT) | -₹21.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -121% | ||||
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To see the full financial statements and ratios of Swastik Knits Private Limited, buy the company report.
Board of directors of Swastik Knits Private Limited
Swastik Knits has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Pal Saran Bhalwar Also directs: Sigma Buildcraft Private Limited, MHM Buildwell Private Limited | Director | 10 Oct 2020 | 6 Years 0 Months | Current |
| Sangeeta Chaudhary | Director | 10 Oct 2020 | 6 Years 0 Months | Current |
| Anita Bhalwar | Additional Director | 18 Sep 2024 | 2 Years 1 Months | Current |
| Munish Pal Saran Bhalwar | Director | 07 Aug 2006 | 20 Years 2 Months | Current |
Peer comparison
Swastik Knits Private Limited is compared with the 10 companies closest to it by revenue in the Apparel industry (Branded Wear), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S. P. Jagannath Fashion Industries Private Limited | ₹2.79 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Pam Impex Private Limited | ₹2.74 Lakh (FY 2021) | 2719.0% | Mumbai, Maharashtra, India | |||
| Seer Global Ltd | ₹2.58 Lakh (FY 2024) | -98.0% | New Delhi, Delhi, India | |||
| Darkwolf Private Limited | ₹2.5 Lakh (FY 2025) | Kolkata, West Bengal, India | ||||
| Northern Hub Fashions Private Limited | ₹2.49 Lakh (FY 2024) | 374.0% | Dehradun, Uttarakhand, India | |||
| Swastik Knits Private Limitedthis company | ₹2.46 Lakh (FY 2025) | -₹21.13 Lakh | 61.0% | New Delhi, Delhi, India | ||
| Milsani House Private Limited | ₹2.38 Lakh (FY 2024) | Kolkata, West Bengal, India | ||||
| Katbro Corporation Private Limited | ₹2.38 Lakh (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Affix Lifestyle Private Limited | ₹2.25 Lakh (FY 2021) | -97.0% | Mumbai, Maharashtra, India | |||
| V M Creation Private Limited | ₹2.21 Lakh (FY 2024) | 3.0% | Mumbai, Maharashtra, India | |||
| Sakb Clothing (OPC) Private Limited | ₹2.2 Lakh (FY 2025) | 141.0% | Sonipat, Haryana, India |
To see the full peer comparison of Swastik Knits Private Limited, buy the company report.
Auditor
Swastik Knits Private Limited is audited by M. A. R. S. & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. A. R. S. & Associates | FY 2016 |
Shareholding
The shareholding of Swastik Knits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Swastik Knits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2019 | 100278112 | Others | ₹1.01 Cr | Satisfied | |
| 28 Jan 2017 | 100084117 | Others | ₹2 Cr | Satisfied | |
| 07 Oct 2003 | 90062960 | Indian Overseas Bank | ₹85 Lakh | Satisfied | |
| 12 Jan 2000 | 90064110 | Oriental Bank of Commerce | ₹46 Lakh | Satisfied | |
| 11 Jan 2000 | 90064109 | Oriental Bank of Commerce | ₹30 Lakh | Satisfied |
To see the full charge records of Swastik Knits Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Swastik Knits Private Limited has 1 court case on record: 1 filed by Swastik Knits. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed by the company against Ms. Wings International | Disposed |
To see the full case history of Swastik Knits 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swastik Knits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swastik Knits has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCS0513R1Z3 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swastik Knits Private Limited, buy the company report.
Recent activity
Swastik Knits Private Limited has 11 board changes on record since 2006: 4 appointments and 7 cessations. The latest: Anita Bhalwar was appointed as Additional Director on 18 Sep 2024.
13 earlier events are in the company report.
Frequently asked questions
Swastik Knits is an active private limited company based in New Delhi, Delhi, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 May 1997 (29+ years old) and is registered under CIN U18101DL1997PTC087478.
Swastik Knits has 4 current directors:
- Girish Pal Saran Bhalwar - Director
- Sangeeta Chaudhary - Director
- Anita Bhalwar - Additional Director
- Munish Pal Saran Bhalwar - Director
The latest financial statements of Swastik Knits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Swastik Knits is 09AACCS0513R1Z3, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Swastik Knits is U18101DL1997PTC087478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastik Knits has 1 court case on record: 1 filed by the company.
Swastik Knits was incorporated on 26 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Swastik Knits by revenue are S. P. Jagannath Fashion Industries Private Limited, Pam Impex Private Limited, Seer Global Ltd, Darkwolf Private Limited, Northern Hub Fashions Private Limited and 5 more, all in the Apparel industry (Branded Wear).
Anita Bhalwar was appointed as Additional Director on 18 Sep 2024. Madhu Gupta ceased to be Managing Director on 13 Jul 2021. Girish Pal Saran Bhalwar was appointed as Director on 10 Oct 2020. Swastik Knits has 11 board changes on record in total.
The registered office of Swastik Knits is at 484424 Ground Floor, Ansari Road, New Delhi, Delhi, India – 110002.
Swastik Knits operates in the fashion and textile industry, in the designer and branded fashion segment.
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