Swastik Solar Pvt Ltd
About Swastik Solar Pvt Ltd
Data last updated:
Swastik Solar Pvt Ltd was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 07 February 2006.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U29307WB2006PTC107760. Its GSTIN is 19AAJCS9617H1ZT (West Bengal).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.1 Lakh. It was led by directors Sunil Bagri and Vedant Bagri.
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 was at 10A Hospital St4Th Floor Suit No 401, Kolkata, West Bengal, India – 700042.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.08 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹15.43 Lakh (net margin 14.2%) and EBITDA of ₹18.58 Lakh (EBITDA margin 17.1%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 14% over five years.
The company was associated with 1 brand: Swastik Solar. As per MCA filings, the company had open charges of ₹50 Lakh on record.
Company details
Contact details
Swastik Solar Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address10A Hospital St4Th Floor Suit No 401, Kolkata, West Bengal, India – 700042
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Swastik Solar Pvt Ltd, 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
Brands
Swastik Solar operates one associated brand: Swastik Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive solar products like inverters, panels, and water heaters for energy solutions. | swastiksolar.co.in |
Business activity
The main business activity of Swastik Solar is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Swastik Solar Pvt Ltd, buy the company report.
Financials of Swastik Solar Pvt Ltd
FY 2024 filings availableSwastik Solar Pvt Ltd reported revenue of ₹1.08 Cr (up 557% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 557% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA rose 367% 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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| EBITDA | ₹18.58 Lakh | ||||
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| Net Profit (PAT) | ₹15.43 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 17.1% | ||||
| Net Profit Margin | 14.2% | ||||
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To see the full financial statements and ratios of Swastik Solar Pvt Ltd, buy the company report.
Board of directors of Swastik Solar Pvt Ltd
Swastik Solar has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Bagri | Director | 07 Feb 2006 | 20 Years 9 Months | As last reported |
| Vedant Bagri Also directs: Sugarplum Cakery Private Limited | Director | 28 Aug 2019 | 7 Years 2 Months | As last reported |
Peer comparison
Swastik Solar Pvt Ltd is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modern Surya Private Limited | ₹1.09 Cr (FY 2025) | 131.0% | Alwar, Rajasthan, India | |||
| Itco Impex Ltd | ₹1.09 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Air Measure Engineering Private Limited | ₹1.09 Cr (FY 2025) | 150.0% | Hyderabad, Telangana, India | |||
| Swastik Solar Pvt Ltdthis company | ₹1.08 Cr (FY 2024) | ₹15.43 Lakh | 14.2% | 557.0% | Kolkata, West Bengal, India | |
| Linkwise Tie-Up Private Limited | ₹1.08 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India | |||
| Ricon Batteries Private Limited | ₹1.08 Cr (FY 2025) | -40.0% | Ahmedabad, Gujarat, India | |||
| Sancon India Private Limited | ₹1.07 Cr (FY 2016) | 25.0% | New Delhi, Delhi, India |
To see the full peer comparison of Swastik Solar Pvt Ltd, buy the company report.
Auditor
Swastik Solar Pvt Ltd is audited by R K CHANDAK & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K CHANDAK & CO | FY 2020 | 319248E |
Shareholding
The shareholding of Swastik Solar Pvt Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Swastik Solar Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jan 2012 | 10327402 | Hdfc Bank Limited | ₹50 Lakh | Open |
To see the full charge records of Swastik Solar Pvt Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Swastik Solar Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swastik Solar Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swastik Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAJCS9617H1ZT | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swastik Solar Pvt Ltd, buy the company report.
Recent activity
Swastik Solar Pvt Ltd has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Vedant Bagri ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Swastik Solar 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.
Swastik Solar was a private limited company based in Kolkata, West Bengal, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 07 February 2006 and is registered under CIN U29307WB2006PTC107760. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Swastik Solar was incorporated on 07 February 2006. It is registered with the Registrar of Companies, Kolkata.
Swastik Solar had 2 directors:
- Sunil Bagri - Director
- Vedant Bagri - Director
The CIN (Corporate Identification Number) of Swastik Solar is U29307WB2006PTC107760. 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 Swastik Solar is at 10A Hospital St4Th Floor Suit No 401, Kolkata, West Bengal, India – 700042.
The latest financial statements of Swastik Solar 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 Swastik Solar is 19AAJCS9617H1ZT, registered in West Bengal.
Swastik Solar operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
The peers of Swastik Solar by revenue are Modern Surya Private Limited, Itco Impex Ltd, Air Measure Engineering Private Limited, Linkwise Tie-Up Private Limited, Ricon Batteries Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Vedant Bagri ceased to be Additional Director on 30 Sep 2019. Lakshman Das Bagri ceased to be Director on 28 Aug 2019. Vedant Bagri was appointed as Director on 28 Aug 2019. Swastik Solar has 5 board changes on record in total.
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