About Swastik Spaces Limited
Data last updated:
Swastik Spaces Limited is a public limited company based in Virar, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2009PLC197310. Its GSTIN is 27AANCS6636E1Z1 (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Kishor Dattatray Naik (Managing Director) and Hemant Ramesh Mhatre.
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 Office Gulmohar Plaza Viva College Rd Nr. Divekar Hospital Virar – 2, Maharashtra, India – 401303.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.51 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹4.43 Cr (net margin 42.1%) and EBITDA of ₹5.94 Cr (EBITDA margin 56.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 45% over five years.
As per MCA filings, the company has satisfied charges of ₹40 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website swastikspaces.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice Gulmohar Plaza Viva College Rd Nr. Divekar Hospital Virar – 2, Maharashtra, India – 401303
- 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 Swastik Spaces Limited
The main business activity of Swastik Spaces is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | 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 Swastik Spaces Limited FY 2024 filings available
Swastik Spaces Limited reported revenue of ₹10.51 Cr (up 59% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Swastik Spaces Limited
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 59% growth 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 Swastik Spaces Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.43 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 of Swastik Spaces Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 42.1% | •••• | •••• | •••• | •••• |
| 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 Swastik Spaces 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 Swastik Spaces Limited
Swastik Spaces has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishor Dattatray Naik Also directs: Dynamic Shelters Private Limited, Jivdani Housing Projects Limited, Jeevdani Sriprastha LLP and 1 more | Managing Director | 25 Nov 2009 | 16 Years 10 Months | Current |
| Hemant Ramesh Mhatre | Director | 25 Nov 2009 | 16 Years 10 Months | Current |
| Deepak Purushottam Shah Also directs: Dynamic Shelters Private Limited, Jivdani Housing Projects Limited | Director | 25 Nov 2009 | 16 Years 10 Months | Current |
Peer Comparison of Swastik Spaces Limited
Swastik Spaces 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 |
|---|---|---|---|---|---|---|
| Kirkland S Emerging Markets Private Limited | ₹10.52 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Estatebull Realtors Private Limited | ₹10.52 Cr (FY 2025) | •••• | •••• | 691.0% | •••• | Noida, Uttar Pradesh, India |
| KNS Infraprojects Private Limited | ₹10.52 Cr (FY 2024) | •••• | •••• | 112.0% | •••• | Bangalore, Karnataka, India |
| Rohit Infra Projects Pvt. Ltd. | ₹10.52 Cr (FY 2015) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| Akshat Jyoti Real Estate Private Limited | ₹10.51 Cr (FY 2024) | •••• | •••• | 731.0% | •••• | Faridabad, Haryana, India |
| Swastik Spaces Limited this company | ₹10.51 Cr (FY 2025) | •••• | •••• | 59.0% | •••• | Virar, Maharashtra, India |
| Standard Portfolios Private Limited | ₹10.5 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Sai Lee Developers Private Limited | ₹10.5 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
| Omm Contech Private Limited | ₹10.5 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Bhubaneswar, Odisha, India |
| Energy Construction Private Limited | ₹10.5 Cr (FY 2019) | •••• | •••• | 40736.0% | •••• | Kolkata, West Bengal, India |
| Watermarke Estates Private Limited | ₹10.5 Cr (FY 2025) | •••• | •••• | 519.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Swastik Spaces 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 Swastik Spaces Limited
Swastik Spaces Limited is audited by Ashutosh D Vidwans & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ashutosh D Vidwans & Co | 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 Swastik Spaces 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 Swastik Spaces Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2012 | Tata Capital Financial Services Limited | ₹40 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Swastik Spaces Limited
Swastik Spaces Limited has 3 court cases on record: 1 filed by Swastik Spaces, 2 where it is another party. 1 case is pending and 2 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Company is another party | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra Thoru. the Sec. Urban Development Dept | Disposed |
| Bombay High Court | Court case (AO) | Company is another party | Disposed |
Full case history
All 3 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 Swastik Spaces Limited
Swastik Spaces Limited has a workforce of 0 employees as of Apr 01, 2024.
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 Swastik Spaces Limited
Swastik Spaces Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Jagdish Naik Anant ceased to be Additional Director on 30 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts for Swastik Spaces 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 Swastik Spaces 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 Swastik Spaces 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 Swastik Spaces Limited
Swastik Spaces has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCS6636E1Z1 | Maharashtra | 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 Swastik Spaces 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 Swastik Spaces Limited
Swastik Spaces is an active public limited company based in Virar, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 November 2009 (17+ years old) and is registered under CIN U70102MH2009PLC197310.
Swastik Spaces reported revenue of ₹10.51 Cr for FY 2025 (up 59% YoY).
Swastik Spaces has 3 current directors:
- Kishor Dattatray Naik - Managing Director
- Hemant Ramesh Mhatre - Director
- Deepak Purushottam Shah - Director
Swastik Spaces reported a net profit of ₹4.43 Cr (net margin 42.1%) and EBITDA of ₹5.94 Cr (EBITDA margin 56.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Swastik Spaces is 17% over three years and 45% over five years. In the latest year (FY 2025) revenue rose 59%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Swastik Spaces is 27AANCS6636E1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Swastik Spaces is U70102MH2009PLC197310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastik Spaces has 3 court cases on record: 1 filed by the company. 1 is pending.
Swastik Spaces was incorporated on 25 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Swastik Spaces by revenue are Kirkland S Emerging Markets Private Limited, Estatebull Realtors Private Limited, KNS Infraprojects Private Limited, Rohit Infra Projects Pvt. Ltd, Akshat Jyoti Real Estate Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Jagdish Naik Anant ceased to be Additional Director on 30 Sep 2016. Nitin Sadanand Patil ceased to be Additional Director on 30 Sep 2016. Kishor Dattatray Naik ceased to be Director on 04 Mar 2016. Swastik Spaces has 6 board changes on record in total.