MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0041661
Swastik Spintex Limited - manufacturing in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.83 Cr
▼ 14% YoY
Net loss · FY 2025
₹11.09 Lakh
Net margin -1.4%
EBITDA · FY 2025
₹9.53 Lakh
EBITDA margin 1.2%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.11 Cr
Issued & subscribed
Open charges
₹1.32 Cr
Secured borrowings
Company age
32 yrs
Est. 1994
Directors on board
4
As per MCA filings
About Swastik Spintex Limited
Data last updated:
Swastik Spintex Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 13 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U17124MP1994PLC008721. Its GSTIN is 23AACCS4387F1ZE (Madhya Pradesh).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.11 Cr. It is led by directors including Ghanshyam Rathi (Managing Director) and Vinod Kumar Rathi (Managing Director).
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 20th Km Village Rajoda Post Solsinda Sanwer Road, Indore, Madhya Pradesh, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.83 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹11.09 Lakh (net margin -1.4%) and EBITDA of ₹9.53 Lakh (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹1.32 Cr on record.
Swastik Spintex Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0041661). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swastikindore.com.
Company details
CIN U17124MP1994PLC008721
Registration Number 008721
Incorporation Date 13 October 1994
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0041661
CIN history
Swastik Spintex has one previous CIN (Corporate Identification Number): L17124MP1994PLC008721. The current CIN is U17124MP1994PLC008721, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17124MP1994PLC008721 | Current |
| L17124MP1994PLC008721 | Previous |
Key People
Ghanshyam Rathi Managing Director Vinod Kumar Rathi Managing Director Meetu Baheti Whole-Time Director Recognitions & Rankings of Swastik Spintex
Contact details
Swastik Spintex Limited's registered office is in Indore, Madhya Pradesh. Its website is swastikindore.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address20th Km Village Rajoda Post Solsinda Sanwer Road, Indore, Madhya Pradesh, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Swastik Spintex Limited, buy the company report.
Comprehensive company report
Swastik Spintex 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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Business activity
The main business activity of Swastik Spintex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Swastik Spintex Limited, buy the company report.
Financials of Swastik Spintex Limited
FY 2025 filings availableSwastik Spintex Limited reported revenue of ₹7.83 Cr (down 14% YoY) for FY 2025.
Revenue · FY 2025
₹7.83 Cr ▼ 14%
Net loss · FY 2025
₹11.09 Lakh margin -1.4%
EBITDA · FY 2025
₹9.53 Lakh margin 1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 10%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 120%
3 years · compounded
▼ 57%
5 years · compounded
▲ 19%
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 120% 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 |
|---|---|---|---|---|---|
| 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 | ₹9.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.09 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -1.4% | ||||
| 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 Swastik Spintex Limited, buy the company report.
Board of directors of Swastik Spintex Limited
Swastik Spintex has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meetu Baheti | Whole-Time Director | 20 Mar 2007 | 19 Years 7 Months | Current |
| Ankit Rathi | Director | 05 Apr 2022 | 4 Years 6 Months | Current |
| Ghanshyam Rathi | Managing Director | 13 Oct 1994 | 32 Years 0 Months | Current |
| Vinod Kumar Rathi | Managing Director | 01 Oct 2007 | 19 Years 1 Months | Current |
Peer comparison
Swastik Spintex Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| C.H. Fashion Private Limited | ₹7.83 Cr (FY 2025) | -5.0% | Surat, Gujarat, India | |||
| Mangalmay Weaver S Pvt Ltd | ₹7.83 Cr (FY 2025) | 17.0% | Surat, Gujarat, India | |||
| Honey Fashion Private Limited | ₹7.83 Cr (FY 2025) | 16.0% | Surat, Gujarat, India | |||
| Sahkar Synthetics Private Limited | ₹7.83 Cr (FY 2024) | -39.0% | Surat, Gujarat, India | |||
| Swastik Spintex Limitedthis company | ₹7.83 Cr (FY 2025) | -₹11.09 Lakh | -1.4% | -14.0% | Indore, Madhya Pradesh, India | |
| Jay Geegev Processors Private Limited | ₹7.82 Cr (FY 2018) | 8.0% | Surat, Gujarat, India | |||
| Mezzo Clothings Private Limited | ₹7.8 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India |
To see the full peer comparison of Swastik Spintex Limited, buy the company report.
Auditor
Swastik Spintex Limited is audited by GDK & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GDK & ASSOCIATES | FY 2023 | 002159C |
Shareholding
The shareholding of Swastik Spintex 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 Swastik Spintex Limited, buy the company report.
Charges & borrowings
Open charges
₹1.32 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2017 | 100127338 | Others | ₹6.75 Lakh | Open | |
| 08 Oct 2014 | 10572643 | Icici Bank Limited | ₹11.91 Lakh | Open | |
| 19 Jul 1996 | 90203232 | State Bank of India | ₹1.13 Cr | Open |
To see the full charge records of Swastik Spintex Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Swastik Spintex Limited 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
Swastik Spintex Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| 1 | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Swastik Spintex Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Swastik Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCS4387F1ZE | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swastik Spintex Limited, buy the company report.
Recent activity
Swastik Spintex Limited has 11 board changes on record since 1994: 4 appointments and 7 cessations. The latest: Dinesh Kumar Rathi ceased to be Director on 25 May 2022.
AGM
Swastik Spintex Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Swastik Spintex Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with State Bank Of India of Rs. 1.13 Cr registered on 19 Jul 1996 with Charge ID 90203232 was modified on 13 Jun 2022.
Ceased
Dinesh Kumar Rathi ceased to be Director.
Appointed
Ankit Rathi was appointed as Director.
Ceased
Bhavesh Bhatt ceased to be Director.
Ceased
Prithvi Raj Chitlangia ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.07 Cr with Charge ID 100127338 was registered on 28 Apr 2017.
Charges
A charge with Icici Bank Limited amounted to Rs. 0.12 Cr with Charge ID 10572643 was registered on 08 Oct 2014.
Ceased
Kastur Chand Somani ceased to be Director.
Ceased
Vijay Biyani ceased to be Director.
Appointed
Vinod Kumar Rathi was appointed as Managing Director.
6 earlier events are in the company report.
Frequently asked questions
Swastik Spintex is an active public limited company based in Indore, Madhya Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 13 October 1994 (32+ years old) and is registered under CIN U17124MP1994PLC008721.
Swastik Spintex has 4 current directors:
- Ghanshyam Rathi - Managing Director
- Vinod Kumar Rathi - Managing Director
- Meetu Baheti - Whole-Time Director
- Ankit Rathi - Director
The latest financial statements of Swastik Spintex 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 Spintex is 23AACCS4387F1ZE, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Swastik Spintex is U17124MP1994PLC008721. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastik Spintex was incorporated on 13 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Swastik Spintex by revenue are C.H. Fashion Private Limited, Mangalmay Weaver S Pvt Ltd, Honey Fashion Private Limited, Sahkar Synthetics Private Limited, Jay Geegev Processors Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Dinesh Kumar Rathi ceased to be Director on 25 May 2022. Ankit Rathi was appointed as Director on 05 Apr 2022. Bhavesh Bhatt ceased to be Director on 28 Dec 2020. Swastik Spintex has 11 board changes on record in total.
Yes, Swastik Spintex is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0041661).
Swastik Spintex has 5 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Swastik Spintex can be reached through the website swastikindore.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Swastik Spintex is at 20th Km Village Rajoda Post Solsinda Sanwer Road, Indore, Madhya Pradesh, India.
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