MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0093599
Swastik Technologies Bangalore Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16 Cr
▼ 13% YoY
Net profit · FY 2024
₹12.82 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹82.07 Lakh
EBITDA margin 5.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹1.1 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
2
Provident fund records
About Swastik Technologies Bangalore Private Limited
Data last updated:
Swastik Technologies Bangalore Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 10 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA2007PTC042430. Its GSTIN is 29AAKCS7292K1ZH (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Prakash Shivalingaiah and Reshma Jakathi.
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 No. 44/2 Belmar Industrial Estate Amarajyothi Layout Nagasandra Post, Bangalore, Karnataka, India – 560073.
As per the financials filed for FY 2024, the company reported a revenue of ₹16 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹12.82 Lakh (net margin 0.8%) and EBITDA of ₹82.07 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 10% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Swastik Technologies. As per MCA filings, the company has open charges of ₹1.1 Cr on record. Court records list 7 cases involving the company, including 7 filed against it.
Swastik Technologies Bangalore Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0093599). 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 swastiktec.com.
Company details
CIN U31909KA2007PTC042430
Registration Number 042430
Incorporation Date 10 April 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0093599
Recognitions & Rankings of Swastik Technologies Bangalore
Contact details
Swastik Technologies Bangalore Private Limited's registered office is in Bangalore, Karnataka. Its website is swastiktec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 44/2 Belmar Industrial Estate Amarajyothi Layout Nagasandra Post, Bangalore, Karnataka, India – 560073
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Swastik Technologies Bangalore Private Limited, buy the company report.
Comprehensive company report
Swastik Technologies Bangalore 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
Swastik Technologies Bangalore operates one associated brand: Swastik Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial automation and electrical panel manufacturing services provided by Swastik Technologies in Bangalore. | swastiktec.com |
Business activity
The main business activity of Swastik Technologies Bangalore is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Swastik Technologies Bangalore Private Limited, buy the company report.
Financials of Swastik Technologies Bangalore Private Limited
FY 2024 filings availableSwastik Technologies Bangalore Private Limited reported revenue of ₹16 Cr (down 13% YoY) for FY 2024.
Revenue · FY 2024
₹16 Cr ▼ 13%
Net profit · FY 2024
₹12.82 Lakh margin 0.8%
EBITDA · FY 2024
₹82.07 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 16%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 23%
5 years · compounded
▲ 15%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA rose 10% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹82.07 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.82 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Swastik Technologies Bangalore Private Limited, buy the company report.
Board of directors of Swastik Technologies Bangalore Private Limited
Swastik Technologies Bangalore has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Shivalingaiah | Director | 10 Apr 2007 | 19 Years 6 Months | Current |
| Reshma Jakathi | Director | 05 Sep 2017 | 9 Years 2 Months | Current |
Peer comparison
Swastik Technologies Bangalore Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Intrans Electro Components Pvt Ltd | ₹16.1 Cr (FY 2024) | 4.0% | Aluva, Kerala, India | |||
| Swastik Technologies Bangalore Private Limitedthis company | ₹16 Cr (FY 2024) | ₹12.82 Lakh | 0.8% | -13.0% | 2 | Bangalore, Karnataka, India |
| Energe Capacitors Private Limited | ₹15.99 Cr (FY 2024) | 18.0% | Virudhunagar, Tamil Nadu, India | |||
| Digitech Controls & Automations (India) Private Limited | ₹15.98 Cr (FY 2025) | -28.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Swastik Technologies Bangalore Private Limited, buy the company report.
Auditor
Swastik Technologies Bangalore Private Limited is audited by NARESH MS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARESH MS & ASSOCIATES | FY 2023 | 244161 |
Shareholding
The shareholding of Swastik Technologies Bangalore 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 Swastik Technologies Bangalore Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2016 | 100055817 | Others | ₹10 Lakh | Open | |
| 29 Feb 2012 | 10344396 | Central Bank of India | ₹25 Lakh | Open | |
| 01 Jun 2010 | 10233238 | Central Bank of India | ₹75 Lakh | Open |
To see the full charge records of Swastik Technologies Bangalore Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Swastik Technologies Bangalore Private Limited has 7 court cases on record: 7 filed against it. All cases are disposed.
Total cases
7
Filed against the company
7
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Uday Trading Company | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Suraj Industries Suppliers | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Suraj Industries Suppliers | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Standard Chartered Bank | Disposed |
To see the full case history of Swastik Technologies Bangalore 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
Swastik Technologies Bangalore Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 61 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Novatek Electroengineers Private Limited | |||
| Elmex Electric Private Limited | |||
| an individual supplier | |||
| Eic Meters Private Limited |
To see the full MSME payment records of Swastik Technologies Bangalore Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Swastik Technologies Bangalore Private Limited has a workforce of 2 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Swastik Technologies Bangalore has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCS7292K1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swastik Technologies Bangalore Private Limited, buy the company report.
Recent activity
Swastik Technologies Bangalore Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Mantena Taraka Rama Raju ceased to be Director on 05 Sep 2017.
AGM
Swastik Technologies Bangalore Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Swastik Technologies Bangalore Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Mantena Taraka Rama Raju ceased to be Director.
Appointed
Reshma Jakathi was appointed as Director.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100055817 was registered on 17 Oct 2016.
Ceased
Puttaswamy Gowda Deve Gowda ceased to be Director.
Charges
A charge with Central Bank Of India amounted to Rs. 25.00 Lakh with Charge ID 10344396 was registered on 29 Feb 2012.
Charges
A charge with Central Bank Of India of Rs. 75.00 Lakh registered on 01 Jun 2010 with Charge ID 10233238 was modified on 29 Feb 2012.
Charges
A charge with Central Bank Of India amounted to Rs. 75.00 Lakh with Charge ID 10233238 was registered on 01 Jun 2010.
Appointed
Prakash Shivalingaiah was appointed as Director.
Incorporation
10 Apr 2007
Swastik Technologies Bangalore Private Limited was registered on 10 Apr 2007 with Roc Bangalore & aged 19 years 7 months as per MCA records.
Frequently asked questions
Swastik Technologies Bangalore is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 10 April 2007 (19+ years old) and is registered under CIN U31909KA2007PTC042430.
Swastik Technologies Bangalore has 2 current directors:
- Prakash Shivalingaiah - Director
- Reshma Jakathi - Director
The latest financial statements of Swastik Technologies Bangalore 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 Technologies Bangalore is 29AAKCS7292K1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Swastik Technologies Bangalore is U31909KA2007PTC042430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastik Technologies Bangalore has 7 court cases on record: 7 filed against it.
Swastik Technologies Bangalore was incorporated on 10 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Swastik Technologies Bangalore by revenue are Intrans Electro Components Pvt Ltd, Energe Capacitors Private Limited, Digitech Controls & Automations (India) Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mantena Taraka Rama Raju ceased to be Director on 05 Sep 2017. Reshma Jakathi was appointed as Director on 05 Sep 2017. Puttaswamy Gowda Deve Gowda ceased to be Director on 31 Mar 2012. Swastik Technologies Bangalore has 4 board changes on record in total.
Yes, Swastik Technologies Bangalore is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0093599).
Swastik Technologies Bangalore has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 61 overdue payments to 10 micro and small suppliers. The latest return was filed on 31 Oct 2019.
Swastik Technologies Bangalore can be reached through the website swastiktec.com. Its registered office is in Bangalore, Karnataka, India.
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