Swastik Textile Engineers Private Limited

Swastik Textile Engineers Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U51909GJ1946PTC000226 Incorporated 22 April 1946 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company machinery and equipment MSME · Micro
Revenue · FY 2024
₹4.59 Cr
▼ 27% YoY
Net profit · FY 2024
₹5.47 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹29.54 Lakh
EBITDA margin 6.4%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹5.5 Cr
Satisfied ₹43 Lakh
Company age
80 yrs
Est. 1946
Employees · EPFO
51
Provident fund records

About Swastik Textile Engineers Private Limited

Data last updated:

Swastik Textile Engineers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 22 April 1946 and has been in existence for over 80 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ1946PTC000226. Its GSTIN is 24AABCS5522K1ZF (Gujarat).

The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It was formerly known as Swastik Textile Trading Company Limited. It is led by directors including Suryakant Purshottamdas Mehta (Managing Director) and Sanjit Suryakant Mehta (Whole-Time 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 Swastik Premises Amraiwadi, Ahmedabad, Gujarat, India – 380026.

As per the financials filed for FY 2024, the company reported a revenue of ₹4.59 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹5.47 Lakh (net margin 1.2%) and EBITDA of ₹29.54 Lakh (EBITDA margin 6.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 8% over five years.

The company has about 51 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹43 Lakh on record. Court records list 34 cases involving the company, including 23 filed by the company and 11 filed against it; 2 cases are pending.

Swastik Textile Engineers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0006387). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swastiktextile.com.

Company details

CIN U51909GJ1946PTC000226
Registration Number 000226
Incorporation Date 22 April 1946
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0006387
Key People
Suryakant Purshottamdas Mehta Managing Director Sanjit Suryakant Mehta Whole-Time Director Asit Suryakant Mehta Director

Recognitions & Rankings of Swastik Textile Engineers

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-01-0006387

Contact details

Swastik Textile Engineers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is swastiktextile.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    swastiktextile.com
  • Registered Address
    Swastik Premises Amraiwadi, Ahmedabad, Gujarat, India – 380026
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment

To see the full contact details of Swastik Textile Engineers Private Limited, buy the company report.

Comprehensive company report
Swastik Textile Engineers 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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Business activity

The main business activity of Swastik Textile Engineers is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing28Manufacture of machinery and equipment n.e.c.

To see the full business activity and turnover split of Swastik Textile Engineers Private Limited, buy the company report.

Financials of Swastik Textile Engineers Private Limited

FY 2025 filings available

Swastik Textile Engineers Private Limited reported revenue of ₹4.59 Cr (down 27% YoY) for FY 2024.

Revenue · FY 2024
₹4.59 Cr ▼ 27%
Net profit · FY 2024
₹5.47 Lakh margin 1.2%
EBITDA · FY 2024
₹29.54 Lakh margin 6.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 8%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 45%
5 years · compounded
▼ 4%

Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 27% fall in the latest year. EBITDA fell 33% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹29.54 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.47 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin6.4%
Net Profit Margin1.2%
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 Textile Engineers Private Limited, buy the company report.

Board of directors of Swastik Textile Engineers Private Limited

Swastik Textile Engineers has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Asit Suryakant Mehta
Also directs: Fortune Plastomac LLP
Director01 Oct 200818 Years 1 MonthsCurrent
Suryakant Purshottamdas Mehta
Also directs: Fortune Plastomac LLP
Managing Director31 Dec 196263 Years 10 MonthsCurrent
Rashmi MehtaDirector26 Aug 199234 Years 2 MonthsCurrent
Amit Mehta
Also directs: Fortune Plastomac LLP
Director26 Aug 199234 Years 2 MonthsCurrent
Sanjit Suryakant Mehta
Also directs: Fortune Plastomac LLP
Whole-Time Director01 Oct 201214 Years 1 MonthsCurrent
View all directors

Auditor

Swastik Textile Engineers Private Limited is audited by MADHUSUDAN C. MASHRUWALA & CO. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
MADHUSUDAN C. MASHRUWALA & CO.FY 2022105717W

Shareholding

The shareholding of Swastik Textile Engineers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Swastik Textile Engineers Private Limited, buy the company report.

Charges & borrowings

Open charges
₹5.5 Cr
Satisfied charges
₹43 Lakh
Breakdown by lending institutions
Bank of India₹4.47 Cr
Kotak Mahindra Primus Ltd.₹1.04 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Mar 200090103192Bank of India₹2.16 CrOpen
25 Mar 200090103498Kotak Mahindra Primus Ltd.₹1.04 CrOpen
11 Aug 198890102774Bank of India₹2.31 CrOpen
10 Jan 2018100152636Bank of India₹40 LakhSatisfied
30 Sep 200390103547Kotak Mahindra Primus Ltd.₹3 LakhSatisfied

To see the full charge records of Swastik Textile Engineers Private Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Swastik Textile Engineers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Swastik Textile Engineers Private Limited has a workforce of 51 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
51
Active EPFO establishments
1
Employee growth
-1.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2751
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Swastik Textile Engineers Private Limited, buy the company report.

GST

Swastik Textile Engineers has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AABCS5522K1ZFGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Swastik Textile Engineers Private Limited, buy the company report.

Recent activity

Swastik Textile Engineers Private Limited has 7 board changes on record since 1962: 5 appointments and 2 cessations. The latest: Sanjit Suryakant Mehta was appointed as Whole-Time Director on 01 Oct 2012.

AGM
Swastik Textile Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Swastik Textile Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Bank Of India of Rs. 230.50 Lakh registered on 11 Aug 1988 with Charge ID 90102774 was modified on 17 Oct 2023.
Charges
A charge with Bank Of India of Rs. 216.00 Lakh registered on 25 Mar 2000 with Charge ID 90103192 was modified on 07 Sep 2020.
Charges
A charge registered on 10 Jan 2018 via Charge ID 100152636 with Bank Of India was fully satisfied on 05 Mar 2019.
Charges
A charge registered on 30 Sep 2003 via Charge ID 90103547 with Kotak Mahindra Primus Ltd. was fully satisfied on 18 Jan 2018.
Charges
A charge with Bank Of India amounted to Rs. 40.00 Lakh with Charge ID 100152636 was registered on 10 Jan 2018.
Appointed
Sanjit Suryakant Mehta was appointed as Whole-Time Director.
Ceased
Asit Suryakant Mehta ceased to be Additional Director.
Ceased
Satish Jayantilal Shah ceased to be Director.
Appointed
Asit Suryakant Mehta was appointed as Director.
Charges
A charge with Kotak Mahindra Primus Ltd. amounted to Rs. 3.00 Lakh with Charge ID 90103547 was registered on 30 Sep 2003.

8 earlier events are in the company report.

Frequently asked questions

Swastik Textile Engineers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 22 April 1946 (80+ years old) and is registered under CIN U51909GJ1946PTC000226.

Swastik Textile Engineers has 5 current directors:

The latest financial statements of Swastik Textile Engineers 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 Textile Engineers is 24AABCS5522K1ZF, registered in Gujarat.

The CIN (Corporate Identification Number) of Swastik Textile Engineers is U51909GJ1946PTC000226. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Swastik Textile Engineers has 34 court cases on record: 23 filed by the company and 11 filed against it. 2 are pending. Most are in the high courts.

Swastik Textile Engineers was incorporated on 22 April 1946, making it 80+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Sanjit Suryakant Mehta was appointed as Whole-Time Director on 01 Oct 2012. Asit Suryakant Mehta ceased to be Additional Director on 30 Sep 2009. Satish Jayantilal Shah ceased to be Director on 02 Apr 2009. Swastik Textile Engineers has 7 board changes on record in total.

Yes, Swastik Textile Engineers is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0006387).

Swastik Textile Engineers can be reached through the website swastiktextile.com. Its registered office is in Ahmedabad, Gujarat, India.