Swastika Air Systems Private Limited
About Swastika Air Systems Private Limited
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Swastika Air Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 10 October 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29150MH1975PTC018592.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Karishma Anil Chugh and Lachmandas Lakhmichand Massand.
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 12 Ramjanki356 Linking Road Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.31 Lakh, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹69,281 (net margin 20.9%) and EBITDA of ₹93,626 (EBITDA margin 28.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹25.9 Lakh on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Swastika Air Systems Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address12 Ramjanki356 Linking Road Khar West, Mumbai, Maharashtra, India – 400052
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Swastika Air Systems Private Limited, 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
Financials of Swastika Air Systems Private Limited
FY 2025 filings availableSwastika Air Systems Private Limited reported revenue of ₹3.31 Lakh (up 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 28% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 36% 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 | ₹93,626 | ||||
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| Net Profit (PAT) | ₹69,281 | ||||
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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 | 28.3% | ||||
| Net Profit Margin | 20.9% | ||||
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To see the full financial statements and ratios of Swastika Air Systems Private Limited, buy the company report.
Board of directors of Swastika Air Systems Private Limited
Swastika Air Systems has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karishma Anil Chugh | Director | 10 Oct 1975 | 51 Years 0 Months | Current |
| Lachmandas Lakhmichand Massand | Director | 02 Mar 2007 | 19 Years 7 Months | Current |
| Nikhil Ramesh Sahajwani | Director | 05 Mar 2021 | 5 Years 7 Months | Current |
Auditor
Swastika Air Systems Private Limited is audited by CNK&AssociatesLLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK&AssociatesLLP | FY 2022 | 101961W |
Shareholding
The shareholding of Swastika Air Systems Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swastika Air Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 1979 | 90184506 | State Bank of India | ₹40,000 | Open | |
| 13 Jul 1979 | 90184494 | State Bank of India | ₹12.75 Lakh | Open | |
| 05 May 1977 | 90184402 | State Bank of India | ₹12.75 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
Swastika Air Systems Private Limited has 10 court cases on record: 6 filed by Swastika Air Systems, 4 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 4 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (MARJI) | Filed by the company against Ethnor Limited and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by individuals | Disposed |
To see the full case history of Swastika Air Systems 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
No delayed payments to MSME suppliers are on our record for Swastika Air Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Swastika Air Systems Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Swastika Air Systems Private Limited has 4 board changes on record since 1975: 3 appointments and 1 cessation. The latest: Nikhil Ramesh Sahajwani was appointed as Director on 05 Mar 2021.
Frequently asked questions
Swastika Air Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 10 October 1975 (51+ years old) and is registered under CIN U29150MH1975PTC018592.
Swastika Air Systems has 3 current directors:
- Karishma Anil Chugh - Director
- Lachmandas Lakhmichand Massand - Director
- Nikhil Ramesh Sahajwani - Director
The latest financial statements of Swastika Air Systems 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 CIN (Corporate Identification Number) of Swastika Air Systems is U29150MH1975PTC018592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastika Air Systems has 10 court cases on record: 6 filed by the company and 4 filed against it. 4 are pending. Most are in the district courts.
Swastika Air Systems was incorporated on 10 October 1975, making it 51+ years old. It is registered with the Registrar of Companies, Mumbai.
Nikhil Ramesh Sahajwani was appointed as Director on 05 Mar 2021. Ramesh Vishandas Sahajwani ceased to be Director on 05 Mar 2021. Lachmandas Lakhmichand Massand was appointed as Director on 02 Mar 2007. Swastika Air Systems has 4 board changes on record in total.
The registered office of Swastika Air Systems is at 12 Ramjanki356 Linking Road Khar West, Mumbai, Maharashtra, India – 400052.
Swastika Air Systems operates in the financial services industry, in the real estate financing segment.
Swastika Air Systems has open charges of ₹25.9 Lakh and no satisfied charges on record as per latest MCA filings.