Swelore Engineering Private Limited

Swelore Engineering Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U29199GJ1981PTC004202 Incorporated 20 March 1981 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2024
₹45.64 Cr
▼ 12% YoY
Net profit · FY 2024
₹2.21 Cr
Net margin 4.8%
EBITDA · FY 2024
₹5.48 Cr
EBITDA margin 12%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹3.7 Cr
Company age
45 yrs
Est. 1981
Employees · EPFO
180
Provident fund records

About Swelore Engineering Private Limited

Data last updated:

Swelore Engineering Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial pumps and fluid systems segment of the machinery and industrial equipment sector. It was incorporated on 20 March 1981 and has been in existence for over 45 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ1981PTC004202. Its GSTIN is 24AADCS8224N1Z2 (Gujarat).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Chirantan Rohit Gajjar (Managing Director) and Hirenbhai Rasiklal Gajjar (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 Plot No.2109 Phase – III GIDC Vatva Ahmedabad, Gujarat, India – 382445.

As per the financials filed for FY 2024, the company reported a revenue of ₹45.64 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹2.21 Cr (net margin 4.8%) and EBITDA of ₹5.48 Cr (EBITDA margin 12%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.

The company has about 180 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Swelore. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹3.7 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹1.85 Cr; the latest was in January 2020.

Swelore Engineering Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0019880). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swelore.com.

Company details

CIN U29199GJ1981PTC004202
Registration Number 004202
Incorporation Date 20 March 1981
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-01-0019880
Key People
Chirantan Rohit Gajjar Managing Director Hirenbhai Rasiklal Gajjar Whole-Time Director Royal Gajjar Whole-Time Director

Recognitions & Rankings of Swelore Engineering

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0019880

Contact details

Swelore Engineering Private Limited's registered office is in Ahmedabad, Gujarat. Its website is swelore.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    swelore.com
  • Registered Address
    Plot No.2109 Phase – III GIDC Vatva Ahmedabad, Gujarat, India – 382445
  • Industry
    Machinery and Equipment, Industrial Pumps & Fluid Systems

To see the full contact details of Swelore Engineering Private Limited, buy the company report.

Comprehensive company report
Swelore Engineering 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Swelore Engineering operates one associated brand: Swelore. Each brand links to its own profile.

BrandDescriptionWebsite
Swelore
Provider of industrial motors, pumps, gears, and lightingswelore.com

Business activity

The main business activity of Swelore Engineering is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Swelore Engineering Private Limited, buy the company report.

Financials of Swelore Engineering Private Limited

FY 2025 filings available

Swelore Engineering Private Limited reported revenue of ₹45.64 Cr (down 12% YoY) for FY 2024.

Revenue · FY 2024
₹45.64 Cr ▼ 12%
Net profit · FY 2024
₹2.21 Cr margin 4.8%
EBITDA · FY 2024
₹5.48 Cr margin 12%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 3%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 19%
5 years · compounded
▼ 8%

Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 12% fall in the latest year. EBITDA fell 21% 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₹5.48 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.21 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin12%
Net Profit Margin4.8%
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 Swelore Engineering Private Limited, buy the company report.

Board of directors of Swelore Engineering Private Limited

Swelore Engineering has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hirenbhai Rasiklal Gajjar
Also directs: Hiro-Nisha Systems Private Limited
Whole-Time Director20 Mar 198145 Years 7 MonthsCurrent
Royal Gajjar
Also directs: Hiro-Nisha Systems Private Limited
Whole-Time Director01 May 201214 Years 5 MonthsCurrent
Chirantan Rohit Gajjar
Also directs: Hiro-Nisha Systems Private Limited
Managing Director20 Mar 198145 Years 7 MonthsCurrent
Hiren Harshadrai Mistry
Also directs: Hiro-Nisha Systems Private Limited, Allweiler India Private Limited
Director30 Sep 20251 Years 1 MonthsCurrent
Daniel Stirpe
Also directs: Hiro-Nisha Systems Private Limited, Allweiler India Private Limited
Director30 Sep 20251 Years 1 MonthsCurrent
Matthias Probian
Also directs: Hiro-Nisha Systems Private Limited, Allweiler India Private Limited
Director30 Sep 20251 Years 1 MonthsCurrent
View all directors

Auditor

Swelore Engineering Private Limited is audited by B.A. Pavagadhi & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B.A. Pavagadhi & Co.FY 2023107862W

Shareholding

The shareholding of Swelore Engineering 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Swelore Engineering Private Limited, buy the company report.

Charges & borrowings

Open charges
₹50 Cr
Satisfied charges
₹3.7 Cr
Breakdown by lending institutions
State Bank of India₹44.00 Cr
Hdfc Bank Limited₹6.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Aug 2020100371102Hdfc Bank Limited₹6 CrOpen
01 Apr 201310415962State Bank of India₹22 CrOpen
17 Dec 199690103688State Bank of India₹22 CrOpen
21 Mar 200710051014State Bank of India₹3.7 CrSatisfied

To see the full charge records of Swelore Engineering Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Swelore Engineering Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹1.85 Cr; the latest was in January 2020.

Total deals
7
Secondary share transfers
4
Funding rounds
3
Disclosed funding
₹1.85 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Jan 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Aug 2017Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Mar 2014Funding round₹1.5 CrInvestors: 4 individuals
Nov 2013Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Mar 2012Secondary share transferUndisclosedSeller: 4 individuals

To see the full deal history of Swelore Engineering Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Swelore Engineering Private Limited was last rated by Crisil on 20 Jul 2020.

Rating agencyRated onRating
Crisil20 Jul 2020

To see the full credit ratings and regulatory alerts of Swelore Engineering Private Limited, buy the company report.

MSME payment delays

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

Employees & EPFO

Swelore Engineering Private Limited has a workforce of 180 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.

Employee count
180
Active EPFO establishments
1
Employee growth
0.56%

GST

Swelore Engineering has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCS8224N1Z2GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Swelore Engineering Private Limited, buy the company report.

Recent activity

Swelore Engineering Private Limited has 8 board changes on record since 1981: 7 appointments and 1 cessation. The latest: Daniel Stirpe was appointed as Director on 30 Sep 2025.

AGM
Swelore Engineering Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Daniel Stirpe was appointed as Director.
Appointed
Hiren Harshadrai Mistry was appointed as Director.
Appointed
Matthias Probian was appointed as Director.
Filing
Swelore Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 21 Mar 2007 via Charge ID 10051014 with State Bank Of India was fully satisfied on 24 Jun 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 6.00 Cr registered on 29 Aug 2020 with Charge ID 100371102 was modified on 08 Apr 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.00 Cr with Charge ID 100371102 was registered on 29 Aug 2020.
Charges
A charge with State Bank Of India of Rs. 22.00 Cr registered on 01 Apr 2013 with Charge ID 10415962 was modified on 10 May 2018.
Charges
A charge with State Bank Of India of Rs. 22.00 Cr registered on 17 Dec 1996 with Charge ID 90103688 was modified on 22 Feb 2018.
Ceased
Rohit Rasiklal Gajjar ceased to be Managing Director.
Charges
A charge with State Bank Of India amounted to Rs. 22.00 Cr with Charge ID 10415962 was registered on 01 Apr 2013.

7 earlier events are in the company report.

Frequently asked questions

Swelore Engineering is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial pumps and fluid systems, within the machinery and equipment industry. It was incorporated on 20 March 1981 (45+ years old) and is registered under CIN U29199GJ1981PTC004202.

Swelore Engineering has 6 current directors:

The latest financial statements of Swelore Engineering 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 Swelore Engineering is 24AADCS8224N1Z2, registered in Gujarat.

The CIN (Corporate Identification Number) of Swelore Engineering is U29199GJ1981PTC004202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Swelore Engineering has 5 court cases on record: 4 filed by the company and 1 filed against it. Most are in the district courts.

Swelore Engineering was incorporated on 20 March 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Swelore Engineering has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹1.85 Cr; the latest was in January 2020.

Daniel Stirpe was appointed as Director on 30 Sep 2025. Hiren Harshadrai Mistry was appointed as Director on 30 Sep 2025. Matthias Probian was appointed as Director on 30 Sep 2025. Swelore Engineering has 8 board changes on record in total.

Yes, Swelore Engineering is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0019880).