Swastik Safe Deposit and Investments Limited, established in 1940 in Mumbai, operates as a Non-Banking Financial Institution (NBFI) under the Reserve Bank of India's regulations, focusing on lending and investment activities without accepting public deposits. The company is substantially controlled by the Promoter Group, with a significant portion of equity shares—74.39%—held by Piramal Corporate Services Private Limited (PCSPL). This ownership structure was solidified following a merger sanctioned by the National Company Law Tribunal in 2018, which combined Piramal Texturising Private Limited, Vulcan Investments Private Limited, and the former Piramal Corporate Services Limited into PCSPL. This strategic consolidation underlines the company's focus on maintaining robust financial governance and leveraging synergies within its promoter group.
