Sawaca Communication was incorporated in March 1995. The company has a business and communication center in Ahmedabad, In 1996, the company generated Rs 2.5 crore through equity for its expansion plans of setting up similar centers in Mumbai, Baroda, Ahmedabad, Surat, Rajkot and other major cities; for importing and marketing telecommunication products and devices including cordless telephones, desktop telephones, fax machines, fax modems, pagers, cellular telephones; and for funding software development projects.
On August 24, 2006, the Securities Appellate Tribunal (SAT) penalized Securities and Exchange Board of India (SEBI) for fallaciously debarring the company and its promoters from accessing the capital markets for a period of five years. The setback due to this penalisation had caused considerable damage to the company, and it has been suspended from BSE on account of non-disclosure of listing agreement clauses.
The registered office of the company is located at 309 Mahakant Complex, Near V.S. Hospital, Ellisbridge, Ahmedabad-380006, Gujarat.
Business area of the company:
The company is engaged in operating business and communication centers.