About Fibertex Private Limited
Data last updated:
Fibertex Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Fibertex Nonwovens A/S. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 28 April 2016.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016FTC092614. Its GSTIN is 29AACCF8034E1ZP (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.19 Cr. It is led by directors including Henrik Kjeldsen and Rathnakar Chikkayya Shetty (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.302 & 305 3rd Floor Ali Plaza No.1C – 308/4 Nehru Road Hrbr Layout 3rd Block, Bangalore, Karnataka, India – 560084.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.59 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹14.64 Lakh (net margin 407.8%) and EBITDA of -₹1.34 Cr. Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 63% over five years.
The last known website on record is fibertex.com.
Company details
Contact details
Fibertex Private Limited's registered office is in Bangalore, Karnataka. Its website is fibertex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.302 & 305 3rd Floor Ali Plaza No.1C – 308/4 Nehru Road Hrbr Layout 3rd Block, Bangalore, Karnataka, India – 560084
- IndustryHome & Lifestyle, Textile Retail & Distribution
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- 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 Fibertex Private Limited
FY 2024 filings availableFibertex Private Limited reported revenue of ₹3.59 Lakh (down 99% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 99% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.59 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.64 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 407.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Fibertex Private Limited, buy the company report.
Board of directors of Fibertex Private Limited
Fibertex has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Henrik Kjeldsen | Director | 27 Oct 2020 | 6 Years 0 Months | As last reported |
| Rathnakar Chikkayya Shetty Also directs: Rpar and Co LLP | Irp/Rp/Liquidator | 03 Feb 2025 | 1 Years 9 Months | As last reported |
| Satish Srinivasan | Director | 07 Jan 2019 | 7 Years 10 Months | As last reported |
Auditor
Fibertex Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2021 | 101049W/E300004 |
Shareholding
The shareholding of Fibertex Private Limited is on record for 3 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 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Fibertex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Fibertex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fibertex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fibertex has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF8034E1ZP | Karnataka | Active | 01 Jul 2017 |
| 33AACCF8034E1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fibertex Private Limited, buy the company report.
Recent activity
Fibertex Private Limited has 9 board changes on record since 2018: 3 appointments and 6 cessations. The latest: Rathnakar Chikkayya Shetty was appointed as Irp/Rp/Liquidator on 03 Feb 2025.
Frequently asked questions
Fibertex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Fibertex is a company under liquidation, formerly operating as a foreign private limited company based in Bangalore, Karnataka, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 28 April 2016 and is registered under CIN U74999KA2016FTC092614. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fibertex has 3 current directors:
- Henrik Kjeldsen - Director
- Satish Srinivasan - Director
- Rathnakar Chikkayya Shetty - Irp/Rp/Liquidator
The latest financial statements of Fibertex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Fibertex is U74999KA2016FTC092614. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fibertex was incorporated on 28 April 2016. It is registered with the Registrar of Companies, Bangalore.
Rathnakar Chikkayya Shetty was appointed as Irp/Rp/Liquidator on 03 Feb 2025. Clive Alexander Hitchcock ceased to be Additional Director on 25 Nov 2021. Brian Schou Nielsen ceased to be Director on 27 Mar 2021. Fibertex has 9 board changes on record in total.
Fibertex can be reached through the website fibertex.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Fibertex is at No.302 & 305 3rd Floor Ali Plaza No.1C – 3084 Nehru Road Hrbr Layout 3rd Block, Bangalore, Karnataka, India – 560084.
The GSTIN of Fibertex is 29AACCF8034E1ZP, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AACCF8034E1Z0 (Tamil Nadu).
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