About Aarnav Textile Mills Private Limited
Data last updated:
Aarnav Textile Mills Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 19 March 1983.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1983PTC006036. Its GSTIN is 24AABCA7792B1ZW (Gujarat).
The company had an authorised share capital of ₹9.08 Cr and a paid-up capital of ₹6.9 Cr. It was formerly known as Arnav Textile Mills Private Limited and Alok Synthetics Private Limited. It was led by directors Champalal Gopiram Agarwal and Sumit Champalal Agarwal.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Survey No. 305 Isanpur Gopi Compound Narol – Vatva Road Narol, Ahmedabad, Gujarat, India – 382405.
As per the financials filed for FY 2021, the company reported a revenue of ₹14.37 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net profit of ₹38,676 (net margin 2.7%) and EBITDA of ₹1.11 Lakh (EBITDA margin 7.7%). Revenue has declined at a compounded annual rate (CAGR) of 79% over three years and 64% over five years.
As per MCA filings, the company had satisfied charges of ₹134.42 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The last known website on record is aarnavgroup.com.
Company details
Name history
Aarnav Textile Mills has undergone 2 name changes throughout its history. The company was previously known as Arnav Textile Mills Private Limited, and Alok Synthetics Private Limited. The current legal name is Aarnav Textile Mills Private Limited.
| Company Name | Status |
|---|---|
| Aarnav Textile Mills Private Limited | Current |
| Arnav Textile Mills Private Limited | Previous |
| Alok Synthetics Private Limited | Previous |
Contact details
Aarnav Textile Mills Private Limited's registered office is in Ahmedabad, Gujarat. Its website is aarnavgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No. 305 Isanpur Gopi Compound Narol – Vatva Road Narol, Ahmedabad, Gujarat, India – 382405
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Aarnav Textile Mills 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
Business activity
The main business activity of Aarnav Textile Mills is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Aarnav Textile Mills Private Limited, buy the company report.
Financials of Aarnav Textile Mills Private Limited
FY 2021 filings availableAarnav Textile Mills Private Limited reported revenue of ₹14.37 Lakh (down 72% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years, including a 72% fall in the latest year. EBITDA fell 43% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.37 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38,676 | ||||
| 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 Aarnav Textile Mills Private Limited, buy the company report.
Board of directors of Aarnav Textile Mills Private Limited
Aarnav Textile Mills has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Champalal Gopiram Agarwal Also directs: Celestia Jubilee Realty LLP, Aarnav Fashions Limited, One World Texofab Private Limited and 4 more | Director | 27 Jun 2008 | 18 Years 4 Months | As last reported |
| Sumit Champalal Agarwal | Director | 27 Jun 2008 | 18 Years 4 Months | As last reported |
Peer comparison
Aarnav Textile Mills Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Competent Dyeing Mills Private Limited | ₹14.4 Lakh (FY 2024) | 380.0% | New Delhi, Delhi, India | |||
| Hazel Exim Private Limited | ₹14.4 Lakh (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Aarnav Textile Mills Private Limitedthis company | ₹14.37 Lakh (FY 2021) | ₹38,676 | 2.7% | -72.0% | Ahmedabad, Gujarat, India | |
| Polyearth International Private Limited | ₹14.33 Lakh (FY 2024) | 49.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Aarnav Textile Mills Private Limited, buy the company report.
Auditor
Aarnav Textile Mills Private Limited is audited by NAHTA JAIN & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAHTA JAIN & ASSOCIATES | FY 2021 | 106801W |
Shareholding
The shareholding of Aarnav Textile Mills 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 Aarnav Textile Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2019 | 100259345 | Others | ₹60.42 Cr | Satisfied | |
| 28 Feb 2012 | 10341302 | Oriental Bank of Commerce | ₹3 Cr | Satisfied | |
| 08 Mar 2007 | 10113133 | Punjab National Bank | ₹65.2 Cr | Satisfied | |
| 28 Oct 1992 | 90102583 | Bank of Baroda | ₹1.1 Cr | Satisfied | |
| 18 Jul 1992 | 90102581 | Bank of Baroda | ₹1.1 Cr | Satisfied |
To see the full charge records of Aarnav Textile Mills Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Aarnav Textile Mills Private Limited has 3 court cases on record: 3 filed by Aarnav Textile Mills. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (MA(CompaniesAct)) | Filed by the company | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company against an individual | Disposed |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Aarnav Textile Mills 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 Aarnav Textile Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aarnav Textile Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA7792B1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aarnav Textile Mills Private Limited, buy the company report.
Recent activity
Aarnav Textile Mills Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Bhavna Shah ceased to be Company Secretary on 02 Jan 2020.
30 earlier events are in the company report.
Frequently asked questions
Aarnav Textile Mills has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Aarnav Textile Mills was a private limited company based in Ahmedabad, Gujarat, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 19 March 1983 and is registered under CIN U17110GJ1983PTC006036. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aarnav Textile Mills was incorporated on 19 March 1983. It is registered with the Registrar of Companies, Ahmedabad.
Aarnav Textile Mills had 2 directors:
- Champalal Gopiram Agarwal - Director
- Sumit Champalal Agarwal - Director
The CIN (Corporate Identification Number) of Aarnav Textile Mills is U17110GJ1983PTC006036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Aarnav Textile Mills is at Survey No. 305 Isanpur Gopi Compound Narol – Vatva Road Narol, Ahmedabad, Gujarat, India – 382405.
Aarnav Textile Mills can be reached through the website aarnavgroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Aarnav Textile Mills on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Aarnav Textile Mills is 24AABCA7792B1ZW, registered in Gujarat.
Aarnav Textile Mills operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Aarnav Textile Mills by revenue are Competent Dyeing Mills Private Limited, Hazel Exim Private Limited, Polyearth International Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
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