Adi Spintex Private Limited
About Adi Spintex Private Limited
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Adi Spintex Private Limited is a private limited company based in Kadi, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 16 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2015PTC082594. Its GSTIN is 24AANCA3182F1ZS (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anand Mafatlal Patel and Kirankumar Amrutlal Patel.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Ramesh Oil Industries Nr.Shri Sindhavi Mataji Mandir Thol Roa, D Kadi, Gujarat, India – 382715.
As per the financials filed for FY 2020, the company reported a revenue of ₹56.5 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹78.66 Lakh (net margin -1.4%) and EBITDA of -₹30.71 Lakh (EBITDA margin -0.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Adi Spintex Private Limited's registered office is in Kadi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRamesh Oil Industries Nr.Shri Sindhavi Mataji Mandir Thol Roa, D Kadi, Gujarat, India – 382715
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Adi Spintex 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 Adi Spintex 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 Adi Spintex Private Limited, buy the company report.
Financials of Adi Spintex Private Limited
FY 2020 filings availableAdi Spintex Private Limited reported revenue of ₹56.5 Cr (down 41% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 41% fall in the latest year. EBITDA fell 213% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹30.71 Lakh | ||||
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| Net Profit (PAT) | -₹78.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -1.4% | ||||
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To see the full financial statements and ratios of Adi Spintex Private Limited, buy the company report.
Board of directors of Adi Spintex Private Limited
Adi Spintex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Mafatlal Patel Also directs: Ozone Devcon Private Limited | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Kirankumar Amrutlal Patel Also directs: Santok Girdhar LLP | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Adi Spintex Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Satyanarayan Dresses Private Limited | ₹57.15 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Hiramoti Tex Chem Pvt Ltd | ₹56.87 Cr (FY 2025) | -16.0% | Ahmedabad, Gujarat, India | |||
| Pradeep Indsutrial Packers Private Limited | ₹56.78 Cr (FY 2024) | 25.0% | Karnataka, India | |||
| Adi Spintex Private Limitedthis company | ₹56.5 Cr (FY 2020) | -₹78.66 Lakh | -1.4% | -41.0% | Kadi, Gujarat, India | |
| Cut and Curves Fashionwear Private Limited | ₹56.23 Cr (FY 2019) | 16.0% | Mumbai, Maharashtra, India | |||
| BDB Exim Private Limited | ₹55.98 Cr (FY 2025) | 25.0% | Kolkata, West Bengal, India | |||
| Flaxen Textiles Private Limited | ₹55.97 Cr (FY 2025) | -38.0% | Ahmedabad, Gujarat, India | |||
| Uday Yarn Twisters Pvt Ltd | ₹55.93 Cr (FY 2024) | 579.0% | Surat, Gujarat, India | |||
| Shape of You Private Limited | ₹55.87 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Adi Spintex Private Limited, buy the company report.
Auditor
Adi Spintex Private Limited is audited by NILAY SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NILAY SHAH & CO | FY 2019 | 126295W |
Shareholding
The shareholding of Adi Spintex Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Adi Spintex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2019 | 100266704 | Others | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Adi Spintex 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 Adi Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adi Spintex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA3182F1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adi Spintex Private Limited, buy the company report.
Recent activity
Adi Spintex Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Anand Mafatlal Patel was appointed as Director on 16 Mar 2015.
Frequently asked questions
Adi Spintex is an active private limited company based in Kadi, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 16 March 2015 (11+ years old) and is registered under CIN U17120GJ2015PTC082594.
Adi Spintex has 2 current directors:
- Anand Mafatlal Patel - Director
- Kirankumar Amrutlal Patel - Director
The latest financial statements of Adi Spintex on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Adi Spintex is 24AANCA3182F1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Adi Spintex is U17120GJ2015PTC082594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adi Spintex was incorporated on 16 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Adi Spintex by revenue are Satyanarayan Dresses Private Limited, Hiramoti Tex Chem Pvt Ltd, Pradeep Indsutrial Packers Private Limited, Cut and Curves Fashionwear Private Limited, BDB Exim Private Limited and 3 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Anand Mafatlal Patel was appointed as Director on 16 Mar 2015. Kirankumar Amrutlal Patel was appointed as Director on 16 Mar 2015.
The registered office of Adi Spintex is at Ramesh Oil Industries Nr.Shri Sindhavi Mataji Mandir Thol Roa, D Kadi, Gujarat, India – 382715.
Adi Spintex operates in the home and lifestyle industry, in the textile retail and distribution segment.
Adi Spintex has open charges of ₹1 Cr and no satisfied charges on record as per latest MCA filings.
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