MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-AP-04-0000022
Ajanta Spintex Private Limited
Ajanta Spintex Private Limited - appreal & fashion in Narasaraopet, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹77.57 Cr
Latest filing
Net profit · FY 2023
₹54.87 Lakh
Net margin 0.7%
EBITDA · FY 2023
₹5.54 Cr
EBITDA margin 7.1%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹12.97 Cr
Issued & subscribed
Open charges
₹45.54 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
111
Provident fund records
About Ajanta Spintex Private Limited
Data last updated:
Ajanta Spintex Private Limited is a private limited company based in Narasaraopet, Andhra Pradesh, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 23 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U17291AP2010PTC071854. Its GSTIN is 37AAJCA1016E1Z6 (Andhra Pradesh).
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.97 Cr. It was formerly known as Ajanta Spintex (India) Private Limited and Ajanta Spintex (India) Limited. It is led by directors including Srikanth Reddy Ippala (Managing Director) and Ippala Dhanareddy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Door No.7 – 2 – 68 Old Police Station Road, Narasaraopet, Andhra Pradesh, India – 522601.
As per the financials filed for FY 2023, the company reported a revenue of ₹77.57 Cr. For the same year it recorded a net profit of ₹54.87 Lakh (net margin 0.7%) and EBITDA of ₹5.54 Cr (EBITDA margin 7.1%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.54 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 2 cases are pending.
Ajanta Spintex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-04-0000022). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U17291AP2010PTC071854
Registration Number 071854
Incorporation Date 23 December 2010
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-AP-04-0000022
Name history
Ajanta Spintex has undergone 3 name changes throughout its history. The company was previously known as Ajanta Spintex (India) Private Limited, Ajanta Spintex (India) Limited, and Ajanta Spintex Limited. The current legal name is Ajanta Spintex Private Limited.
| Company Name | Status |
|---|---|
| Ajanta Spintex Private Limited | Current |
| Ajanta Spintex (India) Private Limited | Previous |
| Ajanta Spintex (India) Limited | Previous |
| Ajanta Spintex Limited | Previous |
CIN history
Ajanta Spintex has one previous CIN (Corporate Identification Number): U17291AP2010PLC071854. The current CIN is U17291AP2010PTC071854, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17291AP2010PTC071854 | Current |
| U17291AP2010PLC071854 | Previous |
Key People
Srikanth Reddy Ippala Managing Director Talla Reddy Rajasekhara Cfo Ippala Dhanareddy Director Recognitions & Rankings of Ajanta Spintex
Contact details
Ajanta Spintex Private Limited's registered office is in Narasaraopet, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No.7 – 2 – 68 Old Police Station Road, Narasaraopet, Andhra Pradesh, India – 522601
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Ajanta Spintex Private Limited, buy the company report.
Comprehensive company report
Ajanta Spintex Private Limited - one report that includes everything
- 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
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Financials of Ajanta Spintex Private Limited
FY 2023 filings availableAjanta Spintex Private Limited reported revenue of ₹77.57 Cr for FY 2023.
Revenue · FY 2023
₹77.57 Cr
Net profit · FY 2023
₹54.87 Lakh margin 0.7%
EBITDA · FY 2023
₹5.54 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 5%
5 years · compounded
▼ 3%
EBITDA CAGR growth
3 years · compounded
▲ 20%
5 years · compounded
▲ 22%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹77.57 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.87 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Ajanta Spintex Private Limited, buy the company report.
Board of directors and KMP of Ajanta Spintex Private Limited
Ajanta Spintex Private Limited currently reports 4 directors and 1 key managerial person. 11 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srikanth Reddy Ippala | Managing Director | 25 Jan 2011 | 15 Years 8 Months | Current |
| Ippala Dhanareddy Also directs: Ajantha Ghee and Allied Products Private Limited | Director | 23 Nov 2012 | 13 Years 11 Months | Current |
| Krishna Reddy Chirra | Director | 16 Oct 2011 | 15 Years 0 Months | Current |
| Narapa Reddy Devagiri | Director | 04 Jun 2015 | 11 Years 4 Months | Current |
| Talla Reddy Rajasekhara | Cfo | 30 Dec 2016 | 9 Years 9 Months | Current |
Auditor
Ajanta Spintex Private Limited is audited by Umamaheswara Rao & Co Name of for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Umamaheswara Rao & Co Name of | FY 2023 | 004453S |
Shareholding
The shareholding of Ajanta Spintex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ajanta Spintex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45.54 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Oct 2022 | 100628301 | Others | ₹3 Cr | Open | |
| 30 Aug 2022 | 100694905 | Hdfc Bank Limited | ₹24 Lakh | Open | |
| 08 Dec 2021 | 100507204 | Others | ₹8.87 Cr | Open | |
| 24 Jun 2021 | 100455685 | Others | ₹4 Cr | Open | |
| 27 Jul 2020 | 100359858 | Others | ₹2.2 Cr | Open |
To see the full charge records of Ajanta Spintex Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Ajanta Spintex Private Limited has 7 court cases on record: 4 filed by Ajanta Spintex, 3 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 2 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Devika Agency LLP | Disposed |
| High Court of Andhra Pradesh | Appeal | Filed against the company by The State of Andhra Pradesh | Pending |
| High Court of Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against State of Andhra Pradesh, and 4 others | Disposed |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by an individual | Disposed |
To see the full case history of Ajanta Spintex 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.
Credit ratings & regulatory alerts
Ajanta Spintex Private Limited was last rated by Care on 16 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Aug 2022 |
To see the full credit ratings and regulatory alerts of Ajanta Spintex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ajanta Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ajanta Spintex Private Limited has a workforce of 111 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
111
Active EPFO establishments
1
Employee growth
3.74%
GST
Ajanta Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAJCA1016E1Z6 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ajanta Spintex Private Limited, buy the company report.
Recent activity
Ajanta Spintex Private Limited has 14 board changes on record since 2011: 5 appointments and 9 cessations. The latest: Sasikanthreddy Ippala ceased to be Director on 01 Mar 2019.
AGM
Ajanta Spintex Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge with Indian Bank of Rs. 27.23 Cr registered on 27 Mar 2012 with Charge ID 10351088 was modified on 19 Apr 2023.
Filing
Ajanta Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100628301 was registered on 18 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 100694905 was registered on 30 Aug 2022.
Charges
A charge with Others amounted to Rs. 8.87 Cr with Charge ID 100507204 was registered on 08 Dec 2021.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100455685 was registered on 24 Jun 2021.
Charges
A charge with Others of Rs. 2.20 Cr registered on 27 Jul 2020 with Charge ID 100359858 was modified on 28 Jul 2020.
Charges
A charge with Others amounted to Rs. 2.20 Cr with Charge ID 100359858 was registered on 27 Jul 2020.
Ceased
Sasikanthreddy Ippala ceased to be Director.
Ceased
Konatham Yerukala Reddy ceased to be Additional Director.
Ceased
Rodda Rama Devi ceased to be Additional Director.
13 earlier events are in the company report.
Frequently asked questions
Ajanta Spintex is an active private limited company based in Narasaraopet, Andhra Pradesh, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 23 December 2010 (16+ years old) and is registered under CIN U17291AP2010PTC071854.
Ajanta Spintex has 5 current directors and KMP:
- Srikanth Reddy Ippala - Managing Director
- Ippala Dhanareddy - Director
- Krishna Reddy Chirra - Director
- Narapa Reddy Devagiri - Director
- Talla Reddy Rajasekhara - Cfo
The latest financial statements of Ajanta Spintex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ajanta Spintex is 37AAJCA1016E1Z6, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Ajanta Spintex is U17291AP2010PTC071854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajanta Spintex has 7 court cases on record: 4 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Ajanta Spintex was incorporated on 23 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Vijayawada.
Sasikanthreddy Ippala ceased to be Director on 01 Mar 2019. Konatham Yerukala Reddy ceased to be Additional Director on 29 Sep 2017. Rodda Rama Devi ceased to be Additional Director on 29 Sep 2017. Ajanta Spintex has 14 board changes on record in total.
Yes, Ajanta Spintex is registered as a medium enterprise under Udyam registration (number: UDYAM-AP-04-0000022).
The registered office of Ajanta Spintex is at Door No.7 – 2 – 68 Old Police Station Road, Narasaraopet, Andhra Pradesh, India – 522601.