Akm Global Textile Private Limited
About Akm Global Textile Private Limited
Data last updated:
Akm Global Textile Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Devashish Polymers Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 20 December 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1999PTC123188.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹18.01 Lakh. It was led by directors Sunita Chandrakant Mody and Charulata Aditya Mody.
Its last annual general meeting (AGM) was held on 30 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 1st Floor Amrut Niwas 14 Sarojini Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.45 Lakh. For the same year it recorded a net loss of ₹48,750 (net margin -33.6%) and EBITDA of ₹26,294 (EBITDA margin 18.1%). Revenue has declined at a compounded annual rate (CAGR) of 113% over three years and 25% over five years.
As per MCA filings, the company had satisfied charges of ₹20 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Akm Global Textile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Amrut Niwas 14 Sarojini Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Akm Global Textile 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 Akm Global Textile is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Akm Global Textile Private Limited, buy the company report.
Financials of Akm Global Textile Private Limited
FY 2023 filings availableAkm Global Textile Private Limited reported revenue of ₹1.45 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years. EBITDA rose 192% 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 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 | ₹1.45 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹26,294 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹48,750 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.1% | ||||
| Net Profit Margin | -33.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Akm Global Textile Private Limited, buy the company report.
Board of directors of Akm Global Textile Private Limited
Akm Global Textile has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Chandrakant Mody | Director | 09 Nov 2000 | 25 Years 11 Months | As last reported |
| Charulata Aditya Mody Also directs: Mody Linen Fibre Private Limited, Mayank Mody Rubber Technosinc Private Limited, Devashish Polymers Private Limited and 1 more | Director | 09 Nov 2000 | 25 Years 11 Months | As last reported |
Peer comparison
Akm Global Textile Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hayakriva Chit Funds Private Limited | ₹1.46 Lakh (FY 2024) | 22.0% | Manapparai, Tamil Nadu, India | |||
| Akm Global Textile Private Limitedthis company | ₹1.45 Lakh (FY 2023) | -₹48,750 | -33.6% | Mumbai, Maharashtra, India | ||
| CNR Hithachinthana Nidhi Limited | ₹1.45 Lakh (FY 2020) | Bangalore, Karnataka, India | ||||
| Vajir Commerce and Investment Private Limited | ₹1.45 Lakh (FY 2021) | 5.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Akm Global Textile Private Limited, buy the company report.
Auditor
Akm Global Textile Private Limited is audited by M. K. Chotia & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. K. Chotia & Co. | FY 2023 | 126640W |
Shareholding
The shareholding of Akm Global Textile 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 Akm Global Textile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2001 | 90143467 | Punjab National Bank | ₹20 Lakh | Satisfied |
To see the full charge records of Akm Global Textile Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Akm Global Textile Private Limited has 2 court cases on record: 2 filed by Akm Global Textile. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Akm Global Textile 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 Akm Global Textile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Akm Global Textile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Akm Global Textile Private Limited has 4 board changes on record since 2000: 2 appointments and 2 cessations. The latest: Sajjan Nanuram Keyal ceased to be Director on 03 Mar 2020.
Frequently asked questions
Akm Global Textile 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.
Akm Global Textile was a private limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 20 December 1999 and is registered under CIN U17100MH1999PTC123188. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Akm Global Textile was incorporated on 20 December 1999. It is registered with the Registrar of Companies, Mumbai.
Akm Global Textile had 2 directors:
- Sunita Chandrakant Mody - Director
- Charulata Aditya Mody - Director
The CIN (Corporate Identification Number) of Akm Global Textile is U17100MH1999PTC123188. 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 Akm Global Textile is at 1st Floor Amrut Niwas 14 Sarojini Road Santacruz West, Mumbai, Maharashtra, India – 400054.
The latest financial statements of Akm Global Textile on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 June 2023. Year-wise statements from 2015 are in the company report.
Akm Global Textile operated in the financial services industry, in the diversified financial services segment.
The peers of Akm Global Textile by revenue are Hayakriva Chit Funds Private Limited, CNR Hithachinthana Nidhi Limited, Vajir Commerce and Investment Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Akm Global Textile has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Sajjan Nanuram Keyal ceased to be Director on 03 Mar 2020. Anuradha Agarwal ceased to be Director on 05 Sep 2007. Charulata Aditya Mody was appointed as Director on 09 Nov 2000. Akm Global Textile has 4 board changes on record in total.
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