Akshaya Textiles Private Limited
About Akshaya Textiles Private Limited
Data last updated:
Akshaya Textiles Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 17 May 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17115TZ1982PTC001177. Its GSTIN is 33AABCA8395E2ZP (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹4.4 Cr. It was formerly known as Akshaya Textiles Limited. It is led by directors Manikagowder Sivaprakash and Martin.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 122 Athipalayam Roadpost Box No 2008 Ganapathy, Coimbatore, Tamil Nadu, India – 641006.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.23 Cr. For the same year it recorded a net profit of ₹93.43 Lakh (net margin 76%) and EBITDA of ₹1.12 Cr (EBITDA margin 91.3%). Revenue has grown at a compounded annual rate (CAGR) of 295% over three years and 132% over five years.
As per MCA filings, the company has open charges of ₹52 Lakh and satisfied charges of ₹2.78 Cr on record. Court records list 166 cases involving the company, including 117 filed by the company and 49 filed against it; 19 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Akshaya Textiles has one previous CIN (Corporate Identification Number): U17115TZ1982PLC001177. The current CIN is U17115TZ1982PTC001177, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115TZ1982PTC001177 | Current |
| U17115TZ1982PLC001177 | Previous |
Contact details
Akshaya Textiles Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address122 Athipalayam Roadpost Box No 2008 Ganapathy, Coimbatore, Tamil Nadu, India – 641006
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Akshaya Textiles 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
Financials of Akshaya Textiles Private Limited
FY 2025 filings availableAkshaya Textiles Private Limited reported revenue of ₹1.23 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 132% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.12 Cr | ||||
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| Net Profit (PAT) | ₹93.43 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.3% | ||||
| Net Profit Margin | 76% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Akshaya Textiles Private Limited, buy the company report.
Board of directors of Akshaya Textiles Private Limited
Akshaya Textiles has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manikagowder Sivaprakash Also directs: Sri Tridiva Developers LLP, Sarbamangala Enterprise LLP, Suvali Real Properties LLP and 5 more | Director | 22 Aug 2022 | 4 Years 2 Months | Current |
| Martin Also directs: Arjun Ponding Promoters LLP, Sweety Pie Promoters LLP, Sri Tridiva Developers LLP and 5 more | Director | 17 Aug 2016 | 10 Years 2 Months | Current |
Peer comparison
Akshaya Textiles Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Harshit Textiles Private Limited | ₹1.23 Cr (FY 2025) | 37.0% | Bhilwara, Rajasthan, India | |||
| Akshaya Textiles Private Limitedthis company | ₹1.23 Cr (FY 2025) | ₹93.43 Lakh | 76% | Coimbatore, Tamil Nadu, India | ||
| Kumar Polycot Mills Limited | ₹1.23 Cr (FY 2025) | -79.0% | Coimbatore, Tamil Nadu, India | |||
| Soft Touch Fabrics Private Limited | ₹1.23 Cr (FY 2022) | 40.0% | Surat, Gujarat, India | |||
| Micrro Cotspinn India Private Limited | ₹1.22 Cr (FY 2025) | -61.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Akshaya Textiles Private Limited, buy the company report.
Auditor
Akshaya Textiles Private Limited is audited by C L RAVEENDHAR & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C L RAVEENDHAR & CO | FY 2016 | 011093S |
Shareholding
The shareholding of Akshaya Textiles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akshaya Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 1986 | 90002210 | M/S Indian Bank | ₹27 Lakh | Open | |
| 01 Apr 1985 | 90002166 | M/S Indian Bank | ₹15 Lakh | Open | |
| 20 Aug 1984 | 90002151 | M/S Indian Bank | ₹10 Lakh | Open | |
| 16 Mar 2005 | 90004630 | M/S Steekakulam Texbles Ltd. | ₹2.78 Cr | Satisfied |
To see the full charge records of Akshaya Textiles Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Akshaya Textiles Private Limited has 166 court cases on record: 117 filed by Akshaya Textiles, 49 filed against it. 19 cases are pending and 147 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 156 | 45 | 19 |
| District courts | 8 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 166)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (WPMP) | Filed against the company by Sreekakulam Textiles Ltd., | Disposed |
| High Court, TAMIL NADU | Court case (WVMP) | Filed against the company by individuals | Pending |
| High Court, TAMIL NADU | Court case (WAMP) | Filed by the company against The Asst Commissioner of and 1 other | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Akshaya Textiles 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 Akshaya Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akshaya Textiles Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Akshaya Textiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCA8395E2ZP | Tamil Nadu | Active | 13 Feb 2018 |
To see the full GST registrations and return filing status of Akshaya Textiles Private Limited, buy the company report.
Recent activity
Akshaya Textiles Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Manikagowder Sivaprakash ceased to be Director Appointed In Casual Vacancy on 30 Sep 2022.
9 earlier events are in the company report.
Frequently asked questions
Akshaya Textiles is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 17 May 1982 (44+ years old) and is registered under CIN U17115TZ1982PTC001177.
Akshaya Textiles has 2 current directors:
- Manikagowder Sivaprakash - Director
- Martin - Director
The latest financial statements of Akshaya Textiles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Akshaya Textiles is 33AABCA8395E2ZP, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Akshaya Textiles is U17115TZ1982PTC001177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshaya Textiles has 166 court cases on record: 117 filed by the company and 49 filed against it. 19 are pending. Most are in the high courts.
Akshaya Textiles was incorporated on 17 May 1982, making it 44+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Akshaya Textiles by revenue are Harshit Textiles Private Limited, Kumar Polycot Mills Limited, Soft Touch Fabrics Private Limited, Micrro Cotspinn India Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Manikagowder Sivaprakash ceased to be Director Appointed In Casual Vacancy on 30 Sep 2022. Manikagowder Sivaprakash was appointed as Director on 22 Aug 2022. Sellam Nadar Ravi ceased to be Director on 01 Aug 2022. Akshaya Textiles has 12 board changes on record in total.
The registered office of Akshaya Textiles is at 122 Athipalayam Roadpost Box No 2008 Ganapathy, Coimbatore, Tamil Nadu, India – 641006.
Akshaya Textiles operates in the apparel and fashion industry, in the leather segment.
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