MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-21-0005200
Asia Spintex Limited
Asia Spintex Limited - manufacturing in Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹15.5 Cr
▲ 25% YoY
Net profit · FY 2025
₹18.38 Lakh
Net margin 1.2%
EBITDA · FY 2025
₹35.87 Lakh
EBITDA margin 2.3%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.05 Cr
Issued & subscribed
Open charges
₹1.98 Cr
Satisfied ₹4.36 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
13
Provident fund records
About Asia Spintex Limited
Data last updated:
Asia Spintex Limited is a public limited company based in Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 09 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51311PB1995PLC017119. Its GSTIN is 03AABCA2752K1ZZ (Punjab).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.05 Cr. It is led by directors including Raj Kumar (Whole-Time Director) and Ramesh Chander Garg (Whole-Time Director).
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 Village Samalherilalru Distt Patiala, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.5 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹18.38 Lakh (net margin 1.2%) and EBITDA of ₹35.87 Lakh (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.98 Cr and satisfied charges of ₹4.36 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending.
Asia Spintex Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-21-0005200). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51311PB1995PLC017119
Registration Number 017119
Incorporation Date 09 October 1995
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-21-0005200
CIN history
Asia Spintex has one previous CIN (Corporate Identification Number): L51311PB1995PLC017119. The current CIN is U51311PB1995PLC017119, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51311PB1995PLC017119 | Current |
| L51311PB1995PLC017119 | Previous |
Key People
Raj Kumar Whole-Time Director Ramesh Chander Garg Whole-Time Director Darshan Kumar Singla Whole-Time Director Recognitions & Rankings of Asia Spintex
Contact details
Asia Spintex Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Samalherilalru Distt Patiala, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Asia Spintex Limited, buy the company report.
Comprehensive company report
Asia Spintex 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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Business activity
The main business activity of Asia Spintex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Asia Spintex Limited, buy the company report.
Financials of Asia Spintex Limited
FY 2025 filings availableAsia Spintex Limited reported revenue of ₹15.5 Cr (up 25% YoY) for FY 2025.
Revenue · FY 2025
₹15.5 Cr ▲ 25%
Net profit · FY 2025
₹18.38 Lakh margin 1.2%
EBITDA · FY 2025
₹35.87 Lakh margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▼ 45%
5 years · compounded
▼ 22%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 25% growth in the latest year. EBITDA rose 41% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹35.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.38 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 1.2% | ||||
| 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 Asia Spintex Limited, buy the company report.
Board of directors of Asia Spintex Limited
Asia Spintex has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Also directs: Samana Cotspin Ltd | Whole-Time Director | 14 Sep 2002 | 24 Years 1 Months | Current |
| Ramesh Chander Garg | Whole-Time Director | 04 Dec 2019 | 6 Years 11 Months | Current |
| Darshan Kumar Singla | Whole-Time Director | 01 Nov 2013 | 13 Years 0 Months | Current |
Peer comparison
Asia Spintex Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Creative Trendz Private Limited | ₹15.53 Cr (FY 2025) | 15.0% | Surat, Gujarat, India | |||
| Sri Gomathy Mills Private Limited | ₹15.53 Cr (FY 2025) | -23.0% | Tirunelveli, Tamil Nadu, India | |||
| Dynax Creation Private Limited | ₹15.51 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Asia Spintex Limitedthis company | ₹15.5 Cr (FY 2025) | ₹18.38 Lakh | 1.2% | 25.0% | 13 | Punjab, India |
| Fitpack Textile Mills Limited | ₹15.5 Cr (FY 2025) | -3.0% | Jaipur, Rajasthan, India | |||
| Sri Gurubaran Spinners Private Limited | ₹15.5 Cr (FY 2024) | -16.0% | Tiruppur, Tamil Nadu, India | |||
| Selvaganapathy Cotton Mills Private Limited | ₹15.48 Cr (FY 2024) | -12.0% | Pollachi, Tamil Nadu, India | |||
| Nilamber Dyeing and Bleaching Mills Private Limited | ₹15.48 Cr (FY 2024) | -3.0% | Kalyan, Maharashtra, India |
To see the full peer comparison of Asia Spintex Limited, buy the company report.
Auditor
Asia Spintex Limited is audited by VIBHOR GARG AND CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIBHOR GARG AND CO. | FY 2022 | 021960N |
Shareholding
The shareholding of Asia Spintex Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asia Spintex Limited, buy the company report.
Charges & borrowings
Open charges
₹1.98 Cr
Satisfied charges
₹4.36 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2003 | 90169764 | Others | ₹1.98 Cr | Open | |
| 23 Dec 2011 | 10330566 | State Bank of Patiala | ₹2.4 Cr | Satisfied | |
| 29 May 2007 | 10056342 | State Bank of Patiala | ₹1.96 Cr | Satisfied |
To see the full charge records of Asia Spintex Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Asia Spintex Limited has 6 court cases on record: 2 filed by Asia Spintex, 4 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Appeal | Filed by the company against Ms Rainbow Denim Ltd. | Disposed |
| District court, Chandigarh | Commercial suit | Filed against the company by Employees State Insurance Corporation | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against State of Punjab and Others and 4 others | Disposed |
| High Court, CHANDIGARH (UT) | Court case (CRR(F)) | Filed against the company by Punjab State Industrial Deveopment Corporation Limited | Disposed |
| District court, Sri Muktsar Sahib, Punjab | Appeal | Filed against the company | Disposed |
To see the full case history of Asia Spintex 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 Asia Spintex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asia Spintex Limited has a workforce of 13 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
GST
Asia Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA2752K1ZZ | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asia Spintex Limited, buy the company report.
Recent activity
Asia Spintex Limited has 12 board changes on record since 2002: 3 appointments and 9 cessations. The latest: Darshan Kumar Singla ceased to be Director on 01 Apr 2020.
AGM
Asia Spintex Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Asia Spintex Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Others of Rs. 1.98 Cr registered on 05 Feb 2003 with Charge ID 90169764 was modified on 30 May 2020.
Ceased
Darshan Kumar Singla ceased to be Director.
Ceased
Raj Kumar ceased to be Director.
Ceased
Ramesh Chander Garg ceased to be Additional Director.
Ceased
Murli Dhar ceased to be Director.
Appointed
Ramesh Chander Garg was appointed as Whole-Time Director.
Charges
A charge registered on 23 Dec 2011 via Charge ID 10330566 with State Bank Of Patiala was fully satisfied on 09 Nov 2018.
Charges
A charge registered on 29 May 2007 via Charge ID 10056342 with State Bank Of Patiala was fully satisfied on 01 Jan 2018.
Ceased
Anil Kumar ceased to be Director.
Ceased
Amit Goel ceased to be Director.
9 earlier events are in the company report.
Frequently asked questions
Asia Spintex is an active public limited company based in Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 09 October 1995 (31+ years old) and is registered under CIN U51311PB1995PLC017119.
Asia Spintex has 3 current directors:
- Raj Kumar - Whole-Time Director
- Ramesh Chander Garg - Whole-Time Director
- Darshan Kumar Singla - Whole-Time Director
The latest financial statements of Asia Spintex 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 Asia Spintex is 03AABCA2752K1ZZ, registered in Punjab.
The CIN (Corporate Identification Number) of Asia Spintex is U51311PB1995PLC017119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asia Spintex has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Asia Spintex was incorporated on 09 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Asia Spintex by revenue are Creative Trendz Private Limited, Sri Gomathy Mills Private Limited, Dynax Creation Private Limited, Fitpack Textile Mills Limited, Sri Gurubaran Spinners Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Darshan Kumar Singla ceased to be Director on 01 Apr 2020. Raj Kumar ceased to be Director on 01 Apr 2020. Ramesh Chander Garg ceased to be Additional Director on 01 Apr 2020. Asia Spintex has 12 board changes on record in total.
Yes, Asia Spintex is registered as a small enterprise under Udyam registration (number: UDYAM-PB-21-0005200).
The registered office of Asia Spintex is at Village Samalherilalru Distt Patiala, Punjab, India.
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