Filatex

Delhi, India Founded: 1994 • Age: 32 yrs Listed
Polyester filament yarn is manufactured for textile applications.
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About Filatex

Filatex is a publicly listed company based in Delhi (India) founded in 1994. Polyester filament yarn is manufactured for textile applications. Filatex has raised $432.66 thousand across 3 funding rounds. The company has 2,510 employees. Its Indian entity Filatex India Limited reported revenue of ₹4,190 Cr. Filatex offers products and services including Polyester Yarn and PET Chips. Its focus areas include Chemicals and Materials and Textile Yarn.

Company details

Manufacturer of polyester filament yarn. Its other products include partially oriented yarns used in shirting, suiting, sarees, and ladies dress wear, full drawn yarns for apparel, fashion fabrics, and home furnishing, polyethylene terephthalate chips for making polyester yarn, drawn textured yarns for fabrics, air textured yarns for automotive products and furnishings, polypropylene yarns for various applications, and narrow woven fabrics for the garment industry.

  • Headquarters Delhi, India
  • Employees 2,510
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Phone
    •••• ••••
  • Website filatex.com
  • Social LinkedIn X
  • Legal Name Filatex India Ltd
Operational Areas
Industrial Goods & Manufacturing → Textile & Yarn Production
Key Metrics
  • Market Cap
    ₹3,964 Cr

    FILATEX · NSE

  • Share Price
    ₹92.09

    +3.17% today

  • Revenue
    ₹4,161 Cr

    FY 2025-26 · -2.2% YoY

  • EBITDA
    ₹346 Cr

    Margin 8.3%

  • Net Profit
    ₹183 Cr

    FY 2025-26 · +36.6% YoY

  • P/E (TTM)
    22.0x

    P/B 2.8x

  • ROE
    12.9%

    ROCE 18.5%

  • Debt / Equity
    0.10

    Interest cover 19.5x

  • Total Equity Funding
    $432.66K (USD)

    in 3 rounds

  • Latest Funding Round
    $95.29K (USD), Angel Round

    Jul 2023

  • Employee Count
    2,510

Products & Services of Filatex

Filatex offers a comprehensive portfolio of products and services, including Polyester Yarn and PET Chips.

Polyester Yarn
Textile Products

Polyester filament yarn is produced for various applications in the textile industry, including garment manufacturing and industrial uses.

PET Chips
Raw Materials

PET chips are manufactured as a base material for yarn production, supporting the creation of high-quality textile components.

Funding Insights of Filatex

Filatex has successfully raised a total of $432.66K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $95.29 thousand completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $432,665
  • Total Rounds 3
  • Last Round Angel Round — $95,287
  • First Round $100,083

    (Feb 2008)

All 3 funding rounds of Filatex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2023$95,287Angel Round––
–
Mar 2009$237,295Series A––
–
Feb 2008$100,083Angel Round––
–

Board of directors of Filatex India Limited (Filatex)

Filatex India Limited is the primary company behind Filatex. The board of Filatex India Limited currently have 6 directors; the longest-serving is Madhu Sudhan Bhageria, appointed in 2003. 13 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Madhu Sudhan Bhageria
DIN 00021934
Managing Director30 Jul 200323 yrs 3 moFilatex India Limited
Madhav Bhageria
DIN 00021953
Managing Director30 Jul 200323 yrs 3 moFilatex India Limited
Purrshottam Bhaggeria
DIN 00017938
Managing Director30 Jul 200323 yrs 3 moFilatex India Limited
Rajender Mohan Malla
DIN 00136657
Director27 Jul 20224 yrs 3 moFilatex India Limited
Meenakshi Mallik
DIN 08524108
Director08 Aug 20242 yrs 2 moFilatex India Limited
Manish Vij
DIN 00505422
Director29 Aug 20242 yrs 2 moFilatex India Limited

People of Filatex

14 people are tracked at Filatex (4 in leadership, 4 in board & advisors, 6 in team); the tracked headcount is 2,510.

NameRoleGroup
Madhu Sudhan Bhageria
Managing DirectorLeadership
Purshottam Bhaggeria
Joint Managing DirectorLeadership
Madhav Bhageria
Joint Managing DirectorLeadership
Vedansh Bhageria
Vice PresidentLeadership
Pallavi Joshi Bakhru
DirectorBoard & advisors
Swarup Chandra Parija
DirectorBoard & advisors
Ashok Chauhan
DirectorBoard & advisors
Rajender Mohan Malla
Independent DirectorBoard & advisors
Ashwin Tank
Deputy Manager - IT InfraTeam
Abhay Singh
Sr OfficerTeam
Ankit Vimal
Human Resources ExecutiveTeam
Amit Chauhan
Mechanical ManagerTeam
Stuti Bhageria
Svp, Corporate StrategyTeam
Ravikant Singh
Sr.engineer Instrumentation And Control SystemTeam
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Complete people profiles for Filatex

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Filatex

Filatex is a publicly listed company on the NSE with ticker symbol FILATEX in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Aug 2011
  • Listed onNSE: FILATEX
  • Listed entityFilatex India Ltd
  • Exchange sectorProcess industries
  • ISININE816B01035
  • Share price₹111.80 (+5.13% on the day) · 2026-10-14
  • Market capitalisation₹4,707 Cr
  • Price to earnings26.0
  • EPS (diluted, trailing year)₹4.30
  • Dividend yield0.28%
  • Volume (last session)2,556,732

Financials of Filatex

Exchange-reported figures of Filatex India Limited, the listed company behind Filatex (NSE: FILATEX).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,161 Cr
-2.2% YoY
EBITDA
₹346 Cr
+34.4% YoY
Profit After Tax
₹183 Cr
+36.6% YoY
Net Worth
₹1,505 Cr
+13.1% YoY
Total Assets
₹1,701 Cr
+11.7% YoY
Total Debt
₹150 Cr
+2.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Income statement
Revenue4,1614,2522,8741,9281,5511,2781,573
Revenue growth-2.2%-+49.1%+24.3%+21.3%-18.7%-
EBITDA34625821715713087.4178.87
EBITDA margin+8.3%+6.1%+7.5%+8.1%+8.4%+6.8%+5.0%
Profit before tax24617913192.6754.2732.5914.40
Net profit18313483.3559.8843.3422.139.68
Net profit margin+4.4%+3.2%+2.9%+3.1%+2.8%+1.7%+0.6%
EPS (₹)4.133.023.9113.739.328.193.00
Balance sheet
Total assets1,7011,5231,1161,132882710599
Net worth1,5051,330472385325209170
Total debt150147605712535490419
Cash & bank48.9857.6444.2125.5514.8512.5415.44
Net working capital146132157197237208206
Cash flow
Cash from operations24631225118966.5963.1427.72
Cash from investing(229)(161)(83.45)(300)(125)(110)1.25
Cash from financing(35.54)(135)(152)11957.5048.01(30.84)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1459851,0501,0761,0491,0801,0691,049
Revenue growth (YoY)+9.1%-8.8%-1.8%+2.6%-0.5%---
Other income9.864.838.115.4410.7610.432.812.71
EBITDA78.4172.7989.8382.5567.8571.2478.3841.47
EBITDA margin+6.8%+7.4%+8.6%+7.7%+6.5%+6.6%+7.3%+4.0%
Depreciation19.6719.4019.6319.4618.9118.8018.3918.20
Interest3.354.924.534.774.887.470.837.76
Profit before tax65.2553.3073.7863.7654.8255.4061.9718.22
Tax16.7313.2218.8216.2114.1614.3114.844.88
Net profit48.5240.0854.9647.5540.6641.0947.1313.34
EPS (₹)1.090.901.241.070.920.931.060.30
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,1614,2524,2864,3043,8282,2272,782
Revenue growth-2.2%-0.8%-0.4%+12.4%+71.9%-20.0%-
EBITDA346258239232531347222
EBITDA margin+8.3%+6.1%+5.6%+5.4%+13.9%+15.6%+8.0%
Profit before tax246180150122459240122
Net profit18313511189.75301166122
Net profit margin+4.4%+3.2%+2.6%+2.1%+7.9%+7.4%+4.4%
EPS (₹)4.143.032.492.0313.447.515.53
Balance sheet
Total assets1,6971,5241,4781,4421,4791,3871,349
Net worth1,5061,3311,2041,0991,085762595
Total debt145147233304358588720
Cash & bank48.9257.5940.9495.7628.8336.0921.77
Net working capital150133205213320184170
Cash flow
Cash from operations244312168325304301157
Cash from investing(221)(160)(102)(114)(85.73)(113)(234)
Cash from financing(41.19)(135)(113)(160)(229)(180)56.58
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1459851,0501,0761,0491,0801,0691,049
Revenue growth (YoY)+9.1%-8.8%-1.8%+2.6%-0.5%---
Other income10.014.938.275.4710.8010.693.072.83
Total expenses1,0669139609939821,0099901,008
EBITDA78.8672.8590.0382.5567.8871.2778.4241.48
EBITDA margin+6.9%+7.4%+8.6%+7.7%+6.5%+6.6%+7.3%+4.0%
Depreciation19.6519.3919.6119.4618.9118.8018.3918.20
Interest3.354.924.534.774.887.470.837.76
Profit before tax65.8753.4774.1663.7954.8955.6962.2718.35
Tax16.7313.2218.8216.2114.1614.3114.844.88

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1459851,0501,0761,0491,0801,0691,049
Revenue growth (YoY)+9.1%-8.8%-1.8%+2.6%-0.5%---
Other income9.864.838.115.4410.7610.432.812.71
EBITDA78.4172.7989.8382.5567.8571.2478.3841.47
EBITDA margin+6.8%+7.4%+8.6%+7.7%+6.5%+6.6%+7.3%+4.0%
Depreciation19.6719.4019.6319.4618.9118.8018.3918.20
Interest3.354.924.534.774.887.470.837.76
Profit before tax65.2553.3073.7863.7654.8255.4061.9718.22
Tax16.7313.2218.8216.2114.1614.3114.844.88
Net profit48.5240.0854.9647.5540.6641.0947.1313.34
EPS (₹)1.090.901.241.070.920.931.060.30
ParticularsFY 2025-26FY 2024-25FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Revenue4,1614,2522,8741,9281,5511,2781,573
Revenue growth-2.2%-+49.1%+24.3%+21.3%-18.7%-
Other income29.1320.2614.1611.0912.1317.649.70
Total expenses3,8143,9952,6571,7711,4211,1911,494
Employee cost12311163.2448.7546.9740.0135.39
EBITDA34625821715713087.4178.87
EBITDA margin+8.3%+6.1%+7.5%+8.1%+8.4%+6.8%+5.0%
Depreciation77.4073.3444.9730.8228.9621.2720.57
Interest52.3025.0654.7144.1158.6451.1953.60
Profit before tax24617913192.6754.2732.5914.40
Tax62.4145.6446.1232.9313.746.384.80
Net profit18313483.3559.8843.3422.139.68
Net profit margin+4.4%+3.2%+2.9%+3.1%+2.8%+1.7%+0.6%
EPS (₹)4.133.023.9113.739.328.193.00
ParticularsFY 2025-26FY 2024-25FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Equity & liabilities
Share capital44.4144.3943.5043.5043.5032.0032.00
Reserves & surplus1,4581,284427341281165138
Shareholders' funds (net worth)1,5051,330472385325209170
Minority interest0.000.000.000.000.000.000.00
Secured loans128124523621447391346
Unsecured loans22.3923.0681.1890.8687.6099.1973.70
Total debt150147605712535490419
Total liabilities1,7011,5231,1161,132882710599
Assets
Gross block1,8701,8181,015988656672549
Net block1,3131,335928945629492388
Capital work in progress10012.9672.086.775.7318.022.36
Investments2391860.060.000.010.010.00
Inventories42546217319414998.57119
Sundry debtors10712898.70171199216149
Cash & bank balances48.9857.6444.2125.5514.8512.5415.44
Loans & advances18081.4381.9772.2623.1027.8824.02
Total current assets762729398462387355307
Total current liabilities616597241265149148101
Net working capital146132157197237208206
Total assets1,7011,5231,1161,132882710599
ParticularsFY 2025-26FY 2024-25FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Opening cash21.274.478.940.641.600.652.52
Net cash from operating activities24631225118966.5963.1427.72
Net cash from investing activities(229)(161)(83.45)(300)(125)(110)1.25
Net cash from financing activities(35.54)(135)(152)11957.5048.01(30.84)
Net change in cash(18.51)16.7915.218.30(0.96)1.00(1.87)
Closing cash48.9857.6444.2125.5514.8512.5415.44
ParticularsFY 2025-26FY 2024-25FY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Growth
Sales growth-2.2%-+49.1%+24.3%+21.3%-18.7%-
EBITDA growth+34.4%-+38.4%+20.6%+48.4%+10.8%-
PBT growth+36.9%+36.9%+41.5%+70.8%+66.5%+126.3%+9997.0%
Net income growth+36.6%-+39.2%+38.2%+95.8%+128.6%-
Revenue CAGR (3Y)+29.2%+40.0%+31.0%+7.0%---
EBITDA CAGR (3Y)+30.3%+25.7%+35.3%+25.7%---
Profitability & leverage
Net income margin+4.4%+3.2%+3.0%+3.1%+2.6%+2.1%+0.6%
Return on capital employed+18.5%+13.4%+16.5%+13.6%+14.2%+11.8%+11.4%
Return on net worth+12.9%+10.1%+19.8%+16.8%+15.2%+11.7%+5.6%
Debt / equity0.100.111.541.751.922.402.46
Long-term debt / equity0.070.081.001.001.041.391.29
Interest cover19.4613.6031.8735.0958.1977.4091.94
Efficiency & per share
Fixed asset turnover2.262.342.872.402.572.323.15
Inventory turnover9.389.2015.6911.5213.8013.0714.60
Debtors turnover35.3833.2621.3510.678.227.7611.61
EPS (₹)4.133.023.9113.739.328.193.00
Dividend per share (₹)0.300.250.000.000.000.000.00
Book value per share (₹)33.8229.9321.6588.4574.6461.4253.23
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,1459851,0501,0761,0491,0801,0691,049
Revenue growth (YoY)+9.1%-8.8%-1.8%+2.6%-0.5%---
Other income10.014.938.275.4710.8010.693.072.83
Total expenses1,0669139609939821,0099901,008
EBITDA78.8672.8590.0382.5567.8871.2778.4241.48
EBITDA margin+6.9%+7.4%+8.6%+7.7%+6.5%+6.6%+7.3%+4.0%
Depreciation19.6519.3919.6119.4618.9118.8018.3918.20
Interest3.354.924.534.774.887.470.837.76
Profit before tax65.8753.4774.1663.7954.8955.6962.2718.35
Tax16.7313.2218.8216.2114.1614.3114.844.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,1614,2524,2864,3043,8282,2272,782
Revenue growth-2.2%-0.8%-0.4%+12.4%+71.9%-20.0%-
Other income29.4720.9114.2016.2326.879.4512.42
Total expenses3,8143,9944,0474,0723,2971,8802,560
Employee cost12311110292.1385.8767.1474.66
EBITDA346258239232531347222
EBITDA margin+8.3%+6.1%+5.6%+5.4%+13.9%+15.6%+8.0%
Depreciation77.3773.3472.5168.6563.3858.3651.27
Interest52.3025.0630.4157.4736.0058.8161.29
Profit before tax246180150122459240122
Tax62.4145.6439.7732.1815673.800.51
Net profit18313511189.75301166122
Net profit margin+4.4%+3.2%+2.6%+2.1%+7.9%+7.4%+4.4%
EPS (₹)4.143.032.492.0313.447.515.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital44.4144.3944.3944.3045.0544.1643.94
Reserves & surplus1,4591,2851,1591,0541,039716549
Shareholders' funds (net worth)1,5061,3311,2041,0991,085762595
Secured loans122124232302356550658
Unsecured loans22.3923.061.131.521.8738.7261.78
Total debt145147233304358588720
Total liabilities1,6971,5241,4781,4421,4791,3871,349
Assets
Gross block1,8591,8071,7181,6851,5221,3461,312
Net block1,3021,3241,3041,3431,2481,1351,157
Capital work in progress58.0812.2243.125.7141.6713025.10
Investments29418666.3111.070.000.050.03
Inventories425462418409376254172
Sundry debtors107128119131145122119
Cash & bank balances48.9257.5940.9495.7628.8336.0921.77
Loans & advances17681.9894.6110617012092.29
Total current assets758730672742719532404
Total current liabilities608597467529399347234
Net working capital150133205213320184170
Total assets1,6971,5241,4781,4421,4791,3871,349
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash21.224.4752.040.9011.533.1224.15
Net cash from operating activities244312168325304301157
Net cash from investing activities(221)(160)(102)(114)(85.73)(113)(234)
Net cash from financing activities(41.19)(135)(113)(160)(229)(180)56.58
Net change in cash(18.52)16.75(47.56)51.14(10.63)8.40(21.03)
Closing cash48.9257.5940.9495.7628.8336.0921.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.2%-0.8%-0.4%+12.4%+71.9%-20.0%-
EBITDA growth+34.5%+7.8%+3.1%-56.3%+52.9%+56.4%-
PBT growth+36.7%+19.8%+23.2%-73.4%+91.4%+96.4%-6.9%
Net income growth+36.3%+21.7%+23.1%-70.2%+82.0%+36.4%-
Revenue CAGR (3Y)-1.1%+3.6%+24.4%+15.7%+10.0%+4.8%+21.6%
EBITDA CAGR (3Y)+14.3%-21.4%-11.7%+1.5%+34.9%+30.4%+19.6%
Profitability & leverage
Net income margin+4.4%+3.2%+2.6%+2.1%+7.9%+7.5%+4.4%
Return on capital employed+18.5%+13.7%+12.4%+12.3%+34.5%+21.8%+14.9%
Return on net worth+13.0%+10.6%+9.6%+8.2%+32.8%+24.4%+22.8%
Debt / equity0.100.150.230.300.510.961.23
Long-term debt / equity0.060.120.190.250.460.810.89
Interest cover19.4313.5918.2535.197.7020.3535.87
Efficiency & per share
Fixed asset turnover2.272.412.522.682.671.682.37
Inventory turnover9.389.6710.3710.9712.1510.4516.15
Debtors turnover35.3834.4434.2731.1728.7118.5425.60
EPS (₹)4.143.032.492.0313.447.515.53
Dividend per share (₹)0.300.250.200.150.200.400.00
Book value per share (₹)33.8629.9527.1124.7948.1434.4226.99

Timeline of Filatex

4 dated milestones of Filatex across 29 years, from founding to its latest funding, stage changes and deals.

  1. Founded Filatex is founded.
  2. Funding First funding round of $100K.
  3. IPO Lists on the stock exchange (IPO).
  4. Funding Latest funding round, Angel Round, of $95K.

Web traffic of Filatex

The website of Filatex (filatex.com) receives about 4.3K visits a month.

  • Monthly visits
    4.3K

    ▼ 34.5% vs previous month

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Top companies in Textile & Yarn Production

3 companies that operate in the same segment as Filatex (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hero Cycles
Bicycle manufacturing, sales, and accessory services in India.
1956Gurugram, Haryana, IndiaUSD 246.88 M2,472
Grasim
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured.
1947Ujjain, Madhya Pradesh, IndiaUSD 18.65 B47,020
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Home textile products are manufactured, retailed, and distributed globally.
1985Bengaluru, Karnataka, IndiaUSD 253.24 M8,060
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Related news about Filatex

Stocks under Rs.100: Sumeet Bagadia recommends three shares to buy on Monday - 27 July 2026
Mint • 3 months ago
Filatex India Buys 10 Million Ecosis Shares For 100 Million Rupees
Reuters • 5 months ago
Filatex India March-Quarter Consol Net PAT 400.8 Million Rupees
Reuters • 6 months ago
Iran war hits Asia's polyester suppliers to global fast fashion
Reuters • 6 months ago
Filatex India Says Unit Signs MoU With American & Efird Global
Reuters • 8 months ago
Filatex India eyes best day in seven months after upbeat Q3 earnings
Reuters • 8 months ago
Filatex India Unit Signs MoU With Decathlon Group Entity
Reuters • 10 months ago
Filatex India Says Gujarat Court Quashes Show Cause Notices
Reuters • 11 months ago
Filatex India, Revti Business, Wastewear Sign MoU For Textile Recycling
Reuters • 1 year ago
Filatex India Says Minor Fire Incident At Dadra Plant
Reuters • 1 year ago
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Frequently Asked Questions about Filatex

Filatex was founded in 1994 and raised its 1st funding round 14 years after it was founded.

Filatex is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

Filatex is a funded company, having raised a total of $432.66K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $100.08K, raised on Feb 2008.

Filatex has 2,510 employees.

The primary company behind Filatex, Filatex India Limited, reported revenue of ₹4,190 Cr for FY 2026, down 2% year on year.

Manufacturer of polyester filament yarn. Its other products include partially oriented yarns used in shirting, suiting, sarees, and ladies dress wear, full drawn yarns for apparel, fashion fabrics, and home furnishing, polyethylene terephthalate chips for making polyester yarn, drawn textured yarns for fabrics, air textured yarns for automotive products and furnishings, polypropylene yarns for various applications, and narrow woven fabrics for the garment industry.

Filatex offers Polyester Yarn and PET Chips.

Yes, Filatex is publicly traded on NSE under the ticker symbol FILATEX.

Filatex operates through Filatex India Limited.

The legal entities of Filatex currently have 8 directors, including Madhu Sudhan Bhageria, Madhav Bhageria, Purrshottam Bhaggeria and others.

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