About Fiotex
Fiotex is an Industrial Goods & Manufacturing company based in India founded in 2016. Manufacturing of cotton spun yarn for weaving and hosiery in India. The company has 29 employees. Its Indian entity Fiotex Cotspin Private Limited reported revenue of ₹339 Cr. Fiotex offers products and services including Combed Yarn and Combed Compact Yarn. Its focus areas include Manufacturing, Textiles, Spinning and Yarn Production.
Company details
Fiotex Cotspin Pvt. Ltd. was incorporated on 02062015 and is registered in Jamnagar, Gujarat, India, where it is engaged in the manufacturing of various counts of cotton spun yarn ranging from Ne 8s to Ne 40s for weaving and hosiery needs. A state-of-the-art spinning mill with 51072 spindles was established to produce combed and combed compact cotton yarn, catering to domestic and international markets. The facility is equipped with advanced machinery and is committed to quality through USTER-equipped laboratories. Sustainability efforts are noted, including the use of renewable electricity and sustainable raw materials, while employee development is prioritized in a supportive environment. Production commenced in 2016 after rapid setup, focusing on meeting global demands without promotional emphasis.
- Headquarters India
- Employees 29
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
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- Legal Name Fiotex Cotspin Pvt. Ltd
- Date of Incorporation 02 Jun, 2015
- Jurisdiction Jamnagar, Gujarat, India
- Annual Revenue₹339 Cr
FY 2023 · -31% YoY
- Net Profit₹7.30 Cr
FY 2023 · 2% margin
- EBITDA₹16.62 Cr
FY 2023 · 5% margin
- Employee Count29
Associated legal entities of Fiotex
Fiotex operates through Fiotex Cotspin Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fiotex Cotspin Private Limited CIN U17123GJ2015PTC083386 | Active | 02 Jun 2015 | Jamnagar, Gujarat | ₹339 Cr | 29 | 7 | View details |
Products & Services of Fiotex
Fiotex offers a comprehensive portfolio of products and services, including Combed Yarn and Combed Compact Yarn.
Various counts of combed yarn are manufactured for weaving and hosiery applications
Combed compact yarn in counts from Ne 16s to Ne 40s is produced for domestic and international demands
Board of directors of Fiotex Cotspin Private Limited (Fiotex)
Fiotex Cotspin Private Limited is the primary company behind Fiotex. The board of Fiotex Cotspin Private Limited currently have 6 directors; the longest-serving is Saileshkumar Maganlal Patel, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saileshkumar Maganlal Patel DIN 03597473 | Director | 02 Jun 2015 | 11 yrs 4 mo | Fiotex Cotspin Private Limited |
| Rajnikant Shivlal Ghodasara DIN 01173115 | Director | 02 Jun 2015 | 11 yrs 4 mo | Fiotex Cotspin Private Limited |
| Chintan Dharamshibhai Sitapara DIN 03559742 | Director | 01 Aug 2015 | 11 yrs 2 mo | Fiotex Cotspin Private Limited |
| Rajeshkumar Shivlal Patel DIN 01125680 | Director | 01 Aug 2015 | 11 yrs 2 mo | Fiotex Cotspin Private Limited |
| Shaileshbhai Govindbhai Vasnani DIN 00372754 | Director | 01 Aug 2015 | 11 yrs 2 mo | Fiotex Cotspin Private Limited |
| Ripple Patel Jamnadas DIN 00578651 | Director | 25 Oct 2016 | 9 yrs 11 mo | Fiotex Cotspin Private Limited |
Financials of Fiotex
Figures of Fiotex Cotspin Private Limited, the primary company behind Fiotex, for FY 2023. Revenue was ₹339 Cr (-31% year on year). Net profit was ₹7.30 Cr (2% margin). EBITDA was ₹16.62 Cr (5% margin). Revenue has grown at a compounded annual rate of +3% over three years and +3% over five years.
- ₹339 CrRevenue · FY 2023 · -31% YoY
- ₹7.30 CrNet profit · 2% margin
- ₹16.62 CrEBITDA · 5% margin
- ₹47.22 CrPaid-up capital
- 29Employees (provident fund records)
- +3%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fiotex Cotspin Private Limited are on its company page.
Detailed financial statements for Fiotex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
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Top companies in Textile & Yarn Production
3 companies that operate in the same segment as Fiotex (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | USD 246.88 M | 2,472 | ||
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | USD 18.65 B | 47,020 | ||
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | USD 253.24 M | 8,060 |
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Frequently Asked Questions about Fiotex
Fiotex was founded in 2016.
Fiotex is headquartered in India.
Fiotex has 29 employees.
The primary company behind Fiotex, Fiotex Cotspin Private Limited, reported revenue of ₹339 Cr for FY 2023, down 31% year on year.
Fiotex Cotspin Pvt. Ltd. was incorporated on 02062015 and is registered in Jamnagar, Gujarat, India, where it is engaged in the manufacturing of various counts of cotton spun yarn ranging from Ne 8s to Ne 40s for weaving and hosiery needs. A state-of-the-art spinning mill with 51072 spindles was established to produce combed and combed compact cotton yarn, catering to domestic and international markets. The facility is equipped with advanced machinery and is committed to quality through USTER-equipped laboratories. Sustainability efforts are noted, including the use of renewable electricity and sustainable raw materials, while employee development is prioritized in a supportive environment. Production commenced in 2016 after rapid setup, focusing on meeting global demands without promotional emphasis.
Fiotex offers Combed Yarn and Combed Compact Yarn.
Fiotex operates through Fiotex Cotspin Private Limited.
The legal entities of Fiotex currently have 7 directors, including Chintan Dharamshibhai Sitapara, Mayuri Somani, Saileshkumar Maganlal Patel and others.