About Shubhalakshmi Polyesters
Shubhalakshmi Polyesters is a company based in Mumbai (India) founded in 2005 by Ramu Raman Agarwal was acquired by Reliance Industries in September 2022. Shubhalakshmi Polyesters has raised $39.69 million across 4 funding rounds from investors including IDBI Bank, Punjab National Bank and IndusInd Bank. The company has 13 employees as of April 09, 2024. Shubhalakshmi Polyesters offers products and services including Polyester Manufacturing and Investment Services.
- Headquarter Mumbai, India
- Employees 13 as on 09 Apr, 2024
- Founders Ramu Raman Agarwal
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Shubhalakshmi Polyesters Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$355.38 M (USD)12.47as on Mar 31, 2023
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Net Profit
-$15.47 M (USD)-236.9as on Mar 31, 2023
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EBITDA
-$50.84 M (USD)-294.06as on Mar 31, 2023
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Total Equity Funding
$39.69 M (USD)
in 4 rounds
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Latest Funding Round
$16.1 M (USD), Series C
Jun 18, 2021
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Investors
IDBI Bank
& 32 more
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Employee Count
13
as on Apr 09, 2024
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Acquired by
Reliance Industries
(Sep 10, 2022)
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Products & Services of Shubhalakshmi Polyesters
Shubhalakshmi Polyesters offers a comprehensive portfolio of products and services, including Polyester Manufacturing and Investment Services.
Polyester products are produced for industrial applications, where the business was expanded through strategic investments and operational resilience
Investment services are provided in areas like venture capital and private equity, where support is offered to entrepreneurs for sustainable growth
Funding Insights of Shubhalakshmi Polyesters
Shubhalakshmi Polyesters has successfully raised a total of $39.69M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $16.1 million completed in June 2021. 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.
Investors in Shubhalakshmi Polyesters
Shubhalakshmi Polyesters has secured backing from 33 investors, including institutional and angel investors. Prominent investors backing the company include IDBI Bank, Punjab National Bank and IndusInd Bank.
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Commercial banking and financial services are provided to diverse clients.
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IDBI Bank is engaged in providing banking and financial services.
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Investor details for Shubhalakshmi Polyesters
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Investments & Acquisitions by Shubhalakshmi Polyesters
Investment portfolio details for Shubhalakshmi Polyesters
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Financial Statements - Shubhalakshmi Polyesters
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Shubhalakshmi Polyesters Comparisons
Peer comparison for Shubhalakshmi Polyesters
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Competitors of Shubhalakshmi Polyesters
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Latest news on Shubhalakshmi Polyesters
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Frequently Asked Questions about Shubhalakshmi Polyesters
Shubhalakshmi Polyesters was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Shubhalakshmi Polyesters is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mahabir Lal Agarwalla is the current CEO of Shubhalakshmi Polyesters.
Shubhalakshmi Polyesters is a funded company, having raised a total of $39.69M across 4 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Shubhalakshmi Polyesters is 13.
Annual revenue of Shubhalakshmi Polyesters is $355.38M as on Mar 31, 2023.
Shubhalakshmi Polyesters was established in 2005 in Mumbai, India, within the textile manufacturing sector. Polyester chips and yarns are produced, encompassing processes such as twisting, fancy yarn creation, air texturing, partially oriented yarn (POY), texturing, fully drawn yarn, and specialty variants. Operations center on these core activities, supporting polyester material processing for industrial applications across the region.
Shubhalakshmi Polyesters offers Polyester Manufacturing and Investment Services.
Shubhalakshmi Polyesters has 33 investors. Key investors include IDBI Bank, Punjab National Bank, IndusInd Bank, Karnataka Bank, and State Bank of India.
The valuation of Shubhalakshmi Polyesters is $71.7M as of Jun 2021.