About Shubhalakshmi Polyesters
Shubhalakshmi Polyesters is an Industrial Goods & Manufacturing company based in Mumbai (India) founded in 2005 by Ramu Raman Agarwal, and was acquired by Reliance Industries in September 2022. Manufacturer of polyester chips and yarns. 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. Shubhalakshmi Polyesters was last valued at $71.7 million in June 2021. Its chief executive, as recorded, is Mahabir Lal Agarwalla. Its Indian entity Shubhalakshmi Polyesters Limited reported revenue of ₹376 Cr. Shubhalakshmi Polyesters offers products and services including Polyester Manufacturing and Investment Services. Its focus areas include Chemicals and Materials and Textile Yarn.
Company details
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.
- Headquarters Mumbai, India
- Employees 13
- Founders Ramu Raman Agarwal
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website shubhalakshmi.com
- Social LinkedIn X Facebook
- Acquired by Reliance Industries (Sep 2022)
- Legal Name Shubhalakshmi Polyesters Ltd
- Date of Incorporation 13 Sep, 2005
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹376 Cr
FY 2025 · +343% YoY
- Net Profit₹5.10 Cr
FY 2025 · 1% margin
- EBITDA-₹12.44 Cr
FY 2025 · -3% margin
- Total Equity Funding$39.69M (USD)
in 4 rounds
- Latest Funding Round$16.1M (USD), Series C
Jun 2021
- InvestorsIDBI Bank
& 32 more
- Employee Count13
- Acquired byReliance Industries
(Sep 2022)
Associated legal entities of Shubhalakshmi Polyesters
Shubhalakshmi Polyesters operates through Shubhalakshmi Polyesters Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shubhalakshmi Polyesters Limited CIN U17110MH2005PLC190937 | Active | 13 Sep 2005 | Mumbai, Maharashtra | ₹376 Cr | 13 | 9 | View details |
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.
- Total Funding $39.69M
- Total Rounds 4
- Last Round Series C — $16.1M
- First Round $11.95M
(Oct 2013)
- Investors Count 32
All 4 funding rounds of Shubhalakshmi Polyesters with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $16.1M | Series C | $71.7M | Bank of Baroda | |
| Aug 2018 | $5.09M | Series B | $71.25M | – | |
| Mar 2017 | $6.55M | Series B | $••••• | Kanta Agarwal | |
| Oct 2013 | $11.95M | Series A | $••••• | Suman Agarwal |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $71.7M | •••••••• |
| Aug 2018 | $71.25M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Oct 2013 | $••••• | •••••••• |
Full valuation and stage history of Shubhalakshmi Polyesters
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $71.7M (Jun 2021). 33 investors in total: 15 institutional and 18 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are offered across India since 1908. | 1908 | bankofbaroda.in | Vadodara, India | |
Commercial banking and financial services are provided to diverse clients. | 1806 | sbi.co.in | Mumbai, India | |
IDBI Bank is engaged in providing banking and financial services. | 1964 | idbibank.in | Mumbai, India | |
Commercial banking services are offered to individuals and businesses. | 1894 | pnbindia.in | Delhi, India | |
Commercial bank | 1911 | unionbankofindia.co.in | Mumbai, India | |
Commercial bank | 1911 | centralbankofindia.co.in | Mumbai, India | |
Financial services are provided to retail, corporate, and rural clients. | 1906 | bankofindia.co.in | Mumbai, India | |
Commercial banking services are provided across India. | 1924 | karnatakabank.com | Mangaluru, India | |
Personal and business banking products and services are provided. | 1994 | indusind.com | Pune, India | |
Commercial banking services are offered to individuals and corporates. | 1907 | indianbank.in | Chennai, India |
Investor details for Shubhalakshmi Polyesters
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Board of directors of Shubhalakshmi Polyesters Limited (Shubhalakshmi Polyesters)
Shubhalakshmi Polyesters Limited is the primary company behind Shubhalakshmi Polyesters. The board of Shubhalakshmi Polyesters Limited currently have 8 directors; the longest-serving is Vikas Ramuraman Agarwal, appointed in 2005. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikas Ramuraman Agarwal DIN 00089659 | Whole-time director | 13 Sep 2005 | 21 yrs 1 mo | Shubhalakshmi Polyesters Limited |
| Ramu Raman Agarwal DIN 00203860 | Whole-time director | 30 Sep 2015 | 11 yrs | Shubhalakshmi Polyesters Limited |
| Vidhi Sultania DIN 08504986 | Director | 11 Jun 2019 | 7 yrs 4 mo | Shubhalakshmi Polyesters Limited |
| Gaurishankar Agarwal DIN 00152866 | Director | 21 Jan 2020 | 6 yrs 9 mo | Shubhalakshmi Polyesters Limited |
| Manoj Agarwal DIN 00267951 | Whole-time director | 01 Jan 2024 | 2 yrs 9 mo | Shubhalakshmi Polyesters Limited |
| Prashant Bhandarkar DIN 02949193 | Director | 31 Mar 2025 | 1 yr 6 mo | Shubhalakshmi Polyesters Limited |
| Sarthak Agarwal DIN 03613314 | Additional Director | 04 Dec 2025 | 10 mo | Shubhalakshmi Polyesters Limited |
| Nihit Agarwal DIN 07586882 | Additional Director | 01 Aug 2026 | 2 mo | Shubhalakshmi Polyesters Limited |
People of Shubhalakshmi Polyesters
3 people are tracked at Shubhalakshmi Polyesters (3 in leadership); the tracked headcount is 13.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Managing Director | Leadership | |
Mahabir Lal Agarwalla | CEO | Leadership |
Complete people profiles for Shubhalakshmi Polyesters
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Financials of Shubhalakshmi Polyesters
Figures of Shubhalakshmi Polyesters Limited, the primary company behind Shubhalakshmi Polyesters, for FY 2025. Revenue was ₹376 Cr (+343% year on year). Net profit was ₹5.10 Cr (1% margin). EBITDA was -₹12.44 Cr (-3% margin). Revenue has grown at a compounded annual rate of -47% over three years and -30% over five years.
- ₹376 CrRevenue · FY 2025 · +343% YoY
- ₹5.10 CrNet profit · 1% margin
- -₹12.44 CrEBITDA · -3% margin
- ₹57.76 CrPaid-up capital
- 13Employees (provident fund records)
- -47%Revenue CAGR, 3 years
- -30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shubhalakshmi Polyesters Limited are on its company page.
Detailed financial statements for Shubhalakshmi Polyesters
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Timeline of Shubhalakshmi Polyesters
5 dated milestones of Shubhalakshmi Polyesters across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Shubhalakshmi Polyesters is founded.
- Funding First funding round of $12.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $16.1M.
- Exit Acquired by Reliance Industries.
Top companies in Textile & Yarn Production
3 companies that operate in the same segment as Shubhalakshmi Polyesters (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 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 CEO of Shubhalakshmi Polyesters, as recorded in our data.
Shubhalakshmi Polyesters is a funded company, having raised a total of $39.69M across 4 funding rounds to date. The company's 1st funding round was a Series A of $11.95M, raised on Oct 2013.
Shubhalakshmi Polyesters has 13 employees.
The primary company behind Shubhalakshmi Polyesters, Shubhalakshmi Polyesters Limited, reported revenue of ₹376 Cr for FY 2025, up 343% year on year.
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.
Shubhalakshmi Polyesters operates through Shubhalakshmi Polyesters Limited.
Yes. Shubhalakshmi Polyesters was acquired by Reliance Industries in September 2022.