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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 4
- Last Round Series C — $16.1M
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First Round
First Round
(01 Oct 2013)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Shubhalakshmi Polyesters | Valuation | Bank of Baroda | |
| Aug, 2018 | Amount | Series B - Shubhalakshmi Polyesters | Valuation |
investors |
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| Mar, 2017 | Amount | Series B - Shubhalakshmi Polyesters | Valuation | Kanta Agarwal |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are offered across India since 1908.
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided to diverse clients.
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Founded Year | Domain | Location | |
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IDBI Bank is engaged in providing banking and financial services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shubhalakshmi Polyesters
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shubhalakshmi Polyesters
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shubhalakshmi Polyesters Comparisons
Competitors of Shubhalakshmi Polyesters
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shubhalakshmi Polyesters
Frequently Asked Questions about Shubhalakshmi Polyesters
When was Shubhalakshmi Polyesters founded?
Shubhalakshmi Polyesters was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Where is Shubhalakshmi Polyesters located?
Shubhalakshmi Polyesters is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Shubhalakshmi Polyesters?
Mahabir Lal Agarwalla is the current CEO of Shubhalakshmi Polyesters.
Is Shubhalakshmi Polyesters a funded company?
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 B of $6.55M, raised on Oct 01, 2013.
How many employees does Shubhalakshmi Polyesters have?
As of Apr 09, 2024, the latest employee count at Shubhalakshmi Polyesters is 13.
What is the annual revenue of Shubhalakshmi Polyesters?
Annual revenue of Shubhalakshmi Polyesters is $355.38M as on Mar 31, 2023.
What does Shubhalakshmi Polyesters do?
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.
What products or services does Shubhalakshmi Polyesters offer?
Shubhalakshmi Polyesters offers Polyester Manufacturing and Investment Services.
Who are Shubhalakshmi Polyesters's investors?
Shubhalakshmi Polyesters has 33 investors. Key investors include IDBI Bank, Punjab National Bank, IndusInd Bank, Karnataka Bank, and State Bank of India.
What is Shubhalakshmi Polyesters's valuation?
The valuation of Shubhalakshmi Polyesters is $71.7M as of Jun 2021.