Babita Laces Private Limited
About Babita Laces Private Limited
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Babita Laces Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 21 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1996PTC102010. Its GSTIN is 24AABCR6989H1ZY (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It was formerly known as Shamot Elastics Pvt Ltd and Ronak Elastics Private Limited. It is led by directors Rakeshkumar Puranmal Giria and Renu Rakesh Giria.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 303 Arihant Co – Op Society Opp. Cambridge School Thakur Complex Kandivali (East), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.28 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹38.29 Lakh (net margin -30%) and EBITDA of ₹3.07 Lakh (EBITDA margin 2.4%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹4.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Babita Laces has undergone 2 name changes throughout its history. The company was previously known as Shamot Elastics Pvt Ltd, and Ronak Elastics Private Limited. The current legal name is Babita Laces Private Limited.
| Company Name | Status |
|---|---|
| Babita Laces Private Limited | Current |
| Shamot Elastics Pvt Ltd | Previous |
| Ronak Elastics Private Limited | Previous |
Contact details
Babita Laces Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address303 Arihant Co – Op Society Opp. Cambridge School Thakur Complex Kandivali (East), Mumbai, Maharashtra, India – 400101
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Babita Laces Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Babita Laces is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Babita Laces Private Limited, buy the company report.
Financials of Babita Laces Private Limited
FY 2024 filings availableBabita Laces Private Limited reported revenue of ₹1.28 Cr (up 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA rose 105% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.07 Lakh | ||||
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| Net Profit (PAT) | -₹38.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -30% | ||||
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To see the full financial statements and ratios of Babita Laces Private Limited, buy the company report.
Board of directors of Babita Laces Private Limited
Babita Laces has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakeshkumar Puranmal Giria Also directs: Smit Capital Services Private Limited | Director | 22 Feb 2020 | 6 Years 8 Months | Current |
| Renu Rakesh Giria | Director | 27 Aug 1998 | 28 Years 2 Months | Current |
Auditor
Babita Laces Private Limited is audited by M M S & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M S & ASSOCIATES | FY 2023 | 110250W |
Shareholding
The shareholding of Babita Laces Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Babita Laces Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Nov 2023 | 100823563 | Canara Bank | ₹3.87 Cr | Open | |
| 30 Nov 2006 | 10110195 | The Surat Peoples Co-Operative Bank Limited | ₹15 Lakh | Open | |
| 29 Sep 2006 | 10065687 | The Surat Peoples Co-Operative Bank Limited | ₹8 Lakh | Open | |
| 30 Mar 1999 | 80004122 | Jankalyan Shahkari Bank | ₹- | Satisfied | |
| 30 Mar 1999 | 90142372 | Jankalyan Sahakari Bank Ltd. | ₹- | Satisfied |
To see the full charge records of Babita Laces Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Babita Laces Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Babita Laces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Babita Laces has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCR6989H1ZY | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Babita Laces Private Limited, buy the company report.
Recent activity
Babita Laces Private Limited has 4 board changes on record since 1998: 2 appointments and 2 cessations. The latest: Rakeshkumar Puranmal Giria was appointed as Director on 22 Feb 2020.
2 earlier events are in the company report.
Frequently asked questions
Babita Laces is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 21 August 1996 (30+ years old) and is registered under CIN U25209MH1996PTC102010.
Babita Laces has 2 current directors:
- Rakeshkumar Puranmal Giria - Director
- Renu Rakesh Giria - Director
The latest financial statements of Babita Laces on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Babita Laces is 24AABCR6989H1ZY, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Babita Laces is U25209MH1996PTC102010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Babita Laces was incorporated on 21 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Rakeshkumar Puranmal Giria was appointed as Director on 22 Feb 2020. Ronak Giria ceased to be Director on 22 Feb 2020. Rakeshkumar Puranmal Giria ceased to be Director on 17 Jan 2019. Babita Laces has 4 board changes on record in total.
The registered office of Babita Laces is at 303 Arihant Co – Op Society Opp. Cambridge School Thakur Complex Kandivali East, Mumbai, Maharashtra, India – 400101.
Babita Laces operates in the manufacturing industry, in the textile and fabric production segment.
Babita Laces has open charges of ₹4.1 Cr and no satisfied charges on record as per latest MCA filings.
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