MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-06-0002067
Balaganga Textiles Private Limited - manufacturing in Dindigul, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹57.58 Cr
▲ 39% YoY
Net loss · FY 2023
₹8.29 Cr
Net margin -14.4%
EBITDA · FY 2023
-₹1.99 Cr
EBITDA margin -3.5%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹34.4 Cr
Satisfied ₹37.71 Cr
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Balaganga Textiles Private Limited
Data last updated:
Balaganga Textiles Private Limited is a private limited company based in Dindigul, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17309TZ2018PTC030960. Its GSTIN is 33AAICB0112H1ZD (Tamil Nadu).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹11 Cr. It is led by directors Dhandapani Boopathi (Managing Director) and Sadhasivam Selva Kumar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at D.No.122 – 3B Gandhi Nagar Athumedu Odc Road Vedasandur, Dindigul, Tamil Nadu, India – 624001.
As per the financials filed for FY 2023, the company reported a revenue of ₹57.58 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net loss of ₹8.29 Cr (net margin -14.4%) and EBITDA of -₹1.99 Cr (EBITDA margin -3.5%).
As per MCA filings, the company has open charges of ₹34.4 Cr and satisfied charges of ₹37.71 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 2 cases are pending.
Balaganga Textiles Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-06-0002067). For more details, the company can be reached via its website gangagroupsindia.com.
Company details
CIN U17309TZ2018PTC030960
Registration Number 030960
Incorporation Date 19 September 2018
ROC Coimbatore
Listing Status Unlisted
Company Status Active
MSME Classification Medium
Udyam Registration UDYAM-TN-06-0002067
Recognitions & Rankings of Balaganga Textiles
Contact details
Balaganga Textiles Private Limited's registered office is in Dindigul, Tamil Nadu. Its website is gangagroupsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD.No.122 – 3B Gandhi Nagar Athumedu Odc Road Vedasandur, Dindigul, Tamil Nadu, India – 624001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Balaganga Textiles Private Limited, buy the company report.
Comprehensive company report
Balaganga Textiles Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Balaganga Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Balaganga Textiles Private Limited, buy the company report.
Financials of Balaganga Textiles Private Limited
FY 2023 filings availableBalaganga Textiles Private Limited reported revenue of ₹57.58 Cr (up 39% YoY) for FY 2023.
Revenue · FY 2023
₹57.58 Cr ▲ 39%
Net loss · FY 2023
₹8.29 Cr margin -14.4%
EBITDA · FY 2023
-₹1.99 Cr margin -3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 39%
Revenue rose 39% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹57.58 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.29 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -14.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Balaganga Textiles Private Limited, buy the company report.
Board of directors of Balaganga Textiles Private Limited
Balaganga Textiles has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhandapani Boopathi | Managing Director | 19 Sep 2018 | 8 Years 1 Months | Current |
| Sadhasivam Selva Kumar | Director | 13 Nov 2018 | 8 Years 0 Months | Current |
Peer comparison
Balaganga Textiles Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Balaganga Textiles Private Limitedthis company | ₹57.58 Cr (FY 2023) | -₹8.29 Cr | -14.4% | 39.0% | Dindigul, Tamil Nadu, India | |
| Hindustan Dyeing and Printing Mills Private Limited | ₹41.49 Cr (FY 2025) | 16.0% | Surat, Gujarat, India | |||
| S.S.V. Textiles Exim Private Limited | ₹41.47 Cr (FY 2025) | -8.0% | Coimbatore, Tamil Nadu, India | |||
| Nagappa and Nagappa Spintex Private Limited | ₹41.46 Cr (FY 2025) | 17.0% | Dindigul, Tamil Nadu, India | |||
| Sri Ranilakshmi Textiles Private Limited | ₹41.45 Cr (FY 2025) | 17.0% | Coimbatore, Tamil Nadu, India | |||
| Birmi Spinning Mils Private Limited | ₹41.44 Cr (FY 2025) | 10.0% | Haryana, India | |||
| Shantiprakash Dyeing and Printing Mills Private Limited | ₹41.41 Cr (FY 2025) | 10.0% | Surat, Gujarat, India | |||
| Dhingar Silk Mills Private Limited | ₹41.4 Cr (FY 2024) | 7.0% | Mumbai, Maharashtra, India | |||
| Brothers Stretch Yarn Private Limited | ₹41.35 Cr (FY 2024) | -41.0% | New Delhi, Delhi, India |
To see the full peer comparison of Balaganga Textiles Private Limited, buy the company report.
Auditor
Balaganga Textiles Private Limited is audited by R GOVINDAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R GOVINDAN & CO | FY 2023 | 007014S |
Shareholding
The shareholding of Balaganga Textiles Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balaganga Textiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹34.4 Cr
Satisfied charges
₹37.71 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2023 | 100709782 | Hdfc Bank Limited | ₹34.4 Cr | Open | |
| 18 Dec 2020 | 100403611 | Canara Bank | ₹37.71 Cr | Satisfied |
To see the full charge records of Balaganga Textiles Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Balaganga Textiles Private Limited has 5 court cases on record: 2 filed by Balaganga Textiles, 3 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kancheepuram, Tamil Nadu | Criminal miscellaneous application | Filed against the company by HDFC Bank Ltd | Pending |
| District court, Karur, Tamil Nadu | Criminal miscellaneous application | Filed against the company by HDFC Bank Ltd | Disposed |
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed against the company by Loyal Textile Mills Ltd | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Balaganga Textiles Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balaganga Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balaganga Textiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICB0112H1ZD | Tamil Nadu | Active | 15 Nov 2018 |
To see the full GST registrations and return filing status of Balaganga Textiles Private Limited, buy the company report.
Recent activity
Balaganga Textiles Private Limited has 12 board changes on record since 2018: 2 appointments and 10 cessations. The latest: Thangavel Ashok Kumar ceased to be Director on 30 Aug 2023.
AGM
Balaganga Textiles Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Ceased
Thangavel Ashok Kumar ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 34.40 Cr registered on 10 Feb 2023 with Charge ID 100709782 was modified on 10 Jun 2023.
Charges
A charge registered on 18 Dec 2020 via Charge ID 100403611 with Canara Bank was fully satisfied on 21 Apr 2023.
Filing
Balaganga Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 34.40 Cr with Charge ID 100709782 was registered on 10 Feb 2023.
Charges
A charge with Canara Bank of Rs. 37.71 Cr registered on 18 Dec 2020 with Charge ID 100403611 was modified on 31 Mar 2022.
Ceased
Dhandapani Boopathi ceased to be Director.
Ceased
Ashokkumar Selvamani ceased to be Additional Director.
Ceased
Mariyappa Gounder Sadhasivam ceased to be Additional Director.
Ceased
Ramasamy Gounder Ramasamy Gounder Prakasam ceased to be Additional Director.
Charges
A charge with Canara Bank amounted to Rs. 37.71 Cr with Charge ID 100403611 was registered on 18 Dec 2020.
8 earlier events are in the company report.
Frequently asked questions
Balaganga Textiles is an active private limited company based in Dindigul, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 September 2018 (8+ years old) and is registered under CIN U17309TZ2018PTC030960.
Balaganga Textiles has 2 current directors:
- Dhandapani Boopathi - Managing Director
- Sadhasivam Selva Kumar - Director
The latest financial statements of Balaganga Textiles on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Balaganga Textiles is 33AAICB0112H1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Balaganga Textiles is U17309TZ2018PTC030960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaganga Textiles has 5 court cases on record: 2 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Balaganga Textiles was incorporated on 19 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Balaganga Textiles by revenue are Hindustan Dyeing and Printing Mills Private Limited, S.S.V. Textiles Exim Private Limited, Nagappa and Nagappa Spintex Private Limited, Sri Ranilakshmi Textiles Private Limited, Birmi Spinning Mils Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Thangavel Ashok Kumar ceased to be Director on 30 Aug 2023. Dhandapani Boopathi ceased to be Director on 02 Apr 2021. Ashokkumar Selvamani ceased to be Additional Director on 31 Dec 2020. Balaganga Textiles has 12 board changes on record in total.
Yes, Balaganga Textiles is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-06-0002067).
Balaganga Textiles can be reached through the website gangagroupsindia.com. Its registered office is in Dindigul, Tamil Nadu, India.
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