About Cheema Spintex Ltd
Data last updated:
Cheema Spintex Ltd is a public limited company based in Chandigarh, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 October 1994.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115CH1994PLC015140. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹41.68 Cr. It is led by directors including Hardyal Singh Cheema (Managing Director) and Amarjit Singh Cheema.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at House No. 176/2 Sector – 41A, Chandigarh, India – 160036.
As per the financials filed for FY 2022, the company reported a revenue of ₹20,939, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹6.06 Cr and EBITDA of -₹1.61 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 85% over five years.
The company has about 300 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.55 Cr and satisfied charges of ₹17.67 Cr on record. Court records list 312 cases involving the company, including 152 filed by the company and 120 filed against it; 24 cases are pending.
The last known website on record is cheemagroup.com.
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- Registered AddressHouse No. 176/2 Sector – 41A, Chandigarh, India – 160036
- IndustryManufacturing, Textile & Fabric Production
- 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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Financials of Cheema Spintex Ltd FY 2022 filings available
Cheema Spintex Ltd reported revenue of ₹20,939 (down 79% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Cheema Spintex Ltd
Revenue has declined at a compounded annual rate (CAGR) of 85% over five years, including a 79% fall in the latest year. EBITDA rose 44% 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 of Cheema Spintex Ltd
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹20,939 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.06 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 of Cheema Spintex Ltd
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cheema Spintex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Cheema Spintex Ltd
Cheema Spintex Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Valour Textiles Private Limited | ₹21,335 (FY 2016) | •••• | •••• | 22.0% | •••• | Udgir, Maharashtra, India |
| Akruti Tradehub Private Limited | ₹21,200 (FY 2025) | •••• | •••• | -97.0% | •••• | Mumbai, Maharashtra, India |
| Newcore Clothing Private Limited | ₹21,000 (FY 2024) | •••• | •••• | 49.0% | •••• | Noida, Uttar Pradesh, India |
| Gloster Gujrat Limited | ₹20,990 (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Cuckoo Designs Private Limited | ₹20,968 (FY 2024) | •••• | •••• | -75.0% | •••• | Ernakulam, Kerala, India |
| Cheema Spintex Ltd this company | ₹20,939 (FY 2022) | •••• | •••• | -79.0% | •••• | Chandigarh, India |
| Yashoda Filament Private Limited | ₹20,910 (FY 2025) | •••• | •••• | -22.0% | •••• | Surat, Gujarat, India |
| Priyaatlee Fashions Private Limited | ₹20,900 (FY 2024) | •••• | •••• | -59.0% | •••• | Chennai, Tamil Nadu, India |
| Magnasurge Private Limited | ₹20,852 (FY 2021) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Oswal Fashion Private Limited | ₹20,740 (FY 2025) | •••• | •••• | 4.0% | •••• | Ludhiana, Punjab, India |
| Majishaa Crafts and Arts Private Limited | ₹20,725 (FY 2025) | •••• | •••• | -98.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Cheema Spintex by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Cheema Spintex Ltd
Cheema Spintex Ltd is audited by Khurana Vineet & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Khurana Vineet & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Cheema Spintex Ltd
Cheema Spintex has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amarjit Singh Cheema | Director | 10 Oct 1994 | 32 Years 0 Months | As last reported |
| Abhay Pal Gupta | Director | 26 Jun 2015 | 11 Years 3 Months | As last reported |
| Arun Gupta | Irp/Rp/Liquidator | 05 Jun 2025 | 1 Years 4 Months | As last reported |
| Nipan Bansal Also directs: Competent Insolvency Professionals Private Limited | Irp/Rp/Liquidator | 23 May 2024 | 2 Years 4 Months | As last reported |
| Sanjay Krishna Ahuja Also directs: Indian Acrylics Limited, Cepham Milk Specialities Limited, Dev Spinners Limited and 2 more | Nominee Director | 08 Nov 2000 | 25 Years 11 Months | As last reported |
| Hardyal Singh Cheema Also directs: Mega Hydel Gen Private Limited | Managing Director | 10 Oct 1994 | 32 Years 0 Months | As last reported |
Ownership and Shareholding of Cheema Spintex Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Cheema Spintex Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Feb 2000 | Industrial Bank of India | ₹2.75 Cr | Open |
| 06 Dec 1997 | State Bank of India | ₹19.5 Cr | Open |
| 23 Jul 1997 | Industrial Development Bank of India | ₹4 Cr | Open |
| 04 Aug 1995 | Industrial Development Bank of India | ₹26.3 Cr | Open |
| 25 Feb 2010 | Oriental Bank of Commerce | ₹15.73 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Cheema Spintex Ltd
Cheema Spintex Ltd has 312 court cases on record: 152 filed by Cheema Spintex, 120 filed against it, 40 where it is another party. 24 cases are pending and 288 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 201 | 108 | 22 |
| High courts | 103 | 5 | 2 |
| NCLAT | 6 | 6 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 312)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Appeal | Filed against the company by Fibril Tex Limited | Pending |
| District court, SAS Nagar, Punjab | Appeal | Filed against the company by Fibril Tex Limited | Disposed |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against Fibril Tex Limited | Disposed |
| District court, SAS Nagar, Punjab | Court case (TA CIVIL) | Filed by the company against Fibril Tex Limited | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by Jainarain Fabtech Limited | Disposed |
Full case history
All 312 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Cheema Spintex Ltd
Cheema Spintex Ltd has a workforce of 300 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Cheema Spintex Ltd
Cheema Spintex has one previous CIN (Corporate Identification Number): L17115CH1994PLC015140. The current CIN is U17115CH1994PLC015140, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115CH1994PLC015140 | Current |
| L17115CH1994PLC015140 | Previous |
Recent Activity on Cheema Spintex Ltd
Cheema Spintex Ltd has 19 board changes on record since 1994: 6 appointments and 13 cessations. The latest: Arun Gupta was appointed as Irp/Rp/Liquidator on 05 Jun 2025.
22 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Cheema Spintex Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Cheema Spintex Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Cheema Spintex Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Cheema Spintex Ltd
Cheema Spintex has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Cheema Spintex Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cheema Spintex Ltd
Cheema Spintex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Cheema Spintex is a company under liquidation, formerly operating as a public limited company based in Chandigarh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 10 October 1994 and is registered under CIN U17115CH1994PLC015140. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cheema Spintex reported revenue of ₹20,939 for FY 2022 (down 79% YoY).
Cheema Spintex has 6 current directors:
- Hardyal Singh Cheema - Managing Director
- Amarjit Singh Cheema - Director
- Abhay Pal Gupta - Director
- Sanjay Krishna Ahuja - Nominee Director
- Arun Gupta - Irp/Rp/Liquidator
- Nipan Bansal - Irp/Rp/Liquidator
Cheema Spintex reported a net loss of ₹6.06 Cr and EBITDA of -₹1.61 Lakh for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cheema Spintex is -78% over three years and -85% over five years. In the latest year (FY 2022) revenue fell 79%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Cheema Spintex is U17115CH1994PLC015140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheema Spintex has open charges of ₹52.55 Cr and satisfied charges of ₹17.67 Cr as per latest MCA filings.
Cheema Spintex has 312 court cases on record: 152 filed by the company and 120 filed against it. 24 are pending. Most are in the district courts.
Cheema Spintex was incorporated on 10 October 1994. It is registered with the Registrar of Companies, Chandigarh.
The peers of Cheema Spintex by revenue are Valour Textiles Private Limited, Akruti Tradehub Private Limited, Newcore Clothing Private Limited, Gloster Gujrat Limited, Cuckoo Designs Private Limited and 5 more, all in the Manufacturing industry (Textiles).