India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #974 Jyotiprasad Chiripal & family ₹2,900 Cr
- #1,028 Jaiprakash Chiripal & family ₹2,600 Cr
Revenue · FY 2025
₹2,243.19 Cr
▲ 35% YoY
Net profit · FY 2025
₹55.18 Cr
Net margin 2.5%
EBITDA · FY 2025
₹112 Cr
EBITDA margin 5%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹27.55 Cr
Issued & subscribed
Open charges
₹551.77 Cr
Satisfied ₹1,176.84 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
904
Provident fund records
About Chiripal Industries Limited
Data last updated:
Chiripal Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 April 1988 and has been in existence for over 38 years.
Its director Jyotiprasad Chiripal and family are #974 among India's richest people (2026). Its director Jaiprakash Chiripal and family are #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ1988PLC010634. Its GSTIN is 24AAACC8513B1ZA (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹27.55 Cr. It was formerly known as Chiripal Twisting and Sizing Limited and Chiripal Twisting and Sizing Private Limited. It is led by directors including Jyotiprasad Devkinandan Chiripal (Managing Director) and Rajesh Premchand Bindal (Whole-Time Director).
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 Survey No 199 200/1 & 200/2 Saijpur – Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,243.19 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹55.18 Cr (net margin 2.5%) and EBITDA of ₹112 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 13% over five years.
The company has about 904 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹551.77 Cr and satisfied charges of ₹1,176.84 Cr on record. Court records list 376 cases involving the company, including 282 filed by the company and 94 filed against it; 73 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiripalgroup.com.
Company details
CIN U17110GJ1988PLC010634
Registration Number 010634
Incorporation Date 27 April 1988
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
Chiripal Industries has undergone 3 name changes throughout its history. The company was previously known as Chiripal Twisting And Sizing Limited, Chiripal Twisting And Sizing Private Limited, and Chiripal Petrochemicals Limited. The current legal name is Chiripal Industries Limited.
| Company Name | Status |
|---|---|
| Chiripal Industries Limited | Current |
| Chiripal Twisting And Sizing Limited | Previous |
| Chiripal Twisting And Sizing Private Limited | Previous |
| Chiripal Petrochemicals Limited | Previous |
Key People
Jyotiprasad Devkinandan Chiripal Managing Director Rajesh Premchand Bindal Whole-Time Director Rajendra Vyas Director Recognitions & Rankings of Chiripal Industries
Contact details
Chiripal Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is chiripalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No 199 200/1 & 200/2 Saijpur – Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Chiripal Industries Limited, buy the company report.
Comprehensive company report
Chiripal Industries 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 Chiripal Industries 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 Chiripal Industries Limited, buy the company report.
Financials of Chiripal Industries Limited
FY 2024 filings availableChiripal Industries Limited reported revenue of ₹2,243.19 Cr (up 35% YoY) for FY 2025.
Revenue · FY 2025
₹2,243.19 Cr ▲ 35%
Net profit · FY 2025
₹55.18 Cr margin 2.5%
EBITDA · FY 2025
₹112 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 10%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▼ 1%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 35% growth in the latest year. EBITDA rose 5% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹112 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹55.18 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 2.5% | ||||
| 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 Chiripal Industries Limited, buy the company report.
Board of directors of Chiripal Industries Limited
Chiripal Industries has 8 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Vyas | Director | 02 Dec 2020 | 5 Years 10 Months | Current |
| Jaindra Ramashankar Rajput Also directs: Devkinandan Corporation LLP | Director | 01 Dec 2017 | 8 Years 11 Months | Current |
| Jyotiprasad Devkinandan Chiripal Also directs: Chiripal Industrial Park Private Limited, Nandan Chiripal Energy Coporation LLP, Devkinandan Corporation LLP and 5 more | Managing Director | 07 Aug 2006 | 20 Years 2 Months | Current |
| Jaiprakash Devkinandan Chiripal Also directs: Vraj Integrated Textile Park Limited, Nandan Chiripal Energy Coporation LLP, Nandan Corporation LLP and 5 more | Director | 15 Oct 2018 | 8 Years 0 Months | Current |
| Kashvi Gurnani | Director | 12 Jun 2023 | 3 Years 4 Months | Current |
| Rajesh Premchand Bindal Also directs: Ace Fabrics LLP, Narol Textile Infrastructure & Enviro Management, Chiripal Industrial Park Private Limited and 1 more | Whole-Time Director | 26 Apr 2006 | 20 Years 6 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Chiripal Industries 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 |
|---|---|---|---|---|---|---|
| Sutlej Textiles and Industries Limited | ₹2,698.53 Cr (FY 2025) | -1.0% | Jhalawar, Rajasthan, India | |||
| Sportking India Limited | ₹2,551.02 Cr (FY 2025) | 6.0% | Ludhiana, Punjab, India | |||
| Kanchan India Limited | ₹2,521.23 Cr (FY 2025) | 8.0% | Bhilwara, Rajasthan, India | |||
| Pallava Textiles Private Limited | ₹2,420.13 Cr (FY 2025) | 8.0% | Erode, Tamil Nadu, India | |||
| Chiripal Industries Limitedthis company | ₹2,243.19 Cr (FY 2025) | ₹55.18 Cr | 2.5% | 35.0% | 904 | Ahmedabad, Gujarat, India |
| Siyaram Silk Mills Limited | ₹2,129.65 Cr (FY 2024) | -6.0% | Thane, Maharashtra, India | |||
| Orient Craft Limited | ₹2,045.2 Cr (FY 2020) | -8.0% | Gurgaon, Haryana, India | |||
| Century Enka Limited | ₹2,039.01 Cr (FY 2025) | 15.0% | Pune, Maharashtra, India | |||
| Shree Durga Syntex Private Limited | ₹2,038.27 Cr (FY 2025) | 14.0% | Surat, Gujarat, India |
To see the full peer comparison of Chiripal Industries Limited, buy the company report.
Auditor
Chiripal Industries Limited is audited by KAMAL M. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMAL M. SHAH & CO. | FY 2023 | 130266W |
Shareholding
The shareholding of Chiripal Industries 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 Chiripal Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹551.77 Cr
Satisfied charges
₹1,176.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2025 | 101199855 | Others | ₹41.02 Cr | Open | |
| 01 Nov 2023 | 100809705 | Hdfc Bank Limited | ₹21 Lakh | Open | |
| 17 Aug 2022 | 100604068 | Canara Bank | ₹10 Cr | Open | |
| 24 Dec 2020 | 100415736 | Hdfc Bank Limited | ₹26.02 Lakh | Open | |
| 03 Jun 2011 | 10487642 | State Bank of India (Lead Bank) | ₹154.6 Cr | Open |
To see the full charge records of Chiripal Industries Limited, buy the company report.
Total charge records: 38 View all charges
Legal cases
Chiripal Industries Limited has 376 court cases on record: 282 filed by Chiripal Industries, 94 filed against it. 73 cases are pending and 303 are disposed.
Total cases
376
Filed by the company
282
Filed against the company
94
Pending
73
Disposed
303
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 334 | 71 | 64 |
| High courts | 41 | 22 | 8 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 376)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against The New India Assurance Co. Ltd. and 2 others | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against United India Insurance Co Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Jignesh Anilbhai Shah Autho. Person of Centenary Polytex Pvt. Ltd. | Disposed |
| High Court | Court case (CARBP) | Filed by the company against United India Insurance Company Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed by the company against Axiom Polypack Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Chiripal Industries 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.
Credit ratings & regulatory alerts
Chiripal Industries Limited was last rated by Brickwork on 03 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 03 Aug 2021 |
To see the full credit ratings and regulatory alerts of Chiripal Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Chiripal Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Chiripal Industries has 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Associated companies
Employees & EPFO
Chiripal Industries Limited has a workforce of 904 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
904
Active EPFO establishments
2
Employee growth
-33.38%
GST
Chiripal Industries has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC8513B1ZA | Gujarat | Active | 01 Jul 2017 |
| 24AAACC8513B2Z9 | Gujarat | Active | 26 Nov 2018 |
| 24AAACC8513B3Z8 | Gujarat | Active | 29 Nov 2018 |
To see the full GST registrations and return filing status of Chiripal Industries Limited, buy the company report.
Recent activity
Chiripal Industries Limited has 29 board changes on record since 2006: 8 appointments and 21 cessations. The latest: Ghanshyambhai Lalsahab Yadav ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Others amounted to Rs. 41.02 Cr with Charge ID 101199855 was registered on 04 Dec 2025.
Ceased
Ghanshyambhai Lalsahab Yadav ceased to be Additional Director.
Charges
A charge with Others of Rs. 345.68 Cr registered on 31 Aug 2009 with Charge ID 10181398 was modified on 11 Aug 2025.
Appointed
Ghanshyambhai Lalsahab Yadav was appointed as Director.
AGM
Chiripal Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Chiripal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100809705 was registered on 01 Nov 2023.
Ceased
Kashvi Gurnani ceased to be Additional Director.
Ceased
Sourabh Patawari Vijay ceased to be Additional Director.
Appointed
Sourabh Patawari Vijay was appointed as Director.
Charges
A charge registered on 12 Jan 2017 via Charge ID 100074705 with Karnataka Bank Ltd. was fully satisfied on 18 Jul 2023.
Appointed
Kashvi Gurnani was appointed as Director.
97 earlier events are in the company report.
Frequently asked questions
Chiripal Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 April 1988 (38+ years old) and is registered under CIN U17110GJ1988PLC010634.
Chiripal Industries has 8 current directors:
- Jyotiprasad Devkinandan Chiripal - Managing Director
- Rajesh Premchand Bindal - Whole-Time Director
- Rajendra Vyas - Director
- Jaindra Ramashankar Rajput - Director
- Jaiprakash Devkinandan Chiripal - Director
- Kashvi Gurnani - Director
- Ghanshyambhai Lalsahab Yadav - Director
- Sourabh Patawari Vijay - Director
The latest financial statements of Chiripal Industries 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 Chiripal Industries is 24AAACC8513B1ZA, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACC8513B2Z9 (Gujarat), 24AAACC8513B3Z8 (Gujarat).
The CIN (Corporate Identification Number) of Chiripal Industries is U17110GJ1988PLC010634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chiripal Industries has 376 court cases on record: 282 filed by the company and 94 filed against it. 73 are pending. Most are in the district courts.
Chiripal Industries was incorporated on 27 April 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Chiripal Industries by revenue are Sutlej Textiles and Industries Limited, Sportking India Limited, Kanchan India Limited, Pallava Textiles Private Limited, Siyaram Silk Mills Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ghanshyambhai Lalsahab Yadav ceased to be Additional Director on 29 Sep 2025. Ghanshyambhai Lalsahab Yadav was appointed as Director on 06 Feb 2025. Kashvi Gurnani ceased to be Additional Director on 25 Sep 2023. Chiripal Industries has 29 board changes on record in total.
Chiripal Industries can be reached through the website chiripalgroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Chiripal Industries is at Survey No 199 2001 & 2002 Saijpur – Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405.
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