About Cygnet Industries Limited
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Cygnet Industries Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Kesoram Industries Ltd. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 15 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74900WB2015PLC206720. Its GSTIN is 19AAGCC0662F1ZT (West Bengal). The company holds 14 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹926.54 Cr. It is led by directors including Kashi Prasad Khandelwal and Sharmila Nath.
Its last annual general meeting (AGM) was held on 24 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Birla Building 8th Floor 9/1 R N Mukherjee Road, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹270.62 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹56.38 Cr (net margin -20.8%) and EBITDA of -₹6.96 Cr (EBITDA margin -2.6%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 4% over five years.
The company has about 2,561 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kesoram Rayon. As per MCA filings, the company has open charges of ₹222 Cr and satisfied charges of ₹2,395.43 Cr on record. Court records list 13 cases involving the company, including 8 filed by the company and 5 filed against it; 3 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹926.49 Cr; the latest was in December 2020. Its 6 peer companies in the Manufacturing industry (Industrial Chemicals, Paper, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 5 smaller; the largest is Vinod Cotfab Private Limited with revenue of ₹271.32 Cr. The company has 7 MSME Form 1 returns on record between 2021 and 2024, listing 170 overdue payments to 49 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kesoramrayon.in.
Company details
Contact details
Cygnet Industries Limited's registered office is in Kolkata, West Bengal. Its website is kesoramrayon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBirla Building 8th Floor 9/1 R N Mukherjee Road, Kolkata, West Bengal, India – 700001
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Cygnet Industries 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
Brands
Cygnet Industries operates one associated brand: Kesoram Rayon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and exports rayon yarn products from Kolkata, focusing on textile industry. | kesoramrayon.in |
Business activity
The main business activity of Cygnet Industries is manufacturing. In detail, this covers textile, leather and other apparel products, wood and wood products, furniture, paper and paper products and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Cygnet Industries Limited, buy the company report.
Financials of Cygnet Industries Limited
FY 2025 filings availableCygnet Industries Limited reported revenue of ₹270.62 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 32% 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 |
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| Total Expenses | |||||
| EBITDA | -₹6.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56.38 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.6% | ||||
| Net Profit Margin | -20.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Cygnet Industries Limited, buy the company report.
Board of directors of Cygnet Industries Limited
Cygnet Industries has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kashi Prasad Khandelwal | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Sharmila Nath Also directs: Vidula Chemicals and Manufacturing Industries Ltd, Manav Investment and Trading Company Ltd, Euston Industries Limited and 5 more | Director | 15 Jun 2015 | 11 Years 4 Months | Current |
| Sarat Priya Patjoshi | Director | 11 Mar 2022 | 4 Years 7 Months | Current |
| Deepak Kumar Sharma | Director | 12 Feb 2016 | 10 Years 8 Months | Current |
| Satish Narain Jajoo Also directs: Kesoram Industries Ltd, Chemfab Alkalis Limited | Director | 08 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Cygnet Industries Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Industrial Chemicals, Paper, 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 |
|---|---|---|---|---|---|---|
| Vinod Cotfab Private Limited | ₹271.32 Cr (FY 2025) | -40.0% | Ahmedabad, Gujarat, India | |||
| Cygnet Industries Limitedthis company | ₹270.62 Cr (FY 2025) | -₹56.38 Cr | -20.8% | 1.0% | 2,561 | Kolkata, West Bengal, India |
| Ashok Textile Mills Private Limited | ₹270.21 Cr (FY 2025) | 9.0% | Namakkal, Tamil Nadu, India | |||
| Modern Threads (India) Limited | ₹269.89 Cr (FY 2025) | -11.0% | Bhilwara, Rajasthan, India | |||
| Akr Industries Private Limited | ₹269.87 Cr (FY 2024) | -17.0% | Tirupur, Tamil Nadu, India | |||
| Maruti Cotex Limited | ₹269.53 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Mother Land Textile India Private Limited | ₹269.03 Cr (FY 2025) | 18.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Cygnet Industries Limited, buy the company report.
Auditor
Cygnet Industries Limited is audited by NEHA BOTHRA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NEHA BOTHRA & CO. | FY 2023 | 326938E |
Shareholding
The shareholding of Cygnet Industries Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cygnet Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2025 | 101073304 | Others | ₹5 Cr | Open | |
| 16 Oct 2023 | 100811061 | Others | ₹67 Cr | Open | |
| 30 Dec 2020 | 100417096 | Others | ₹150 Cr | Open | |
| 08 Sep 2023 | 100783459 | Others | ₹15 Cr | Satisfied | |
| 07 Apr 2022 | 100565044 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Cygnet Industries Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Cygnet Industries Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹926.49 Cr; the latest was in December 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Funding round | ₹496.49 Cr | Investors: Kesoram Industries Ltd |
| Mar 2018 | Funding round | ₹400 Cr | Investors: Kesoram Industries Ltd |
| May 2016 | Funding round | ₹30 Cr | Investors: Kesoram Industries Ltd |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: Kesoram Industries Limited & Sonali Sarkar, Kesoram Industries Ltd , Kesoram Industries Limited & Madhumita Sengupta Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cygnet Industries Limited has 13 court cases on record: 8 filed by Cygnet Industries, 5 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 3 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Insolvency matter | Filed against the company by Saroj Commodities Private Limited | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Chemico International Pvt Ltd | Disposed |
| Calcutta High Court | Court case (CO) | Filed against the company by an individual | Pending |
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Rathi Brothers | Pending |
| Calcutta High Court | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Cygnet 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
Cygnet Industries Limited was last rated by Brickwork on 26 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 26 Apr 2022 |
To see the full credit ratings and regulatory alerts of Cygnet Industries Limited, buy the company report.
MSME payment delays
Cygnet Industries Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 170 overdue payments to 49 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 49)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Valvtech Engineers Private Limited | |||
| an individual supplier | |||
| Gajanan Minerals Private Limited | |||
| an individual supplier | |||
| Thermolite Mouldings Private Limited |
To see the full MSME payment records of Cygnet Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Cygnet Industries Limited has a workforce of 2,561 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Cygnet Industries has 14 GST registrations: 10 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAGCC0662F1ZT | West Bengal | Active | 01 Jul 2017 |
| 19AAGCC0662F2ZS | West Bengal | Active | 10 Jul 2017 |
| 19AAGCC0662F3ZR | West Bengal | Active | 04 Jun 2025 |
| 06AAGCC0662F1Z0 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cygnet Industries Limited, buy the company report.
Recent activity
Cygnet Industries Limited has 23 board changes on record since 2015: 14 appointments and 9 cessations. The latest: Satish Narain Jajoo was appointed as Director on 08 Mar 2025.
42 earlier events are in the company report.
Frequently asked questions
Cygnet Industries is an active public limited company based in Kolkata, West Bengal, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 15 June 2015 (11+ years old) and is registered under CIN U74900WB2015PLC206720.
Cygnet Industries has 5 current directors:
- Kashi Prasad Khandelwal - Director
- Sharmila Nath - Director
- Sarat Priya Patjoshi - Director
- Deepak Kumar Sharma - Director
- Satish Narain Jajoo - Director
The latest financial statements of Cygnet Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 June 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Cygnet Industries is 19AAGCC0662F1ZT, registered in West Bengal. The company has 14 GST registrations in all, of which 10 are active and 4 are cancelled or inactive. Other active GSTINs include 19AAGCC0662F2ZS (West Bengal), 19AAGCC0662F3ZR (West Bengal), 06AAGCC0662F1Z0 (Haryana).
The CIN (Corporate Identification Number) of Cygnet Industries is U74900WB2015PLC206720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cygnet Industries has 13 court cases on record: 8 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.
Cygnet Industries was incorporated on 15 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Kolkata.
Cygnet Industries has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹926.49 Cr; the latest was in December 2020.
The peers of Cygnet Industries by revenue are Vinod Cotfab Private Limited, Ashok Textile Mills Private Limited, Modern Threads (India) Limited, Akr Industries Private Limited, Maruti Cotex Limited and 1 more, all in the Manufacturing industry (Industrial Chemicals, Paper, Textiles), with the same principal business activity (textile, leather and other apparel products).
Satish Narain Jajoo was appointed as Director on 08 Mar 2025. Sarat Priya Patjoshi was appointed as Director on 11 Mar 2022. Sneha Kajaria ceased to be Director on 24 Feb 2022. Cygnet Industries has 23 board changes on record in total.
Cygnet Industries has 7 MSME Form 1 returns on record between 2021 and 2024, listing 170 overdue payments to 49 micro and small suppliers. The latest return was filed on 10 May 2024.
Cygnet Industries can be reached through the website kesoramrayon.in. Its registered office is in Kolkata, West Bengal, India.
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