Daksh Weaves Private Limited
About Daksh Weaves Private Limited
Data last updated:
Daksh Weaves Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 19 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17309GJ2017PTC095211. Its GSTIN is 24AAGCD0587Q1Z6 (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Jagadishkumar Vithaldas Patel and Piyushkumar Jagdishbhai Patel.
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 14 Sai Ashirwad 1 Bamroli, Surat, Gujarat, India – 394210.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.51 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹4.46 Lakh (net margin -0.2%) and EBITDA of ₹48.58 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 224% over three years.
As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹7.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Daksh Weaves Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14 Sai Ashirwad 1 Bamroli, Surat, Gujarat, India – 394210
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Daksh Weaves 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
Financials of Daksh Weaves Private Limited
FY 2024 filings availableDaksh Weaves Private Limited reported revenue of ₹19.51 Cr (down 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 224%. EBITDA fell 23% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹19.51 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹48.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.46 Lakh | ||||
| 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 | 2.5% | ||||
| Net Profit Margin | -0.2% | ||||
| 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 Daksh Weaves Private Limited, buy the company report.
Board of directors of Daksh Weaves Private Limited
Daksh Weaves has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagadishkumar Vithaldas Patel | Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Piyushkumar Jagdishbhai Patel | Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Jayshree Jagdishkumar Patel | Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Bhaviniben Piyushkumar Patel | Director | 15 Apr 2017 | 9 Years 6 Months | Current |
Auditor
Daksh Weaves Private Limited is audited by GRR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GRR & CO. | FY 2023 | 121213W |
Shareholding
The shareholding of Daksh Weaves 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 Daksh Weaves Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2022 | 100617561 | Others | ₹5.5 Cr | Open | |
| 22 Jul 2021 | 100473092 | The Kalupur Commercial Co-Operative Bank Limited | ₹3.5 Cr | Satisfied | |
| 31 Jul 2020 | 100362078 | State Bank of India | ₹4 Cr | Satisfied |
To see the full charge records of Daksh Weaves Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Daksh Weaves 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
Daksh Weaves Private Limited has 3 MSME Form 1 returns on record between 2018 and 2020, listing 44 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| GRR & Co. | |||
| GRR Advisory Services Private Limited | |||
| Bright Taxcorp Consultants Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Daksh Weaves Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Daksh Weaves has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCD0587Q1Z6 | Gujarat | Active | 17 Feb 2018 |
To see the full GST registrations and return filing status of Daksh Weaves Private Limited, buy the company report.
Recent activity
Daksh Weaves Private Limited has 4 board changes on record since 2017: 4 appointments. The latest: Bhaviniben Piyushkumar Patel was appointed as Director on 15 Apr 2017.
Frequently asked questions
Daksh Weaves is an active private limited company based in Surat, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 19 January 2017 (9+ years old) and is registered under CIN U17309GJ2017PTC095211.
Daksh Weaves has 4 current directors:
- Jagadishkumar Vithaldas Patel - Director
- Piyushkumar Jagdishbhai Patel - Director
- Jayshree Jagdishkumar Patel - Director
- Bhaviniben Piyushkumar Patel - Director
The latest financial statements of Daksh Weaves 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 FY 2017 are in the company report.
The GSTIN of Daksh Weaves is 24AAGCD0587Q1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Daksh Weaves is U17309GJ2017PTC095211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daksh Weaves was incorporated on 19 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bhaviniben Piyushkumar Patel was appointed as Director on 15 Apr 2017. Jagadishkumar Vithaldas Patel was appointed as Director on 19 Jan 2017. Jayshree Jagdishkumar Patel was appointed as Director on 19 Jan 2017. Daksh Weaves has 4 board changes on record in total.
Daksh Weaves has 3 MSME Form 1 returns on record between 2018 and 2020, listing 44 overdue payments to 6 micro and small suppliers. The latest return was filed on 09 Nov 2020.
The registered office of Daksh Weaves is at 14 Sai Ashirwad 1 Bamroli, Surat, Gujarat, India – 394210.
Daksh Weaves operates in the home and lifestyle industry, in the textile retail and distribution segment.
Daksh Weaves has open charges of ₹5.5 Cr and satisfied charges of ₹7.5 Cr as per latest MCA filings.
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