MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0032766
Dhani Rayon Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹240.02 Cr
▲ 26% YoY
Net profit · FY 2023
₹1.7 Cr
Net margin 0.7%
EBITDA · FY 2023
₹2.47 Cr
EBITDA margin 1%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹13.44 Lakh
Issued & subscribed
Open charges
₹13.22 Cr
Satisfied ₹6.14 Cr
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings
About Dhani Rayon Private Limited
Data last updated:
Dhani Rayon Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2011PTC065200. Its GSTIN is 24AADCD8209J1ZO (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13.44 Lakh. It is led by directors Manav Mahesh Shirawala and Maheshkumar Dhansukhlal Shirawala.
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 H.No. 860 North 861 Hira Modi St. Sagrampura, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2023, the company reported a revenue of ₹240.02 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.7 Cr (net margin 0.7%) and EBITDA of ₹2.47 Cr (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over five years.
As per MCA filings, the company has open charges of ₹13.22 Cr and satisfied charges of ₹6.14 Cr on record. Court records list 18 cases involving the company, including 16 filed by the company and 2 filed against it; 12 cases are pending.
Dhani Rayon Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0032766). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhanigroup.com.
Company details
CIN U17120GJ2011PTC065200
Registration Number 065200
Incorporation Date 28 April 2011
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
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0032766
Recognitions & Rankings of Dhani Rayon
Contact details
Dhani Rayon Private Limited's registered office is in Surat, Gujarat. Its website is dhanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.No. 860 North 861 Hira Modi St. Sagrampura, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Dhani Rayon Private Limited, buy the company report.
Comprehensive company report
Dhani Rayon 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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Financials of Dhani Rayon Private Limited
FY 2024 filings availableDhani Rayon Private Limited reported revenue of ₹240.02 Cr (up 26% YoY) for FY 2023.
Revenue · FY 2023
₹240.02 Cr ▲ 26%
Net profit · FY 2023
₹1.7 Cr margin 0.7%
EBITDA · FY 2023
₹2.47 Cr margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 212%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 26% growth in the latest year. EBITDA rose 212% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹240.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.7 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 | 1% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Dhani Rayon Private Limited, buy the company report.
Board of directors of Dhani Rayon Private Limited
Dhani Rayon has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manav Mahesh Shirawala | Director | 25 Aug 2018 | 8 Years 1 Months | Current |
| Maheshkumar Dhansukhlal Shirawala Also directs: Mythic Tex Fab LLP | Director | 28 Apr 2011 | 15 Years 5 Months | Current |
Auditor
Dhani Rayon Private Limited is audited by RANJIT GALLENDAR & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANJIT GALLENDAR & CO. | FY 2023 | 108640W |
Shareholding
The shareholding of Dhani Rayon 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhani Rayon Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.22 Cr
Satisfied charges
₹6.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2022 | 100580150 | Others | ₹2.5 Cr | Open | |
| 03 Jul 2014 | 10508097 | Yes Bank Limited | ₹10.72 Cr | Open | |
| 30 May 2022 | 100580152 | Others | ₹76 Lakh | Satisfied | |
| 30 May 2022 | 100580154 | Others | ₹1.38 Cr | Satisfied | |
| 19 Aug 2011 | 10368998 | State Bank of India | ₹4 Cr | Satisfied |
To see the full charge records of Dhani Rayon Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Dhani Rayon Private Limited has 18 court cases on record: 16 filed by Dhani Rayon, 2 filed against it. 12 cases are pending and 6 are disposed.
Total cases
18
Filed by the company
16
Filed against the company
2
Pending
12
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 2 | 11 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Kajal Flozen Trendz LLP A Partnership Firm and 2 others | Pending |
| District court, SURAT, Gujarat | Court case (CR RA) | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Prashant Amrutlal Bhavsar Prop of Jagruti Textiles | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
To see the full case history of Dhani Rayon 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
Dhani Rayon Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 710 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shivam Kuber Industries | |||
| Pankaj Enka Private Limited | |||
| an individual supplier | |||
| Ruchi Textiles | |||
| Reliable Tex |
To see the full MSME payment records of Dhani Rayon Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Dhani Rayon has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCD8209J1ZO | Gujarat | Active | 01 Jul 2017 |
| 07AADCD8209J1ZK | Delhi | Active | 27 Oct 2023 |
To see the full GST registrations and return filing status of Dhani Rayon Private Limited, buy the company report.
Recent activity
Dhani Rayon Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Ishita Mahesh Shirawala ceased to be Director on 29 Mar 2022.
AGM
Dhani Rayon Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 1,072.32 Lakh registered on 03 Jul 2014 with Charge ID 10508097 was modified on 29 Jul 2024.
Filing
Dhani Rayon Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 30 May 2022 via Charge ID 100580152 with Others was fully satisfied on 15 Jun 2023.
Charges
A charge registered on 30 May 2022 via Charge ID 100580154 with Others was fully satisfied on 15 Jun 2023.
Charges
A charge with Others of Rs. 250.00 Lakh registered on 30 May 2022 with Charge ID 100580150 was modified on 02 Jun 2023.
Charges
A charge with Others amounted to Rs. 76.00 Lakh with Charge ID 100580152 was registered on 30 May 2022.
Charges
A charge with Others amounted to Rs. 137.50 Lakh with Charge ID 100580154 was registered on 30 May 2022.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 100580150 was registered on 30 May 2022.
Ceased
Ishita Mahesh Shirawala ceased to be Director.
Appointed
Manav Mahesh Shirawala was appointed as Director.
Ceased
Dhansukhlal Thakordas Shirawala ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Dhani Rayon is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 April 2011 (15+ years old) and is registered under CIN U17120GJ2011PTC065200.
Dhani Rayon has 2 current directors:
- Manav Mahesh Shirawala - Director
- Maheshkumar Dhansukhlal Shirawala - Director
The latest financial statements of Dhani Rayon 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 Dhani Rayon is 24AADCD8209J1ZO, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AADCD8209J1ZK (Delhi).
The CIN (Corporate Identification Number) of Dhani Rayon is U17120GJ2011PTC065200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhani Rayon has 18 court cases on record: 16 filed by the company and 2 filed against it. 12 are pending. Most are in the district courts.
Dhani Rayon was incorporated on 28 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ishita Mahesh Shirawala ceased to be Director on 29 Mar 2022. Manav Mahesh Shirawala was appointed as Director on 25 Aug 2018. Dhansukhlal Thakordas Shirawala ceased to be Director on 27 Jul 2018. Dhani Rayon has 4 board changes on record in total.
Yes, Dhani Rayon is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0032766).
Dhani Rayon has 4 MSME Form 1 returns on record between 2021 and 2023, listing 710 overdue payments to 36 micro and small suppliers. The latest return was filed on 22 Dec 2023.
Dhani Rayon can be reached through the website dhanigroup.com. Its registered office is in Surat, Gujarat, India.