India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,055 Brijmohan Chiripal & family ₹2,500 Cr
Revenue · FY 2025
₹724.22 Cr
▲ 23% YoY
Net profit · FY 2025
₹7.35 Cr
Net margin 1%
EBITDA · FY 2025
₹45.64 Cr
EBITDA margin 6.3%
Authorised capital
₹14 Cr
Registered with MCA
Paid-up capital
₹13.94 Cr
Issued & subscribed
Open charges
₹280.86 Cr
Satisfied ₹15 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
272
Provident fund records
About Dholi Spintex Private Limited
Data last updated:
Dholi Spintex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 March 2016 and has been in existence for over 10 years.
Its director Brijmohan Chiripal and family are #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17200MH2016PTC274530. Its GSTIN is 24AAFCN2084B1ZW (Gujarat).
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.94 Cr. It was formerly known as Nandan Hometex Private Limited. It is led by directors including Ravindrakumar Bajranglal Bajaj and Bhavinkumar Rameshchandra Desai.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 110 Peninsula Centre Dr. S.S. Rao Road Behind Piramal Chembers Parel (E), Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2025, the company reported a revenue of ₹724.22 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹7.35 Cr (net margin 1%) and EBITDA of ₹45.64 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 27% over five years.
The company has about 272 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹280.86 Cr and satisfied charges of ₹15 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending. The company has 13 deals on record (8 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹136.14 Cr; the latest was in September 2024. Its 4 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 1 smaller; the largest is Shivalik Prints Limited with revenue of ₹747.61 Cr.
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 U17200MH2016PTC274530
Registration Number 274530
Incorporation Date 17 March 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Key People
Ravindrakumar Bajranglal Bajaj Director Bhavinkumar Rameshchandra Desai Director Brijmohan Chiripal Devkinandan Director Recognitions & Rankings of Dholi Spintex
Contact details
Dholi Spintex Private Limited's registered office is in Mumbai, Maharashtra. Its website is chiripalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 110 Peninsula Centre Dr. S.S. Rao Road Behind Piramal Chembers Parel (E), Mumbai, Maharashtra, India – 400012
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Dholi Spintex Private Limited, buy the company report.
Comprehensive company report
Dholi Spintex 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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Business activity
The main business activity of Dholi Spintex 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 Dholi Spintex Private Limited, buy the company report.
Financials of Dholi Spintex Private Limited
FY 2025 filings availableDholi Spintex Private Limited reported revenue of ₹724.22 Cr (up 23% YoY) for FY 2025.
Revenue · FY 2025
₹724.22 Cr ▲ 23%
Net profit · FY 2025
₹7.35 Cr margin 1%
EBITDA · FY 2025
₹45.64 Cr margin 6.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 6%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 12%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 23% growth in the latest year. EBITDA fell 14% 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 | ₹45.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.35 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 1% | ||||
| 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 Dholi Spintex Private Limited, buy the company report.
Board of directors of Dholi Spintex Private Limited
Dholi Spintex has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindrakumar Bajranglal Bajaj Also directs: Devkinandan Corporation LLP, Vishal Fabrics Limited, Nova Textiles Private Limited and 3 more | Director | 29 Sep 2018 | 8 Years 1 Months | Current |
| Bhavinkumar Rameshchandra Desai | Director | 17 Mar 2022 | 4 Years 7 Months | Current |
| Brijmohan Chiripal Devkinandan Also directs: Nandan Corporation LLP, Devkinandan Corporation LLP, Vishal Fabrics Limited and 5 more | Director | 17 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Dholi Spintex Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Shivalik Prints Limited | ₹747.61 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Grospinz Fabz Limited | ₹744.41 Cr (FY 2025) | 33.0% | Muktsar, Punjab, India | |||
| Sahu Exports Private Limited | ₹730.84 Cr (FY 2025) | -27.0% | Delhi, India | |||
| Dholi Spintex Private Limitedthis company | ₹724.22 Cr (FY 2025) | ₹7.35 Cr | 1% | 23.0% | 272 | Mumbai, Maharashtra, India |
| Shrigopal Rameshkumar Sales Private Limited | ₹705.98 Cr (FY 2024) | 38.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Dholi Spintex Private Limited, buy the company report.
Auditor
Dholi Spintex Private Limited is audited by A. O. AGRAWAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. O. AGRAWAL & CO. | FY 2023 | 119827W |
Shareholding
The shareholding of Dholi Spintex 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 Dholi Spintex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹280.86 Cr
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2025 | 101080454 | Others | ₹24.75 Cr | Open | |
| 24 Jan 2025 | 101084279 | Others | ₹24.75 Cr | Open | |
| 11 Mar 2024 | 100908921 | Others | ₹15 Cr | Open | |
| 30 Dec 2017 | 100157003 | Others | ₹216.36 Cr | Open | |
| 22 Jan 2020 | 100322060 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Dholi Spintex Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Dholi Spintex Private Limited has 13 deals on record (8 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹136.14 Cr; the latest was in September 2024.
Total deals
13
Secondary share transfers
8
Funding rounds
4
Acquisition
1
Disclosed funding
₹136.14 Cr
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Veena Investments Private Limited Seller: Kautilya Traders Pvt.Ltd. , Vrindavan Furnishing Private Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Chiripal Exim LLP Seller: Chiripal Industries Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Nandan Corporation LLP Seller: Chiripal Industries Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Chiripal Exim LLP , an individual Seller: Vishal Fabrics Limited |
| Nov 2017 | Funding round | ₹47.12 Cr | Investors: Chiripal Industries Limited , Vishal Fabrics Limited , Kautilya Traders Pvt.Ltd. |
To see the full deal history of Dholi Spintex Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dholi Spintex Private Limited has 3 court cases on record: 1 filed by Dholi Spintex, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Louis Dreyfus Company India Pvt. Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company | Pending |
| District court, Ahmedabad, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Dholi Spintex 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.
Credit ratings & regulatory alerts
Dholi Spintex Private Limited was last rated by Icra on 31 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Mar 2022 |
To see the full credit ratings and regulatory alerts of Dholi Spintex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dholi Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dholi Spintex Private Limited has a workforce of 272 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
272
Active EPFO establishments
1
Employee growth
-6.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 272 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Dholi Spintex Private Limited, buy the company report.
GST
Dholi Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCN2084B1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dholi Spintex Private Limited, buy the company report.
Recent activity
Dholi Spintex Private Limited has 6 board changes on record since 2016: 3 appointments and 3 cessations. The latest: Bhavinkumar Rameshchandra Desai was appointed as Director on 17 Mar 2022.
AGM
Dholi Spintex Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Dholi Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 24.75 Cr with Charge ID 101080454 was registered on 28 Feb 2025.
Charges
A charge with Others amounted to Rs. 24.75 Cr with Charge ID 101084279 was registered on 24 Jan 2025.
Charges
A charge with Others of Rs. 216.36 Cr registered on 30 Dec 2017 with Charge ID 100157003 was modified on 20 Jun 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100908921 was registered on 11 Mar 2024.
Appointed
Bhavinkumar Rameshchandra Desai was appointed as Director.
Charges
A charge registered on 22 Jan 2020 via Charge ID 100322060 with Others was fully satisfied on 25 Aug 2020.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100322060 was registered on 22 Jan 2020.
Appointed
Ravindrakumar Bajranglal Bajaj was appointed as Director.
Charges
A charge with Others amounted to Rs. 216.36 Cr with Charge ID 100157003 was registered on 30 Dec 2017.
Ceased
Asha Rameshchandra Sisodiya ceased to be Additional Director.
4 earlier events are in the company report.
Frequently asked questions
Dholi Spintex is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 March 2016 (10+ years old) and is registered under CIN U17200MH2016PTC274530.
Dholi Spintex has 3 current directors:
- Ravindrakumar Bajranglal Bajaj - Director
- Bhavinkumar Rameshchandra Desai - Director
- Brijmohan Chiripal Devkinandan - Director
The latest financial statements of Dholi Spintex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Dholi Spintex is 24AAFCN2084B1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Dholi Spintex is U17200MH2016PTC274530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dholi Spintex has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Dholi Spintex was incorporated on 17 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Dholi Spintex has 13 deals on record (8 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹136.14 Cr; the latest was in September 2024.
The peers of Dholi Spintex by revenue are Shivalik Prints Limited, Grospinz Fabz Limited, Sahu Exports Private Limited, Shrigopal Rameshkumar Sales Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bhavinkumar Rameshchandra Desai was appointed as Director on 17 Mar 2022. Ravindrakumar Bajranglal Bajaj was appointed as Director on 29 Sep 2018. Asha Rameshchandra Sisodiya ceased to be Additional Director on 29 Sep 2017. Dholi Spintex has 6 board changes on record in total.
Dholi Spintex can be reached through the website chiripalgroup.com. Its registered office is in Mumbai, Maharashtra, India.
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