Dwarikadhish Spinners Limited
About Dwarikadhish Spinners Limited
Data last updated:
Dwarikadhish Spinners Limited is a public limited company based in Patiala, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 July 1984.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115PB1984PLC019259. Its GSTIN is 03AABCD0202D1ZU (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹32.11 Cr. It is led by directors including Hardev Baldev Chaturvedi (Managing Director) and Sanjay Chaturvedi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 1 Village Kouli Majra Near 66 Kva Pseb Lalru Distt. Patiala, Punjab, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹9.94 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹88.55 Lakh (net margin -8.9%) and EBITDA of -₹37.65 Lakh (EBITDA margin -3.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 26% over five years.
The company has about 183 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹104.44 Cr and satisfied charges of ₹5.75 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 1 case is pending.
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- Registered Address1 Village Kouli Majra Near 66 Kva Pseb Lalru Distt. Patiala, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Business Activity of Dwarikadhish Spinners Limited
The main business activity of Dwarikadhish Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Dwarikadhish Spinners Limited FY 2020 filings available
Dwarikadhish Spinners Limited reported revenue of ₹9.94 Cr (down 31% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Dwarikadhish Spinners Limited
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 175% 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 of Dwarikadhish Spinners Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹9.94 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹37.65 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹88.55 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 of Dwarikadhish Spinners Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Dwarikadhish Spinners are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Dwarikadhish Spinners Limited
Dwarikadhish Spinners Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Supershade Agro Textile Private Limited | ₹9.95 Cr (FY 2025) | •••• | •••• | 454.0% | •••• | Dharsiwa, Chhattisgarh, India |
| Nidhinarayan Weaves Private Limited | ₹9.94 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Surat, Gujarat, India |
| Asg Textiles Private Limited | ₹9.94 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Varanasi, Uttar Pradesh, India |
| Komal Global Limited | ₹9.94 Cr (FY 2024) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Hiferk Textile India Private Limited | ₹9.94 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Salkia, West Bengal, India |
| Dwarikadhish Spinners Limited this company | ₹9.94 Cr (FY 2020) | •••• | •••• | -31.0% | •••• | Patiala, Punjab, India |
| Goelsun Industries Private Limited | ₹9.93 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | New Delhi, Delhi, India |
| Pallavi Yarn Processors Pvt Ltd | ₹9.93 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Surat, Gujarat, India |
| Balaji Paraliya Cotsyn Private Limited | ₹9.92 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Nancy Krafts Private Limited. | ₹9.92 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Madhu Glasstex Private Limited | ₹9.91 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Dwarikadhish Spinners by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Dwarikadhish Spinners Limited
Dwarikadhish Spinners Limited is audited by J P CHATURVEDI & COMPANY for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J P CHATURVEDI & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Dwarikadhish Spinners Limited
Dwarikadhish Spinners has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Chaturvedi Also directs: Aditi Foams Private Limited, A P Solution Private Limited, Style Syntex Private Limited and 1 more | Director | 11 Jun 1999 | 27 Years 4 Months | As last reported |
| Abhay Pal Gupta | Director | 26 Jun 2008 | 18 Years 3 Months | As last reported |
| Prem Chand Goyal | Irp/Rp/Liquidator | 30 Jul 2024 | 2 Years 2 Months | As last reported |
| Amit Chaturvedi Also directs: A P Solution Private Limited | Director | 11 Jun 1999 | 27 Years 4 Months | As last reported |
| Hardev Baldev Chaturvedi | Managing Director | 02 Feb 1999 | 27 Years 8 Months | As last reported |
Ownership and Shareholding of Dwarikadhish Spinners Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Dwarikadhish Spinners Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2003 | Indian Overseas Bank | ₹26 Cr | Open |
| 06 Dec 2001 | Arindam Sekhar Garments Marketing Private Limited | ₹6 Cr | Open |
| 19 Nov 2001 | Indian Overseas Bank | ₹13 Cr | Open |
| 12 Nov 2001 | Arindam Sekhar Garments Marketing Private Limited | ₹75 Lakh | Open |
| 17 Jan 2001 | Icici Ltd. | ₹8 Cr | Open |
Total charge records: 16 View all charges
Legal Cases of Dwarikadhish Spinners Limited
Dwarikadhish Spinners Limited has 9 court cases on record: 6 filed by Dwarikadhish Spinners, 3 filed against it. 1 case is pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 1 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Omkara Assets Reconstruction Private Limited | Disposed |
| High Court of Punjab and Haryana | Court case (CAPP) | Filed by the company against Stressed Assets Stabilization Fund | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Asset Reconstruction Company | Disposed |
| High Court of Punjab and Haryana | Company petition | Filed by the company against Asset Reconstruction India | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Dwarikadhish Spinners Limited
Dwarikadhish Spinners Limited has a workforce of 183 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Dwarikadhish Spinners Limited
Dwarikadhish Spinners Limited has 10 board changes on record since 1999: 5 appointments and 5 cessations. The latest: Prem Chand Goyal was appointed as Irp/Rp/Liquidator on 30 Jul 2024.
31 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dwarikadhish Spinners Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Dwarikadhish Spinners Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Dwarikadhish Spinners Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Dwarikadhish Spinners Limited
Dwarikadhish Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCD0202D1ZU | Punjab | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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MCA Filings & Documents of Dwarikadhish Spinners Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Dwarikadhish Spinners Limited
Dwarikadhish Spinners is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Dwarikadhish Spinners is a company under insolvency, formerly operating as a public limited company based in Patiala, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 July 1984 and is registered under CIN U17115PB1984PLC019259. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Dwarikadhish Spinners reported revenue of ₹9.94 Cr for FY 2020 (down 31% YoY).
Dwarikadhish Spinners has 5 current directors:
- Hardev Baldev Chaturvedi - Managing Director
- Sanjay Chaturvedi - Director
- Abhay Pal Gupta - Director
- Amit Chaturvedi - Director
- Prem Chand Goyal - Irp/Rp/Liquidator
Dwarikadhish Spinners reported a net loss of ₹88.55 Lakh (net margin -8.9%) and EBITDA of -₹37.65 Lakh (EBITDA margin -3.8%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dwarikadhish Spinners is -25% over three years and 26% over five years. In the latest year (FY 2020) revenue fell 31%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Dwarikadhish Spinners is U17115PB1984PLC019259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dwarikadhish Spinners has open charges of ₹104.44 Cr and satisfied charges of ₹5.75 Cr as per latest MCA filings.
Dwarikadhish Spinners has 9 court cases on record: 6 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Dwarikadhish Spinners was incorporated on 19 July 1984. It is registered with the Registrar of Companies, Chandigarh.
The peers of Dwarikadhish Spinners by revenue are Supershade Agro Textile Private Limited, Nidhinarayan Weaves Private Limited, Asg Textiles Private Limited, Komal Global Limited, Hiferk Textile India Private Limited and 5 more, all in the Manufacturing industry (Textiles).