MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-23-0000066
Dwarkadhish Cotspin Private Limited - manufacturing in Chuli, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹133.08 Cr
▼ 19% YoY
Net loss · FY 2023
₹4.04 Cr
Net margin -3%
EBITDA · FY 2023
-₹1.16 Cr
EBITDA margin -0.9%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹12 Cr
Issued & subscribed
Open charges
₹22.64 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
83
Provident fund records
About Dwarkadhish Cotspin Private Limited
Data last updated:
Dwarkadhish Cotspin Private Limited is a private limited company based in Chuli, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 13 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2011PTC065433. Its GSTIN is 24AADCD8794L1Z2 (Gujarat).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹12 Cr. It is led by directors including Nakulkumar Ramshanker Agarwal and Bipinbhai Premjibhai Patel.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S.No. 391 B/H. Chuli Ss Halvad Road, Gujarat, India – 363310.
As per the financials filed for FY 2023, the company reported a revenue of ₹133.08 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹4.04 Cr (net margin -3%) and EBITDA of -₹1.16 Cr (EBITDA margin -0.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 83 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹22.64 Cr on record. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹11.99 Cr; the latest was in December 2021. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 17 overdue payments to 3 micro and small suppliers.
Dwarkadhish Cotspin Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-23-0000066). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aasthaspintex.com.
Company details
CIN U17120GJ2011PTC065433
Registration Number 065433
Incorporation Date 13 May 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-23-0000066
Key People
Nakulkumar Ramshanker Agarwal Director Bipinbhai Premjibhai Patel Director Patel Harshit Shaileshbhai Director Recognitions & Rankings of Dwarkadhish Cotspin
Contact details
Dwarkadhish Cotspin Private Limited's registered office is in Chuli, Gujarat. Its website is aasthaspintex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS.No. 391 B/H. Chuli Ss Halvad Road, Gujarat, India – 363310
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Dwarkadhish Cotspin Private Limited, buy the company report.
Comprehensive company report
Dwarkadhish Cotspin 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 Dwarkadhish Cotspin Private Limited
FY 2025 filings availableDwarkadhish Cotspin Private Limited reported revenue of ₹133.08 Cr (down 19% YoY) for FY 2023.
Revenue · FY 2023
₹133.08 Cr ▼ 19%
Net loss · FY 2023
₹4.04 Cr margin -3%
EBITDA · FY 2023
-₹1.16 Cr margin -0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 4%
5 years · compounded
▲ 3%
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. 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 | ₹133.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.04 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 | -0.9% | ||||
| Net Profit Margin | -3% | ||||
| 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 Dwarkadhish Cotspin Private Limited, buy the company report.
Board of directors of Dwarkadhish Cotspin Private Limited
Dwarkadhish Cotspin has 9 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nakulkumar Ramshanker Agarwal | Director | 03 Mar 2021 | 5 Years 7 Months | Current |
| Bipinbhai Premjibhai Patel Also directs: Shree Umiya Agro Export LLP, Vishv Umiya Textile LLP, Shree Umiya Agro Solvex Private Limited and 3 more | Director | 30 Apr 2025 | 1 Years 5 Months | Current |
| Patel Harshit Shaileshbhai Also directs: Montera Energies LLP | Director | 29 Mar 2024 | 2 Years 6 Months | Current |
| Saileshkumar Maganlal Patel Also directs: Fiotex Cotspin Private Limited | Director | 01 Oct 2011 | 15 Years 0 Months | Current |
| Dushyant Bhagvanbhai Patel | Director | 13 May 2011 | 15 Years 5 Months | Current |
| Yogeshbhai Nagarbhai Patel Also directs: Vishv Umiya Textile LLP, Shree Umiya Cotspin Private Limited | Director | 30 Apr 2025 | 1 Years 5 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Dwarkadhish Cotspin Private Limited is audited by SHAH SONI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH SONI & ASSOCIATES | FY 2023 | 139263W |
Shareholding
The shareholding of Dwarkadhish Cotspin 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 Dwarkadhish Cotspin Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.64 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2021 | 100480757 | Hdfc Bank Limited | ₹24 Lakh | Open | |
| 31 Aug 2012 | 10377685 | State Bank of India | ₹22.4 Cr | Open |
To see the full charge records of Dwarkadhish Cotspin Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Dwarkadhish Cotspin Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹11.99 Cr; the latest was in December 2021.
Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹11.99 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Nakulkumar Agarwal HUF, 3 individuals Seller: Maganlal M Patel (Huf), 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Maganlal M Patel (Huf), 3 individuals Seller: 4 individuals |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Maganlal M Patel (Huf), Ghanshyambhai T Patel(Huf), an individual |
To see the full deal history of Dwarkadhish Cotspin 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
No court or tribunal cases involving Dwarkadhish Cotspin Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Dwarkadhish Cotspin Private Limited was last rated by Icra on 28 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Jan 2020 |
To see the full credit ratings and regulatory alerts of Dwarkadhish Cotspin Private Limited, buy the company report.
MSME payment delays
Dwarkadhish Cotspin Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 17 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shree Gopinath Paper Products Private Limited | |||
| an individual supplier | |||
| Beekayit Netsec Solutions Private Limited |
To see the full MSME payment records of Dwarkadhish Cotspin Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Dwarkadhish Cotspin Private Limited has a workforce of 83 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
83
Active EPFO establishments
1
Employee growth
-2.35%
GST
Dwarkadhish Cotspin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCD8794L1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dwarkadhish Cotspin Private Limited, buy the company report.
Recent activity
Dwarkadhish Cotspin Private Limited has 20 board changes on record since 2011: 9 appointments and 11 cessations. The latest: Bipinbhai Premjibhai Patel ceased to be Additional Director on 14 Sep 2025.
Charges
A charge with State Bank Of India of Rs. 22.40 Cr registered on 31 Aug 2012 with Charge ID 10377685 was modified on 26 Sep 2025.
AGM
Dwarkadhish Cotspin Private Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Ceased
Bipinbhai Premjibhai Patel ceased to be Additional Director.
Ceased
Yogeshbhai Nagarbhai Patel ceased to be Additional Director.
Appointed
Bipinbhai Premjibhai Patel was appointed as Director.
Appointed
Yogeshbhai Nagarbhai Patel was appointed as Director.
Filing
Dwarkadhish Cotspin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Patel Harshit Shaileshbhai ceased to be Additional Director.
Appointed
Patel Harshit Shaileshbhai was appointed as Director.
Ceased
Nakulkumar Ramshanker Agarwal ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 100480757 was registered on 03 Sep 2021.
Ceased
Divyang Jashwant Patel ceased to be Director.
14 earlier events are in the company report.
Frequently asked questions
Dwarkadhish Cotspin is an active private limited company based in Chuli, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 13 May 2011 (15+ years old) and is registered under CIN U17120GJ2011PTC065433.
Dwarkadhish Cotspin has 9 current directors:
- Nakulkumar Ramshanker Agarwal - Director
- Bipinbhai Premjibhai Patel - Director
- Patel Harshit Shaileshbhai - Director
- Saileshkumar Maganlal Patel - Director
- Dushyant Bhagvanbhai Patel - Director
- Yogeshbhai Nagarbhai Patel - Director
- Mrunalbhai Bhagvanbhai Patel - Director
- Deepakkumar Maganlal Patel - Director
- Shaileshbhai Govindbhai Vasnani - Director
The latest financial statements of Dwarkadhish Cotspin on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dwarkadhish Cotspin is 24AADCD8794L1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Dwarkadhish Cotspin is U17120GJ2011PTC065433. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dwarkadhish Cotspin was incorporated on 13 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dwarkadhish Cotspin has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹11.99 Cr; the latest was in December 2021.
Bipinbhai Premjibhai Patel ceased to be Additional Director on 14 Sep 2025. Yogeshbhai Nagarbhai Patel ceased to be Additional Director on 14 Sep 2025. Bipinbhai Premjibhai Patel was appointed as Director on 30 Apr 2025. Dwarkadhish Cotspin has 20 board changes on record in total.
Yes, Dwarkadhish Cotspin is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-23-0000066).
Dwarkadhish Cotspin has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 17 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Dwarkadhish Cotspin can be reached through the website aasthaspintex.com. Its registered office is in Chuli, Gujarat, India.