Espana Tex Private Limited
About Espana Tex Private Limited
Data last updated:
Espana Tex Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18109PB2017PTC047314. Its GSTIN is 03AAECE8869J1Z8 (Punjab).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rajiv Raja Jaggi and Raghav Raja Jaggi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 22 Industrial Area – A, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.44 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net profit of ₹57,929 (net margin 5.6%) and EBITDA of ₹8.04 Lakh (EBITDA margin 77%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address22 Industrial Area – A, Ludhiana, Punjab, India – 141003
- 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
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Business Activity of Espana Tex Private Limited
The main business activity of Espana Tex 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 Espana Tex Private Limited FY 2025 filings available
Espana Tex Private Limited reported revenue of ₹10.44 Lakh (down 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Espana Tex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 44% over three years, including a 64% fall in the latest year. EBITDA fell 9% 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 Espana Tex Private Limited
| 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 | ₹8.04 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹57,929 | •••• | •••• | •••• | •••• |
| 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 Espana Tex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| 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 Espana Tex are in the company report.
Financial statements from FY 2018
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 Espana Tex Private Limited
Espana Tex Private 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 |
|---|---|---|---|---|---|---|
| Nadgonde Urban Equipment & Textiles Exports Private Limited | ₹10.49 Lakh (FY 2025) | •••• | •••• | 113.0% | •••• | Kolhapur, Maharashtra, India |
| Hensa Knits Private Limited | ₹10.48 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Estrella Consultancy Private Limited | ₹10.47 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Tandhan India Private Limited | ₹10.45 Lakh (FY 2024) | •••• | •••• | 77.0% | •••• | Kolkata, West Bengal, India |
| Porus Textiles and Trading Private Limited | ₹10.45 Lakh (FY 2017) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Espana Tex Private Limited this company | ₹10.44 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Ludhiana, Punjab, India |
| Sariga Apparels Private Limited | ₹10.44 Lakh (FY 2025) | •••• | •••• | -39.0% | •••• | Mumbai, Maharashtra, India |
| Bhagwati Textiles Pvt Ltd | ₹10.42 Lakh (FY 2019) | •••• | •••• | 40.0% | •••• | Ahmedabad, Gujarat, India |
| Brightstar Silk Industries Private Limited | ₹10.41 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Mumbai, Maharashtra, India |
| Subadra Spinning Mills Private Limited | ₹10.4 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Somnath Textile Private Limited | ₹10.39 Lakh (FY 2016) | •••• | •••• | -100.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Espana Tex 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 Espana Tex Private Limited
Espana Tex Private Limited is audited by DAVINDER REKHI & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DAVINDER REKHI & CO | 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 Espana Tex Private Limited
Espana Tex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Raja Jaggi | Director | 22 Dec 2017 | 8 Years 9 Months | Current |
| Raghav Raja Jaggi Also directs: Sangini Designer Wears Limited | Director | 22 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Espana Tex Private 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 Espana Tex Private Limited
Espana Tex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Espana Tex Private Limited
Espana Tex Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 52 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rang Manch Fashion Private Limited | •••• | •••• | •••• |
| Star Suitings (India) | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Espana Tex Private Limited
Espana Tex Private Limited has a workforce of 19 employees as of Oct 09, 2025.
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 Espana Tex Private Limited
Espana Tex Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Karan Gupta ceased to be Director on 15 Mar 2025.
Credit Ratings, Litigation & Regulatory Alerts for Espana Tex Private 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.
Subsidiaries & Group Companies of Espana Tex Private 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
Verified entity values are shown only after access is granted.
GST Compliance of Espana Tex Private Limited
Espana Tex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECE8869J1Z8 | Punjab | Active | 29 Oct 2020 |
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
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Espana Tex Private 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 Espana Tex Private Limited
Espana Tex is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 December 2017 (9+ years old) and is registered under CIN U18109PB2017PTC047314.
Espana Tex reported revenue of ₹10.44 Lakh for FY 2025 (down 64% YoY).
Espana Tex has 2 current directors:
- Rajiv Raja Jaggi - Director
- Raghav Raja Jaggi - Director
Espana Tex reported a net profit of ₹57,929 (net margin 5.6%) and EBITDA of ₹8.04 Lakh (EBITDA margin 77%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Espana Tex is -44% over three years. In the latest year (FY 2025) revenue fell 64%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Espana Tex is 03AAECE8869J1Z8, registered in Punjab.
The CIN (Corporate Identification Number) of Espana Tex is U18109PB2017PTC047314. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Espana Tex was incorporated on 22 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Espana Tex by revenue are Nadgonde Urban Equipment & Textiles Exports Private Limited, Hensa Knits Private Limited, Estrella Consultancy Private Limited, Tandhan India Private Limited, Porus Textiles and Trading Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Karan Gupta ceased to be Director on 15 Mar 2025. Karan Gupta was appointed as Director on 01 Oct 2020. Raghav Raja Jaggi was appointed as Director on 22 Dec 2017. Espana Tex has 4 board changes on record in total.
Espana Tex has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 52 overdue payments to 2 micro and small suppliers. The latest return was filed on 01 May 2022.
The registered office of Espana Tex is at 22 Industrial Area – A, Ludhiana, Punjab, India – 141003.