Ethan Textile India Private Limited

Ethan Textile India Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U18109GJ1988PTC010729 Incorporated 18 May 1988 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2025
₹14.5 Cr
▲ 25% YoY
Net profit · FY 2025
₹3.28 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹91.61 Lakh
EBITDA margin 6.3%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹3 Cr
Satisfied ₹6.78 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
4
Provident fund records

About Ethan Textile India Private Limited

Data last updated:

Ethan Textile India Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 May 1988 and has been in existence for over 38 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U18109GJ1988PTC010729. Its GSTIN is 24AAACR9259F1ZA (Gujarat).

The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.5 Cr. It was formerly known as R Kumar Spuntex Pvt Ltd and R Kumar Spuntex Private Limited. It is led by directors including Mukeshkumar Chhogalal Mehta (Managing Director) and Kiran Navinchandra Patel.

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 370111 Phase – Ivgidc Vatva, Ahmedabad, Gujarat, India – 382445.

As per the financials filed for FY 2025, the company reported a revenue of ₹14.5 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.28 Lakh (net margin 0.2%) and EBITDA of ₹91.61 Lakh (EBITDA margin 6.3%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 4% over five years.

The company has about 4 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹6.78 Cr on record. Court records list 22 cases involving the company, including 6 filed by the company and 16 filed against it.

Ethan Textile India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0081245). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U18109GJ1988PTC010729
Registration Number 010729
Incorporation Date 18 May 1988
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 Small
Udyam Registration UDYAM-GJ-01-0081245

Name history

Ethan Textile India has undergone 2 name changes throughout its history. The company was previously known as R Kumar Spuntex Pvt Ltd, and R Kumar Spuntex Private Limited. The current legal name is Ethan Textile India Private Limited.

Company NameStatus
Ethan Textile India Private LimitedCurrent
R Kumar Spuntex Pvt LtdPrevious
R Kumar Spuntex Private LimitedPrevious
Key People
Mukeshkumar Chhogalal Mehta Managing Director Kiran Navinchandra Patel Director Bijit Sachindra Saha Director

Recognitions & Rankings of Ethan Textile India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0081245

Contact details

Ethan Textile India Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    370111 Phase – Ivgidc Vatva, Ahmedabad, Gujarat, India – 382445
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Ethan Textile India Private Limited, buy the company report.

Comprehensive company report
Ethan Textile India 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 Ethan Textile India is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Ethan Textile India Private Limited, buy the company report.

Financials of Ethan Textile India Private Limited

FY 2024 filings available

Ethan Textile India Private Limited reported revenue of ₹14.5 Cr (up 25% YoY) for FY 2025.

Revenue · FY 2025
₹14.5 Cr ▲ 25%
Net profit · FY 2025
₹3.28 Lakh margin 0.2%
EBITDA · FY 2025
₹91.61 Lakh margin 6.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▼ 6%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 6%
5 years · compounded
▼ 5%

Revenue rose 25% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 3% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹91.61 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹3.28 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.3%
Net Profit Margin0.2%
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 Ethan Textile India Private Limited, buy the company report.

Board of directors of Ethan Textile India Private Limited

Ethan Textile India has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kiran Navinchandra Patel
Also directs: Aretesynth Chemistry Private Limited, Vivid Intermediates Private Limited, Bi-Ki Dyes and Chemicals Private Limited and 1 more
Director26 Apr 201511 Years 6 MonthsCurrent
Bijit Sachindra Saha
Also directs: Aretesynth Chemistry Private Limited, Vivid Intermediates Private Limited, Bi-Ki Dyes and Chemicals Private Limited
Director26 Apr 201511 Years 6 MonthsCurrent
Rajendra Ramkrishna Ahuja
Also directs: Trico Clothing Private Limited, Planet Positiv Foundation
Director20 May 198838 Years 5 MonthsCurrent
Jignesh Navinchandra PatelDirector05 Sep 201610 Years 2 MonthsCurrent
Mukeshkumar Chhogalal Mehta
Also directs: Kamla Clothing Private Limited, Pooja Auxychem Private Limited
Managing Director26 Apr 201511 Years 6 MonthsCurrent
View all directors

Peer comparison

Ethan Textile India 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Abimithrra Spinning Mill Private Limited₹14.54 Cr (FY 2025)-5.0%Coimbatore, Tamil Nadu, India
Ethan Textile India Private Limitedthis company₹14.5 Cr (FY 2025)₹3.28 Lakh0.2%25.0%4Ahmedabad, Gujarat, India
Reliable Rayon Private Limited₹14.49 Cr (FY 2025)-12.0%Surat, Gujarat, India
Maa Kamdhenu Fashions Private Limited₹14.49 Cr (FY 2025)-4.0%Surat, Gujarat, India
Texxco Apparels Private Limited₹14.46 Cr (FY 2025)7.0%Doddaballapura, Karnataka, India

To see the full peer comparison of Ethan Textile India Private Limited, buy the company report.

Auditor

Ethan Textile India Private Limited is audited by S.G. Marathe & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.G. Marathe & Co.FY 2023123655W

Shareholding

The shareholding of Ethan Textile India 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ethan Textile India Private Limited, buy the company report.

Charges & borrowings

Open charges
₹3 Cr
Satisfied charges
₹6.78 Cr
Breakdown by lending institutions
Others₹3.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Jan 2022100535509Others₹3 CrOpen
17 Mar 200680042439Bank of Baroda₹6.78 CrSatisfied

To see the full charge records of Ethan Textile India Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Ethan Textile India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Ethan Textile India Private Limited has a workforce of 4 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
4
Active EPFO establishments
1
Employee growth
-82.6%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-274
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17
FY 2015-16

To see the full employee and EPFO history of Ethan Textile India Private Limited, buy the company report.

GST

Ethan Textile India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACR9259F1ZAGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Ethan Textile India Private Limited, buy the company report.

Recent activity

Ethan Textile India Private Limited has 12 board changes on record since 1988: 5 appointments and 7 cessations. The latest: Jignesh Navinchandra Patel ceased to be Additional Director on 30 Sep 2016.

AGM
Ethan Textile India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ethan Textile India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100535509 was registered on 04 Jan 2022.
Charges
A charge registered on 17 Mar 2006 via Charge ID 80042439 with Bank Of Baroda was fully satisfied on 19 Feb 2020.
Ceased
Jignesh Navinchandra Patel ceased to be Additional Director.
Appointed
Jignesh Navinchandra Patel was appointed as Director.
Ceased
Mukeshkumar Chhogalal Mehta ceased to be Director.
Ceased
Ramkrishna Kalidas Ahuja ceased to be Director.
Ceased
Bijit Sachindra Saha ceased to be Additional Director.
Ceased
Haygreev Kishorkumar Chavda ceased to be Additional Director.
Ceased
Kiran Navinchandra Patel ceased to be Additional Director.
Ceased
Ratanben Kishorbhai Chavda ceased to be Additional Director.

7 earlier events are in the company report.

Frequently asked questions

Ethan Textile India is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 May 1988 (38+ years old) and is registered under CIN U18109GJ1988PTC010729.

Ethan Textile India has 5 current directors:

The latest financial statements of Ethan Textile India 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 Ethan Textile India is 24AAACR9259F1ZA, registered in Gujarat.

The CIN (Corporate Identification Number) of Ethan Textile India is U18109GJ1988PTC010729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ethan Textile India has 22 court cases on record: 6 filed by the company and 16 filed against it. Most are in the district courts.

Ethan Textile India was incorporated on 18 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Ethan Textile India by revenue are Abimithrra Spinning Mill Private Limited, Reliable Rayon Private Limited, Maa Kamdhenu Fashions Private Limited, Texxco Apparels Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Jignesh Navinchandra Patel ceased to be Additional Director on 30 Sep 2016. Jignesh Navinchandra Patel was appointed as Director on 05 Sep 2016. Mukeshkumar Chhogalal Mehta ceased to be Director on 22 Apr 2016. Ethan Textile India has 12 board changes on record in total.

Yes, Ethan Textile India is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0081245).

The registered office of Ethan Textile India is at 370111 Phase – Ivgidc Vatva, Ahmedabad, Gujarat, India – 382445.