About Fiotex Cotspin Private Limited
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Fiotex Cotspin Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17123GJ2015PTC083386. Its GSTIN is 24AACCF5958M1Z7 (Gujarat).
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹47.22 Cr. It is led by directors including Chintan Dharamshibhai Sitapara and Saileshkumar Maganlal Patel.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 202 At Sanosara Post – Rupavati Tal. Dhrol, Jamnagar, Gujarat, India – 360110.
As per the financials filed for FY 2023, the company reported a revenue of ₹338.76 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹7.3 Cr (net margin 2.2%) and EBITDA of ₹16.62 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fiotex. As per MCA filings, the company has open charges of ₹92.38 Cr and satisfied charges of ₹79.44 Cr on record. Court records list 32 cases involving the company, including 31 filed by the company and 1 filed against it; 15 cases are pending. The company has 13 deals on record (12 secondary share transfers, 1 rights issue); the latest was in December 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fiotex.in.
Company details
Contact details
Fiotex Cotspin Private Limited's registered office is in Jamnagar, Gujarat. Its website is fiotex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 202 At Sanosara Post – Rupavati Tal. Dhrol, Jamnagar, Gujarat, India – 360110
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Fiotex Cotspin Private Limited, buy the company report.
- 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
Financials of Fiotex Cotspin Private Limited
FY 2025 filings availableFiotex Cotspin Private Limited reported revenue of ₹338.76 Cr (down 31% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. 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
| 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 | ₹338.76 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.3 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Fiotex Cotspin Private Limited, buy the company report.
Board of directors of Fiotex Cotspin Private Limited
Fiotex Cotspin has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintan Dharamshibhai Sitapara Also directs: Galaxy Stamping Private Limited | Director | 01 Aug 2015 | 11 Years 2 Months | Current |
| Saileshkumar Maganlal Patel Also directs: Dwarkadhish Cotspin Private Limited | Director | 02 Jun 2015 | 11 Years 4 Months | Current |
| Rajnikant Shivlal Ghodasara Also directs: GRV Spintex Private Limited | Director | 02 Jun 2015 | 11 Years 4 Months | Current |
| Ripple Patel Jamnadas Also directs: Pashupati Cotspin Limited, Confederation of Indian Textile Industry, Everest Fertilizers and Chemicals Pvt Ltd and 2 more | Director | 25 Oct 2016 | 10 Years 0 Months | Current |
| Rajeshkumar Shivlal Patel Also directs: GRV Spintex Private Limited | Director | 01 Aug 2015 | 11 Years 2 Months | Current |
| Shaileshbhai Govindbhai Vasnani Also directs: Cresta Business India LLP, Dwarkadhish Cotspin Private Limited, Italica Floor Tiles Private Limited and 3 more | Director | 01 Aug 2015 | 11 Years 2 Months | Current |
Auditor
Fiotex Cotspin Private Limited is audited by S. Sharda & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Sharda & Associates | FY 2023 | 117361W |
Shareholding
The shareholding of Fiotex 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 Fiotex Cotspin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2026 | 101243688 | Hdfc Bank Limited | ₹48.05 Lakh | Open | |
| 09 May 2024 | 100921302 | Hdfc Bank Limited | ₹91.9 Cr | Open | |
| 25 Apr 2016 | 100025830 | Sbicap Trustee Company Limited | ₹79.44 Cr | Satisfied |
To see the full charge records of Fiotex Cotspin Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Fiotex Cotspin Private Limited has 13 deals on record (12 secondary share transfers, 1 rights issue); the latest was in December 2022.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shaileshbhai Govindbhai Vasnani Huf, an individual |
| Sep 2015 | Rights issue | ₹51.99 Cr | Investors: Eta Business Private Limited , 3 individuals |
To see the full deal history of Fiotex 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
Fiotex Cotspin Private Limited has 32 court cases on record: 31 filed by Fiotex Cotspin, 1 filed against it. 15 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 1 | 14 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal miscellaneous application | Filed by the company against Mundra Denim Pvt Ltd | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Mundra Denim Pvt Ltd and 2 others | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 3 others | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Mundra Denim Pvt Ltd | Pending |
| District court, RAJKOT, Gujarat | Court case (CR EN) | Filed by the company against Mundra Denim Pvt Ltd and 2 others | Disposed |
To see the full case history of Fiotex Cotspin 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
Fiotex Cotspin Private Limited was last rated by Care on 08 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Nov 2021 |
To see the full credit ratings and regulatory alerts of Fiotex Cotspin Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fiotex Cotspin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fiotex Cotspin Private Limited has a workforce of 29 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Fiotex Cotspin has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCF5958M1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fiotex Cotspin Private Limited, buy the company report.
Recent activity
Fiotex Cotspin Private Limited has 11 board changes on record since 2015: 7 appointments and 4 cessations. The latest: Mahendra Trambaklal Fefar ceased to be Director on 08 Jan 2022.
8 earlier events are in the company report.
Frequently asked questions
Fiotex Cotspin is an active private limited company based in Jamnagar, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 June 2015 (11+ years old) and is registered under CIN U17123GJ2015PTC083386.
Fiotex Cotspin has 6 current directors:
- Chintan Dharamshibhai Sitapara - Director
- Saileshkumar Maganlal Patel - Director
- Rajnikant Shivlal Ghodasara - Director
- Ripple Patel Jamnadas - Director
- Rajeshkumar Shivlal Patel - Director
- Shaileshbhai Govindbhai Vasnani - Director
The latest financial statements of Fiotex Cotspin on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Fiotex Cotspin is 24AACCF5958M1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Fiotex Cotspin is U17123GJ2015PTC083386. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fiotex Cotspin has 32 court cases on record: 31 filed by the company and 1 filed against it. 15 are pending. Most are in the district courts.
Fiotex Cotspin was incorporated on 02 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Fiotex Cotspin has 13 deals on record (12 secondary share transfers, 1 rights issue); the latest was in December 2022.
Mahendra Trambaklal Fefar ceased to be Director on 08 Jan 2022. Mayuri Somani was appointed as Company Secretary on 01 Jul 2020. Ripple Patel Jamnadas was appointed as Director on 25 Oct 2016. Fiotex Cotspin has 11 board changes on record in total.
Fiotex Cotspin can be reached through the website fiotex.in. Its registered office is in Jamnagar, Gujarat, India.