MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0028997
Gini Tex Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹61.13 Cr
▼ 3% YoY
Net profit · FY 2025
₹39.13 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹3.34 Cr
EBITDA margin 5.5%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹1.49 Cr
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹14.41 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
96
Provident fund records
About Gini Tex Private Limited
Data last updated:
Gini Tex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1988PTC047476. Its GSTIN is 27AAACG1274B1Z4 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹1.49 Cr. It was formerly known as Sita Yarn Private Limited. It is led by directors including Karan Deepak Harlalka (Managing Director) and Deepak Vishwanath Harlalka.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.13 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹39.13 Lakh (net margin 0.6%) and EBITDA of ₹3.34 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 96 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gini Silk Mills. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹14.41 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 3 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2021. Its 5 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 3 smaller; the largest is Heritage Processors Private Limited with revenue of ₹61.23 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2023, listing 83 overdue payments to 8 micro and small suppliers.
Gini Tex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0028997). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ginitex.com.
Company details
CIN U17100MH1988PTC047476
Registration Number 047476
Incorporation Date 25 May 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0028997
Key People
Karan Deepak Harlalka Managing Director Deepak Vishwanath Harlalka Director Anil Rajkumar Chokhani Director Recognitions & Rankings of Gini Tex
Contact details
Gini Tex Private Limited's registered office is in Mumbai, Maharashtra. Its website is ginitex.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address413 Jogani Industrial Estate Opp. Kasturba Hospital J. R. Boricha Marg Lower Pare, L (East), Mumbai, Maharashtra, India – 400011
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Gini Tex Private Limited, buy the company report.
Comprehensive company report
Gini Tex 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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Brands
Gini Tex operates one associated brand: Gini Silk Mills. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Contract manufacturing of cotton and polyester fabrics is undertaken. | ginitex.com |
Business activity
The main business activity of Gini Tex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Gini Tex Private Limited, buy the company report.
Financials of Gini Tex Private Limited
FY 2025 filings availableGini Tex Private Limited reported revenue of ₹61.13 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹61.13 Cr ▼ 3%
Net profit · FY 2025
₹39.13 Lakh margin 0.6%
EBITDA · FY 2025
₹3.34 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 4%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 63%
5 years · compounded
▼ 6%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 48% 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 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 | ₹3.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.13 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Gini Tex Private Limited, buy the company report.
Board of directors of Gini Tex Private Limited
Gini Tex has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Vishwanath Harlalka Also directs: Gini Citicorp Realty LLP, Harco Overseas (India) LLP, Prakaran Enterprise LLP and 5 more | Director | 25 May 1988 | 38 Years 4 Months | Current |
| Anil Rajkumar Chokhani Also directs: Sewaram Harlalka Investments Private Limited | Director | 01 Jul 1999 | 27 Years 3 Months | Current |
| Pranav Deepak Harlalka Also directs: Harco Overseas (India) LLP, Prakaran Enterprise LLP, Harlalka Silk Mills LLP and 1 more | Director | 04 Dec 2018 | 7 Years 10 Months | Current |
| Karan Deepak Harlalka Also directs: Harco Overseas (India) LLP, Prakaran Enterprise LLP, Harlalka Silk Mills LLP and 4 more | Managing Director | 18 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Gini Tex Private Limited is compared with the 5 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Heritage Processors Private Limited | ₹61.23 Cr (FY 2025) | 15.0% | Surat, Gujarat, India | |||
| Sanwariya Processors Private Limited | ₹61.15 Cr (FY 2024) | 6.0% | Surat, Gujarat, India | |||
| Gini Tex Private Limitedthis company | ₹61.13 Cr (FY 2025) | ₹39.13 Lakh | 0.6% | -3.0% | 96 | Mumbai, Maharashtra, India |
| Lucky-Tech Membranes Private Limited | ₹61.09 Cr (FY 2025) | 58.0% | Mumbai, Maharashtra, India | |||
| Jasmin Texfab Private Limited | ₹61.01 Cr (FY 2025) | -2.0% | Surat, Gujarat, India | |||
| VSK Polyfins Private Limited | ₹60.94 Cr (FY 2025) | 18.0% | Surat, Gujarat, India |
To see the full peer comparison of Gini Tex Private Limited, buy the company report.
Auditor
Gini Tex Private Limited is audited by VATSRAJ & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VATSRAJ & CO. | FY 2022 | 111327W |
Shareholding
The shareholding of Gini Tex Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gini Tex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹14.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2021 | 100509500 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 28 Aug 2017 | 100123667 | Others | ₹5 Cr | Open | |
| 21 Jun 2013 | 10441638 | Stae Bank of India | ₹50 Lakh | Satisfied | |
| 05 Jul 1997 | 90222777 | Gujrat Industrial Investment Corporation Ltd | ₹1.35 Cr | Satisfied | |
| 11 Oct 1996 | 90222686 | Bombay Marcantile Co Op Bank | ₹1.8 Lakh | Satisfied |
To see the full charge records of Gini Tex Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Gini Tex Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2021.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gini Tex Private Limited has 10 court cases on record: 7 filed by Gini Tex, 3 filed against it. 3 cases are pending and 7 are disposed.
Total cases
10
Filed by the company
7
Filed against the company
3
Pending
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 3 |
| High courts | 5 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by Asstt. Registrar of Companies, Maharashtra, Mumbai | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Ms Tara Textiles and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Ms Tara Textiles and 2 others | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Gini Tex 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.
MSME payment delays
Gini Tex Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 83 overdue payments to 8 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 (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sharnam Tex-India Private Limited | |||
| Unicon Fibro Chemicals Pvt Ltd | |||
| an individual supplier | |||
| Win Pack Industries | |||
| Dhirajlal Morarji |
To see the full MSME payment records of Gini Tex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gini Tex Private Limited has a workforce of 96 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
96
Active EPFO establishments
1
Employee growth
-1.03%
GST
Gini Tex has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1274B1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 26AAACG1274B1Z6 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gini Tex Private Limited, buy the company report.
Recent activity
Gini Tex Private Limited has 8 board changes on record since 1988: 4 appointments and 4 cessations. The latest: Vishwanath Sewaram Harlalka ceased to be Director on 15 Apr 2020.
AGM
Gini Tex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gini Tex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 20 Oct 2021 with Charge ID 100509500 was modified on 30 Apr 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100509500 was registered on 20 Oct 2021.
Ceased
Vishwanath Sewaram Harlalka ceased to be Director.
Ceased
Karan Deepak Harlalka ceased to be Additional Director.
Ceased
Pranav Deepak Harlalka ceased to be Additional Director.
Appointed
Karan Deepak Harlalka was appointed as Managing Director.
Ceased
Ajay Rajgarhia ceased to be Director.
Appointed
Pranav Deepak Harlalka was appointed as Director.
Charges
A charge with Others of Rs. 5.00 Cr registered on 28 Aug 2017 with Charge ID 100123667 was modified on 12 Jan 2018.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100123667 was registered on 28 Aug 2017.
32 earlier events are in the company report.
Frequently asked questions
Gini Tex is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 May 1988 (38+ years old) and is registered under CIN U17100MH1988PTC047476.
Gini Tex has 4 current directors:
- Karan Deepak Harlalka - Managing Director
- Deepak Vishwanath Harlalka - Director
- Anil Rajkumar Chokhani - Director
- Pranav Deepak Harlalka - Director
The latest financial statements of Gini Tex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gini Tex is 27AAACG1274B1Z4, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 26AAACG1274B1Z6 (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Gini Tex is U17100MH1988PTC047476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gini Tex has 10 court cases on record: 7 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Gini Tex was incorporated on 25 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Gini Tex has 1 deal on record (1 secondary share transfer); the latest was in March 2021.
The peers of Gini Tex by revenue are Heritage Processors Private Limited, Sanwariya Processors Private Limited, Lucky-Tech Membranes Private Limited, Jasmin Texfab Private Limited, VSK Polyfins Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Vishwanath Sewaram Harlalka ceased to be Director on 15 Apr 2020. Karan Deepak Harlalka ceased to be Additional Director on 30 Sep 2019. Pranav Deepak Harlalka ceased to be Additional Director on 30 Sep 2019. Gini Tex has 8 board changes on record in total.
Yes, Gini Tex is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0028997).
Gini Tex has 6 MSME Form 1 returns on record between 2019 and 2023, listing 83 overdue payments to 8 micro and small suppliers. The latest return was filed on 05 May 2023.