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 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Shri Bankey Bihari Cotton Industries Private Limited with revenue of ₹61.25 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 of Gini Tex Private Limited
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
- EmailLocked
- TelephoneLocked
- 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
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Associated Brands with Gini Tex Private Limited
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 of Gini Tex Private Limited
The main business activity of Gini 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 |
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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 Gini Tex Private Limited FY 2025 filings available
Gini 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) of Gini Tex Private Limited
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 of Gini 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 | ₹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 of Gini Tex Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Gini Tex are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Gini Tex Private Limited
Gini 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 |
|---|---|---|---|---|---|---|
| Shri Bankey Bihari Cotton Industries Private Limited | ₹61.25 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Surajgarh, Rajasthan, India |
| Heritage Processors Private Limited | ₹61.23 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Surat, Gujarat, India |
| Viveklene Industries Private Limited | ₹61.18 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Sanwariya Processors Private Limited | ₹61.15 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Surat, Gujarat, India |
| Gaurinath Agro Products Private Limited | ₹61.15 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Bhadrawati, Maharashtra, India |
| Gini Tex Private Limited this company | ₹61.13 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | 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 |
| Vortex Flex Private Limited | ₹60.98 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Alipore, Gujarat, India |
| VSK Polyfins Private Limited | ₹60.94 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Surat, Gujarat, India |
| Mittapalli Spinners Private Limited | ₹60.89 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Narasaraopet, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Gini 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 Gini Tex Private Limited
Gini Tex Private Limited is audited by VATSRAJ & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VATSRAJ & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Gini Tex Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Gini Tex Private Limited
Open charges
₹20 Cr
Satisfied charges
₹14.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Oct 2021 | Hdfc Bank Limited | ₹15 Cr | Open |
| 28 Aug 2017 | Others | ₹5 Cr | Open |
| 21 Jun 2013 | Stae Bank of India | ₹50 Lakh | Satisfied |
| 05 Jul 1997 | Gujrat Industrial Investment Corporation Ltd | ₹1.35 Cr | Satisfied |
| 11 Oct 1996 | Bombay Marcantile Co Op Bank | ₹1.8 Lakh | Satisfied |
Total charge records: 14 View all charges
Deals & Funding of Gini Tex Private Limited
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 |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Gini Tex Private Limited
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. Status as checked between 21 Sep 2026 and 03 Oct 2026.
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 |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| District courts | 5 | 2 | 3 |
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 Tara Textiles | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Tara Textiles | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against individuals | Disposed |
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Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Gini Tex Private Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
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- 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 Gini Tex Private Limited
Gini Tex Private Limited has a workforce of 96 employees as of Apr 06, 2024.
Employee count
96
Active EPFO establishments
1
Employee growth
-1.03%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Gini Tex Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Gini Tex Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Gini Tex Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Gini Tex Private Limited
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 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Gini Tex Private Limited
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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
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- Complete filing index
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Related news about Gini Tex Private Limited
Frequently Asked Questions about Gini Tex Private Limited
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 reported revenue of ₹61.13 Cr for FY 2025 (down 3% YoY).
Gini Tex has 4 current directors:
- Karan Deepak Harlalka - Managing Director
- Deepak Vishwanath Harlalka - Director
- Anil Rajkumar Chokhani - Director
- Pranav Deepak Harlalka - Director
Gini Tex reported a net profit of ₹39.13 Lakh (net margin 0.6%) and EBITDA of ₹3.34 Cr (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gini Tex is 4% over three years and 1% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
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 high 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 Shri Bankey Bihari Cotton Industries Private Limited, Heritage Processors Private Limited, Viveklene Industries Private Limited, Sanwariya Processors Private Limited, Gaurinath Agro Products Private Limited and 5 more, all in the Manufacturing industry (Textiles).
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.