MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0093083
Giriraj Texolene Pvt.Ltd.
Giriraj Texolene Pvt.Ltd. - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹90.67 Lakh
▼ 28% YoY
Net profit · FY 2024
₹43,700
Net margin 0.5%
EBITDA · FY 2024
₹10.55 Lakh
EBITDA margin 11.6%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹14.82 Lakh
Issued & subscribed
Open charges
₹33.5 Lakh
Secured borrowings
Company age
35 yrs
Est. 1991
Directors on board
3
As per MCA filings
About Giriraj Texolene Pvt.Ltd.
Data last updated:
Giriraj Texolene Pvt.Ltd. is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 13 December 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17299GJ1991PTC016777.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹14.82 Lakh. It is led by directors including Mukeshbhai Bhanubhai Savaliya and Harshbhai Batukbhai Savalia.
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 Plot No. 9/10 Block No. 124 Mota Borasara Road Mangrol, Surat, Gujarat, India – 394110.
As per the financials filed for FY 2024, the company reported a revenue of ₹90.67 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹43,700 (net margin 0.5%) and EBITDA of ₹10.55 Lakh (EBITDA margin 11.6%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹33.5 Lakh on record.
Giriraj Texolene Pvt.Ltd. is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0093083). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17299GJ1991PTC016777
Registration Number 016777
Incorporation Date 13 December 1991
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0093083
Key People
Mukeshbhai Bhanubhai Savaliya Director Harshbhai Batukbhai Savalia Director Vilasben Mukeshbhai Savaliya Director Recognitions & Rankings of Giriraj Texolene
Contact details
Giriraj Texolene Pvt.Ltd.'s registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 9/10 Block No. 124 Mota Borasara Road Mangrol, Surat, Gujarat, India – 394110
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Giriraj Texolene Pvt.Ltd., buy the company report.
Comprehensive company report
Giriraj Texolene Pvt.Ltd. - 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 Giriraj Texolene 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 Giriraj Texolene Pvt.Ltd., buy the company report.
Financials of Giriraj Texolene Pvt.Ltd.
FY 2024 filings availableGiriraj Texolene Pvt.Ltd. reported revenue of ₹90.67 Lakh (down 28% YoY) for FY 2024.
Revenue · FY 2024
₹90.67 Lakh ▼ 28%
Net profit · FY 2024
₹43,700 margin 0.5%
EBITDA · FY 2024
₹10.55 Lakh margin 11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▲ 6%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 2%
5 years · compounded
▼ 2%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 28% fall in the latest year. EBITDA rose 14% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹10.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43,700 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Giriraj Texolene Pvt.Ltd., buy the company report.
Board of directors of Giriraj Texolene Pvt.Ltd.
Giriraj Texolene has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukeshbhai Bhanubhai Savaliya | Director | 15 Nov 2006 | 19 Years 11 Months | Current |
| Harshbhai Batukbhai Savalia | Director | 21 Aug 2012 | 14 Years 2 Months | Current |
| Vilasben Mukeshbhai Savaliya | Director | 21 Aug 2012 | 14 Years 2 Months | Current |
Peer comparison
Giriraj Texolene Pvt.Ltd. 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 |
|---|---|---|---|---|---|---|
| Comfort Cotton Tex Private Limited | ₹91.31 Lakh (FY 2023) | -50.0% | Chandigarh, India | |||
| Ganga Textiles Limited | ₹91.05 Lakh (FY 2016) | 1243.0% | Coimbatore, Tamil Nadu, India | |||
| Garrison Textile Private Limited | ₹90.73 Lakh (FY 2024) | 58.0% | Bangalore, Karnataka, India | |||
| Giriraj Texolene Pvt.Ltd.this company | ₹90.67 Lakh (FY 2024) | ₹43,700 | 0.5% | -28.0% | Surat, Gujarat, India | |
| Kalaroop Lifestyles & Fabrics Private Limited | ₹90.64 Lakh (FY 2025) | -28.0% | Surat, Gujarat, India | |||
| Am Clothing & Fashion Private Limited | ₹90.61 Lakh (FY 2025) | -5.0% | Ballabgarh, Haryana, India |
To see the full peer comparison of Giriraj Texolene Pvt.Ltd., buy the company report.
Auditor
Giriraj Texolene Pvt.Ltd. is audited by H V R & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H V R & ASSOCIATES | FY 2022 | 108601W |
Shareholding
The shareholding of Giriraj Texolene Pvt.Ltd. is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Giriraj Texolene Pvt.Ltd., buy the company report.
Charges & borrowings
Open charges
₹33.5 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2012 | 10337489 | Tamilnad Mercantile Bank Limited | ₹33.5 Lakh | Open |
To see the full charge records of Giriraj Texolene Pvt.Ltd., buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Giriraj Texolene Pvt.Ltd. are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Giriraj Texolene Pvt.Ltd. has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 24 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Orchid Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Giriraj Texolene Pvt.Ltd., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
No GST registration is on our record for Giriraj Texolene Pvt.Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Giriraj Texolene Pvt.Ltd. has 9 board changes on record since 2006: 3 appointments and 6 cessations. The latest: Prafulbhai Devjibhai Savalia ceased to be Director on 20 Feb 2013.
AGM
Giriraj Texolene Pvt.Ltd. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Giriraj Texolene Pvt.Ltd. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Tamilnad Mercantile Bank Limited of Rs. 33.50 Lakh registered on 03 Feb 2012 with Charge ID 10337489 was modified on 10 Mar 2023.
Ceased
Prafulbhai Devjibhai Savalia ceased to be Director.
Ceased
Vilasben Prafulbhai Savalia ceased to be Director.
Appointed
Harshbhai Batukbhai Savalia was appointed as Director.
Appointed
Vilasben Mukeshbhai Savaliya was appointed as Director.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 33.50 Lakh with Charge ID 10337489 was registered on 03 Feb 2012.
Ceased
Darshankumar Dineshbhai Savaliya ceased to be Director.
Ceased
Chirag Dineshbhai Savaliya ceased to be Director.
Ceased
Dineshbhai Parshotambhai Savalia ceased to be Director.
Ceased
Hetalben Chiragbhai Savalia ceased to be Director.
2 earlier events are in the company report.
Frequently asked questions
Giriraj Texolene is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 13 December 1991 (35+ years old) and is registered under CIN U17299GJ1991PTC016777.
Giriraj Texolene has 3 current directors:
- Mukeshbhai Bhanubhai Savaliya - Director
- Harshbhai Batukbhai Savalia - Director
- Vilasben Mukeshbhai Savaliya - Director
The latest financial statements of Giriraj Texolene 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 CIN (Corporate Identification Number) of Giriraj Texolene is U17299GJ1991PTC016777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Giriraj Texolene was incorporated on 13 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Giriraj Texolene by revenue are Comfort Cotton Tex Private Limited, Ganga Textiles Limited, Garrison Textile Private Limited, Kalaroop Lifestyles & Fabrics Private Limited, Am Clothing & Fashion Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Prafulbhai Devjibhai Savalia ceased to be Director on 20 Feb 2013. Vilasben Prafulbhai Savalia ceased to be Director on 20 Feb 2013. Harshbhai Batukbhai Savalia was appointed as Director on 21 Aug 2012. Giriraj Texolene has 9 board changes on record in total.
Yes, Giriraj Texolene is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0093083).
Giriraj Texolene has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 24 overdue payments to 4 micro and small suppliers. The latest return was filed on 20 Jun 2019.
The registered office of Giriraj Texolene is at Plot No. 910 Block No. 124 Mota Borasara Road Mangrol, Surat, Gujarat, India – 394110.
Giriraj Texolene operates in the manufacturing industry, in the textile and fabric production segment.
Giriraj Texolene has open charges of ₹33.5 Lakh and no satisfied charges on record as per latest MCA filings.
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