About Gitesh Textiles Private Limited
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Gitesh Textiles Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 23 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17121MH2011PTC220087. Its GSTIN is 27AAECG3423A1Z7 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹2.5 Lakh. It is led by directors including Leena Jitendra Parekh and Rikin Jitendra Parekh.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.25 Cr. For the same year it recorded a net loss of ₹38.86 Lakh (net margin -31%) and EBITDA of -₹8.33 Lakh (EBITDA margin -6.6%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 39% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website giteshtextiles.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBai Zaverbai Purshottam Natha Charitable Trust Bldg 17 Anant Wadi Ground Floor Bhul, Eshwar, Mumbai, Maharashtra, India – 400002
- IndustryFashion and Textile, Fashion Retail
- 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 of Gitesh Textiles Private Limited
The main business activity of Gitesh Textiles is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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 Gitesh Textiles Private Limited FY 2022 filings available
Gitesh Textiles Private Limited reported revenue of ₹1.25 Cr for FY 2022.
Compounded Annual Growth Rate (CAGR) of Gitesh Textiles Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years. EBITDA fell 534% 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 Gitesh Textiles Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.25 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹8.33 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹38.86 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 Gitesh Textiles Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -31% | •••• | •••• | •••• | •••• |
| 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 Gitesh Textiles are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Gitesh Textiles Private Limited
Gitesh Textiles Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Textile Retail and Distribution, 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 |
|---|---|---|---|---|---|---|
| Kanishka Garments Private Limited | ₹1.26 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Kolkata, West Bengal, India |
| Vikram Engineering Limited | ₹1.26 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| Shree Amritam Suitings Private Limited | ₹1.26 Cr (FY 2023) | •••• | •••• | -39.0% | •••• | Bhilwara, Rajasthan, India |
| Harikrut Industries Private Limited | ₹1.26 Cr (FY 2018) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Gnbsc Fabtex Private Limited | ₹1.26 Cr (FY 2025) | •••• | •••• | 6311.0% | •••• | Delhi, India |
| Gitesh Textiles Private Limited this company | ₹1.25 Cr (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Glary Impex Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Nagpur, Maharashtra, India |
| Mura Collective Textiles & Crafts Private Limited | ₹1.25 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Delhi, India |
| Shirdi Commotrade Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Kolkata, West Bengal, India |
| Jayatma Enterprises Limited Listed | ₹1.25 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Ahmedabad, Gujarat, India |
| Mubeen Ahmed and Sons Leather Exports Private Limited | ₹1.25 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Gitesh Textiles by revenue in the Apparel industry (Apparel Retail and Distribution, Textile Retail and Distribution, 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 Gitesh Textiles Private Limited
Gitesh Textiles Private Limited is audited by PRANAV P MEHTA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRANAV P MEHTA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Gitesh Textiles Private Limited
Gitesh Textiles has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Leena Jitendra Parekh | Director | 23 Jul 2011 | 15 Years 2 Months | Current |
| Rikin Jitendra Parekh | Director | 23 Jul 2011 | 15 Years 2 Months | Current |
| Avni Rikin Parekh | Director | 14 Dec 2012 | 13 Years 9 Months | Current |
Ownership and Shareholding of Gitesh Textiles Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Gitesh Textiles Private Limited
Gitesh Textiles Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gitesh Textiles Private Limited
Employment history and EPFO contributions of people linked to Gitesh Textiles.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Gitesh Textiles Private Limited
Gitesh Textiles Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Avni Rikin Parekh ceased to be Additional Director on 30 Sep 2013.
Credit Ratings, Litigation & Regulatory Alerts for Gitesh Textiles Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Gitesh Textiles Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Gitesh Textiles Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Gitesh Textiles Private Limited
Gitesh Textiles has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECG3423A1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 24AAECG3423A1ZD | Gujarat | Active | 02 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Gitesh Textiles Private Limited
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
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Gitesh Textiles Private Limited
Gitesh Textiles is an active private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 23 July 2011 (15+ years old) and is registered under CIN U17121MH2011PTC220087.
Gitesh Textiles reported revenue of ₹1.25 Cr for FY 2022.
Gitesh Textiles has 3 current directors:
- Leena Jitendra Parekh - Director
- Rikin Jitendra Parekh - Director
- Avni Rikin Parekh - Director
Gitesh Textiles reported a net loss of ₹38.86 Lakh (net margin -31%) and EBITDA of -₹8.33 Lakh (EBITDA margin -6.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gitesh Textiles is -10% over three years and -39% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gitesh Textiles is 27AAECG3423A1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECG3423A1ZD (Gujarat).
The CIN (Corporate Identification Number) of Gitesh Textiles is U17121MH2011PTC220087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gitesh Textiles was incorporated on 23 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Gitesh Textiles by revenue are Kanishka Garments Private Limited, Vikram Engineering Limited, Shree Amritam Suitings Private Limited, Harikrut Industries Private Limited, Gnbsc Fabtex Private Limited and 5 more, all in the Apparel industry (Apparel Retail and Distribution, Textile Retail and Distribution, Textiles).
Avni Rikin Parekh ceased to be Additional Director on 30 Sep 2013. Avni Rikin Parekh was appointed as Director on 14 Dec 2012. Jitendra Shamjibhai Parekh ceased to be Director on 26 Aug 2011. Gitesh Textiles has 5 board changes on record in total.
Gitesh Textiles can be reached through the website giteshtextiles.com. Its registered office is in Mumbai, Maharashtra, India.