About Gupta Synthetics Limited
Data last updated:
Gupta Synthetics Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 August 1984.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17110MH1984PLC091906. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 28 Feb 2025 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹22.35 Cr. It is led by directors including Shreeprakash Nandkishore Gupta (Managing Director) and Shreemohan Nandkishore Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 326 Sardar Ghru Bldg 3rd Floor 198 Lok Manya Tilak Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2017, the company reported a revenue of ₹111.07 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹2.29 Cr (net margin -2.1%) and EBITDA of ₹96.63 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 21% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gupta Synthetics. As per MCA filings, the company has open charges of ₹399.88 Cr and satisfied charges of ₹41.94 Cr on record. Court records list 59 cases involving the company, including 19 filed by the company and 40 filed against it; 25 cases are pending.
The last known website on record is guptaynthetics.in.
Company details
CIN history
Gupta Synthetics has one previous CIN (Corporate Identification Number): L17110MH1984SGC091906. The current CIN is L17110MH1984PLC091906, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17110MH1984PLC091906 | Current |
| L17110MH1984SGC091906 | Previous |
Contact details
Gupta Synthetics Limited's registered office is in Mumbai, Maharashtra. Its website is guptaynthetics.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address326 Sardar Ghru Bldg 3rd Floor 198 Lok Manya Tilak Road, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Gupta Synthetics 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
Brands
Gupta Synthetics operates one associated brand: Gupta Synthetics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Synthetic materials are manufactured in Surat, India. | guptasynthetics.com |
Business activity
The main business activity of Gupta Synthetics 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 Gupta Synthetics Limited, buy the company report.
Financials of Gupta Synthetics Limited
FY 2017 filings availableGupta Synthetics Limited reported revenue of ₹111.07 Cr (up 34% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 34% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹111.07 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹96.63 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.29 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.9% | ||
| Net Profit Margin | -2.1% | ||
| 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 Gupta Synthetics Limited, buy the company report.
Board of directors and KMP of Gupta Synthetics Limited
Gupta Synthetics Limited currently reports 4 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meenu Maheshwari Also directs: HCP Plastene Bulkpack Limited, Palco Metals Limited, Krishna Capital and Securities Limited and 2 more | Director | 23 Mar 2015 | 11 Years 7 Months | As last reported |
| Shreemohan Nandkishore Gupta | Whole-Time Director | 17 Aug 1995 | 31 Years 2 Months | As last reported |
| Shreeprakash Nandkishore Gupta | Managing Director | 29 Sep 2003 | 23 Years 1 Months | As last reported |
| Avinashbhai Sashikantbhai Shah | Company Secretary | 27 Mar 1990 | 36 Years 7 Months | As last reported |
| Anilkumar Shyamsunder Singhal Also directs: One Inch Materials LLP, Gupta Tex Prints Private Limited, Sterlite Synthetics Pvt Ltd and 1 more | Director | 28 Jun 2004 | 22 Years 4 Months | As last reported |
Auditor
Gupta Synthetics Limited is audited by R R PATCHIGAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R PATCHIGAR & CO | FY 2017 | 107639W |
Shareholding
The shareholding of Gupta Synthetics Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Gupta Synthetics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2007 | 10063504 | Ing Vysya Bank Limited | ₹5 Cr | Open | |
| 10 Jul 2006 | 10008728 | Industrial Development Bank of India Limited | ₹17.6 Cr | Open | |
| 31 Jan 2006 | 100116689 | Icici Bank Limited | ₹75 Lakh | Open | |
| 02 Jan 2006 | 80054338 | State Bank of India | ₹14.65 Cr | Open | |
| 17 Feb 2004 | 80017406 | Edelweiss Asset Reconstruction Company Limited | ₹180.94 Cr | Open |
To see the full charge records of Gupta Synthetics Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Gupta Synthetics Limited has 59 court cases on record: 19 filed by Gupta Synthetics, 40 filed against it. 25 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 36 | 23 |
| Supreme Court | 3 | 1 | 0 |
| High courts | 2 | 2 | 2 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Cheque dishonour complaint | Filed against the company by M/S HDFC Bank Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by JBF Industries Ltd Th. S.N. Shetty | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Kotak Mahindra Bank Limited Through Authorised Representative Office at 27- BKC, Plot No. C-27, Bandra Kurla Complex, Bandra (East) Mumbai ,Mumbai , Maharashtra | Disposed |
To see the full case history of Gupta Synthetics 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
No delayed payments to MSME suppliers are on our record for Gupta Synthetics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gupta Synthetics Limited has a workforce of 4 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Gupta Synthetics has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gupta Synthetics Limited, buy the company report.
Recent activity
Gupta Synthetics Limited has 11 board changes on record since 1990: 8 appointments and 3 cessations. The latest: Pramod Kumar Tiwari ceased to be Director on 01 Nov 2015.
46 earlier events are in the company report.
Frequently asked questions
Gupta Synthetics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Gupta Synthetics is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 August 1984 and is registered under CIN L17110MH1984PLC091906. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gupta Synthetics has 5 current directors and KMP:
- Shreeprakash Nandkishore Gupta - Managing Director
- Shreemohan Nandkishore Gupta - Whole-Time Director
- Meenu Maheshwari - Director
- Anilkumar Shyamsunder Singhal - Director
- Avinashbhai Sashikantbhai Shah - Company Secretary
The latest financial statements of Gupta Synthetics on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gupta Synthetics is L17110MH1984PLC091906. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gupta Synthetics is recorded as a listed company by MCA, but its shares were delisted from BSE on 28 Feb 2025 · compulsory delisting, and no longer trade on a stock exchange.
Gupta Synthetics has open charges of ₹399.88 Cr and satisfied charges of ₹41.94 Cr as per latest MCA filings.
Gupta Synthetics has 59 court cases on record: 19 filed by the company and 40 filed against it. 25 are pending. Most are in the district courts.
Gupta Synthetics was incorporated on 07 August 1984. It is registered with the Registrar of Companies, Mumbai.
Pramod Kumar Tiwari ceased to be Director on 01 Nov 2015. Meenu Maheshwari was appointed as Director on 23 Mar 2015. Shyamsunder Nandkishore Gupta ceased to be Director on 19 Apr 2010. Gupta Synthetics has 11 board changes on record in total.