About Hind Syntex Ltd.
Data last updated:
Hind Syntex Ltd. is a public limited company based in Kurawar, Madhya Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 December 1980.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L17118MP1980PLC001697. The company has 1 GST registration on record, which is no longer active. It is a listed company.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹12.72 Cr. It is led by directors Balesh Kumar Bagree and Viveck Somiah Crishna.
Its last annual general meeting (AGM) was held on 22 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No.2 3 4 And 5 Industrial Growth Centre Industrial Growth Centre, Kurawar, Madhya Pradesh, India – 465667.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.22 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹6.26 Cr (net margin -24.8%) and EBITDA of -₹5.6 Cr (EBITDA margin -22.2%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
The company has about 678 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: National Casino Canada. As per MCA filings, the company has open charges of ₹539 Cr and satisfied charges of ₹403.15 Cr on record.
The last known website on record is hindsyntexltd.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No.2 3 4 And 5 Industrial Growth Centre Industrial Growth Centre, Kurawar, Madhya Pradesh, India – 465667
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Associated Brands with Hind Syntex Ltd.
Hind Syntex operates one associated brand: National Casino Canada. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online casino games, bonuses, and secure gaming experiences. | hindsyntexltd.com |
Competitors & Alternatives of Hind Syntex Ltd.
Brands and companies operating in the same space as Hind Syntex Ltd. include Gambling.com, Bojoko, AskGamblers and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Gambling.com | Online reviews and information on gambling activities are provided. | Valletta, Malta | 2006 |
 Bojoko | An online platform for casino reviews and comparisons is provided. | Gzira, Malta | 2017 |
 AskGamblers | Platform offering reviews of online casinos | Belgrade, Serbia | 2006 |
 JohnSlots | Reviews of online casinos are provided by the platform. | United Kingdom | 2013 |
 CasinoGrounds | Reviews of online casinos, bonuses, ratings, and streamers are provided. | Sliema, Malta | 2016 |
 Betconix | Reviews and recommendations for crypto casino sites are offered online. | Tallinn, Estonia | 2020 |
 Moneythink | Support services for high school and college students | Chicago, United States | 2008 |
 Time2play | Online site reviews are provided through a dedicated platform. | Saint Julian, Malta | 2021 |
 American Casino Guide Book | Provides guides, bonuses, and tips for U.S. casino gambling and strategies. | Dania Beach, United States | 1992 |
 Expert Web Worx | Provides online gambling platforms with bonuses and casino games for users. | Kaufman, United States | 2009 |
Business Activity of Hind Syntex Ltd.
The main business activity of Hind Syntex 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 |
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.
Auditor Details of Hind Syntex Ltd.
Hind Syntex Ltd. is audited by V.SINGHI & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V.SINGHI & 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 Hind Syntex Ltd.
Hind Syntex has 2 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balesh Kumar Bagree Also directs: Ritspin Synthetics Limited | Director | 30 May 2018 | 8 Years 4 Months | As last reported |
| Viveck Somiah Crishna | Director | 23 Mar 2013 | 13 Years 6 Months | As last reported |
Financials of Hind Syntex Ltd. FY 2018 filings available
Hind Syntex Ltd. reported revenue of ₹25.22 Cr (down 43% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Hind Syntex Ltd.
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 43% fall in the latest year. EBITDA fell 166% 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 Hind Syntex Ltd.
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹25.22 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹5.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.26 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 of Hind Syntex Ltd.
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -24.8% | •••• | •••• | •••• | •••• |
| 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 Hind Syntex 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.
Ownership and Shareholding of Hind Syntex Ltd.
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 Hind Syntex Ltd.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2017 | Others | ₹221.19 Cr | Open |
| 02 May 2015 | Others | ₹317.81 Cr | Open |
| 21 Mar 2015 | Others | ₹18.5 Cr | Satisfied |
| 11 Feb 2015 | Dena Bank | ₹75.9 Cr | Satisfied |
| 11 Aug 2014 | Others | ₹211.19 Cr | Satisfied |
Total charge records: 17 View all charges
Employees and EPFO Compliance at Hind Syntex Ltd.
Hind Syntex Ltd. has a workforce of 678 employees as of Nov 19, 2024.
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.
GST Compliance of Hind Syntex Ltd.
Hind Syntex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
Credit Ratings, Litigation & Regulatory Alerts for Hind Syntex Ltd.
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 Hind Syntex Ltd.
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 Hind Syntex Ltd.
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.
MCA Filings & Documents of Hind Syntex Ltd.
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.
Recent Activity on Hind Syntex Ltd.
Frequently Asked Questions about Hind Syntex Ltd.
Hind Syntex is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Hind Syntex is a company under insolvency, formerly operating as a public limited company based in Kurawar, Madhya Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 December 1980 and is registered under CIN L17118MP1980PLC001697. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hind Syntex reported revenue of ₹25.22 Cr for FY 2019 (down 43% YoY).
Hind Syntex has 2 current directors:
- Balesh Kumar Bagree - Director
- Viveck Somiah Crishna - Director
Hind Syntex reported a net loss of ₹6.26 Cr (net margin -24.8%) and EBITDA of -₹5.6 Cr (EBITDA margin -22.2%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hind Syntex is -15% over three years. In the latest year (FY 2019) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Hind Syntex is L17118MP1980PLC001697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Hind Syntex is a listed company.
Hind Syntex has open charges of ₹539 Cr and satisfied charges of ₹403.15 Cr as per latest MCA filings.