About Ichalkaranji Powerloom Mega Cluster Limited
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Ichalkaranji Powerloom Mega Cluster Limited is a public limited company based in Hatkanangale, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17290PN2012PLC145174. Its GSTIN is 27AADCI8695R1ZF (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹87.54 Cr. It is led by directors including Ram Jeevan Sharma (Whole-Time Director) and Sunil Satgonda Patil.
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. 1 To 7 Sector – B Shri Laxmi Sahakari Audyogik Vasahat Ltd, Hatkanangale, Maharashtra, India – 416109.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.2 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹34.54 Cr (net margin -200.8%) and EBITDA of -₹15.46 Cr (EBITDA margin -89.9%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
As per MCA filings, the company has open charges of ₹102.08 Cr and satisfied charges of ₹16.3 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ipmc.org.in.
Company details
Contact details
Ichalkaranji Powerloom Mega Cluster Limited's registered office is in Hatkanangale, Maharashtra. Its website is ipmc.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 1 To 7 Sector – B Shri Laxmi Sahakari Audyogik Vasahat Ltd, Hatkanangale, Maharashtra, India – 416109
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ichalkaranji Powerloom Mega Cluster 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
Business activity
The main business activity of Ichalkaranji Powerloom Mega Cluster 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 Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
Financials of Ichalkaranji Powerloom Mega Cluster Limited
FY 2024 filings availableIchalkaranji Powerloom Mega Cluster Limited reported revenue of ₹17.2 Cr (down 41% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 38%. EBITDA fell 1% 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 |
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| EBITDA | -₹15.46 Cr | ||||
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| Net Profit (PAT) | -₹34.54 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -89.9% | ||||
| Net Profit Margin | -200.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
Board of directors of Ichalkaranji Powerloom Mega Cluster Limited
Ichalkaranji Powerloom Mega Cluster has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Satgonda Patil Also directs: Ichalkaranji ZLD & Captive Power Association, Ichalkaranji Hi-Tech Powerloom LLP, Sunil Patil Textiles Private Limited and 1 more | Director | 25 Oct 2012 | 14 Years 0 Months | Current |
| Anil Tatyaso Kudache Also directs: Shri Laxmi Industrial Estate Foundry Cluster Association | Director | 24 Apr 2019 | 7 Years 6 Months | Current |
| Ram Jeevan Sharma Also directs: Ichalkaranji ZLD & Captive Power Association | Whole-Time Director | 06 Feb 2017 | 9 Years 9 Months | Current |
| Abhishek Jayprakash Patil Also directs: Ichalkaranji Hi-Tech Sizers LLP | Director | 15 Mar 2018 | 8 Years 7 Months | Current |
| Nishikant Ramchandra Savardekar | Director | 07 Sep 2021 | 5 Years 2 Months | Current |
Peer comparison
Ichalkaranji Powerloom Mega Cluster Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Marulene Texfab Private Limited | ₹17.22 Cr (FY 2025) | -9.0% | Bhiwandi, Maharashtra, India | |||
| Minerva Fashion Private Limited | ₹17.21 Cr (FY 2025) | 1.0% | Ludhiana, Punjab, India | |||
| Jitendra Synthetics Private Limited | ₹17.2 Cr (FY 2025) | -20.0% | Bhilwara, Rajasthan, India | |||
| Ichalkaranji Powerloom Mega Cluster Limitedthis company | ₹17.2 Cr (FY 2024) | -₹34.54 Cr | -200.8% | -41.0% | Hatkanangale, Maharashtra, India | |
| Jairraaj Fashion Private Limited | ₹17.2 Cr (FY 2024) | -3.0% | Rajkot, Gujarat, India | |||
| Alkey Synthetics Private Limited | ₹17.18 Cr (FY 2025) | -13.0% | Thane, Maharashtra, India | |||
| Shreehari Fabrics Private Limited | ₹17.18 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
Auditor
Ichalkaranji Powerloom Mega Cluster Limited is audited by KALE CHOUGULE THIGALE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALE CHOUGULE THIGALE & CO | FY 2023 | 114643W |
Shareholding
The shareholding of Ichalkaranji Powerloom Mega Cluster Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public |
To see the full shareholding pattern of Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2021 | 100483733 | Others | ₹10 Cr | Open | |
| 03 Mar 2021 | 100433984 | Others | ₹10 Cr | Open | |
| 03 Mar 2021 | 100433983 | Others | ₹10 Cr | Open | |
| 03 Mar 2021 | 100433985 | Others | ₹40 Cr | Open | |
| 03 Mar 2021 | 100433982 | Others | ₹7 Cr | Open |
To see the full charge records of Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Ichalkaranji Powerloom Mega Cluster Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Maharashtra State Cooperative Bank Ltd by Authorized Officer Sanjay Baburao Shelke | Pending |
To see the full case history of Ichalkaranji Powerloom Mega Cluster 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.
Credit ratings & regulatory alerts
Ichalkaranji Powerloom Mega Cluster Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ichalkaranji Powerloom Mega Cluster Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ichalkaranji Powerloom Mega Cluster has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI8695R1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ichalkaranji Powerloom Mega Cluster Limited, buy the company report.
Recent activity
Ichalkaranji Powerloom Mega Cluster Limited has 35 board changes on record since 2012: 20 appointments and 15 cessations. The latest: Pradyumkumar Vasant Kadole ceased to be Director on 27 Mar 2025.
42 earlier events are in the company report.
Frequently asked questions
Ichalkaranji Powerloom Mega Cluster is an active public limited company based in Hatkanangale, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 October 2012 (14+ years old) and is registered under CIN U17290PN2012PLC145174.
Ichalkaranji Powerloom Mega Cluster has 5 current directors:
- Ram Jeevan Sharma - Whole-Time Director
- Sunil Satgonda Patil - Director
- Anil Tatyaso Kudache - Director
- Abhishek Jayprakash Patil - Director
- Nishikant Ramchandra Savardekar - Director
The latest financial statements of Ichalkaranji Powerloom Mega Cluster 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 GSTIN of Ichalkaranji Powerloom Mega Cluster is 27AADCI8695R1ZF, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ichalkaranji Powerloom Mega Cluster is U17290PN2012PLC145174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ichalkaranji Powerloom Mega Cluster has 1 court case on record: 1 filed against it. 1 is pending.
Ichalkaranji Powerloom Mega Cluster was incorporated on 25 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Ichalkaranji Powerloom Mega Cluster by revenue are Marulene Texfab Private Limited, Minerva Fashion Private Limited, Jitendra Synthetics Private Limited, Jairraaj Fashion Private Limited, Alkey Synthetics Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Pradyumkumar Vasant Kadole ceased to be Director on 27 Mar 2025. Sachin Dadaso Mali ceased to be Director on 27 Mar 2025. Laxmikant Ramswaroop Purohit ceased to be Director on 27 Sep 2021. Ichalkaranji Powerloom Mega Cluster has 35 board changes on record in total.
Ichalkaranji Powerloom Mega Cluster can be reached through the website ipmc.org.in. Its registered office is in Hatkanangale, Maharashtra, India.
The registered office of Ichalkaranji Powerloom Mega Cluster is at Plot No. 1 To 7 Sector – B Shri Laxmi Sahakari Audyogik Vasahat Ltd, Hatkanangale, Maharashtra, India – 416109.
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