Innovative Textile Enterprise Private Limited
About Innovative Textile Enterprise Private Limited
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Innovative Textile Enterprise Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 10 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC297132. Its GSTIN is 27AAECI5584Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rohit Chugh Pal and Namita Rohit Pal.
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 609 Mahalaxmi Chambers 22 Bhulabhai Desai Road, Mumbai, Maharashtra, India – 400026.
As per the financials filed for FY 2025, the company reported a revenue of ₹396.01 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net loss of ₹44.72 Cr (net margin -11.3%) and EBITDA of ₹35.21 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 8% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹285 Cr and satisfied charges of ₹24 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (2 secondary share transfers); the latest was in July 2022.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Innovative Textile Enterprise Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address609 Mahalaxmi Chambers 22 Bhulabhai Desai Road, Mumbai, Maharashtra, India – 400026
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Innovative Textile Enterprise Private 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
Financials of Innovative Textile Enterprise Private Limited
FY 2024 filings availableInnovative Textile Enterprise Private Limited reported revenue of ₹396.01 Cr (up 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 87% growth in the latest year. EBITDA rose 191% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹35.21 Cr | ||||
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| Net Profit (PAT) | -₹44.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.9% | ||||
| Net Profit Margin | -11.3% | ||||
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To see the full financial statements and ratios of Innovative Textile Enterprise Private Limited, buy the company report.
Board of directors of Innovative Textile Enterprise Private Limited
Innovative Textile Enterprise has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Chugh Pal | Director | 14 Mar 2019 | 7 Years 7 Months | Current |
| Namita Rohit Pal Also directs: Nivam Trading Private Limited | Director | 10 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Innovative Textile Enterprise Private Limited is audited by ANIL KHANNA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL KHANNA | FY 2023 | 034576 |
Shareholding
The shareholding of Innovative Textile Enterprise Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovative Textile Enterprise Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2024 | 100984375 | Others | ₹260 Cr | Open | |
| 17 Jan 2024 | 100867581 | Others | ₹25 Cr | Open | |
| 27 Mar 2018 | 100171028 | Others | ₹24 Cr | Satisfied |
To see the full charge records of Innovative Textile Enterprise Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Innovative Textile Enterprise Private Limited has 2 deals on record (2 secondary share transfers); the latest was in July 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Innovative Textile Enterprise Private Limited has 2 court cases on record: 2 filed by Innovative Textile Enterprise. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Innovative Textile Enterprise Private 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 Innovative Textile Enterprise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Innovative Textile Enterprise has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Infiiloom India Private Limited | U17118PN1995PTC018285 | |
| Excelencia Techtex Private Limited | U51909PN2016PTC165333 |
To see the full group structure of Innovative Textile Enterprise Private Limited, buy the company report.
GST
Innovative Textile Enterprise has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI5584Q1ZQ | Maharashtra | Active | 21 Feb 2018 |
To see the full GST registrations and return filing status of Innovative Textile Enterprise Private Limited, buy the company report.
Recent activity
Innovative Textile Enterprise Private Limited has 7 board changes on record since 2018: 2 appointments and 5 cessations. The latest: Namita Rohit Pal ceased to be Additional Director on 26 Sep 2022.
2 earlier events are in the company report.
Frequently asked questions
Innovative Textile Enterprise is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 10 July 2017 (9+ years old) and is registered under CIN U74999MH2017PTC297132.
Innovative Textile Enterprise has 2 current directors:
- Rohit Chugh Pal - Director
- Namita Rohit Pal - Director
The latest financial statements of Innovative Textile Enterprise 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 FY 2018 are in the company report.
The GSTIN of Innovative Textile Enterprise is 27AAECI5584Q1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovative Textile Enterprise is U74999MH2017PTC297132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Textile Enterprise has 2 court cases on record: 2 filed by the company.
Innovative Textile Enterprise was incorporated on 10 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Innovative Textile Enterprise has 2 deals on record (2 secondary share transfers); the latest was in July 2022.
Namita Rohit Pal ceased to be Additional Director on 26 Sep 2022. Namita Rohit Pal was appointed as Director on 10 Mar 2022. Rohit Chugh Pal ceased to be Additional Director on 27 Sep 2019. Innovative Textile Enterprise has 7 board changes on record in total.
The registered office of Innovative Textile Enterprise is at 609 Mahalaxmi Chambers 22 Bhulabhai Desai Road, Mumbai, Maharashtra, India – 400026.
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