Intelligent Textile Engineers Private Limited
About Intelligent Textile Engineers Private Limited
Data last updated:
Intelligent Textile Engineers Private Limited is a private limited company based in Ahmedabad, Gujarat, 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 process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 November 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29269GJ2009PTC058708. Its GSTIN is 24AACCI2116E1Z9 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Omkarchandra Rikhabdas Maloo (Irp/Rp/Liquidator) and Yash Jatinbhai Baxi.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No 4 Vijay Textile Compound Narol Narol – Vatva Road, Ahmedabad, Gujarat, India – 382405.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.59 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹76,177 (net margin 0.5%) and EBITDA of ₹1.6 Lakh (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 1 case is pending.
Company details
Contact details
Intelligent Textile Engineers Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 4 Vijay Textile Compound Narol Narol – Vatva Road, Ahmedabad, Gujarat, India – 382405
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Intelligent Textile Engineers 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
Business activity
The main business activity of Intelligent Textile Engineers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Intelligent Textile Engineers Private Limited, buy the company report.
Financials of Intelligent Textile Engineers Private Limited
FY 2019 filings availableIntelligent Textile Engineers Private Limited reported revenue of ₹1.59 Cr (up 670% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 670% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA rose 227% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.59 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹76,177 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Intelligent Textile Engineers Private Limited, buy the company report.
Board of directors of Intelligent Textile Engineers Private Limited
Intelligent Textile Engineers has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omkarchandra Rikhabdas Maloo | Irp/Rp/Liquidator | 06 Mar 2024 | 2 Years 7 Months | As last reported |
| Yash Jatinbhai Baxi | Director | 03 Jul 2017 | 9 Years 3 Months | As last reported |
| Pragna Jatinbhai Baxi | Director | 03 Jul 2017 | 9 Years 3 Months | As last reported |
Peer comparison
Intelligent Textile Engineers Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avi Sales Private Limited | ₹1.59 Cr (FY 2025) | -1.0% | Ahmedabad, Gujarat, India | |||
| Intelligent Textile Engineers Private Limitedthis company | ₹1.59 Cr (FY 2019) | ₹76,177 | 0.5% | 670.0% | Ahmedabad, Gujarat, India | |
| Sambhav Machinery Manufactures Private Limited | ₹1.58 Cr (FY 2025) | -63.0% | Ahmedabad, Gujarat, India | |||
| Miven Machine Tools Limited | ₹1.58 Cr (FY 2024) | -18.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Intelligent Textile Engineers Private Limited, buy the company report.
Auditor
Intelligent Textile Engineers Private Limited is audited by SUDHIR KHATRI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR KHATRI & CO | FY 2019 | 112808W |
Shareholding
The shareholding of Intelligent Textile Engineers Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Intelligent Textile Engineers Private Limited, buy the company report.
Legal cases
Intelligent Textile Engineers Private Limited has 7 court cases on record: 3 filed by Intelligent Textile Engineers, 4 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Court case (SCS) | Filed against the company by Franstek Belts Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Court case (Cont.A.(IBC)) | Filed by the company against Commissioner of State Tax Government of Gujarat | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against individuals | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
To see the full case history of Intelligent Textile Engineers 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 Intelligent Textile Engineers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Intelligent Textile Engineers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCI2116E1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Intelligent Textile Engineers Private Limited, buy the company report.
Recent activity
Intelligent Textile Engineers Private Limited has 9 board changes on record since 2012: 3 appointments and 6 cessations. The latest: Omkarchandra Rikhabdas Maloo was appointed as Irp/Rp/Liquidator on 06 Mar 2024.
Frequently asked questions
Intelligent Textile Engineers 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.
Intelligent Textile Engineers is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 25 November 2009 and is registered under CIN U29269GJ2009PTC058708. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Intelligent Textile Engineers has 3 current directors:
- Yash Jatinbhai Baxi - Director
- Pragna Jatinbhai Baxi - Director
- Omkarchandra Rikhabdas Maloo - Irp/Rp/Liquidator
The latest financial statements of Intelligent Textile Engineers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Intelligent Textile Engineers is U29269GJ2009PTC058708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Intelligent Textile Engineers has 7 court cases on record: 3 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Intelligent Textile Engineers was incorporated on 25 November 2009. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Intelligent Textile Engineers by revenue are Avi Sales Private Limited, Sambhav Machinery Manufactures Private Limited, Miven Machine Tools Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Omkarchandra Rikhabdas Maloo was appointed as Irp/Rp/Liquidator on 06 Mar 2024. Pragna Jatinbhai Baxi ceased to be Additional Director on 30 Sep 2017. Yash Jatinbhai Baxi ceased to be Additional Director on 30 Sep 2017. Intelligent Textile Engineers has 9 board changes on record in total.
The registered office of Intelligent Textile Engineers is at Plot No 4 Vijay Textile Compound Narol Narol – Vatva Road, Ahmedabad, Gujarat, India – 382405.
The GSTIN of Intelligent Textile Engineers is 24AACCI2116E1Z9, registered in Gujarat.