Ishan Spinners Private Limited
About Ishan Spinners Private Limited
Data last updated:
Ishan Spinners Private Limited is a private limited company based in Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 21 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17110PB2004PTC027048. Its GSTIN is 03AABCI2861F1Z0 (Punjab).
The company has an authorised share capital of ₹65 Lakh and a paid-up capital of ₹14.6 Lakh. It is led by directors Rai Bahadur (Whole-Time Director) and Narinder Singh Bawa (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 121 Industrial Area A Ludhiana, Punjab, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.22 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹28.02 Lakh (net margin 1%) and EBITDA of ₹2.94 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.49 Cr and satisfied charges of ₹18.76 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address121 Industrial Area A Ludhiana, Punjab, India
- 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
Business Activity of Ishan Spinners Private Limited
The main business activity of Ishan Spinners 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.
Financials of Ishan Spinners Private Limited FY 2025 filings available
Ishan Spinners Private Limited reported revenue of ₹27.22 Cr (down 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ishan Spinners Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 14% 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 Ishan Spinners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹28.02 Lakh | •••• | •••• | •••• | •••• |
| 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 Ishan Spinners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 | •••• | •••• | •••• | •••• | •••• |
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 Ishan Spinners 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.
Peer Comparison of Ishan Spinners Private Limited
Ishan Spinners Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Yoganand Textiles Pvt Ltd | ₹27.25 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Surat, Gujarat, India |
| Dhanroochi Intimate Fashion Limited | ₹27.24 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Surat, Gujarat, India |
| Dhanera Texchem Private Limited | ₹27.23 Cr (FY 2024) | •••• | •••• | -31.0% | •••• | Vanijya Bhavan, Kankariya, Gujarat, India |
| Kay Tex Fashions Private Limited | ₹27.23 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Delhi, India |
| Ortem Suppliers Private Limited | ₹27.22 Cr (FY 2025) | •••• | •••• | -56.0% | •••• | Kolkata, West Bengal, India |
| Ishan Spinners Private Limited this company | ₹27.22 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Punjab, India |
| Signoria Creation Limited | ₹27.22 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Jaipur, Rajasthan, India |
| Alphrade Global Private Limited | ₹27.19 Cr (FY 2025) | •••• | •••• | 201.0% | •••• | New Delhi, Delhi, India |
| Chintamani Apparels Private Limited | ₹27.19 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Ahmedabad, Gujarat, India |
| Gomaathi Cotspin (Covai) Private Limited | ₹27.17 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | Coimbatore, Tamil Nadu, India |
| Rangaa Yarns Private Limited | ₹27.16 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Periyar, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Ishan Spinners by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ishan Spinners Private Limited
Ishan Spinners Private Limited is audited by SOI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SOI & 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 Ishan Spinners Private Limited
Ishan Spinners has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rai Bahadur | Whole-Time Director | 21 Apr 2004 | 22 Years 5 Months | Current |
| Narinder Singh Bawa | Whole-Time Director | 21 Apr 2004 | 22 Years 5 Months | Current |
Ownership and Shareholding of Ishan Spinners Private Limited
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 Ishan Spinners Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Nov 2023 | Others | ₹8.2 Cr | Open |
| 21 Apr 2022 | Hdfc Bank Limited | ₹14.7 Lakh | Open |
| 21 Apr 2022 | Hdfc Bank Limited | ₹14.7 Lakh | Open |
| 23 Nov 2015 | Hdfc Bank Limited | ₹11.26 Cr | Satisfied |
| 29 Jan 2009 | Punjab & Sind Bank | ₹1 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Ishan Spinners Private Limited
Ishan Spinners Private Limited has 4 court cases on record: 4 filed by Ishan Spinners. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Charanjit Kalra and Sons | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ishan Spinners Private Limited
Ishan Spinners Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 278 overdue payments to 23 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Panesar Engg. Works | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Universal Mep Projects & Engineering Services Limited | •••• | •••• | •••• |
| New Era Woollen Mills Pvt Ltd | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ishan Spinners Private Limited
Ishan Spinners Private Limited has a workforce of 15 employees as of Apr 08, 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.
Recent Activity on Ishan Spinners Private Limited
Ishan Spinners Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Narinder Singh Bawa ceased to be Director on 31 Jan 2009.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ishan Spinners Private Limited
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.
Subsidiaries & Group Companies of Ishan Spinners Private Limited
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.
GST Compliance of Ishan Spinners Private Limited
Ishan Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCI2861F1Z0 | Punjab | Active | 01 Jul 2017 |
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.
MCA Filings & Documents of Ishan Spinners Private Limited
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.
Frequently Asked Questions about Ishan Spinners Private Limited
Ishan Spinners is an active private limited company based in Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 21 April 2004 (22+ years old) and is registered under CIN U17110PB2004PTC027048.
Ishan Spinners reported revenue of ₹27.22 Cr for FY 2024 (down 2% YoY).
Ishan Spinners has 2 current directors:
- Rai Bahadur - Whole-Time Director
- Narinder Singh Bawa - Whole-Time Director
Ishan Spinners reported a net profit of ₹28.02 Lakh (net margin 1%) and EBITDA of ₹2.94 Cr (EBITDA margin 10.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ishan Spinners is 8% over three years and 1% over five years. In the latest year (FY 2024) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ishan Spinners is 03AABCI2861F1Z0, registered in Punjab.
The CIN (Corporate Identification Number) of Ishan Spinners is U17110PB2004PTC027048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ishan Spinners has 4 court cases on record: 4 filed by the company.
Ishan Spinners was incorporated on 21 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ishan Spinners by revenue are Shree Yoganand Textiles Pvt Ltd, Dhanroochi Intimate Fashion Limited, Dhanera Texchem Private Limited, Kay Tex Fashions Private Limited, Ortem Suppliers Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Narinder Singh Bawa ceased to be Director on 31 Jan 2009. Rai Bahadur ceased to be Director on 31 Jan 2009. Narinder Singh Bawa was appointed as Whole-Time Director on 21 Apr 2004. Ishan Spinners has 4 board changes on record in total.
Ishan Spinners has 9 MSME Form 1 returns on record between 2019 and 2023, listing 278 overdue payments to 23 micro and small suppliers. The latest return was filed on 31 Aug 2023.