About IT Textile Private Limited
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IT Textile Private Limited is a private limited company based in Solan, Himachal Pradesh, India, a subsidiary of Indorama Holdings B.V., Netherlands. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U17120HP2008PTC010617. Its GSTIN is 02AABCI9690N1Z4 (Himachal Pradesh). The company holds 11 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹50.86 Cr. It was formerly known as It Textiles Private Limited and Mp Fibre Private Limited. It is led by directors including Sandeep Agarwal and Pardeep Kumar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 10 Industrial Area, Lodhimajra Baddi District Solan, Himachal Pradesh, India – 174101.
As per the financials filed for FY 2023, the company reported a revenue of ₹227.3 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹24.6 Cr (net margin -10.8%) and EBITDA of -₹19.38 Cr (EBITDA margin -8.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 3% over five years.
The company has about 424 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Inviya. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹498.75 Cr on record. Court records list 29 cases involving the company, including 25 filed by the company and 4 filed against it; 1 case is pending. The company has 16 deals on record (12 funding rounds, 4 secondary share transfers), with disclosed funding of ₹190.77 Cr; the latest was in August 2024. The company has 5 MSME Form 1 returns on record between 2019 and 2023, listing 43 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inviya.com.
Company details
Name history
IT Textile has undergone 5 name changes throughout its history. The current legal name is It Textile Private Limited.
| Company Name | Status |
|---|---|
| IT Textile Private Limited | Current |
| It Textiles Private Limited | Previous |
| Mp Fibre Private Limited | Previous |
| Indorama Industries Limited | Previous |
| Indorama Industries Private Limited | Previous |
| It Synthetics Private Limited | Previous |
CIN history
IT Textile has 5 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17120HP2008PTC010617, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120HP2008PTC010617 | Current |
| U17120CH2008PLC034354 | Previous |
| U17120DL2008PLC224269 | Previous |
| U17120WB2008PLC236847 | Previous |
| U17120WB2008PTC236847 | Previous |
| U17120MH2008PLC187204 | Previous |
Contact details
IT Textile Private Limited's registered office is in Solan, Himachal Pradesh. Its website is inviya.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressPlot No. 10 Industrial Area, Lodhimajra Baddi District Solan, Himachal Pradesh, India – 174101
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of IT Textile 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
Brands
IT Textile operates one associated brand: INVIYA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures spandex fibers for garments, accessories, and hygiene applications worldwide. | inviya.com |
Financials of IT Textile Private Limited
FY 2025 filings availableIT Textile Private Limited reported revenue of ₹227.3 Cr (down 15% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹227.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹19.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹24.6 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.5% | ||||
| Net Profit Margin | -10.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of IT Textile Private Limited, buy the company report.
Board of directors of IT Textile Private Limited
IT Textile has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Agarwal Also directs: Wearit Energy Limited, Wearit Tea Trading Private Limited | Director | 10 Sep 2025 | 1 Years 2 Months | Current |
| Pardeep Kumar | Director | 25 May 2021 | 5 Years 5 Months | Current |
| Kapil Gupta | Director | 25 May 2021 | 5 Years 5 Months | Current |
Auditor
IT Textile Private Limited is audited by Singhi & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co | FY 2023 | 302049E |
Shareholding
The shareholding of IT Textile 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 IT Textile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2020 | 100335783 | Others | ₹50 Cr | Satisfied | |
| 25 Oct 2019 | 100299718 | Standard Chartered Bank | ₹50 Cr | Satisfied | |
| 18 Apr 2018 | 100176904 | Others | ₹60 Cr | Satisfied | |
| 26 Mar 2018 | 100177535 | The Hongkong and Shanghai Banking Corporation Limited | ₹24.75 Lakh | Satisfied | |
| 18 Jan 2018 | 100153273 | Axis Bank Limited | ₹39 Cr | Satisfied |
To see the full charge records of IT Textile Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
IT Textile Private Limited has 16 deals on record (12 funding rounds, 4 secondary share transfers), with disclosed funding of ₹190.77 Cr; the latest was in August 2024.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Funding round | ₹49.08 Cr | Investors: Indorama International Private Limited |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: Indorama Holdings B.v. Seller: Indorama Enterprises Pte. Limited, Indorama Corporation Pte. Limited |
| Sep 2018 | Funding round | ₹17.82 Cr | Investors: Indorama Enterprises Pte. Limited, Indorama Corporation Pte. Limited |
| Mar 2018 | Funding round | ₹6.48 Cr | Investors: Indorama Corporation Pte. Limited |
| Mar 2018 | Funding round | ₹6.51 Cr | Investors: Indorama Enterprises Pte. Limited |
To see the full deal history of IT Textile Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
IT Textile Private Limited has 29 court cases on record: 25 filed by IT Textile, 4 filed against it. 1 case is pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 1 | 0 |
| District courts | 5 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Interim or miscellaneous application | Filed against the company by M/S Swastik Road Lines Pvt. Ltd. THR. | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against Prime Trans Express Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (TRAFFIC CHALLAN) | Filed against the company by State | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against Union of India(Not Applicable) | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against Union of India | Disposed |
To see the full case history of IT Textile 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
IT Textile Private Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 43 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avantika Ginning Factory | |||
| Indus Intermodal Carriers (Bombay) Pvt Ltd | |||
| Prakash Labels Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of IT Textile Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
IT Textile has 11 GST registrations: 2 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AABCI9690N1Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
| 02AABCI9690N3Z2 | Himachal Pradesh | Active | 01 Jun 2020 |
To see the full GST registrations and return filing status of IT Textile Private Limited, buy the company report.
Recent activity
IT Textile Private Limited has 18 board changes on record since 2010: 3 appointments and 15 cessations. The latest: Sandeep Agarwal ceased to be Additional Director on 28 Sep 2025.
34 earlier events are in the company report.
Frequently asked questions
IT Textile is an active private limited company based in Solan, Himachal Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 October 2008 (18+ years old) and is registered under CIN U17120HP2008PTC010617.
IT Textile has 3 current directors:
- Sandeep Agarwal - Director
- Pardeep Kumar - Director
- Kapil Gupta - Director
The latest financial statements of IT Textile on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of IT Textile is 02AABCI9690N1Z4, registered in Himachal Pradesh. The company has 11 GST registrations in all, of which 2 are active and 9 are cancelled or inactive. Other active GSTINs include 02AABCI9690N3Z2 (Himachal Pradesh).
The CIN (Corporate Identification Number) of IT Textile is U17120HP2008PTC010617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IT Textile has 29 court cases on record: 25 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
IT Textile was incorporated on 01 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
IT Textile has 16 deals on record (12 funding rounds, 4 secondary share transfers), with disclosed funding of ₹190.77 Cr; the latest was in August 2024.
Sandeep Agarwal ceased to be Additional Director on 28 Sep 2025. Sandeep Agarwal was appointed as Director on 10 Sep 2025. Kapil Gupta ceased to be Additional Director on 30 Sep 2021. IT Textile has 18 board changes on record in total.
IT Textile has 5 MSME Form 1 returns on record between 2019 and 2023, listing 43 overdue payments to 13 micro and small suppliers. The latest return was filed on 16 Nov 2023.
IT Textile can be reached through the website inviya.com. Its registered office is in Solan, Himachal Pradesh, India.
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