About Itema Weaving (India) Private Limited
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Itema Weaving (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Itema Switzerland Limited. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 24 June 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2002PTC136299. Its GSTIN is 27AAGCS5557F1Z4 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹4.68 Cr. It was formerly known as Sultex (India) Private Limited. It is led by directors including Sameer Suresh Kulkarni (Managing Director) and Ugo Ghilardi.
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 Solitaire Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.62 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹6 Cr (net margin 34%) and EBITDA of ₹8.82 Cr (EBITDA margin 50.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 12% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itemagroup.com.
Company details
Contact details
Itema Weaving (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is itemagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressUnit No. 672 7th Floor Bldg No. 6, Solitaire Corporate Park Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Itema Weaving (India) 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 Itema Weaving (India) is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Itema Weaving (India) Private Limited, buy the company report.
Financials of Itema Weaving (India) Private Limited
FY 2025 filings availableItema Weaving (India) Private Limited reported revenue of ₹17.62 Cr (down 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 40% 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 | ₹8.82 Cr | ||||
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| Net Profit (PAT) | ₹6 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 50.1% | ||||
| Net Profit Margin | 34% | ||||
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To see the full financial statements and ratios of Itema Weaving (India) Private Limited, buy the company report.
Board of directors of Itema Weaving (India) Private Limited
Itema Weaving (India) has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ugo Ghilardi Also directs: Schoch Reeds India Private Limited | Director | 18 Sep 2020 | 6 Years 1 Months | Current |
| Sameer Suresh Kulkarni Also directs: Texzenith Machinery LLP | Managing Director | 14 Feb 2024 | 2 Years 8 Months | Current |
| Roberto Adriano Rossoni | Director | 21 Dec 2023 | 2 Years 10 Months | Current |
| Ameet Rohidas Nayak Also directs: Schoch Reeds India Private Limited | Director | 19 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Itema Weaving (India) Private Limited is audited by S S JHUNJHUNWALA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S JHUNJHUNWALA & CO | FY 2021 | 111926W |
Shareholding
The shareholding of Itema Weaving (India) Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Itema Weaving (India) Private Limited, buy the company report.
Legal cases
Itema Weaving (India) Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0432-Indirect Taxes Matters : Appeals u/s 130 E of Customs Act, 1962) | Filed against the company by Commissioner of Customs Chennai (Port Import) Tamil Nadu Chennai , , Tamil Nadu | Disposed |
To see the full case history of Itema Weaving (India) 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 Itema Weaving (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Itema Weaving (India) Private Limited has a workforce of 42 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Itema Weaving (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCS5557F1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 33AAGCS5557F1ZB | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Itema Weaving (India) Private Limited, buy the company report.
Recent activity
Itema Weaving (India) Private Limited has 19 board changes on record since 2007: 4 appointments and 15 cessations. The latest: Roberto Adriano Rossoni ceased to be Additional Director on 25 Sep 2024.
10 earlier events are in the company report.
Frequently asked questions
Itema Weaving (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 24 June 2002 (24+ years old) and is registered under CIN U74999MH2002PTC136299.
Itema Weaving (India) has 4 current directors:
- Sameer Suresh Kulkarni - Managing Director
- Ugo Ghilardi - Director
- Roberto Adriano Rossoni - Director
- Ameet Rohidas Nayak - Director
The latest financial statements of Itema Weaving (India) 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 Itema Weaving (India) is 27AAGCS5557F1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAGCS5557F1ZB (Tamil Nadu).
The CIN (Corporate Identification Number) of Itema Weaving (India) is U74999MH2002PTC136299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itema Weaving (India) has 1 court case on record: 1 filed against it.
Itema Weaving (India) was incorporated on 24 June 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Roberto Adriano Rossoni ceased to be Additional Director on 25 Sep 2024. Sameer Suresh Kulkarni ceased to be Additional Director on 25 Sep 2024. Sameer Suresh Kulkarni was appointed as Managing Director on 14 Feb 2024. Itema Weaving (India) has 19 board changes on record in total.
Itema Weaving (India) can be reached through the website itemagroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Itema Weaving (India) is at Unit No. 672 7th Floor Bldg No. 6, Solitaire Corporate Park Andheri East, Mumbai, Maharashtra, India – 400093.
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