About J C T Limited
Data last updated:
J C T Limited is a public limited company based in Phagwara, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 October 1946.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L17117PB1946PLC004565. Its GSTIN is 03AAACJ6733E1ZZ (Punjab). The company holds 10 GST registrations, of which 4 are active. It is recorded as listed by MCA, but trading in its shares on BSE (500223) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹217.08 Cr. It was formerly known as Jagatjit Cotton Textile Mills Limited. It is led by directors including Samir Thapar (Managing Director) and Mukulika Sinha (Whole-Time Director).
Its last annual general meeting (AGM) was held on 21 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at G.T. Road Phagwara, Distt. Kapurthala, Punjab, India – 144401.
As per the financials filed for FY 2023, the company reported a revenue of ₹653.08 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹85.36 Cr (net margin -13.1%) and EBITDA of -₹29.81 Cr (EBITDA margin -4.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company has about 673 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: JCT Fabrics. As per MCA filings, the company has open charges of ₹310.72 Cr and satisfied charges of ₹1,495.42 Cr on record. Court records list 133 cases involving the company, including 73 filed by the company and 60 filed against it; 16 cases are pending.
The last known website on record is jct.co.in.
Company details
CIN history
J C T has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17117PB1946PLC004565, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17117PB1946PLC004565 | Current |
| L17117PB1970PLC004565 | Previous |
| U17117PB1946PLC004565 | Previous |
Contact details
J C T Limited's registered office is in Phagwara, Punjab. Its website is jct.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG.T. Road Phagwara, Distt. Kapurthala, Punjab, India – 144401
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of J C T 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
J C T operates one associated brand: JCT Fabrics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Contract manufacturing of textiles is handled by JCT in India. | jcttextiles.com |
Business activity
The main business activity of J C T is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of J C T Limited, buy the company report.
Financials of J C T Limited
FY 2023 filings availableJ C T Limited reported revenue of ₹653.08 Cr (down 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 23% fall in the latest year. EBITDA fell 140% 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 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 | ₹653.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹29.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹85.36 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 | -4.6% | ||||
| Net Profit Margin | -13.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of J C T Limited, buy the company report.
Board of directors of J C T Limited
J C T has 4 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samir Thapar Also directs: KCT Textiles Limited, Provestment Securities Pvt. Ltd. | Managing Director | 02 Jun 1994 | 32 Years 4 Months | As last reported |
| Mamta Kumari | Nominee Director | 29 Nov 2022 | 3 Years 10 Months | As last reported |
| Mukulika Sinha | Whole-Time Director | 17 Dec 2023 | 2 Years 10 Months | As last reported |
| Ronnie Baath | Director | 07 Feb 2024 | 2 Years 8 Months | As last reported |
Peer comparison
J C T Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Orient Fashion Exports (India) Private Limited | ₹669.2 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| BSL Ltd | ₹667.78 Cr (FY 2025) | 0.0% | Bhilwara, Rajasthan, India | |||
| The Rajlakshmi Cotton Mills Private Limited | ₹666.67 Cr (FY 2025) | 34.0% | Kolkata, West Bengal, India | |||
| Salona Cotspin Limited | ₹662.31 Cr (FY 2025) | -8.0% | Sathyamangalam, Tamil Nadu, India | |||
| Maf Clothing Private Limited | ₹662.22 Cr (FY 2025) | 21.0% | Bangalore, Karnataka, India | |||
| J C T Limitedthis company | ₹653.08 Cr (FY 2023) | -₹85.36 Cr | -13.1% | -23.0% | 673 | Phagwara, Punjab, India |
| Pashupati Cotspin Limited | ₹650.91 Cr (FY 2025) | -3.0% | Kadi, Gujarat, India | |||
| Sri Saravana Mills Private Limited | ₹647.92 Cr (FY 2025) | 19.0% | Vedasandur, Tamil Nadu, India | |||
| Creative Garments Private Limited | ₹644.62 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of J C T Limited, buy the company report.
Auditor
J C T Limited is audited by S.P. Chopra & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P. Chopra & Co. | FY 2023 | 000346N |
Shareholding
The shareholding of J C T 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 J C T Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2022 | 100600129 | State Bank of India | ₹9 Cr | Open | |
| 31 May 2022 | 100587347 | Hdfc Bank Limited | ₹39.49 Lakh | Open | |
| 09 Mar 2022 | 100549393 | Others | ₹3.38 Cr | Open | |
| 08 Feb 2022 | 100549404 | Others | ₹1.83 Cr | Open | |
| 30 Dec 2021 | 100539090 | Others | ₹56 Lakh | Open |
To see the full charge records of J C T Limited, buy the company report.
Total charge records: 45 View all charges
Legal cases
J C T Limited has 133 court cases on record: 73 filed by J C T, 60 filed against it. 16 cases are pending and 117 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 79 | 39 | 16 |
| High courts | 42 | 14 | 0 |
| Supreme Court | 11 | 6 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 133)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by M/S Hitesh Yarn Agency Pvt Ltd | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed against the company by Sri Gomuki Tex Chem P Ltd | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed against the company by Ms Loyal Textile Mills Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by G S Exports Pvt Ltd | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S Loyal Textile Mills Ltd., Represented by G.Subramanian | Disposed |
To see the full case history of J C T 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.
Credit ratings & regulatory alerts
J C T Limited was last rated by Care on 05 Jan 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Jan 2023 |
To see the full credit ratings and regulatory alerts of J C T Limited, buy the company report.
MSME payment delays
J C T Limited has 20 MSME Form 1 returns on record between 2018 and 2023, listing 14,705 overdue payments to 333 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 333)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Laxminarain Visambharnath. | |||
| Super Cones India Private Limited | |||
| Aeon Commercial India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of J C T Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
J C T Limited has a workforce of 673 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
J C T has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACJ6733E1ZZ | Punjab | Active | 01 Jul 2017 |
| 09AAACJ6733E2ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAACJ6733E1ZV | Gujarat | Active | 01 Jul 2017 |
| 27AAACJ6733E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of J C T Limited, buy the company report.
Recent activity
J C T Limited has 56 board changes on record since 1994: 30 appointments and 26 cessations. The latest: Apurve Mehra ceased to be Director on 25 Sep 2024.
156 earlier events are in the company report.
Frequently asked questions
J C T is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
J C T is a company under insolvency, formerly operating as a public limited company based in Phagwara, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 October 1946 and is registered under CIN L17117PB1946PLC004565. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
J C T has 4 current directors:
- Samir Thapar - Managing Director
- Mukulika Sinha - Whole-Time Director
- Mamta Kumari - Nominee Director
- Ronnie Baath - Director
The latest financial statements of J C T on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 21 August 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of J C T is L17117PB1946PLC004565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J C T is recorded as a listed company by MCA, but trading in its shares on BSE (500223) has been suspended, so they do not currently trade on a stock exchange.
J C T has open charges of ₹310.72 Cr and satisfied charges of ₹1,495.42 Cr as per latest MCA filings.
J C T has 133 court cases on record: 73 filed by the company and 60 filed against it. 16 are pending. Most are in the district courts.
J C T was incorporated on 28 October 1946. It is registered with the Registrar of Companies, Chandigarh.
The peers of J C T by revenue are Orient Fashion Exports (India) Private Limited, BSL Ltd, The Rajlakshmi Cotton Mills Private Limited, Salona Cotspin Limited, Maf Clothing Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Apurve Mehra ceased to be Director on 25 Sep 2024. Shivani Bansal ceased to be Director on 25 Sep 2024. Apurve Mehra was appointed as Director on 30 May 2024. J C T has 56 board changes on record in total.
J C T has 20 MSME Form 1 returns on record between 2018 and 2023, listing 14,705 overdue payments to 333 micro and small suppliers. The latest return was filed on 31 Aug 2023.