Cubatics Prrocessors India Private Limited
About Cubatics Prrocessors India Private Limited
Data last updated:
Cubatics Prrocessors India Private Limited is a private limited company based in Surat, Gujarat, India, a subsidiary of Cubatics Industries Private Limited. 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 23 January 2008.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2008PTC052714. Its GSTIN is 24AABCJ9389D1ZE (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.66 Cr. It was formerly known as J. B. Syntex Private Limited. It is led by directors including Pankaj Purushottam Bhattad (Irp/Rp/Liquidator) and Rakesh Sarawgi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at B – 25 Gujarat Eco Textile Park N.H.No.8 At & Po. Palsana Tal – Palsana, Surat, Gujarat, India – 394315.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.8 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹12.01 Cr (net margin -176.5%) and EBITDA of -₹9.66 Cr (EBITDA margin -142.1%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 36% over five years.
As per MCA filings, the company has open charges of ₹116.13 Cr and satisfied charges of ₹109.04 Cr on record. Court records list 61 cases involving the company, including 7 filed by the company and 54 filed against it; 18 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹21.71 Cr; the latest was in July 2022.
Company details
Contact details
Cubatics Prrocessors India Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 25 Gujarat Eco Textile Park N.H.No.8 At & Po. Palsana Tal – Palsana, Surat, Gujarat, India – 394315
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Cubatics Prrocessors 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 Cubatics Prrocessors India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Cubatics Prrocessors India Private Limited, buy the company report.
Financials of Cubatics Prrocessors India Private Limited
FY 2023 filings availableCubatics Prrocessors India Private Limited reported revenue of ₹6.8 Cr (down 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 88% fall in the latest year. EBITDA rose 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹9.66 Cr | ||||
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| Net Profit (PAT) | -₹12.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -142.1% | ||||
| Net Profit Margin | -176.5% | ||||
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To see the full financial statements and ratios of Cubatics Prrocessors India Private Limited, buy the company report.
Board of directors of Cubatics Prrocessors India Private Limited
Cubatics Prrocessors India has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Purushottam Bhattad Also directs: Finvin Turnaround and Restructuring Private Limited | Irp/Rp/Liquidator | 02 Jun 2025 | 1 Years 4 Months | As last reported |
| Rakesh Sarawgi Also directs: Cubatics Texfab Private Limited, Cubatics Industries Private Limited, Cubatics Knitting Private Limited and 4 more | Director | 25 Jul 2022 | 4 Years 3 Months | As last reported |
| Parwat Shekhawat | Director | 29 Jan 2024 | 2 Years 8 Months | As last reported |
Auditor
Cubatics Prrocessors India Private Limited is audited by SHALINI AND SANDIP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHALINI AND SANDIP | FY 2023 | 0133291WZ |
Shareholding
The shareholding of Cubatics Prrocessors India 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cubatics Prrocessors India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2024 | 101002520 | Others | ₹4 Cr | Open | |
| 03 Feb 2023 | 100682238 | Others | ₹53.28 Cr | Open | |
| 30 Jul 2022 | 100610853 | Axis Bank Limited | ₹2 Cr | Open | |
| 24 Jan 2022 | 100536547 | Others | ₹30 Cr | Open | |
| 23 Nov 2021 | 100516393 | Hdfc Bank Limited | ₹26.84 Cr | Open |
To see the full charge records of Cubatics Prrocessors India Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Cubatics Prrocessors India Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹21.71 Cr; the latest was in July 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Cubatics Industries Private Limited , Cubatics Industries Private Limited & Rakesh Sarwagi Seller: 4 individuals |
| Oct 2017 | Funding round | ₹8.43 Cr | Investors: Yashaswi Vyapaar Private Limited , 3 individuals |
| May 2017 | Funding round | ₹2.56 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2009 | Funding round | ₹5.76 Cr | Investors: Yashaswi Vyapaar Private Limited , Jay Bharat Dyeing & Printing Private Limited, 2 individuals |
To see the full deal history of Cubatics Prrocessors India 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
Cubatics Prrocessors India Private Limited has 61 court cases on record: 7 filed by Cubatics Prrocessors India, 54 filed against it. 18 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 53 | 15 |
| High courts | 5 | 0 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Bhavin Arvindbhai Bhatt Dir of Parth Dye Chem Pvt Ltd | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Vipul Rameshchandra Randeriya Poa of Briltex Industries LLP | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Comet Performance Chemicals Pvt Ltd | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by M/S Adarsh Coalhub LLP | Disposed |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed by the company against Bhavin Arvindbhai Bhatt Director of M/S. Parth Dye Chem Pvt. Ltd. | Disposed |
To see the full case history of Cubatics Prrocessors 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 Cubatics Prrocessors India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cubatics Prrocessors India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCJ9389D1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cubatics Prrocessors India Private Limited, buy the company report.
Recent activity
Cubatics Prrocessors India Private Limited has 12 board changes on record since 2009: 3 appointments and 9 cessations. The latest: Neeraj Kumar Bajaj ceased to be Irp/Rp/Liquidator on 02 Jun 2025.
24 earlier events are in the company report.
Frequently asked questions
Cubatics Prrocessors India 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.
Cubatics Prrocessors India is a company under insolvency, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 January 2008 and is registered under CIN U17120GJ2008PTC052714. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cubatics Prrocessors India has 3 current directors:
- Rakesh Sarawgi - Director
- Parwat Shekhawat - Director
- Pankaj Purushottam Bhattad - Irp/Rp/Liquidator
The latest financial statements of Cubatics Prrocessors India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Cubatics Prrocessors India is U17120GJ2008PTC052714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cubatics Prrocessors India has open charges of ₹116.13 Cr and satisfied charges of ₹109.04 Cr as per latest MCA filings.
Cubatics Prrocessors India has 61 court cases on record: 7 filed by the company and 54 filed against it. 18 are pending. Most are in the district courts.
Cubatics Prrocessors India was incorporated on 23 January 2008. It is registered with the Registrar of Companies, Ahmedabad.
Cubatics Prrocessors India has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹21.71 Cr; the latest was in July 2022.
Neeraj Kumar Bajaj ceased to be Irp/Rp/Liquidator on 02 Jun 2025. Pankaj Purushottam Bhattad was appointed as Irp/Rp/Liquidator on 02 Jun 2025. Parwat Shekhawat was appointed as Director on 29 Jan 2024. Cubatics Prrocessors India has 12 board changes on record in total.