About J.J.Towels Private Limited
Data last updated:
J.J.Towels Private Limited is a private limited company based in Solapur, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17290PN2007PTC130313. Its GSTIN is 27AADCJ4710E1ZX (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors including Siddheshwar Irappa Gaddam and Pentappa Irappa Gaddam.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at E – 1/2 M.I.D.C. Akkalkot Road, Solapur, Maharashtra, India – 413006.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.93 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹57.3 Lakh (net margin 1.3%) and EBITDA of ₹84.44 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jjtowels. As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jjtowels.com.
Company details
Contact details
J.J.Towels Private Limited's registered office is in Solapur, Maharashtra. Its website is jjtowels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE – 1/2 M.I.D.C. Akkalkot Road, Solapur, Maharashtra, India – 413006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of J.J.Towels 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
J.J.Towels operates one associated brand: Jjtowels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| jjtowels.com |
Business activity
The main business activity of J.J.Towels 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 J.J.Towels Private Limited, buy the company report.
Financials of J.J.Towels Private Limited
FY 2024 filings availableJ.J.Towels Private Limited reported revenue of ₹42.93 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 41% 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 | ₹84.44 Lakh | ||||
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| Net Profit (PAT) | ₹57.3 Lakh | ||||
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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 | 2% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of J.J.Towels Private Limited, buy the company report.
Board of directors of J.J.Towels Private Limited
J.J.Towels has 9 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddheshwar Irappa Gaddam | Director | 15 May 2015 | 11 Years 5 Months | Current |
| Pentappa Irappa Gaddam | Director | 14 Jun 2007 | 19 Years 4 Months | Current |
| Suhas Lakshminarayan Gaddam | Director | 15 May 2015 | 11 Years 5 Months | Current |
| Laxmikant Laxminarayan Gaddam | Director | 15 May 2015 | 11 Years 5 Months | Current |
| Laxminarayan Laxmipati Gaddam Also directs: Antariksh Multicons Private Limited | Director | 14 Jun 2007 | 19 Years 4 Months | Current |
| Satyanarayan Irappa Gaddam | Director | 15 May 2015 | 11 Years 5 Months | Current |
Auditor
J.J.Towels Private Limited is audited by L R SHERAL AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L R SHERAL AND COMPANY | FY 2023 | 039775 |
Shareholding
The shareholding of J.J.Towels 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 J.J.Towels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2018 | 100187715 | Others | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
J.J.Towels Private Limited has 1 court case on record: 1 filed by J.J.Towels. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against M/S. Vinayak Hosiery Prop. Devandra Ahuja | Pending |
To see the full case history of J.J.Towels 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 J.J.Towels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
J.J.Towels Private Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
J.J.Towels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCJ4710E1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of J.J.Towels Private Limited, buy the company report.
Recent activity
J.J.Towels Private Limited has 11 board changes on record since 2007: 10 appointments and 1 cessation. The latest: Irappa Laxmipati Gaddam ceased to be Director on 25 Oct 2019.
3 earlier events are in the company report.
Frequently asked questions
J.J.Towels is an active private limited company based in Solapur, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 June 2007 (19+ years old) and is registered under CIN U17290PN2007PTC130313.
J.J.Towels has 9 current directors:
- Siddheshwar Irappa Gaddam - Director
- Pentappa Irappa Gaddam - Director
- Suhas Lakshminarayan Gaddam - Director
- Laxmikant Laxminarayan Gaddam - Director
- Laxminarayan Laxmipati Gaddam - Director
- Satyanarayan Irappa Gaddam - Director
- Sagar Satyanarayan Gaddam - Director
- Sandeep Pentappa Gaddam - Director
- Shailesh Siddheshwar Gaddam - Director
The latest financial statements of J.J.Towels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of J.J.Towels is 27AADCJ4710E1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of J.J.Towels is U17290PN2007PTC130313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J.J.Towels has 1 court case on record: 1 filed by the company. 1 is pending.
J.J.Towels was incorporated on 14 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Irappa Laxmipati Gaddam ceased to be Director on 25 Oct 2019. Irappa Laxmipati Gaddam was appointed as Director on 15 May 2015. Laxmikant Laxminarayan Gaddam was appointed as Director on 15 May 2015. J.J.Towels has 11 board changes on record in total.
J.J.Towels can be reached through the website jjtowels.com. Its registered office is in Solapur, Maharashtra, India.
The registered office of J.J.Towels is at E – 12 M.I.D.C. Akkalkot Road, Solapur, Maharashtra, India – 413006.
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