About Karnataka State Textile Infrastructure Development Corporation Limited.
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Karnataka State Textile Infrastructure Development Corporation Limited. is a public limited state government company based in Belgaum, Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 09 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17100KA1994SGC015213. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.22 Cr. It was formerly known as Karnataka State Powerloom Development Corporation Limited. It is led by directors including Laxman Talawar (Managing Director) and Vinothpriya Ramaiah.
Its last annual general meeting (AGM) was held on 28 February 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Belgaum, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.94 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹3.9 Lakh (net margin 1.3%) and EBITDA of ₹60.86 Lakh (EBITDA margin 20.7%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 24% over five years.
Court records list 3 cases involving the company, including 1 filed by the company and 2 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 kstidcl.org.
Company details
CIN history
Karnataka State Textile Infrastructure Development Corporation Limited has one previous CIN (Corporate Identification Number): U99999KA1994SGC015213. The current CIN is U17100KA1994SGC015213, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100KA1994SGC015213 | Current |
| U99999KA1994SGC015213 | Previous |
Contact details
Karnataka State Textile Infrastructure Development Corporation Limited.'s registered office is in Belgaum, Karnataka. Its website is kstidcl.org. Its e-mail address is in the company report.
- Email
- Website
- Registered Address#Tp 11 & 12 Ground Floor, Suvarna Vidhana Soudha, Belgaum, Karnataka, India – 590020
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Karnataka State Textile Infrastructure Development Corporation 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 Karnataka State Textile Infrastructure Development Corporation Limited is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies |
To see the full business activity and turnover split of Karnataka State Textile Infrastructure Development Corporation Limited., buy the company report.
Financials of Karnataka State Textile Infrastructure Development Corporation Limited.
FY 2024 filings availableKarnataka State Textile Infrastructure Development Corporation Limited. reported revenue of ₹2.94 Cr (down 70% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 70% fall in the latest year. EBITDA rose 154% 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 | ₹60.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.9 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.7% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Karnataka State Textile Infrastructure Development Corporation Limited., buy the company report.
Board of directors of Karnataka State Textile Infrastructure Development Corporation Limited.
Karnataka State Textile Infrastructure Development Corporation Limited has 7 current directors and 79 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinothpriya Ramaiah | Nominee Director | 21 Jun 2025 | 1 Years 4 Months | Current |
| Arul Kumar | Nominee Director | 13 Dec 2022 | 3 Years 10 Months | Current |
| Krishnamurthy Jyothi | Nominee Director | 04 Jul 2024 | 2 Years 3 Months | Current |
| Rohini Dasari Sindhuri | Nominee Director | 10 Oct 2025 | 1 Years 0 Months | Current |
| Guddadahalli Venkataramanappa Balaji | Nominee Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Krishnappa Chethan | Nominee Director | 26 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Karnataka State Textile Infrastructure Development Corporation Limited. is audited by GNANOBA & BHAT for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GNANOBA & BHAT | FY 2023 | 0009395 |
Shareholding
The shareholding of Karnataka State Textile Infrastructure Development Corporation 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 Karnataka State Textile Infrastructure Development Corporation Limited., buy the company report.
Legal cases
Karnataka State Textile Infrastructure Development Corporation Limited. has 3 court cases on record: 1 filed by Karnataka State Textile Infrastructure Development Corporation Limited, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, CHITRADURGA, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Karnataka State Textile Infrastructure Development Corporation 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 Karnataka State Textile Infrastructure Development Corporation Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnataka State Textile Infrastructure Development Corporation Limited has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karnataka State Textile Infrastructure Development Corporation Limited., buy the company report.
Recent activity
Karnataka State Textile Infrastructure Development Corporation Limited. has 88 board changes on record since 2008: 9 appointments and 79 cessations. The latest: Bantanahally Ramachandra Yogish ceased to be Managing Director on 05 Nov 2025.
79 earlier events are in the company report.
Frequently asked questions
Karnataka State Textile Infrastructure Development Corporation Limited is an active public limited state government company based in Belgaum, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 09 February 1994 (32+ years old) and is registered under CIN U17100KA1994SGC015213.
Karnataka State Textile Infrastructure Development Corporation Limited has 7 current directors:
- Laxman Talawar - Managing Director
- Vinothpriya Ramaiah - Nominee Director
- Arul Kumar - Nominee Director
- Krishnamurthy Jyothi - Nominee Director
- Rohini Dasari Sindhuri - Nominee Director
- Guddadahalli Venkataramanappa Balaji - Nominee Director
- Krishnappa Chethan - Nominee Director
The latest financial statements of Karnataka State Textile Infrastructure Development Corporation Limited on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 February 2025. Year-wise statements from 2015 are in the company report.
No. Karnataka State Textile Infrastructure Development Corporation Limited has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karnataka State Textile Infrastructure Development Corporation Limited is U17100KA1994SGC015213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka State Textile Infrastructure Development Corporation Limited has 3 court cases on record: 1 filed by the company and 2 filed against it.
Karnataka State Textile Infrastructure Development Corporation Limited was incorporated on 09 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
Bantanahally Ramachandra Yogish ceased to be Managing Director on 05 Nov 2025. Laxman Talawar was appointed as Managing Director on 05 Nov 2025. Rohini Dasari Sindhuri was appointed as Nominee Director on 10 Oct 2025. Karnataka State Textile Infrastructure Development Corporation Limited has 88 board changes on record in total.
Karnataka State Textile Infrastructure Development Corporation Limited can be reached through the website kstidcl.org. Its registered office is in Belgaum, Karnataka, India.
The registered office of Karnataka State Textile Infrastructure Development Corporation Limited is at #Tp 11 & 12 Ground Floor, Suvarna Vidhana Soudha, Belgaum, Karnataka, India – 590020.
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