About KSL and Industries Limited
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KSL and Industries Limited is a public limited company based in Silvassa, Dadra And Nagar Haveli, 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 11 January 1983.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17119DN1983PLC000074. Its GSTIN is 26AAACK4722E1ZX (Dadra and Nagar Haveli and Daman and Diu). The company holds 6 GST registrations, of which 5 are active. It is recorded as listed by MCA, but trading in its shares on BSE (530149) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹105 Cr and a paid-up capital of ₹40.27 Cr. It was formerly known as Krishna Texport and Capital Markets Ltd (Transfer Co.) and Ksl and Industries Limited(O/N Krishna Texport Industries. It is led by directors including Manojkumar Ramjee Sharma (Managing Director) and Manasi Indrajit Wadkar.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 69A Dhanu Udyog Industrial Area Piperia, Silvassa, Dadra and Nagar Haveli, India – 396230.
As per the financials filed for FY 2019, the company reported a revenue of ₹34.05 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹62.29 Cr (net margin -183%) and EBITDA of -₹3.27 Cr (EBITDA margin -9.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 51% over five years.
The company has about 30 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4,221.1 Cr and satisfied charges of ₹258 Cr on record. Court records list 536 cases involving the company, including 328 filed by the company and 209 filed against it; 72 cases are pending. The company has 3 deals on record (2 market trades, 1 funding round), with disclosed funding of ₹34.73 Cr; the latest was in September 2008. Its 9 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 4 smaller; the largest is Amar Jyoti Fashions Private Limited with revenue of ₹34.12 Cr.
The last known website on record is kslindustries.com.
Company details
Name history
KSL and Industries has undergone 4 name changes throughout its history. The current legal name is Ksl And Industries Limited.
| Company Name | Status |
|---|---|
| KSL and Industries Limited | Current |
| Krishna Texport And Capital Markets Ltd (Transfer Co.) | Previous |
| Ksl And Industries Limited(O/N Krishna Texport Industries | Previous |
| Krishna Texport Industries Limited | Previous |
| Ksl Realty And Infrastructure Limited | Previous |
CIN history
KSL and Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17119DN1983PLC000074, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17119DN1983PLC000074 | Current |
| U17119DN1994PLC000074 | Previous |
| U17119DN1983PLC000074 | Previous |
Contact details
KSL and Industries Limited's registered office is in Silvassa, Dadra And Nagar Haveli. Its website is kslindustries.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address69A Dhanu Udyog Industrial Area Piperia, Silvassa, Dadra and Nagar Haveli, India – 396230
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of KSL and Industries 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 KSL and Industries 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 KSL and Industries Limited, buy the company report.
Financials of KSL and Industries Limited
FY 2019 filings availableKSL and Industries Limited reported revenue of ₹34.05 Cr (down 78% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 78% fall in the latest year. EBITDA rose 93% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹34.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹62.29 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.6% | ||||
| Net Profit Margin | -183% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 KSL and Industries Limited, buy the company report.
Board of directors of KSL and Industries Limited
KSL and Industries has 5 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manojkumar Ramjee Sharma Also directs: Asahi Industries Limited | Managing Director | 28 Apr 2012 | 14 Years 5 Months | As last reported |
| Narayan Ramchandra Ghumatkar Also directs: Mori Hanol Hydro Power Limited | Additional Director | 20 Jun 2019 | 7 Years 4 Months | As last reported |
| Manasi Indrajit Wadkar Also directs: Asahi Industries Limited | Director | 07 Nov 2015 | 10 Years 11 Months | As last reported |
| Trivendra Shambhu Singh | Director | 27 Feb 2014 | 12 Years 7 Months | As last reported |
| Pravinkumar Mohanlal Parekh Also directs: Mori Hanol Hydro Power Limited, Pulgaon Cotton Mills Limited | Director | 25 Mar 2015 | 11 Years 6 Months | As last reported |
Peer comparison
KSL and Industries Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Amar Jyoti Fashions Private Limited | ₹34.12 Cr (FY 2024) | 17.0% | Surat, Gujarat, India | |||
| Shree Mahadeo Cotton Mills Ltd | ₹34.11 Cr (FY 2025) | -14.0% | Pusa Niwas, Bhilwara, Rajasthan, India | |||
| Opel Sulz Private Limited | ₹34.1 Cr (FY 2025) | -7.0% | Bhilwara, Rajasthan, India | |||
| B. B. Shah Private Limited | ₹34.1 Cr (FY 2025) | -42.0% | Area, Pali-Marwar, Rajasthan, India | |||
| SP Lifestyle Brands Private Limited | ₹34.07 Cr (FY 2024) | 12.0% | Pune, Maharashtra, India | |||
| KSL and Industries Limitedthis company | ₹34.05 Cr (FY 2019) | -₹62.29 Cr | -183% | -78.0% | 30 | Silvassa, Dadra And Nagar Haveli, India |
| Maa Ratanti Jute Industry Private Limited | ₹34.03 Cr (FY 2025) | Atrai, West Bengal, India | ||||
| Optimum Silk Mills Private Limited | ₹34.02 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| International Trimmings and Labels India Private Limited | ₹33.99 Cr (FY 2024) | 8.0% | Bangalore, Karnataka, India | |||
| Heera Moti Textiles (India) Private Limited | ₹33.96 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of KSL and Industries Limited, buy the company report.
Auditor
KSL and Industries Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHI SEKHRI AND ASSOCIATES | FY 2019 | 128216W |
Shareholding
The shareholding of KSL and Industries Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of KSL and Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2012 | 10387539 | Indian Overseas Bank | ₹4.23 Cr | Open | |
| 19 Oct 2011 | 10312357 | Allahabad Bank | ₹335.5 Cr | Open | |
| 11 Jul 2011 | 10303831 | Dena Bank | ₹10 Cr | Open | |
| 06 May 2011 | 10286063 | Oriental Bank of Commerce | ₹25 Cr | Open | |
| 30 Mar 2011 | 10280037 | Indian Overseas Bank | ₹33.4 Cr | Open |
To see the full charge records of KSL and Industries Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
KSL and Industries Limited has 3 deals on record (2 market trades, 1 funding round), with disclosed funding of ₹34.73 Cr; the latest was in September 2008.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2008 | Market trade | ₹28.7 Cr | Buyer: Goldman Sachs Investments Mauritius I Ltd Seller: Citigroup Global Markets Mauritius Pvt Ltd |
| Oct 2007 | Funding round | ₹34.73 Cr | Investors: Brand Capital, Television Eighteen India Limited |
| Nov 2006 | Market trade | ₹28.95 Cr | Buyer: Citigroup Global Markets Seller: Edc Securities Private Limited , Adc Securities Pvt. Ltd., an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
KSL and Industries Limited has 536 court cases on record: 328 filed by KSL and Industries, 209 filed against it. 72 cases are pending and 464 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 283 | 83 | 37 |
| District courts | 223 | 105 | 33 |
| Supreme Court | 15 | 13 | 1 |
| NCLT | 11 | 7 | 1 |
| NCLAT | 4 | 1 | 0 |
Cases on record (5 of 536)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S Reward Real Estate Company Limited THR Authorized Representative Shri Himanshu Ramswarup Arora | Pending |
| District court, Nagpur, Maharashtra | Court case (M.J.Cases) | Filed against the company by Tanvish Trading Pvt Ltd | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against GJ Freedom Fashions Limited, (Gini and Jony Limited) and 1 other | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Kiran Shah Resolution Professional of KSL and Industries Limited | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Suspended Management of KSL and Industries Limited - 1(A) Manasi Indrajit Wadkar and 6 others | Pending |
To see the full case history of KSL and Industries 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 KSL and Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
KSL and Industries has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kalameshvar Textile Mills Limited | U17110MH1979PLC022056 |
To see the full group structure of KSL and Industries Limited, buy the company report.
Employees & EPFO
KSL and Industries Limited has a workforce of 30 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
KSL and Industries has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACK4722E1ZX | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
| 26AAACK4722E2ZW | Dadra and Nagar Haveli and Daman and Diu | Active | 19 Apr 2021 |
| 02AAACK4722E1Z7 | Himachal Pradesh | Active | 01 Jul 2017 |
| 27AAACK4722E1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of KSL and Industries Limited, buy the company report.
Recent activity
KSL and Industries Limited has 54 board changes on record since 2001: 29 appointments and 25 cessations. The latest: Manojkumar Ramjee Sharma ceased to be Managing Director on 29 Mar 2022.
93 earlier events are in the company report.
Frequently asked questions
KSL and Industries 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.
KSL and Industries is a company under insolvency, formerly operating as a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 January 1983 and is registered under CIN L17119DN1983PLC000074. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
KSL and Industries has 5 current directors:
- Manojkumar Ramjee Sharma - Managing Director
- Narayan Ramchandra Ghumatkar - Additional Director
- Manasi Indrajit Wadkar - Director
- Trivendra Shambhu Singh - Director
- Pravinkumar Mohanlal Parekh - Director
The latest financial statements of KSL and Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of KSL and Industries is L17119DN1983PLC000074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
KSL and Industries is recorded as a listed company by MCA, but trading in its shares on BSE (530149) has been suspended, so they do not currently trade on a stock exchange.
KSL and Industries has open charges of ₹4,221.1 Cr and satisfied charges of ₹258 Cr as per latest MCA filings.
KSL and Industries has 536 court cases on record: 328 filed by the company and 209 filed against it. 72 are pending. Most are in the high courts.
KSL and Industries was incorporated on 11 January 1983. It is registered with the Registrar of Companies, Ahmedabad.
KSL and Industries has 3 deals on record (2 market trades, 1 funding round), with disclosed funding of ₹34.73 Cr; the latest was in September 2008.
The peers of KSL and Industries by revenue are Amar Jyoti Fashions Private Limited, Shree Mahadeo Cotton Mills Ltd, Opel Sulz Private Limited, B. B. Shah Private Limited, SP Lifestyle Brands Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).