MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0037689
Madhavtex Private Limited
Madhavtex Private Limited - appreal & fashion in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.14 Cr
▼ 47% YoY
Net loss · FY 2025
₹31.37 Lakh
Net margin -27.5%
EBITDA · FY 2025
-₹10.03 Lakh
EBITDA margin -8.8%
Authorised capital
₹55 Lakh
Registered with MCA
Paid-up capital
₹30.36 Lakh
Issued & subscribed
Open charges
₹2.21 Cr
Satisfied ₹2.9 Cr
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
About Madhavtex Private Limited
Data last updated:
Madhavtex Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 22 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1996PTC030250. Its GSTIN is 24AACCM7832K1ZB (Gujarat).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹30.36 Lakh. It is led by directors Vijay Gopalbhai Patel and Niraj Gopalbhai Patel (Officer In Default).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 65 Jay Industrial Estate 1 Ground Floor Anjana Outside Kamela Darwaja, Surat, Gujarat, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.14 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹31.37 Lakh (net margin -27.5%) and EBITDA of -₹10.03 Lakh (EBITDA margin -8.8%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 21% over five years.
As per MCA filings, the company has open charges of ₹2.21 Cr and satisfied charges of ₹2.9 Cr on record.
Madhavtex Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0037689). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24231GJ1996PTC030250
Registration Number 030250
Incorporation Date 22 July 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0037689
Recognitions & Rankings of Madhavtex
Contact details
Madhavtex Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address65 Jay Industrial Estate 1 Ground Floor Anjana Outside Kamela Darwaja, Surat, Gujarat, India
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Madhavtex Private Limited, buy the company report.
Comprehensive company report
Madhavtex Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Madhavtex 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 Madhavtex Private Limited, buy the company report.
Financials of Madhavtex Private Limited
FY 2025 filings availableMadhavtex Private Limited reported revenue of ₹1.14 Cr (down 47% YoY) for FY 2025.
Revenue · FY 2025
₹1.14 Cr ▼ 47%
Net loss · FY 2025
₹31.37 Lakh margin -27.5%
EBITDA · FY 2025
-₹10.03 Lakh margin -8.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▼ 31%
5 years · compounded
▼ 21%
EBITDA CAGR growth
1 year
▼ 141%
3 years · compounded
▼ 33%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 47% fall in the latest year. EBITDA fell 141% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹10.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹31.37 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.8% | ||||
| Net Profit Margin | -27.5% | ||||
| 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 Madhavtex Private Limited, buy the company report.
Board of directors of Madhavtex Private Limited
Madhavtex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Gopalbhai Patel Also directs: Madhav Fibres Pvt Ltd | Director | 22 Jul 1996 | 30 Years 3 Months | Current |
| Niraj Gopalbhai Patel Also directs: Madhav Fibres Pvt Ltd | Officer In Default | 12 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Madhavtex Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Madhavtex Private Limitedthis company | ₹1.14 Cr (FY 2025) | -₹31.37 Lakh | -27.5% | -47.0% | Surat, Gujarat, India | |
| House of Threads Private Limited | ₹1.14 Cr (FY 2024) | 43.0% | Indore, Madhya Pradesh, India | |||
| Sajjan Syntex Private Limited | ₹1.14 Cr (FY 2021) | 10.0% | Bhilwara, Rajasthan, India | |||
| H.V.Synthetics Private Limited | ₹1.14 Cr (FY 2020) | -64.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Madhavtex Private Limited, buy the company report.
Auditor
Madhavtex Private Limited is audited by Ashok M Agrawal & Company for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok M Agrawal & Company | FY 2017 | 35812 |
Shareholding
The shareholding of Madhavtex Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Madhavtex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.21 Cr
Satisfied charges
₹2.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2026 | 101237578 | The South Indian Bank Limited | ₹2.2 Lakh | Open | |
| 31 Jan 2026 | 101232483 | Others | ₹43.5 Lakh | Open | |
| 31 May 2019 | 100271217 | Others | ₹1.75 Cr | Open | |
| 22 Oct 2013 | 10455664 | Rajkot Nagarik Sahakari Bank Limited | ₹1.25 Cr | Satisfied | |
| 29 May 2008 | 10165265 | The Sutex Co-Operative Bank Limited | ₹16 Lakh | Satisfied |
To see the full charge records of Madhavtex Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
No court or tribunal cases involving Madhavtex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madhavtex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madhavtex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCM7832K1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhavtex Private Limited, buy the company report.
Recent activity
Madhavtex Private Limited has 3 board changes on record since 1996: 2 appointments and 1 cessation. The latest: Niraj Gopalbhai Patel was appointed as Officer In Default on 12 Mar 2024.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 2.20 Lakh with Charge ID 101237578 was registered on 18 Feb 2026.
Charges
A charge with Others amounted to Rs. 43.50 Lakh with Charge ID 101232483 was registered on 31 Jan 2026.
AGM
Madhavtex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Madhavtex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 175.00 Lakh registered on 31 May 2019 with Charge ID 100271217 was modified on 05 Feb 2025.
Appointed
Niraj Gopalbhai Patel was appointed as Officer In Default.
Charges
A charge registered on 22 Oct 2013 via Charge ID 10455664 with Rajkot Nagarik Sahakari Bank Limited was fully satisfied on 26 Jul 2019.
Charges
A charge with Others amounted to Rs. 175.00 Lakh with Charge ID 100271217 was registered on 31 May 2019.
Charges
A charge with Rajkot Nagarik Sahakari Bank Limited of Rs. 125.00 Lakh registered on 22 Oct 2013 with Charge ID 10455664 was modified on 30 Jul 2014.
Charges
A charge with Rajkot Nagarik Sahakari Bank Limited amounted to Rs. 125.00 Lakh with Charge ID 10455664 was registered on 22 Oct 2013.
Charges
A charge registered on 29 May 2008 via Charge ID 10165265 with The Sutex Co-Operative Bank Limited was fully satisfied on 08 Mar 2011.
Charges
A charge registered on 28 Feb 2008 via Charge ID 10092130 with The Sutex Co-Operative Bank Limited was fully satisfied on 08 Mar 2011.
13 earlier events are in the company report.
Frequently asked questions
Madhavtex is an active private limited company based in Surat, Gujarat, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 22 July 1996 (30+ years old) and is registered under CIN U24231GJ1996PTC030250.
Madhavtex has 2 current directors:
- Vijay Gopalbhai Patel - Director
- Niraj Gopalbhai Patel - Officer In Default
The latest financial statements of Madhavtex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhavtex is 24AACCM7832K1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Madhavtex is U24231GJ1996PTC030250. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhavtex was incorporated on 22 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Madhavtex by revenue are House of Threads Private Limited, Sajjan Syntex Private Limited, H.V.Synthetics Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Niraj Gopalbhai Patel was appointed as Officer In Default on 12 Mar 2024. Gopalbhai Thakarshibhai Patel ceased to be Director on 30 Nov 2010. Vijay Gopalbhai Patel was appointed as Director on 22 Jul 1996.
Yes, Madhavtex is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0037689).
The registered office of Madhavtex is at 65 Jay Industrial Estate 1 Ground Floor Anjana Outside Kamela Darwaja, Surat, Gujarat, India.
Madhavtex operates in the apparel and fashion industry, in the leather segment.
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