Maharashtra State Textile Corporation Limited Company Logo

Maharashtra State Textile Corporation Limited - Company Profile

It is a manufacturing public limited state government company based in Mumbai, Maharashtra, India, established in 1966.

1966 | Mumbai, Maharashtra, India | Active
Last Updated:

About Maharashtra State Textile Corporation Limited

Maharashtra State Textile Corporation Limited, a active public limited state government company, was established on 06 September 1966 in Mumbai, Maharashtra, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U17120MH1966SGC013568. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹240.00 Cr and a paid-up capital of ₹236.16 Cr.

It upholds a compliant status. Its leadership includes Shrikrishna Baburao Pawar (Managing Director), Gauri Rahul Mhaske (Director), Sanjay Bhayyaji Daine (Director). Past directors included Deepak Shivajirao Desai, Ramrao Nagorao Shingare, Sudhir Yeshwant Kursange. It holds ₹10.08 Cr open charges and ₹36.42 Cr settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at 9A, Floor-3, Plot-7, Chemox House, Barrack Road, Bombay Hospital, New Marine Lines, Mumbai, Maharashtra, 400020.

Company Details

  • CIN/LLPIN

    U17120MH1966SGC013568

  • Registration Number

    013568

  • Incorporation Date

    06 September 1966

  • Authorized Capital

    ₹240.00 Cr

  • Paid-Up Capital

    ₹236.16 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 240.00 Cr
  • Paid Up Capital ₹ 236.16 Cr
  • Company Age 59 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 10.08 Cr
  • Satisfied Charges ₹ 36.42 Cr
  • Revenue Growth 25.18%
  • Profit Growth 1.93%
  • Ebitda -12.50%
  • Net Worth -3.84%
  • Total Assets 5.57%
Company report

Maharashtra State Textile Corporation Limited

Company Report FY 2025-2026

Explore comprehensive insights into Maharashtra State Textile Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maharashtra State Textile Corporation Limited?

Current Directors

NameDesignationAppointment DateStatus
Shrikrishna Baburao PawarManaging Director08 Mar 2023Current
Gauri Rahul MhaskeDirector28 Dec 2017Current
Sanjay Bhayyaji DaineDirector25 Dec 2024Current
Chitra Ravindra BisenNominee Director01 Aug 2025Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddManaging Director26 Aug 2019Past
Pramod AbcsddDirector29 Aug 2012Past
Pramod AbcsddDirector07 Oct 2014Past
Pramod AbcsddDirector06 Mar 2020Past
Pramod AbcsddDirector20 Jun 2011Past
Pramod AbcsddDirector25 Sep 2008Past

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Financial Performance of Maharashtra State Textile Corporation.

Maharashtra State Textile Corporation Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 25.18% increase. The company also saw a slight improvement in profitability, with a 1.93% increase in profit. The company's net worth dipped by a decrease of 3.84%.

Maharashtra State Textile Corporation revenue growth over time
Maharashtra State Textile Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
25.18%
Revenue from Operations
Total Assets
5.57%
Profit or Loss
1.93%
Net Worth
-3.84%
EBITDA
-12.50%

What is the Ownership and Shareholding Structure of Maharashtra State Textile Corporation?

In 2022, Maharashtra State Textile Corporation had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹100,800,000.00

Satisfied Charges

₹364,207,000.00

Charges Breakdown by Lending Institutions

  • Bank Of India : 5.82 Cr
  • State Bank Of India : 2.26 Cr
  • Central Bank Of India : 1.50 Cr
  • Dena Bank : 0.50 Cr

Latest Charge Details

DateLenderAmountStatus
31 Dec 1984State Bank Of India₹1.13 CrOpen
03 Dec 1984State Bank Of India₹1.00 MOpen
15 Jun 1984Bank Of India₹2.91 CrOpen
16 May 1984Bank Of India₹2.91 CrOpen
15 Apr 1983State Bank Of India₹1.00 MOpen

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How Many Employees Work at Maharashtra State Textile Corporation?

Maharashtra State Textile Corporation has a workforce of 0 employees as of Oct 24, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Maharashtra State Textile Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra State Textile Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra State Textile Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Maharashtra State Textile Corporation

Recent Activity within the Organization

  • Director Appointment

    Chitra Ravindra Bisen was appointed as a Nominee Director was appointed as a Nominee Director on 01 Aug 2025 & has been associated with this company since 3 months 28 days . was recorded as a recent event.

  • Director Appointment

    Progress on Sanjay Bhayyaji Daine was appointed as a Director was appointed as a Director on 25 Dec 2024 & has been associated with this company since 11 months 3 days . was documented.

  • Annual General Meeting

    Progress on Maharashtra State Textile Corporation Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    The activity Maharashtra State Textile Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Director Appointment

    Progress on Shrikrishna Baburao Pawar was appointed as a Managing Director was appointed as a Managing Director on 08 Mar 2023 & has been associated with this company since 2 years 8 months . was documented.

  • Director Appointment

    Gauri Rahul Mhaske was appointed as a Director was appointed as a Director on 28 Dec 2017 & has been associated with this company since 7 years 11 months . was recorded as a recent event.

Frequently Asked Questions

  • What is the CIN of Maharashtra State Textile Corporation Limited?

    The CIN of Maharashtra State Textile Corporation Limited is U17120MH1966SGC013568.

  • Where is Maharashtra State Textile Corporation Limited headquartered?

    Maharashtra State Textile Corporation Limited is headquartered at 9A, Floor-3, Plot-7, Chemox House, Barrack Road, Bombay Hospital, New Marine Lines, Mumbai, Maharashtra, 400020.

  • When was Maharashtra State Textile Corporation Limited incorporated?

    Maharashtra State Textile Corporation Limited was incorporated on 06 September 1966.

  • Who are the current directors of Maharashtra State Textile Corporation Limited?

    The current directors of Maharashtra State Textile Corporation Limited are

  • What is the primary industry of Maharashtra State Textile Corporation Limited?

    The primary industry of Maharashtra State Textile Corporation Limited is Manufacturing.

  • Is Maharashtra State Textile Corporation Limited a listed company?

    Maharashtra State Textile Corporation Limited is unlisted.

  • What is the capital structure of Maharashtra State Textile Corporation Limited?

    The authorized capital of Maharashtra State Textile Corporation Limited is ₹240.00 Cr, and the paid-up capital is ₹236.16 Cr.

  • What is the compliance status of Maharashtra State Textile Corporation Limited?

    The compliance status of Maharashtra State Textile Corporation Limited is Compliant.

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