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
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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 Siva Sankar Pujari (Director), Shrikrishna Baburao Pawar (Managing Director), Gauri Rahul Mhaske (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
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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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 Metrics
  • Authorised Capital ₹ 240.00 Cr
  • Paid Up Capital ₹ 236.16 Cr
  • Company Age 59 Year, 5 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

Comprehensive Company Insights

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
Name Designation Appointment Date Status
Siva Sankar Pujari Director 19 Nov 2022 Current
Shrikrishna Baburao Pawar Managing Director 08 Mar 2023 Current
Gauri Rahul Mhaske Director 28 Dec 2017 Current
Sanjay Bhayyaji Daine Director 25 Dec 2024 Current
Chitra Ravindra Bisen Nominee Director 01 Aug 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 26 Aug 2019 Past
Pramod Abcsdd Director 29 Aug 2012 Past
Pramod Abcsdd Director 07 Oct 2014 Past
Pramod Abcsdd Director 06 Mar 2020 Past
Pramod Abcsdd Director 20 Jun 2011 Past
Pramod Abcsdd Director 25 Sep 2008 Past

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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
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • 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
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 25.18%
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Revenue from Operations
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Total Assets
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 5.57%
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Profit or Loss
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 1.93%
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Net Worth
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 -3.84%
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EBITDA
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 -12.50%
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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 Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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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
Date Lender Amount Status
31 Dec 1984 State Bank Of India ₹1.13 Cr Open
03 Dec 1984 State Bank Of India ₹1.00 M Open
15 Jun 1984 Bank Of India ₹2.91 Cr Open
16 May 1984 Bank Of India ₹2.91 Cr Open
15 Apr 1983 State Bank Of India ₹1.00 M Open

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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 Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
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.

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Latest Updates, News, and FAQs on Maharashtra State Textile Corporation
Recent Activity within the Organization
  • Director Appointment

    The activity 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 6 months 27 days . was completed.

  • 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 1 year 2 months . 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

    Progress on Maharashtra State Textile Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.

  • 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 11 months . was documented.

  • Director Appointment

    Siva Sankar Pujari was appointed as a Director was appointed as a Director on 19 Nov 2022 & has been associated with this company since 3 years 3 months . was recorded as a recent event.

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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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