Mahi Weaves Private Limited
About Mahi Weaves Private Limited
Data last updated:
Mahi Weaves Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 May 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17214GJ2014PTC079560. Its GSTIN is 24AAJCM2279F1ZG (Gujarat).
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹2.8 Cr. It is led by directors including Bhumiben Vipulbhai Moradiya and Jayesh Batukbhai Moradiya.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 415 To 419 Sunrise Int Textile Park, Surat, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.26 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Cr (net margin 3.5%) and EBITDA of ₹2.95 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹39.17 Cr and satisfied charges of ₹44.5 Lakh on record. Court records list 26 cases involving the company, including 26 filed against it; 19 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mahi Weaves Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No – 415 To 419 Sunrise Int Textile Park Limited Kareli, Olpad, Surat, Gujarat, India – 394130
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mahi Weaves Private 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 Mahi Weaves 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 Mahi Weaves Private Limited, buy the company report.
Financials of Mahi Weaves Private Limited
FY 2023 filings availableMahi Weaves Private Limited reported revenue of ₹29.26 Cr (up 22% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 22% growth in the latest year. EBITDA rose 52% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹29.26 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.02 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Mahi Weaves Private Limited, buy the company report.
Board of directors of Mahi Weaves Private Limited
Mahi Weaves has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhumiben Vipulbhai Moradiya | Director | 09 Jan 2020 | 6 Years 9 Months | Current |
| Jayesh Batukbhai Moradiya | Director | 09 Jan 2020 | 6 Years 9 Months | Current |
| Radhikaben Jayeshbhai Moradiya | Director | 09 Jan 2020 | 6 Years 9 Months | Current |
| Sunitaben Nileshkumar Moradiya | Director | 20 May 2014 | 12 Years 5 Months | Current |
Peer comparison
Mahi Weaves Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| S.R.G. Narrow Fab Limited | ₹29.37 Cr (FY 2024) | -4.0% | Surat, Gujarat, India | |||
| Chamundi Textiles (Silk Mills) Limited | ₹29.36 Cr (FY 2025) | -17.0% | Chennai, Tamil Nadu, India | |||
| Well Woven Textiles Private Limited | ₹29.35 Cr (FY 2024) | -17.0% | Solapur, Maharashtra, India | |||
| Colence International Private Limited | ₹29.27 Cr (FY 2024) | -36.0% | Delhi, India | |||
| Mahi Weaves Private Limitedthis company | ₹29.26 Cr (FY 2023) | ₹1.02 Cr | 3.5% | 22.0% | Surat, Gujarat, India | |
| K.T. Gray Cloth Private Limited | ₹29.26 Cr (FY 2025) | -1.0% | Meerut, Uttar Pradesh, India | |||
| Urbasy Apparels Private Limited | ₹29.21 Cr (FY 2024) | -41.0% | Mumbai, Maharashtra, India | |||
| S.A.M. Apparels Private Limited | ₹29.2 Cr (FY 2024) | -51.0% | Delhi, India |
To see the full peer comparison of Mahi Weaves Private Limited, buy the company report.
Auditor
Mahi Weaves Private Limited is audited by T. R. GAJIWALA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T. R. GAJIWALA & CO | FY 2023 | 180828 |
Shareholding
The shareholding of Mahi Weaves Private 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 Mahi Weaves Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2024 | 100946681 | Hdfc Bank Limited | ₹10.18 Lakh | Open | |
| 06 May 2023 | 100745477 | Hdfc Bank Limited | ₹18.62 Lakh | Open | |
| 03 Aug 2022 | 100603047 | Others | ₹5.3 Cr | Open | |
| 29 Jul 2022 | 100602859 | Others | ₹79.82 Lakh | Open | |
| 11 Feb 2022 | 100536072 | Others | ₹1.7 Cr | Open |
To see the full charge records of Mahi Weaves Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Mahi Weaves Private Limited has 26 court cases on record: 26 filed against it. 19 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 26 | 19 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Lalit Omprakash Jain Prop of Mahavir Textiles | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
To see the full case history of Mahi Weaves Private 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
Mahi Weaves Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 12 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arti Silk Mills Private Limited | |||
| Sai Satyam Texturisers | |||
| Lakhani Synthetics Pvt Ltd | |||
| an individual supplier | |||
| Sruti Filatex Private Limited |
To see the full MSME payment records of Mahi Weaves Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mahi Weaves has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM2279F1ZG | Gujarat | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Mahi Weaves Private Limited, buy the company report.
Recent activity
Mahi Weaves Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Bhumiben Vipulbhai Moradiya ceased to be Additional Director on 30 Dec 2020.
13 earlier events are in the company report.
Frequently asked questions
Mahi Weaves is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 May 2014 (12+ years old) and is registered under CIN U17214GJ2014PTC079560.
Mahi Weaves has 4 current directors:
- Bhumiben Vipulbhai Moradiya - Director
- Jayesh Batukbhai Moradiya - Director
- Radhikaben Jayeshbhai Moradiya - Director
- Sunitaben Nileshkumar Moradiya - Director
The latest financial statements of Mahi Weaves on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahi Weaves is 24AAJCM2279F1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahi Weaves is U17214GJ2014PTC079560. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahi Weaves has 26 court cases on record: 26 filed against it. 19 are pending.
Mahi Weaves was incorporated on 20 May 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mahi Weaves by revenue are S.R.G. Narrow Fab Limited, Chamundi Textiles (Silk Mills) Limited, Well Woven Textiles Private Limited, Colence International Private Limited, K.T. Gray Cloth Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bhumiben Vipulbhai Moradiya ceased to be Additional Director on 30 Dec 2020. Jayesh Batukbhai Moradiya ceased to be Additional Director on 30 Dec 2020. Radhikaben Jayeshbhai Moradiya ceased to be Additional Director on 30 Dec 2020. Mahi Weaves has 10 board changes on record in total.
Mahi Weaves has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 12 overdue payments to 12 micro and small suppliers. The latest return was filed on 08 Jun 2019.
The registered office of Mahi Weaves is at Plot No – 415 To 419 Sunrise Int Textile Park Limited Kareli, Olpad, Surat, Gujarat, India – 394130.
Mahi Weaves operates in the manufacturing industry, in the textile and fabric production segment.
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