Mangalagiri Textile Mills Private Limited
About Mangalagiri Textile Mills Private Limited
Data last updated:
Mangalagiri Textile Mills Private Limited is a private limited company based in Guntur, Andhra Pradesh, 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 24 March 2006.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U17110AP2006PTC049607. Its GSTIN is 37AAECM7253Q1ZR (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹17 Cr. It is led by directors including Goli Nagasaina Rao (Managing Director) and Eswara Rao Immaneni (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at China Kakani Village Mangalagiri Mandal, Guntur, Andhra Pradesh, India – 522503.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.06 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹4.41 Cr (net margin -214.2%) and EBITDA of -₹28.22 Lakh (EBITDA margin -13.7%).
As per MCA filings, the company has open charges of ₹26.9 Cr on record. Court records list 47 cases involving the company, including 30 filed by the company and 18 filed against it; 12 cases are pending.
Company details
Contact details
Mangalagiri Textile Mills Private Limited's registered office is in Guntur, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressChina Kakani Village Mangalagiri Mandal, Guntur, Andhra Pradesh, India – 522503
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mangalagiri Textile Mills 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 Mangalagiri Textile Mills 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 Mangalagiri Textile Mills Private Limited, buy the company report.
Financials of Mangalagiri Textile Mills Private Limited
FY 2018 filings availableMangalagiri Textile Mills Private Limited reported revenue of ₹2.06 Cr (down 71% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year. EBITDA rose 86% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.06 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹28.22 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.41 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -13.7% | |||
| Net Profit Margin | -214.2% | |||
| 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 Mangalagiri Textile Mills Private Limited, buy the company report.
Board of directors of Mangalagiri Textile Mills Private Limited
Mangalagiri Textile Mills has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Goli Nagasaina Rao | Managing Director | 24 Mar 2006 | 20 Years 7 Months | As last reported |
| Madhusudhana Rao Thiruveedula | Additional Director | 06 Jun 2018 | 8 Years 5 Months | As last reported |
| Eswara Rao Immaneni | Irp/Rp/Liquidator | 11 Sep 2024 | 2 Years 2 Months | As last reported |
Peer comparison
Mangalagiri Textile Mills 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 |
|---|---|---|---|---|---|---|
| SRCC Polyfab Private Limited | ₹2.06 Cr (FY 2025) | 15.0% | Rayagada, Odisha, India | |||
| Mangalagiri Textile Mills Private Limitedthis company | ₹2.06 Cr (FY 2018) | -₹4.41 Cr | -214.2% | -71.0% | Guntur, Andhra Pradesh, India | |
| Garment Accessories Private Limited | ₹2.05 Cr (FY 2025) | 72.0% | Mumbai, Maharashtra, India | |||
| P.L Neiza Industries Private Limited | ₹2.05 Cr (FY 2024) | 8340.0% | Amritsar, Punjab, India |
To see the full peer comparison of Mangalagiri Textile Mills Private Limited, buy the company report.
Auditor
Mangalagiri Textile Mills Private Limited is audited by M V NARAYANA REDDY & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V NARAYANA REDDY & CO | FY 2018 | 002370S |
Shareholding
The shareholding of Mangalagiri Textile Mills 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 Mangalagiri Textile Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2010 | 10206760 | State Bank of India | ₹26.9 Cr | Open |
To see the full charge records of Mangalagiri Textile Mills Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mangalagiri Textile Mills Private Limited has 47 court cases on record: 30 filed by Mangalagiri Textile Mills, 18 filed against it. 12 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 3 | 5 |
| District courts | 13 | 13 | 7 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by Mangalagiri Textile Mills Private Limited Workers Welfare Association and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against M/S. Mangalagiri Textile Mills Private Limited, and 6 others | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Pending |
| High Court, ANDHRAPRADESH | Arbitration matter | Filed by the company against M/S Apex Corporation | Pending |
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by M/S Tayal Ventures | Pending |
To see the full case history of Mangalagiri Textile Mills 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
No delayed payments to MSME suppliers are on our record for Mangalagiri Textile Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mangalagiri Textile Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAECM7253Q1ZR | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mangalagiri Textile Mills Private Limited, buy the company report.
Recent activity
Mangalagiri Textile Mills Private Limited has 15 board changes on record since 2006: 3 appointments and 12 cessations. The latest: Eswara Rao Immaneni was appointed as Irp/Rp/Liquidator on 11 Sep 2024.
8 earlier events are in the company report.
Frequently asked questions
Mangalagiri Textile Mills 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.
Mangalagiri Textile Mills is a company under insolvency, formerly operating as a private limited company based in Guntur, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 March 2006 and is registered under CIN U17110AP2006PTC049607. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mangalagiri Textile Mills has 3 current directors:
- Goli Nagasaina Rao - Managing Director
- Madhusudhana Rao Thiruveedula - Additional Director
- Eswara Rao Immaneni - Irp/Rp/Liquidator
The latest financial statements of Mangalagiri Textile Mills on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mangalagiri Textile Mills is U17110AP2006PTC049607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mangalagiri Textile Mills has open charges of ₹26.9 Cr and no satisfied charges on record as per latest MCA filings.
Mangalagiri Textile Mills has 47 court cases on record: 30 filed by the company and 18 filed against it. 12 are pending. Most are in the high courts.
Mangalagiri Textile Mills was incorporated on 24 March 2006. It is registered with the Registrar of Companies, Vijayawada.
The peers of Mangalagiri Textile Mills by revenue are SRCC Polyfab Private Limited, Garment Accessories Private Limited, P.L Neiza Industries Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Eswara Rao Immaneni was appointed as Irp/Rp/Liquidator on 11 Sep 2024. Tiruveedhula Sambasiva Rao ceased to be Director on 02 Aug 2021. Murugudu Lakshmi Narayana ceased to be Director on 06 Jul 2018. Mangalagiri Textile Mills has 15 board changes on record in total.
The registered office of Mangalagiri Textile Mills is at China Kakani Village Mangalagiri Mandal, Guntur, Andhra Pradesh, India – 522503.
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