About Maruti Spintex Private Limited
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Maruti Spintex Private Limited is a private limited company based in Botad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17111GJ2010PTC062132. Its GSTIN is 24AAGCM7374N1ZW (Gujarat).
The company has an authorised share capital of ₹18.4 Cr and a paid-up capital of ₹17.06 Cr. It is led by directors including Dhirubhai Naranbhai Kanetiya and Narayanbhai Ambarambhai Kanetiya.
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 Survey No. 436/1/1 Bhadravadi Road Bhadravadi Tal. Botad, Gujarat, India – 364710.
As per the financials filed for FY 2025, the company reported a revenue of ₹281.77 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹8.89 Cr (net margin 3.2%) and EBITDA of ₹27.76 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 16% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Marutispintex. As per MCA filings, the company has open charges of ₹169.66 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maruti-spintex-pvt-ltd.business.site.
Company details
Contact details
Maruti Spintex Private Limited's registered office is in Botad, Gujarat. Its website is maruti-spintex-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 436/1/1 Bhadravadi Road Bhadravadi Tal. Botad, Gujarat, India – 364710
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Maruti Spintex 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
Brands
Maruti Spintex operates one associated brand: Marutispintex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| marutispintex.com |
Business activity
The main business activity of Maruti Spintex 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 Maruti Spintex Private Limited, buy the company report.
Financials of Maruti Spintex Private Limited
FY 2025 filings availableMaruti Spintex Private Limited reported revenue of ₹281.77 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 42% 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 |
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| EBITDA | ₹27.76 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹8.89 Cr | ||||
| Balance Sheet | |||||
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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 | 9.9% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maruti Spintex Private Limited, buy the company report.
Board of directors and KMP of Maruti Spintex Private Limited
Maruti Spintex Private Limited currently reports 6 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhirubhai Naranbhai Kanetiya | Director | 27 Aug 2010 | 16 Years 2 Months | Current |
| Narayanbhai Ambarambhai Kanetiya | Director | 27 Aug 2010 | 16 Years 2 Months | Current |
| Alpeshbhai Naranbhai Kanetia Also directs: Marvin Spintex LLP, Maruti Texprocess India Private Limited | Director | 27 Aug 2010 | 16 Years 2 Months | Current |
| Bhuvnesh Kumar Also directs: Ravelcare Limited, Siyaram Recycling Industries Limited, Valencia India Limited and 2 more | Company Secretary | 21 Jul 2020 | 6 Years 3 Months | Current |
| Pareshkumar Prabhubhai Kanetiya | Director | 02 Aug 2013 | 13 Years 3 Months | Current |
| Maheshbhai Prabhubhai Kanetia Also directs: Marvin Spintex LLP, Maruti Texprocess India Private Limited | Director | 02 Aug 2013 | 13 Years 3 Months | Current |
Peer comparison
Maruti Spintex 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 |
|---|---|---|---|---|---|---|
| Nova Textiles Private Limited | ₹283.02 Cr (FY 2025) | -39.0% | Mumbai, Maharashtra, India | |||
| Baldev Textile Mills Private Limited | ₹282.98 Cr (FY 2025) | 3.0% | Hatkanangale, Maharashtra, India | |||
| Shree Ginger Enterprises Limited | ₹282.29 Cr (FY 2019) | -36.0% | Thane, Maharashtra, India | |||
| Subhash Sarees & Industries Private Limited | ₹281.86 Cr (FY 2025) | 7.0% | Surat, Gujarat, India | |||
| Maruti Spintex Private Limitedthis company | ₹281.77 Cr (FY 2025) | ₹8.89 Cr | 3.2% | -4.0% | 20 | Botad, Gujarat, India |
| Vippy Spin Pro Limited | ₹281.37 Cr (FY 2025) | 12.0% | Indore, Madhya Pradesh, India | |||
| SJLT Textiles Private Limited | ₹280.57 Cr (FY 2025) | 21.0% | Chennai, Tamil Nadu, India | |||
| Supreme (India) Impex Ltd | ₹279.65 Cr (FY 2018) | -19.0% | Surat, Gujarat, India |
To see the full peer comparison of Maruti Spintex Private Limited, buy the company report.
Auditor
Maruti Spintex Private Limited is audited by Shah Soni and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Soni and Associates | FY 2023 | 139263W |
Shareholding
The shareholding of Maruti Spintex 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 Maruti Spintex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2023 | 100845095 | Indian Bank | ₹18 Cr | Open | |
| 28 Aug 2023 | 100798543 | Hdfc Bank Limited | ₹19.95 Cr | Open | |
| 16 Nov 2022 | 100642630 | Hdfc Bank Limited | ₹21.77 Cr | Open | |
| 09 Jan 2015 | 10549824 | Indian Bank | ₹109.94 Cr | Open |
To see the full charge records of Maruti Spintex Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Maruti Spintex Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhavnagar, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Bhavnagar, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Maruti Spintex 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 Maruti Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Maruti Spintex has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Maruti Spintex Private Limited has a workforce of 20 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Maruti Spintex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCM7374N1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maruti Spintex Private Limited, buy the company report.
Recent activity
Maruti Spintex Private Limited has 13 board changes on record since 2010: 7 appointments and 6 cessations. The latest: Bhuvnesh Kumar was appointed as Company Secretary on 21 Jul 2020.
10 earlier events are in the company report.
Frequently asked questions
Maruti Spintex is an active private limited company based in Botad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 August 2010 (16+ years old) and is registered under CIN U17111GJ2010PTC062132.
Maruti Spintex has 7 current directors and KMP:
- Dhirubhai Naranbhai Kanetiya - Director
- Narayanbhai Ambarambhai Kanetiya - Director
- Alpeshbhai Naranbhai Kanetia - Director
- Pareshkumar Prabhubhai Kanetiya - Director
- Maheshbhai Prabhubhai Kanetia - Director
- Prabhubhai Ambarambhai Kanetiya - Director
- Bhuvnesh Kumar - Company Secretary
The latest financial statements of Maruti Spintex 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 Maruti Spintex is 24AAGCM7374N1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Maruti Spintex is U17111GJ2010PTC062132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maruti Spintex has 3 court cases on record: 3 filed against it.
Maruti Spintex was incorporated on 27 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Maruti Spintex by revenue are Nova Textiles Private Limited, Baldev Textile Mills Private Limited, Shree Ginger Enterprises Limited, Subhash Sarees & Industries Private Limited, Vippy Spin Pro Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bhuvnesh Kumar was appointed as Company Secretary on 21 Jul 2020. Alpeshbhai Naranbhai Kanetia ceased to be Director on 01 Sep 2015. Dhirubhai Naranbhai Kanetiya ceased to be Director on 01 Sep 2015. Maruti Spintex has 13 board changes on record in total.
Maruti Spintex can be reached through the website maruti-spintex-pvt-ltd.business.site. Its registered office is in Botad, Gujarat, India.
The registered office of Maruti Spintex is at Survey No. 43611 Bhadravadi Road Bhadravadi Tal. Botad, Gujarat, India – 364710.
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