About Milan Ginning Pressing Limited
Data last updated:
Milan Ginning Pressing Limited is a public limited company based in Limbdi, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1995PLC025604. Its GSTIN is 24AABCM4050G1ZX (Gujarat).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹16.52 Cr. It is led by directors including Mohmmadhasnein Husenali Narsinh (Managing Director) and Husenali Yusufali Narsinh (Whole-Time Director).
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 Limbdi, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹836.75 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹11.35 Cr (net margin 1.4%) and EBITDA of ₹23.58 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹35.15 Cr and satisfied charges of ₹5.58 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milangroupindia.com.
Company details
CIN history
Milan Ginning Pressing has one previous CIN (Corporate Identification Number): U17119GJ1995PTC025604. The current CIN is U17119GJ1995PLC025604, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119GJ1995PLC025604 | Current |
| U17119GJ1995PTC025604 | Previous |
Contact details
Milan Ginning Pressing Limited's registered office is in Limbdi, Gujarat. Its website is milangroupindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRevenue Survey No.555/P Near Chorania 440Kv Watt Sub Station, National Highway – 8, Limbdi, Gujarat, India – 363421
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Milan Ginning Pressing 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 Milan Ginning Pressing 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 Milan Ginning Pressing Limited, buy the company report.
Financials of Milan Ginning Pressing Limited
FY 2025 filings availableMilan Ginning Pressing Limited reported revenue of ₹836.75 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 1% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.35 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Milan Ginning Pressing Limited, buy the company report.
Board of directors of Milan Ginning Pressing Limited
Milan Ginning Pressing has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohmmadhasnein Husenali Narsinh Also directs: Sustainable Knitting LLP, Sustainable Smart Wear Private Limited, Mah Textiles Private Limited and 1 more | Managing Director | 21 Nov 2005 | 20 Years 11 Months | Current |
| Minajbanu Husenali Narsinh | Director | 14 Sep 1995 | 31 Years 1 Months | Current |
| Husenali Yusufali Narsinh | Whole-Time Director | 25 Apr 1995 | 31 Years 6 Months | Current |
| Priyank Shirishbhai Shah | Director | 22 Jun 2024 | 2 Years 4 Months | Current |
| Khushi Giriraj Laddha | Director | 22 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Milan Ginning Pressing Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Ganga Acrowools Limited | ₹856.49 Cr (FY 2025) | 10.0% | Ludhiana, Punjab, India | |||
| Sri Cheran Synthetics India Private Limited | ₹855.61 Cr (FY 2021) | -1.0% | Erode, Tamil Nadu, India | |||
| Raj Rayon Industries Limited | ₹854.13 Cr (FY 2025) | 14.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Ambika Cotton Mills Limited | ₹846.21 Cr (FY 2024) | -2.0% | Coimbatore, Tamil Nadu, India | |||
| Ganges Jute Private Limited | ₹840.38 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Milan Ginning Pressing Limitedthis company | ₹836.75 Cr (FY 2025) | ₹11.35 Cr | 1.4% | -8.0% | Limbdi, Gujarat, India | |
| K.M.Knitwear Private Limited | ₹835.85 Cr (FY 2025) | 38.0% | Coimbatore, Tamil Nadu, India | |||
| Oswal Woollen Mills Ltd | ₹827.7 Cr (FY 2025) | -9.0% | Punjab, India | |||
| Radhamani Textiles Private Limited | ₹818.67 Cr (FY 2025) | 35.0% | Bangalore, Karnataka, India | |||
| NSL Textiles Limited | ₹817.66 Cr (FY 2025) | -19.0% | Guntur, Andhra Pradesh, India | |||
| L.S. Mills Limited | ₹815.63 Cr (FY 2025) | 16.0% | Theni, Tamil Nadu, India |
To see the full peer comparison of Milan Ginning Pressing Limited, buy the company report.
Auditor
Milan Ginning Pressing Limited is audited by S P Parekh & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P Parekh & Co | FY 2022 | 132253W |
Shareholding
The shareholding of Milan Ginning Pressing 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 Milan Ginning Pressing Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2007 | 10078836 | State Bank of India | ₹35.15 Cr | Open | |
| 24 Dec 2009 | 10199148 | State Bank of India | ₹5 Cr | Satisfied | |
| 12 Oct 1999 | 90096633 | The Surendranagar People Co.Operative Bank Ltd. | ₹28 Lakh | Satisfied | |
| 14 Aug 1995 | 90098227 | The Surendranagar People Co.Operative Bank Ltd. | ₹30 Lakh | Satisfied |
To see the full charge records of Milan Ginning Pressing Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Milan Ginning Pressing Limited has 1 court case on record: 1 filed by Milan Ginning Pressing. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Surendranagar, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Milan Ginning Pressing 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
Milan Ginning Pressing Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 36 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hardam Cotton LLP | |||
| World Trade Logistics Private Limited | |||
| Shree Krishna Trans Solutions Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Milan Ginning Pressing Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Milan Ginning Pressing has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM4050G1ZX | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milan Ginning Pressing Limited, buy the company report.
Recent activity
Milan Ginning Pressing Limited has 23 board changes on record since 1995: 14 appointments and 9 cessations. The latest: Mayank Lashkari ceased to be Company Secretary on 23 Nov 2024.
23 earlier events are in the company report.
Frequently asked questions
Milan Ginning Pressing is an active public limited company based in Limbdi, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 April 1995 (31+ years old) and is registered under CIN U17119GJ1995PLC025604.
Milan Ginning Pressing has 5 current directors:
- Mohmmadhasnein Husenali Narsinh - Managing Director
- Husenali Yusufali Narsinh - Whole-Time Director
- Minajbanu Husenali Narsinh - Director
- Priyank Shirishbhai Shah - Director
- Khushi Giriraj Laddha - Director
The latest financial statements of Milan Ginning Pressing 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 Milan Ginning Pressing is 24AABCM4050G1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Milan Ginning Pressing is U17119GJ1995PLC025604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milan Ginning Pressing has 1 court case on record: 1 filed by the company. 1 is pending.
Milan Ginning Pressing was incorporated on 25 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Milan Ginning Pressing by revenue are Ganga Acrowools Limited, Sri Cheran Synthetics India Private Limited, Raj Rayon Industries Limited, Ambika Cotton Mills Limited, Ganges Jute Private Limited and 5 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mayank Lashkari ceased to be Company Secretary on 23 Nov 2024. Mayank Lashkari was appointed as Company Secretary on 01 Jul 2024. Khushi Giriraj Laddha was appointed as Director on 22 Jun 2024. Milan Ginning Pressing has 23 board changes on record in total.
Milan Ginning Pressing has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 36 overdue payments to 11 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Milan Ginning Pressing can be reached through the website milangroupindia.com. Its registered office is in Limbdi, Gujarat, India.
The registered office of Milan Ginning Pressing is at Revenue Survey No.555P Near Chorania 440Kv Watt Sub Station, National Highway – 8, Limbdi, Gujarat, India – 363421.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
