
About Minaxi Textiles Ltd
Data last updated:
Minaxi Textiles Ltd is a public limited company based in Kalol, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17119GJ1995PLC025007. Its GSTIN is 24AACCM4825C1ZX (Gujarat). Its shares are listed on BSE: 531456.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.94 Cr. It is led by directors including Dineshkumar Purusottamdas Patel (Managing Director) and Kiritkumar Shambhubhai Patel (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kalol, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹23.14 Cr, a decline of 19.9% compared to the previous year. For the same year it recorded a net loss of ₹1.9 Cr (net margin -8.2%) and EBITDA of ₹92 Lakh (EBITDA margin 4%). The net worth stands at ₹4.2 Cr (up 81% YoY). Total assets are valued at ₹16.53 Cr (down 1.5% YoY).
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Minaxi Textiles. As per MCA filings, the company has open charges of ₹56.87 Cr and satisfied charges of ₹28.6 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minaxitextiles.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 3311/2 Phase – IV GIDC, Chhatral, Kalol, Gujarat, India – 382729
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Associated Brands with Minaxi Textiles Ltd
Minaxi Textiles operates one associated brand: Minaxi Textiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fabrics are manufactured by Minaxi Textiles in India since 1995. | minaxitextiles.com |
Competitors & Alternatives of Minaxi Textiles Ltd
Brands and companies operating in the same space as Minaxi Textiles Ltd include Karighar, Orbit Exports, UberUrban and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
| | Sells handcrafted lifestyle items, supports artisans, focuses on eco-friendly production. | New Delhi, India | 2018 |
| | Orbit Exports is recognized as a leading fabric exporter from India. | Mumbai, India | 1983 |
| | Internet first brand offering casual wear for men and women | Ahmedabad, India | 2011 |
| | Online platform offering a wide range of eco-friendly kitchen and garden supplies | Bengaluru, India | 2015 |
| | Multi-category home textiles are branded and traded by Piotex. | Pune, India | 2012 |
| | Private label home decor and furnishings are supplied by Maspar. | Delhi, India | 2001 |
| | Runs a direct-to-consumer brand specializing in high-quality home linen products for kids. | Ahmedabad, India | 2012 |
| | Provides handcrafted clothing, accessories, and home decor from Indian inspirations. | Noida, India | 1992 |
| | Provides dyeing, printing, and supplying of knitted fabrics with sustainable practices. | Tiruppur, India | 2008 |
| | Diversified operations in textiles manufacturing, jewelry retail, education, and energy production. | Coimbatore, India | 2006 |
Business Activity of Minaxi Textiles Ltd
The main business activity of Minaxi Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Minaxi Textiles Ltd
Minaxi Textiles Ltd is audited by Manghani & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Manghani & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Minaxi Textiles Ltd
Minaxi Textiles has 8 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dineshkumar Purusottamdas Patel | Managing Director | 30 Sep 2008 | 18 Years 0 Months | Current |
| Bharatbhai Prabhudas Patel | Director | 25 Jul 2001 | 25 Years 2 Months | Current |
| Sweta Parind Patel | Director | 15 Nov 2019 | 6 Years 10 Months | Current |
| Snehalkumar Rajendrakumar Patel Also directs: Uma Buildroad Private Limited | Director | 14 Sep 2020 | 6 Years 0 Months | Current |
| Chirag Nalinbhai Shah | Director | 23 Oct 2020 | 5 Years 11 Months | Current |
| Kiritkumar Shambhubhai Patel Also directs: Vishal Finlease Limited | Whole-Time Director | 30 Sep 2009 | 17 Years 0 Months | Current |
Financials of Minaxi Textiles Ltd FY 2025-26 filings available
Minaxi Textiles Ltd reported revenue of ₹23.14 Cr (down 19.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 23.14 | 28.88 | 34.29 | 29.21 | 31.11 | 14.80 | 16.72 |
| Revenue growth | -19.9% | -15.8% | +17.4% | -6.1% | +110.2% | -11.5% | - |
| EBITDA | 0.92 | 0.86 | (2.83) | (5.58) | 0.71 | 1.10 | 2.83 |
| EBITDA margin | +4.0% | +3.0% | -8.3% | -19.1% | +2.3% | +7.4% | +16.9% |
| Profit before tax | 2.45 | (0.68) | (3.84) | (8.33) | (2.06) | (1.92) | 0.01 |
| Net profit | (1.90) | (1.07) | (3.11) | (6.24) | (1.56) | (1.57) | 0.27 |
| Net profit margin | -8.2% | -3.7% | -9.1% | -21.4% | -5.0% | -10.6% | +1.6% |
| EPS (₹) | 0.36 | (0.11) | (0.63) | (1.26) | (0.29) | (0.29) | 0.02 |
| Balance sheet | |||||||
| Total assets | 16.53 | 16.78 | 19.83 | 26.44 | 33.61 | 37.64 | 36.53 |
| Net worth | 4.20 | 2.32 | 2.79 | 5.92 | 12.19 | 13.76 | 15.38 |
| Total debt | 12.20 | 14.34 | 16.88 | 20.37 | 21.27 | 23.74 | 21.00 |
| Cash & bank | 0.00 | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 |
| Net working capital | 6.89 | 6.33 | 8.84 | 15.73 | 24.14 | 27.81 | 26.35 |
| Cash flow | |||||||
| Cash from operations | 0.33 | 3.40 | 4.74 | 2.93 | 4.68 | (0.41) | (0.23) |
| Cash from investing | 2.89 | 0.80 | 0.01 | 0.01 | 0.13 | 0.13 | 0.14 |
| Cash from financing | (3.25) | (4.18) | (4.76) | (3.07) | (4.69) | 0.30 | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.89 | 6.21 | 4.51 | 7.04 | 5.37 | 6.19 | 5.92 | 7.81 |
| Revenue growth (YoY) | +9.7% | +0.3% | -23.8% | -9.9% | -40.1% | - | - | - |
| Other income | 0.02 | 0.02 | 0.00 | 0.01 | 3.03 | 0.01 | 0.00 | 0.55 |
| Total expenses | 5.38 | 5.38 | 4.49 | 6.79 | 5.55 | 4.77 | 5.99 | 7.68 |
| EBITDA | 0.51 | 0.83 | 0.02 | 0.25 | (0.18) | 1.42 | (0.07) | 0.13 |
| EBITDA margin | +8.7% | +13.4% | +0.4% | +3.6% | -3.4% | +22.9% | -1.2% | +1.7% |
| Depreciation | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.07 | 0.13 | 0.13 |
| Interest | 0.28 | 0.23 | 0.24 | 0.35 | 0.30 | 0.40 | 0.40 | 0.41 |
| Profit before tax | 0.14 | 0.52 | (0.32) | (0.19) | 2.45 | 0.96 | (0.60) | 0.14 |
| Tax | 0.03 | 0.14 | (0.07) | (0.03) | 0.62 | 0.24 | (0.15) | (0.02) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.89 | 6.21 | 4.51 | 7.04 | 5.37 | 6.19 | 5.92 | 7.81 |
| Revenue growth (YoY) | +9.7% | +0.3% | -23.8% | -9.9% | -40.1% | - | - | - |
| Other income | 0.02 | 0.02 | 0.00 | 0.01 | 3.03 | 0.01 | 0.00 | 0.55 |
| Total expenses | 5.38 | 5.38 | 4.49 | 6.79 | 5.55 | 4.77 | 5.99 | 7.68 |
| EBITDA | 0.51 | 0.83 | 0.02 | 0.25 | (0.18) | 1.42 | (0.07) | 0.13 |
| EBITDA margin | +8.7% | +13.4% | +0.4% | +3.6% | -3.4% | +22.9% | -1.2% | +1.7% |
| Depreciation | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.07 | 0.13 | 0.13 |
| Interest | 0.28 | 0.23 | 0.24 | 0.35 | 0.30 | 0.40 | 0.40 | 0.41 |
| Profit before tax | 0.14 | 0.52 | (0.32) | (0.19) | 2.45 | 0.96 | (0.60) | 0.14 |
| Tax | 0.03 | 0.14 | (0.07) | (0.03) | 0.62 | 0.24 | (0.15) | (0.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 23.14 | 28.88 | 34.29 | 29.21 | 31.11 | 14.80 | 16.72 |
| Revenue growth | -19.9% | -15.8% | +17.4% | -6.1% | +110.2% | -11.5% | - |
| Other income | 3.06 | 0.57 | 0.84 | 0.04 | 0.08 | 0.06 | 0.04 |
| Total expenses | 22.22 | 28.02 | 37.12 | 34.79 | 30.40 | 13.70 | 13.89 |
| Employee cost | 0.71 | 0.75 | 0.91 | 0.95 | 0.81 | 0.58 | 1.02 |
| EBITDA | 0.92 | 0.86 | (2.83) | (5.58) | 0.71 | 1.10 | 2.83 |
| EBITDA margin | +4.0% | +3.0% | -8.3% | -19.1% | +2.3% | +7.4% | +16.9% |
| Depreciation | 0.41 | 0.47 | 0.58 | 0.62 | 0.63 | 0.64 | 0.67 |
| Interest | 1.12 | 1.64 | 1.27 | 2.17 | 2.22 | 2.44 | 2.19 |
| Profit before tax | 2.45 | (0.68) | (3.84) | (8.33) | (2.06) | (1.92) | 0.01 |
| Tax | 0.66 | (0.16) | (0.73) | (2.09) | (0.47) | (0.32) | (0.10) |
| Net profit | (1.90) | (1.07) | (3.11) | (6.24) | (1.56) | (1.57) | 0.27 |
| Net profit margin | -8.2% | -3.7% | -9.1% | -21.4% | -5.0% | -10.6% | +1.6% |
| EPS (₹) | 0.36 | (0.11) | (0.63) | (1.26) | (0.29) | (0.29) | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.94 | 4.94 | 4.94 | 4.94 | 5.56 | 5.56 | 5.56 |
| Reserves & surplus | (0.74) | (2.62) | (2.15) | 0.98 | 6.63 | 8.20 | 9.82 |
| Shareholders' funds (net worth) | 4.20 | 2.32 | 2.79 | 5.92 | 12.19 | 13.76 | 15.38 |
| Secured loans | 9.22 | 13.42 | 15.25 | 17.89 | 18.81 | 19.52 | 15.60 |
| Unsecured loans | 2.98 | 0.92 | 1.63 | 2.48 | 2.46 | 4.22 | 5.40 |
| Total debt | 12.20 | 14.34 | 16.88 | 20.37 | 21.27 | 23.74 | 21.00 |
| Total liabilities | 16.53 | 16.78 | 19.83 | 26.44 | 33.61 | 37.64 | 36.53 |
| Assets | |||||||
| Gross block | 18.67 | 18.81 | 22.75 | 22.77 | 22.77 | 23.36 | 24.63 |
| Net block | 6.34 | 6.88 | 7.59 | 8.17 | 8.78 | 9.50 | 10.24 |
| Capital work in progress | 0.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 7.43 | 8.09 | 9.05 | 9.80 | 16.74 | 23.31 | 21.83 |
| Sundry debtors | 3.42 | 2.14 | 3.83 | 13.66 | 11.99 | 7.16 | 8.13 |
| Cash & bank balances | 0.00 | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 |
| Loans & advances | 1.53 | 0.87 | 1.37 | 2.12 | 2.03 | 1.19 | 0.95 |
| Total current assets | 12.38 | 11.14 | 14.27 | 25.61 | 30.92 | 31.69 | 30.92 |
| Total current liabilities | 5.49 | 4.81 | 5.43 | 9.88 | 6.78 | 3.88 | 4.57 |
| Net working capital | 6.89 | 6.33 | 8.84 | 15.73 | 24.14 | 27.81 | 26.35 |
| Total assets | 16.53 | 16.78 | 19.83 | 26.44 | 33.61 | 37.64 | 36.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 | 0.09 |
| Net cash from operating activities | 0.33 | 3.40 | 4.74 | 2.93 | 4.68 | (0.41) | (0.23) |
| Net cash from investing activities | 2.89 | 0.80 | 0.01 | 0.01 | 0.13 | 0.13 | 0.14 |
| Net cash from financing activities | (3.25) | (4.18) | (4.76) | (3.07) | (4.69) | 0.30 | 0.00 |
| Net change in cash | (0.04) | 0.02 | (0.01) | (0.13) | 0.13 | 0.02 | (0.09) |
| Closing cash | 0.00 | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -19.9% | -15.8% | +17.4% | -6.1% | +110.2% | -11.5% | - |
| EBITDA growth | +7.0% | +130.4% | +49.3% | -885.9% | -35.5% | -61.1% | - |
| PBT growth | +9998.0% | +82.3% | +53.9% | -304.4% | -7.3% | - | -93.8% |
| Net income growth | -77.6% | +65.6% | +50.2% | -300.0% | +0.6% | -681.5% | - |
| Revenue CAGR (3Y) | -7.5% | -2.5% | +32.3% | +20.4% | -11.2% | -35.3% | -33.1% |
| EBITDA CAGR (3Y) | - | +6.6% | - | - | -48.1% | -44.3% | -23.2% |
| Profitability & leverage | |||||||
| Net income margin | +7.7% | -1.8% | -9.1% | -21.4% | -5.1% | -10.8% | +0.7% |
| Return on capital employed | +3.1% | 0.0% | 0.0% | -20.4% | +0.5% | +1.4% | +6.7% |
| Return on net worth | -52.3% | 0.0% | 0.0% | -68.6% | -12.3% | -11.0% | +1.8% |
| Debt / equity | 4.07 | 6.11 | 4.28 | 2.30 | 1.73 | 1.53 | 1.30 |
| Long-term debt / equity | 2.08 | 3.03 | 2.37 | 1.29 | 0.71 | 0.42 | 0.24 |
| Interest cover | 219.61 | 420.51 | -37.24 | -35.00 | 2,775.00 | 530.43 | 101.39 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.23 | 1.39 | 1.51 | 1.28 | 1.35 | 0.62 | 0.67 |
| Inventory turnover | 2.98 | 3.37 | 3.64 | 2.20 | 1.55 | 0.66 | 0.81 |
| Debtors turnover | 8.32 | 9.68 | 3.92 | 2.28 | 3.25 | 1.94 | 1.72 |
| EPS (₹) | 0.36 | (0.11) | (0.63) | (1.26) | (0.29) | (0.29) | 0.02 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.85 | 0.47 | 0.57 | 1.20 | 2.19 | 2.48 | 2.77 |
Shareholding Pattern of Minaxi Textiles Ltd
Shareholding for the quarter ended Mar 2026: promoters hold 38.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 61.20%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 38.80% | 38.80% | 38.80% | 38.80% |
| Public | 61.20% | 61.20% | 61.20% | 61.20% |
Charges & Borrowings of Minaxi Textiles Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Apr 2026 | Hdfc Bank Limited | ₹1.74 Cr | Open |
| 12 Sep 2025 | Bank of India | ₹11.16 Cr | Open |
| 29 Sep 2017 | Bank of India | ₹15.2 Lakh | Open |
| 15 Sep 2016 | Axis Bank Limited | ₹22.72 Cr | Open |
| 23 Dec 2008 | Bank of India | ₹21.1 Cr | Open |
Total charge records: 14 View all charges
Employees and EPFO Compliance at Minaxi Textiles Ltd
Minaxi Textiles Ltd has a workforce of 24 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Minaxi Textiles Ltd
Minaxi Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCM4825C1ZX | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
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Credit Ratings, Litigation & Regulatory Alerts for Minaxi Textiles Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Minaxi Textiles Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Minaxi Textiles Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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MCA Filings & Documents of Minaxi Textiles Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Minaxi Textiles Ltd
Recent News on Minaxi Textiles Ltd
Frequently Asked Questions about Minaxi Textiles Ltd
Minaxi Textiles is an active public limited company based in Kalol, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 March 1995 (31+ years old) and is registered under CIN L17119GJ1995PLC025007. Listed on BSE: 531456.
Minaxi Textiles reported revenue of ₹23.14 Cr for FY 2025-26 (down 19.9% YoY) based on standalone financials.
Minaxi Textiles has 8 current directors:
- Dineshkumar Purusottamdas Patel - Managing Director
- Kiritkumar Shambhubhai Patel - Whole-Time Director
- Bharatbhai Prabhudas Patel - Director
- Sweta Parind Patel - Director
- Snehalkumar Rajendrakumar Patel - Director
- Chirag Nalinbhai Shah - Director
- Ravikumar Ghanshyambhai Patel - Director
- Sandip Viththalbhai Madriya - Director
The GSTIN of Minaxi Textiles is 24AACCM4825C1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Minaxi Textiles is L17119GJ1995PLC025007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Minaxi Textiles is listed on BSE with code 531456.
Minaxi Textiles was incorporated on 14 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Minaxi Textiles can be reached through the website minaxitextiles.com. Its registered office is in Kalol, Gujarat, India.
The registered office of Minaxi Textiles is at Plot No. 33112 Phase – IV GIDC, Chhatral, Kalol, Gujarat, India – 382729.