MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0059305
Adinath Silks Private Limited
Adinath Silks Private Limited - fashion and textile in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹371.45 Cr
▼ 1% YoY
Net profit · FY 2020
₹64.09 Lakh
Net margin 0.2%
EBITDA · FY 2020
₹5.74 Cr
EBITDA margin 1.5%
Authorised capital
₹6.5 Cr
Registered with MCA
Paid-up capital
₹6.2 Cr
Issued & subscribed
Open charges
₹53.76 Cr
Satisfied ₹16.12 Cr
Company age
24 yrs
Est. 2002
Directors on board
2
As per MCA filings
About Adinath Silks Private Limited
Data last updated:
Adinath Silks Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 01 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51311KA2002PTC030713. Its GSTIN is 29AAECA5815C1ZX (Karnataka).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.2 Cr. It was formerly known as Adinath Silks Limited. It is led by directors Atul Rasiklal Shah (Managing Director) and Girish Rasiklal Shah.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.54 1st Cross Nehru Nagar Out House 1st Floor, Bangalore, Karnataka, India – 560020.
As per the financials filed for FY 2020, the company reported a revenue of ₹371.45 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹64.09 Lakh (net margin 0.2%) and EBITDA of ₹5.74 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹53.76 Cr and satisfied charges of ₹16.12 Cr on record. Court records list 18 cases involving the company, including 1 filed by the company and 17 filed against it; 4 cases are pending.
Adinath Silks Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0059305). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51311KA2002PTC030713
Registration Number 030713
Incorporation Date 01 July 2002
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0059305
CIN history
Adinath Silks has one previous CIN (Corporate Identification Number): U51311KA2002PLC030713. The current CIN is U51311KA2002PTC030713, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51311KA2002PTC030713 | Current |
| U51311KA2002PLC030713 | Previous |
Recognitions & Rankings of Adinath Silks
Contact details
Adinath Silks Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.54 1st Cross Nehru Nagar Out House 1st Floor, Bangalore, Karnataka, India – 560020
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Adinath Silks Private Limited, buy the company report.
Comprehensive company report
Adinath Silks Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Adinath Silks is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Adinath Silks Private Limited, buy the company report.
Financials of Adinath Silks Private Limited
FY 2020 filings availableAdinath Silks Private Limited reported revenue of ₹371.45 Cr (down 1% YoY) for FY 2020.
Revenue · FY 2020
₹371.45 Cr ▼ 1%
Net profit · FY 2020
₹64.09 Lakh margin 0.2%
EBITDA · FY 2020
₹5.74 Cr margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 2%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 18%
5 years · compounded
▲ 4%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 18% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹371.45 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.09 Lakh | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Adinath Silks Private Limited, buy the company report.
Board of directors of Adinath Silks Private Limited
Adinath Silks has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Rasiklal Shah | Managing Director | 02 Jul 2002 | 24 Years 3 Months | Current |
| Girish Rasiklal Shah | Director | 29 Sep 2012 | 14 Years 0 Months | Current |
Peer comparison
Adinath Silks Private Limited is compared with the 9 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Dholi Sati Textiles Private Limited | ₹379.5 Cr (FY 2025) | 14.0% | Patna, Bihar, India | |||
| Satyam Eximtex International Private Limited | ₹379.45 Cr (FY 2018) | 46.0% | Mumbai, Maharashtra, India | |||
| Barkha Enterprises Private Limited | ₹376.03 Cr (FY 2017) | -22.0% | Mumbai, Maharashtra, India | |||
| Ayush Texlene Limited | ₹373.21 Cr (FY 2025) | 86.0% | Surat, Gujarat, India | |||
| Indeca Sporting Goods Private Limited | ₹372.51 Cr (FY 2025) | 5.0% | Bangalore, Karnataka, India | |||
| Adinath Silks Private Limitedthis company | ₹371.45 Cr (FY 2020) | ₹64.09 Lakh | 0.2% | -1.0% | Bangalore, Karnataka, India | |
| Blackoal Jazz Private Limited | ₹368.61 Cr (FY 2022) | 737126.0% | Chitalsar Manpada, Maharashtra, India | |||
| S K C Fabric Impex Private Limited | ₹368.35 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| U.B.Cotton Private Limited | ₹365.86 Cr (FY 2025) | -37.0% | Ahmedabad, Gujarat, India | |||
| Anubha Polyweaves Pvt Ltd | ₹365.5 Cr (FY 2025) | -10.0% | Palsana, Gujarat, India |
To see the full peer comparison of Adinath Silks Private Limited, buy the company report.
Auditor
Adinath Silks Private Limited is audited by HARIDAS AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARIDAS AND ASSOCIATES | FY 2020 | 013661S |
Shareholding
The shareholding of Adinath Silks Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Adinath Silks Private Limited, buy the company report.
Charges & borrowings
Open charges
₹53.76 Cr
Satisfied charges
₹16.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2018 | 100217654 | Others | ₹11.96 Cr | Open | |
| 28 Sep 2013 | 10458044 | Axis Bank Limited | ₹41.8 Cr | Open | |
| 23 Jan 2004 | 80033895 | State Bank of India | ₹16.12 Cr | Satisfied |
To see the full charge records of Adinath Silks Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Adinath Silks Private Limited has 18 court cases on record: 1 filed by Adinath Silks, 17 filed against it. 4 cases are pending and 14 are disposed.
Total cases
18
Filed by the company
1
Filed against the company
17
Pending
4
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 3 |
| High courts | 3 | 2 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S HDFC Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd.. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
To see the full case history of Adinath Silks 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.
Credit ratings & regulatory alerts
Adinath Silks Private Limited was last rated by Icra on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Adinath Silks Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adinath Silks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adinath Silks has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECA5815C1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adinath Silks Private Limited, buy the company report.
Recent activity
Adinath Silks Private Limited has 6 board changes on record since 2002: 2 appointments and 4 cessations. The latest: Rasiklal Kuverji Shah ceased to be Director on 17 Mar 2021.
Charges
A charge with Others of Rs. 11.96 Cr registered on 23 Oct 2018 with Charge ID 100217654 was modified on 16 Dec 2022.
Ceased
Rasiklal Kuverji Shah ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 41.80 Cr registered on 28 Sep 2013 with Charge ID 10458044 was modified on 27 Jan 2021.
AGM
Adinath Silks Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
Adinath Silks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 11.96 Cr with Charge ID 100217654 was registered on 23 Oct 2018.
Ceased
Ajitha Kutty ceased to be Director.
Ceased
Arjun Bhargavaraman ceased to be Director.
Charges
A charge registered on 23 Jan 2004 via Charge ID 80033895 with State Bank Of India was fully satisfied on 27 Dec 2013.
Charges
A charge with Axis Bank Limited amounted to Rs. 41.80 Cr with Charge ID 10458044 was registered on 28 Sep 2013.
Ceased
Shylaja Malavalli Giriyappa ceased to be Director.
Appointed
Girish Rasiklal Shah was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Adinath Silks is an active private limited company based in Bangalore, Karnataka, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 01 July 2002 (24+ years old) and is registered under CIN U51311KA2002PTC030713.
Adinath Silks has 2 current directors:
- Atul Rasiklal Shah - Managing Director
- Girish Rasiklal Shah - Director
The latest financial statements of Adinath Silks on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Adinath Silks is 29AAECA5815C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Adinath Silks is U51311KA2002PTC030713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adinath Silks has 18 court cases on record: 1 filed by the company and 17 filed against it. 4 are pending. Most are in the district courts.
Adinath Silks was incorporated on 01 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Adinath Silks by revenue are Shree Dholi Sati Textiles Private Limited, Satyam Eximtex International Private Limited, Barkha Enterprises Private Limited, Ayush Texlene Limited, Indeca Sporting Goods Private Limited and 4 more, all in the Apparel industry (Apparel Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Rasiklal Kuverji Shah ceased to be Director on 17 Mar 2021. Ajitha Kutty ceased to be Director on 12 Nov 2016. Arjun Bhargavaraman ceased to be Director on 11 Sep 2016. Adinath Silks has 6 board changes on record in total.
Yes, Adinath Silks is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0059305).
The registered office of Adinath Silks is at No.54 1st Cross Nehru Nagar Out House 1st Floor, Bangalore, Karnataka, India – 560020.