About Ahuja Cotspin Private Limited
Data last updated:
Ahuja Cotspin Private Limited is a private limited company based in Ludhiana, Punjab, 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 segment of the apparel and fashion sector. It was incorporated on 06 December 2010.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17119PB2010PTC034482. Its GSTIN is 03AAJCA0093R1ZF (Punjab).
The company has an authorised share capital of ₹58 Cr and a paid-up capital of ₹57.74 Cr. It is led by directors including Gulshan Kumar Ahuja (Managing Director) and Priya Bhushan Sharma (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at B – VI – I Kucha No.1 Madhopuri, Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2022, the company reported a revenue of ₹48.44 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹12.89 Cr (net margin -26.6%) and EBITDA of -₹1.42 Cr (EBITDA margin -2.9%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 31% over five years.
The company has about 90 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹448.88 Cr and satisfied charges of ₹2.25 Cr on record. Court records list 91 cases involving the company, including 46 filed by the company and 46 filed against it; 20 cases are pending. The company has 24 deals on record (16 funding rounds, 8 secondary share transfers), with disclosed funding of ₹74.43 Cr; the latest was in February 2022. Its 9 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 4 smaller; the largest is BSB Woollens Private Limited with revenue of ₹48.61 Cr.
The last known website on record is ahujacotspin.com.
Company details
Contact details
Ahuja Cotspin Private Limited's registered office is in Ludhiana, Punjab. Its website is ahujacotspin.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB – VI – I Kucha No.1 Madhopuri, Ludhiana, Punjab, India – 141008
- IndustryAppreal & Fashion, Textile, Apparel, Leather
To see the full contact details of Ahuja Cotspin 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 Ahuja Cotspin 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 Ahuja Cotspin Private Limited, buy the company report.
Financials of Ahuja Cotspin Private Limited
FY 2022 filings availableAhuja Cotspin Private Limited reported revenue of ₹48.44 Cr (down 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 24% fall in the latest year. EBITDA rose 96% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹48.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.89 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.9% | ||||
| Net Profit Margin | -26.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ahuja Cotspin Private Limited, buy the company report.
Board of directors of Ahuja Cotspin Private Limited
Ahuja Cotspin has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priya Bhushan Sharma Also directs: Verindera Ventures LLP, Tecfin Stock Advisers LLP, 3B Infrastructure Private Limited and 2 more | Irp/Rp/Liquidator | 23 Jul 2024 | 2 Years 3 Months | As last reported |
| Akhil Dawar Also directs: Jojoba Dealcom Private Limited, Medhavi Goods Private Limited, Ahuja Cottex Private Limited and 1 more | Director | 19 Feb 2020 | 6 Years 8 Months | As last reported |
| Gulshan Kumar Ahuja | Managing Director | 06 Dec 2010 | 15 Years 10 Months | As last reported |
Peer comparison
Ahuja Cotspin Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| BSB Woollens Private Limited | ₹48.61 Cr (FY 2024) | 42.0% | Panipat, Haryana, India | |||
| Sti India Limited | ₹48.59 Cr (FY 2019) | 21.0% | Indore, Madhya Pradesh, India | |||
| Maheshkumar Spinning Mills Private Limited | ₹48.52 Cr (FY 2024) | -9.0% | Coimbatore, Tamil Nadu, India | |||
| Sabar Cotton Private Limited | ₹48.5 Cr (FY 2024) | -57.0% | Ahmedabad, Gujarat, India | |||
| Bal Hanuman Tex Fab Private Limited | ₹48.45 Cr (FY 2025) | 349.0% | Ahmedabad, Gujarat, India | |||
| Ahuja Cotspin Private Limitedthis company | ₹48.44 Cr (FY 2022) | -₹12.89 Cr | -26.6% | -24.0% | 90 | Ludhiana, Punjab, India |
| Aravali Silk Mills Private Limited | ₹48.44 Cr (FY 2024) | -18.0% | Mumbai, Maharashtra, India | |||
| Spa Fabrics Processor Private Limited | ₹48.41 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| P A S Cotton Mills Private Limited | ₹48.39 Cr (FY 2025) | -18.0% | Srivilliputtur, Tamil Nadu, India | |||
| Sudev Spinners Private Limited | ₹48.38 Cr (FY 2024) | -14.0% | Annur, Tamil Nadu, India |
To see the full peer comparison of Ahuja Cotspin Private Limited, buy the company report.
Auditor
Ahuja Cotspin Private Limited is audited by DINESH MEHTANI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH MEHTANI & CO | FY 2022 | 025897N |
Shareholding
The shareholding of Ahuja Cotspin Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ahuja Cotspin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2017 | 100089934 | Others | ₹10 Cr | Open | |
| 20 Mar 2015 | 10561854 | Others | ₹251.99 Cr | Open | |
| 17 Apr 2014 | 10502338 | State Bank of India in Consortium with Union Bank of India | ₹25 Cr | Open | |
| 17 Apr 2014 | 10502337 | Union Bank of India | ₹9.35 Cr | Open | |
| 16 Mar 2013 | 10425144 | State Bank of India | ₹28.8 Cr | Open |
To see the full charge records of Ahuja Cotspin Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Ahuja Cotspin Private Limited has 24 deals on record (16 funding rounds, 8 secondary share transfers), with disclosed funding of ₹74.43 Cr; the latest was in February 2022.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Ahuja Processors Private Limited Seller: Omega Holding Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Carfu Knit Private Limited, Ahuja Processors Private Limited Seller: Ganga International, Ahuja Cotspin Private Limited |
| Oct 2016 | Funding round | ₹3.94 Cr | Investors: Ganga Enterprises, Ganga International, Ahuja Processors Private Limited |
| Sep 2016 | Funding round | ₹2 Cr | Investors: Ahuja Processors Private Limited |
| Aug 2016 | Funding round | ₹2 Cr | Investors: Ahuja Processors Private Limited |
To see the full deal history of Ahuja Cotspin Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ahuja Cotspin Private Limited has 91 court cases on record: 46 filed by Ahuja Cotspin, 46 filed against it. 20 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 29 | 16 |
| High courts | 19 | 9 | 3 |
| NCLT | 7 | 5 | 0 |
| NCLAT | 3 | 3 | 1 |
Cases on record (5 of 91)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Ms Kamal Cotton Traders Pvt Ltd | Pending |
| High Court, PUNJAB | Writ petition | Filed against the company by Ahuja Cotspin Pvt Ltd and 1 other | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Devanshi Exports Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against LWS Knitwear Ltd | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against M/S Ahuja Cotspin Pvt Ltd and 3 others | Disposed |
To see the full case history of Ahuja Cotspin 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 Ahuja Cotspin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ahuja Cotspin Private Limited has a workforce of 90 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Ahuja Cotspin has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAJCA0093R1ZF | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ahuja Cotspin Private Limited, buy the company report.
Recent activity
Ahuja Cotspin Private Limited has 9 board changes on record since 2010: 3 appointments and 6 cessations. The latest: Priya Bhushan Sharma was appointed as Irp/Rp/Liquidator on 23 Jul 2024.
12 earlier events are in the company report.
Frequently asked questions
Ahuja Cotspin 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.
Ahuja Cotspin is a company under insolvency, formerly operating as a private limited company based in Ludhiana, Punjab, India. The company works in textile, within the apparel and fashion industry. It was incorporated on 06 December 2010 and is registered under CIN U17119PB2010PTC034482. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ahuja Cotspin has 3 current directors:
- Gulshan Kumar Ahuja - Managing Director
- Akhil Dawar - Director
- Priya Bhushan Sharma - Irp/Rp/Liquidator
The latest financial statements of Ahuja Cotspin on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ahuja Cotspin is U17119PB2010PTC034482. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ahuja Cotspin has open charges of ₹448.88 Cr and satisfied charges of ₹2.25 Cr as per latest MCA filings.
Ahuja Cotspin has 91 court cases on record: 46 filed by the company and 46 filed against it. 20 are pending. Most are in the district courts.
Ahuja Cotspin was incorporated on 06 December 2010. It is registered with the Registrar of Companies, Chandigarh.
Ahuja Cotspin has 24 deals on record (16 funding rounds, 8 secondary share transfers), with disclosed funding of ₹74.43 Cr; the latest was in February 2022.
The peers of Ahuja Cotspin by revenue are BSB Woollens Private Limited, Sti India Limited, Maheshkumar Spinning Mills Private Limited, Sabar Cotton Private Limited, Bal Hanuman Tex Fab Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Priya Bhushan Sharma was appointed as Irp/Rp/Liquidator on 23 Jul 2024. Akhil Dawar ceased to be Additional Director on 30 Nov 2020. Atma Ram Mishra ceased to be Cfo(Kmp) on 15 Apr 2020. Ahuja Cotspin has 9 board changes on record in total.