About Nivik Industries Private Limited
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Nivik Industries Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 30 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2011PTC066117. Its GSTIN is 24AAPCS9919N1ZE (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Shreejikrupa Spinners Private Limited. It is led by directors Daxesh Dineshbhai Patel (Managing Director) and Niravkumar Rajendrabhai Amin.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 202 – 204 Sanket Heights Atladara, Vadodara, Gujarat, India – 390012.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.29 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹1.11 Cr (net margin -85.8%) and EBITDA of ₹8.17 Lakh (EBITDA margin 6.3%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 47% over five years.
The company has about 317 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.57 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 9 filed against it; 4 cases are 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 shreejikrupaspinners.co.in.
Company details
Contact details
Nivik Industries Private Limited's registered office is in Vadodara, Gujarat. Its website is shreejikrupaspinners.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address202 – 204 Sanket Heights Atladara, Vadodara, Gujarat, India – 390012
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Nivik Industries 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 Nivik Industries 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 Nivik Industries Private Limited, buy the company report.
Financials of Nivik Industries Private Limited
FY 2023 filings availableNivik Industries Private Limited reported revenue of ₹1.29 Cr (down 89% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 89% fall in the latest year. EBITDA fell 99% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹8.17 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | -85.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nivik Industries Private Limited, buy the company report.
Board of directors of Nivik Industries Private Limited
Nivik Industries has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daxesh Dineshbhai Patel Also directs: Durare Shield Private Limited, Conceptshield India Private Limited, Greenarc Enviro Power Private Limited and 2 more | Managing Director | 15 Dec 2012 | 13 Years 11 Months | Current |
| Niravkumar Rajendrabhai Amin | Director | 04 Jan 2017 | 9 Years 10 Months | Current |
Peer comparison
Nivik Industries Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Pet's Way Petcare Private Limited | ₹1.29 Cr (FY 2025) | 155.0% | Delhi, India | |||
| Nivik Industries Private Limitedthis company | ₹1.29 Cr (FY 2023) | -₹1.11 Cr | -85.8% | -89.0% | 317 | Vadodara, Gujarat, India |
| Delta Fabrics Pvt Ltd | ₹1.29 Cr (FY 2025) | 456.0% | Kolkata, West Bengal, India | |||
| Shree Sanghvi Mills Private Limited | ₹1.29 Cr (FY 2025) | -82.0% | Radhapuram, Tamil Nadu, India | |||
| Varunram Textiles Private Limited | ₹1.29 Cr (FY 2025) | 29.0% | Udumalpet, Tamil Nadu, India |
To see the full peer comparison of Nivik Industries Private Limited, buy the company report.
Auditor
Nivik Industries Private Limited is audited by MUKUND & ROHIT for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND & ROHIT | FY 2020 | 113375W |
Shareholding
The shareholding of Nivik Industries Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nivik Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Feb 2021 | 100419475 | Others | ₹10.2 Lakh | Open | |
| 31 Aug 2020 | 100364327 | Karnataka Bank Ltd. | ₹46.78 Lakh | Open | |
| 17 Oct 2017 | 100130520 | Karnataka Bank Ltd. | ₹18 Cr | Open |
Total charge records: 3 View all charges
Legal cases
Nivik Industries Private Limited has 15 court cases on record: 6 filed by Nivik Industries, 9 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 6 | 1 |
| District courts | 6 | 3 | 3 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against M/S Gujarat Spinners Ltd and 2 others | Pending |
| District court, Narmada, Gujarat | Commercial matter | Filed by the company against G.S.L.India Ltd. and 3 others | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Dakshin Gujarat Vij Company Limited and 1 other | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by Managing Director Dakshin Gujarat Vij Company Limited | Disposed |
| District court, Narmada, Gujarat | Court case (SPCS) | Filed by the company against Dakshin Gujarat Vij Co. Limited and 3 others | Disposed |
To see the full case history of Nivik Industries 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 Nivik Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nivik Industries Private Limited has a workforce of 317 employees on its EPFO records as of Jan 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 317 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Nivik Industries Private Limited, buy the company report.
GST
Nivik Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCS9919N1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nivik Industries Private Limited, buy the company report.
Recent activity
Nivik Industries Private Limited has 14 board changes on record since 2011: 8 appointments and 6 cessations. The latest: Kuldip Thakkar ceased to be Company Secretary on 01 Aug 2019.
8 earlier events are in the company report.
Frequently asked questions
Nivik Industries is an active private limited company based in Vadodara, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 30 June 2011 (15+ years old) and is registered under CIN U17120GJ2011PTC066117.
Nivik Industries has 2 current directors:
- Daxesh Dineshbhai Patel - Managing Director
- Niravkumar Rajendrabhai Amin - Director
The latest financial statements of Nivik Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Nivik Industries is 24AAPCS9919N1ZE, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Nivik Industries is U17120GJ2011PTC066117. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nivik Industries has 15 court cases on record: 6 filed by the company and 9 filed against it. 4 are pending. Most are in the high courts.
Nivik Industries was incorporated on 30 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nivik Industries by revenue are Pet's Way Petcare Private Limited, Delta Fabrics Pvt Ltd, Shree Sanghvi Mills Private Limited, Varunram Textiles Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kuldip Thakkar ceased to be Company Secretary on 01 Aug 2019. Kuldip Thakkar was appointed as Company Secretary on 01 Dec 2017. Sanjeevkumar Jainarayan Sarda ceased to be Director on 06 Feb 2017. Nivik Industries has 14 board changes on record in total.
Nivik Industries can be reached through the website shreejikrupaspinners.co.in. Its registered office is in Vadodara, Gujarat, India.
The registered office of Nivik Industries is at 202 – 204 Sanket Heights Atladara, Vadodara, Gujarat, India – 390012.
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