About NSL Textiles Limited
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NSL Textiles Limited is a public limited company based in Guntur, Andhra Pradesh, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U15429AP2002PLC038489. Its GSTIN is 37AABCJ1299A1ZS (Andhra Pradesh). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹241 Cr and a paid-up capital of ₹193.26 Cr. It was formerly known as Jaya Venkatarama Sugar and Power Ltd and Jayavenkatarama Sugar and Power Limited. It is led by directors including Apparao Chigurupati (Whole-Time Director) and Narasimham Mannam (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor 'Emgee House' 4th Lane Chandramouli Nagar Ring Road, Guntur, Andhra Pradesh, India – 522007.
As per the financials filed for FY 2025, the company reported a revenue of ₹817.66 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹166.4 Cr (net margin -20.4%) and EBITDA of -₹32.06 Cr (EBITDA margin -3.9%).
The company has about 3,515 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: NSL Textiles. As per MCA filings, the company has open charges of ₹2,311.62 Cr and satisfied charges of ₹1,919.97 Cr on record. Court records list 88 cases involving the company, including 67 filed by the company and 21 filed against it; 16 cases are pending. The company has 15 deals on record (6 funding rounds, 4 convertible or debt financings, 4 secondary share transfers), with disclosed funding of ₹1,256.28 Cr; the latest was in July 2021. Its 5 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 3 smaller; the largest is Milan Ginning Pressing Limited with revenue of ₹836.75 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 93 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nsltextiles.com.
Company details
Name history
NSL Textiles has undergone 4 name changes throughout its history. The current legal name is Nsl Textiles Limited.
| Company Name | Status |
|---|---|
| NSL Textiles Limited | Current |
| Jaya Venkatarama Sugar And Power Ltd | Previous |
| Jayavenkatarama Sugar And Power Limited | Previous |
| Jayavenkatrama Sugar And Power Limited | Previous |
| Jayavenkatrama Industries Limited | Previous |
Contact details
NSL Textiles Limited's registered office is in Guntur, Andhra Pradesh. Its website is nsltextiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor 'Emgee House' 4th Lane Chandramouli Nagar Ring Road, Guntur, Andhra Pradesh, India – 522007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of NSL Textiles 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
Brands
NSL Textiles operates one associated brand: NSL Textiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Textile manufacturing and seed production within a conglomerate structure. | nsltextiles.com |
Business activity
The main business activity of NSL Textiles 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 NSL Textiles Limited, buy the company report.
Financials of NSL Textiles Limited
FY 2025 filings availableNSL Textiles Limited reported revenue of ₹817.66 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year. EBITDA rose 65% in the latest 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 |
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| EBITDA | -₹32.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹166.4 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.9% | ||||
| Net Profit Margin | -20.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of NSL Textiles Limited, buy the company report.
Board of directors of NSL Textiles Limited
NSL Textiles has 8 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apparao Chigurupati | Whole-Time Director | 22 Mar 2004 | 22 Years 7 Months | Current |
| Prem Sardarilal Malik Also directs: M & M Mining Private Limited, Alder Trading Company Private Limited, Techware Consultants Private Limited and 1 more | Director | 18 Jun 2015 | 11 Years 4 Months | Current |
| Mandava Venkatram Chowdary Also directs: NSL Sugars Limited, Divyasree NSL Infrastructure Private Limited, Nuziveedu Seeds Limited and 5 more | Director | 16 Mar 2016 | 10 Years 7 Months | Current |
| Prabhakar Rao Mandava Also directs: Fortune Hybrid Seeds Limited, Pravardhan Seeds Private Limited, NSL Sugars Limited and 5 more | Director | 12 Feb 2002 | 24 Years 9 Months | Current |
| Narasimham Mannam | Whole-Time Director | 10 Jun 2024 | 2 Years 5 Months | Current |
| Mandava Ashapriya Also directs: NSL Sugars Limited, NSL Cotton Corporation Private Limited, MKP Power Private Limited and 5 more | Director | 12 Feb 2002 | 24 Years 9 Months | Current |
Peer comparison
NSL Textiles Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Milan Ginning Pressing Limited | ₹836.75 Cr (FY 2025) | -8.0% | Limbdi, Gujarat, India | |||
| K.M.Knitwear Private Limited | ₹835.85 Cr (FY 2025) | 38.0% | Coimbatore, Tamil Nadu, India | |||
| NSL Textiles Limitedthis company | ₹817.66 Cr (FY 2025) | -₹166.4 Cr | -20.4% | -19.0% | 3,515 | Guntur, Andhra Pradesh, India |
| L.S. Mills Limited | ₹815.63 Cr (FY 2025) | 16.0% | Theni, Tamil Nadu, India | |||
| Amitara Overseas Private Limited | ₹802.73 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| Surya Lakshmi Cotton Mills Ltd | ₹796.35 Cr (FY 2025) | 1.0% | Secunderabad, Telangana, India |
To see the full peer comparison of NSL Textiles Limited, buy the company report.
Auditor
NSL Textiles Limited is audited by Aaki & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aaki & Co | FY 2023 | 013453S |
Shareholding
The shareholding of NSL Textiles 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of NSL Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2017 | 100105520 | Sbicap Trustee Company Limited | ₹371.25 Cr | Open | |
| 21 Jun 2013 | 10438187 | Sbicap Trustee Company Limited | ₹450.95 Cr | Open | |
| 18 Aug 2012 | 10374820 | State Bank of India (Lead Bank) | ₹306.3 Cr | Open | |
| 28 Dec 2006 | 10035650 | State Bank of India | ₹726.27 Cr | Open | |
| 22 Feb 2005 | 90259070 | State Bank of India | ₹444.1 Cr | Open |
To see the full charge records of NSL Textiles Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
NSL Textiles Limited has 15 deals on record (6 funding rounds, 4 convertible or debt financings, 4 secondary share transfers), with disclosed funding of ₹1,256.28 Cr; the latest was in July 2021.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Apms Investment Fund Limited Seller: Mavi Investment |
| Jan 2012 | Funding round | ₹5.7 Cr | Investors: Mandava Holdings Private Limited , an individual |
| Mar 2011 | Acquisition | ₹323.54 Cr | Buyer: Mandava Holdings Private Limited Seller: Nuziveedu Seeds Limited |
| Sep 2010 | Funding round | ₹32.1 Cr | Investors: Dover Finance Limited, Mandava Holdings Private Limited |
| Oct 2009 | Funding round | ₹170 Cr | Investors: Nuziveedu Seeds Limited, Mavi Investment, 2 individuals |
To see the full deal history of NSL Textiles 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
NSL Textiles Limited has 88 court cases on record: 67 filed by NSL Textiles, 21 filed against it. 16 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 64 | 14 | 13 |
| District courts | 23 | 6 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Central Power Distribution Company of Andhra Pradesh Ltd. and 1 other | Pending |
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed by the company against Ms. Dpa Hi-Fashions Pvt Ltd and 5 others | Disposed |
| District court, Salem, Tamil Nadu | Civil suit | Filed against the company by V.Thangavel and Sons Pvt Ltd., | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Union of India, | Pending |
| District court, Guntur, Andhra Pradesh | Civil suit | Filed against the company by M/S. Gayathri Cotton Products Rep Nalluri Giowri Shankar and 1 other | Pending |
To see the full case history of NSL Textiles 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
NSL Textiles Limited was last rated by Crisil on 12 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Aug 2020 |
To see the full credit ratings and regulatory alerts of NSL Textiles Limited, buy the company report.
MSME payment delays
NSL Textiles Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 93 overdue payments to 39 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 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ali Engineering Corporation | |||
| Mastanaiah & Co | |||
| KSSB Chemicals Private Limited | |||
| Sagarraj Cotton Industries Private Limited | |||
| Aaki and Co |
To see the full MSME payment records of NSL Textiles Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
NSL Textiles has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sree Venkataraya Cotton Mills Private Limited | U17110AP1995PTC021407 | |
| Sree Anantha Lakshmi Textiles Private Limited | U18100AP1982PTC003448 |
To see the full group structure of NSL Textiles Limited, buy the company report.
Employees & EPFO
NSL Textiles Limited has a workforce of 3,515 employees on its EPFO records as of May 2026, across 8 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3,515 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of NSL Textiles Limited, buy the company report.
GST
NSL Textiles has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCJ1299A1ZS | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AABCJ1299A1ZU | Telangana | Active | 01 Jul 2017 |
| 36AABCJ1299A2ZT | Telangana | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of NSL Textiles Limited, buy the company report.
Recent activity
NSL Textiles Limited has 29 board changes on record since 2002: 8 appointments and 21 cessations. The latest: Vishnuvardhana Rao Mandava ceased to be Additional Director on 25 Sep 2025.
61 earlier events are in the company report.
Frequently asked questions
NSL Textiles is an active public limited company based in Guntur, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 February 2002 (24+ years old) and is registered under CIN U15429AP2002PLC038489.
NSL Textiles has 8 current directors:
- Apparao Chigurupati - Whole-Time Director
- Narasimham Mannam - Whole-Time Director
- Prem Sardarilal Malik - Director
- Mandava Venkatram Chowdary - Director
- Prabhakar Rao Mandava - Director
- Mandava Ashapriya - Director
- Mannam Malakondaiah - Director
- Vishnuvardhana Rao Mandava - Director
The latest financial statements of NSL Textiles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of NSL Textiles is 37AABCJ1299A1ZS, registered in Andhra Pradesh. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 36AABCJ1299A1ZU (Telangana), 36AABCJ1299A2ZT (Telangana).
The CIN (Corporate Identification Number) of NSL Textiles is U15429AP2002PLC038489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NSL Textiles has 88 court cases on record: 67 filed by the company and 21 filed against it. 16 are pending. Most are in the high courts.
NSL Textiles was incorporated on 12 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Vijayawada.
NSL Textiles has 15 deals on record (6 funding rounds, 4 convertible or debt financings, 4 secondary share transfers), with disclosed funding of ₹1,256.28 Cr; the latest was in July 2021.
The peers of NSL Textiles by revenue are Milan Ginning Pressing Limited, K.M.Knitwear Private Limited, L.S. Mills Limited, Amitara Overseas Private Limited, Surya Lakshmi Cotton Mills Ltd, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Vishnuvardhana Rao Mandava ceased to be Additional Director on 25 Sep 2025. Vishnuvardhana Rao Mandava was appointed as Director on 20 Aug 2025. Dhruva Singh Chauhan ceased to be CEO on 10 May 2025. NSL Textiles has 29 board changes on record in total.
NSL Textiles has 9 MSME Form 1 returns on record between 2019 and 2024, listing 93 overdue payments to 39 micro and small suppliers. The latest return was filed on 30 Apr 2024.
NSL Textiles can be reached through the website nsltextiles.com. Its registered office is in Guntur, Andhra Pradesh, India.
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