Rajeshwari Cotspin Limited
About Rajeshwari Cotspin Limited
Data last updated:
Rajeshwari Cotspin Limited is a public limited company based in Ahmedabad, Gujarat, 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 and fabric production segment of the manufacturing sector. It was incorporated on 13 February 2013.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17200GJ2013PLC073545. Its GSTIN is 24AAGCR2695M1ZV (Gujarat).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹18.19 Cr. It is led by directors including Maheshbhai Bachubhai Patel (Managing Director) and Pravinbhai Nagjibhai Khunt.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹77.49 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹11.92 Lakh (net margin 0.2%) and EBITDA of ₹8.02 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 2% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹48.1 Cr and satisfied charges of ₹42.37 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 5 cases are pending. The company has 12 deals on record (11 secondary share transfers, 1 funding round), with disclosed funding of ₹46 Lakh; the latest was in September 2018. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 3 smaller; the largest is SS Textile Mills Private Limited with revenue of ₹77.68 Cr.
Company details
Contact details
Rajeshwari Cotspin Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 5 Shilpgram Siddhi Bungalow Opp. Rajbhavan Bungalow Near Suryam Flo, Ra Nikol, Ahmedabad, Gujarat, India – 382350
- IndustryManufacturing, Textile & Fabric Production
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- 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 Rajeshwari 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 Rajeshwari Cotspin Limited, buy the company report.
Financials of Rajeshwari Cotspin Limited
FY 2024 filings availableRajeshwari Cotspin Limited reported revenue of ₹77.49 Cr (up 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 54% growth in the latest year. EBITDA rose 173% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹8.02 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹11.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.3% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Rajeshwari Cotspin Limited, buy the company report.
Board of directors of Rajeshwari Cotspin Limited
Rajeshwari Cotspin has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravinbhai Nagjibhai Khunt | Director | 13 Feb 2013 | 13 Years 8 Months | As last reported |
| Hareshbhai Mansukhbhai Dholariya | Director | 22 Oct 2021 | 5 Years 0 Months | As last reported |
| Maheshbhai Bachubhai Patel Also directs: Success Hydroparts Private Limited | Managing Director | 13 Feb 2013 | 13 Years 8 Months | As last reported |
Peer comparison
Rajeshwari Cotspin Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| SS Textile Mills Private Limited | ₹77.68 Cr (FY 2023) | -9.0% | Erode, Tamil Nadu, India | |||
| Radhey Radhey Yarns Private Limited | ₹77.66 Cr (FY 2025) | 4.0% | Panipat, Haryana, India | |||
| Balkrushna Cotex Private Limited | ₹77.55 Cr (FY 2016) | 8.0% | Gondal, Gujarat, India | |||
| Rajeshwari Cotspin Limitedthis company | ₹77.49 Cr (FY 2024) | ₹11.92 Lakh | 0.2% | 54.0% | 10 | Ahmedabad, Gujarat, India |
| GL Tradex Private Limited | ₹77.38 Cr (FY 2025) | 24.0% | Surat, Gujarat, India | |||
| Saravanagiri Spinning Mill Private Limited | ₹77.33 Cr (FY 2025) | 11.0% | Erode, Tamil Nadu, India | |||
| Sanimo Polymers Pvt Ltd | ₹77.24 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Rajeshwari Cotspin Limited, buy the company report.
Auditor
Rajeshwari Cotspin Limited is audited by Mukesh O Parikh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mukesh O Parikh & Co. | FY 2023 | 106628W |
Shareholding
The shareholding of Rajeshwari Cotspin 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rajeshwari Cotspin Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2020 | 100375840 | State Bank of India | ₹4.1 Cr | Open | |
| 10 Aug 2020 | 100369512 | Others | ₹1 Cr | Open | |
| 20 Jul 2017 | 100116300 | Others | ₹43 Cr | Open | |
| 25 Jan 2017 | 100082571 | Others | ₹42.37 Cr | Satisfied |
To see the full charge records of Rajeshwari Cotspin Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Rajeshwari Cotspin Limited has 12 deals on record (11 secondary share transfers, 1 funding round), with disclosed funding of ₹46 Lakh; the latest was in September 2018.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Maheshbhai B Patel HUF, an individual Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Maheshbhai B Patel HUF Seller: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Rajeshwari Cotspin 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
Rajeshwari Cotspin Limited has 9 court cases on record: 3 filed by Rajeshwari Cotspin, 6 filed against it. 5 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 2 |
| High courts | 3 | 0 | 3 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (CR.MA) | Filed by the company against Sabar Cotton Pvt. Ltd. Thro Director Nareshkumar Purshottamdas Patel and 1 other | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed against the company by Sabar Cotton Pvt Ltd, Nareshkumar Purushottamdas Patel | Pending |
| District court, Amreli, Gujarat | Criminal complaint | Filed against the company by Jay Jitendrakumar Patel Authorized Representative of M/S Patidar Industries Pvt. Ltd. | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (CR EN) | Filed against the company by Sabar Cotton Pvt Ltd, Nareshkumar Purushottamdas Patel | Disposed |
| District court, Amreli, Gujarat | Criminal complaint | Filed against the company by M/S Shubh Cotton Through Its Authorized Representative Mr Jay Jitendrakumar Patel | Pending |
To see the full case history of Rajeshwari Cotspin 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
Rajeshwari Cotspin Limited was last rated by Crisil on 11 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Feb 2020 |
To see the full credit ratings and regulatory alerts of Rajeshwari Cotspin Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rajeshwari Cotspin Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rajeshwari Cotspin Limited has a workforce of 10 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Rajeshwari Cotspin has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCR2695M1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rajeshwari Cotspin Limited, buy the company report.
Recent activity
Rajeshwari Cotspin Limited has 7 board changes on record since 2013: 3 appointments and 4 cessations. The latest: Bhavikkumar Kantilal Patel ceased to be Director on 01 Dec 2021.
5 earlier events are in the company report.
Frequently asked questions
Rajeshwari 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.
Rajeshwari Cotspin is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 13 February 2013 and is registered under CIN U17200GJ2013PLC073545. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rajeshwari Cotspin has 3 current directors:
- Maheshbhai Bachubhai Patel - Managing Director
- Pravinbhai Nagjibhai Khunt - Director
- Hareshbhai Mansukhbhai Dholariya - Director
The latest financial statements of Rajeshwari Cotspin on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rajeshwari Cotspin is U17200GJ2013PLC073545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rajeshwari Cotspin has open charges of ₹48.1 Cr and satisfied charges of ₹42.37 Cr as per latest MCA filings.
Rajeshwari Cotspin has 9 court cases on record: 3 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Rajeshwari Cotspin was incorporated on 13 February 2013. It is registered with the Registrar of Companies, Ahmedabad.
Rajeshwari Cotspin has 12 deals on record (11 secondary share transfers, 1 funding round), with disclosed funding of ₹46 Lakh; the latest was in September 2018.
The peers of Rajeshwari Cotspin by revenue are SS Textile Mills Private Limited, Radhey Radhey Yarns Private Limited, Balkrushna Cotex Private Limited, GL Tradex Private Limited, Saravanagiri Spinning Mill Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bhavikkumar Kantilal Patel ceased to be Director on 01 Dec 2021. Hareshbhai Mansukhbhai Dholariya ceased to be Additional Director on 30 Nov 2021. Hareshbhai Mansukhbhai Dholariya was appointed as Director on 22 Oct 2021. Rajeshwari Cotspin has 7 board changes on record in total.
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