About Sel Textiles Limited
Data last updated:
Sel Textiles Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Sbicap Trustee Company Limited. 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 01 July 2008.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB2008PLC032050. Its GSTIN is 03AANCS0401M1ZJ (Punjab). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹127.06 Cr. It was formerly known as Sel Textiles Private Limited and Jupiter Drapes & Cuts Apparels Private Limited. It is led by directors including Neeraj Saluja and Dhiraj Saluja.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at G.T. Road Opp Mcdonalds Doraha, Ludhiana, Punjab, India – 141421.
As per the financials filed for FY 2021, the company reported a revenue of ₹65.64 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹4.7 Cr (net margin -7.2%) and EBITDA of ₹32.54 Cr (EBITDA margin 49.6%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 37% over five years.
The company has about 5 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4,365.88 Cr on record. Court records list 30 cases involving the company, including 6 filed by the company and 24 filed against it; 9 cases are pending.
The last known website on record is seltextiles.com.
Company details
Name history
Sel Textiles has undergone 2 name changes throughout its history. The company was previously known as Sel Textiles Private Limited, and Jupiter Drapes & Cuts Apparels Private Limited. The current legal name is Sel Textiles Limited.
| Company Name | Status |
|---|---|
| Sel Textiles Limited | Current |
| Sel Textiles Private Limited | Previous |
| Jupiter Drapes & Cuts Apparels Private Limited | Previous |
CIN history
Sel Textiles has one previous CIN (Corporate Identification Number): U17299PB2008PTC032050. The current CIN is U17299PB2008PLC032050, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17299PB2008PLC032050 | Current |
| U17299PB2008PTC032050 | Previous |
Contact details
Sel Textiles Limited's registered office is in Ludhiana, Punjab. Its website is seltextiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG.T. Road Opp Mcdonalds Doraha, Ludhiana, Punjab, India – 141421
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sel 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
Business activity
The main business activities of Sel Textiles are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sel Textiles Limited, buy the company report.
Financials of Sel Textiles Limited
FY 2021 filings availableSel Textiles Limited reported revenue of ₹65.64 Cr (down 23% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 23% fall in the latest year. EBITDA rose 191% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹65.64 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.7 Cr | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49.6% | ||||
| Net Profit Margin | -7.2% | ||||
| 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 Sel Textiles Limited, buy the company report.
Board of directors and KMP of Sel Textiles Limited
Sel Textiles Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navneet Gupta | Cfo | 29 May 2014 | 12 Years 5 Months | As last reported |
| Neeraj Saluja Also directs: Shiv Narayan Investments Private Limited, Silverline Corporation Limited, Sel Renewable Power Limited and 1 more | Director | 07 May 2009 | 17 Years 6 Months | As last reported |
| Dhiraj Saluja | Director | 01 Jul 2008 | 18 Years 4 Months | As last reported |
| Rajeev Sharma Also directs: Impetus Strategic Advisors Private Limited | Irp/Rp/Liquidator | 06 Sep 2023 | 3 Years 2 Months | As last reported |
Peer comparison
Sel Textiles 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 |
|---|---|---|---|---|---|---|
| Gokaldasexports Acharpura Private Limited | ₹65.77 Cr (FY 2025) | 184.0% | Bangalore, Karnataka, India | |||
| Khullar Apparels Private Limited | ₹65.7 Cr (FY 2023) | 55.0% | New Delhi, Delhi, India | |||
| Kanani Polyfab Private Limited | ₹65.68 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Sel Textiles Limitedthis company | ₹65.64 Cr (FY 2021) | -₹4.7 Cr | -7.2% | -23.0% | 5 | Ludhiana, Punjab, India |
| Amiee Collection Private Limited | ₹65.64 Cr (FY 2024) | -10.0% | Jaipur, Rajasthan, India | |||
| Gauri Shankar Processors Private Limited | ₹65.63 Cr (FY 2024) | 10.0% | Punjab, India | |||
| Kwality Overseas Private Limited | ₹65.36 Cr (FY 2020) | -77.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Sel Textiles Limited, buy the company report.
Auditor
Sel Textiles Limited is audited by MANIK MALHOTRA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANIK MALHOTRA & ASSOCIATES | FY 2021 | 015848N |
Shareholding
The shareholding of Sel Textiles 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 Sel Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2015 | 10552310 | Central Bank of India | ₹2,013.26 Cr | Open | |
| 30 Sep 2014 | 10530372 | Central Bank of India | ₹473.31 Cr | Open | |
| 29 Sep 2014 | 10526780 | Punjab National Bank | ₹262.62 Cr | Open | |
| 30 Jun 2014 | 10510186 | Corporation Bank | ₹3.5 Cr | Open | |
| 31 Mar 2014 | 10493565 | Union Bank of India | ₹63.04 Cr | Open |
To see the full charge records of Sel Textiles Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Sel Textiles Limited has 30 court cases on record: 6 filed by Sel Textiles, 24 filed against it. 9 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 4 |
| High courts | 13 | 7 | 4 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 2 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed against the company by M/S. Durgesh Impex Pvt. Ltd Through Authorised Signatory, Hitendra M Solanki | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Sbi Capital Markets Limited Through Sudha Radhakrishnan, | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by M/S. Durgesh Impex Pvt. Ltd | Disposed |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against Central Bank of India and 1 other | Disposed |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Dhiraj Saluja S/D/W/Thru:- Ram Saran Saluja Shareholder and Director Sel Manufacturing Company Ltd 274, Dhandari Khurd, GT Road , District: Ludhiana ,Ludhiana , Punjab | Disposed |
To see the full case history of Sel 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sel Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sel Textiles has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Silverline Corporation Limited | U17200PB2008PLC032259 |
To see the full group structure of Sel Textiles Limited, buy the company report.
Employees & EPFO
Sel Textiles Limited has a workforce of 5 employees on its EPFO records as of Sep 2025, across 5 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 5 |
| 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 | |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Sel Textiles Limited, buy the company report.
GST
Sel Textiles has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AANCS0401M1ZJ | Punjab | Active | 01 Jul 2017 |
| 06AANCS0401M1ZD | Haryana | Active | 01 Jul 2017 |
| 08AANCS0401M1Z9 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sel Textiles Limited, buy the company report.
Recent activity
Sel Textiles Limited has 16 board changes on record since 2008: 4 appointments and 12 cessations. The latest: Rajeev Sharma was appointed as Irp/Rp/Liquidator on 06 Sep 2023.
21 earlier events are in the company report.
News
Frequently asked questions
Sel Textiles 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.
Sel Textiles is a company under insolvency, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 July 2008 and is registered under CIN U17299PB2008PLC032050. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sel Textiles has 4 current directors and KMP:
- Neeraj Saluja - Director
- Dhiraj Saluja - Director
- Navneet Gupta - Cfo
- Rajeev Sharma - Irp/Rp/Liquidator
The latest financial statements of Sel Textiles on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sel Textiles is U17299PB2008PLC032050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sel Textiles has open charges of ₹4,365.88 Cr and no satisfied charges on record as per latest MCA filings.
Sel Textiles has 30 court cases on record: 6 filed by the company and 24 filed against it. 9 are pending. Most are in the district courts.
Sel Textiles was incorporated on 01 July 2008. It is registered with the Registrar of Companies, Chandigarh.
The peers of Sel Textiles by revenue are Gokaldasexports Acharpura Private Limited, Khullar Apparels Private Limited, Kanani Polyfab Private Limited, Amiee Collection Private Limited, Gauri Shankar Processors Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Rajeev Sharma was appointed as Irp/Rp/Liquidator on 06 Sep 2023. Simmi Cheema ceased to be Director on 28 Dec 2020. Ram Saran Saluja ceased to be Managing Director on 08 Oct 2020. Sel Textiles has 16 board changes on record in total.
Sel Textiles can be reached through the website seltextiles.com. Its registered office is in Ludhiana, Punjab, India.
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