MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-32-0003952
Natvar Cotex Private Limited
Natvar Cotex Private Limited - manufacturing in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹97.7 Cr
▼ 27% YoY
Net profit · FY 2025
₹7.32 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹53.1 Lakh
EBITDA margin 0.5%
Authorised capital
₹2.4 Cr
Registered with MCA
Paid-up capital
₹2.4 Cr
Issued & subscribed
Open charges
₹7.54 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
11
Provident fund records
About Natvar Cotex Private Limited
Data last updated:
Natvar Cotex Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17122GJ2013PTC075549. Its GSTIN is 24AAECN3732D1ZW (Gujarat).
The company has an authorised share capital of ₹2.4 Cr and a paid-up capital of ₹2.4 Cr. It is led by directors including Shaileshkumar Natvarlal Manek and Chandresh Natvarlal Manek.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vankda Survey No. 279/1, At. Vankda Morbi Halvad Road, Gujarat, India – 363642.
As per the financials filed for FY 2025, the company reported a revenue of ₹97.7 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹7.32 Lakh (net margin 0.1%) and EBITDA of ₹53.1 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 15% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.54 Cr on record.
Natvar Cotex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0003952). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17122GJ2013PTC075549
Registration Number 075549
Incorporation Date 11 June 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-32-0003952
Key People
Shaileshkumar Natvarlal Manek Director Chandresh Natvarlal Manek Director Harsh Chandreshkumar Manek Director Recognitions & Rankings of Natvar Cotex
Contact details
Natvar Cotex Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVankda Survey No. 279/1, At. Vankda Morbi Halvad Road, Gujarat, India – 363642
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Natvar Cotex Private Limited, buy the company report.
Comprehensive company report
Natvar Cotex Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Natvar Cotex 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 Natvar Cotex Private Limited, buy the company report.
Financials of Natvar Cotex Private Limited
FY 2025 filings availableNatvar Cotex Private Limited reported revenue of ₹97.7 Cr (down 27% YoY) for FY 2025.
Revenue · FY 2025
₹97.7 Cr ▼ 27%
Net profit · FY 2025
₹7.32 Lakh margin 0.1%
EBITDA · FY 2025
₹53.1 Lakh margin 0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 12%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 10%
5 years · compounded
▲ 3%
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹53.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.32 Lakh | ||||
| 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 | |||||
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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 | 0.5% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Natvar Cotex Private Limited, buy the company report.
Board of directors of Natvar Cotex Private Limited
Natvar Cotex has 5 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shaileshkumar Natvarlal Manek | Director | 11 Jun 2013 | 13 Years 4 Months | Current |
| Chandresh Natvarlal Manek | Director | 11 Jun 2013 | 13 Years 4 Months | Current |
| Harsh Chandreshkumar Manek | Director | 15 Jun 2019 | 7 Years 4 Months | Current |
| Ashokkumar Balubhai Vadgashiya | Director | 12 Jan 2017 | 9 Years 9 Months | Current |
| Harshad Balubhai Vadgashiya | Director | 11 Jun 2013 | 13 Years 4 Months | Current |
Peer comparison
Natvar Cotex Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Ajay Knitwears and Fabrics Private Limited | ₹97.73 Cr (FY 2025) | 4.0% | Ludhiana, Punjab, India | |||
| Sree Karpagambal Mills Limited | ₹97.71 Cr (FY 2025) | -9.0% | Ramnad, Tamil Nadu, India | |||
| Accura Spintex Private Limited | ₹97.7 Cr (FY 2025) | -14.0% | Sanosara, Gujarat, India | |||
| Terrapro Geosynthetics Private Limited | ₹97.7 Cr (FY 2025) | 22.0% | Ahmedabad, Gujarat, India | |||
| Hami Weavelon Private Limited | ₹97.7 Cr (FY 2025) | 13546.0% | Surat, Gujarat, India | |||
| Natvar Cotex Private Limitedthis company | ₹97.7 Cr (FY 2025) | ₹7.32 Lakh | 0.1% | -27.0% | 11 | Morbi, Gujarat, India |
| Best Colour Solutions India Private Limited | ₹97.63 Cr (FY 2024) | 184.0% | Coimbatore, Tamil Nadu, India | |||
| Mangalam Ventures Limited | ₹97.43 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Suditi Industries Limited | ₹97.29 Cr (FY 2025) | 34.0% | Thane, Maharashtra, India |
To see the full peer comparison of Natvar Cotex Private Limited, buy the company report.
Auditor
Natvar Cotex Private Limited is audited by H. B. Kalaria & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. B. Kalaria & Associates | FY 2023 | 104571W |
Shareholding
The shareholding of Natvar Cotex Private 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 Natvar Cotex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.54 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2013 | 10448670 | Bank of Baroda | ₹7.54 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Natvar Cotex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Natvar Cotex Private Limited was last rated by Icra on 15 May 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 May 2019 |
To see the full credit ratings and regulatory alerts of Natvar Cotex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Natvar Cotex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Natvar Cotex Private Limited has a workforce of 11 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
37.5%
GST
Natvar Cotex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECN3732D1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Natvar Cotex Private Limited, buy the company report.
Recent activity
Natvar Cotex Private Limited has 5 board changes on record since 2013: 5 appointments. The latest: Harsh Chandreshkumar Manek was appointed as Director on 15 Jun 2019.
AGM
Natvar Cotex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Natvar Cotex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Harsh Chandreshkumar Manek was appointed as Director.
Appointed
Ashokkumar Balubhai Vadgashiya was appointed as Director.
Charges
A charge with Bank Of Baroda amounted to Rs. 7.54 Cr with Charge ID 10448670 was registered on 16 Sep 2013.
Appointed
Chandresh Natvarlal Manek was appointed as Director.
Appointed
Harshad Balubhai Vadgashiya was appointed as Director.
Appointed
Shaileshkumar Natvarlal Manek was appointed as Director.
Incorporation
11 Jun 2013
Natvar Cotex Private Limited was registered on 11 Jun 2013 with Roc Ahmedabad & aged 13 years 5 months as per MCA records.
Frequently asked questions
Natvar Cotex is an active private limited company based in Morbi, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 June 2013 (13+ years old) and is registered under CIN U17122GJ2013PTC075549.
Natvar Cotex has 5 current directors:
- Shaileshkumar Natvarlal Manek - Director
- Chandresh Natvarlal Manek - Director
- Harsh Chandreshkumar Manek - Director
- Ashokkumar Balubhai Vadgashiya - Director
- Harshad Balubhai Vadgashiya - Director
The latest financial statements of Natvar Cotex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Natvar Cotex is 24AAECN3732D1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Natvar Cotex is U17122GJ2013PTC075549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Natvar Cotex was incorporated on 11 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Natvar Cotex by revenue are Ajay Knitwears and Fabrics Private Limited, Sree Karpagambal Mills Limited, Accura Spintex Private Limited, Terrapro Geosynthetics Private Limited, Hami Weavelon Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Harsh Chandreshkumar Manek was appointed as Director on 15 Jun 2019. Ashokkumar Balubhai Vadgashiya was appointed as Director on 12 Jan 2017. Chandresh Natvarlal Manek was appointed as Director on 11 Jun 2013. Natvar Cotex has 5 board changes on record in total.
Yes, Natvar Cotex is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-32-0003952).
The registered office of Natvar Cotex is at Vankda Survey No. 2791, At. Vankda Morbi Halvad Road, Gujarat, India – 363642.
Natvar Cotex operates in the manufacturing industry, in the textile and fabric production segment.
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