Neela Textiles (Gujarat) Private Limited
About Neela Textiles (Gujarat) Private Limited
Data last updated:
Neela Textiles (Gujarat) Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile segment of the apparel and fashion sector. It was incorporated on 05 August 2002.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2002PTC041064. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22.9 Lakh. It was led by directors including Bhupendrakumar Motibhai Patel and Hasmukhbhai Motibhai Patel.
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 was at 117 New Cloth Marketoutside Raipur Gate, Ahmedabad, Gujarat, India – 380002.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.46 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹29,767 (net margin 20.5%) and EBITDA of ₹1.46 Lakh (EBITDA margin 100%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 12% over five years.
As per MCA filings, the company had satisfied charges of ₹79.12 Lakh on record.
Company details
Contact details
Neela Textiles (Gujarat) Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address117 New Cloth Marketoutside Raipur Gate, Ahmedabad, Gujarat, India – 380002
- IndustryAppreal & Fashion, Textile, Apparel, Leather
To see the full contact details of Neela Textiles (Gujarat) 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 Neela Textiles (Gujarat) 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 Neela Textiles (Gujarat) Private Limited, buy the company report.
Financials of Neela Textiles (Gujarat) Private Limited
FY 2023 filings availableNeela Textiles (Gujarat) Private Limited reported revenue of ₹1.46 Lakh (down 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 46% fall in the latest year. EBITDA fell 15% 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 | ₹1.46 Lakh | ||||
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| Net Profit (PAT) | ₹29,767 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 100% | ||||
| Net Profit Margin | 20.5% | ||||
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To see the full financial statements and ratios of Neela Textiles (Gujarat) Private Limited, buy the company report.
Board of directors of Neela Textiles (Gujarat) Private Limited
Neela Textiles (Gujarat) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupendrakumar Motibhai Patel | Director | 06 May 2003 | 23 Years 6 Months | As last reported |
| Hasmukhbhai Motibhai Patel | Director | 05 Aug 2002 | 24 Years 3 Months | As last reported |
| Suhashkumar Bhogilal Patel | Director | 01 Oct 2004 | 22 Years 1 Months | As last reported |
Peer comparison
Neela Textiles (Gujarat) Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sehgalsisters Apparels Private Limited | ₹1.46 Lakh (FY 2023) | Gurugram, Haryana, India | ||||
| Neela Textiles (Gujarat) Private Limitedthis company | ₹1.46 Lakh (FY 2023) | ₹29,767 | 20.5% | -46.0% | Ahmedabad, Gujarat, India | |
| High Tech Fablon Private Limited | ₹1.45 Lakh (FY 2019) | -71.0% | Surat, Gujarat, India | |||
| Spandanweavers Crafts Private Limited | ₹1.45 Lakh (FY 2021) | Jaipur, Rajasthan, India |
To see the full peer comparison of Neela Textiles (Gujarat) Private Limited, buy the company report.
Auditor
Neela Textiles (Gujarat) Private Limited is audited by KHANIK JATIN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHANIK JATIN & ASSOCIATES | FY 2017 | 125547W |
Shareholding
The shareholding of Neela Textiles (Gujarat) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Neela Textiles (Gujarat) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2005 | 90106032 | Oriental Bank of Commerce | ₹29.12 Lakh | Satisfied | |
| 20 Dec 2004 | 90107034 | Oriental Bank of Commerce | ₹50 Lakh | Satisfied |
To see the full charge records of Neela Textiles (Gujarat) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Neela Textiles (Gujarat) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neela Textiles (Gujarat) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neela Textiles (Gujarat) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Neela Textiles (Gujarat) Private Limited, buy the company report.
Recent activity
Neela Textiles (Gujarat) Private Limited has 5 board changes on record since 2002: 3 appointments and 2 cessations. The latest: Bhogibhai Patel Motibhai ceased to be Director on 21 Jun 2020.
1 earlier event is in the company report.
Frequently asked questions
Neela Textiles (Gujarat) has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Neela Textiles (Gujarat) was a private limited company based in Ahmedabad, Gujarat, India. The company worked in textile, within the apparel and fashion industry. It was incorporated on 05 August 2002 and is registered under CIN U17119GJ2002PTC041064. The company has been struck off by the Registrar of Companies and is no longer operational.
Neela Textiles (Gujarat) had 3 directors:
- Bhupendrakumar Motibhai Patel - Director
- Hasmukhbhai Motibhai Patel - Director
- Suhashkumar Bhogilal Patel - Director
The CIN (Corporate Identification Number) of Neela Textiles (Gujarat) is U17119GJ2002PTC041064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Neela Textiles (Gujarat) is at 117 New Cloth Marketoutside Raipur Gate, Ahmedabad, Gujarat, India – 380002.
Neela Textiles (Gujarat) was incorporated on 05 August 2002. It is registered with the Registrar of Companies, Ahmedabad.
The latest financial statements of Neela Textiles (Gujarat) 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.
No. Neela Textiles (Gujarat) has 1 GST registration on record and it is cancelled or inactive.
Neela Textiles (Gujarat) operated in the apparel and fashion industry, in the textile segment. It worked in this industry before it was struck off.
The peers of Neela Textiles (Gujarat) by revenue are Sehgalsisters Apparels Private Limited, High Tech Fablon Private Limited, Spandanweavers Crafts Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bhogibhai Patel Motibhai ceased to be Director on 21 Jun 2020. Vimalkumar Hasmukhbhai Patel ceased to be Director on 21 Jun 2020. Suhashkumar Bhogilal Patel was appointed as Director on 01 Oct 2004. Neela Textiles (Gujarat) has 5 board changes on record in total.
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