India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,055 Brijmohan Chiripal & family ₹2,500 Cr
Revenue · FY 2025
₹283.02 Cr
▼ 39% YoY
Net profit · FY 2025
₹70.74 Lakh
Net margin 0.2%
EBITDA · FY 2025
₹6.38 Cr
EBITDA margin 2.3%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.36 Cr
Issued & subscribed
Open charges
₹37.87 Cr
Satisfied ₹118.46 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
1
Provident fund records
About Nova Textiles Private Limited
Data last updated:
Nova Textiles Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 July 2012 and has been in existence for over 14 years.
Its director Brijmohan Chiripal and family are #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17291MH2012PTC232886. Its GSTIN is 24AAECN0382K1ZH (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.36 Cr. It was formerly known as Nandan Fabrics Private Limited and Nandan Industries Private Limited. It is led by directors Brijmohan Chiripal Devkinandan and Ravindrakumar Bajranglal Bajaj.
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 109/110 Peninsula Centre Dr. S.S. Rao Road Parel, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2025, the company reported a revenue of ₹283.02 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹70.74 Lakh (net margin 0.2%) and EBITDA of ₹6.38 Cr (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 11% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 2 brands: Nova Textile and Chiripal Group. As per MCA filings, the company has open charges of ₹37.87 Cr and satisfied charges of ₹118.46 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 1 case is pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹36.92 Cr; the latest was in November 2023. Its 6 peer companies in the Apparel industry (Denim Wear, 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 Carloo Tex Private Limited with revenue of ₹285.74 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiripalgroup.com.
Company details
CIN U17291MH2012PTC232886
Registration Number 232886
Incorporation Date 03 July 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Name history
Nova Textiles has undergone 2 name changes throughout its history. The company was previously known as Nandan Fabrics Private Limited, and Nandan Industries Private Limited. The current legal name is Nova Textiles Private Limited.
| Company Name | Status |
|---|---|
| Nova Textiles Private Limited | Current |
| Nandan Fabrics Private Limited | Previous |
| Nandan Industries Private Limited | Previous |
Key People
Brijmohan Chiripal Devkinandan Director Ravindrakumar Bajranglal Bajaj Additional Director Recognitions & Rankings of Nova Textiles
Contact details
Nova Textiles Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address109/110 Peninsula Centre Dr. S.S. Rao Road Parel, Mumbai, Maharashtra, India – 400012
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Nova Textiles Private Limited, buy the company report.
Comprehensive company report
Nova Textiles 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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Brands
Nova Textiles operates two associated brands: Nova Textile and Chiripal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fabric manufacturing and garment supplying in Tirupur, India. | novatextiles.co.in | |
| Multiple industries are operated by the diversified Chiripal Group. | chiripalgroup.com |
Business activity
The main business activity of Nova 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 Nova Textiles Private Limited, buy the company report.
Financials of Nova Textiles Private Limited
FY 2025 filings availableNova Textiles Private Limited reported revenue of ₹283.02 Cr (down 39% YoY) for FY 2025.
Revenue · FY 2025
₹283.02 Cr ▼ 39%
Net profit · FY 2025
₹70.74 Lakh margin 0.2%
EBITDA · FY 2025
₹6.38 Cr margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▼ 25%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 45%
3 years · compounded
▼ 20%
5 years · compounded
▼ 9%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 39% fall in the latest year. EBITDA fell 45% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹70.74 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Nova Textiles Private Limited, buy the company report.
Board of directors of Nova Textiles Private Limited
Nova Textiles has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brijmohan Chiripal Devkinandan Also directs: Nandan Corporation LLP, Devkinandan Corporation LLP, Vishal Fabrics Limited and 5 more | Director | 03 Jul 2012 | 14 Years 4 Months | Current |
| Ravindrakumar Bajranglal Bajaj Also directs: Devkinandan Corporation LLP, Vishal Fabrics Limited, Dholi Spintex Private Limited and 3 more | Additional Director | 06 Jan 2026 | 0 Years 10 Months | Current |
Peer comparison
Nova Textiles Private Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Denim Wear, 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 |
|---|---|---|---|---|---|---|
| Carloo Tex Private Limited | ₹285.74 Cr (FY 2024) | 1283.0% | Tirupur, Tamil Nadu, India | |||
| Dhruv Globals Limited | ₹285.05 Cr (FY 2019) | -8.0% | Faridabad, Haryana, India | |||
| Veebee Yarnntex Private Limited | ₹284.2 Cr (FY 2025) | -2.0% | Rajapalayam, Tamil Nadu, India | |||
| Nova Textiles Private Limitedthis company | ₹283.02 Cr (FY 2025) | ₹70.74 Lakh | 0.2% | -39.0% | 1 | Mumbai, Maharashtra, India |
| Shree Ginger Enterprises Limited | ₹282.29 Cr (FY 2019) | -36.0% | Thane, Maharashtra, India | |||
| Subhash Sarees & Industries Private Limited | ₹281.86 Cr (FY 2025) | 7.0% | Surat, Gujarat, India | |||
| Maruti Spintex Private Limited | ₹281.77 Cr (FY 2025) | -4.0% | Botad, Gujarat, India |
To see the full peer comparison of Nova Textiles Private Limited, buy the company report.
Auditor
Nova Textiles Private Limited is audited by JPMK AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JPMK AND COMPANY | FY 2023 | 124193W |
Shareholding
The shareholding of Nova Textiles Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nova Textiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.87 Cr
Satisfied charges
₹118.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2013 | 10442370 | Karnataka Bank Ltd. | ₹37.87 Cr | Open | |
| 25 Aug 2015 | 10605642 | United Bank of India | ₹25 Cr | Satisfied | |
| 30 Jul 2013 | 10442371 | Others | ₹93.46 Cr | Satisfied |
To see the full charge records of Nova Textiles Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Nova Textiles Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹36.92 Cr; the latest was in November 2023.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹36.92 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Kautilya Traders Pvt.Ltd. Seller: Shanti Exports Private Limited |
| Jan 2014 | Funding round | ₹17.42 Cr | Investors: Sparow Exports Private Limited , Shanti Exports Private Limited , 2 individuals |
| Aug 2013 | Funding round | ₹4 Cr | Investors: Devkinandan Corporation LLP , Chiripal Exim LLP , 2 individuals |
To see the full deal history of Nova Textiles Private 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
Nova Textiles Private Limited has 8 court cases on record: 1 filed by Nova Textiles, 7 filed against it. 1 case is pending and 7 are disposed.
Total cases
8
Filed by the company
1
Filed against the company
7
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
| District court, Kheda at Nadiad, Gujarat | Criminal complaint | Filed against the company by Y.J.Khanguda, Govt. Labour Officer and Minimum Wages Inspector Nadiad | Disposed |
| NCLAT, Court III | Tribunal matter | Filed against the company by individuals | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR RA) | Filed by the company against Government of Gujarat and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
To see the full case history of Nova Textiles Private 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
Nova Textiles Private Limited was last rated by Brickwork on 11 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 11 May 2022 |
To see the full credit ratings and regulatory alerts of Nova Textiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nova Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nova Textiles Private Limited has a workforce of 1 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-75%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1 |
| 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 |
To see the full employee and EPFO history of Nova Textiles Private Limited, buy the company report.
GST
Nova Textiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECN0382K1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nova Textiles Private Limited, buy the company report.
Recent activity
Nova Textiles Private Limited has 12 board changes on record since 2012: 4 appointments and 8 cessations. The latest: Ravindrakumar Bajranglal Bajaj was appointed as Additional Director on 06 Jan 2026.
Appointed
Ravindrakumar Bajranglal Bajaj was appointed as Additional Director.
AGM
Nova Textiles Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nova Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Karnataka Bank Ltd. of Rs. 37.87 Cr registered on 30 Jul 2013 with Charge ID 10442370 was modified on 25 Feb 2025.
Charges
A charge registered on 25 Aug 2015 via Charge ID 10605642 with United Bank Of India was fully satisfied on 12 Apr 2024.
Charges
A charge registered on 30 Jul 2013 via Charge ID 10442371 with Others was fully satisfied on 12 Apr 2024.
Ceased
Vishal Vedprakash Chiripal ceased to be Additional Director.
Appointed
Vishal Vedprakash Chiripal was appointed as Managing Director.
Charges
A charge with Others of Rs. 93.46 Cr registered on 30 Jul 2013 with Charge ID 10442371 was modified on 23 Feb 2022.
Ceased
Micheal Jeniclass Anthony ceased to be Additional Director.
Appointed
Micheal Jeniclass Anthony was appointed as Director.
Ceased
Milind Kashinath Bhortakke ceased to be Additional Director.
10 earlier events are in the company report.
Frequently asked questions
Nova Textiles is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 July 2012 (14+ years old) and is registered under CIN U17291MH2012PTC232886.
Nova Textiles has 2 current directors:
- Brijmohan Chiripal Devkinandan - Director
- Ravindrakumar Bajranglal Bajaj - Additional Director
The latest financial statements of Nova Textiles 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 Nova Textiles is 24AAECN0382K1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Nova Textiles is U17291MH2012PTC232886. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nova Textiles has 8 court cases on record: 1 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Nova Textiles was incorporated on 03 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Nova Textiles has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹36.92 Cr; the latest was in November 2023.
The peers of Nova Textiles by revenue are Carloo Tex Private Limited, Dhruv Globals Limited, Veebee Yarnntex Private Limited, Shree Ginger Enterprises Limited, Subhash Sarees & Industries Private Limited and 1 more, all in the Apparel industry (Denim Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Ravindrakumar Bajranglal Bajaj was appointed as Additional Director on 06 Jan 2026. Vishal Vedprakash Chiripal ceased to be Additional Director on 30 Sep 2022. Vishal Vedprakash Chiripal was appointed as Managing Director on 17 Jun 2022. Nova Textiles has 12 board changes on record in total.
Nova Textiles can be reached through the website chiripalgroup.com. Its registered office is in Mumbai, Maharashtra, India.
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