MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0013116
Olive Tex Silk Mills Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹207.48 Cr
▲ 8% YoY
Net profit · FY 2025
₹12.74 Cr
Net margin 6.1%
EBITDA · FY 2025
₹21.16 Cr
EBITDA margin 10.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.19 Cr
Issued & subscribed
Open charges
₹31.1 Cr
Satisfied ₹100.18 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
104
Provident fund records
About Olive Tex Silk Mills Private Limited
Data last updated:
Olive Tex Silk Mills 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 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17299MH2007PTC166694. Its GSTIN is 27AAACO8866D1Z8 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.19 Cr. It is led by directors including Kunal Narendra Agrawal and Narendra Agrawal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹207.48 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹12.74 Cr (net margin 6.1%) and EBITDA of ₹21.16 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
The company has about 104 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.1 Cr and satisfied charges of ₹100.18 Cr on record. Court records list 24 cases involving the company, including 2 filed by the company and 22 filed against it; 12 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.83 Cr; the latest was in March 2021. 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, 4 larger and 2 smaller; the largest is Tag Developers Pvt Ltd with revenue of ₹208.74 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers.
Olive Tex Silk Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0013116). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website olivetex.business.site.
Company details
CIN U17299MH2007PTC166694
Registration Number 166694
Incorporation Date 03 January 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0013116
Recognitions & Rankings of Olive Tex Silk Mills
Contact details
Olive Tex Silk Mills Private Limited's registered office is in Mumbai, Maharashtra. Its website is olivetex.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 To 108/150 To 154 Shiv Shakti Indl Estate, Sakinaka Andheri – Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Olive Tex Silk Mills Private Limited, buy the company report.
Comprehensive company report
Olive Tex Silk Mills 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 Olive Tex Silk Mills 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 Olive Tex Silk Mills Private Limited, buy the company report.
Financials of Olive Tex Silk Mills Private Limited
FY 2024 filings availableOlive Tex Silk Mills Private Limited reported revenue of ₹207.48 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹207.48 Cr ▲ 8%
Net profit · FY 2025
₹12.74 Cr margin 6.1%
EBITDA · FY 2025
₹21.16 Cr margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 16%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 8% growth in the latest year. EBITDA fell 6% 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 | ₹21.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.74 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 6.1% | ||||
| 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 Olive Tex Silk Mills Private Limited, buy the company report.
Board of directors of Olive Tex Silk Mills Private Limited
Olive Tex Silk Mills has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Narendra Agrawal Also directs: Olive Tex Foundation | Director | 10 Apr 2007 | 19 Years 6 Months | Current |
| Narendra Agrawal Also directs: Olive Tex Foundation | Director | 03 Jan 2007 | 19 Years 10 Months | Current |
| Maya Narendra Agrawal Also directs: Olive Tex Foundation | Director | 03 Jan 2007 | 19 Years 10 Months | Current |
Peer comparison
Olive Tex Silk Mills Private 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 |
|---|---|---|---|---|---|---|
| Tag Developers Pvt Ltd | ₹208.74 Cr (FY 2025) | 39.0% | Kolkata, West Bengal, India | |||
| Dipu Enterprises Pvt Limited | ₹208.63 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Morarjee Textiles Limited | ₹208.16 Cr (FY 2023) | -24.0% | Mumbai, Maharashtra, India | |||
| Victory Spinning Mills Private Limited | ₹207.66 Cr (FY 2025) | 5.0% | Namakkal, Tamil Nadu, India | |||
| Olive Tex Silk Mills Private Limitedthis company | ₹207.48 Cr (FY 2025) | ₹12.74 Cr | 6.1% | 8.0% | 104 | Mumbai, Maharashtra, India |
| Armstrong Spinning Mills Private Limited | ₹207.08 Cr (FY 2022) | 58.0% | Coimbatore, Tamil Nadu, India | |||
| Voith Paper Fabrics India Limited | ₹206.62 Cr (FY 2025) | 6.0% | Farida Bad, Haryana, India |
To see the full peer comparison of Olive Tex Silk Mills Private Limited, buy the company report.
Auditor
Olive Tex Silk Mills Private Limited is audited by SSRV & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SSRV & Associates | FY 2023 | 135901W |
Shareholding
The shareholding of Olive Tex Silk Mills 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 Olive Tex Silk Mills Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.1 Cr
Satisfied charges
₹100.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2022 | 100538415 | Others | ₹3.3 Cr | Open | |
| 16 Nov 2017 | 100137972 | Others | ₹27.8 Cr | Open | |
| 28 Mar 2008 | 10102333 | The Bharat Co-Operative Bank (Mumbai) Limited | ₹60 Lakh | Satisfied | |
| 08 Aug 2007 | 10064149 | Union Bank of India | ₹49.79 Cr | Satisfied | |
| 08 Aug 2007 | 10064148 | Union Bank of India | ₹49.79 Cr | Satisfied |
To see the full charge records of Olive Tex Silk Mills Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Olive Tex Silk Mills Private Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.83 Cr; the latest was in March 2021.
Total deals
10
Secondary share transfers
6
Funding rounds
4
Disclosed funding
₹5.83 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2018 | Funding round | ₹1.13 Cr | Investors: R.S. Agarwal & Sons HUF, 3 individuals |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Funding round | ₹1.5 Cr | Investors: Satyanarayan Agarwal Huf, Satya Shakambari Securities Private Limited , 2 individuals |
| Mar 2008 | Funding round | ₹2 Cr | Investors: Satyanarayan Agarwal Huf, 3 individuals |
To see the full deal history of Olive Tex Silk Mills 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
Olive Tex Silk Mills Private Limited has 24 court cases on record: 2 filed by Olive Tex Silk Mills, 22 filed against it. 12 cases are pending and 12 are disposed.
Total cases
24
Filed by the company
2
Filed against the company
22
Pending
12
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 17 | 11 |
| High courts | 6 | 5 | 1 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Maharashtra State Electricity Distribution Company Limited | Pending |
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
To see the full case history of Olive Tex Silk Mills 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
Olive Tex Silk Mills Private Limited was last rated by Care on 06 Dec 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Dec 2022 |
To see the full credit ratings and regulatory alerts of Olive Tex Silk Mills Private Limited, buy the company report.
MSME payment delays
Olive Tex Silk Mills Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Glory Dyeing Mills Private Limited | |||
| an individual supplier | |||
| Shree Suman Hardware |
To see the full MSME payment records of Olive Tex Silk Mills Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Olive Tex Silk Mills Private Limited has a workforce of 104 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
104
Active EPFO establishments
2
Employee growth
1.96%
GST
Olive Tex Silk Mills has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO8866D1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACO8866D1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Olive Tex Silk Mills Private Limited, buy the company report.
Recent activity
Olive Tex Silk Mills Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Preeti Agrawal ceased to be Additional Director on 29 Sep 2023.
AGM
Olive Tex Silk Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Olive Tex Silk Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Preeti Agrawal ceased to be Additional Director.
Charges
A charge with Others of Rs. 3.30 Cr registered on 24 Jan 2022 with Charge ID 100538415 was modified on 01 Mar 2023.
Charges
A charge with Others of Rs. 27.80 Cr registered on 16 Nov 2017 with Charge ID 100137972 was modified on 01 Mar 2023.
Charges
A charge with Others amounted to Rs. 3.30 Cr with Charge ID 100538415 was registered on 24 Jan 2022.
Charges
A charge with Others amounted to Rs. 27.80 Cr with Charge ID 100137972 was registered on 16 Nov 2017.
Charges
A charge registered on 08 Aug 2007 via Charge ID 10064148 with Union Bank Of India was fully satisfied on 12 Jan 2017.
Charges
A charge registered on 08 Aug 2007 via Charge ID 10064149 with Union Bank Of India was fully satisfied on 12 Jan 2017.
Charges
A charge with Union Bank Of India of Rs. 49.79 Cr registered on 08 Aug 2007 with Charge ID 10064149 was modified on 13 Aug 2015.
Charges
A charge with Union Bank Of India of Rs. 49.79 Cr registered on 08 Aug 2007 with Charge ID 10064148 was modified on 20 Nov 2014.
Charges
A charge registered on 28 Mar 2008 via Charge ID 10102333 with The Bharat Co-Operative Bank (Mumbai) Limited was fully satisfied on 11 Feb 2011.
7 earlier events are in the company report.
Frequently asked questions
Olive Tex Silk Mills 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 January 2007 (19+ years old) and is registered under CIN U17299MH2007PTC166694.
Olive Tex Silk Mills has 3 current directors:
- Kunal Narendra Agrawal - Director
- Narendra Agrawal - Director
- Maya Narendra Agrawal - Director
The latest financial statements of Olive Tex Silk Mills 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 GSTIN of Olive Tex Silk Mills is 27AAACO8866D1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACO8866D1ZE (Gujarat).
The CIN (Corporate Identification Number) of Olive Tex Silk Mills is U17299MH2007PTC166694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olive Tex Silk Mills has 24 court cases on record: 2 filed by the company and 22 filed against it. 12 are pending. Most are in the district courts.
Olive Tex Silk Mills was incorporated on 03 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Olive Tex Silk Mills has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.83 Cr; the latest was in March 2021.
The peers of Olive Tex Silk Mills by revenue are Tag Developers Pvt Ltd, Dipu Enterprises Pvt Limited, Morarjee Textiles Limited, Victory Spinning Mills Private Limited, Armstrong Spinning Mills Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Preeti Agrawal ceased to be Additional Director on 29 Sep 2023. Kunal Narendra Agrawal was appointed as Director on 10 Apr 2007. Maya Narendra Agrawal was appointed as Director on 03 Jan 2007. Olive Tex Silk Mills has 4 board changes on record in total.
Yes, Olive Tex Silk Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0013116).
Olive Tex Silk Mills has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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