Pace Clotex Private Limited
About Pace Clotex Private Limited
Data last updated:
Pace Clotex Private Limited was a private limited company based in Surat, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the finishing of man-made textiles segment of the textiles sector. It was incorporated on 27 February 1997.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17124GJ1997PTC107477. Its GSTIN is 24AABCP7105M1ZF (Gujarat).
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It was led by directors Aman Govind Baldva and Monika Aman Baldva.
Its last annual general meeting (AGM) was held on 30 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Surat, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.03 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹30.91 Lakh (net margin 41.8%) and EBITDA of ₹32.5 Lakh (EBITDA margin 43.9%). Revenue has grown at a compounded annual rate (CAGR) of 148% over three years and 18% over five years.
As per MCA filings, the company has satisfied charges of ₹13.83 Lakh on record.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressC/511 Swastik Universal, Building – Cd Wing – B Nr Valentine Cinema, Surat, Gujarat, India – 395007
- IndustryTextile, Finishing Of Man-Made Textiles, Spinning & Weaving, Textile Finishing
- 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
- One PDF report, delivered after checkout
Business Activity of Pace Clotex Private Limited
The main business activity of Pace Clotex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pace Clotex Private Limited FY 2024 filings available
Pace Clotex Private Limited reported revenue of ₹74.03 Lakh (up 445% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Pace Clotex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 445% growth 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 of Pace Clotex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹32.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.91 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 of Pace Clotex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 43.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 41.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pace Clotex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Pace Clotex Private Limited
Pace Clotex Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Textile, leather and other apparel products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajasaayee Fine Linen Private Limited | ₹74.37 Lakh (FY 2023) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Wishark Card Clothing Private Limited | ₹74.3 Lakh (FY 2024) | •••• | •••• | -26.0% | •••• | Coimbatore, Tamil Nadu, India |
| BLBR Lifestyle Private Limited | ₹74.28 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Fashionation Craftwork OPC Private Limited | ₹74.18 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Agra, Uttar Pradesh, India |
| Lavkush Silk Mills Private Limited | ₹74.09 Lakh (FY 2019) | •••• | •••• | -23.0% | •••• | Thane, Maharashtra, India |
| Pace Clotex Private Limited this company | ₹74.03 Lakh (FY 2024) | •••• | •••• | 445.0% | •••• | Surat, Gujarat, India |
| Stuti Cotex Private Limited | ₹74.03 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | Shirpur, Maharashtra, India |
| Y I International Private Limited | ₹73.99 Lakh (FY 2025) | •••• | •••• | -63.0% | •••• | New Delhi, Delhi, India |
| Koushal Charma Private Limited | ₹73.94 Lakh (FY 2024) | •••• | •••• | -39.0% | •••• | Kolkata, West Bengal, India |
| Ira Cotex Private Limited | ₹73.9 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Shirpur, Maharashtra, India |
| Schifflies India Limited | ₹73.87 Lakh (FY 2019) | •••• | •••• | -62.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Pace Clotex by revenue in the same principal business activity (Textile, leather and other apparel products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pace Clotex Private Limited
Pace Clotex Private Limited is audited by GRKG&CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GRKG&CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Pace Clotex Private Limited
Pace Clotex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aman Govind Baldva | Director | 03 Oct 2014 | 12 Years 0 Months | As last reported |
| Monika Aman Baldva | Director | 03 Oct 2014 | 12 Years 0 Months | As last reported |
Ownership and Shareholding of Pace Clotex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pace Clotex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 1998 | Gujrat Industrial Investment Corporation Limited. | ₹13.83 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Pace Clotex Private Limited
Employment history and EPFO contributions of people linked to Pace Clotex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Pace Clotex Private Limited
Pace Clotex has one previous CIN (Corporate Identification Number): U17124RJ1997PTC013355. The current CIN is U17124GJ1997PTC107477, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17124GJ1997PTC107477 | Current |
| U17124RJ1997PTC013355 | Previous |
Recent Activity on Pace Clotex Private Limited
Pace Clotex Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Renu Dhoot ceased to be Director on 06 Oct 2014.
Credit Ratings, Litigation & Regulatory Alerts for Pace Clotex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pace Clotex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pace Clotex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pace Clotex Private Limited
Pace Clotex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCP7105M1ZF | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pace Clotex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pace Clotex Private Limited
Pace Clotex has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Pace Clotex was a private limited company based in Surat, Gujarat, India. The company worked in finishing of man-made textiles, within the textile industry. It was incorporated on 27 February 1997 and is registered under CIN U17124GJ1997PTC107477. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Pace Clotex is U17124GJ1997PTC107477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pace Clotex had 2 directors:
- Aman Govind Baldva - Director
- Monika Aman Baldva - Director
Pace Clotex was incorporated on 27 February 1997. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Pace Clotex is at C511 Swastik Universal, Building – Cd Wing – B Nr Valentine Cinema, Surat, Gujarat, India – 395007.
Pace Clotex reported revenue of ₹74.03 Lakh for FY 2024 (up 445% YoY).
Pace Clotex has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh.
Pace Clotex reported a net profit of ₹30.91 Lakh (net margin 41.8%) and EBITDA of ₹32.5 Lakh (EBITDA margin 43.9%) for FY 2024, as per its filed financial statements.
The GSTIN of Pace Clotex is 24AABCP7105M1ZF, registered in Gujarat.
Pace Clotex operated in the textile industry, in the finishing of man-made textiles segment.