MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0006678
Patidar Cot-Spin Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹38.19 Cr
▼ 4% YoY
Net loss · FY 2024
₹2.22 Cr
Net margin -5.8%
EBITDA · FY 2024
₹1.72 Cr
EBITDA margin 4.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹41.84 Lakh
Issued & subscribed
Open charges
₹55.21 Cr
Satisfied ₹18.7 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
46
Provident fund records
About Patidar Cot-Spin Private Limited
Data last updated:
Patidar Cot-Spin Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 05 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17111GJ2006PTC048079. Its GSTIN is 24AADCP9939K1ZV (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.84 Lakh. It is led by directors including Borsaniya Bhanuben Jitendrabhai and Gopalbhai Arvindbhai Patel.
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 Office No.1102 I Square Corporate Park Near Cims Hospital Science City Road, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹38.19 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹2.22 Cr (net margin -5.8%) and EBITDA of ₹1.72 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 3% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹55.21 Cr and satisfied charges of ₹18.7 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending.
Patidar Cot-Spin Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0006678). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website patidarcotspin.com.
Company details
CIN U17111GJ2006PTC048079
Registration Number 048079
Incorporation Date 05 April 2006
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-01-0006678
Key People
Borsaniya Bhanuben Jitendrabhai Director Gopalbhai Arvindbhai Patel Director Jitendrakumar Bhupatbhai Borsaniya Director Recognitions & Rankings of Patidar Cot-Spin
Contact details
Patidar Cot-Spin Private Limited's registered office is in Ahmedabad, Gujarat. Its website is patidarcotspin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No.1102 I Square Corporate Park Near Cims Hospital Science City Road, Ahmedabad, Gujarat, India – 380060
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Patidar Cot-Spin Private Limited, buy the company report.
Comprehensive company report
Patidar Cot-Spin 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 Patidar Cot-Spin 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 Patidar Cot-Spin Private Limited, buy the company report.
Financials of Patidar Cot-Spin Private Limited
FY 2024 filings availablePatidar Cot-Spin Private Limited reported revenue of ₹38.19 Cr (down 4% YoY) for FY 2024.
Revenue · FY 2024
₹38.19 Cr ▼ 4%
Net loss · FY 2024
₹2.22 Cr margin -5.8%
EBITDA · FY 2024
₹1.72 Cr margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 9%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 39%
3 years · compounded
▼ 5%
5 years · compounded
▼ 10%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 39% 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 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 | ₹1.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.22 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | -5.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Patidar Cot-Spin Private Limited, buy the company report.
Board of directors of Patidar Cot-Spin Private Limited
Patidar Cot-Spin has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Borsaniya Bhanuben Jitendrabhai Also directs: Shivam Spinfab Limited | Director | 01 Jan 2010 | 16 Years 10 Months | Current |
| Gopalbhai Arvindbhai Patel | Director | 20 Mar 2021 | 5 Years 7 Months | Current |
| Jitendrakumar Bhupatbhai Borsaniya | Director | 21 Oct 2008 | 18 Years 0 Months | Current |
Peer comparison
Patidar Cot-Spin 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 |
|---|---|---|---|---|---|---|
| Radhey Krishna Terene Private Limited | ₹38.22 Cr (FY 2025) | -3.0% | Surat, Gujarat, India | |||
| Nath Narayan Polytex Private Limited | ₹38.22 Cr (FY 2024) | 86.0% | Surat, Gujarat, India | |||
| Stallion Denim Private Limited | ₹38.21 Cr (FY 2024) | 61.0% | Ahmedabad, Gujarat, India | |||
| Eagle Synthetics Private Limited | ₹38.19 Cr (FY 2025) | 32.0% | Surat, Gujarat, India | |||
| Patidar Cot-Spin Private Limitedthis company | ₹38.19 Cr (FY 2024) | -₹2.22 Cr | -5.8% | -4.0% | 46 | Ahmedabad, Gujarat, India |
| Vinayak Emporium Private Limited | ₹38.12 Cr (FY 2024) | -3.0% | Kolkata, West Bengal, India | |||
| Tailors Creation India Private Limited | ₹38.05 Cr (FY 2024) | -17.0% | Coimbatore, Tamil Nadu, India | |||
| Shyam Texturisers Private Limited | ₹38.04 Cr (FY 2025) | 15.0% | Surat, Gujarat, India | |||
| Jei Gowtham Textile Private Limited | ₹38.04 Cr (FY 2024) | 24.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Patidar Cot-Spin Private Limited, buy the company report.
Auditor
Patidar Cot-Spin Private Limited is audited by V. V. PATEL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. V. PATEL & CO. | FY 2023 | 118124W |
Shareholding
The shareholding of Patidar Cot-Spin 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 Patidar Cot-Spin Private Limited, buy the company report.
Charges & borrowings
Open charges
₹55.21 Cr
Satisfied charges
₹18.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2025 | 101079036 | Sidbi | ₹3.87 Cr | Open | |
| 07 Oct 2016 | 100080375 | City Union Bank Limited | ₹51.34 Cr | Open | |
| 22 Dec 2006 | 10030377 | Corporation Bank | ₹18.7 Cr | Satisfied |
To see the full charge records of Patidar Cot-Spin Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Patidar Cot-Spin Private Limited has 6 court cases on record: 1 filed by Patidar Cot-Spin, 5 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by individuals | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by individuals | Disposed |
To see the full case history of Patidar Cot-Spin 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.
MSME payment delays
Patidar Cot-Spin Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 201 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tecso Projects Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Patidar Cot-Spin Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Patidar Cot-Spin Private Limited has a workforce of 46 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
46
Active EPFO establishments
1
GST
Patidar Cot-Spin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP9939K1ZV | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Patidar Cot-Spin Private Limited, buy the company report.
Recent activity
Patidar Cot-Spin Private Limited has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Gopalbhai Arvindbhai Patel ceased to be Additional Director on 01 Sep 2021.
Charges
A charge with Sidbi amounted to Rs. 387.18 Lakh with Charge ID 101079036 was registered on 16 Apr 2025.
AGM
Patidar Cot-Spin Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with City Union Bank Limited of Rs. 5,134.00 Lakh registered on 07 Oct 2016 with Charge ID 100080375 was modified on 23 Aug 2024.
Filing
Patidar Cot-Spin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Gopalbhai Arvindbhai Patel ceased to be Additional Director.
Appointed
Gopalbhai Arvindbhai Patel was appointed as Director.
Charges
A charge registered on 22 Dec 2006 via Charge ID 10030377 with Corporation Bank was fully satisfied on 26 Dec 2016.
Charges
A charge with City Union Bank Limited amounted to Rs. 5,134.00 Lakh with Charge ID 100080375 was registered on 07 Oct 2016.
Ceased
Subhadraben Sureshbhai Amin ceased to be Director.
Charges
A charge with Corporation Bank of Rs. 1,870.00 Lakh registered on 22 Dec 2006 with Charge ID 10030377 was modified on 04 Jan 2011.
Ceased
Borsaniya Bhanuben Jitendrabhai ceased to be Additional Director.
Appointed
Borsaniya Bhanuben Jitendrabhai was appointed as Director.
8 earlier events are in the company report.
Frequently asked questions
Patidar Cot-Spin is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 05 April 2006 (20+ years old) and is registered under CIN U17111GJ2006PTC048079.
Patidar Cot-Spin has 3 current directors:
- Borsaniya Bhanuben Jitendrabhai - Director
- Gopalbhai Arvindbhai Patel - Director
- Jitendrakumar Bhupatbhai Borsaniya - Director
The latest financial statements of Patidar Cot-Spin 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 Patidar Cot-Spin is 24AADCP9939K1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Patidar Cot-Spin is U17111GJ2006PTC048079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Patidar Cot-Spin has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Patidar Cot-Spin was incorporated on 05 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Patidar Cot-Spin by revenue are Radhey Krishna Terene Private Limited, Nath Narayan Polytex Private Limited, Stallion Denim Private Limited, Eagle Synthetics Private Limited, Vinayak Emporium Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Gopalbhai Arvindbhai Patel ceased to be Additional Director on 01 Sep 2021. Gopalbhai Arvindbhai Patel was appointed as Director on 20 Mar 2021. Subhadraben Sureshbhai Amin ceased to be Director on 26 Mar 2016. Patidar Cot-Spin has 11 board changes on record in total.
Yes, Patidar Cot-Spin is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0006678).
Patidar Cot-Spin has 6 MSME Form 1 returns on record between 2019 and 2022, listing 201 overdue payments to 33 micro and small suppliers. The latest return was filed on 05 May 2022.
Patidar Cot-Spin can be reached through the website patidarcotspin.com. Its registered office is in Ahmedabad, Gujarat, India.
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