MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0100788
Planet Spinning Mills Private Limited
Planet Spinning Mills Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹119.47 Cr
▲ 66% YoY
Net profit · FY 2025
₹1.03 Cr
Net margin 0.9%
EBITDA · FY 2025
₹4.48 Cr
EBITDA margin 3.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹31.9 Cr
Satisfied ₹29.1 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
20
Provident fund records
About Planet Spinning Mills Private Limited
Data last updated:
Planet Spinning Mills Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Jindal Worldwide Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17291MH2011PTC222105. Its GSTIN is 24AAGCP1939E1ZL (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Cr. It is led by directors Devkinandan Jagdishprashad Sharma and Vipulkumar Motibhai Patel.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jbf House 13 Old Post Office Lane Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹119.47 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net profit of ₹1.03 Cr (net margin 0.9%) and EBITDA of ₹4.48 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.9 Cr and satisfied charges of ₹29.1 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 3 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2.9 Cr; the latest was in September 2018. Its 8 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 4 smaller; the largest is Divya Fab (International) Private Limited with revenue of ₹119.94 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 3 overdue payments to 1 micro and small supplier.
Planet Spinning Mills Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0100788). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17291MH2011PTC222105
Registration Number 222105
Incorporation Date 17 September 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Jindal Worldwide Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0100788
Recognitions & Rankings of Planet Spinning Mills
Contact details
Planet Spinning Mills Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressJbf House 13 Old Post Office Lane Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Planet Spinning Mills Private Limited, buy the company report.
Comprehensive company report
Planet Spinning 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 activities of Planet Spinning Mills are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Planet Spinning Mills Private Limited, buy the company report.
Financials of Planet Spinning Mills Private Limited
FY 2025 filings availablePlanet Spinning Mills Private Limited reported revenue of ₹119.47 Cr (up 66% YoY) for FY 2025.
Revenue · FY 2025
₹119.47 Cr ▲ 66%
Net profit · FY 2025
₹1.03 Cr margin 0.9%
EBITDA · FY 2025
₹4.48 Cr margin 3.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 66%
3 years · compounded
▼ 5%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▼ 1%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 66% growth in the latest year. EBITDA rose 9% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.03 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| 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 | 3.8% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Planet Spinning Mills Private Limited, buy the company report.
Board of directors of Planet Spinning Mills Private Limited
Planet Spinning Mills has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devkinandan Jagdishprashad Sharma Also directs: Jindal Creations Private Limited, Textilia Worldwide Private Limited, Balaji Weft Private Limited and 5 more | Director | 22 May 2021 | 5 Years 5 Months | Current |
| Vipulkumar Motibhai Patel Also directs: DRSV Solar Private Limited | Director | 06 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Planet Spinning Mills 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 |
|---|---|---|---|---|---|---|
| Divya Fab (International) Private Limited | ₹119.94 Cr (FY 2025) | 15.0% | Surat, Gujarat, India | |||
| Texorange Corporation Limited | ₹119.89 Cr (FY 2016) | 4.0% | Mumbai, Maharashtra, India | |||
| Shree Sidhi Vinayak Texcolours Private Limited | ₹119.8 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Shree Prakash Textiles (Gujarat) Private Limited | ₹119.72 Cr (FY 2025) | -15.0% | Ahmedabad, Gujarat, India | |||
| Planet Spinning Mills Private Limitedthis company | ₹119.47 Cr (FY 2025) | ₹1.03 Cr | 0.9% | 66.0% | 20 | Mumbai, Maharashtra, India |
| Mis Texfab Private Limited | ₹119.46 Cr (FY 2025) | -14.0% | Delhi, India | |||
| Hukam Chand Gupta Fabrics Private Limited | ₹119.29 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Rapier Machinery Manufacturing Company (India) Pvt Ltd | ₹119.14 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Akshar Spintex Limited | ₹119.05 Cr (FY 2025) | -33.0% | Jamnagar, Gujarat, India |
To see the full peer comparison of Planet Spinning Mills Private Limited, buy the company report.
Auditor
Planet Spinning Mills Private Limited is audited by ZARANA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ZARANA & ASSOCIATES | FY 2023 | 143289W |
Shareholding
The shareholding of Planet Spinning 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 Planet Spinning Mills Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.9 Cr
Satisfied charges
₹29.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2025 | 101200704 | Sidbi | ₹6.9 Cr | Open | |
| 22 Nov 2022 | 100651291 | Others | ₹25 Cr | Open | |
| 29 Dec 2011 | 10333036 | Axis Bank Limited | ₹29.1 Cr | Satisfied |
To see the full charge records of Planet Spinning Mills Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Planet Spinning Mills Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2.9 Cr; the latest was in September 2018.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹2.9 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Jindal Worldwide Limited & Amit Yamunadutt Agrawal, Jindal Worldwide Limited Seller: Quicke Exim Private Limited , Om Industrial Investment Limited , an individual |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Quicke Exim Private Limited , Om Industrial Investment Limited Seller: an individual |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹2.9 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Planet Spinning Mills Private Limited has 11 court cases on record: 4 filed by Planet Spinning Mills, 7 filed against it. 3 cases are pending and 8 are disposed.
Total cases
11
Filed by the company
4
Filed against the company
7
Pending
3
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 1 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax Circle 4(3)(1), Mumbai | Pending |
| District court, RAJKOT, Gujarat | Court case (SPCS) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court of Gujarat | Appeal | Filed against the company by Kaushik Cotton Corporation | Disposed |
To see the full case history of Planet Spinning 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.
MSME payment delays
Planet Spinning Mills Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 3 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Planet Spinning Mills Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Planet Spinning Mills Private Limited has a workforce of 20 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-9.09%
GST
Planet Spinning Mills has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCP1939E1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Planet Spinning Mills Private Limited, buy the company report.
Recent activity
Planet Spinning Mills Private Limited has 15 board changes on record since 2012: 2 appointments and 13 cessations. The latest: Vipulkumar Motibhai Patel ceased to be Additional Director on 13 Sep 2024.
Charges
A charge with Sidbi amounted to Rs. 6.90 Cr with Charge ID 101200704 was registered on 10 Dec 2025.
AGM
Planet Spinning Mills Private Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records.
Filing
Planet Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Vipulkumar Motibhai Patel ceased to be Additional Director.
Appointed
Vipulkumar Motibhai Patel was appointed as Director.
Charges
A charge with Others of Rs. 25.00 Cr registered on 22 Nov 2022 with Charge ID 100651291 was modified on 17 Jun 2023.
Charges
A charge registered on 29 Dec 2011 via Charge ID 10333036 with Axis Bank Limited was fully satisfied on 06 Jun 2023.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100651291 was registered on 22 Nov 2022.
Ceased
Devkinandan Jagdishprashad Sharma ceased to be Additional Director.
Ceased
Dharmendra Lalbhai Patel ceased to be Additional Director.
Appointed
Devkinandan Jagdishprashad Sharma was appointed as Director.
Ceased
Chirag Pannalal Bundela ceased to be Additional Director.
12 earlier events are in the company report.
Frequently asked questions
Planet Spinning 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 17 September 2011 (15+ years old) and is registered under CIN U17291MH2011PTC222105.
Planet Spinning Mills has 2 current directors:
- Devkinandan Jagdishprashad Sharma - Director
- Vipulkumar Motibhai Patel - Director
The latest financial statements of Planet Spinning Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Planet Spinning Mills is 24AAGCP1939E1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Planet Spinning Mills is U17291MH2011PTC222105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Planet Spinning Mills has 11 court cases on record: 4 filed by the company and 7 filed against it. 3 are pending. Most are in the district courts.
Planet Spinning Mills was incorporated on 17 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Planet Spinning Mills has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹2.9 Cr; the latest was in September 2018.
The peers of Planet Spinning Mills by revenue are Divya Fab (International) Private Limited, Texorange Corporation Limited, Shree Sidhi Vinayak Texcolours Private Limited, Shree Prakash Textiles (Gujarat) Private Limited, Mis Texfab Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Vipulkumar Motibhai Patel ceased to be Additional Director on 13 Sep 2024. Vipulkumar Motibhai Patel was appointed as Director on 06 Mar 2024. Devkinandan Jagdishprashad Sharma ceased to be Additional Director on 30 Sep 2021. Planet Spinning Mills has 15 board changes on record in total.
Yes, Planet Spinning Mills is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0100788).
Planet Spinning Mills has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 17 May 2022.
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