MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0002460
Premier Spintex Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹30.26 Cr
▼ 32% YoY
Net profit · FY 2025
₹9.99 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹2.63 Cr
EBITDA margin 8.7%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹10.44 Cr
Issued & subscribed
Open charges
₹16.44 Cr
Satisfied ₹40.7 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
4
Provident fund records
About Premier Spintex Private Limited
Data last updated:
Premier Spintex 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 23 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2014PTC079865. Its GSTIN is 24AAMCA6872F1ZI (Gujarat).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.44 Cr. It was formerly known as Ahitri Spinning Mills Private Limited. It is led by directors including Gautamchand Kewalchand Surana and Jyotiben Hirabhai Ahir.
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 Surana House 9 Smruti Kunj B/H Klassic Chambers Swastik X Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.26 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹9.99 Lakh (net margin 0.3%) and EBITDA of ₹2.63 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 16% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.44 Cr and satisfied charges of ₹40.7 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 3 cases are pending. The company has 3 deals on record (3 rights issues); the latest was in April 2017. 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, 3 larger and 5 smaller; the largest is Yoyogo Textile Industry Private Limited with revenue of ₹30.35 Cr.
Premier Spintex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0002460). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ahitri.com.
Company details
CIN U17120GJ2014PTC079865
Registration Number 079865
Incorporation Date 23 June 2014
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-01-0002460
Key People
Gautamchand Kewalchand Surana Director Jyotiben Hirabhai Ahir Director Hirabhai Bavbhai Ahir Director Recognitions & Rankings of Premier Spintex
Contact details
Premier Spintex Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ahitri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurana House 9 Smruti Kunj B/H Klassic Chambers Swastik X Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Premier Spintex Private Limited, buy the company report.
Comprehensive company report
Premier Spintex 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 Premier Spintex 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 Premier Spintex Private Limited, buy the company report.
Financials of Premier Spintex Private Limited
FY 2024 filings availablePremier Spintex Private Limited reported revenue of ₹30.26 Cr (down 32% YoY) for FY 2025.
Revenue · FY 2025
₹30.26 Cr ▼ 32%
Net profit · FY 2025
₹9.99 Lakh margin 0.3%
EBITDA · FY 2025
₹2.63 Cr margin 8.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 13%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 3%
5 years · compounded
▲ 15%
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 25% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹2.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.99 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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To see the full financial statements and ratios of Premier Spintex Private Limited, buy the company report.
Board of directors of Premier Spintex Private Limited
Premier Spintex has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautamchand Kewalchand Surana | Director | 19 Nov 2021 | 4 Years 11 Months | Current |
| Jyotiben Hirabhai Ahir | Director | 23 Jun 2014 | 12 Years 4 Months | Current |
| Hirabhai Bavbhai Ahir | Director | 23 Jun 2014 | 12 Years 4 Months | Current |
| Priyank Gautamchand Surana Also directs: Sun Insulators Private Limited | Director | 19 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Premier Spintex 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 |
|---|---|---|---|---|---|---|
| Yoyogo Textile Industry Private Limited | ₹30.35 Cr (FY 2022) | -43.0% | Sitarganj, Uttarakhand, India | |||
| Sri Dharma Spinners Private Limited | ₹30.34 Cr (FY 2025) | 5.0% | Rajapalayam, Tamil Nadu, India | |||
| Selvakumar Spinners Private Limited | ₹30.31 Cr (FY 2021) | -19.0% | Vellakoil, Tamil Nadu, India | |||
| Premier Spintex Private Limitedthis company | ₹30.26 Cr (FY 2025) | ₹9.99 Lakh | 0.3% | -32.0% | 4 | Ahmedabad, Gujarat, India |
| Lakshmi Ganapathi Ginners Private Limited | ₹30.25 Cr (FY 2025) | -43.0% | Hyderabad, Telangana, India | |||
| PS Weavers Private Limited | ₹30.23 Cr (FY 2024) | 4.0% | Chennai, Tamil Nadu, India | |||
| Sidana Silk Mills Pvt Ltd | ₹30.22 Cr (FY 2025) | 19.0% | Thane, Maharashtra, India | |||
| Sugavaneswara Spinning Mills Private Limited | ₹30.22 Cr (FY 2024) | -1.0% | Salem, Tamil Nadu, India | |||
| Magnum Casuals International Private Limited | ₹30.2 Cr (FY 2025) | 9.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Premier Spintex Private Limited, buy the company report.
Auditor
Premier Spintex Private Limited is audited by Mehta Sheth & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mehta Sheth & Associates | FY 2023 | 106238W |
Shareholding
The shareholding of Premier Spintex 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 Premier Spintex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16.44 Cr
Satisfied charges
₹40.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2022 | 100578681 | Axis Bank Limited | ₹16.44 Cr | Open | |
| 11 Jan 2017 | 100075154 | Bank of India | ₹20.35 Cr | Satisfied | |
| 10 Jan 2017 | 100075152 | Bank of India | ₹20.35 Cr | Satisfied |
To see the full charge records of Premier Spintex Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Premier Spintex Private Limited has 3 deals on record (3 rights issues); the latest was in April 2017.
Total deals
3
Rights issues
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Rights issue | ₹3.44 Cr | Investors: 3 individuals |
| Jun 2016 | Rights issue | ₹4.25 Cr | Investors: 4 individuals |
| Mar 2016 | Rights issue | ₹1.75 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Premier Spintex Private Limited has 7 court cases on record: 7 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed against the company
7
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 4 | 3 |
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by individuals | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLAT, Court II | Tribunal matter | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (TAPP LC) | Filed against the company by an individual | Disposed |
To see the full case history of Premier Spintex 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
Premier Spintex Private Limited was last rated by Care on 29 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Sep 2022 |
To see the full credit ratings and regulatory alerts of Premier Spintex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Premier Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Premier Spintex Private Limited has a workforce of 4 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
GST
Premier Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCA6872F1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Premier Spintex Private Limited, buy the company report.
Recent activity
Premier Spintex Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Gautamchand Kewalchand Surana ceased to be Additional Director on 30 Nov 2021.
AGM
Premier Spintex Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Premier Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited of Rs. 16.44 Cr registered on 24 May 2022 with Charge ID 100578681 was modified on 12 Jun 2023.
Charges
A charge registered on 11 Jan 2017 via Charge ID 100075154 with Bank Of India was fully satisfied on 18 Mar 2023.
Charges
A charge registered on 10 Jan 2017 via Charge ID 100075152 with Bank Of India was fully satisfied on 18 Mar 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 16.44 Cr with Charge ID 100578681 was registered on 24 May 2022.
Ceased
Gautamchand Kewalchand Surana ceased to be Additional Director.
Ceased
Priyank Gautamchand Surana ceased to be Additional Director.
Appointed
Gautamchand Kewalchand Surana was appointed as Director.
Appointed
Priyank Gautamchand Surana was appointed as Director.
Ceased
Haresh Pramodrai Trivedi ceased to be Director.
Ceased
Parul Haresh Trivedi ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Premier Spintex 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 23 June 2014 (12+ years old) and is registered under CIN U17120GJ2014PTC079865.
Premier Spintex has 4 current directors:
- Gautamchand Kewalchand Surana - Director
- Jyotiben Hirabhai Ahir - Director
- Hirabhai Bavbhai Ahir - Director
- Priyank Gautamchand Surana - Director
The latest financial statements of Premier Spintex 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 Premier Spintex is 24AAMCA6872F1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Premier Spintex is U17120GJ2014PTC079865. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Premier Spintex has 7 court cases on record: 7 filed against it. 3 are pending. Most are in the nclat.
Premier Spintex was incorporated on 23 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Premier Spintex has 3 deals on record (3 rights issues); the latest was in April 2017.
The peers of Premier Spintex by revenue are Yoyogo Textile Industry Private Limited, Sri Dharma Spinners Private Limited, Selvakumar Spinners Private Limited, Lakshmi Ganapathi Ginners Private Limited, PS Weavers Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Gautamchand Kewalchand Surana ceased to be Additional Director on 30 Nov 2021. Priyank Gautamchand Surana ceased to be Additional Director on 30 Nov 2021. Gautamchand Kewalchand Surana was appointed as Director on 19 Nov 2021. Premier Spintex has 8 board changes on record in total.
Yes, Premier Spintex is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0002460).