About Rameshwar Textile Mills Private Limited
Data last updated:
Rameshwar Textile Mills Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 August 1988.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17110MH1988PTC048546. Its GSTIN is 24AAACR2714D1Z0 (Gujarat). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹5.29 Cr. It was formerly known as Rameshwar Textile Mills Ltd and Rameshwar Textile Mills Pvt Ltd. It is led by directors including Rajeshkumar Rameshwardayal Bansal (Managing Director) and Sanjay Sudrania (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 71 – 73 Old Hanuman Lanekalbadevi Rd Shah Bhavan, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2021, the company reported a revenue of ₹102.22 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹9.42 Cr (net margin 9.2%) and EBITDA of ₹18.35 Cr (EBITDA margin 18%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 11% over five years.
The company has about 193 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹33.86 Cr and satisfied charges of ₹76.42 Cr on record. Court records list 20 cases involving the company, including 10 filed by the company and 10 filed against it; 1 case is pending. The company has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹35.7 Cr; the latest was in March 2014. 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 Tex Corp Private Limited with revenue of ₹132.9 Cr.
The last known website on record is rameshwaramgroup.com.
Company details
Name history
Rameshwar Textile Mills has undergone 2 name changes throughout its history. The company was previously known as Rameshwar Textile Mills Ltd, and Rameshwar Textile Mills Pvt Ltd. The current legal name is Rameshwar Textile Mills Private Limited.
| Company Name | Status |
|---|---|
| Rameshwar Textile Mills Private Limited | Current |
| Rameshwar Textile Mills Ltd | Previous |
| Rameshwar Textile Mills Pvt Ltd | Previous |
CIN history
Rameshwar Textile Mills has one previous CIN (Corporate Identification Number): U17110MH1988PLC048546. The current CIN is U17110MH1988PTC048546, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17110MH1988PTC048546 | Current |
| U17110MH1988PLC048546 | Previous |
Contact details
Rameshwar Textile Mills Private Limited's registered office is in Mumbai, Maharashtra. Its website is rameshwaramgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address71 – 73 Old Hanuman Lanekalbadevi Rd Shah Bhavan, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Rameshwar Textile Mills Private Limited, buy the company report.
- 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
Business activity
The main business activity of Rameshwar Textile 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 Rameshwar Textile Mills Private Limited, buy the company report.
Financials of Rameshwar Textile Mills Private Limited
FY 2021 filings availableRameshwar Textile Mills Private Limited reported revenue of ₹102.22 Cr (up 17% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 15% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹102.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.42 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | ||||
| Net Profit Margin | 9.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Rameshwar Textile Mills Private Limited, buy the company report.
Board of directors of Rameshwar Textile Mills Private Limited
Rameshwar Textile Mills has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Thanmal Shah Also directs: Shah Kailash & Associates LLP, Vista Solvency LLP | Irp/Rp/Liquidator | 17 Jan 2024 | 2 Years 9 Months | As last reported |
| Rajivkumar Narayandas Batra | Director | 14 Aug 2002 | 24 Years 2 Months | As last reported |
| Rajeshkumar Rameshwardayal Bansal Also directs: Shri Tirupathi Balaji Infra India LLP, Fibrous Villa Private Limited, D B Embroideries Private Limited and 3 more | Managing Director | 05 Mar 2002 | 24 Years 7 Months | As last reported |
| Vinita Pramod Devkar Also directs: Fibrous Villa Private Limited, D B Embroideries Private Limited, R J Energy Private Limited and 2 more | Director | 19 Jun 2013 | 13 Years 4 Months | As last reported |
| Yudhisthir Narayandas Batra Also directs: Kgy Glass Industries Private Limited | Director | 23 Sep 2011 | 15 Years 1 Months | As last reported |
| Sanjay Sudrania | Whole-Time Director | 01 Feb 2005 | 21 Years 8 Months | As last reported |
Peer comparison
Rameshwar Textile 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 |
|---|---|---|---|---|---|---|
| Tex Corp Private Limited | ₹132.9 Cr (FY 2025) | 24.0% | Gurgaon, Haryana, India | |||
| Harish Textile Engineers Limited | ₹132.59 Cr (FY 2024) | 13.0% | Mumbai, Maharashtra, India | |||
| Shivkripa Apparels Private Limited | ₹132.53 Cr (FY 2025) | 19.0% | Howrah, West Bengal, India | |||
| Sunrise Ginning Private Limited | ₹131.78 Cr (FY 2015) | 92.0% | Dhoraji, Gujarat, India | |||
| Roses & Angels Private Limited | ₹131.62 Cr (FY 2025) | 17.0% | Howrah, West Bengal, India | |||
| Usha Garments Manufacturing Company Private Limited | ₹131.55 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Bico Twitex Private Limited | ₹131.53 Cr (FY 2025) | 14.0% | Surat, Gujarat, India | |||
| Nandan Cotex Private Limited | ₹131.49 Cr (FY 2025) | 27.0% | Rajkot, Gujarat, India | |||
| Rameshwar Textile Mills Private Limitedthis company | ₹102.22 Cr (FY 2021) | ₹9.42 Cr | 9.2% | 17.0% | 193 | Mumbai, Maharashtra, India |
To see the full peer comparison of Rameshwar Textile Mills Private Limited, buy the company report.
Auditor
Rameshwar Textile Mills Private Limited is audited by GAURAV V SINGHVI & CO LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURAV V SINGHVI & CO LLP | FY 2021 | W100243 |
Shareholding
The shareholding of Rameshwar Textile Mills Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rameshwar Textile Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2006 | 90348717 | Others | ₹16.93 Cr | Open | |
| 10 Mar 2006 | 90347266 | Others | ₹16.93 Cr | Open | |
| 15 Sep 2012 | 10384440 | State Bank of India | ₹75.04 Cr | Satisfied | |
| 25 Mar 2009 | 10155751 | Karur Vysya Bank | ₹1.38 Cr | Satisfied |
To see the full charge records of Rameshwar Textile Mills Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Rameshwar Textile Mills Private Limited has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹35.7 Cr; the latest was in March 2014.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Funding round | ₹2.5 Cr | Investors: Arrowlink Overseas Private Limited , 2 individuals |
| Mar 2013 | Funding round | ₹5.55 Cr | Investors: Arrowlink Overseas Private Limited , K.S. Softnet Solutions Private Limited , an individual |
| Mar 2010 | Funding round | ₹6.07 Cr | Investors: Dream Financial Management Private Limited, Mahalaxmi Commotrade Private Limited, 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Terry Towel Indusries Limited , Bhumika Processors Private Limited, Vikram International Pvt Ltd |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Calcutta Developers Pvt Ltd Seller: Vikram International Pvt Ltd , 2 individuals |
To see the full deal history of Rameshwar Textile 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
Rameshwar Textile Mills Private Limited has 20 court cases on record: 10 filed by Rameshwar Textile Mills, 10 filed against it. 1 case is pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 4 | 0 |
| District courts | 8 | 6 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd. | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Avon Lifestyle Private Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Bindal Fashion Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Dakshin Gujarat Vij Company Ltd., and 2 others | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Rameshwar Textile 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
Rameshwar Textile Mills Private Limited was last rated by Icra on 23 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Sep 2020 |
To see the full credit ratings and regulatory alerts of Rameshwar Textile Mills Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rameshwar Textile Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rameshwar Textile Mills has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kgy Glass Industries Private Limited | U26100GJ2010PTC062375 |
To see the full group structure of Rameshwar Textile Mills Private Limited, buy the company report.
Employees & EPFO
Rameshwar Textile Mills Private Limited has a workforce of 193 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
Rameshwar Textile Mills has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACR2714D1Z0 | Gujarat | Active | 01 Jul 2017 |
| 24AAACR2714D2ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AAACR2714D3ZY | Gujarat | Active | 01 Jul 2017 |
| 24AAACR2714D5ZW | Gujarat | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Rameshwar Textile Mills Private Limited, buy the company report.
Recent activity
Rameshwar Textile Mills Private Limited has 14 board changes on record since 2002: 6 appointments and 8 cessations. The latest: Kailash Thanmal Shah was appointed as Irp/Rp/Liquidator on 17 Jan 2024.
14 earlier events are in the company report.
Frequently asked questions
Rameshwar Textile Mills is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Rameshwar Textile Mills is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 August 1988 and is registered under CIN U17110MH1988PTC048546. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rameshwar Textile Mills has 6 current directors:
- Rajeshkumar Rameshwardayal Bansal - Managing Director
- Sanjay Sudrania - Whole-Time Director
- Rajivkumar Narayandas Batra - Director
- Vinita Pramod Devkar - Director
- Yudhisthir Narayandas Batra - Director
- Kailash Thanmal Shah - Irp/Rp/Liquidator
The latest financial statements of Rameshwar Textile Mills on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rameshwar Textile Mills is U17110MH1988PTC048546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rameshwar Textile Mills has open charges of ₹33.86 Cr and satisfied charges of ₹76.42 Cr as per latest MCA filings.
Rameshwar Textile Mills has 20 court cases on record: 10 filed by the company and 10 filed against it. 1 is pending. Most are in the high courts.
Rameshwar Textile Mills was incorporated on 18 August 1988. It is registered with the Registrar of Companies, Mumbai.
Rameshwar Textile Mills has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹35.7 Cr; the latest was in March 2014.
The peers of Rameshwar Textile Mills by revenue are Tex Corp Private Limited, Harish Textile Engineers Limited, Shivkripa Apparels Private Limited, Sunrise Ginning Private Limited, Roses & Angels Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kailash Thanmal Shah was appointed as Irp/Rp/Liquidator on 17 Jan 2024. Bikash Agarwal ceased to be Whole-Time Director on 05 Jul 2018. Nirajkumar Bhagwandas Agrawal ceased to be Director on 28 Mar 2016. Rameshwar Textile Mills has 14 board changes on record in total.