MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-TS-02-0005099
Ritz Spinning Mills Private Limited - manufacturing in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹74.6 Cr
▼ 9% YoY
Net profit · FY 2024
₹48.37 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹3.65 Cr
EBITDA margin 4.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹49.13 Cr
Satisfied ₹9 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
21
Provident fund records
About Ritz Spinning Mills Private Limited
Data last updated:
Ritz Spinning Mills Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U17290TG2015PTC100571. Its GSTIN is 36AAHCR5136N1ZX (Telangana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Preetesh Asawa and Ritesh Asawa.
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 5 – 8 – 288 Chirag Ali Lane, Hyderabad, Telangana, India – 500001.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.6 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹48.37 Lakh (net margin 0.6%) and EBITDA of ₹3.65 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 8% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ritz Spinning Mills Limited. As per MCA filings, the company has open charges of ₹49.13 Cr and satisfied charges of ₹9 Cr on record.
Ritz Spinning Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0005099). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ritzspinningmills.com.
Company details
CIN U17290TG2015PTC100571
Registration Number 100571
Incorporation Date 04 September 2015
ROC Hyderabad
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 Medium
Udyam Registration UDYAM-TS-02-0005099
Key People
Preetesh Asawa Director Ritesh Asawa Director Recognitions & Rankings of Ritz Spinning Mills
Contact details
Ritz Spinning Mills Private Limited's registered office is in Hyderabad, Telangana. Its website is ritzspinningmills.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5 – 8 – 288 Chirag Ali Lane, Hyderabad, Telangana, India – 500001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ritz Spinning Mills Private Limited, buy the company report.
Comprehensive company report
Ritz 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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Brands
Ritz Spinning Mills operates one associated brand: Ritz Spinning Mills Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying yarn products for the textile industry in India. | ritzspinningmills.com |
Business activity
The main business activity of Ritz Spinning 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 Ritz Spinning Mills Private Limited, buy the company report.
Financials of Ritz Spinning Mills Private Limited
FY 2024 filings availableRitz Spinning Mills Private Limited reported revenue of ₹74.6 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹74.6 Cr ▼ 9%
Net profit · FY 2024
₹48.37 Lakh margin 0.6%
EBITDA · FY 2024
₹3.65 Cr margin 4.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 42%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 43%
3 years · compounded
▲ 40%
5 years · compounded
▲ 16%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 43% 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 | ₹3.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48.37 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Ritz Spinning Mills Private Limited, buy the company report.
Board of directors of Ritz Spinning Mills Private Limited
Ritz Spinning Mills has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preetesh Asawa | Director | 04 Sep 2015 | 11 Years 2 Months | Current |
| Ritesh Asawa | Director | 04 Sep 2015 | 11 Years 2 Months | Current |
Peer comparison
Ritz Spinning Mills Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Fifth Seasons Decor Private Limited | ₹74.76 Cr (FY 2025) | 26.0% | Mangrol, Gujarat, India | |||
| Murlidhar Tex Prints Private Limited | ₹74.75 Cr (FY 2025) | 25.0% | Surat, Gujarat, India | |||
| Dev Shree Cotsyn Private Limited | ₹74.72 Cr (FY 2025) | -5.0% | Meerut, Uttar Pradesh, India | |||
| Ritz Spinning Mills Private Limitedthis company | ₹74.6 Cr (FY 2024) | ₹48.37 Lakh | 0.6% | -9.0% | 21 | Hyderabad, Telangana, India |
| Venus Interlinings Private Limited | ₹74.53 Cr (FY 2025) | 17.0% | Jaipur, Rajasthan, India | |||
| Gne Exports Private Limited | ₹74.52 Cr (FY 2024) | 8.0% | Phagwara, Punjab, India | |||
| Sree Thangam Weaving Mill (India) Private Limited | ₹74.45 Cr (FY 2025) | -4.0% | Pallipalayam, Tamil Nadu, India |
To see the full peer comparison of Ritz Spinning Mills Private Limited, buy the company report.
Auditor
Ritz Spinning Mills Private Limited is audited by S A THAKKAR ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A THAKKAR ASSOCIATES | FY 2022 | 4350S |
Shareholding
The shareholding of Ritz 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 Ritz Spinning Mills Private Limited, buy the company report.
Charges & borrowings
Open charges
₹49.13 Cr
Satisfied charges
₹9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2024 | 101027724 | Others | ₹18.7 Cr | Open | |
| 12 Oct 2022 | 100622436 | Hdfc Bank Limited | ₹56 Lakh | Open | |
| 04 Mar 2020 | 100331729 | Hdfc Bank Limited | ₹29.87 Cr | Open | |
| 19 Dec 2017 | 100148471 | Others | ₹9 Cr | Satisfied |
To see the full charge records of Ritz Spinning Mills Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Ritz Spinning Mills Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ritz Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ritz Spinning Mills Private Limited has a workforce of 21 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
21
Active EPFO establishments
1
Employee growth
-22.22%
GST
Ritz Spinning Mills has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAHCR5136N1ZX | Telangana | Active | 01 Jul 2017 |
| 36AAHCR5136N2ZW | Telangana | Active | 17 Jan 2020 |
To see the full GST registrations and return filing status of Ritz Spinning Mills Private Limited, buy the company report.
Recent activity
Ritz Spinning Mills Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Preetesh Asawa was appointed as Director on 04 Sep 2015.
Charges
A charge with Others of Rs. 1,870.00 Lakh registered on 24 Dec 2024 with Charge ID 101027724 was modified on 30 Oct 2025.
Charges
A charge with Others amounted to Rs. 1,870.00 Lakh with Charge ID 101027724 was registered on 24 Dec 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 2,987.00 Lakh registered on 04 Mar 2020 with Charge ID 100331729 was modified on 07 Nov 2024.
AGM
Ritz Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ritz Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 56.00 Lakh with Charge ID 100622436 was registered on 12 Oct 2022.
Charges
A charge registered on 19 Dec 2017 via Charge ID 100148471 with Others was fully satisfied on 08 Dec 2020.
Charges
A charge with Others of Rs. 900.00 Lakh registered on 19 Dec 2017 with Charge ID 100148471 was modified on 19 May 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,987.00 Lakh with Charge ID 100331729 was registered on 04 Mar 2020.
Charges
A charge with Others amounted to Rs. 900.00 Lakh with Charge ID 100148471 was registered on 19 Dec 2017.
Appointed
Preetesh Asawa was appointed as Director.
Appointed
Ritesh Asawa was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Ritz Spinning Mills is an active private limited company based in Hyderabad, Telangana, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 September 2015 (11+ years old) and is registered under CIN U17290TG2015PTC100571.
Ritz Spinning Mills has 2 current directors:
- Preetesh Asawa - Director
- Ritesh Asawa - Director
The latest financial statements of Ritz Spinning Mills 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 FY 2016 are in the company report.
The GSTIN of Ritz Spinning Mills is 36AAHCR5136N1ZX, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAHCR5136N2ZW (Telangana).
The CIN (Corporate Identification Number) of Ritz Spinning Mills is U17290TG2015PTC100571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritz Spinning Mills was incorporated on 04 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Ritz Spinning Mills by revenue are Fifth Seasons Decor Private Limited, Murlidhar Tex Prints Private Limited, Dev Shree Cotsyn Private Limited, Venus Interlinings Private Limited, Gne Exports Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Preetesh Asawa was appointed as Director on 04 Sep 2015. Ritesh Asawa was appointed as Director on 04 Sep 2015.
Yes, Ritz Spinning Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0005099).
Ritz Spinning Mills can be reached through the website ritzspinningmills.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Ritz Spinning Mills is at 5 – 8 – 288 Chirag Ali Lane, Hyderabad, Telangana, India – 500001.
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