MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0013555
Saanika Polytex Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹263.47 Cr
▲ 28% YoY
Net profit · FY 2023
₹2.97 Cr
Net margin 1.1%
EBITDA · FY 2023
₹11.67 Cr
EBITDA margin 4.4%
Authorised capital
₹11.5 Cr
Registered with MCA
Paid-up capital
₹11.07 Cr
Issued & subscribed
Open charges
₹277.94 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
114
Provident fund records
About Saanika Polytex Private Limited
Data last updated:
Saanika Polytex Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17309GJ2019PTC110499. Its GSTIN is 24ABCCS8108D1ZN (Gujarat).
The company has an authorised share capital of ₹11.5 Cr and a paid-up capital of ₹11.07 Cr. It is led by directors Shalu Sumitbhai Agrawal and Sumit Omprakash Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B/405 Wing B International Trade Centre B/S. Radha Krishna Hotel Majura Gate, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2023, the company reported a revenue of ₹263.47 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹2.97 Cr (net margin 1.1%) and EBITDA of ₹11.67 Cr (EBITDA margin 4.4%).
The company has about 114 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹277.94 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.11 Cr; the latest was in March 2021. The company has 5 MSME Form 1 returns on record between 2021 and 2023, listing 40 overdue payments to 12 micro and small suppliers.
Saanika Polytex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0013555). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saanikaindustries.com.
Company details
CIN U17309GJ2019PTC110499
Registration Number 110499
Incorporation Date 24 October 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0013555
Recognitions & Rankings of Saanika Polytex
Contact details
Saanika Polytex Private Limited's registered office is in Surat, Gujarat. Its website is saanikaindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/405 Wing B International Trade Centre B/S. Radha Krishna Hotel Majura Gate, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Saanika Polytex Private Limited, buy the company report.
Comprehensive company report
Saanika Polytex 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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Financials of Saanika Polytex Private Limited
FY 2025 filings availableSaanika Polytex Private Limited reported revenue of ₹263.47 Cr (up 28% YoY) for FY 2023.
Revenue · FY 2023
₹263.47 Cr ▲ 28%
Net profit · FY 2023
₹2.97 Cr margin 1.1%
EBITDA · FY 2023
₹11.67 Cr margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
EBITDA CAGR growth
1 year
▼ 44%
Revenue rose 28% in the latest year. EBITDA fell 44% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹263.47 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹11.67 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.97 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.4% | |||
| Net Profit Margin | 1.1% | |||
| 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 Saanika Polytex Private Limited, buy the company report.
Board of directors of Saanika Polytex Private Limited
Saanika Polytex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalu Sumitbhai Agrawal | Director | 24 Oct 2019 | 7 Years 0 Months | Current |
| Sumit Omprakash Agrawal | Director | 24 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Saanika Polytex Private Limited is audited by L.P. NAHATA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L.P. NAHATA & CO | FY 2023 | 124782W |
Shareholding
The shareholding of Saanika Polytex Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Saanika Polytex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹277.94 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2024 | 100917204 | Others | ₹6 Cr | Open | |
| 15 Nov 2022 | 100640112 | Others | ₹5 Cr | Open | |
| 10 Mar 2022 | 100565953 | Others | ₹4.9 Cr | Open | |
| 08 Mar 2021 | 100423354 | Others | ₹132.38 Cr | Open | |
| 03 Mar 2021 | 100419567 | Others | ₹129.66 Cr | Open |
To see the full charge records of Saanika Polytex Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Saanika Polytex Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.11 Cr; the latest was in March 2021.
Total deals
4
Secondary share transfers
2
Rights issue
1
Funding round
1
Disclosed funding
₹10.11 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Sumit Agrawal HUF Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Sumit Agrawal HUF Seller: an individual |
| Mar 2020 | Funding round | ₹10.11 Cr | Investors: Saanika Industries Private Limited , Sarvesh Polyesters Pvt Ltd , 2 individuals |
| Dec 2019 | Rights issue | ₹88.2 Lakh | Investors: Sumit Agrawal HUF, Sarvesh Polyesters Pvt Ltd , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saanika Polytex Private Limited has 1 court case on record: 1 filed by Saanika Polytex. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
To see the full case history of Saanika Polytex 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
Saanika Polytex Private Limited has 5 MSME Form 1 returns on record between 2021 and 2023, listing 40 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rapid Global Logistics | |||
| an individual supplier | |||
| an individual supplier | |||
| Bhavya Ecopack | |||
| an individual supplier |
To see the full MSME payment records of Saanika Polytex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Saanika Polytex Private Limited has a workforce of 114 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
114
Active EPFO establishments
1
Employee growth
0.88%
GST
Saanika Polytex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABCCS8108D1ZN | Gujarat | Active | 01 Nov 2019 |
To see the full GST registrations and return filing status of Saanika Polytex Private Limited, buy the company report.
Recent activity
Saanika Polytex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Shalu Sumitbhai Agrawal was appointed as Director on 24 Oct 2019.
AGM
Saanika Polytex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 132.38 Cr registered on 08 Mar 2021 with Charge ID 100423354 was modified on 11 Jul 2025.
Charges
A charge with Others of Rs. 129.66 Cr registered on 03 Mar 2021 with Charge ID 100419567 was modified on 09 Jul 2025.
Filing
Saanika Polytex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100917204 was registered on 12 Apr 2024.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100640112 was registered on 15 Nov 2022.
Charges
A charge with Others amounted to Rs. 4.90 Cr with Charge ID 100565953 was registered on 10 Mar 2022.
Charges
A charge with Others amounted to Rs. 132.38 Cr with Charge ID 100423354 was registered on 08 Mar 2021.
Charges
A charge with Others amounted to Rs. 129.66 Cr with Charge ID 100419567 was registered on 03 Mar 2021.
Appointed
Shalu Sumitbhai Agrawal was appointed as Director.
Appointed
Sumit Omprakash Agrawal was appointed as Director.
Incorporation
24 Oct 2019
Saanika Polytex Private Limited was registered on 24 Oct 2019 with Roc Ahmedabad & aged 7 years 2 days as per MCA records.
Frequently asked questions
Saanika Polytex is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 October 2019 (7+ years old) and is registered under CIN U17309GJ2019PTC110499.
Saanika Polytex has 2 current directors:
- Shalu Sumitbhai Agrawal - Director
- Sumit Omprakash Agrawal - Director
The latest financial statements of Saanika Polytex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Saanika Polytex is 24ABCCS8108D1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Saanika Polytex is U17309GJ2019PTC110499. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saanika Polytex has 1 court case on record: 1 filed by the company. 1 is pending.
Saanika Polytex was incorporated on 24 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Saanika Polytex has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹10.11 Cr; the latest was in March 2021.
Shalu Sumitbhai Agrawal was appointed as Director on 24 Oct 2019. Sumit Omprakash Agrawal was appointed as Director on 24 Oct 2019.
Yes, Saanika Polytex is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0013555).
Saanika Polytex has 5 MSME Form 1 returns on record between 2021 and 2023, listing 40 overdue payments to 12 micro and small suppliers. The latest return was filed on 11 Jan 2024.