Sahar Industries LLP
About Sahar Industries LLP
Data last updated:
Sahar Industries LLP is a limited liability partnership (LLP) based in Mangrol, Gujarat, India. The LLP 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 02 May 2023.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN ACA-9088.
The LLP has a total obligation of contribution of ₹6 Cr. It is led by designated partners Maheshbhai Parmar and Karansinh Maheshbhai Parmar.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Block No.91 Paikee 1(B) Opp. Bharat Petroleum N.H. – 8, Moje – Moti Naroli Taluka – Mangrol, Gujarat, India – 394110.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹55.95 Cr. For the same year it recorded a net profit of ₹59.67 Lakh (net margin 1.1%) and EBITDA of -₹5.25 Cr (EBITDA margin -9.4%).
As per MCA filings, the LLP has open charges of ₹43.36 Cr and satisfied charges of ₹30.88 Cr on record. Court records list 13 cases involving the LLP, including 13 filed against it; 12 cases are pending.
Company details
Contact details
Sahar Industries LLP's registered office is in Mangrol, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressBlock No.91 Paikee 1(B) Opp. Bharat Petroleum N.H. – 8, Moje – Moti Naroli Taluka – Mangrol, Gujarat, India – 394110
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sahar Industries LLP, 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
Financials of Sahar Industries LLP
FY 2024 filings availableSahar Industries LLP reported revenue of ₹55.95 Cr for FY 2024.
Financial Statement Summary
| Statement of Account and Solvency | FY 2023-24 |
|---|---|
| Income and Expenditure | |
| Turnover | |
| Other Income | |
| Total Income | ₹55.95 Cr |
| Purchases and Direct Costs | |
| Personnel Expenses | |
| Administrative Expenses | |
| Interest | |
| Depreciation | |
| Total Expenses | |
| Profit Before Tax | |
| Tax | |
| Profit After Tax | ₹59.67 Lakh |
| Profit Transferred to Partners | |
| Assets and Liabilities | |
| Partners' Contribution | |
| Reserves and Surplus | |
| Secured Loans | |
| Unsecured Loans | |
| Trade Payables | |
| Other Liabilities and Provisions | |
| Total Liabilities | |
| Fixed Assets | |
| Investments | |
| Loans and Advances | |
| Inventories | |
| Trade Receivables | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Statement of Account and Solvency | FY 2023-24 |
|---|---|
| Profitability | |
| Net Profit Margin | 1.1% |
| Return on Partners' Funds | |
| Return on Assets | |
| Liquidity and Debt | |
| Current Ratio | |
| Debt to Partners' Funds | |
| Interest Coverage | |
| Efficiency and Growth | |
| Asset Turnover | |
| Receivable Days | |
| Turnover Growth | |
| Profit Growth | |
To see the full financial statements and ratios of Sahar Industries LLP, buy the company report.
Designated partners of Sahar Industries LLP
Sahar Industries has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maheshbhai Parmar Also directs: Vivann Yarns LLP | Designated Partner | 02 May 2023 | 3 Years 5 Months | As last reported |
| Karansinh Maheshbhai Parmar Also directs: Vivann Yarns LLP | Designated Partner | 02 May 2023 | 3 Years 5 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2025 | 101037741 | Svc Cooperative Bank Limited | ₹21.68 Cr | Open | |
| 28 Nov 2024 | 101016156 | Svc Cooperative Bank Limited | ₹21.68 Cr | Open | |
| 21 Jun 2023 | 100767739 | State Bank of India | ₹15.44 Cr | Satisfied | |
| 21 Jun 2023 | 100740044 | State Bank of India | ₹15.44 Cr | Satisfied |
To see the full charge records of Sahar Industries LLP, buy the company report.
Total charge records: 4 View all charges
Legal cases
Sahar Industries LLP has 13 court cases on record: 13 filed against it. 12 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 11 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Hitesh Daga Autho Person of R D Traders | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Manishkumar Gujarilal Mittal Autho Person of Hilotex International Pvt Ltd | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Akramnabi Mujinurrehman Shaikh Autho Per of Manohar Capitla Markets Ltd | Pending |
| NCLT, NCLT Ahmedabad | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Sahar Industries LLP, 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
No delayed payments to MSME suppliers are on our record for Sahar Industries LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Sahar Industries LLP; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sahar Industries LLP has 4 designated partner changes on record since 2023: 2 appointments and 2 cessations. The latest: Asha Mittal ceased to be Designated Partner on 01 Apr 2024.
3 earlier events are in the company report.
Frequently asked questions
Sahar Industries 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 LLP 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.
Sahar Industries is a company under insolvency, formerly operating as a limited liability partnership based in Mangrol, Gujarat, India. The LLP works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 May 2023 and is registered under LLPIN ACA-9088. Caution is advised - the LLP may not have the legal capacity to fulfil new agreements.
Sahar Industries has 2 current designated partners:
- Maheshbhai Parmar - Designated Partner
- Karansinh Maheshbhai Parmar - Designated Partner
The latest financial statements of Sahar Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2024 are in the company report.
The LLPIN (Limited Liability Partnership Identification Number) of Sahar Industries is ACA-9088. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Sahar Industries has open charges of ₹43.36 Cr and satisfied charges of ₹30.88 Cr as per latest MCA filings.
Sahar Industries has 13 court cases on record: 13 filed against it. 12 are pending. Most are in the district courts.
Sahar Industries was incorporated on 02 May 2023. It is registered with the Registrar of Companies, Ahmedabad.
Asha Mittal ceased to be Designated Partner on 01 Apr 2024. Himanshu A Mittal ceased to be Designated Partner on 01 Apr 2024. Karansinh Maheshbhai Parmar was appointed as Designated Partner on 02 May 2023. Sahar Industries has 4 designated partner changes on record in total.
The registered office of Sahar Industries is at Block No.91 Paikee 1B Opp. Bharat Petroleum N.H. – 8, Moje – Moti Naroli Taluka – Mangrol, Gujarat, India – 394110.