Salasar Silk Mills Private Limited
About Salasar Silk Mills Private Limited
Data last updated:
Salasar Silk Mills Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 04 May 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U17110MH1995PTC088017.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹60 Lakh. It was led by directors Tushar Gopalkrishna Agarwal and Jyoti Manish Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 10 Floor 2nd Plot 192 Kitab Mahal Dadabhai Nawroji Road New Excelsior Cinema Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2021, the company reported a revenue of ₹8.64 Lakh, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹2.07 Lakh (net margin -24%) and EBITDA of -₹1.98 Lakh (EBITDA margin -22.9%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 16% over five years.
Court records list 1 case involving the company, including 1 filed against it.
Company details
Contact details
Salasar Silk Mills Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address10 Floor 2nd Plot 192 Kitab Mahal Dadabhai Nawroji Road New Excelsior Cinema Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Salasar Silk 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 Salasar Silk Mills is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Salasar Silk Mills Private Limited, buy the company report.
Financials of Salasar Silk Mills Private Limited
FY 2021 filings availableSalasar Silk Mills Private Limited reported revenue of ₹8.64 Lakh (up 47% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 92% 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 | ₹8.64 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.98 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.07 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.9% | ||||
| Net Profit Margin | -24% | ||||
| 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 Salasar Silk Mills Private Limited, buy the company report.
Board of directors of Salasar Silk Mills Private Limited
Salasar Silk Mills has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tushar Gopalkrishna Agarwal Also directs: Glance Capital Services LLP, Multitone Investrade Private Limited | Director | 21 Nov 1995 | 30 Years 11 Months | As last reported |
| Jyoti Manish Agrawal Also directs: Multitone Investrade Private Limited | Director | 04 Feb 2020 | 6 Years 9 Months | As last reported |
Peer comparison
Salasar Silk Mills Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajdarbar Capital Private Limited | ₹8.71 Lakh (FY 2025) | 25.0% | Agra, Uttar Pradesh, India | |||
| Jayanti Commercial Private Ltd | ₹8.66 Lakh (FY 2019) | -65.0% | Kolkata, West Bengal, India | |||
| Salasar Silk Mills Private Limitedthis company | ₹8.64 Lakh (FY 2021) | -₹2.07 Lakh | -24% | 47.0% | Mumbai, Maharashtra, India | |
| Zenith Capitals Limited | ₹8.61 Lakh (FY 2018) | -16.0% | Mumbai, Maharashtra, India | |||
| Iti Gold Loans Limited | ₹8.59 Lakh (FY 2024) | Mumbai, Maharashtra, India | ||||
| Jhuria Financial Services Pvt Ltd | ₹8.56 Lakh (FY 2020) | 38.0% | Assam, India |
To see the full peer comparison of Salasar Silk Mills Private Limited, buy the company report.
Auditor
Salasar Silk Mills Private Limited is audited by P K J & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K J & CO | FY 2020 | 124115W |
Shareholding
The shareholding of Salasar Silk Mills Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Salasar Silk Mills Private Limited, buy the company report.
Legal cases
Salasar Silk Mills Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-1 | Disposed |
To see the full case history of Salasar Silk 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Salasar Silk Mills Private Limited; 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 Salasar Silk Mills Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Salasar Silk Mills Private Limited has 5 board changes on record since 1995: 2 appointments and 3 cessations. The latest: Vaibhav Narendra Karnavat ceased to be Director on 29 Jun 2021.
Frequently asked questions
Salasar Silk Mills has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Salasar Silk Mills was a private limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 04 May 1995 and is registered under CIN U17110MH1995PTC088017. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Salasar Silk Mills was incorporated on 04 May 1995. It is registered with the Registrar of Companies, Mumbai.
Salasar Silk Mills had 2 directors:
- Tushar Gopalkrishna Agarwal - Director
- Jyoti Manish Agrawal - Director
The CIN (Corporate Identification Number) of Salasar Silk Mills is U17110MH1995PTC088017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Salasar Silk Mills is at 10 Floor 2nd Plot 192 Kitab Mahal Dadabhai Nawroji Road New Excelsior Cinema Fort, Mumbai, Maharashtra, India – 400001.
The latest financial statements of Salasar Silk Mills on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
Salasar Silk Mills operated in the financial services industry, in the nbfc segment.
The peers of Salasar Silk Mills by revenue are Rajdarbar Capital Private Limited, Jayanti Commercial Private Ltd, Zenith Capitals Limited, Iti Gold Loans Limited, Jhuria Financial Services Pvt Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Salasar Silk Mills has 1 court case on record: 1 filed against it.
Vaibhav Narendra Karnavat ceased to be Director on 29 Jun 2021. Jyoti Manish Agrawal ceased to be Additional Director on 30 Dec 2020. Jyoti Manish Agrawal was appointed as Director on 04 Feb 2020. Salasar Silk Mills has 5 board changes on record in total.
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