Sarovar Spintex Private Limited

Sarovar Spintex Private Limited - machinery and equipment in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U17199GJ1990PTC014028 Incorporated 12 July 1990 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company machinery and equipment MSME · Micro
Data last updated
Revenue · FY 2024
₹1.45 Cr
▲ 17% YoY
Net profit · FY 2024
₹59.56 Lakh
Net margin 41.2%
EBITDA · FY 2024
₹70.56 Lakh
EBITDA margin 48.8%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹23.41 Lakh
Issued & subscribed
Open charges
₹52 Lakh
Secured borrowings
Company age
36 yrs
Est. 1990
Directors on board
2
As per MCA filings

About Sarovar Spintex Private Limited

Data last updated:

Sarovar Spintex Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 12 July 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17199GJ1990PTC014028. Its GSTIN is 24AADCS3969G1Z7 (Gujarat).

The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹23.41 Lakh. It is led by directors Sonalben Rameshbhai Gondalia and Harjibhai Ambalal Gondalia.

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 1 Functional Estate Roadno 6 New Estate Udhna, Surat, Gujarat, India – 394210.

As per the financials filed for FY 2024, the company reported a revenue of ₹1.45 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹59.56 Lakh (net margin 41.2%) and EBITDA of ₹70.56 Lakh (EBITDA margin 48.8%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.

As per MCA filings, the company has open charges of ₹52 Lakh on record.

Sarovar Spintex Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0033943). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U17199GJ1990PTC014028
Registration Number 014028
Incorporation Date 12 July 1990
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 Micro
Udyam Registration UDYAM-GJ-20-0033943
Key People
Sonalben Rameshbhai Gondalia Director Harjibhai Ambalal Gondalia Director

Recognitions & Rankings of Sarovar Spintex

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-20-0033943

Contact details

Sarovar Spintex Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    1 Functional Estate Roadno 6 New Estate Udhna, Surat, Gujarat, India – 394210
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment

To see the full contact details of Sarovar Spintex Private Limited, buy the company report.

Comprehensive company report
Sarovar Spintex 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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Business activity

The main business activity of Sarovar Spintex is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Sarovar Spintex Private Limited, buy the company report.

Financials of Sarovar Spintex Private Limited

FY 2025 filings available

Sarovar Spintex Private Limited reported revenue of ₹1.45 Cr (up 17% YoY) for FY 2024.

Revenue · FY 2024
₹1.45 Cr ▲ 17%
Net profit · FY 2024
₹59.56 Lakh margin 41.2%
EBITDA · FY 2024
₹70.56 Lakh margin 48.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 1%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 190%
3 years · compounded
▲ 42%
5 years · compounded
▲ 8%

Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 190% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹70.56 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹59.56 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin48.8%
Net Profit Margin41.2%
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 Sarovar Spintex Private Limited, buy the company report.

Board of directors of Sarovar Spintex Private Limited

Sarovar Spintex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sonalben Rameshbhai Gondalia
Also directs: Texpro Machines LLP, Mirva Chemicals Private Limited, Aalidhra Texpro Engineers Private Limited
Director25 Aug 20215 Years 2 MonthsCurrent
Harjibhai Ambalal GondaliaDirector25 Aug 20215 Years 2 MonthsCurrent
View all directors

Auditor

Sarovar Spintex Private Limited is audited by B.R. TRIVEDI & CO. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
B.R. TRIVEDI & CO.FY 2022111044W

Shareholding

The shareholding of Sarovar Spintex 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 categoryFY 2021FY 2020FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Sarovar Spintex Private Limited, buy the company report.

Charges & borrowings

Open charges
₹52 Lakh
Satisfied charges
None
Breakdown by lending institutions
Small Industrial Development Bank of India₹0.52 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Dec 199390094756Small Industrial Development Bank of India₹52 LakhOpen

To see the full charge records of Sarovar Spintex Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

Sarovar Spintex Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 26 overdue payments to 6 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 6)

SupplierAmount dueDue sinceReported on
an individual supplier
Laxmi Engineering
Hagora Techno Treats
an individual supplier
Wellsun Industries

To see the full MSME payment records of Sarovar Spintex Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Sarovar Spintex has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCS3969G1Z7GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Sarovar Spintex Private Limited, buy the company report.

Recent activity

Sarovar Spintex Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Chandrakant Chhaganbhai Gondalia ceased to be Director on 27 Aug 2021.

AGM
Sarovar Spintex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sarovar Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Chandrakant Chhaganbhai Gondalia ceased to be Director.
Ceased
Hansrajbhai Gondalia ceased to be Director.
Appointed
Harjibhai Ambalal Gondalia was appointed as Director.
Appointed
Sonalben Rameshbhai Gondalia was appointed as Director.
Ceased
Rameshbhai Gobarbhai Vora ceased to be Director.
Charges
A charge with Small Industrial Development Bank Of India of Rs. 52.00 Lakh registered on 15 Dec 1993 with Charge ID 90094756 was modified on 31 Jan 1996.
Charges
A charge with Small Industrial Development Bank Of India amounted to Rs. 52.00 Lakh with Charge ID 90094756 was registered on 15 Dec 1993.
Incorporation
12 Jul 1990
Sarovar Spintex Private Limited was registered on 12 Jul 1990 with Roc Ahmedabad & aged 36 years 3 months as per MCA records.

Frequently asked questions

Sarovar Spintex is an active private limited company based in Surat, Gujarat, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 12 July 1990 (36+ years old) and is registered under CIN U17199GJ1990PTC014028.

Sarovar Spintex has 2 current directors:

The latest financial statements of Sarovar Spintex 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 2015 are in the company report.

The GSTIN of Sarovar Spintex is 24AADCS3969G1Z7, registered in Gujarat.

The CIN (Corporate Identification Number) of Sarovar Spintex is U17199GJ1990PTC014028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Sarovar Spintex was incorporated on 12 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Chandrakant Chhaganbhai Gondalia ceased to be Director on 27 Aug 2021. Hansrajbhai Gondalia ceased to be Director on 27 Aug 2021. Harjibhai Ambalal Gondalia was appointed as Director on 25 Aug 2021. Sarovar Spintex has 5 board changes on record in total.

Yes, Sarovar Spintex is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-20-0033943).

Sarovar Spintex has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 26 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.

The registered office of Sarovar Spintex is at 1 Functional Estate Roadno 6 New Estate Udhna, Surat, Gujarat, India – 394210.

Sarovar Spintex operates in the machinery and equipment industry, in the process machinery and industrial equipment segment.