Savute Textiles Private Limited

Savute Textiles Private Limited - manufacturing in Kakkanad, Kerala, India. FY 2026 financials & compliance.
CIN U17200KL2012PTC030889 Incorporated 28 March 2012 ROC Ernakulam HQ Kakkanad, Kerala, India
Under Liquidation Private Limited Company manufacturing
Data last updated
Revenue · FY 2019
₹60.66 Cr
▲ 3% YoY
Net loss · FY 2019
₹13.72 Cr
Net margin -22.6%
EBITDA · FY 2019
-₹9.46 Cr
EBITDA margin -15.6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹20 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
11
Provident fund records

About Savute Textiles Private Limited

Data last updated:

Savute Textiles Private Limited is a private limited company based in Kakkanad, Kerala, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 March 2012.

The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U17200KL2012PTC030889. Its GSTIN is 32AARCS2865F1Z5 (Kerala). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Savute Trading Private Limited. It is led by directors including Vinesan Gopinathan (Whole-Time Director) and Easwara Pillai Kesavan Nair (Irp/Rp/Liquidator).

Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Vaninilayam Pra : 68 Friends Nagar Palachuvadu, Kakkanad, Kerala, India – 682038.

As per the financials filed for FY 2019, the company reported a revenue of ₹60.66 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹13.72 Cr (net margin -22.6%) and EBITDA of -₹9.46 Cr (EBITDA margin -15.6%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.

The company has about 11 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

As per MCA filings, the company has open charges of ₹20 Cr on record. Court records list 20 cases involving the company, including 1 filed by the company and 18 filed against it; 10 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹4.4 Cr; the latest was in October 2017. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Raj Cottons Pvt. Ltd with revenue of ₹60.79 Cr.

The last known website on record is savute.in.

Company Details of Savute Textiles Private Limited
CIN U17200KL2012PTC030889
Registration Number 030889
Incorporation Date 28 March 2012
ROC Ernakulam
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Non-Compliant
Key People
Vinesan Gopinathan Whole-Time Director Easwara Pillai Kesavan Nair Irp/Rp/Liquidator Peedimakkal Abdulsalim Najeeb Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    savute.in
  • Social Media
  • Registered Address
    Vaninilayam Pra : 68 Friends Nagar Palachuvadu, Kakkanad, Kerala, India – 682038
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for Savute Textiles Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Savute Textiles Private Limited

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

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Financials of Savute Textiles Private Limited FY 2019 filings available

Savute Textiles Private Limited reported revenue of ₹60.66 Cr (up 3% YoY) for FY 2019.

Revenue · FY 2019
₹60.66 Cr ▲ 3%
Net loss · FY 2019
₹13.72 Cr margin -22.6%
EBITDA · FY 2019
-₹9.46 Cr margin -15.6%

Compounded Annual Growth Rate (CAGR) of Savute Textiles Private Limited

Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▼ 301%
3 years · compounded
▼ 72%

Revenue has grown at a compounded annual rate (CAGR) of 20% over three years, including 3% growth in the latest year. EBITDA fell 301% 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 of Savute Textiles Private Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹60.66 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹9.46 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹13.72 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 of Savute Textiles Private Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin-15.6%••••••••••••••••
Net Profit Margin-22.6%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Savute Textiles are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Savute Textiles Private Limited

Savute Textiles Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Raj Cottons Pvt. Ltd₹60.79 Cr (FY 2025)••••••••24.0%••••Kishangarh, Rajasthan, India
MCR Textiles Private Limited₹60.78 Cr (FY 2024)••••••••-26.0%••••Erode, Tamil Nadu, India
Kothari Processors Private Limited₹60.75 Cr (FY 2025)••••••••-3.0%••••Howrah, West Bengal, India
Bakliwal Ginning & Pressing Private Limited₹60.69 Cr (FY 2018)••••••••-19.0%••••Khategaon, Madhya Pradesh, India
GBKC Global Private Limited₹60.67 Cr (FY 2024)••••••••-19.0%••••Dehradun, Uttarakhand, India
Savute Textiles Private Limited this company₹60.66 Cr (FY 2019)••••••••3.0%••••Kakkanad, Kerala, India
SRM Spinners Limited₹60.66 Cr (FY 2025)••••••••-8.0%••••Bhilwara, Rajasthan, India
Sant Ravidas Madhya Pradesh Hastashilp Evam Hathkargha Vikas Nigam Limited₹60.6 Cr (FY 2020)••••••••10.0%••••Bhopal, Madhya Pradesh, India
G L Jain Button Store Private Limited₹60.6 Cr (FY 2019)••••••••-36.0%••••Punjab, India
Virat Spinners Private Limited₹60.58 Cr (FY 2025)••••••••26.0%••••Ahmedabad, Gujarat, India
SGR Life Styles Private Limited₹60.55 Cr (FY 2025)••••••••18.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Savute Textiles by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Savute Textiles Private Limited

Savute Textiles Private Limited is audited by RAJIV & RAJAGOPAL for the financial year 2019.

NameStatusAppointment DateCessation Date
RAJIV & RAJAGOPALLockedLockedLocked
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Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Savute Textiles Private Limited

Savute Textiles has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Easwara Pillai Kesavan Nair
Also directs: AAA Insolvency Professionals LLP
Irp/Rp/Liquidator03 Sep 20233 Years 1 MonthsAs last reported
Peedimakkal Abdulsalim NajeebDirector26 Mar 201511 Years 6 MonthsAs last reported
Vinesan Gopinathan
Also directs: HST Exports Private Limited, Savren Linen Private Limited, Savute Lifestyles Private Limited
Whole-Time Director28 Mar 201214 Years 6 MonthsAs last reported
Stephen Logan
Also directs: HST Exports Private Limited
Director21 May 201214 Years 4 MonthsAs last reported
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Ownership and Shareholding of Savute Textiles Private Limited

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Shareholding and ownership data

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Charges & Borrowings of Savute Textiles Private Limited

Open charges
₹20 Cr
Satisfied charges
None
Breakdown by lending institutions
Canara Bank₹20.00 Cr
Latest charge details
DateLenderAmountStatus
30 Jun 2014Canara Bank₹20 CrOpen

Total charge records: 1 View all charges

Deals & Funding of Savute Textiles Private Limited

Savute Textiles Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹4.4 Cr; the latest was in October 2017.

Total deals
7
Funding rounds
4
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹4.4 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Oct 2017Funding round₹97.8 LakhInvestors: 4 individuals
Dec 2016Funding round₹1.66 CrInvestors: 2 individuals
Oct 2016Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 4 individuals
Oct 2016Funding round₹27.5 LakhInvestors: an individual
Mar 2016Rights issue₹3 LakhInvestors: an individual
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Full deal history

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Savute Textiles Private Limited

Savute Textiles Private Limited has a workforce of 11 employees as of Apr 03, 2024.

Employee count
11
Active EPFO establishments
1
Employee growth
-35.29%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Savute Textiles Private Limited

Savute Textiles has 2 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Savute Textiles And Clothing Exports Private LimitedU17300KL2018PTC054924Locked
Savute Lifestyles Private LimitedU17309KL2018PTC052525Locked

Showing major subsidiaries. Total: 2.

CIN History of Savute Textiles Private Limited

Savute Textiles has one previous CIN (Corporate Identification Number): U51311KL2012PTC030889. The current CIN is U17200KL2012PTC030889, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U17200KL2012PTC030889Current
U51311KL2012PTC030889Previous

Recent Activity on Savute Textiles Private Limited

Savute Textiles Private Limited has 10 board changes on record since 2012: 4 appointments and 6 cessations. The latest: Easwara Pillai Kesavan Nair was appointed as Irp/Rp/Liquidator on 03 Sep 2023.

Appointed
Easwara Pillai Kesavan Nair was appointed as Irp/Rp/Liquidator.
Ceased
Peedimakkal Abdulsalim Najeeb ceased to be Director.
Ceased
Venky Nayar ceased to be Director.
AGM
Savute Textiles Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Savute Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Ernakulam.
Charges
A charge with Canara Bank of Rs. 20.00 Cr registered on 30 Jun 2014 with Charge ID 10546025 was modified on 31 Jan 2018.
Ceased
Satish Gopalakrishna Pillai ceased to be Additional Director.
Appointed
Peedimakkal Abdulsalim Najeeb was appointed as Director.
Ceased
Sengodan Sellakumar ceased to be Additional Director.
Charges
A charge with Canara Bank amounted to Rs. 20.00 Cr with Charge ID 10546025 was registered on 30 Jun 2014.
Ceased
Nasreen Basheer ceased to be Whole-Time Director.
Ceased
Stephen Logan ceased to be Additional Director.

3 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Savute Textiles Private Limited

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MSME Payment Delays by Savute Textiles Private Limited

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MSME payment history

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Subsidiaries & Group Companies of Savute Textiles Private Limited

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Corporate group structure

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GST Compliance of Savute Textiles Private Limited

Savute Textiles has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
32AARCS2865F1Z5KeralaActive01 Jul 2017
33AARCS2865F1Z3Tamil NaduActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Savute Textiles Private Limited

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Frequently Asked Questions about Savute Textiles Private Limited

Savute Textiles is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.

Savute Textiles is a company under liquidation, formerly operating as a private limited company based in Kakkanad, Kerala, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 March 2012 and is registered under CIN U17200KL2012PTC030889. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Savute Textiles reported revenue of ₹60.66 Cr for FY 2019 (up 3% YoY).

Savute Textiles has 4 current directors:

Savute Textiles reported a net loss of ₹13.72 Cr (net margin -22.6%) and EBITDA of -₹9.46 Cr (EBITDA margin -15.6%) for FY 2019, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Savute Textiles is 20% over three years. In the latest year (FY 2019) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Savute Textiles is U17200KL2012PTC030889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Savute Textiles has open charges of ₹20 Cr and no satisfied charges on record as per latest MCA filings.

Savute Textiles has 20 court cases on record: 1 filed by the company and 18 filed against it. 10 are pending. Most are in the district courts.

Savute Textiles was incorporated on 28 March 2012. It is registered with the Registrar of Companies, Ernakulam.

Savute Textiles has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹4.4 Cr; the latest was in October 2017.

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