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 21 cases involving the company, including 1 filed by the company and 20 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 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 3 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
CIN history
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.
| CIN | Status |
|---|---|
| U17200KL2012PTC030889 | Current |
| U51311KL2012PTC030889 | Previous |
Contact details
Savute Textiles Private Limited's registered office is in Kakkanad, Kerala. Its website is savute.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVaninilayam Pra : 68 Friends Nagar Palachuvadu, Kakkanad, Kerala, India – 682038
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Savute Textiles 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 Savute Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Savute Textiles Private Limited, buy the company report.
Financials of Savute Textiles Private Limited
FY 2019 filings availableSavute Textiles Private Limited reported revenue of ₹60.66 Cr (up 3% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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 | |||||
To see the full financial statements and ratios of Savute Textiles Private Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Easwara Pillai Kesavan Nair Also directs: AAA Insolvency Professionals LLP | Irp/Rp/Liquidator | 03 Sep 2023 | 3 Years 1 Months | As last reported |
| Peedimakkal Abdulsalim Najeeb | Director | 26 Mar 2015 | 11 Years 6 Months | As last reported |
| Vinesan Gopinathan | Whole-Time Director | 28 Mar 2012 | 14 Years 6 Months | As last reported |
| Stephen Logan Also directs: HST Exports Private Limited | Director | 21 May 2012 | 14 Years 5 Months | As last reported |
Peer comparison
Savute Textiles Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 | |||
| GBKC Global Private Limited | ₹60.67 Cr (FY 2024) | -19.0% | Dehradun, Uttarakhand, India | |||
| Savute Textiles Private Limitedthis company | ₹60.66 Cr (FY 2019) | -₹13.72 Cr | -22.6% | 3.0% | 11 | 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 | |||
| Virat Spinners Private Limited | ₹60.58 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Savute Textiles Private Limited, buy the company report.
Auditor
Savute Textiles Private Limited is audited by RAJIV & RAJAGOPAL for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJIV & RAJAGOPAL | FY 2019 | 006491S |
Shareholding
The shareholding of Savute Textiles Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Savute Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2014 | 10546025 | Canara Bank | ₹20 Cr | Open |
To see the full charge records of Savute Textiles Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
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.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Funding round | ₹97.8 Lakh | Investors: 4 individuals |
| Dec 2016 | Funding round | ₹1.66 Cr | Investors: 2 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Oct 2016 | Funding round | ₹27.5 Lakh | Investors: an individual |
| Mar 2016 | Rights issue | ₹3 Lakh | Investors: an individual |
To see the full deal history of Savute Textiles Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Savute Textiles Private Limited has 21 court cases on record: 1 filed by Savute Textiles, 20 filed against it. 10 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 10 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Fullfill Fabrics Pvt. Ltd. Through Director Abhishek Vijaykumar Bajoria | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed against the company by Cheran Spinner (P) Ltd., Authorized Person and Accountant A. Janarthanan | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Fullfill Fabrics Pvt. Ltd. Ichalkaranji | Disposed |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by an individual | Pending |
To see the full case history of Savute Textiles 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 Savute Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
| Company Name | CIN | Shares held |
|---|---|---|
| Savute Textiles and Clothing Exports Private Limited | U17300KL2018PTC054924 | |
| Savute Lifestyles Private Limited | U17309KL2018PTC052525 |
Employees & EPFO
Savute Textiles Private Limited has a workforce of 11 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Savute Textiles has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AARCS2865F1Z5 | Kerala | Active | 01 Jul 2017 |
| 33AARCS2865F1Z3 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Savute Textiles Private Limited, buy the company report.
Recent activity
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.
3 earlier events are in the company report.
Frequently asked questions
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 has 4 current directors:
- Vinesan Gopinathan - Whole-Time Director
- Peedimakkal Abdulsalim Najeeb - Director
- Stephen Logan - Director
- Easwara Pillai Kesavan Nair - Irp/Rp/Liquidator
The latest financial statements of Savute Textiles on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
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 21 court cases on record: 1 filed by the company and 20 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.
The peers of Savute Textiles by revenue are Raj Cottons Pvt. Ltd, MCR Textiles Private Limited, Kothari Processors Private Limited, GBKC Global Private Limited, SRM Spinners Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Easwara Pillai Kesavan Nair was appointed as Irp/Rp/Liquidator on 03 Sep 2023. Peedimakkal Abdulsalim Najeeb ceased to be Director on 10 Nov 2021. Venky Nayar ceased to be Director on 04 Oct 2019. Savute Textiles has 10 board changes on record in total.