Sel Textiles Limited

Sel Textiles Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
CIN U17299PB2008PLC032050 Incorporated 01 July 2008 ROC Chandigarh HQ Ludhiana, Punjab, India
Under Insolvency Public Limited Company manufacturing
Data last updated
Revenue · FY 2021
₹65.64 Cr
▼ 23% YoY
Net loss · FY 2021
₹4.7 Cr
Net margin -7.2%
EBITDA · FY 2021
₹32.54 Cr
EBITDA margin 49.6%
Authorised capital
₹200 Cr
Registered with MCA
Paid-up capital
₹127.06 Cr
Issued & subscribed
Open charges
₹4,365.88 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Employees · EPFO
303
Provident fund records

About Sel Textiles Limited

Data last updated:

Sel Textiles Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Sbicap Trustee Company Limited. The company 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 01 July 2008.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB2008PLC032050. Its GSTIN is 03AANCS0401M1ZJ (Punjab). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹127.06 Cr. It was formerly known as Sel Textiles Private Limited and Jupiter Drapes & Cuts Apparels Private Limited. It is led by directors including Neeraj Saluja and Dhiraj Saluja.

Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at G.T. Road Opp Mcdonalds Doraha, Ludhiana, Punjab, India – 141421.

As per the financials filed for FY 2021, the company reported a revenue of ₹65.64 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹4.7 Cr (net margin -7.2%) and EBITDA of ₹32.54 Cr (EBITDA margin 49.6%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 37% over five years.

The company has about 303 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹4,365.88 Cr on record. Court records list 27 cases involving the company, including 6 filed by the company and 17 filed against it; 9 cases are pending.

The last known website on record is seltextiles.com.

Company Details of Sel Textiles Limited
CIN U17299PB2008PLC032050
Registration Number 032050
Incorporation Date 01 July 2008
ROC Chandigarh
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Parent Company Sbicap Trustee Company Limited
Compliance Status Active Compliant
Key People
Navneet Gupta Cfo Neeraj Saluja Director Dhiraj Saluja Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    seltextiles.com
  • Social Media
    Locked
  • Registered Address
    G.T. Road Opp Mcdonalds Doraha, Ludhiana, Punjab, India – 141421
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for Sel Textiles Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Sel Textiles Limited

The main business activities of Sel Textiles are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
GTradeG1Wholesale TradingLocked
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Business activity turnover details

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

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  • Historical classifications
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Financials of Sel Textiles Limited FY 2021 filings available

Sel Textiles Limited reported revenue of ₹65.64 Cr (down 23% YoY) for FY 2021.

Revenue · FY 2021
₹65.64 Cr ▼ 23%
Net loss · FY 2021
₹4.7 Cr margin -7.2%
EBITDA · FY 2021
₹32.54 Cr margin 49.6%

Compounded Annual Growth Rate (CAGR) of Sel Textiles Limited

Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 41%
5 years · compounded
▼ 37%
EBITDA CAGR growth
1 year
▲ 191%
3 years · compounded
▲ 28%
5 years · compounded
▼ 3%

Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 23% fall in the latest year. EBITDA rose 191% 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 Sel Textiles Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹65.64 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹32.54 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹4.7 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 Sel Textiles Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin49.6%••••••••••••••••
Net Profit Margin-7.2%••••••••••••••••
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••••••••••••••••••••

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 Sel 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 Sel Textiles Limited

Sel Textiles Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Marut Nandan Textiles Ltd••••••••••••••••-Hisar, Haryana, India
Home Sizzler India Private Limited••••••••••••••••-Panipat, Haryana, India
Gokaldasexports Acharpura Private Limited••••••••••••••••2,416Bangalore, Karnataka, India
Khullar Apparels Private Limited••••••••••••••••88New Delhi, Delhi, India
Kanani Polyfab Private Limited••••••••••••••••-Mumbai, Maharashtra, India
Sel Textiles Limited this company••••••••••••••••-Ludhiana, Punjab, India
Amiee Collection Private Limited••••••••••••••••-Jaipur, Rajasthan, India
Gauri Shankar Processors Private Limited••••••••••••••••-Punjab, India
Tikamsa Dulichand Natural Fibres Limited••••••••••••••••-Indore, Madhya Pradesh, India
Shree Jagdamba Knits Private Limited••••••••••••••••-New Delhi, Delhi, India
Kwality Overseas Private Limited••••••••••••••••-Ludhiana, Punjab, India

Peers are the five companies nearest above and the five nearest below Sel Textiles by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Sel Textiles Limited

Sel Textiles Limited is audited by MANIK MALHOTRA & ASSOCIATES for the financial year 2021.

NameStatusAppointment DateCessation Date
MANIK MALHOTRA & ASSOCIATESLockedLockedLocked
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Board of Directors and KMP of Sel Textiles Limited

Sel Textiles Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Navneet GuptaCfo29 May 201412 Years 4 MonthsAs last reported
Neeraj Saluja
Also directs: Shiv Narayan Investments Private Limited, Silverline Corporation Limited, Sel Renewable Power Limited and 1 more
Director07 May 200917 Years 5 MonthsAs last reported
Dhiraj Saluja
Also directs: Shiv Narayan Investments Private Limited, Silverline Corporation Limited
Director01 Jul 200818 Years 3 MonthsAs last reported
Rajeev Sharma
Also directs: Impetus Strategic Advisors Private Limited
Irp/Rp/Liquidator06 Sep 20233 Years 1 MonthsAs last reported
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Ownership and Shareholding of Sel Textiles Limited

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Charges & Borrowings of Sel Textiles Limited

Open charges
₹4,365.88 Cr
Satisfied charges
None
Breakdown by lending institutions
Central Bank of India₹3,336.72 Cr
Allahabad Bank₹700.00 Cr
Punjab National Bank₹262.62 Cr
Union Bank of India₹63.04 Cr
Corporation Bank₹3.50 Cr
Latest charge details
DateLenderAmountStatus
04 Feb 2015Central Bank of India₹2,013.26 CrOpen
30 Sep 2014Central Bank of India₹473.31 CrOpen
29 Sep 2014Punjab National Bank₹262.62 CrOpen
30 Jun 2014Corporation Bank₹3.5 CrOpen
31 Mar 2014Union Bank of India₹63.04 CrOpen

Total charge records: 10 View all charges

Employees and EPFO Compliance at Sel Textiles Limited

Sel Textiles Limited has a workforce of 303 employees as of Feb 06, 2025.

Employee count
303
Active EPFO establishments
5
Employee growth
-49.16%
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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 Sel Textiles Limited

Sel Textiles has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Silverline Corporation LimitedU17200PB2008PLC032259Locked

Showing major subsidiaries. Total: 1.

Name History of Sel Textiles Limited

Sel Textiles has undergone 2 name changes throughout its history. The company was previously known as Sel Textiles Private Limited, and Jupiter Drapes & Cuts Apparels Private Limited. The current legal name is Sel Textiles Limited.

Company NameStatus
Sel Textiles LimitedCurrent
Sel Textiles Private LimitedPrevious
Jupiter Drapes & Cuts Apparels Private LimitedPrevious

CIN History of Sel Textiles Limited

Sel Textiles has one previous CIN (Corporate Identification Number): U17299PB2008PTC032050. The current CIN is U17299PB2008PLC032050, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U17299PB2008PLC032050Current
U17299PB2008PTC032050Previous

News related to Sel Textiles Limited

Recent Activity on Sel Textiles Limited

Sel Textiles Limited has 16 board changes on record since 2008: 4 appointments and 12 cessations. The latest: Rajeev Sharma was appointed as Irp/Rp/Liquidator on 06 Sep 2023.

Appointed
Rajeev Sharma was appointed as Irp/Rp/Liquidator.
AGM
Sel Textiles Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Sel Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chandigarh.
Ceased
Simmi Cheema ceased to be Director.
Ceased
Ram Saran Saluja ceased to be Managing Director.
Ceased
Ashwani Kumar ceased to be Director.
Ceased
Sandeep Gupta ceased to be Director.
Ceased
Abhay Ahuja ceased to be Director.
Charges
A charge with Central Bank Of India of Rs. 2,013.26 Cr registered on 04 Feb 2015 with Charge ID 10552310 was modified on 29 Sep 2015.
Ceased
Harkaran Singh Brar ceased to be Nominee Director.
Charges
A charge with Central Bank Of India amounted to Rs. 2,013.26 Cr with Charge ID 10552310 was registered on 04 Feb 2015.
Charges
A charge with Central Bank Of India amounted to Rs. 473.31 Cr with Charge ID 10530372 was registered on 30 Sep 2014.

21 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Sel Textiles Limited

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MSME Payment Delays by Sel Textiles Limited

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MSME payment history

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Subsidiaries & Group Companies of Sel Textiles Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Sel Textiles Limited

Sel Textiles has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
03AANCS0401M1ZJPunjabActive01 Jul 2017
06AANCS0401M1ZDHaryanaActive01 Jul 2017
08AANCS0401M1Z9RajasthanActive01 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 Sel Textiles Limited

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MCA filings and documents

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Frequently Asked Questions about Sel Textiles Limited

Sel Textiles 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 company 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.

Sel Textiles is a company under insolvency, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 July 2008 and is registered under CIN U17299PB2008PLC032050. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Sel Textiles reported revenue of ₹65.64 Cr for FY 2021 (down 23% YoY).

Sel Textiles has 4 current directors and KMP:

Sel Textiles reported a net loss of ₹4.7 Cr (net margin -7.2%) and EBITDA of ₹32.54 Cr (EBITDA margin 49.6%) for FY 2021, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Sel Textiles is -41% over three years and -37% over five years. In the latest year (FY 2021) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Sel Textiles is U17299PB2008PLC032050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Sel Textiles has open charges of ₹4,365.88 Cr and no satisfied charges on record as per latest MCA filings.

Sel Textiles has 27 court cases on record: 6 filed by the company and 17 filed against it. 9 are pending. Most are in the high courts.

Sel Textiles was incorporated on 01 July 2008. It is registered with the Registrar of Companies, Chandigarh.

The peers of Sel Textiles by revenue are Marut Nandan Textiles Ltd, Home Sizzler India Private Limited, Gokaldasexports Acharpura Private Limited, Khullar Apparels Private Limited, Kanani Polyfab Private Limited and 5 more, all in the Manufacturing industry (Textiles).

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