About Sel Textiles Limited
Data last updated: 26 July 2025
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 specialises in textile and fabric production, a part of the broader manufacturing sector. Incorporated on 01 July 2008, the company has been in operation for over 18 years.
Registered with ROC Chandigarh under CIN U17299PB2008PLC032050.
Capital: an authorised share capital of ₹200 Cr and a paid-up capital of ₹127.06 Cr. 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.
Last AGM: 30 November 2021. Financial statements filed for year ended 31 March 2021. Office: 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.
The company has a workforce of approximately 303 employees as per the latest available data. It operates as a subsidiary of Sbicap Trustee Company Limited. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4,365.88 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is seltextiles.com.
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Registered AddressG.T. Road Opp Mcdonalds Doraha, Ludhiana, Punjab, India – 141421
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IndustryManufacturing, Textile & Fabric Production
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Sel Textiles Limited
Sel Textiles Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Sel Textiles Limited | Current |
| Sel Textiles Private Limited | Previous |
| Jupiter Drapes & Cuts Apparels Private Limited | Previous |
CIN History of Sel Textiles Limited
Sel Textiles Limited has one previous CIN (Corporate Identification Number): U17299PB2008PTC032050. The current CIN is U17299PB2008PLC032050, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17299PB2008PLC032050 | Current |
| U17299PB2008PTC032050 | Previous |
Business Activity of Sel Textiles Limited
Sel Textiles Limited is engaged in principal business activities including manufacturing and trade, with detailed activities including textile, leather and other apparel products, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Sel Textiles Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sel Textiles Limited
Sel Textiles Limited is audited by MANIK MALHOTRA & ASSOCIATES for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANIK MALHOTRA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Sel Textiles Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navneet Gupta | Cfo | 29 May 2014 | 12 Years 2 Months | As last reported |
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Neeraj Saluja
Also directs:
Shiv Narayan Investments Private Limited, Silverline Corporation Limited, Sel Renewable Power Limited and 1 more
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Director | 07 May 2009 | 17 Years 3 Months | As last reported |
| Dhiraj Saluja | Director | 01 Jul 2008 | 18 Years 1 Months | As last reported |
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Rajeev Sharma
Also directs:
Impetus Strategic Advisors Private Limited
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Irp/Rp/Liquidator | 06 Sep 2023 | 2 Years 11 Months | As last reported |
Financials of Sel Textiles Limited FY 2021 filings available
Sel Textiles Limited reported revenue of ₹65.64 Cr (down 23.00% YoY) for FY 2021.
Ten-year financial statements for Sel Textiles Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Sel Textiles Limited
Shareholding and ownership data for Sel Textiles Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Sel Textiles Limited
Sel Textiles Limited has 1 subsidiary company. This group structure data is as of FY 2021. The corporate group structure reflects Sel Textiles Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Silverline Corporation Limited | U17200PB2008PLC032259 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Sel Textiles Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Feb 2015 | Central Bank of India | ₹2,013.26 Cr | Open |
| 30 Sep 2014 | Central Bank of India | ₹473.31 Cr | Open |
| 29 Sep 2014 | Punjab National Bank | ₹262.62 Cr | Open |
| 30 Jun 2014 | Corporation Bank | ₹3.5 Cr | Open |
| 31 Mar 2014 | Union Bank of India | ₹63.04 Cr | Open |
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 and EPFO history for Sel Textiles Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Sel Textiles Limited
GST registrations and filing compliance for Sel Textiles Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Sel Textiles Limited
Credit ratings, litigation, and regulatory alerts for Sel Textiles Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Sel Textiles Limited
MSME payment history for Sel Textiles Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Sel Textiles Limited
Corporate group structure for Sel Textiles Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Sel Textiles Limited
MCA filings and documents for Sel Textiles Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Sel Textiles Limited
Recent News on Sel Textiles Limited
Frequently Asked Questions about Sel Textiles Limited
Sel Textiles Limited 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 Limited is a company under insolvency, formerly operating as a public limited company in the manufacturing sector based in Ludhiana, Punjab, India. 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 Limited reported revenue of ₹65.64 Cr for FY 2021 (down 23.00% YoY).
The current directors and KMP of Sel Textiles Limited are:
- Navneet Gupta - Cfo
- Neeraj Saluja - Director
- Dhiraj Saluja - Director
- Rajeev Sharma - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Sel Textiles Limited 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 Limited has open charges of ₹4,365.88 Cr and no satisfied charges on record as per latest MCA filings.