Sel Textiles Limited

Sel Textiles Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials and 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
▼ 23.00% YoY
EBITDA · FY 2021
*****
▲ 191.00% YoY
Net profit · FY 2021
*****
▲ 94.00% YoY
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
Latest available

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 Navneet Gupta and Neeraj 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.

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
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    seltextiles.com
  • Social Media
    **************
  • Registered Address
    G.T. Road Opp Mcdonalds Doraha, Ludhiana, Punjab, India – 141421
  • Industry
    Manufacturing, Textile & Fabric Production
Company report
Sel Textiles Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Sel Textiles Limited in one report.

10-year financials Directors & ownership Charges & compliance

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 *********
G Trade G1 Wholesale Trading *********

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 blur-value blur-value blur-value

Board of Directors of Sel Textiles Limited

Sel Textiles Limited is currently managed by 4 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Directors (as last reported)
Name Designation Appointment Date Tenure Status
Navneet Gupta Cfo 29 May 2014 12 Years 1 Months As last reported
Neeraj Saluja
Also directs: Shiv Narayan Investments Private Limited, Silverline Corporation Limited, Sel Renewable Power Limited and 1 more
Director 07 May 2009 17 Years 2 Months As last reported
Dhiraj Saluja
Also directs: Shiv Narayan Investments Private Limited, Silverline Corporation Limited
Director 01 Jul 2008 18 Years 0 Months As last reported
Rajeev Sharma
Also directs: Impetus Strategic Advisors Private Limited
Irp/Rp/Liquidator 06 Sep 2023 2 Years 10 Months As last reported
View all directors

Financials of Sel Textiles Limited FY 2021 filings available

Sel Textiles Limited reported revenue of ₹65.64 Cr (down 23% YoY) for FY 2021. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹65.64 Cr ▼ -23%
Profit
***** ▲ 94%
EBITDA
***** ▲ 191%
Metrics
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Revenue
Revenue from Operations
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Revenue Growth %
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Other Income
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Total Revenue
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Expenses
Total Expenses
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Raw Material Cost
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Change in Inventory FG
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Change in Inventory WIP
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Purchase of Traded Goods
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Employee Cost
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Managerial Remuneration
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Audit Fees
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Insurance
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Power & Fuel
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Interest
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Depreciation
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Other Expenses
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Profitability
EBITDA (Operating Profit)
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Operating Margin %
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Exceptional Items
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
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Profit Before Tax
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Tax & Net Profit
Tax Expense
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
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Total Assets
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Metrics
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Cash from Operating Activities (CFO)
Profit Before Tax
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Non-Cash Adjustments
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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- Interest Income
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
*****
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Debt / EBITDA
*****
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Solvency
D/E Ratio
*****
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ICR
*****
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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of Sel Textiles Limited

As of FY 2021, Sel Textiles Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

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.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Silverline Corporation Limited U17200PB2008PLC032259
**.**%

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Sel Textiles Limited

Open charges
₹4,365.88 Cr
Satisfied charges
₹0
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 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 count
303
Active EPFO establishments
5
Employee growth
-49.16%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Sel Textiles Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Sel Textiles Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Sel Textiles Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Sel Textiles Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Sel Textiles Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Sel Textiles Limited

MSME Payment Delays by Sel Textiles Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Sel Textiles Limited

Subsidiaries & Group Companies of Sel Textiles Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Sel Textiles Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Sel Textiles Limited

MCA Filings & Documents of Sel Textiles Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Sel Textiles Limited

Directors
06 Sep 2023
Rajeev Sharma was appointed as a IRP/RP/Liquidator on 06 Sep 2023 & has been associated with this company since 2 years 10 months.
Activity
30 Nov 2021
Sel Textiles Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Activity
31 Mar 2021
Sel Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chandigarh.
Charges
29 Sep 2015
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.
Charges
04 Feb 2015
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
30 Sep 2014
A charge with Central Bank Of India amounted to Rs. 473.31 Cr with Charge ID 10530372 was registered on 30 Sep 2014.

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 of Sel Textiles Limited are:

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.

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