About Shantai Exim Limited
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Shantai Exim Limited is a public limited company based in Surat, Gujarat, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 15 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2004PLC114953. Its GSTIN is 24AAECM1115D1Z8 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.84 Cr. It is led by directors including Harishbhai Fatandas Sawlani and Vasudev Fatandas Sawlani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.63 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹63.67 Lakh and EBITDA of -₹4.37 Lakh (EBITDA margin -120.4%). Revenue has declined at a compounded annual rate (CAGR) of 77% over three years and 65% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹61.59 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shantaiindustrieslimited.com.
Company details
CIN history
Shantai Exim has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51909GJ2004PLC114953, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909GJ2004PLC114953 | Current |
| U51909GJ2004PLC045155 | Previous |
| U51909MH2004PLC268676 | Previous |
Contact details
Shantai Exim Limited's registered office is in Surat, Gujarat. Its website is shantaiindustrieslimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No – 2 – 3 1st Floor, Agrasen Point City Light, Surat, Gujarat, India – 395007
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Shantai Exim 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 Shantai Exim is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shantai Exim Limited, buy the company report.
Financials of Shantai Exim Limited
FY 2025 filings availableShantai Exim Limited reported revenue of ₹3.63 Lakh (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 99% fall in the latest year. EBITDA fell 122% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹4.37 Lakh | ||||
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| Net Profit (PAT) | -₹63.67 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -120.4% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Shantai Exim Limited, buy the company report.
Board of directors of Shantai Exim Limited
Shantai Exim has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harishbhai Fatandas Sawlani Also directs: Paritosh Developers LLP, Shantai Industries Limited, Sawlani Synthetics Private Limited and 5 more | Director | 15 Dec 2004 | 21 Years 11 Months | Current |
| Vasudev Fatandas Sawlani Also directs: Paritosh Developers LLP, Shantai Industries Limited, Sawlani Synthetics Private Limited and 4 more | Director | 15 Dec 2004 | 21 Years 11 Months | Current |
| Kiran Narharibhai Doshi Also directs: Sawlani Synthetics Private Limited, Shantai Realty (India) Limited | Director | 24 Dec 2010 | 15 Years 10 Months | Current |
Auditor
Shantai Exim Limited is audited by DSI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DSI & CO. | FY 2023 | 127226W |
Shareholding
The shareholding of Shantai Exim Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shantai Exim Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2012 | 10384767 | Bank of Baroda | ₹3 Cr | Satisfied | |
| 22 May 2012 | 10357646 | Bank of Baroda | ₹3 Cr | Satisfied | |
| 21 Dec 2011 | 10323238 | Bank of Baroda | ₹3 Cr | Satisfied | |
| 25 Feb 2009 | 10147707 | Bank of Baroda | ₹30 Cr | Satisfied | |
| 27 Mar 2007 | 10081778 | Oriental Bank of Commerce | ₹10 Cr | Satisfied |
To see the full charge records of Shantai Exim Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Shantai Exim Limited has 9 court cases on record: 3 filed by Shantai Exim, 6 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 0 |
| District courts | 4 | 4 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (SPCS) | Filed against the company by Gopal Omprakash Fatesariya, Karta of Omprakash Fatesariya-Huf | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The PR. Commissioner of Income Tax 1, Surat | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner Income Tax-2, Surat | Disposed |
| District court, SURAT, Gujarat | Civil suit | Filed against the company by Narendrabhai Ramavtar Sabu- Maheshwari, Trustee of Anupama Trust | Disposed |
| District court, SURAT, Gujarat | Civil suit | Filed against the company by Narendrabhai Ramavtar Sabu- Maheshwari, Trustee of Narendra Trust | Disposed |
To see the full case history of Shantai Exim 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.
Credit ratings & regulatory alerts
Shantai Exim Limited was last rated by Icra on 22 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Nov 2021 |
To see the full credit ratings and regulatory alerts of Shantai Exim Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shantai Exim Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Shantai Exim has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sawlani Synthetics Private Limited | U17119GJ1993PTC115514 | |
| HMM Polyfab Private Limited | U17120GJ2011PTC068056 | |
| A K M Polyfab Private Limited | U51494GJ2004PTC045136 | |
| Shantai Technologies Limited | U72200GJ2009PLC058158 |
To see the full group structure of Shantai Exim Limited, buy the company report.
Employees & EPFO
Shantai Exim Limited has a workforce of 1 employees on its EPFO records as of Jun 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 1 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Shantai Exim Limited, buy the company report.
GST
Shantai Exim has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECM1115D1Z8 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shantai Exim Limited, buy the company report.
Recent activity
Shantai Exim Limited has 9 board changes on record since 2004: 3 appointments and 6 cessations. The latest: Harishbhai Fatandas Sawlani ceased to be Whole-Time Director on 25 Feb 2021.
20 earlier events are in the company report.
Frequently asked questions
Shantai Exim is an active public limited company based in Surat, Gujarat, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 15 December 2004 (22+ years old) and is registered under CIN U51909GJ2004PLC114953.
Shantai Exim has 3 current directors:
- Harishbhai Fatandas Sawlani - Director
- Vasudev Fatandas Sawlani - Director
- Kiran Narharibhai Doshi - Director
The latest financial statements of Shantai Exim on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shantai Exim is 24AAECM1115D1Z8, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Shantai Exim is U51909GJ2004PLC114953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shantai Exim has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Shantai Exim was incorporated on 15 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Harishbhai Fatandas Sawlani ceased to be Whole-Time Director on 25 Feb 2021. Vasudev Fatandas Sawlani ceased to be Whole-Time Director on 25 Feb 2021. Murli Fatandas Sawlani ceased to be Whole-Time Director on 29 Sep 2017. Shantai Exim has 9 board changes on record in total.
Shantai Exim can be reached through the website shantaiindustrieslimited.com. Its registered office is in Surat, Gujarat, India.
The registered office of Shantai Exim is at Shop No – 2 – 3 1st Floor, Agrasen Point City Light, Surat, Gujarat, India – 395007.
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