Shivalik Cotsyn Private Limited
About Shivalik Cotsyn Private Limited
Data last updated:
Shivalik Cotsyn Private Limited is a private limited company based in Saharanpur, Uttar Pradesh, India. 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 23 September 1993.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U17111UP1993PTC015765. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.92 Cr. It was formerly known as Shivalik Cotsyn Limited. It is led by directors Subhash Chand Gupta and Saurabh Gupta.
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 Delhi Roadsaharanpur Saharanpur, Uttar Pradesh, India – 247001.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.37 Cr (net margin -130.1%) and EBITDA of ₹1.79 Cr (EBITDA margin 98.5%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 40% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹34.06 Cr and satisfied charges of ₹15.56 Cr on record. Court records list 29 cases involving the company, including 8 filed by the company and 21 filed against it; 3 cases are pending.
Company details
CIN history
Shivalik Cotsyn has one previous CIN (Corporate Identification Number): U17111UP1993PLC015765. The current CIN is U17111UP1993PTC015765, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111UP1993PTC015765 | Current |
| U17111UP1993PLC015765 | Previous |
Contact details
Shivalik Cotsyn Private Limited's registered office is in Saharanpur, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDelhi Roadsaharanpur Saharanpur, Uttar Pradesh, India – 247001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Shivalik Cotsyn 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
Financials of Shivalik Cotsyn Private Limited
FY 2021 filings availableShivalik Cotsyn Private Limited reported revenue of ₹1.82 Cr (up 227% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 227% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 40%. EBITDA rose 196% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹1.79 Cr | ||||
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| Net Profit (PAT) | -₹2.37 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.5% | ||||
| Net Profit Margin | -130.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shivalik Cotsyn Private Limited, buy the company report.
Board of directors of Shivalik Cotsyn Private Limited
Shivalik Cotsyn has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Chand Gupta Also directs: Shivalik Cotex Limited | Director | 14 Sep 1994 | 32 Years 1 Months | As last reported |
| Saurabh Gupta | Director | 26 Mar 2001 | 25 Years 7 Months | As last reported |
Peer comparison
Shivalik Cotsyn 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 |
|---|---|---|---|---|---|---|
| Indo Knit and Embroidery Private Limited | ₹1.83 Cr (FY 2025) | 200.0% | Punjab, India | |||
| Spiffy Spools India Private Limited | ₹1.83 Cr (FY 2024) | -44.0% | Ludhiana, Punjab, India | |||
| Shivalik Cotsyn Private Limitedthis company | ₹1.82 Cr (FY 2021) | -₹2.37 Cr | -130.1% | 227.0% | Saharanpur, Uttar Pradesh, India | |
| Valentino Syntex Private Limited | ₹1.82 Cr (FY 2025) | -13.0% | Bhilwara, Rajasthan, India | |||
| Nehit Fashions Private Limited | ₹1.82 Cr (FY 2024) | 31.0% | Kolkata, West Bengal, India | |||
| RDB Knit Fabb Private Limited | ₹1.82 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Glofil Monofilaments Private Limited | ₹1.82 Cr (FY 2025) | 6.0% | Kanyakumari, Tamil Nadu, India | |||
| SDS Fashions Private Limited | ₹1.82 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shivalik Cotsyn Private Limited, buy the company report.
Auditor
Shivalik Cotsyn Private Limited is audited by A S N & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S N & ASSOCIATES | FY 2020 | 010622C |
Shareholding
The shareholding of Shivalik Cotsyn Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shivalik Cotsyn Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2014 | 10528688 | Punjab National Bank | ₹9.86 Cr | Open | |
| 05 Sep 2013 | 10451313 | Punjab National Bank | ₹1.3 Cr | Open | |
| 29 Mar 2012 | 10345794 | Punjab National Bank | ₹9.88 Cr | Open | |
| 17 Mar 2012 | 10345787 | Punjab National Bank | ₹50 Lakh | Open | |
| 17 Mar 2012 | 10345790 | Punjab National Bank | ₹8.56 Cr | Open |
To see the full charge records of Shivalik Cotsyn Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Shivalik Cotsyn Private Limited has 29 court cases on record: 8 filed by Shivalik Cotsyn, 21 filed against it. 3 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 1 |
| High courts | 6 | 2 | 0 |
| NCLT | 4 | 4 | 1 |
| NCLAT | 4 | 1 | 1 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Allahabad | Insolvency matter | Filed against the company by BLS Ecotech Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against M/S Bhavesh Texo Fab Pvt Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against M/S Bhavesh Texo Fab Pvt.Ltd. | Disposed |
| NCLT, Allahabad | Court case (Cont.A.(IBC)) | Filed against the company by Bhavesh Texo Fab Private Limited | Disposed |
| District court, Panipat, Haryana | Cheque dishonour complaint | Filed against the company by Rishabh Texco Pvt Ltd. | Disposed |
To see the full case history of Shivalik Cotsyn 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 Shivalik Cotsyn Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shivalik Cotsyn has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shivalik Cotsyn Private Limited, buy the company report.
Recent activity
Shivalik Cotsyn Private Limited has 4 board changes on record since 1994: 2 appointments and 2 cessations. The latest: Sunita Gupta ceased to be Director on 09 Aug 2017.
31 earlier events are in the company report.
Frequently asked questions
Shivalik Cotsyn 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.
Shivalik Cotsyn is a company under insolvency, formerly operating as a private limited company based in Saharanpur, Uttar Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 September 1993 and is registered under CIN U17111UP1993PTC015765. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shivalik Cotsyn has 2 current directors:
- Subhash Chand Gupta - Director
- Saurabh Gupta - Director
The latest financial statements of Shivalik Cotsyn on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shivalik Cotsyn is U17111UP1993PTC015765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivalik Cotsyn has open charges of ₹34.06 Cr and satisfied charges of ₹15.56 Cr as per latest MCA filings.
Shivalik Cotsyn has 29 court cases on record: 8 filed by the company and 21 filed against it. 3 are pending. Most are in the district courts.
Shivalik Cotsyn was incorporated on 23 September 1993. It is registered with the Registrar of Companies, Kanpur.
The peers of Shivalik Cotsyn by revenue are Indo Knit and Embroidery Private Limited, Spiffy Spools India Private Limited, Valentino Syntex Private Limited, Nehit Fashions Private Limited, RDB Knit Fabb Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sunita Gupta ceased to be Director on 09 Aug 2017. Jawahar Lal Goyal ceased to be Director on 20 Jun 2013. Saurabh Gupta was appointed as Director on 26 Mar 2001. Shivalik Cotsyn has 4 board changes on record in total.
The registered office of Shivalik Cotsyn is at Delhi Roadsaharanpur Saharanpur, Uttar Pradesh, India – 247001.