Shivdhara Spinners & Spinners Private Limited

Shivdhara Spinners & Spinners Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U17122GJ2013PTC074659 Incorporated 23 April 2013 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company manufacturing MSME · Medium
Revenue · FY 2024
₹147.27 Cr
▲ 58% YoY
Net loss · FY 2024
₹12.18 Cr
Net margin -8.3%
EBITDA · FY 2024
-₹5.25 Cr
EBITDA margin -3.6%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹29.37 Cr
Issued & subscribed
Open charges
₹224.31 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
6
Provident fund records

About Shivdhara Spinners & Spinners Private Limited

Data last updated:

Shivdhara Spinners & Spinners Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 April 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17122GJ2013PTC074659. Its GSTIN is 24AATCS0191G1Z7 (Gujarat). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.37 Cr. It is led by directors including Ashok Labhubhai Jodhani (Managing Director) and Vipulbhai Mansukhbhai Desai (Managing Director).

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 2024, the company reported a revenue of ₹147.27 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net loss of ₹12.18 Cr (net margin -8.3%) and EBITDA of -₹5.25 Cr (EBITDA margin -3.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.

The company has about 6 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹224.31 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹29.36 Cr; the latest was in November 2023. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 760 overdue payments to 72 micro and small suppliers.

Shivdhara Spinners & Spinners Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-27-0000599). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shivdharagroup.com.

Company details

CIN U17122GJ2013PTC074659
Registration Number 074659
Incorporation Date 23 April 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-27-0000599
Key People
Ashok Labhubhai Jodhani Managing Director Vipulbhai Mansukhbhai Desai Managing Director Babubhai Khodabhai Padsala Director

Recognitions & Rankings of Shivdhara Spinners & Spinners

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-27-0000599

Contact details

Shivdhara Spinners & Spinners Private Limited's registered office is in Surat, Gujarat. Its website is shivdharagroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    shivdharagroup.com
  • Registered Address
    Plot No.38 Ishvar Nagar Society Near Shyamdham Temple Sarathana Jakat Naka Kamrej Roa, D, Surat, Gujarat, India – 395006
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Comprehensive company report
Shivdhara Spinners & Spinners Private Limited - one report that includes everything
  • 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
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Financials of Shivdhara Spinners & Spinners Private Limited

FY 2025 filings available

Shivdhara Spinners & Spinners Private Limited reported revenue of ₹147.27 Cr (up 58% YoY) for FY 2024.

Revenue · FY 2024
₹147.27 Cr ▲ 58%
Net loss · FY 2024
₹12.18 Cr margin -8.3%
EBITDA · FY 2024
-₹5.25 Cr margin -3.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▼ 1%
5 years · compounded
▼ 5%

Revenue rose 58% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹147.27 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹5.25 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹12.18 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-3.6%
Net Profit Margin-8.3%
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

To see the full financial statements and ratios of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Board of directors of Shivdhara Spinners & Spinners Private Limited

Shivdhara Spinners & Spinners has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ashok Labhubhai Jodhani
Also directs: Shivdhara Exim Private Limited, Shivdhara Spintex Private Limited
Managing Director23 Apr 201313 Years 6 MonthsCurrent
Vipulbhai Mansukhbhai Desai
Also directs: Shivdhara Exim Private Limited
Managing Director23 Apr 201313 Years 6 MonthsCurrent
Babubhai Khodabhai PadsalaDirector21 Feb 20260 Years 8 MonthsCurrent
Rameshbhai Khodabhai PadsalaDirector21 Feb 20260 Years 8 MonthsCurrent
View all directors

Auditor

Shivdhara Spinners & Spinners Private Limited is audited by M.B.Nakarani & Co. for the financial year 2024.

Auditor firmFinancial yearFirm registration number
M.B.Nakarani & Co.FY 2024143299W

Shareholding

The shareholding of Shivdhara Spinners & Spinners Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Charges & borrowings

Open charges
₹224.31 Cr
Satisfied charges
None
Breakdown by lending institutions
The Cosmos Co-Operative Bank Ltd.₹204.42 Cr
Others₹19.89 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 May 2026101355377Others₹3.89 CrOpen
29 Dec 2021100537965Others₹3 CrOpen
27 Jan 2021100411619Others₹7.5 CrOpen
20 Apr 2020100338703Others₹3.5 CrOpen
27 Dec 2017100145222Others₹2 CrOpen

To see the full charge records of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Shivdhara Spinners & Spinners Private Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹29.36 Cr; the latest was in November 2023.

Total deals
11
Secondary share transfers
8
Funding rounds
3
Disclosed funding
₹29.36 Cr

Deals on record (5 of 11)

WhenDealAmountParties
Nov 2023Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Dec 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Nov 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2018Funding round₹1 CrInvestors: Shivdhara Exim Private Limited , 3 individuals

To see the full deal history of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Shivdhara Spinners & Spinners Private Limited was last rated by Crisil on 17 Sep 2020.

Rating agencyRated onRating
Crisil17 Sep 2020

To see the full credit ratings and regulatory alerts of Shivdhara Spinners & Spinners Private Limited, buy the company report.

MSME payment delays

Shivdhara Spinners & Spinners Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 760 overdue payments to 72 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 72)

SupplierAmount dueDue sinceReported on
Swastik Air Engineering
an individual supplier
an individual supplier
Sonal Ginning Factory
an individual supplier

To see the full MSME payment records of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Shivdhara Spinners & Spinners Private Limited has a workforce of 6 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
6
Active EPFO establishments
1

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-276
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Shivdhara Spinners & Spinners Private Limited, buy the company report.

GST

Shivdhara Spinners & Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AATCS0191G1Z7GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Shivdhara Spinners & Spinners Private Limited, buy the company report.

Recent activity

Shivdhara Spinners & Spinners Private Limited has 7 board changes on record since 2013: 4 appointments and 3 cessations. The latest: Babubhai Khodabhai Padsala was appointed as Director on 21 Feb 2026.

Charges
A charge with Others amounted to Rs. 3.89 Cr with Charge ID 101355377 was registered on 30 May 2026.
Appointed
Babubhai Khodabhai Padsala was appointed as Director.
Appointed
Rameshbhai Khodabhai Padsala was appointed as Director.
AGM
Shivdhara Spinners & Spinners Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shivdhara Spinners & Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100537965 was registered on 29 Dec 2021.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 100411619 was registered on 27 Jan 2021.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100338703 was registered on 20 Apr 2020.
Ceased
Kishorkumar Devchandbhai Savaj ceased to be Whole-Time Director.
Ceased
Alpeshkumar Devchandbhai Kakadia ceased to be Director.
Ceased
Atulkumar Viththaldas Desai ceased to be Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100145222 was registered on 27 Dec 2017.

7 earlier events are in the company report.

Frequently asked questions

Shivdhara Spinners & Spinners is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 April 2013 (13+ years old) and is registered under CIN U17122GJ2013PTC074659.

Shivdhara Spinners & Spinners has 4 current directors:

The latest financial statements of Shivdhara Spinners & Spinners 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 Shivdhara Spinners & Spinners is 24AATCS0191G1Z7, 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 Shivdhara Spinners & Spinners is U17122GJ2013PTC074659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Shivdhara Spinners & Spinners has 1 court case on record: 1 filed against it.

Shivdhara Spinners & Spinners was incorporated on 23 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Shivdhara Spinners & Spinners has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹29.36 Cr; the latest was in November 2023.

Babubhai Khodabhai Padsala was appointed as Director on 21 Feb 2026. Rameshbhai Khodabhai Padsala was appointed as Director on 21 Feb 2026. Kishorkumar Devchandbhai Savaj ceased to be Whole-Time Director on 09 Oct 2018. Shivdhara Spinners & Spinners has 7 board changes on record in total.

Yes, Shivdhara Spinners & Spinners is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-27-0000599).

Shivdhara Spinners & Spinners has 11 MSME Form 1 returns on record between 2019 and 2023, listing 760 overdue payments to 72 micro and small suppliers. The latest return was filed on 06 Jan 2024.