About Shivtex Spinning Private Limited
Data last updated:
Shivtex Spinning Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 30 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17309GJ2016PTC093930. Its GSTIN is 24AAXCS6848J1ZG (Gujarat).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.1 Cr. It is led by directors including Aman Dineshkumar Agrawal and Dinesh Shivbhagwan Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Survey No.230/1 Saijpur Gopalpur Near Ranipur Gam Narol Road, Ahmedabad, Gujarat, India – 380025.
As per the financials filed for FY 2023, the company reported a revenue of ₹292.01 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹1.97 Cr (net margin 0.7%) and EBITDA of ₹15.94 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 52% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹191.9 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹40.2 Cr; the latest was in May 2023. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 64 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shivtex.co.in.
Company details
Contact details
Shivtex Spinning Private Limited's registered office is in Ahmedabad, Gujarat. Its website is shivtex.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No.230/1 Saijpur Gopalpur Near Ranipur Gam Narol Road, Ahmedabad, Gujarat, India – 380025
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Shivtex Spinning 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 Shivtex Spinning Private Limited
FY 2024 filings availableShivtex Spinning Private Limited reported revenue of ₹292.01 Cr (down 28% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 52%. EBITDA fell 18% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹292.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.97 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Shivtex Spinning Private Limited, buy the company report.
Board of directors of Shivtex Spinning Private Limited
Shivtex Spinning has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aman Dineshkumar Agrawal Also directs: Shivdharani Terrain LLP, Bansal Cotspin Private Limited, Shivnidhi Cotton LLP and 2 more | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Dinesh Shivbhagwan Agrawal Also directs: Bansal Cotspin Private Limited, Gainwell Mercantiles Pvt Ltd | Director | 18 Aug 2017 | 9 Years 2 Months | Current |
| Abhishek Rajesh Agrawal Also directs: Shivdharani Terrain LLP, Bansal Cotspin Private Limited, Shivnidhi Cotton LLP and 2 more | Director | 01 Sep 2018 | 8 Years 1 Months | Current |
| Sanjay Bindal Premchand | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Navin Saraogi Also directs: Shivdharani Terrain LLP, Siddhi Cotspin Limited, Siddhi Weaves Private Limited and 5 more | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
Auditor
Shivtex Spinning Private Limited is audited by A.O. Agrawal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.O. Agrawal & Co. | FY 2023 | 119827W |
Shareholding
The shareholding of Shivtex Spinning Private 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 Shivtex Spinning Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2025 | 101197991 | Others | ₹36.09 Lakh | Open | |
| 28 Aug 2025 | 101163418 | Others | ₹35.42 Lakh | Open | |
| 27 Dec 2019 | 100319119 | State Bank of India | ₹95.59 Cr | Open | |
| 29 Aug 2017 | 100129337 | State Bank of India | ₹95.59 Cr | Open |
To see the full charge records of Shivtex Spinning Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Shivtex Spinning Private Limited has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹40.2 Cr; the latest was in May 2023.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Drakensburg Investments Limited, Platinumic FZ LLC, an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: Drakensburg Investments Limited, Platinumic FZ LLC, an individual Seller: an individual |
| Dec 2018 | Rights issue | ₹24.6 Lakh | Investors: an individual |
| Oct 2018 | Funding round | ₹10.04 Cr | Investors: Platinumic FZ LLC, 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: D. K. Realty (India) Private Limited Seller: Shubh Spin Private Limited |
To see the full deal history of Shivtex Spinning Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shivtex Spinning Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Disposed |
To see the full case history of Shivtex Spinning 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.
Credit ratings & regulatory alerts
Shivtex Spinning Private Limited was last rated by Indiarating on 09 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 09 Jun 2020 |
To see the full credit ratings and regulatory alerts of Shivtex Spinning Private Limited, buy the company report.
MSME payment delays
Shivtex Spinning Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 64 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Shivtex Spinning Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shivtex Spinning Private Limited has a workforce of 8 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Shivtex Spinning has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAXCS6848J1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shivtex Spinning Private Limited, buy the company report.
Recent activity
Shivtex Spinning Private Limited has 5 board changes on record since 2016: 5 appointments. The latest: Abhishek Rajesh Agrawal was appointed as Director on 01 Sep 2018.
2 earlier events are in the company report.
Frequently asked questions
Shivtex Spinning is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 30 September 2016 (10+ years old) and is registered under CIN U17309GJ2016PTC093930.
Shivtex Spinning has 5 current directors:
- Aman Dineshkumar Agrawal - Director
- Dinesh Shivbhagwan Agrawal - Director
- Abhishek Rajesh Agrawal - Director
- Sanjay Bindal Premchand - Director
- Navin Saraogi - Director
The latest financial statements of Shivtex Spinning on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Shivtex Spinning is 24AAXCS6848J1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Shivtex Spinning is U17309GJ2016PTC093930. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivtex Spinning has 1 court case on record: 1 filed against it.
Shivtex Spinning was incorporated on 30 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shivtex Spinning has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹40.2 Cr; the latest was in May 2023.
Abhishek Rajesh Agrawal was appointed as Director on 01 Sep 2018. Dinesh Shivbhagwan Agrawal was appointed as Director on 18 Aug 2017. Aman Dineshkumar Agrawal was appointed as Director on 30 Sep 2016. Shivtex Spinning has 5 board changes on record in total.
Shivtex Spinning has 9 MSME Form 1 returns on record between 2019 and 2023, listing 64 overdue payments to 14 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Shivtex Spinning can be reached through the website shivtex.co.in. Its registered office is in Ahmedabad, Gujarat, India.