About Shrinathji Spintex Private Limited
Data last updated:
Shrinathji Spintex Private Limited is a private limited company based in Gondal, Gujarat, 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 16 November 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2010PTC062917. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.93 Cr. It is led by directors including Atul Mittal (Irp/Rp/Liquidator) and Jatin Dhirajlal Lakkad.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Gundala Road Survey No. 461 Near Khedut Solvant Behind Gujarat Ginning, Gondal, Gujarat, India – 360311.
As per the financials filed for FY 2015, the company reported a revenue of ₹102.81 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net loss of ₹7.36 Cr (net margin -7.2%) and EBITDA of -₹2.82 Cr (EBITDA margin -2.7%).
As per MCA filings, the company has open charges of ₹12.33 Cr on record. Court records list 39 cases involving the company, including 18 filed by the company and 21 filed against it; 12 cases are pending.
The last known website on record is textileinfomedia.com.
Company details
Contact details
Shrinathji Spintex Private Limited's registered office is in Gondal, Gujarat. Its website is textileinfomedia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGundala Road Survey No. 461 Near Khedut Solvant Behind Gujarat Ginning, Gondal, Gujarat, India – 360311
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Shrinathji Spintex 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
Business activity
The main business activity of Shrinathji Spintex is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Shrinathji Spintex Private Limited, buy the company report.
Financials of Shrinathji Spintex Private Limited
FY 2015 filings availableShrinathji Spintex Private Limited reported revenue of ₹102.81 Cr (up 59% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 59% in the latest year. EBITDA fell 184% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹102.81 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹2.82 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹7.36 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -2.7% |
| Net Profit Margin | -7.2% |
| 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 Shrinathji Spintex Private Limited, buy the company report.
Board of directors of Shrinathji Spintex Private Limited
Shrinathji Spintex has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Mittal | Irp/Rp/Liquidator | 26 May 2025 | 1 Years 5 Months | As last reported |
| Jatin Dhirajlal Lakkad | Director | 09 Mar 2013 | 13 Years 8 Months | As last reported |
| Ravikumar Harsukhbhai Lakkad | Director | 09 Mar 2013 | 13 Years 8 Months | As last reported |
Shareholding
The shareholding of Shrinathji Spintex Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Shrinathji Spintex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2011 | 10293343 | Others | ₹12.33 Cr | Open |
To see the full charge records of Shrinathji Spintex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Shrinathji Spintex Private Limited has 39 court cases on record: 18 filed by Shrinathji Spintex, 21 filed against it. 12 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 23 | 16 | 10 |
| NCLT | 7 | 3 | 0 |
| High courts | 6 | 2 | 1 |
| District courts | 2 | 0 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Rajradhe Finance Limited | Disposed |
| Supreme Court | Appeal | Filed by the company against Raj Radhe Finance Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Raj Radhe Finance Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Mr Hemantbhai Parbatbhai Lakkad Personal Guarantor to Sunrise Ginning Private Limited and 2 others | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed against the company by Raj Radhe Finance Limited | Disposed |
To see the full case history of Shrinathji Spintex 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 Shrinathji Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shrinathji Spintex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shrinathji Spintex Private Limited, buy the company report.
Recent activity
Shrinathji Spintex Private Limited has 12 board changes on record since 2013: 3 appointments and 9 cessations. The latest: Atul Mittal was appointed as Irp/Rp/Liquidator on 26 May 2025.
5 earlier events are in the company report.
Frequently asked questions
Shrinathji Spintex 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.
Shrinathji Spintex is a company under insolvency, formerly operating as a private limited company based in Gondal, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 November 2010 and is registered under CIN U17120GJ2010PTC062917. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shrinathji Spintex has 3 current directors:
- Jatin Dhirajlal Lakkad - Director
- Ravikumar Harsukhbhai Lakkad - Director
- Atul Mittal - Irp/Rp/Liquidator
The latest financial statements of Shrinathji Spintex on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shrinathji Spintex is U17120GJ2010PTC062917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shrinathji Spintex has open charges of ₹12.33 Cr and no satisfied charges on record as per latest MCA filings.
Shrinathji Spintex has 39 court cases on record: 18 filed by the company and 21 filed against it. 12 are pending. Most are in the nclat.
Shrinathji Spintex was incorporated on 16 November 2010. It is registered with the Registrar of Companies, Ahmedabad.
Atul Mittal was appointed as Irp/Rp/Liquidator on 26 May 2025. Rasikbhai Narshibhai Marakana ceased to be Director on 07 Mar 2015. Somabhai Chanabhai Sadadiya ceased to be Director on 07 Mar 2015. Shrinathji Spintex has 12 board changes on record in total.
Shrinathji Spintex can be reached through the website textileinfomedia.com. Its registered office is in Gondal, Gujarat, India.
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