MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-34-0006230
Shriniwas Spintex Industries Private Limited
Shriniwas Spintex Industries Private Limited - manufacturing in Hinganghat, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹233.74 Cr
▲ 2% YoY
Net loss · FY 2024
₹16.97 Lakh
Net margin -0.1%
EBITDA · FY 2024
₹7.29 Cr
EBITDA margin 3.1%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹154.33 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
36
Provident fund records
About Shriniwas Spintex Industries Private Limited
Data last updated:
Shriniwas Spintex Industries Private Limited is a private limited company based in Hinganghat, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17200MH2013PTC251074. Its GSTIN is 27AAVCS6105J1ZU (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Sandeep Ramesh Joshi and Govind Gopaldas Rathi.
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 H. No. 9 Gandhi Ward, Hinganghat, Maharashtra, India – 442301.
As per the financials filed for FY 2024, the company reported a revenue of ₹233.74 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹16.97 Lakh (net margin -0.1%) and EBITDA of ₹7.29 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 11% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹154.33 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 2 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2021. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 5 smaller; the largest is Rolex Processors Private Limited with revenue of ₹234.31 Cr.
Shriniwas Spintex Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-34-0006230). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17200MH2013PTC251074
Registration Number 251074
Incorporation Date 17 December 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-34-0006230
Key People
Sandeep Ramesh Joshi Director Govind Gopaldas Rathi Director Yogita Govind Rathi Director Recognitions & Rankings of Shriniwas Spintex Industries
Contact details
Shriniwas Spintex Industries Private Limited's registered office is in Hinganghat, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH. No. 9 Gandhi Ward, Hinganghat, Maharashtra, India – 442301
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Shriniwas Spintex Industries Private Limited, buy the company report.
Comprehensive company report
Shriniwas Spintex Industries 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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Business activity
The main business activity of Shriniwas Spintex Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Shriniwas Spintex Industries Private Limited, buy the company report.
Financials of Shriniwas Spintex Industries Private Limited
FY 2024 filings availableShriniwas Spintex Industries Private Limited reported revenue of ₹233.74 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹233.74 Cr ▲ 2%
Net loss · FY 2024
₹16.97 Lakh margin -0.1%
EBITDA · FY 2024
₹7.29 Cr margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 12%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 39%
3 years · compounded
▼ 21%
5 years · compounded
▼ 14%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 2% growth in the latest year. EBITDA fell 39% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.97 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | -0.1% | ||||
| 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 Shriniwas Spintex Industries Private Limited, buy the company report.
Board of directors of Shriniwas Spintex Industries Private Limited
Shriniwas Spintex Industries has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Ramesh Joshi Also directs: Shriniwas Infrastructure Private Limited | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
| Govind Gopaldas Rathi Also directs: Mohota Industries Limited, Deegee Orchards Private Limited., Shree Shiva Textiles Private Limited and 2 more | Director | 17 Dec 2013 | 12 Years 10 Months | Current |
| Yogita Govind Rathi Also directs: Mohota Industries Limited, Shree Shiva Textiles Private Limited, Shriniwas Infrastructure Private Limited and 5 more | Director | 06 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Shriniwas Spintex Industries 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 |
|---|---|---|---|---|---|---|
| Rolex Processors Private Limited | ₹234.31 Cr (FY 2025) | 5.0% | Bhilwara, Rajasthan, India | |||
| Parmeshwari Silk Mills Limited | ₹233.76 Cr (FY 2025) | 15.0% | Punjab, India | |||
| Shriniwas Spintex Industries Private Limitedthis company | ₹233.74 Cr (FY 2024) | -₹16.97 Lakh | -0.1% | 2.0% | 36 | Hinganghat, Maharashtra, India |
| Mi Industries (India) Private Limited | ₹232.72 Cr (FY 2025) | 40.0% | New Delhi, Delhi, India | |||
| Arihant Syncotex Mills Private Limited | ₹232.68 Cr (FY 2025) | 20.0% | Ichalkaranji, Maharashtra, India | |||
| Jindal Textile Industries Limited | ₹232.65 Cr (FY 2024) | 674.0% | Delhi, India | |||
| Trilok Cotton Private Limited | ₹232.64 Cr (FY 2025) | -4.0% | Ichalkaranji, Maharashtra, India | |||
| Suryauday Spinning Mills Private Limited | ₹232.31 Cr (FY 2025) | -5.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Shriniwas Spintex Industries Private Limited, buy the company report.
Auditor
Shriniwas Spintex Industries Private Limited is audited by S A RANKA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A RANKA & ASSOCIATES | FY 2023 | 144920W |
Shareholding
The shareholding of Shriniwas Spintex Industries 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shriniwas Spintex Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹154.33 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jun 2024 | 100941453 | Others | ₹39.34 Cr | Open | |
| 01 Feb 2024 | 100865580 | Others | ₹47.5 Cr | Open | |
| 07 Mar 2022 | 100558062 | Others | ₹4.99 Cr | Open | |
| 20 Feb 2016 | 100046323 | Others | ₹62.5 Cr | Open |
To see the full charge records of Shriniwas Spintex Industries Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Shriniwas Spintex Industries Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2021.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2017 | Rights issue | ₹9.98 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shriniwas Spintex Industries Private Limited has 7 court cases on record: 2 filed by Shriniwas Spintex Industries, 5 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
2
Filed against the company
5
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by M/S. Nirmal Ujjwal Credit Co-Operative Society Ltd. | Disposed |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by M/S. Nirmal Ujjwal Credit Cooperative Society Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IC) | Filed by the company against an individual | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Shriniwas Spintex Industries 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 Shriniwas Spintex Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shriniwas Spintex Industries Private Limited has a workforce of 36 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
-12.2%
GST
Shriniwas Spintex Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAVCS6105J1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shriniwas Spintex Industries Private Limited, buy the company report.
Recent activity
Shriniwas Spintex Industries Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Yogita Govind Rathi was appointed as Director on 06 Dec 2025.
Appointed
Yogita Govind Rathi was appointed as Director.
AGM
Shriniwas Spintex Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 39.34 Cr with Charge ID 100941453 was registered on 07 Jun 2024.
Filing
Shriniwas Spintex Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 47.50 Cr with Charge ID 100865580 was registered on 01 Feb 2024.
Ceased
Gopaldas Dhanrajji Rathi ceased to be Director.
Charges
A charge with Others of Rs. 62.50 Cr registered on 20 Feb 2016 with Charge ID 100046323 was modified on 29 Sep 2022.
Charges
A charge with Others amounted to Rs. 4.99 Cr with Charge ID 100558062 was registered on 07 Mar 2022.
Appointed
Sandeep Ramesh Joshi was appointed as Director.
Charges
A charge with Others amounted to Rs. 62.50 Cr with Charge ID 100046323 was registered on 20 Feb 2016.
Appointed
Govind Gopaldas Rathi was appointed as Director.
Incorporation
17 Dec 2013
Shriniwas Spintex Industries Private Limited was registered on 17 Dec 2013 with Roc Mumbai & aged 12 years 10 months as per MCA records.
Frequently asked questions
Shriniwas Spintex Industries is an active private limited company based in Hinganghat, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 December 2013 (13+ years old) and is registered under CIN U17200MH2013PTC251074.
Shriniwas Spintex Industries has 3 current directors:
- Sandeep Ramesh Joshi - Director
- Govind Gopaldas Rathi - Director
- Yogita Govind Rathi - Director
The latest financial statements of Shriniwas Spintex Industries 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 2015 are in the company report.
The GSTIN of Shriniwas Spintex Industries is 27AAVCS6105J1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shriniwas Spintex Industries is U17200MH2013PTC251074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shriniwas Spintex Industries has 7 court cases on record: 2 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Shriniwas Spintex Industries was incorporated on 17 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Shriniwas Spintex Industries has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2021.
The peers of Shriniwas Spintex Industries by revenue are Rolex Processors Private Limited, Parmeshwari Silk Mills Limited, Mi Industries (India) Private Limited, Arihant Syncotex Mills Private Limited, Jindal Textile Industries Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Yogita Govind Rathi was appointed as Director on 06 Dec 2025. Gopaldas Dhanrajji Rathi ceased to be Director on 19 Jan 2024. Sandeep Ramesh Joshi was appointed as Director on 22 Jan 2020. Shriniwas Spintex Industries has 4 board changes on record in total.
Yes, Shriniwas Spintex Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-34-0006230).
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