About Shubhlaxmi Polytex Limited
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Shubhlaxmi Polytex Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Shubhlaxmi Dyetex Pvt Ltd. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 17 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17119MH1991PLC429091. Its GSTIN is 24AADCS3611B1Z2 (Gujarat).
The company has an authorised share capital of ₹30.7 Cr and a paid-up capital of ₹15.98 Cr. It was formerly known as Shubhlaxmi Polytex Private Limited. It is led by directors including Sunilkumar Matadeen Agarwal and Vikas Ramu Agarwal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹15 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹11 Lakh (net margin -73.3%) and EBITDA of -₹49 Lakh (EBITDA margin -326.7%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 79% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹262.97 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 11 deals on record (6 secondary share transfers, 2 acquisitions, 2 funding rounds), with disclosed funding of ₹4.1 Cr; the latest was in September 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shubhalakshmi.com.
Company details
CIN history
Shubhlaxmi Polytex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17119MH1991PLC429091, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119MH1991PLC429091 | Current |
| U17119GJ1991PTC015677 | Previous |
| U17119GJ1991PLC015677 | Previous |
Contact details
Shubhlaxmi Polytex Limited's registered office is in Mumbai, Maharashtra. Its website is shubhalakshmi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1101 Lodha Supremus, Tulsi Pipe Road Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Shubhlaxmi Polytex 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 Shubhlaxmi Polytex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shubhlaxmi Polytex Limited, buy the company report.
Financials of Shubhlaxmi Polytex Limited
FY 2025 filings availableShubhlaxmi Polytex Limited reported revenue of ₹15 Lakh (down 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 79% over five years, including a 90% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -326.7% | ||||
| Net Profit Margin | -73.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| 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 Shubhlaxmi Polytex Limited, buy the company report.
Board of directors of Shubhlaxmi Polytex Limited
Shubhlaxmi Polytex has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Matadeen Agarwal | Director | 16 Dec 2009 | 16 Years 10 Months | Current |
| Vikas Ramu Agarwal | Director | 08 Mar 2023 | 3 Years 7 Months | Current |
| Vidhi Anup Sultania Also directs: Shubhalakshmi Polyesters Limited | Director | 28 Sep 2019 | 7 Years 1 Months | Current |
| Shailendra Choudhary | Director | 16 Dec 2009 | 16 Years 10 Months | Current |
| Shri Ram Gupta Also directs: Shree Hari Chemicals Export Limited | Director | 02 Jan 2017 | 9 Years 9 Months | Current |
Auditor
Shubhlaxmi Polytex Limited is audited by PRADEEP K. SINGHI & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRADEEP K. SINGHI & ASSOCIATES | FY 2025 | 126027W |
Shareholding
The shareholding of Shubhlaxmi Polytex Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shubhlaxmi Polytex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2016 | 10618787 | Punjab National Bank | ₹165 Cr | Satisfied | |
| 01 May 2012 | 10359294 | Punjab National Bank | ₹77.5 Cr | Satisfied | |
| 21 Jan 1999 | 90102815 | Bank of Baroda | ₹20.22 Cr | Satisfied | |
| 05 Sep 1997 | 90103097 | Bank of Baroda | ₹25 Lakh | Satisfied |
To see the full charge records of Shubhlaxmi Polytex Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Shubhlaxmi Polytex Limited has 11 deals on record (6 secondary share transfers, 2 acquisitions, 2 funding rounds), with disclosed funding of ₹4.1 Cr; the latest was in September 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Acquisition | ₹70 Cr | Buyer: Reliance Polyester Limited Seller: Shubhlaxmi Polytex Limited |
| Mar 2019 | Acquisition | Undisclosed | Buyer: Shubhlaxmi Dyetex Pvt Ltd Seller: Shubhalakshmi India Commerce Private Limited , Shubhalakshmi Petro-Yarns Private Limited |
| Mar 2016 | Rights issue | ₹29.76 Cr | Investors: Shubhalakshmi Petro-Yarns Private Limited , Ramu Raman Agrawal HUF, 2 individuals |
| Mar 2014 | Funding round | ₹1.25 Cr | Investors: Yantra Natural Resources Limited , Algorithm Financial Services Private Limited , Utkarsh Tie Up Private Limited |
| Mar 2011 | Funding round | ₹2.85 Cr | Investors: Shubhalakshmi India Commerce Private Limited , Xydan Freight Pvt.Ltd. , Yash Merchant Private Limited |
To see the full deal history of Shubhlaxmi Polytex 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
Shubhlaxmi Polytex 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, Bharuch, Gujarat | Court case (PWAPP LC) | Filed against the company by an individual | Disposed |
To see the full case history of Shubhlaxmi Polytex 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
Shubhlaxmi Polytex Limited was last rated by Crisil on 29 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Dec 2020 |
To see the full credit ratings and regulatory alerts of Shubhlaxmi Polytex Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shubhlaxmi Polytex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shubhlaxmi Polytex Limited has a workforce of 14 employees on its EPFO records as of Nov 29, 2025, across 1 active EPFO establishment.
GST
Shubhlaxmi Polytex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCS3611B1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shubhlaxmi Polytex Limited, buy the company report.
Recent activity
Shubhlaxmi Polytex Limited has 16 board changes on record since 2009: 5 appointments and 11 cessations. The latest: Vikas Ramu Agarwal ceased to be Additional Director on 29 Sep 2023.
16 earlier events are in the company report.
Frequently asked questions
Shubhlaxmi Polytex is an active public limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 17 May 1991 (35+ years old) and is registered under CIN U17119MH1991PLC429091.
Shubhlaxmi Polytex has 5 current directors:
- Sunilkumar Matadeen Agarwal - Director
- Vikas Ramu Agarwal - Director
- Vidhi Anup Sultania - Director
- Shailendra Choudhary - Director
- Shri Ram Gupta - Director
The latest financial statements of Shubhlaxmi Polytex 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 Shubhlaxmi Polytex is 24AADCS3611B1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Shubhlaxmi Polytex is U17119MH1991PLC429091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shubhlaxmi Polytex has 1 court case on record: 1 filed against it.
Shubhlaxmi Polytex was incorporated on 17 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Shubhlaxmi Polytex has 11 deals on record (6 secondary share transfers, 2 acquisitions, 2 funding rounds), with disclosed funding of ₹4.1 Cr; the latest was in September 2022.
Vikas Ramu Agarwal ceased to be Additional Director on 29 Sep 2023. Vikas Ramu Agarwal was appointed as Director on 08 Mar 2023. Shri Ram Gupta ceased to be Director on 01 Jan 2022. Shubhlaxmi Polytex has 16 board changes on record in total.
Shubhlaxmi Polytex can be reached through the website shubhalakshmi.com. Its registered office is in Mumbai, Maharashtra, India.
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