Siddhi Knitfab Private Limited
About Siddhi Knitfab Private Limited
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Siddhi Knitfab Private Limited is a private limited company based in Changodar, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ2019PTC110889. Its GSTIN is 24ABCCS9359N1ZN (Gujarat).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹60 Cr. It is led by directors including Markand Virendrabhai Parikh and Jay Parikh.
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 Survey No. 240 B/H Hotel Bhagyoday Ta. Sanand, Changodar, Gujarat, India – 382210.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.72 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹9.87 Cr (net margin -18.4%) and EBITDA of ₹5.15 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 604% over three years.
The company has about 121 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹120.17 Cr and satisfied charges of ₹6.9 Lakh on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 5 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in February 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, 3 larger and 4 smaller; the largest is Gloster Nuvo Limited with revenue of ₹53.9 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Siddhi Knitfab Private Limited's registered office is in Changodar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 240 B/H Hotel Bhagyoday Ta. Sanand, Changodar, Gujarat, India – 382210
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Siddhi Knitfab 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 activities of Siddhi Knitfab are manufacturing and professional, scientific and technical. In detail, this covers textile, leather and other apparel products and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Siddhi Knitfab Private Limited, buy the company report.
Financials of Siddhi Knitfab Private Limited
FY 2025 filings availableSiddhi Knitfab Private Limited reported revenue of ₹53.72 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 604% over three years, including 26% growth in the latest year. EBITDA rose 490% 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 |
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| Total Expenses | |||||
| EBITDA | ₹5.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.87 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | ||||
| Net Profit Margin | -18.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Siddhi Knitfab Private Limited, buy the company report.
Board of directors of Siddhi Knitfab Private Limited
Siddhi Knitfab has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Markand Virendrabhai Parikh Also directs: Siddhi Margarine Specialities Limited, Siddhi Industries Limited, Siddhi Decor Private Limited and 3 more | Director | 19 Nov 2019 | 6 Years 11 Months | Current |
| Jay Parikh Also directs: Siddhi Margarine Specialities Limited, Siddhi Industries Limited, Siddhi Tex Mills Private Limited and 1 more | Director | 19 Nov 2019 | 6 Years 11 Months | Current |
| Binal Jay Parikh | Director | 25 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Siddhi Knitfab 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 |
|---|---|---|---|---|---|---|
| Gloster Nuvo Limited | ₹53.9 Cr (FY 2025) | 6105.0% | Kolkata, West Bengal, India | |||
| Swastik Texprint Private Limited | ₹53.83 Cr (FY 2024) | 8.0% | Mumbai, Maharashtra, India | |||
| Ambala Cotspin Private Limited | ₹53.77 Cr (FY 2025) | 102.0% | Ambala, Haryana, India | |||
| Siddhi Knitfab Private Limitedthis company | ₹53.72 Cr (FY 2025) | -₹9.87 Cr | -18.4% | 26.0% | 121 | Changodar, Gujarat, India |
| Century Fabrics Private Limited | ₹53.71 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Purecotz Eco Lifestyles Private Limited | ₹53.61 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Jyoti Motels Private Limited | ₹53.55 Cr (FY 2025) | 3.0% | Bhilwara, Rajasthan, India | |||
| Devkripa Yarns Private Limited | ₹53.46 Cr (FY 2025) | 37.0% | Kosamba, Gujarat, India |
To see the full peer comparison of Siddhi Knitfab Private Limited, buy the company report.
Auditor
Siddhi Knitfab Private Limited is audited by Sanghvi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanghvi & Associates | FY 2023 | 109122W |
Shareholding
The shareholding of Siddhi Knitfab Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Siddhi Knitfab Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2023 | 100796322 | Hdfc Bank Limited | ₹16.8 Lakh | Open | |
| 08 Oct 2021 | 100494624 | Sbicap Trustee Company Limited | ₹120 Cr | Open | |
| 30 Oct 2020 | 100399761 | Hdfc Bank Limited | ₹6.9 Lakh | Satisfied |
To see the full charge records of Siddhi Knitfab Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Siddhi Knitfab Private Limited has 1 deal on record (1 rights issue); the latest was in February 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹12.5 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Siddhi Knitfab Private Limited has 7 court cases on record: 5 filed by Siddhi Knitfab, 2 filed against it. 5 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 5 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Luckshmi Knits Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Luckshmi Knits Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Gokaldas Green Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed against the company by M/S. Genxchem, (Through Its Partner Chandra Mohan Kumar) | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Genxchem Through Its Partner Authorized Signatory Chandra Mohan Kumar | Disposed |
To see the full case history of Siddhi Knitfab 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 Siddhi Knitfab Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Siddhi Knitfab Private Limited has a workforce of 121 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Siddhi Knitfab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABCCS9359N1ZN | Gujarat | Active | 17 Dec 2019 |
To see the full GST registrations and return filing status of Siddhi Knitfab Private Limited, buy the company report.
Recent activity
Siddhi Knitfab Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Binal Jay Parikh was appointed as Director on 25 Jun 2024.
Frequently asked questions
Siddhi Knitfab is an active private limited company based in Changodar, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 November 2019 (7+ years old) and is registered under CIN U17110GJ2019PTC110889.
Siddhi Knitfab has 3 current directors:
- Markand Virendrabhai Parikh - Director
- Jay Parikh - Director
- Binal Jay Parikh - Director
The latest financial statements of Siddhi Knitfab 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 FY 2020 are in the company report.
The GSTIN of Siddhi Knitfab is 24ABCCS9359N1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Siddhi Knitfab is U17110GJ2019PTC110889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siddhi Knitfab has 7 court cases on record: 5 filed by the company and 2 filed against it. 5 are pending.
Siddhi Knitfab was incorporated on 19 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Siddhi Knitfab has 1 deal on record (1 rights issue); the latest was in February 2021.
The peers of Siddhi Knitfab by revenue are Gloster Nuvo Limited, Swastik Texprint Private Limited, Ambala Cotspin Private Limited, Century Fabrics Private Limited, Purecotz Eco Lifestyles Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Binal Jay Parikh was appointed as Director on 25 Jun 2024. Rajkumar Govindram Basotia ceased to be Director on 01 Aug 2020. Jay Parikh was appointed as Director on 19 Nov 2019. Siddhi Knitfab has 4 board changes on record in total.
The registered office of Siddhi Knitfab is at Survey No. 240 BH Hotel Bhagyoday Ta. Sanand, Changodar, Gujarat, India – 382210.
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