MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-10-0004971
Silvershine Cotgin Private Limited
Silvershine Cotgin Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹41.6 Cr
▼ 28% YoY
Net loss · FY 2025
₹17.2 Lakh
Net margin -0.4%
EBITDA · FY 2025
-₹1.31 Lakh
EBITDA margin 0%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹82 Lakh
Issued & subscribed
Open charges
₹7.38 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Silvershine Cotgin Private Limited
Data last updated:
Silvershine Cotgin Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17115GJ2013PTC078046. Its GSTIN is 24AAUCS1239A1ZJ (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹82 Lakh. It is led by directors Vrujlal Karsanbhai Kotadiya and Arvindbhai Shamjibhai Bhut.
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 Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.6 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹17.2 Lakh (net margin -0.4%) and EBITDA of -₹1.31 Lakh (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹7.38 Cr on record.
Silvershine Cotgin Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-10-0004971). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Silvershine Cotgin Private Limited
CIN U17115GJ2013PTC078046
Registration Number 078046
Incorporation Date 27 December 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-10-0004971
Recognitions & Rankings of Silvershine Cotgin
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShreeswagathouse 3 Rdfloor R.S.No.77 Plotno.4 Nr.Indiracircle Universit, Y Road, Rajkot, Gujarat, India – 360005
- IndustryManufacturing, Textile & Fabric Production
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Business Activity of Silvershine Cotgin Private Limited
The main business activity of Silvershine Cotgin is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Silvershine Cotgin Private Limited FY 2025 filings available
Silvershine Cotgin Private Limited reported revenue of ₹41.6 Cr (down 28% YoY) for FY 2025.
Revenue · FY 2025
₹41.6 Cr ▼ 28%
Net loss · FY 2025
₹17.2 Lakh margin -0.4%
EBITDA · FY 2025
-₹1.31 Lakh margin 0%
Compounded Annual Growth Rate (CAGR) of Silvershine Cotgin Private Limited
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▼ 21%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 204%
3 years · compounded
▼ 26%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 28% fall in the latest year. EBITDA fell 204% 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 of Silvershine Cotgin Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.31 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17.2 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 of Silvershine Cotgin Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Silvershine Cotgin are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Board of Directors of Silvershine Cotgin Private Limited
Silvershine Cotgin has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vrujlal Karsanbhai Kotadiya Also directs: Kruti Onella Shops Owners Association | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Arvindbhai Shamjibhai Bhut | Director | 27 Dec 2013 | 12 Years 9 Months | Current |
Peer Comparison of Silvershine Cotgin Private Limited
Silvershine Cotgin Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Panchdeep Cotton Industries Private Limited | ₹41.7 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Dhasagam, Gujarat, India |
| Lourdes Textiles Private Limited | ₹41.7 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Kolkata, West Bengal, India |
| Aarti Yarnfab Private Limited | ₹41.66 Cr (FY 2025) | •••• | •••• | -67.0% | •••• | Karnal, Haryana, India |
| SSV Ginners Private Limited | ₹41.63 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Hyderabad, Telangana, India |
| Victorian Global Clothings India Private Limited | ₹41.62 Cr (FY 2025) | •••• | •••• | 97.0% | •••• | Tirupur, Tamil Nadu, India |
| Silvershine Cotgin Private Limited this company | ₹41.6 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Rajkot, Gujarat, India |
| M.R.Filaments Private Limited | ₹41.59 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Surat, Gujarat, India |
| Krishna Terine Private Limited | ₹41.55 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Surat, Gujarat, India |
| Udyogi Safety Appliances Private Limited | ₹41.54 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| Manju Dyeing and Printing Mills Private Limited | ₹41.53 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Surat, Gujarat, India |
| 9Thread Apparels Private Limited | ₹41.52 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Navi Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Silvershine Cotgin by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Silvershine Cotgin Private Limited
Silvershine Cotgin Private Limited is audited by H. R. Raghura & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H. R. Raghura & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Silvershine Cotgin Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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- FII and DII holdings
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Charges & Borrowings of Silvershine Cotgin Private Limited
Open charges
₹7.38 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jul 2015 | Central Bank of India | ₹7.38 Cr | Open |
Total charge records: 1 View all charges
MSME Payment Delays by Silvershine Cotgin Private Limited
Silvershine Cotgin Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Golden Cotton Industries | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
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Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Silvershine Cotgin Private Limited
Employment history and EPFO contributions of people linked to Silvershine Cotgin.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Silvershine Cotgin Private Limited
Silvershine Cotgin Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Chhaganlal Damajibhai Bunsa ceased to be Director on 02 Jan 2021.
AGM
Silvershine Cotgin Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Silvershine Cotgin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Chhaganlal Damajibhai Bunsa ceased to be Director.
Appointed
Vrujlal Karsanbhai Kotadiya was appointed as Director.
Charges
A charge with Central Bank Of India of Rs. 7.38 Cr registered on 07 Jul 2015 with Charge ID 10583501 was modified on 30 Jul 2015.
Charges
A charge with Central Bank Of India amounted to Rs. 7.38 Cr with Charge ID 10583501 was registered on 07 Jul 2015.
Appointed
Arvindbhai Shamjibhai Bhut was appointed as Director.
Incorporation
27 Dec 2013
Silvershine Cotgin Private Limited was registered on 27 Dec 2013 with Roc Ahmedabad & aged 12 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Silvershine Cotgin Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Silvershine Cotgin Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Silvershine Cotgin Private Limited
Silvershine Cotgin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCS1239A1ZJ | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Silvershine Cotgin Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Silvershine Cotgin Private Limited
Silvershine Cotgin is an active private limited company based in Rajkot, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 December 2013 (13+ years old) and is registered under CIN U17115GJ2013PTC078046.
Silvershine Cotgin reported revenue of ₹41.6 Cr for FY 2025 (down 28% YoY).
Silvershine Cotgin has 2 current directors:
- Vrujlal Karsanbhai Kotadiya - Director
- Arvindbhai Shamjibhai Bhut - Director
Silvershine Cotgin reported a net loss of ₹17.2 Lakh (net margin -0.4%) and EBITDA of -₹1.31 Lakh (EBITDA margin 0%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Silvershine Cotgin is -21% over three years and -12% over five years. In the latest year (FY 2025) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Silvershine Cotgin is 24AAUCS1239A1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Silvershine Cotgin is U17115GJ2013PTC078046. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silvershine Cotgin was incorporated on 27 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Silvershine Cotgin by revenue are Panchdeep Cotton Industries Private Limited, Lourdes Textiles Private Limited, Aarti Yarnfab Private Limited, SSV Ginners Private Limited, Victorian Global Clothings India Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Chhaganlal Damajibhai Bunsa ceased to be Director on 02 Jan 2021. Vrujlal Karsanbhai Kotadiya was appointed as Director on 01 Jan 2021. Arvindbhai Shamjibhai Bhut was appointed as Director on 27 Dec 2013.
Yes, Silvershine Cotgin is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-10-0004971).
Silvershine Cotgin has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 26 Aug 2023.