MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0106570
Sita Polyweave Private Limited
Sita Polyweave Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.48 Cr
▼ 35% YoY
Net profit · FY 2023
₹14.53 Lakh
Net margin 5.8%
EBITDA · FY 2023
₹1.12 Cr
EBITDA margin 45.1%
Authorised capital
₹1.65 Cr
Registered with MCA
Paid-up capital
₹1.65 Cr
Issued & subscribed
Open charges
₹9.25 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
5
As per MCA filings
About Sita Polyweave Private Limited
Data last updated:
Sita Polyweave Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17200GJ2014PTC079889. Its GSTIN is 24AAUCS6549P1Z9 (Gujarat).
The company has an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹1.65 Cr. It is led by directors including Mukul Kanodia and Vikas Pramodkumar Kanodia.
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 103/B 1st Floor Sagar Shopping Center Sahara Darwaja Ring Road, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.48 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹14.53 Lakh (net margin 5.8%) and EBITDA of ₹1.12 Cr (EBITDA margin 45.1%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹9.25 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 5 cases are pending.
Sita Polyweave Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0106570). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17200GJ2014PTC079889
Registration Number 079889
Incorporation Date 24 June 2014
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-22-0106570
Key People
Mukul Kanodia Director Vikas Pramodkumar Kanodia Director Vishal Pramodkumar Kanodia Director Recognitions & Rankings of Sita Polyweave
Contact details
Sita Polyweave Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address103/B 1st Floor Sagar Shopping Center Sahara Darwaja Ring Road, Surat, Gujarat, India – 395003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sita Polyweave Private Limited, buy the company report.
Comprehensive company report
Sita Polyweave 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 Sita Polyweave 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 Sita Polyweave Private Limited, buy the company report.
Financials of Sita Polyweave Private Limited
FY 2024 filings availableSita Polyweave Private Limited reported revenue of ₹2.48 Cr (down 35% YoY) for FY 2023.
Revenue · FY 2023
₹2.48 Cr ▼ 35%
Net profit · FY 2023
₹14.53 Lakh margin 5.8%
EBITDA · FY 2023
₹1.12 Cr margin 45.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 17%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 4%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 35% fall in the latest year. EBITDA fell 6% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.53 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.1% | ||||
| Net Profit Margin | 5.8% | ||||
| 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 Sita Polyweave Private Limited, buy the company report.
Board of directors of Sita Polyweave Private Limited
Sita Polyweave has 5 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Kanodia Also directs: Naman Texturisers Private Limited | Director | 24 Jun 2014 | 12 Years 4 Months | Current |
| Vikas Pramodkumar Kanodia Also directs: Naman Texturisers Private Limited | Director | 24 Jun 2014 | 12 Years 4 Months | Current |
| Vishal Pramodkumar Kanodia Also directs: Naman Texturisers Private Limited | Director | 24 Jun 2014 | 12 Years 4 Months | Current |
| Sushil Kumar Agarwal | Director | 19 Aug 2016 | 10 Years 2 Months | Current |
| Pramod Kanodia Also directs: Naman Texturisers Private Limited | Director | 24 Jun 2014 | 12 Years 4 Months | Current |
Peer comparison
Sita Polyweave Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| John Phillipe Corp Private Limited | ₹2.49 Cr (FY 2019) | -43.0% | Bhilwara, Rajasthan, India | |||
| Ajay Synthetics Private Limited | ₹2.48 Cr (FY 2019) | -87.0% | Bhilwara, Rajasthan, India | |||
| Sita Polyweave Private Limitedthis company | ₹2.48 Cr (FY 2023) | ₹14.53 Lakh | 5.8% | -35.0% | Surat, Gujarat, India | |
| Shree Radha Raman Processors Private Limited | ₹2.48 Cr (FY 2025) | -13.0% | Amritsar, Punjab, India | |||
| Sarthi Processors Private Limited | ₹2.47 Cr (FY 2025) | 17.0% | Surat, Gujarat, India | |||
| Perpleplus Fashion Private Limited | ₹2.47 Cr (FY 2025) | 41.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Sita Polyweave Private Limited, buy the company report.
Auditor
Sita Polyweave Private Limited is audited by BDVG & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BDVG & ASSOCIATES | FY 2023 | 125372W |
Shareholding
The shareholding of Sita Polyweave 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sita Polyweave Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2022 | 100582992 | Others | ₹52.4 Lakh | Open | |
| 24 May 2022 | 100582993 | Others | ₹5.43 Cr | Open | |
| 26 Mar 2015 | 10560962 | Others | ₹1.65 Cr | Open | |
| 26 Mar 2015 | 10560963 | Others | ₹1.65 Cr | Open |
To see the full charge records of Sita Polyweave Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Sita Polyweave Private Limited has 5 court cases on record: 4 filed by Sita Polyweave, 1 filed against it. All cases are pending.
Total cases
5
Filed by the company
4
Filed against the company
1
Pending
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 5 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Kailashchand Vaishnav Pro of M/S Shyam Trading | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Umeshkumar Prop of Ms Shakti Textiles | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Court case (CMA SC) | Filed against the company by individuals | Pending |
To see the full case history of Sita Polyweave 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.
Credit ratings & regulatory alerts
Sita Polyweave Private Limited was last rated by Icra on 24 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Jan 2022 |
To see the full credit ratings and regulatory alerts of Sita Polyweave Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sita Polyweave Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sita Polyweave has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAUCS6549P1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sita Polyweave Private Limited, buy the company report.
Recent activity
Sita Polyweave Private Limited has 5 board changes on record since 2014: 5 appointments. The latest: Sushil Kumar Agarwal was appointed as Director on 19 Aug 2016.
Charges
A charge with Others of Rs. 1.65 Cr registered on 26 Mar 2015 with Charge ID 10560962 was modified on 08 May 2025.
Charges
A charge with Others of Rs. 1.65 Cr registered on 26 Mar 2015 with Charge ID 10560963 was modified on 08 May 2025.
AGM
Sita Polyweave Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sita Polyweave Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.52 Cr with Charge ID 100582992 was registered on 24 May 2022.
Charges
A charge with Others amounted to Rs. 5.43 Cr with Charge ID 100582993 was registered on 24 May 2022.
Appointed
Sushil Kumar Agarwal was appointed as Director.
Charges
A charge with Others amounted to Rs. 1.65 Cr with Charge ID 10560962 was registered on 26 Mar 2015.
Charges
A charge with Others amounted to Rs. 1.65 Cr with Charge ID 10560963 was registered on 26 Mar 2015.
Appointed
Mukul Kanodia was appointed as Director.
Appointed
Pramod Kanodia was appointed as Director.
Appointed
Vikas Pramodkumar Kanodia was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Sita Polyweave is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 June 2014 (12+ years old) and is registered under CIN U17200GJ2014PTC079889.
Sita Polyweave has 5 current directors:
- Mukul Kanodia - Director
- Vikas Pramodkumar Kanodia - Director
- Vishal Pramodkumar Kanodia - Director
- Sushil Kumar Agarwal - Director
- Pramod Kanodia - Director
The latest financial statements of Sita Polyweave 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 Sita Polyweave is 24AAUCS6549P1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Sita Polyweave is U17200GJ2014PTC079889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sita Polyweave has 5 court cases on record: 4 filed by the company and 1 filed against it. 5 are pending.
Sita Polyweave was incorporated on 24 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sita Polyweave by revenue are John Phillipe Corp Private Limited, Ajay Synthetics Private Limited, Shree Radha Raman Processors Private Limited, Sarthi Processors Private Limited, Perpleplus Fashion Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sushil Kumar Agarwal was appointed as Director on 19 Aug 2016. Mukul Kanodia was appointed as Director on 24 Jun 2014. Pramod Kanodia was appointed as Director on 24 Jun 2014. Sita Polyweave has 5 board changes on record in total.
Yes, Sita Polyweave is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0106570).
The registered office of Sita Polyweave is at 103B 1st Floor Sagar Shopping Center Sahara Darwaja Ring Road, Surat, Gujarat, India – 395003.