Sitaram Prints Pvt Ltd
About Sitaram Prints Pvt Ltd
Data last updated:
Sitaram Prints Pvt Ltd is a private limited company based in Surat, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 January 1987.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U22211GJ1987PTC009299. Its GSTIN is 24AAECS2255C1ZT (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.42 Cr. It is led by directors Sushil Shankarlal Somani and Neelam Sushil Somani.
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 12A Keshav Park Parle Point, Surat, Gujarat, India – 395007.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.43 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹96.36 Lakh and EBITDA of -₹96.26 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 82% over three years and 68% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,168.42 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 34 cases involving the company, including 3 filed by the company and 31 filed against it; 1 case is pending.
Company details
Contact details
Sitaram Prints Pvt Ltd's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address12A Keshav Park Parle Point, Surat, Gujarat, India – 395007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sitaram Prints Pvt Ltd, 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 Sitaram Prints is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Sitaram Prints Pvt Ltd, buy the company report.
Financials of Sitaram Prints Pvt Ltd
FY 2024 filings availableSitaram Prints Pvt Ltd reported revenue of ₹6.43 Lakh (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years, including a 70% fall in the latest year. EBITDA rose 89% 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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| EBITDA | -₹96.26 Lakh | ||||
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| Net Profit (PAT) | -₹96.36 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Sitaram Prints Pvt Ltd, buy the company report.
Board of directors of Sitaram Prints Pvt Ltd
Sitaram Prints has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Shankarlal Somani | Director | 02 Jul 2001 | 25 Years 3 Months | As last reported |
| Neelam Sushil Somani Also directs: National Poly Yarn Private Limited, Global Denims Private Limited, Radhamohan Fabtex Private Limited and 1 more | Director | 25 Jul 2016 | 10 Years 3 Months | As last reported |
Auditor
Sitaram Prints Pvt Ltd is audited by JPM & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JPM & Co | FY 2023 | 132888W |
Shareholding
The shareholding of Sitaram Prints Pvt Ltd 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 Sitaram Prints Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Mar 2017 | 100088283 | Others | ₹12 Cr | Open | |
| 28 Oct 2016 | 100066707 | Others | ₹4 Cr | Open | |
| 14 Oct 2015 | 10597487 | Bank of Baroda | ₹4 Cr | Open | |
| 30 Jun 2015 | 10581792 | Bank of Baroda | ₹6 Cr | Open | |
| 15 Apr 2014 | 10489677 | Others | ₹533.96 Cr | Open |
To see the full charge records of Sitaram Prints Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
Sitaram Prints Pvt Ltd has 34 court cases on record: 3 filed by Sitaram Prints, 31 filed against it. 1 case is pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 29 | 0 |
| High courts | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1008-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Appeals u/s 15 Z of Securities and Exchange Board of India Act, 1992.) | Filed by the company against Securities and Exchange Board of India Through Its Secretary Sebi Bhavan Bandra Kurla Complex, C-4A, G Block ,Mumbai , Maharashtra | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax (Central), Surat | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Employees Stat Insurance Corporation | Disposed |
To see the full case history of Sitaram Prints Pvt Ltd, 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 Sitaram Prints Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sitaram Prints has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Sitaram Prints Pvt Ltd has a workforce of 39 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sitaram Prints has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECS2255C1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sitaram Prints Pvt Ltd, buy the company report.
Recent activity
Sitaram Prints Pvt Ltd has 3 board changes on record since 2001: 2 appointments and 1 cessation. The latest: Sumeet Shankarlal Somani ceased to be Director on 20 Jul 2020.
6 earlier events are in the company report.
Frequently asked questions
Sitaram Prints is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sitaram Prints is a company under insolvency, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 January 1987 and is registered under CIN U22211GJ1987PTC009299. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sitaram Prints has 2 current directors:
- Sushil Shankarlal Somani - Director
- Neelam Sushil Somani - Director
The latest financial statements of Sitaram Prints 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 CIN (Corporate Identification Number) of Sitaram Prints is U22211GJ1987PTC009299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitaram Prints has open charges of ₹1,168.42 Cr and satisfied charges of ₹1.5 Cr as per latest MCA filings.
Sitaram Prints has 34 court cases on record: 3 filed by the company and 31 filed against it. 1 is pending. Most are in the district courts.
Sitaram Prints was incorporated on 08 January 1987. It is registered with the Registrar of Companies, Ahmedabad.
Sumeet Shankarlal Somani ceased to be Director on 20 Jul 2020. Neelam Sushil Somani was appointed as Director on 25 Jul 2016. Sushil Shankarlal Somani was appointed as Director on 02 Jul 2001.
The registered office of Sitaram Prints is at 12A Keshav Park Parle Point, Surat, Gujarat, India – 395007.