About Solapur Textiles Cluster Limited
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Solapur Textiles Cluster Limited is a public limited company based in Solapur, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17122PN2011PLC141179. Its GSTIN is 27AAQCS8518L1ZI (Maharashtra).
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹1.75 Cr. It is led by directors including Balaji Balraj Samlet and Rajayya Dubayya Balla.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at C – 24 M I D C Akkalkot Road, Solapur, Maharashtra, India – 413006.
As per the financials filed for FY 2023, the company reported a revenue of ₹98.62 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹80.28 Lakh (net margin -81.4%) and EBITDA of -₹61.71 Lakh (EBITDA margin -62.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years.
As per MCA filings, the company has satisfied charges of ₹7 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solapurtextiles.com.
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- Registered AddressC – 24 M I D C Akkalkot Road, Solapur, Maharashtra, India – 413006
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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 of Solapur Textiles Cluster Limited
The main business activity of Solapur Textiles Cluster 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solapur Textiles Cluster Limited FY 2023 filings available
Solapur Textiles Cluster Limited reported revenue of ₹98.62 Lakh (down 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Solapur Textiles Cluster Limited
Revenue fell 23% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 56% 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 Solapur Textiles Cluster Limited
| 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 | ₹98.62 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹61.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹80.28 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 Solapur Textiles Cluster Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -62.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -81.4% | •••• | •••• | •••• | •••• |
| 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 Solapur Textiles Cluster are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Solapur Textiles Cluster Limited
Solapur Textiles Cluster 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 |
|---|---|---|---|---|---|---|
| Visva Texfab Private Limited | ₹98.9 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Mumbai, Maharashtra, India |
| Gams Impex Private Limited | ₹98.86 Lakh (FY 2024) | •••• | •••• | -38.0% | •••• | Delhi, India |
| Scorpion Fashion Private Limited | ₹98.8 Lakh (FY 2024) | •••• | •••• | -17.0% | •••• | Ludhiana, Punjab, India |
| Fabchrome International Private Limited | ₹98.73 Lakh (FY 2024) | •••• | •••• | 1516.0% | •••• | Jaipur, Rajasthan, India |
| Niya Textiles Private Limited | ₹98.64 Lakh (FY 2025) | •••• | •••• | 143.0% | •••• | Dombivali, Maharashtra, India |
| Solapur Textiles Cluster Limited this company | ₹98.62 Lakh (FY 2023) | •••• | •••• | -23.0% | •••• | Solapur, Maharashtra, India |
| Shree Varee Traders Private Limited | ₹98.61 Lakh (FY 2019) | •••• | •••• | 421.0% | •••• | Hosur, Tamil Nadu, India |
| Phoenix Yarns Private Limited | ₹98.6 Lakh (FY 2018) | •••• | •••• | 94.0% | •••• | Ludhiana, Punjab, India |
| Fortune Synfab Private Limited | ₹98.57 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Surat, Gujarat, India |
| Sai Divya Apparels and Fashions Private Limited | ₹98.54 Lakh (FY 2022) | •••• | •••• | 93.0% | •••• | Anantapuram, Andhra Pradesh, India |
| Simhar Exim Private Limited | ₹98.46 Lakh (FY 2022) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Solapur Textiles Cluster 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 Solapur Textiles Cluster Limited
Solapur Textiles Cluster Limited is audited by L.R. SHERAL AND COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| L.R. SHERAL AND COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Solapur Textiles Cluster Limited
Solapur Textiles Cluster has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaji Balraj Samlet | Director | 24 Oct 2011 | 14 Years 11 Months | Current |
| Rajayya Dubayya Balla | Director | 24 Oct 2011 | 14 Years 11 Months | Current |
| Sudhir Irabatti | Additional Director | 09 Dec 2023 | 2 Years 10 Months | Current |
| Dinesh Chandrayya Irabatti | Director | 24 Oct 2011 | 14 Years 11 Months | Current |
| Chandrayya Mutayya Irabatii Also directs: Solapur Cetp Akkalkot Road Midc Association | Director | 24 Oct 2011 | 14 Years 11 Months | Current |
Ownership and Shareholding of Solapur Textiles Cluster Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solapur Textiles Cluster Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Sep 2015 | Solapur Janata Sahakari Bank Limited | ₹7 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Solapur Textiles Cluster Limited
Employment history and EPFO contributions of people linked to Solapur Textiles Cluster.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Solapur Textiles Cluster Limited
Solapur Textiles Cluster Limited has 8 board changes on record since 2011: 5 appointments and 3 cessations. The latest: Dayanand Sidram Adam ceased to be Director on 01 Jan 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solapur Textiles Cluster Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solapur Textiles Cluster Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solapur Textiles Cluster Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solapur Textiles Cluster Limited
Solapur Textiles Cluster has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS8518L1ZI | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solapur Textiles Cluster Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solapur Textiles Cluster Limited
Solapur Textiles Cluster is an active public limited company based in Solapur, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 October 2011 (15+ years old) and is registered under CIN U17122PN2011PLC141179.
Solapur Textiles Cluster reported revenue of ₹98.62 Lakh for FY 2023 (down 23% YoY).
Solapur Textiles Cluster has 5 current directors:
- Balaji Balraj Samlet - Director
- Rajayya Dubayya Balla - Director
- Sudhir Irabatti - Additional Director
- Dinesh Chandrayya Irabatti - Director
- Chandrayya Mutayya Irabatii - Director
Solapur Textiles Cluster reported a net loss of ₹80.28 Lakh (net margin -81.4%) and EBITDA of -₹61.71 Lakh (EBITDA margin -62.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solapur Textiles Cluster is 15% over three years. In the latest year (FY 2023) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solapur Textiles Cluster is 27AAQCS8518L1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solapur Textiles Cluster is U17122PN2011PLC141179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solapur Textiles Cluster was incorporated on 24 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Solapur Textiles Cluster by revenue are Visva Texfab Private Limited, Gams Impex Private Limited, Scorpion Fashion Private Limited, Fabchrome International Private Limited, Niya Textiles Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Dayanand Sidram Adam ceased to be Director on 01 Jan 2024. Sudhir Irabatti was appointed as Additional Director on 09 Dec 2023. Kashinath Parshuram Gaddam ceased to be Director on 08 Sep 2023. Solapur Textiles Cluster has 8 board changes on record in total.
Solapur Textiles Cluster can be reached through the website solapurtextiles.com. Its registered office is in Solapur, Maharashtra, India.