Solapur Textiles Cluster Limited - Company Profile

It is a home & lifestyle public limited company based in Solapur, Maharashtra, India, established in 2011.
2011 Solapur, Maharashtra, India Active
Last Updated:
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About Solapur Textiles Cluster Limited

Solapur Textiles Cluster Limited, a active public limited company, was established on 24 October 2011 in Solapur, Maharashtra, India. Engaging in textile retail & distribution within the manufacturing sector, it holds CIN: U17122PN2011PLC141179. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹1.75 Cr and a paid-up capital of ₹1.75 Cr.

It upholds a compliant status. Its leadership includes Balaji Balraj Samlet (Director), Rajayya Dubayya Balla (Director), Sudhir Irabatti (Additional Director). Past directors included Kashinath Parshuram Gaddam, Ashok Sidram Paskanti, Dayanand Sidram Adam. It holds no open charges and ₹0.70 M settled loans. Its latest AGM occurred on 30 September 2023, with the balance sheet filed on 31 March 2023. It is based at C-24 M I D C Akkalkot Road, Solapur, Maharashtra, 413006.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U17122PN2011PLC141179

  • Registration Number

    141179

  • Incorporation Date

    24 October 2011

  • Authorized Capital

    ₹1.75 Cr

  • Paid-Up Capital

    ₹1.75 Cr

  • ROC Code

    Roc Pune

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.75 Cr
  • Paid Up Capital ₹ 1.75 Cr
  • Company Age 14 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 0.70 M
  • Revenue Growth **** -23.30%
  • Profit Growth **** -33.52%
  • Ebitda **** -5083.32%
  • Net Worth -36.16%
  • Total Assets **** 0.09%
Company report

Solapur Textiles Cluster Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Solapur Textiles Cluster Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Solapur Textiles Cluster Limited?
Current Directors
Name Designation Appointment Date Status
Balaji Balraj Samlet Director 24 Oct 2011 Current
Rajayya Dubayya Balla Director 24 Oct 2011 Current
Sudhir Irabatti Additional Director 09 Dec 2023 Current
Dinesh Chandrayya Irabatti Director 24 Oct 2011 Current
Chandrayya Mutayya Irabatii Director 24 Oct 2011 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 08 Sep 2023 Past
Pramod Abcsdd Director 28 Jul 2017 Past
Pramod Abcsdd Director 01 Jan 2024 Past

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Financial Performance of Solapur Textiles Cluster.

Solapur Textiles Cluster Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 23.3% decrease. The company also saw a substantial fall in profitability, with a 33.52% decrease in profit. The company's net worth observed a substantial decline by a decrease of 36.16%.

Solapur Textiles Cluster revenue growth over time
Solapur Textiles Cluster profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -23.30%
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*******
*******
Revenue from Operations
*******
 -22.79%
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*******
*******
*******
Total Assets
*******
 0.09%
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*******
*******
*******
Profit or Loss
*******
 -33.52%
*******
*******
*******
*******
Net Worth
*******
 -36.16%
*******
*******
*******
*******
EBITDA
*******
 -5083.32%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Solapur Textiles Cluster?

In 2023, Solapur Textiles Cluster had a promoter holding of 25.85% and a public holding of 74.15%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹700,000.00

Charges Breakdown by Lending Institutions
  • Solapur Janata Sahakari Bank Limited : 0.07 Cr
Latest Charge Details
Date Lender Amount Status
16 Sep 2015 Solapur Janata Sahakari Bank Limited ₹0.70 M Satisfied

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How Many Employees Work at Solapur Textiles Cluster?

Unlock and access historical data on people associated with Solapur Textiles Cluster, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Solapur Textiles Cluster, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Solapur Textiles Cluster's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Solapur Textiles Cluster
Recent Activity within the Organization
  • Director Appointment

    Sudhir Irabatti was appointed as a Additional Director was appointed as a Additional Director on 09 Dec 2023 & has been associated with this company since 2 years 2 months . was recorded as a recent event.

  • Annual General Meeting

    Solapur Textiles Cluster Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records. was recorded as a recent event.

  • Charges

    A charge registered on 16 Sep 2015 via Charge ID 10601413 with Solapur Janata Sahakari Bank Limited was fully satisfied on 22 Jun 2023. was recorded as a recent event.

  • Balance Sheet

    Progress on Solapur Textiles Cluster Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune. was documented.

  • Charges

    A charge with Solapur Janata Sahakari Bank Limited amounted to Rs. 0.07 Cr with Charge ID 10601413 was registered on 16 Sep 2015. was recorded as a recent event.

  • Director Appointment

    The activity Balaji Balraj Samlet was appointed as a Director was appointed as a Director on 24 Oct 2011 & has been associated with this company since 14 years 4 months . was completed.

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Frequently Asked Questions
What is the CIN of Solapur Textiles Cluster Limited?

The CIN of Solapur Textiles Cluster Limited is U17122PN2011PLC141179.

Where is Solapur Textiles Cluster Limited headquartered?

Solapur Textiles Cluster Limited is headquartered at C-24 M I D C Akkalkot Road, Solapur, Maharashtra, 413006.

When was Solapur Textiles Cluster Limited incorporated?

Solapur Textiles Cluster Limited was incorporated on 24 October 2011.

Who are the current directors of Solapur Textiles Cluster Limited?

The current directors of Solapur Textiles Cluster Limited are

What is the primary industry of Solapur Textiles Cluster Limited?

The primary industry of Solapur Textiles Cluster Limited is Manufacturing.

Is Solapur Textiles Cluster Limited a listed company?

Solapur Textiles Cluster Limited is unlisted.

What is the capital structure of Solapur Textiles Cluster Limited?

The authorized capital of Solapur Textiles Cluster Limited is ₹1.75 Cr, and the paid-up capital is ₹1.75 Cr.

What is the compliance status of Solapur Textiles Cluster Limited?

The compliance status of Solapur Textiles Cluster Limited is Compliant.

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