MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0043365
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Spinning King (India) Limited - home & lifestyle in Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹102.79 Cr
▲ 119% YoY
Net loss · FY 2025
₹78.68 Lakh
Net margin -0.8%
EBITDA · FY 2025
₹55.02 Lakh
EBITDA margin 0.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹14.12 Cr
Secured borrowings
Company age
25 yrs
Est. 2001
Directors on board
3
As per MCA filings
About Spinning King (India) Limited
Data last updated:
Spinning King (India) Limited is a public limited company based in Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 04 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2001PLC039968. Its GSTIN is 24AAFCS5986B1ZA (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹30 Lakh. It is led by directors including Kishan Pranjivandas Kashiwala and Khagen Kisanbhai Kashiwala.
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 B/66. Pariseema Building C.G. Road Ahmedabad 380 009, Gujarat, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹102.79 Cr, a growth of 119% compared to the previous year. For the same year it recorded a net loss of ₹78.68 Lakh (net margin -0.8%) and EBITDA of ₹55.02 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹14.12 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
Spinning King (India) Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0043365). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spinningking.com.
Company details
CIN U17119GJ2001PLC039968
Registration Number 039968
Incorporation Date 04 September 2001
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 MSME
Udyam Registration UDYAM-GJ-01-0043365
Key People
Kishan Pranjivandas Kashiwala Director Khagen Kisanbhai Kashiwala Director Virang Krushnakant Kashiwala Director Recognitions & Rankings of Spinning King (India)
Contact details
Spinning King (India) Limited's registered office is in Gujarat. Its website is spinningking.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/66. Pariseema Building C.G. Road Ahmedabad 380 009, Gujarat, India
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Spinning King (India) Limited, buy the company report.
Comprehensive company report
Spinning King (India) 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 Spinning King (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Spinning King (India) Limited, buy the company report.
Financials of Spinning King (India) Limited
FY 2025 filings availableSpinning King (India) Limited reported revenue of ₹102.79 Cr (up 119% YoY) for FY 2025.
Revenue · FY 2025
₹102.79 Cr ▲ 119%
Net loss · FY 2025
₹78.68 Lakh margin -0.8%
EBITDA · FY 2025
₹55.02 Lakh margin 0.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 119%
3 years · compounded
▲ 44%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▼ 9%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 119% growth in the latest year. EBITDA fell 59% 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 |
|---|---|---|---|---|---|
| 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 | ₹55.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹78.68 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | -0.8% | ||||
| 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 Spinning King (India) Limited, buy the company report.
Board of directors of Spinning King (India) Limited
Spinning King (India) has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishan Pranjivandas Kashiwala | Director | 04 Sep 2001 | 25 Years 2 Months | Current |
| Khagen Kisanbhai Kashiwala Also directs: Speciality Weavecoats LLP, Beenits Private Limited | Director | 04 Sep 2001 | 25 Years 2 Months | Current |
| Virang Krushnakant Kashiwala | Director | 04 Sep 2001 | 25 Years 2 Months | Current |
Peer comparison
Spinning King (India) Limited is compared with the 8 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samrath Sun Fab Pvt Ltd | ₹103.93 Cr (FY 2025) | -14.0% | Ahmedabad, Gujarat, India | |||
| Veena Garments Private Limited | ₹103.84 Cr (FY 2025) | 7.0% | Jabalpur, Madhya Pradesh, India | |||
| Mahalakshmi Textiles Traders Private Limited | ₹103.39 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Goldstar Cottex Limited | ₹103.32 Cr (FY 2025) | 228.0% | Kolkata, West Bengal, India | |||
| Modish Tradex Private Limited | ₹103.08 Cr (FY 2025) | 21.0% | Delhi, India | |||
| Spinning King (India) Limitedthis company | ₹102.79 Cr (FY 2025) | -₹78.68 Lakh | -0.8% | 119.0% | Gujarat, India | |
| Divya Business Concepts Private Limited | ₹101.97 Cr (FY 2018) | -77.0% | Mumbai, Maharashtra, India | |||
| Meta Tiles Private Limited | ₹101.97 Cr (FY 2018) | 28.0% | Mumbai, Maharashtra, India | |||
| Patwari Textile Company Pvt Ltd | ₹101.92 Cr (FY 2025) | -14.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Spinning King (India) Limited, buy the company report.
Auditor
Spinning King (India) Limited is audited by CHANDABHOY & JASSOOBHOY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDABHOY & JASSOOBHOY | FY 2023 | 101648W |
Shareholding
The shareholding of Spinning King (India) Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spinning King (India) Limited, buy the company report.
Charges & borrowings
Open charges
₹14.12 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2025 | 101091323 | Others | ₹3.64 Cr | Open | |
| 02 Feb 2022 | 100536782 | Others | ₹4.21 Cr | Open | |
| 13 Sep 2012 | 10379863 | Others | ₹4.87 Cr | Open | |
| 16 Aug 2012 | 10375216 | Others | ₹1.4 Cr | Open |
To see the full charge records of Spinning King (India) Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Spinning King (India) Limited has 4 court cases on record: 1 filed by Spinning King (India), 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Shreeji Fibre Pvt.Ltd. and 2 others | Disposed |
| High Court, GUJARAT | Court case (CR.A) | Filed against the company by Husseni Cotton Processors Pvt.Ltd. Thro Yusufali Saiyadali | Disposed |
| District court, Mahesana, Gujarat | Criminal complaint | Filed against the company by Modi Mukeshbhai Ratilal, Partner Uma Cotton Co. | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by The H.B. Kapadia New High School | Disposed |
To see the full case history of Spinning King (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spinning King (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spinning King (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCS5986B1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spinning King (India) Limited, buy the company report.
Recent activity
Spinning King (India) Limited has 3 board changes on record since 2001: 3 appointments. The latest: Khagen Kisanbhai Kashiwala was appointed as Director on 04 Sep 2001.
AGM
Spinning King (India) Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 3.64 Cr with Charge ID 101091323 was registered on 03 May 2025.
Filing
Spinning King (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 4.87 Cr registered on 13 Sep 2012 with Charge ID 10379863 was modified on 25 May 2022.
Charges
A charge with Others amounted to Rs. 4.21 Cr with Charge ID 100536782 was registered on 02 Feb 2022.
Charges
A charge with Others of Rs. 1.40 Cr registered on 16 Aug 2012 with Charge ID 10375216 was modified on 14 Feb 2018.
Charges
A charge with Others amounted to Rs. 4.87 Cr with Charge ID 10379863 was registered on 13 Sep 2012.
Charges
A charge with Others amounted to Rs. 1.40 Cr with Charge ID 10375216 was registered on 16 Aug 2012.
Appointed
Khagen Kisanbhai Kashiwala was appointed as Director.
Appointed
Kishan Pranjivandas Kashiwala was appointed as Director.
Appointed
Virang Krushnakant Kashiwala was appointed as Director.
Incorporation
04 Sep 2001
Spinning King (India) Limited was registered on 04 Sep 2001 with Roc Ahmedabad & aged 25 years 2 months as per MCA records.
Frequently asked questions
Spinning King (India) is an active public limited company based in Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 04 September 2001 (25+ years old) and is registered under CIN U17119GJ2001PLC039968.
Spinning King (India) has 3 current directors:
- Kishan Pranjivandas Kashiwala - Director
- Khagen Kisanbhai Kashiwala - Director
- Virang Krushnakant Kashiwala - Director
The latest financial statements of Spinning King (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spinning King (India) is 24AAFCS5986B1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Spinning King (India) is U17119GJ2001PLC039968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spinning King (India) has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
Spinning King (India) was incorporated on 04 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Spinning King (India) by revenue are Samrath Sun Fab Pvt Ltd, Veena Garments Private Limited, Mahalakshmi Textiles Traders Private Limited, Goldstar Cottex Limited, Modish Tradex Private Limited and 3 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Khagen Kisanbhai Kashiwala was appointed as Director on 04 Sep 2001. Kishan Pranjivandas Kashiwala was appointed as Director on 04 Sep 2001. Virang Krushnakant Kashiwala was appointed as Director on 04 Sep 2001.
Yes, Spinning King (India) is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0043365).
Spinning King (India) can be reached through the website spinningking.com. Its registered office is in Gujarat, India.
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