About Sti India Limited
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Sti India Limited is a public limited company based in Indore, Madhya Pradesh, India, a subsidiary of Bombay Rayon Fashions Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 August 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L27105MP1984PLC002521. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from NSE on 23 Mar 2022 · compulsory delisting and from BSE on 22 Jul 2022 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹29 Cr. It was formerly known as Sti Biplus Tubing (India) Limited. It is led by directors including Aman Agrawal (Managing Director) and Prashant Janardan Agrawal.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Rau – Pithampur Link Road Tehsil Mhow, Indore, Madhya Pradesh, India – 453332.
As per the financials filed for FY 2019, the company reported a revenue of ₹48.59 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹5.83 Cr (net margin -12%) and EBITDA of -₹1.86 Cr (EBITDA margin -3.8%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years.
The company has about 778 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: STI India. As per MCA filings, the company has open charges of ₹14,589 Cr and satisfied charges of ₹498.92 Cr on record. Court records list 39 cases involving the company, including 14 filed by the company and 25 filed against it; 3 cases are pending. The company has 27 deals on record (16 market trades, 10 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹144.98 Cr; the latest was in November 2020. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 5 smaller; the largest is S Garg Textiles Private Limited with revenue of ₹48.64 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stitextile.net.
Company details
Contact details
Sti India Limited's registered office is in Indore, Madhya Pradesh. Its website is stitextile.net. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressRau – Pithampur Link Road Tehsil Mhow, Indore, Madhya Pradesh, India – 453332
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sti India Limited, 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
Brands
Sti India operates one associated brand: STI India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Insights and analysis for various togel games are provided. | stitextile.net |
Business activity
The main business activity of Sti India 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 Sti India Limited, buy the company report.
Financials of Sti India Limited
FY 2019 filings availableSti India Limited reported revenue of ₹48.59 Cr (up 21% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 20%. EBITDA rose 44% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹48.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.83 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.8% | ||||
| Net Profit Margin | -12% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Sti India Limited, buy the company report.
Board of directors of Sti India Limited
Sti India has 5 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aman Agrawal | Managing Director | 25 Nov 2010 | 15 Years 11 Months | Current |
| Prashant Janardan Agrawal Also directs: Scotts Plantations Private Limited, Gfi Infrastructure Development Private Limited, Bombay Rayon Holdings Limited and 5 more | Director | 25 Nov 2010 | 15 Years 11 Months | Current |
| Suresh Shankar Vishwasrao | Director | 05 Nov 2016 | 9 Years 11 Months | Current |
| John Mathew | Director | 15 May 2015 | 11 Years 5 Months | Current |
| Prachi Amit Deshpande | Director | 15 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Sti India Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| S Garg Textiles Private Limited | ₹48.64 Cr (FY 2025) | 125.0% | Tirupur, Tamil Nadu, India | |||
| BSB Woollens Private Limited | ₹48.61 Cr (FY 2024) | 42.0% | Panipat, Haryana, India | |||
| Sti India Limitedthis company | ₹48.59 Cr (FY 2019) | -₹5.83 Cr | -12% | 21.0% | 778 | Indore, Madhya Pradesh, India |
| Maheshkumar Spinning Mills Private Limited | ₹48.52 Cr (FY 2024) | -9.0% | Coimbatore, Tamil Nadu, India | |||
| Sabar Cotton Private Limited | ₹48.5 Cr (FY 2024) | -57.0% | Ahmedabad, Gujarat, India | |||
| Bal Hanuman Tex Fab Private Limited | ₹48.45 Cr (FY 2025) | 349.0% | Ahmedabad, Gujarat, India | |||
| Ahuja Cotspin Private Limited | ₹48.44 Cr (FY 2022) | -24.0% | Ludhiana, Punjab, India | |||
| Aravali Silk Mills Private Limited | ₹48.44 Cr (FY 2024) | -18.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sti India Limited, buy the company report.
Auditor
Sti India Limited is audited by V K BESWAL & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K BESWAL & ASSOCIATES | FY 2019 | 101083W |
Shareholding
The shareholding of Sti India Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sti India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2022 | 100601885 | Others | ₹17 Cr | Open | |
| 10 Jan 2020 | 100321788 | Others | ₹150 Cr | Open | |
| 30 May 2018 | 100228517 | Others | ₹401.62 Cr | Open | |
| 30 May 2018 | 100229705 | Others | ₹401.62 Cr | Open | |
| 21 Dec 2015 | 10609007 | Idbi Trusteeship Services Limited | ₹5,950.95 Cr | Open |
To see the full charge records of Sti India Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Sti India Limited has 27 deals on record (16 market trades, 10 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹144.98 Cr; the latest was in November 2020.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: SilverStreak Asset Management, Bombay Rayon Fashions Limited , Prime India Investment Fund Limited, an individual Seller: STATE BANK OF INDIA, Others STI India Limited, Hyson Investments and Finance Private Limited |
| Dec 2012 | Market trade | ₹3.69 Cr | Buyer: an individual Seller: Keynote Fincorp Limited , Keynote Capitals Limited |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Bombay Rayon Fashions Limited Seller: Eight Capital, Spinnaker Global Strategic Fund Limited, Spinnaker Global Emerging Markets Fund Limited |
| Oct 2010 | Market trade | ₹25.08 Cr | Buyer: Bombay Rayon Fashions Limited Seller: Spinnaker Global Emerging Markets Fund Limited, Spinnaker Global Strategic Fund Limited-Fdi, Spinnaker Global Opportunity Fund Limited |
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: Bombay Rayon Fashions Limited Seller: Eight Capital, Spinnaker Global Opportunity Fund Limited, Spinnaker Global Strategic Fund Limited |
To see the full deal history of Sti India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sti India Limited has 39 court cases on record: 14 filed by Sti India, 25 filed against it. 3 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 16 | 2 |
| High courts | 18 | 8 | 0 |
| Supreme Court | 3 | 1 | 1 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Steel Tubes of India Ltd and 2 Others | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Steel Tubes of India Ltd and 2 Others | Disposed |
| Bombay High Court | Court case (RP) | Filed against the company by Steel Tubes of India Ltd and 2 Others | Disposed |
| Bombay High Court | Court case (NMCA) | Filed against the company by Steel Tubes of India Ltd and 2 Others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Asset Reconstruction Company (India) Ltd. and 4 others | Disposed |
To see the full case history of Sti 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 Sti India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sti India Limited has a workforce of 778 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Sti India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sti India Limited, buy the company report.
Recent activity
Sti India Limited has 41 board changes on record since 1984: 23 appointments and 18 cessations. The latest: Vishal Kiran Sharma ceased to be Director on 04 Jan 2023.
90 earlier events are in the company report.
Frequently asked questions
Sti India is an active public limited company based in Indore, Madhya Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 August 1984 (42+ years old) and is registered under CIN L27105MP1984PLC002521.
Sti India has 5 current directors:
- Aman Agrawal - Managing Director
- Prashant Janardan Agrawal - Director
- Suresh Shankar Vishwasrao - Director
- John Mathew - Director
- Prachi Amit Deshpande - Director
The latest financial statements of Sti India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
No. Sti India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sti India is L27105MP1984PLC002521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sti India is recorded as a listed company by MCA, but its shares were delisted from NSE on 23 Mar 2022 · compulsory delisting and from BSE on 22 Jul 2022 · compulsory delisting, and no longer trade on a stock exchange.
Sti India has 39 court cases on record: 14 filed by the company and 25 filed against it. 3 are pending. Most are in the district courts.
Sti India was incorporated on 07 August 1984, making it 42+ years old. It is registered with the Registrar of Companies, Gwalior.
Sti India has 27 deals on record (16 market trades, 10 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹144.98 Cr; the latest was in November 2020.
The peers of Sti India by revenue are S Garg Textiles Private Limited, BSB Woollens Private Limited, Maheshkumar Spinning Mills Private Limited, Sabar Cotton Private Limited, Bal Hanuman Tex Fab Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Vishal Kiran Sharma ceased to be Director on 04 Jan 2023. Asharam Mundra ceased to be Director on 31 Dec 2021. Jasmeet Singh Bhasin ceased to be Director on 21 Sep 2021. Sti India has 41 board changes on record in total.