Stitched Textiles Limited

Stitched Textiles Limited - trading in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U17120GJ2015PLC084962 Incorporated 02 November 2015 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Public Limited Company trading
Data last updated
Revenue · FY 2023
₹175.24 Cr
▲ 62% YoY
Net loss · FY 2023
₹2.2 Cr
Net margin -1.3%
EBITDA · FY 2023
-₹1.34 Cr
EBITDA margin -0.8%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹12.65 Cr
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
54
Provident fund records
Directors on board
4
As per MCA filings

About Stitched Textiles Limited

Data last updated:

Stitched Textiles Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 02 November 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2015PLC084962. Its GSTIN is 24AAWCS3756Q1ZA (Gujarat). The company holds 17 GST registrations, of which 16 are active.

The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.65 Cr. It was formerly known as Stitched Textiles Private Limited and Stitched Textiles (Opc) Private Limited. It is led by directors including Vishnudutt Gangasahay Gupta (Managing Director) and Rushabh Anilkumar Shah.

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 Ahmedabad, Gujarat.

As per the financials filed for FY 2023, the company reported a revenue of ₹175.24 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net loss of ₹2.2 Cr (net margin -1.3%) and EBITDA of -₹1.34 Cr (EBITDA margin -0.8%). Revenue has grown at a compounded annual rate (CAGR) of 195% over three years and 194% over five years.

The company has about 54 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Barcelona Club. Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 7 cases are pending. The company has 10 deals on record (5 rights issues, 4 secondary share transfers, 1 funding round), with disclosed funding of ₹19.85 Cr; the latest was in June 2024. Its 10 peer companies in the Consumer Products industry (Textile Retail and Distribution, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Goodwill Fabrics Private Limited with revenue of ₹176.54 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 barcelonaclub.in.

Company Details of Stitched Textiles Limited
CIN U17120GJ2015PLC084962
Registration Number 084962
Incorporation Date 02 November 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Vishnudutt Gangasahay Gupta Managing Director Rushabh Anilkumar Shah Director Chetan Kumar Ojha Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    barcelonaclub.in
  • Social Media
  • Registered Address
    Godown No – 1 234/1 234/2 Fp – 69/3 Sadashiv Kanto, B/H Bajaj Process Narol Chokdi Sarkhej Highway, Ahmedabad, Gujarat, India – 382405
  • Industry
    Trading, Other Wholesale, Wholesale
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Financials, compliance, directors, charges, ownership and filings for Stitched Textiles Limited in one report.

Financials from FY 2016 Directors & ownership Charges & compliance

Business Activity of Stitched Textiles Limited

The main business activity of Stitched Textiles is trade. In detail, this covers wholesale trading.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG1Wholesale TradingLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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Financials of Stitched Textiles Limited FY 2024 filings available

Stitched Textiles Limited reported revenue of ₹175.24 Cr (up 62% YoY) for FY 2023.

Revenue · FY 2023
₹175.24 Cr ▲ 62%
Net loss · FY 2023
₹2.2 Cr margin -1.3%
EBITDA · FY 2023
-₹1.34 Cr margin -0.8%

Compounded Annual Growth Rate (CAGR) of Stitched Textiles Limited

Revenue CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 195%
5 years · compounded
▲ 194%
EBITDA CAGR growth
1 year
▼ 211%
3 years · compounded
▼ 233%
5 years · compounded
▼ 145%

Revenue has grown at a compounded annual rate (CAGR) of 194% over five years, including 62% growth in the latest year. EBITDA fell 211% 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 Stitched Textiles Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
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-₹1.34 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹2.2 Cr••••••••••••••••
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 Stitched Textiles Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-0.8%••••••••••••••••
Net Profit Margin-1.3%••••••••••••••••
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 Stitched Textiles are in the company report.

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Financial statements from FY 2016

Earlier years and trend charts are in the company report.

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Peer Comparison of Stitched Textiles Limited

Stitched Textiles Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution, Textiles). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Goodwill Fabrics Private Limited₹176.54 Cr (FY 2025)••••••••8.0%••••Bhilwara, Rajasthan, India
Cee Kay Mercantile Private Limited₹176.39 Cr (FY 2025)••••••••-5.0%••••Mumbai, Maharashtra, India
Karnika Industries Limited₹176.28 Cr (FY 2025)••••••••37.0%••••Howrah, West Bengal, India
Shree Ambica Agro Industries Pvt Ltd₹176.27 Cr (FY 2025)••••••••198.0%••••Bolangir, Odisha, India
Filatech Corporation Private Limited₹175.84 Cr (FY 2025)••••••••74.0%••••Gurgaon, Haryana, India
Stitched Textiles Limited this company₹175.24 Cr (FY 2023)••••••••62.0%••••Ahmedabad, Gujarat, India
P.A.R.K Industries Private Limited₹174.91 Cr (FY 2025)••••••••8.0%••••Delhi, India
Shivay Spinning Mill Private Limited₹174.06 Cr (FY 2025)••••••••-5.0%••••Hinganghat, Maharashtra, India
KG Fabriks Limited₹173.5 Cr (FY 2018)••••••••0.0%••••Perundurai, Erode Dist, Tamil Nadu, India
Sri Jagannatha Spinners Private Limited₹173.49 Cr (FY 2024)••••••••-5.0%••••Coimbatore, Tamil Nadu, India
GTN Industries Limited Listed₹173.27 Cr (FY 2025)••••••••-7.0%••••Medak, Telangana, India

Peers are the five companies nearest above and the five nearest below Stitched Textiles by revenue in the Consumer Products industry (Textile Retail and Distribution, 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 Stitched Textiles Limited

Stitched Textiles Limited is audited by J S Maheshwari & Co for the financial year 2022.

NameStatusAppointment DateCessation Date
J S Maheshwari & CoLockedLockedLocked
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Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Stitched Textiles Limited

Stitched Textiles has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rushabh Anilkumar Shah
Also directs: Hindprakash Industries Limited, Yasons Chemex Care Limited, Yash Chemex Limited and 3 more
Director14 Dec 20214 Years 9 MonthsCurrent
Chetan Kumar Ojha
Also directs: 7Nr Retail Limited
Director17 Aug 20224 Years 1 MonthsCurrent
Premaram Jaitaram Patel
Also directs: Aten Papers & Foam Limited, Darjeeling Industriies Limited, Shyamkamal Investments Limited and 2 more
Director01 Mar 20224 Years 7 MonthsCurrent
Vishnudutt Gangasahay Gupta
Also directs: Hillary Fashion Cotfab Limited, Uni-Safe Surgi Pharma Limited
Managing Director01 Jul 20251 Years 3 MonthsCurrent
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Ownership and Shareholding of Stitched Textiles Limited

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Charges & Borrowings of Stitched Textiles Limited

Stitched Textiles Limited does not have any charges (loans) registered with the Registrar of Companies.

Deals & Funding of Stitched Textiles Limited

Stitched Textiles Limited has 10 deals on record (5 rights issues, 4 secondary share transfers, 1 funding round), with disclosed funding of ₹19.85 Cr; the latest was in June 2024.

Total deals
10
Rights issues
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹19.85 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Jun 2024Rights issue₹78.8 LakhInvestors: Vacro Enterprises Private Limited
Mar 2024Funding round₹19.85 CrInvestors: Yarn Syndicate Ltd
Mar 2022Secondary share transferUndisclosedBuyer: an individual
Seller: Qmin Industries Limited , an individual
Oct 2021Secondary share transferUndisclosedBuyer: an individual
Seller: Qmin Industries Limited
Oct 2021Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Qmin Industries Limited , 2 individuals
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Full deal history

All 10 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Stitched Textiles Limited

Stitched Textiles operates one associated brand: Barcelona Club. Each brand links to its own profile.

BrandDescriptionWebsite
Barcelona Club
Men's wear is contract-manufactured by Barcelona Club in India.barcelonaclub.in

Employees and EPFO Compliance at Stitched Textiles Limited

Stitched Textiles Limited has a workforce of 54 employees as of Apr 08, 2024.

Employee count
54
Active EPFO establishments
1
Employee growth
-47.06%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Stitched Textiles Limited

Stitched Textiles has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Associated companies

Name History of Stitched Textiles Limited

Stitched Textiles has undergone 2 name changes throughout its history. The company was previously known as Stitched Textiles Private Limited, and Stitched Textiles (Opc) Private Limited. The current legal name is Stitched Textiles Limited.

Company NameStatus
Stitched Textiles LimitedCurrent
Stitched Textiles Private LimitedPrevious
Stitched Textiles (Opc) Private LimitedPrevious

CIN History of Stitched Textiles Limited

Stitched Textiles has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17120GJ2015PLC084962, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U17120GJ2015PLC084962Current
U17120GJ2015PTC084962Previous
U17120GJ2015OPC084962Previous

News related to Stitched Textiles Limited

Barcelona opens sixth store in Patna
21 Sep 2023 · Fashion Network
Barcelona opens first store in Goa
07 Jun 2023 · Fashion Network

Recent Activity on Stitched Textiles Limited

Stitched Textiles Limited has 15 board changes on record since 2015: 5 appointments and 10 cessations. The latest: Vishnudutt Gangasahay Gupta was appointed as Managing Director on 01 Jul 2025.

Appointed
Vishnudutt Gangasahay Gupta was appointed as Managing Director.
AGM
Stitched Textiles Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Stitched Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Shivani Pathak ceased to be Company Secretary.
Ceased
Chetan Kumar Ojha ceased to be Additional Director.
Ceased
Premaram Jaitaram Patel ceased to be Additional Director.
Ceased
Yesha Yatishbhai Shah ceased to be Additional Director.
Appointed
Chetan Kumar Ojha was appointed as Director.
Ceased
Kresha Kailash Gupta ceased to be Additional Director.
Appointed
Premaram Jaitaram Patel was appointed as Director.
Ceased
Gupta Jaimin Kailash ceased to be Director.
Ceased
Raj Arjanbhai Ahir ceased to be Additional Director.

6 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Stitched Textiles Limited

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MSME Payment Delays by Stitched Textiles Limited

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Subsidiaries & Group Companies of Stitched Textiles Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Stitched Textiles Limited

Stitched Textiles has 17 GST registrations: 16 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
17
Active
16
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAWCS3756Q1ZAGujaratActive01 Jul 2017
27AAWCS3756Q1Z4MaharashtraActive31 May 2019
10AAWCS3756Q1ZJBiharActive18 Aug 2021
09AAWCS3756Q1Z2Uttar PradeshActive19 Aug 2021
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Stitched Textiles Limited

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MCA filings and documents

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Frequently Asked Questions about Stitched Textiles Limited

Stitched Textiles is an active public limited company based in Ahmedabad, Gujarat, India. The company works in other wholesale, within the trading industry. It was incorporated on 02 November 2015 (11+ years old) and is registered under CIN U17120GJ2015PLC084962.

Stitched Textiles reported revenue of ₹175.24 Cr for FY 2023 (up 62% YoY).

Stitched Textiles has 4 current directors:

Stitched Textiles reported a net loss of ₹2.2 Cr (net margin -1.3%) and EBITDA of -₹1.34 Cr (EBITDA margin -0.8%) for FY 2023, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Stitched Textiles is 195% over three years and 194% over five years. In the latest year (FY 2023) revenue rose 62%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Stitched Textiles is 24AAWCS3756Q1ZA, registered in Gujarat. The company has 17 GST registrations in all, of which 16 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAWCS3756Q1Z4 (Maharashtra), 10AAWCS3756Q1ZJ (Bihar), 09AAWCS3756Q1Z2 (Uttar Pradesh).

The CIN (Corporate Identification Number) of Stitched Textiles is U17120GJ2015PLC084962. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Stitched Textiles has 11 court cases on record: 6 filed by the company and 5 filed against it. 7 are pending. Most are in the district courts.

Stitched Textiles was incorporated on 02 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Stitched Textiles has 10 deals on record (5 rights issues, 4 secondary share transfers, 1 funding round), with disclosed funding of ₹19.85 Cr; the latest was in June 2024.

The peers of Stitched Textiles by revenue are Goodwill Fabrics Private Limited, Cee Kay Mercantile Private Limited, Karnika Industries Limited, Shree Ambica Agro Industries Pvt Ltd, Filatech Corporation Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution, Textiles).

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