Stitex Global Limited
About Stitex Global Limited
Data last updated:
Stitex Global Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 21 May 1998.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15143GJ1998PLC104020. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹1.01 Cr. It was led by directors including Rajendra Gupta and Manoj Garg.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Plot No. 280 Sarkhej – Gandhinagar Highway Near Ymca Club Makarba, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2018, the company reported a revenue of ₹77.69 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹1.97 Lakh (net margin 0%) and EBITDA of ₹1.78 Lakh (EBITDA margin 0%).
Its group structure included 1 subsidiary.
As per MCA filings, the company had open charges of ₹99 Cr and satisfied charges of ₹10 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
CIN history
Stitex Global has one previous CIN (Corporate Identification Number): U15143MP1998PLC012842. The current CIN is U15143GJ1998PLC104020, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15143GJ1998PLC104020 | Current |
| U15143MP1998PLC012842 | Previous |
Contact details
Stitex Global Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 280 Sarkhej – Gandhinagar Highway Near Ymca Club Makarba, Ahmedabad, Gujarat, India – 380015
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Stitex Global 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
Business activity
The main business activity of Stitex Global 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 Stitex Global Limited, buy the company report.
Financials of Stitex Global Limited
FY 2018 filings availableStitex Global Limited reported revenue of ₹77.69 Cr (down 41% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year. EBITDA fell 97% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹77.69 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.78 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.97 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0% | |||
| Net Profit Margin | 0% | |||
| 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 Stitex Global Limited, buy the company report.
Board of directors of Stitex Global Limited
Stitex Global has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Gupta | Director | 10 Jul 2014 | 12 Years 3 Months | As last reported |
| Manoj Garg Also directs: Matriswa Exim Limited, Bright Drug Industries Private Limited, Divine Housing Development Company Private Limited and 5 more | Director | 22 Mar 2014 | 12 Years 7 Months | As last reported |
| Rajendra Joshi | Director | 30 Mar 2016 | 10 Years 7 Months | As last reported |
| Pramod Maheshwari Also directs: Lotus Workforce Private Limited | Director | 30 Mar 2016 | 10 Years 7 Months | As last reported |
| Rajeev Chaturvedi Also directs: Bhaskar News Media Limited | Director | 22 Mar 2014 | 12 Years 7 Months | As last reported |
Peer comparison
Stitex Global Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Vatsala Impex Private Limited | ₹79.33 Cr (FY 2024) | -14.0% | New Delhi, Delhi, India | |||
| Vigor Jute Private Limited | ₹79.13 Cr (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| Ompitra Fabtrade Private Limited | ₹78.9 Cr (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| S.G.M. Textiles Private Limited | ₹78.34 Cr (FY 2025) | -15.0% | Coimbatore, Tamil Nadu, India | |||
| Torbee Retail Private Limited | ₹78.2 Cr (FY 2019) | 42.0% | Bhiwandi, Maharashtra, India | |||
| Stitex Global Limitedthis company | ₹77.69 Cr (FY 2018) | -₹1.97 Lakh | 0% | -41.0% | Ahmedabad, Gujarat, India | |
| Shree Salasar Holdings Private Limited | ₹77.67 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| V. R. N. Enterprises Private Limited | ₹77.18 Cr (FY 2016) | -17.0% | Bangalore, Karnataka, India | |||
| MBM Textiles Private Limited | ₹76.92 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| KCK Industries Limited | ₹76.89 Cr (FY 2024) | -19.0% | Chandigarh, India |
To see the full peer comparison of Stitex Global Limited, buy the company report.
Auditor
Stitex Global Limited is audited by GUPTA NAVIN K & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA NAVIN K & CO | FY 2018 | 006263C |
Shareholding
The shareholding of Stitex Global Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Stitex Global Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2017 | 100101694 | Others | ₹86 Cr | Open | |
| 21 Oct 2001 | 90203857 | State Bank of Indore | ₹4 Cr | Open | |
| 21 Oct 2001 | 90208941 | State Bank of Indore | ₹4 Cr | Open | |
| 21 Oct 2001 | 90205723 | State Bank of Indore | ₹5 Cr | Open | |
| 18 Mar 2004 | 90206079 | State Bank of Indore | ₹10 Lakh | Satisfied |
To see the full charge records of Stitex Global Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Stitex Global Limited has 1 court case on record: 1 filed by Stitex Global. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against The State of Madhya Pradesh | Disposed |
To see the full case history of Stitex Global 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 Stitex Global Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Stitex Global has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sunshine Solvent Private Limited | U15143MP2007PTC020046 |
To see the full group structure of Stitex Global Limited, buy the company report.
GST
Stitex Global has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Stitex Global Limited, buy the company report.
Recent activity
Stitex Global Limited has 14 board changes on record since 2008: 5 appointments and 9 cessations. The latest: Pramod Maheshwari was appointed as Director on 30 Mar 2016.
14 earlier events are in the company report.
Frequently asked questions
Stitex Global has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Stitex Global was a public limited company based in Ahmedabad, Gujarat, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 21 May 1998 and is registered under CIN U15143GJ1998PLC104020. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Stitex Global was incorporated on 21 May 1998. It is registered with the Registrar of Companies, Ahmedabad.
Stitex Global had 5 directors:
- Rajendra Gupta - Director
- Manoj Garg - Director
- Rajendra Joshi - Director
- Pramod Maheshwari - Director
- Rajeev Chaturvedi - Director
The CIN (Corporate Identification Number) of Stitex Global is U15143GJ1998PLC104020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Stitex Global is at Plot No. 280 Sarkhej – Gandhinagar Highway Near Ymca Club Makarba, Ahmedabad, Gujarat, India – 380015.
The latest financial statements of Stitex Global on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Stitex Global has 3 GST registrations on record and all of them are cancelled or inactive.
Stitex Global operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Stitex Global by revenue are Vatsala Impex Private Limited, Vigor Jute Private Limited, Ompitra Fabtrade Private Limited, S.G.M. Textiles Private Limited, Torbee Retail Private Limited and 4 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Stitex Global has 1 court case on record: 1 filed by the company.
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