About Sumicot Limited
Data last updated:
Sumicot Limited is a public limited company based in Surat, Gujarat, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 25 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2010PLC063028. Its GSTIN is 24AAPCS0106D1ZU (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹8.67 Cr. It was formerly known as Sumeet Poly Power Limited. It is led by directors including Rakesh Somani (Managing Director) and Sanjay Mangilal Lahoti.
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 Office No. 809 Rajhans Montessa Dumas Road Vill. – Magdulla, Surat, Gujarat, India – 395007.
As per the financials filed for FY 2024, the company reported a revenue of ₹238.83 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.65 Cr (net margin 0.7%) and EBITDA of ₹17.82 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
The company has about 119 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sumicot Limited. As per MCA filings, the company has open charges of ₹196.37 Cr and satisfied charges of ₹309.83 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sumicot.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 809 Rajhans Montessa Dumas Road Vill. – Magdulla, Surat, Gujarat, India – 395007
- IndustryAppreal & Fashion, Leather, Textile, Apparel
- 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
- One PDF report, delivered after checkout
Name History of Sumicot Limited
Sumicot has undergone 2 name changes throughout its history. The company was previously known as Sumicot Limited, and Sumeet Poly Power Limited. The current legal name is Sumicot Limited.
| Company Name | Status |
|---|---|
| Sumicot Limited | Current |
| Sumeet Poly Power Limited | Previous |
Associated Brands with Sumicot Limited
Sumicot operates one associated brand: Sumicot Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cotton yarn manufacturing and fabric production in India. | sumicot.com |
Business Activity of Sumicot Limited
The main business activity of Sumicot is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sumicot Limited
Sumicot Limited is audited by B CHORDIA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B CHORDIA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sumicot Limited
Sumicot has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Somani Also directs: FS Wealth Management LLP, Longevity Vision LLP, Sumicot Apparels Private Limited and 5 more | Managing Director | 25 Nov 2010 | 15 Years 10 Months | Current |
| Sanjay Mangilal Lahoti Also directs: Polycoat India Private Limited, Akashganga Processors Private Limited, Sanjay Polytex Private Limited and 1 more | Director | 30 Nov 2019 | 6 Years 10 Months | Current |
| Ritesh Rajkumar Somani Also directs: Bhoomeka Processors Private Limited, Rakesh Industries Private Limited, Sumeet Silk Processors Pvt Ltd and 5 more | Director | 30 Nov 2019 | 6 Years 10 Months | Current |
| Pragya Daftari | Director | 03 Jul 2024 | 2 Years 3 Months | Current |
| Shiv Kumar | Director | 03 Jul 2024 | 2 Years 3 Months | Current |
Financials of Sumicot Limited FY 2024 filings available
Sumicot Limited reported revenue of ₹238.83 Cr (down 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sumicot Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 24% 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 Sumicot Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹17.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.65 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Sumicot Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Sumicot are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Sumicot Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sumicot Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Oct 2025 | Axis Bank Limited | ₹9.99 Cr | Open |
| 24 Jun 2025 | Standard Chartered Bank | ₹12 Cr | Open |
| 29 May 2025 | Standard Chartered Bank | ₹1.2 Cr | Open |
| 17 Jan 2025 | Axis Bank Limited | ₹5.16 Cr | Open |
| 06 Sep 2024 | Axis Bank Limited | ₹67.63 Cr | Open |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Sumicot Limited
Sumicot Limited has a workforce of 119 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Sumicot Limited
Sumicot has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCS0106D1ZU | Gujarat | Active | 01 Jul 2017 |
| 24AAPCS0106D2ZT | Gujarat | Active | 04 Jan 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Sumicot Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sumicot Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Sumicot Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Sumicot Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Sumicot Limited
Frequently Asked Questions about Sumicot Limited
Sumicot is an active public limited company based in Surat, Gujarat, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 25 November 2010 (16+ years old) and is registered under CIN U40106GJ2010PLC063028.
Sumicot reported revenue of ₹238.83 Cr for FY 2024 (down 2% YoY).
Sumicot has 5 current directors:
- Rakesh Somani - Managing Director
- Sanjay Mangilal Lahoti - Director
- Ritesh Rajkumar Somani - Director
- Pragya Daftari - Director
- Shiv Kumar - Director
Sumicot reported a net profit of ₹1.65 Cr (net margin 0.7%) and EBITDA of ₹17.82 Cr (EBITDA margin 7.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sumicot is 11% over three years and 3% over five years. In the latest year (FY 2024) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sumicot is 24AAPCS0106D1ZU, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAPCS0106D2ZT (Gujarat).
The CIN (Corporate Identification Number) of Sumicot is U40106GJ2010PLC063028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sumicot was incorporated on 25 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sumicot can be reached through the website sumicot.com. Its registered office is in Surat, Gujarat, India.