MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-RJ-07-0000268
Sumit Texspin Private Limited
Sumit Texspin Private Limited - manufacturing in Bhilwara, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.23 Cr
▼ 80% YoY
Net loss · FY 2024
₹12.46 Cr
Net margin -172.3%
EBITDA · FY 2024
-₹13.04 Cr
EBITDA margin -180.4%
Authorised capital
₹9.5 Cr
Registered with MCA
Paid-up capital
₹9.5 Cr
Issued & subscribed
Open charges
₹109.39 Cr
Satisfied ₹30 Lakh
Company age
25 yrs
Est. 2001
Employees · EPFO
62
Provident fund records
About Sumit Texspin Private Limited
Data last updated:
Sumit Texspin Private Limited is a private limited company based in Bhilwara, Rajasthan, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 June 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U17119RJ2001PTC017073. Its GSTIN is 08AAFCS9969N1Z8 (Rajasthan).
The company has an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹9.5 Cr. It is led by directors Kailash Chand Jain and Nirmal Gadiya.
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 21 2 Ndfloor Poojatower Gandhinagarnearguptahospital Oldrtoroad, Bhilwara, Rajasthan, India – 311001.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.23 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹12.46 Cr (net margin -172.3%) and EBITDA of -₹13.04 Cr (EBITDA margin -180.4%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 35% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹109.39 Cr and satisfied charges of ₹30 Lakh on record. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 4 cases are pending.
Sumit Texspin Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-07-0000268). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17119RJ2001PTC017073
Registration Number 017073
Incorporation Date 19 June 2001
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-RJ-07-0000268
Recognitions & Rankings of Sumit Texspin
Contact details
Sumit Texspin Private Limited's registered office is in Bhilwara, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address21 2 Ndfloor Poojatower Gandhinagarnearguptahospital Oldrtoroad, Bhilwara, Rajasthan, India – 311001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sumit Texspin Private Limited, buy the company report.
Comprehensive company report
Sumit Texspin Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Sumit Texspin are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sumit Texspin Private Limited, buy the company report.
Financials of Sumit Texspin Private Limited
FY 2024 filings availableSumit Texspin Private Limited reported revenue of ₹7.23 Cr (down 80% YoY) for FY 2024.
Revenue · FY 2024
₹7.23 Cr ▼ 80%
Net loss · FY 2024
₹12.46 Cr margin -172.3%
EBITDA · FY 2024
-₹13.04 Cr margin -180.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 80%
3 years · compounded
▼ 41%
5 years · compounded
▼ 35%
EBITDA CAGR growth
1 year
▼ 125%
3 years · compounded
▼ 56%
5 years · compounded
▼ 24%
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 80% fall in the latest year. EBITDA fell 125% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹13.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.46 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -180.4% | ||||
| Net Profit Margin | -172.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Sumit Texspin Private Limited, buy the company report.
Board of directors of Sumit Texspin Private Limited
Sumit Texspin has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Chand Jain Also directs: Sunrise Polyfab Private Limited | Director | 25 Mar 2024 | 2 Years 7 Months | Current |
| Nirmal Gadiya Also directs: Barista Apprels Private Limited, Sunrise Polyfab Private Limited, Ecco Aviation Limited and 1 more | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Sumit Texspin Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Mti Fabrictech Private Limited | ₹7.25 Cr (FY 2024) | -32.0% | Kanpur, Uttar Pradesh, India | |||
| Chatresh Texfab Private Limited | ₹7.25 Cr (FY 2024) | 828.0% | Mumbai, Maharashtra, India | |||
| J & V Rugs Private Limited | ₹7.23 Cr (FY 2024) | -27.0% | Nabha, Punjab, India | |||
| Sumit Texspin Private Limitedthis company | ₹7.23 Cr (FY 2024) | -₹12.46 Cr | -172.3% | -80.0% | 62 | Bhilwara, Rajasthan, India |
| Birja Devi Poly Fabrics Private Limited | ₹7.22 Cr (FY 2025) | -13.0% | Hyderabad, Telangana, India | |||
| Neelam Cotsyn Private Limited | ₹7.22 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sumit Texspin Private Limited, buy the company report.
Auditor
Sumit Texspin Private Limited is audited by B MAHESHWARI AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B MAHESHWARI AND CO | FY 2023 | 0105839W |
Shareholding
The shareholding of Sumit Texspin Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sumit Texspin Private Limited, buy the company report.
Charges & borrowings
Open charges
₹109.39 Cr
Satisfied charges
₹30 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2021 | 100493687 | Others | ₹7.33 Cr | Open | |
| 05 Feb 2021 | 100413430 | Others | ₹14.66 Cr | Open | |
| 31 Aug 2020 | 100370240 | Others | ₹1.14 Cr | Open | |
| 17 Apr 2020 | 100335220 | Others | ₹2 Cr | Open | |
| 13 Dec 2019 | 100307988 | Others | ₹8.8 Cr | Open |
To see the full charge records of Sumit Texspin Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Sumit Texspin Private Limited has 12 court cases on record: 6 filed by Sumit Texspin, 6 filed against it. 4 cases are pending and 8 are disposed.
Total cases
12
Filed by the company
6
Filed against the company
6
Pending
4
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 4 |
| District courts | 3 | 3 | 0 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Jaipur | Insolvency matter | Filed against the company by Satyam Syncotex Private Limited | Disposed |
| NCLT, Jaipur | Insolvency matter | Filed against the company by R.S. Motors Private Limited | Disposed |
| NCLT, Jaipur | Insolvency matter | Filed against the company by Fashion Suitings Private Limited | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against Ajmer Vidhyut Vitran Nigam Ltd | Pending |
| High Court, RAJASTHAN | Interim or miscellaneous application | Filed by the company against Ajmer Vidhyut Vitran Nigam Ltd. | Pending |
To see the full case history of Sumit Texspin Private 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.
Credit ratings & regulatory alerts
Sumit Texspin Private Limited was last rated by Care on 24 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Jan 2022 |
To see the full credit ratings and regulatory alerts of Sumit Texspin Private Limited, buy the company report.
MSME payment delays
Sumit Texspin Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Silver Tex Industries | |||
| Unispin Card Clothing India Private Limited | |||
| Shree Sulztex Spares Private Limited | |||
| Nikunj Synfab Private Limited |
To see the full MSME payment records of Sumit Texspin Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sumit Texspin Private Limited has a workforce of 62 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
62
Active EPFO establishments
1
Employee growth
-75.97%
GST
Sumit Texspin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAFCS9969N1Z8 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sumit Texspin Private Limited, buy the company report.
Recent activity
Sumit Texspin Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Juhi Gadiya ceased to be Director on 25 Mar 2024.
AGM
Sumit Texspin Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sumit Texspin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
Ceased
Juhi Gadiya ceased to be Director.
Appointed
Kailash Chand Jain was appointed as Director.
Ceased
Satya Narayan Inani ceased to be Director.
Charges
A charge with Others amounted to Rs. 7.33 Cr with Charge ID 100493687 was registered on 29 Oct 2021.
Charges
A charge with Others amounted to Rs. 14.66 Cr with Charge ID 100413430 was registered on 05 Feb 2021.
Charges
A charge with Others amounted to Rs. 1.14 Cr with Charge ID 100370240 was registered on 31 Aug 2020.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100335220 was registered on 17 Apr 2020.
Charges
A charge with Others amounted to Rs. 8.80 Cr with Charge ID 100307988 was registered on 13 Dec 2019.
Charges
A charge with Others of Rs. 20.00 Cr registered on 29 Sep 2017 with Charge ID 100125824 was modified on 13 Dec 2019.
Charges
A charge with Others of Rs. 55.00 Cr registered on 29 Sep 2017 with Charge ID 100125825 was modified on 13 Dec 2019.
10 earlier events are in the company report.
Frequently asked questions
Sumit Texspin is an active private limited company based in Bhilwara, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 June 2001 (25+ years old) and is registered under CIN U17119RJ2001PTC017073.
Sumit Texspin has 2 current directors:
- Kailash Chand Jain - Director
- Nirmal Gadiya - Director
The latest financial statements of Sumit Texspin on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sumit Texspin is 08AAFCS9969N1Z8, registered in Rajasthan.
The CIN (Corporate Identification Number) of Sumit Texspin is U17119RJ2001PTC017073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sumit Texspin has 12 court cases on record: 6 filed by the company and 6 filed against it. 4 are pending. Most are in the high courts.
Sumit Texspin was incorporated on 19 June 2001, making it 25+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Sumit Texspin by revenue are Mti Fabrictech Private Limited, Chatresh Texfab Private Limited, J & V Rugs Private Limited, Birja Devi Poly Fabrics Private Limited, Neelam Cotsyn Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Juhi Gadiya ceased to be Director on 25 Mar 2024. Kailash Chand Jain was appointed as Director on 25 Mar 2024. Satya Narayan Inani ceased to be Director on 01 Apr 2022. Sumit Texspin has 7 board changes on record in total.
Yes, Sumit Texspin is registered as a medium enterprise under Udyam registration (number: UDYAM-RJ-07-0000268).
Sumit Texspin has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 08 Jun 2019.
The registered office of Sumit Texspin is at 21 2 Ndfloor Poojatower Gandhinagarnearguptahospital Oldrtoroad, Bhilwara, Rajasthan, India – 311001.