MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-32-0082231
Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur - manufacturing in Solapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.95 Cr
▲ 37% YoY
Net loss · FY 2025
₹2.77 Cr
Net margin -141.9%
EBITDA · FY 2025
-₹68.04 Lakh
EBITDA margin -34.9%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.36 Cr
Issued & subscribed
Open charges
₹3.23 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
8
As per MCA filings
About Threads & Colors Textile Confederation Solapur
Data last updated:
Threads & Colors Textile Confederation Solapur is a private not for profit company based in Solapur, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17299PN2019NPL185942. Its GSTIN is 27AAHCT4583B1ZA (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.36 Cr. It is led by directors including Ramesh Mallayya Bhairi and Shankar Rajmallu Jagilam.
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 Plot No. B – 82 Near Annapurn Adal Mill MIDC C. Kati, Solapur, Maharashtra, India – 413255.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.95 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹2.77 Cr (net margin -141.9%) and EBITDA of -₹68.04 Lakh (EBITDA margin -34.9%). Revenue has grown at a compounded annual rate (CAGR) of 288% over three years.
As per MCA filings, the company has open charges of ₹3.23 Cr on record.
Threads & Colors Textile Confederation Solapur is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-32-0082231). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Threads & Colors Textile Confederation Solapur
CIN U17299PN2019NPL185942
Registration Number 185942
Incorporation Date 07 August 2019
ROC Pune
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 Micro
Udyam Registration UDYAM-MH-32-0082231
Key People
Ramesh Mallayya Bhairi Director Shankar Rajmallu Jagilam Director Vandana Venugopal Alli Director Recognitions & Rankings of Threads & Colors Textile Confederation Solapur
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No. B – 82 Near Annapurn Adal Mill MIDC C. Kati, Solapur, Maharashtra, India – 413255
- IndustryManufacturing, Textile & Fabric Production
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Business Activity of Threads & Colors Textile Confederation Solapur
The main business activity of Threads & Colors Textile Confederation Solapur 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 |
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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 Threads & Colors Textile Confederation Solapur FY 2024 filings available
Threads & Colors Textile Confederation Solapur reported revenue of ₹1.95 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹1.95 Cr ▲ 37%
Net loss · FY 2025
₹2.77 Cr margin -141.9%
EBITDA · FY 2025
-₹68.04 Lakh margin -34.9%
Compounded Annual Growth Rate (CAGR) of Threads & Colors Textile Confederation Solapur
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 288%
EBITDA CAGR growth
3 years · compounded
▼ 182%
Revenue has grown at a compounded annual rate (CAGR) of 288% over three years, including 37% growth 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 Threads & Colors Textile Confederation Solapur
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹68.04 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.77 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 Threads & Colors Textile Confederation Solapur
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -34.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -141.9% | •••• | •••• | •••• | •••• |
| 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 Threads & Colors Textile Confederation Solapur are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur has 8 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 |
|---|---|---|---|---|
| Ramesh Mallayya Bhairi | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
| Shankar Rajmallu Jagilam | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
| Vandana Venugopal Alli | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
| Loknath Ramchandra Gundeti | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
| Govind Narayandas Zanwar | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
| Rajesh Shantaram Goski Also directs: Goski International Private Limited | Director | 05 Jul 2021 | 5 Years 3 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer Comparison of Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maharani Spinners India Private Limited | ₹1.96 Cr (FY 2022) | •••• | •••• | -30.0% | •••• | Tirupur, Tamil Nadu, India |
| Eske Tex (India) Pvt Ltd | ₹1.96 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Choksi Twisters Private Limited | ₹1.96 Cr (FY 2022) | •••• | •••• | 18.0% | •••• | Surat, Gujarat, India |
| Spandan Textiles Private Limited | ₹1.96 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Dhule, Maharashtra, India |
| Rishiraj Engineering Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Kalyan, Maharashtra, India |
| Threads & Colors Textile Confederation Solapur this company | ₹1.95 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Solapur, Maharashtra, India |
| Hotchand Hemandas Textiles Pvt Ltd | ₹1.95 Cr (FY 2017) | •••• | •••• | 22.0% | •••• | Indore, Madhya Pradesh, India |
| Rima Beach World Private Limited | ₹1.95 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Delhi, India |
| Hathisara Fashion Private Limited | ₹1.95 Cr (FY 2024) | •••• | •••• | 55.0% | •••• | New Delhi, Delhi, India |
| Shree Wardhaman Textiles & Services Ltd. | ₹1.95 Cr (FY 2024) | •••• | •••• | 127.0% | •••• | Kolkata, West Bengal, India |
| Ambaji Marketing Private Limited | ₹1.94 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Threads & Colors Textile Confederation Solapur by revenue in the Manufacturing industry (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 Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur is audited by ACAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ACAN & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Threads & Colors Textile Confederation Solapur
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Threads & Colors Textile Confederation Solapur
Open charges
₹3.23 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Dec 2022 | Others | ₹55 Lakh | Open |
| 27 Aug 2021 | Others | ₹2.68 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Threads & Colors Textile Confederation Solapur
Employment history and EPFO contributions of people linked to Threads & Colors Textile Confederation Solapur.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur has 14 board changes on record since 2019: 8 appointments and 6 cessations. The latest: Govind Narayandas Zanwar ceased to be Additional Director on 30 Nov 2021.
AGM
Threads & Colors Textile Confederation Solapur last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Threads & Colors Textile Confederation Solapur has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100648636 was registered on 08 Dec 2022.
Ceased
Govind Narayandas Zanwar ceased to be Additional Director.
Ceased
Loknath Ramchandra Gundeti ceased to be Additional Director.
Ceased
Rajesh Shantaram Goski ceased to be Additional Director.
Ceased
Ramesh Mallayya Bhairi ceased to be Additional Director.
Ceased
Shankar Rajmallu Jagilam ceased to be Additional Director.
Ceased
Vandana Venugopal Alli ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 2.68 Cr with Charge ID 100474567 was registered on 27 Aug 2021.
Appointed
Govind Narayandas Zanwar was appointed as Director.
Appointed
Loknath Ramchandra Gundeti was appointed as Director.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Threads & Colors Textile Confederation Solapur
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MSME Payment Delays by Threads & Colors Textile Confederation Solapur
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MSME payment history
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Subsidiaries & Group Companies of Threads & Colors Textile Confederation Solapur
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Corporate group structure
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GST Compliance of Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT4583B1ZA | Maharashtra | Active | 04 Oct 2019 |
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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 Threads & Colors Textile Confederation Solapur
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MCA filings and documents
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Frequently Asked Questions about Threads & Colors Textile Confederation Solapur
Threads & Colors Textile Confederation Solapur is an active private not for profit company based in Solapur, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 August 2019 (7+ years old) and is registered under CIN U17299PN2019NPL185942.
Threads & Colors Textile Confederation Solapur reported revenue of ₹1.95 Cr for FY 2025 (up 37% YoY).
Threads & Colors Textile Confederation Solapur has 8 current directors:
- Ramesh Mallayya Bhairi - Director
- Shankar Rajmallu Jagilam - Director
- Vandana Venugopal Alli - Director
- Loknath Ramchandra Gundeti - Director
- Govind Narayandas Zanwar - Director
- Rajesh Shantaram Goski - Director
- Govind Hanmantu Bura - Director
- Shrinivas Rajayya Gundeti - Director
Threads & Colors Textile Confederation Solapur reported a net loss of ₹2.77 Cr (net margin -141.9%) and EBITDA of -₹68.04 Lakh (EBITDA margin -34.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Threads & Colors Textile Confederation Solapur is 288% over three years. In the latest year (FY 2025) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Threads & Colors Textile Confederation Solapur is 27AAHCT4583B1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Threads & Colors Textile Confederation Solapur is U17299PN2019NPL185942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Threads & Colors Textile Confederation Solapur was incorporated on 07 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Threads & Colors Textile Confederation Solapur by revenue are Maharani Spinners India Private Limited, Eske Tex (India) Pvt Ltd, Choksi Twisters Private Limited, Spandan Textiles Private Limited, Rishiraj Engineering Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Govind Narayandas Zanwar ceased to be Additional Director on 30 Nov 2021. Loknath Ramchandra Gundeti ceased to be Additional Director on 30 Nov 2021. Rajesh Shantaram Goski ceased to be Additional Director on 30 Nov 2021. Threads & Colors Textile Confederation Solapur has 14 board changes on record in total.
Yes, Threads & Colors Textile Confederation Solapur is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-32-0082231).