MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-20-0003577
Verity Spintex Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹76.75 Cr
▼ 11% YoY
Net profit · FY 2025
₹1.13 Cr
Net margin 1.5%
EBITDA · FY 2025
₹4.22 Cr
EBITDA margin 5.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.8 Cr
Issued & subscribed
Open charges
₹83.1 Cr
Satisfied ₹16.14 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
34
Provident fund records
About Verity Spintex Private Limited
Data last updated:
Verity Spintex Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17122GJ2014PTC080661. Its GSTIN is 24AAECV8991Q1ZA (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.8 Cr. It is led by directors including Punitbhai Rameshbhai Bhalodiya and Prafulkumar Naranbhai Bhalodia.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹76.75 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 1.5%) and EBITDA of ₹4.22 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 7% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹83.1 Cr and satisfied charges of ₹16.14 Cr on record.
Verity Spintex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0003577). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website verity-spintex-pvt-ltd.business.site.
Company details
CIN U17122GJ2014PTC080661
Registration Number 080661
Incorporation Date 02 September 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-20-0003577
Key People
Punitbhai Rameshbhai Bhalodiya Director Prafulkumar Naranbhai Bhalodia Director Siddharth Narendrabhai Kadivar Director Recognitions & Rankings of Verity Spintex
Contact details
Verity Spintex Private Limited's registered office is in Rajkot, Gujarat. Its website is verity-spintex-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressR. S. – 275/2 Opp. Saurashtra Spc Kuvadva Wankaner Highway Village: Jiyan, A, Rajkot, Gujarat, India – 360023
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Verity Spintex Private Limited, buy the company report.
Comprehensive company report
Verity Spintex 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
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Business activity
The main business activity of Verity Spintex is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Verity Spintex Private Limited, buy the company report.
Financials of Verity Spintex Private Limited
FY 2025 filings availableVerity Spintex Private Limited reported revenue of ₹76.75 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹76.75 Cr ▼ 11%
Net profit · FY 2025
₹1.13 Cr margin 1.5%
EBITDA · FY 2025
₹4.22 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 2%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 1%
5 years · compounded
▼ 2%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.13 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Verity Spintex Private Limited, buy the company report.
Board of directors of Verity Spintex Private Limited
Verity Spintex has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Punitbhai Rameshbhai Bhalodiya Also directs: Vivanta Spintex LLP, Accura Spintex Private Limited | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
| Prafulkumar Naranbhai Bhalodia Also directs: Vivanta Spintex LLP, Accura Spintex Private Limited | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
| Siddharth Narendrabhai Kadivar Also directs: Vivanta Spintex LLP | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
| Kaushalkumar Kiritbhai Kadivar | Director | 30 Mar 2024 | 2 Years 6 Months | Current |
| Sunny Bharatbhai Vadaliya | Director | 20 Sep 2014 | 12 Years 1 Months | Current |
| Bhaveshbhai Shantilal Kanasagra Also directs: Vivanta Spintex LLP | Director | 02 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Verity Spintex Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Mahalaxmi Tex-Clothing Private Limited | ₹76.98 Cr (FY 2024) | -8.0% | Ichalkaranji, Maharashtra, India | |||
| Somnath Ginning Pressing Private Limited | ₹76.81 Cr (FY 2025) | -10.0% | Amreli, Gujarat, India | |||
| Aritex Industries Private Limited | ₹76.79 Cr (FY 2024) | 57.0% | Ludhiana, Punjab, India | |||
| Verity Spintex Private Limitedthis company | ₹76.75 Cr (FY 2025) | ₹1.13 Cr | 1.5% | -11.0% | 34 | Rajkot, Gujarat, India |
| HS Weavers Private Limited | ₹76.7 Cr (FY 2025) | 25.0% | Surat, Gujarat, India | |||
| Aklavya Industries Private Limited | ₹76.64 Cr (FY 2025) | 3.0% | Surat, Gujarat, India | |||
| Bajrang Processors Private Limited | ₹76.57 Cr (FY 2025) | 11.0% | Surat, Gujarat, India |
To see the full peer comparison of Verity Spintex Private Limited, buy the company report.
Auditor
Verity Spintex Private Limited is audited by H. JAMNADAS & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. JAMNADAS & CO. | FY 2023 | 104033W |
Shareholding
The shareholding of Verity Spintex 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 Verity Spintex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹83.1 Cr
Satisfied charges
₹16.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2025 | 101041668 | Sidbi | ₹7.5 Cr | Open | |
| 26 Dec 2022 | 100664944 | Axis Bank Limited | ₹9.9 Cr | Open | |
| 31 Aug 2018 | 100202701 | Axis Bank Limited | ₹65.53 Cr | Open | |
| 29 Aug 2018 | 100213015 | Others | ₹17.2 Lakh | Open | |
| 30 Oct 2015 | 10603512 | Others | ₹16.14 Cr | Satisfied |
To see the full charge records of Verity Spintex Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Verity Spintex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Verity Spintex Private Limited was last rated by Crisil on 18 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Dec 2020 |
To see the full credit ratings and regulatory alerts of Verity Spintex Private Limited, buy the company report.
MSME payment delays
Verity Spintex Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 5 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 (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| H Jamndas and Co | |||
| Dhruvin Enterprise | |||
| Creative Paper Tube | |||
| an individual supplier | |||
| Shyam Polytex Pvt Ltd |
To see the full MSME payment records of Verity Spintex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Verity Spintex Private Limited has a workforce of 34 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
34
Active EPFO establishments
1
Employee growth
3.03%
GST
Verity Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECV8991Q1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Verity Spintex Private Limited, buy the company report.
Recent activity
Verity Spintex Private Limited has 8 board changes on record since 2014: 6 appointments and 2 cessations. The latest: Kaushalkumar Kiritbhai Kadivar ceased to be Additional Director on 04 Sep 2024.
AGM
Verity Spintex Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 65.53 Cr registered on 31 Aug 2018 with Charge ID 100202701 was modified on 05 Jul 2025.
Filing
Verity Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Sidbi of Rs. 7.50 Cr registered on 22 Jan 2025 with Charge ID 101041668 was modified on 28 Jan 2025.
Charges
A charge with Sidbi amounted to Rs. 7.50 Cr with Charge ID 101041668 was registered on 22 Jan 2025.
Ceased
Kaushalkumar Kiritbhai Kadivar ceased to be Additional Director.
Ceased
Dhirajlal Gopaldas Kadivar ceased to be Director.
Appointed
Kaushalkumar Kiritbhai Kadivar was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 9.90 Cr with Charge ID 100664944 was registered on 26 Dec 2022.
Charges
A charge registered on 30 Oct 2015 via Charge ID 10603512 with Others was fully satisfied on 01 Oct 2018.
Charges
A charge with Axis Bank Limited amounted to Rs. 65.53 Cr with Charge ID 100202701 was registered on 31 Aug 2018.
Charges
A charge with Others amounted to Rs. 0.17 Cr with Charge ID 100213015 was registered on 29 Aug 2018.
8 earlier events are in the company report.
Frequently asked questions
Verity Spintex is an active private limited company based in Rajkot, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 September 2014 (12+ years old) and is registered under CIN U17122GJ2014PTC080661.
Verity Spintex has 6 current directors:
- Punitbhai Rameshbhai Bhalodiya - Director
- Prafulkumar Naranbhai Bhalodia - Director
- Siddharth Narendrabhai Kadivar - Director
- Kaushalkumar Kiritbhai Kadivar - Director
- Sunny Bharatbhai Vadaliya - Director
- Bhaveshbhai Shantilal Kanasagra - Director
The latest financial statements of Verity Spintex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Verity Spintex is 24AAECV8991Q1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Verity Spintex is U17122GJ2014PTC080661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verity Spintex was incorporated on 02 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Verity Spintex by revenue are Mahalaxmi Tex-Clothing Private Limited, Somnath Ginning Pressing Private Limited, Aritex Industries Private Limited, HS Weavers Private Limited, Aklavya Industries Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kaushalkumar Kiritbhai Kadivar ceased to be Additional Director on 04 Sep 2024. Dhirajlal Gopaldas Kadivar ceased to be Director on 30 Mar 2024. Kaushalkumar Kiritbhai Kadivar was appointed as Director on 30 Mar 2024. Verity Spintex has 8 board changes on record in total.
Yes, Verity Spintex is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-20-0003577).
Verity Spintex has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 5 micro and small suppliers. The latest return was filed on 19 Sep 2020.
Verity Spintex can be reached through the website verity-spintex-pvt-ltd.business.site. Its registered office is in Rajkot, Gujarat, India.
The registered office of Verity Spintex is at R. S. – 2752 Opp. Saurashtra Spc Kuvadva Wankaner Highway Village: Jiyan, A, Rajkot, Gujarat, India – 360023.