VHM Tex India Private Limited
About VHM Tex India Private Limited
Data last updated:
VHM Tex India Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17299KA2017PTC099295. Its GSTIN is 29AAFCV7694B1ZW (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sheetal Vinodkumar Jain (Managing Director) and Nikita Aitawade.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 467/A Nej, Belgaum, Karnataka, India – 591239.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹27.28 Lakh (net margin 1.7%) and EBITDA of ₹1.75 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 214% over three years and 143% over five years.
As per MCA filings, the company has open charges of ₹13 Cr on record. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Ekvira Cotex Private Limited with revenue of ₹16.49 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address467/A Nej, Belgaum, Karnataka, India – 591239
- IndustryManufacturing, Textile & Fabric Production
- 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
Business Activity of VHM Tex India Private Limited
The main business activity of VHM Tex India 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.
Financials of VHM Tex India Private Limited FY 2025 filings available
VHM Tex India Private Limited reported revenue of ₹16.44 Cr (up 512% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of VHM Tex India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 143% over five years, including 512% growth in the latest year. EBITDA rose 58% 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 VHM Tex India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.28 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 of VHM Tex India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 VHM Tex India are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of VHM Tex India Private Limited
VHM Tex India Private Limited 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 |
|---|---|---|---|---|---|---|
| Ekvira Cotex Private Limited | ₹16.49 Cr (FY 2025) | •••• | •••• | 106.0% | •••• | Dhule, Maharashtra, India |
| R PS Spinner India Private Limited | ₹16.46 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Coimbatore, Tamil Nadu, India |
| Elampillai A B Tex Private Limited | ₹16.45 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Salem, Tamil Nadu, India |
| Kankariya Impex Pvt Ltd | ₹16.45 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Ahmedabad, Gujarat, India |
| Cotmax Absorbent Cotton Private Limited | ₹16.44 Cr (FY 2025) | •••• | •••• | 514.0% | •••• | Kolkata, West Bengal, India |
| VHM Tex India Private Limited this company | ₹16.44 Cr (FY 2024) | •••• | •••• | 512.0% | •••• | Belgaum, Karnataka, India |
| Sri R.P. Mills India Private Limited | ₹16.42 Cr (FY 2024) | •••• | •••• | 916.0% | •••• | Tiruchengode, Tamil Nadu, India |
| Suvidha Fabrics (India) Private Limited | ₹16.41 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Kausheyam Natural Textiles Private Limited | ₹16.41 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Hyderabad, Telangana, India |
| High Performance Textiles Private Limited | ₹16.41 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Sonipat, Haryana, India |
| Deeps Texstyles Private Limited. | ₹16.4 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below VHM Tex India 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 VHM Tex India Private Limited
VHM Tex India Private Limited is audited by Rajendra Sanjeev & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rajendra Sanjeev & 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 VHM Tex India Private Limited
VHM Tex India has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikita Aitawade | Director | 08 Jun 2017 | 9 Years 4 Months | Current |
| Priyanka Mahaveer Vader | Director | 08 Jun 2017 | 9 Years 4 Months | Current |
| Sheela Wader | Director | 08 Jun 2017 | 9 Years 4 Months | Current |
| Saroj Baban Chougule | Director | 25 Mar 2021 | 5 Years 6 Months | Current |
| Jayapal Ravasab Suggannavar Also directs: Vijaydashmi Industries Private Limited | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
| Vinayak Suresh Deshapande Also directs: Vijaydashmi Industries Private Limited | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
Ownership and Shareholding of VHM Tex India Private 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 VHM Tex India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Aug 2022 | Others | ₹13 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of VHM Tex India Private Limited
VHM Tex India Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹99.1 Lakh | Investors: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at VHM Tex India Private Limited
Employment history and EPFO contributions of people linked to VHM Tex India.
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.
Recent Activity on VHM Tex India Private Limited
VHM Tex India Private Limited has 18 board changes on record since 2017: 7 appointments and 11 cessations. The latest: Jayapal Ravasab Suggannavar ceased to be Additional Director on 29 Sep 2023.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for VHM Tex India Private 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 VHM Tex India Private 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 VHM Tex India Private 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.
GST Compliance of VHM Tex India Private Limited
VHM Tex India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCV7694B1ZW | Karnataka | Active | 11 Jun 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.
MCA Filings & Documents of VHM Tex India Private 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.
Frequently Asked Questions about VHM Tex India Private Limited
VHM Tex India is an active private limited company based in Belgaum, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 January 2017 (9+ years old) and is registered under CIN U17299KA2017PTC099295.
VHM Tex India reported revenue of ₹16.44 Cr for FY 2024 (up 512% YoY).
VHM Tex India has 7 current directors:
- Sheetal Vinodkumar Jain - Managing Director
- Nikita Aitawade - Director
- Priyanka Mahaveer Vader - Director
- Sheela Wader - Director
- Saroj Baban Chougule - Director
- Jayapal Ravasab Suggannavar - Director
- Vinayak Suresh Deshapande - Director
VHM Tex India reported a net profit of ₹27.28 Lakh (net margin 1.7%) and EBITDA of ₹1.75 Cr (EBITDA margin 10.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of VHM Tex India is 214% over three years and 143% over five years. In the latest year (FY 2024) revenue rose 512%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of VHM Tex India is 29AAFCV7694B1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of VHM Tex India is U17299KA2017PTC099295. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VHM Tex India was incorporated on 19 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
VHM Tex India has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2021.
The peers of VHM Tex India by revenue are Ekvira Cotex Private Limited, R PS Spinner India Private Limited, Elampillai A B Tex Private Limited, Kankariya Impex Pvt Ltd, Cotmax Absorbent Cotton Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Jayapal Ravasab Suggannavar ceased to be Additional Director on 29 Sep 2023. Vinayak Suresh Deshapande ceased to be Additional Director on 29 Sep 2023. Jayapal Ravasab Suggannavar was appointed as Director on 01 Sep 2023. VHM Tex India has 18 board changes on record in total.