Cravatex Limited

A company that started as a chain of dyers and dry cleaners, now specializes in global retail, distribution, and sourcing of fitness equipment and sports apparel.

1951 | Mumbai, Maharashtra (India) | Active
Last Updated:

Cravatex Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 2.58 Cr
  • Company Age 73 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 225.33 Cr
  • Revenue Growth 19.29%
  • Profit Growth -718.49%
  • Ebitda -23.87%
  • Net Worth -66.18%
  • Total Assets -63.19%

About Cravatex

Cravatex Limited (CL) was founded in India on 22 June 1951 and has a glorious history of 73 years and nine months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 509472.

The Corporate was formerly known as The Bombay Power Laundry P Ltd. The Company is engaged in the Consumer Goods Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 2.58 Cr.

The company has closed loans amounting to ₹225.33 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Cravatex Limited India are Divakar Kamath as CFO and Sudhanshu Namdeo as Company Secretary. Rajesh Batra, Pheroza Bilimoria, Satyan Israni, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L93010MH1951PLC008546

  • Company No.

    008546

  • Stock Symbol

    BSE : 509472

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    22 Jun 1951

  • Date of AGM

    06 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Consumer Goods
Fashion and Textile

Who are the key members and board of directors at Cravatex?

Executive Team (3)

NameDesignationAppointment DateStatus
Rajesh Batra Country flag representing In Managing Director30-Nov-1981Current
Divakar Kamath Country flag representing In CFO26-Aug-2016Current
Sudhanshu Namdeo Country flag representing In Company Secretary15-Nov-2010Current

Board Members (4)

NameDesignationAppointment DateStatus
Satyan Israni Country flag representing In Director 24-Feb-2024Current
Pheroza Bilimoria Country flag representing In Director 16-Sep-2014Current
Rohan Batra Country flag representing In Director 01-Apr-2020Current
Nakul Toshniwal Country flag representing In Director 22-Feb-2024Current

Financial Performance of Cravatex.

Cravatex Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.29% increase. The company also saw a substantial fall in profitability, with a 718.49% decrease in profit. The company's net worth observed a substantial decline by a decrease of 66.18%.

Cravatex revenue growth over time
Cravatex profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
19.29%
Revenue from Operations
42.48%
Total Assets
-63.19%
Profit or Loss
-718.49%
Net Worth
-66.18%
EBITDA
-23.87%

What is the Ownership and Shareholding Structure of Cravatex?

In 2023, Cravatex had a promoter holding of 75.00% and a public holding of 25.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹225.33 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 142.83 Cr
  • Axis Bank Limited : 82.50 Cr

Latest Charge Details

DateLenderAmountStatus
21 Jun 2021Hdfc Bank Limited₹10.83 CrSatisfied
11 Dec 2017Hdfc Bank Limited₹4.00 CrSatisfied
02 Dec 2017Hdfc Bank Limited₹85.00 CrSatisfied
02 Dec 2017Hdfc Bank Limited₹4.00 CrSatisfied
19 Sep 2014Axis Bank Limited₹1.00 CrSatisfied

How Many Employees Work at Cravatex?

Cravatex has a workforce of 6 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Cravatex Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Cravatex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Cravatex's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Cravatex

Recent activity within the organization

  • Annual General Meeting

    Cravatex Limited last Annual general meeting of members was held on 06 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Cravatex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Satyan Shivkumar Israni was appointed as a Director was appointed as a Director on 24 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Nakul Toshniwal was appointed as a Director was appointed as a Director on 22 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge registered on 21 Jun 2021 via Charge ID 100457197 with Hdfc Bank Limited was fully satisfied on 29 Apr 2023.

  • Charges

    A charge registered on 02 Dec 2017 via Charge ID 100143387 with Hdfc Bank Limited was fully satisfied on 29 Apr 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Cravatex Limited?

    Cravatex Limited was incorporated on 22 Jun 1951.

  • What is authorized share capital and paid-up capital of Cravatex Limited?

    The authorized share capital of Cravatex Limited is ₹ 15.00 Cr and paid-up capital is ₹ 2.58 Cr.

  • Who are the current board members & directors of Cravatex Limited?

    Currently 8 directors are associated with Cravatex Limited.

    • Rajesh Kumar Batra
    • Pheroza Jimmy Bilimoria
    • Satyan Shivkumar Israni
    • Divakar Ganapati Kamath
    • Sudhanshu Namdeo
    • Divakar Ganapati Kamath
    • Rohan Kumar Batra
    • Nakul Toshniwal

  • What is the registered address of Cravatex Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Cravatex Limited is 1St Floor Godrej Bhavan 4A Home Street Charanjit Rai Marg, Fort India, Mumbai, Maharashtra, 400001.

  • What is the corporate identification number (CIN) and company number of Cravatex Limited?

    The corporate identification number (CIN) of Cravatex Limited is L93010MH1951PLC008546 and the company number is 008546 as per Ministry of Corporate Affairs (MCA).

  • Is Cravatex Limited registered with any stock exchange in India?

    Yes, Cravatex Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Cravatex Limited?

    The Official website of Cravatex Limited is https://www.cravatex.com

  • What has been the recent revenue trend for Cravatex Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Cravatex Limited has risen by 19.29%.

  • How many employees does Cravatex Limited currently have?

    As Per 2023 financial reports, 6 employees are currently employed by Cravatex Limited.

  • What change has been observed in the net worth of Cravatex Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Cravatex Limited has experienced an downturn of -66.18%.

  • When was the last Balance Sheet of Cravatex Limited filed with the ROC?

    The most recent Balance Sheet for Cravatex Limited was filed with the ROC on 31 Mar 2024.

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