Innovative Textiles Limited

Textile company that produces cotton, yarn, fabric, and garments for all ages and genders.

1993 | Delhi (India) | Merged
Last Updated:

Innovative Textiles Profile

Key Indicators

  • Authorised Capital ₹ 55.35 Cr
  • Paid Up Capital ₹ 54.03 Cr
  • Company Age 31 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 533.14 Cr
  • Revenue Growth -10.70%
  • Profit Growth -404.37%
  • Ebitda -126.80%
  • Net Worth -28.99%
  • Total Assets -17.14%

About Innovative Textiles

Innovative Textiles Limited (ITL) is Amalgamated company established on 17 Sep 1993 with its office registered at Delhi, India and has been running since 31 Year, 8 Months with a paid up capital of 54.03 Cr. According to MCA records, 3 Directors and 1 Signatories are linked to this company as of 05 Mar 2025.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74899DL1993PLC055266

  • Company No.

    055266

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Sep 1993

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Manufacturing
Fashion and Textile

What products or services does Innovative Textiles Limited offer?

Innovative Textiles Limited offers a wide range of products and services, including Jersey & Knitted Fabric, Knitted Fabrics, Knitwear.

Company report

Innovative Textiles Limited

Explore comprehensive data for Innovative Textiles Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Innovative Textiles?

Executive Team (2)

NameDesignationAppointment DateStatus
Vydesh Ramkumar Country flag representing In Managing Director07-Oct-2022Current
Mahesh Kumar Country flag representing In CFO02-Apr-2019Current

Board Members (2)

NameDesignationAppointment DateStatus
Deepaksundaram Sundharam Country flag representing In Director 29-Sep-2022Current
Ramjee Aruna Country flag representing In Director 16-Jun-2023Current

Financial Performance of Innovative Textiles.

Innovative Textiles Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.7% decrease. The company also saw a substantial fall in profitability, with a 404.37% decrease in profit. The company's net worth observed a substantial decline by a decrease of 28.99%.

Innovative Textiles revenue growth over time
Innovative Textiles 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
-10.70%
Revenue from Operations
-10.69%
Total Assets
-17.14%
Profit or Loss
-404.37%
Net Worth
-28.99%
EBITDA
-126.80%

What is the Ownership and Shareholding Structure of Innovative Textiles?

In 2022, Innovative Textiles had a promoter holding of 5.28% and a public holding of 94.72%. 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

₹533.14 Cr

Charges Breakdown by Lending Institutions

  • Indian Overseas Bank : 269.14 Cr
  • Indian Overseas Bank (Lead Bank) : 249.88 Cr
  • State Bank Of India : 14.00 Cr
  • Others : 0.12 Cr

Latest Charge Details

DateLenderAmountStatus
22 Jun 2022Indian Overseas Bank₹1.20 MSatisfied
25 Nov 2021Indian Overseas Bank₹7.40 CrSatisfied
21 Dec 2020Indian Overseas Bank₹10.52 CrSatisfied
15 Jul 2017Others₹1.16 MSatisfied
02 Jan 2016Indian Overseas Bank₹58.42 CrSatisfied

How Many Employees Work at Innovative Textiles?

Innovative Textiles has a workforce of 225 employees as of Apr 07, 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 Innovative Textiles Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Innovative Textiles, 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 Innovative Textiles'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 Innovative Textiles

Recent activity within the organization

  • Annual General Meeting

    Innovative Textiles Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Innovative Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

  • Charges

    A charge registered on 22 Jun 2022 via Charge ID 100608919 with Indian Overseas Bank was fully satisfied on 03 Oct 2023.

  • Charges

    A charge registered on 25 Nov 2021 via Charge ID 100513218 with Indian Overseas Bank was fully satisfied on 03 Oct 2023.

  • Charges

    A charge registered on 21 Dec 2020 via Charge ID 100404039 with Indian Overseas Bank was fully satisfied on 03 Oct 2023.

  • Charges

    A charge registered on 02 Jan 2016 via Charge ID 10622538 with Indian Overseas Bank (Lead Bank) was fully satisfied on 03 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Innovative Textiles Limited?

    Innovative Textiles Limited was incorporated on 17 Sep 1993.

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

    The authorized share capital of Innovative Textiles Limited is ₹ 55.35 Cr and paid-up capital is ₹ 54.03 Cr.

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

    Currently 4 directors are associated with Innovative Textiles Limited.

    • Deepaksundaram Sundharam
    • Vydesh Ramkumar
    • Ramjee Aruna
    • Mahesh Kumar

  • What is the registered address of Innovative Textiles Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Innovative Textiles Limited is 81 Vigyan Vihar India, Delhi, 110092.

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

    The corporate identification number (CIN) of Innovative Textiles Limited is U74899DL1993PLC055266 and the company number is 055266 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Innovative Textiles Limited?

    The Official website of Innovative Textiles Limited is https://www.innovativetextile.co.in

  • What has been the recent revenue trend for Innovative Textiles Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Innovative Textiles Limited has fallen by -10.70%.

  • How many employees does Innovative Textiles Limited currently have?

    As Per 2023 financial reports, 225 employees are currently employed by Innovative Textiles Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Innovative Textiles Limited has experienced an downturn of -28.99%.

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

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

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