Jagannath Textile Company Limited

Manufactures cotton yarn and owns a knitted inner garment brand, outsources garment manufacturing and processing.

1987 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Jagannath Textile Company Profile

Key Indicators

  • Authorised Capital ₹ 60.00 Cr
  • Paid Up Capital ₹ 57.84 Cr
  • Company Age 38 Year, 13 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 47.36 Cr
  • Satisfied Charges ₹ 307.13 Cr
  • Revenue Growth -25.00%
  • Profit Growth -199.48%
  • Ebitda -99.49%
  • Net Worth -18.47%
  • Total Assets -22.29%

About Jagannath Textile Company

Jagannath Textile Company Limited (JTCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 May 1987 and has a history of 38 years. Its registered office is in Coimbatore, Tamil Nadu, India.

The Corporate was formerly known as Jagannath Textile Company Private Limited. The Company is engaged in the Fashion And Textile Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 60.00 Cr and a paid-up capital of Rs 57.84 Cr.

The company currently has active open charges totaling ₹47.36 Cr. The company has closed loans amounting to ₹307.13 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Jagannath Textile Company Limited India are Vjayanthi as CFO and Somasundaram Sivagurunathan as Company Secretary. Abhishek Tibrewal, Kangeyam Sreedharan, Gauri Tibrewal, and Three other members serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ1987PLC001965

  • Company No.

    001965

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 May 1987

  • Date of AGM

    30 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Fashion and Textile
Manufacturing

What products or services does Jagannath Textile Company Limited offer?

Jagannath Textile Company Limited offers a wide range of products and services, including Industrial Fabric, Leno Weave Fabric.

Company report

Jagannath Textile Company Limited

Explore comprehensive data for Jagannath Textile Company Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Jagannath Textile Company?

Executive Team (3)

NameDesignationAppointment DateStatus
Vjayanthi Country flag representing In CFO17-Sep-2014Current
Ramesh Tibrewal Country flag representing In Managing Director15-Sep-1989Current
Somasundaram Sivagurunathan Country flag representing In Company Secretary09-Feb-2017Current

Board Members (5)

NameDesignationAppointment DateStatus
Abhishek Tibrewal Country flag representing In Whole-Time Director 01-Oct-2015Current
Kangeyam Sreedharan Country flag representing In Director 22-Aug-2005Current
Gauri Tibrewal Country flag representing In Director 22-Aug-2005Current
Samanaidu Palanisamy Country flag representing In Director 22-Aug-2005Current
Kajal Tibrewal Country flag representing In Whole-Time Director 05-Apr-2019Current

Financial Performance of Jagannath Textile Company.

Jagannath Textile Company Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 25% decrease. The company also saw a substantial fall in profitability, with a 199.48% decrease in profit. The company's net worth observed a substantial decline by a decrease of 18.47%.

Jagannath Textile Company revenue growth over time
Jagannath Textile Company 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
-25.00%
Revenue from Operations
-31.20%
Total Assets
-22.29%
Profit or Loss
-199.48%
Net Worth
-18.47%
EBITDA
-99.49%

What is the Ownership and Shareholding Structure of Jagannath Textile Company?

In 2023, Jagannath Textile Company had a promoter holding of 92.50% and a public holding of 7.50%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹47.36 Cr

Satisfied Charges

₹307.13 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 47.36 Cr

Latest Charge Details

DateLenderAmountStatus
31 Mar 2022State Bank Of India₹47.36 CrOpen
02 Nov 2021State Bank Of India₹15.15 CrSatisfied
04 May 2020State Bank Of India₹4.75 CrSatisfied
12 Dec 2006State Bank Of Hyderabad₹3.20 CrSatisfied
29 Sep 2006State Bank Of Indore₹10.00 CrSatisfied

How Many Employees Work at Jagannath Textile Company?

Jagannath Textile Company has a workforce of 182 employees as of Mar 23, 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 Jagannath Textile Company Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Jagannath Textile Company, 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 Jagannath Textile Company'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 Jagannath Textile Company

Recent activity within the organization

  • Charges

    A charge with State Bank Of India of Rs. 47.36 Cr registered on 31 Mar 2022 with Charge ID 100561377 was modified on 23 May 2024.

  • Charges

    A charge registered on 18 Dec 2004 via Charge ID 90009300 with State Bank Of India was fully satisfied on 06 May 2024.

  • Annual General Meeting

    Jagannath Textile Company Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.

  • Balance Sheet

    Jagannath Textile Company Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with State Bank Of India of Rs. 27.58 Cr registered on 18 Dec 2004 with Charge ID 90009300 was modified on 29 Jun 2022.

  • Charges

    A charge registered on 02 Nov 2021 via Charge ID 100496749 with State Bank Of India was fully satisfied on 28 Apr 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Jagannath Textile Company Limited?

    Jagannath Textile Company Limited was incorporated on 11 May 1987.

  • What is authorized share capital and paid-up capital of Jagannath Textile Company Limited?

    The authorized share capital of Jagannath Textile Company Limited is ₹ 60.00 Cr and paid-up capital is ₹ 57.84 Cr.

  • Who are the current board members & directors of Jagannath Textile Company Limited?

    Currently 8 directors are associated with Jagannath Textile Company Limited.

    • VJayanthi
    • Abhishek Tibrewal
    • Kangeyam Nagesh Sreedharan
    • Gauri Shankar Tibrewal
    • Samanaidu Palanisamy
    • Ramesh Kumar Tibrewal
    • Kajal Tibrewal
    • Somasundaram Sivagurunathan

  • What is the registered address of Jagannath Textile Company Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Jagannath Textile Company Limited is Ramani Krishna Marvel Door No:140-141 2Nd 3Rd Floor D.B.Road, R S Puram India, Coimbatore, Tamil Nadu, 641002.

  • What is the corporate identification number (CIN) and company number of Jagannath Textile Company Limited?

    The corporate identification number (CIN) of Jagannath Textile Company Limited is U17111TZ1987PLC001965 and the company number is 001965 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Jagannath Textile Company Limited?

    The Official website of Jagannath Textile Company Limited is https://www.jtcl.in

  • What has been the recent revenue trend for Jagannath Textile Company Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Jagannath Textile Company Limited has fallen by -25.00%.

  • How many employees does Jagannath Textile Company Limited currently have?

    As Per 2023 financial reports, 182 employees are currently employed by Jagannath Textile Company Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Jagannath Textile Company Limited has experienced an downturn of -18.47%.

  • What are the total open charges for Jagannath Textile Company Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Jagannath Textile Company Limited amount to ₹ 47.36 Cr.

  • When was the last Balance Sheet of Jagannath Textile Company Limited filed with the ROC?

    The most recent Balance Sheet for Jagannath Textile Company Limited was filed with the ROC on 31 Mar 2023.

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