Minaxi Textiles Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 4.94 Cr
- Company Age 29 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 65.07 Cr
- Satisfied Charges ₹ 7.50 Cr
- Revenue Growth -6.18%
- Profit Growth -290.59%
- Ebitda -886.33%
- Net Worth -51.38%
- Total Assets -10.06%
About Minaxi Textiles
Minaxi Textiles Ltd (MTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 March 1995 and has a history of 29 years and 11 months. Its registered office is in Gandhi Nagar, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531456.
The Company is engaged in the Manufacturing 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 7.00 Cr and a paid-up capital of Rs 4.94 Cr.
The company currently has active open charges totaling ₹65.07 Cr. The company has closed loans amounting to ₹7.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Minaxi Textiles Ltd India are Parind Patel as CFO and Priyanka Patel as Company Secretary. Bharatbhai Patel, Kiritkumar Patel, Dineshkumar Patel, and Five other members serve as directors at the Company.
Company Details
- Location
Gandhi Nagar, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L17119GJ1995PLC025007
- Company No.
025007
- Stock Symbol
BSE : 531456
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
14 Mar 1995
- Date of AGM
26 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
What products or services does Minaxi Textiles Ltd offer?
Minaxi Textiles Ltd offers a wide range of products and services, including Apparel Fabrics & Clothing Textiles, Satin Weave Fabrics, Cotton Textile, Stretch Fabric, Dyed Cotton Fabric, Home Decor Fabric, Home Decor & Furnishing Fabrics, Plain Weave.
Who are the key members and board of directors at Minaxi Textiles?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dineshkumar Patel  | Managing Director | 31-Jul-2008 | Current |
| Parind Patel | CFO | 14-Sep-2020 | Current |
| Priyanka Patel | Company Secretary | 01-Dec-2018 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bharatbhai Patel | Director | 25-Jul-2001 | Current |
| Kiritkumar Patel | Whole-Time Director | 31-Jan-2009 | Current |
| Snehalkumar Patel | Director | 14-Sep-2020 | Current |
| Sweta Patel | Director | 15-Nov-2019 | Current |
| Ravikumar Patel | Director | 12-Apr-2024 | Current |
| Sandip Madriya | Director | 12-Apr-2024 | Current |
Financial Performance of Minaxi Textiles.
Minaxi Textiles Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 6.18% decrease. The company also saw a substantial fall in profitability, with a 290.59% decrease in profit. The company's net worth observed a substantial decline by a decrease of 51.38%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Minaxi Textiles?
In 2022, Minaxi Textiles had a promoter holding of 37.67% and a public holding of 62.33%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vishal Finlease LimitedKiritkumar Patel is a mutual person
- Uma Buildroad Private Limited
Snehalkumar Patel is a mutual person
Charges (Loans)
₹65.07 Cr
₹7.50 Cr
Charges Breakdown by Lending Institutions
- Bank Of India : 42.35 Cr
- Axis Bank Limited : 22.72 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2017 | Bank Of India | ₹1.52 M | Open |
| 15 Sep 2016 | Axis Bank Limited | ₹22.72 Cr | Open |
| 23 Dec 2008 | Bank Of India | ₹21.10 Cr | Open |
| 28 Oct 1998 | Bank Of India | ₹21.10 Cr | Open |
| 11 Jul 2018 | Bank Of India | ₹1.00 Cr | Satisfied |
How Many Employees Work at Minaxi Textiles?
Minaxi Textiles has a workforce of 24 employees as of Apr 04, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Minaxi 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 Minaxi Textiles's trajectory.
Rating
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
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.
