Mohit Yarns Limited

Founded in 1993 and headquartered in Gujarat, India.

1993 | Surat, Gujarat (India) | Active
Last Updated:

Mohit Yarns Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.34 Cr
  • Company Age 32 Year, 27 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 51.70 Cr
  • Satisfied Charges ₹ 96.04 Cr
  • Revenue Growth 129079.75%
  • Profit Growth 25383.76%
  • Ebitda -111821.50%
  • Net Worth 135844.46%
  • Total Assets 135788.99%

About Mohit Yarns

Mohit Yarns Limited (MYL) is a Public Limited Indian Non-Government Company incorporated in India on 02 February 1993 and has a history of 32 years. Its registered office is in Surat, Gujarat, India.

The Corporate was formerly known as Mohit Yarns Private Limited. The Company is engaged in the Financial Services 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 2.00 Cr and a paid-up capital of Rs 1.34 Cr.

The company currently has active open charges totaling ₹51.70 Cr. The company has closed loans amounting to ₹96.04 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sonia Saboo, Mohit Saboo, and Ayushi Saboo serve as directors at the Company.

Company Details

  • Location

    Surat, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17119GJ1993PLC149520

  • Company No.

    302664

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Feb 1993

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Mohit Yarns?

Board Members (3)

NameDesignationAppointment DateStatus
Sonia Saboo Country flag representing In Director 15-Feb-2004Current
Mohit Saboo Country flag representing In Director 26-Dec-2016Current
Ayushi Saboo Country flag representing In Director 07-Sep-2014Current

Financial Performance of Mohit Yarns.

Mohit Yarns Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 129079.75% increase. The company also saw a substantial improvement in profitability, with a 25383.76% increase in profit. The company's net worth Soared by an impressive increase of 135844.46%.

Mohit Yarns revenue growth over time
Mohit Yarns 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
129079.75%
Revenue from Operations
179185.04%
Total Assets
135788.99%
Profit or Loss
25383.76%
Net Worth
135844.46%
EBITDA
-111821.50%

What is the Ownership and Shareholding Structure of Mohit Yarns?

In 2023, Mohit Yarns had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹51.70 Cr

Satisfied Charges

₹96.04 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 51.70 Cr

Latest Charge Details

DateLenderAmountStatus
16 Sep 2021Axis Bank Limited₹51.70 CrOpen
21 Apr 2012The South Indian Bank Limited₹57.61 CrSatisfied
23 Dec 2005State Bank Of Travancore₹37.43 CrSatisfied
17 Aug 1998Surat Mahila Nagrik Sahkari Bank Ltd.₹1.00 CrSatisfied

How Many Employees Work at Mohit Yarns?

Unlock and access historical data on people associated with Mohit Yarns, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Mohit Yarns Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mohit Yarns, 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 Mohit Yarns'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 Mohit Yarns

Recent activity within the organization

  • Annual General Meeting

    Mohit Yarns Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Mohit Yarns Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge with Axis Bank Limited of Rs. 51.70 Cr registered on 16 Sep 2021 with Charge ID 100488158 was modified on 28 Mar 2022.

  • Charges

    A charge registered on 21 Apr 2012 via Charge ID 10355218 with The South Indian Bank Limited was fully satisfied on 03 Dec 2021.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 51.70 Cr with Charge ID 100488158 was registered on 16 Sep 2021.

  • Charges

    A charge with The South Indian Bank Limited of Rs. 57.61 Cr registered on 21 Apr 2012 with Charge ID 10355218 was modified on 16 Aug 2019.

Frequently asked questions

  • What is the Incorporation or founding date of Mohit Yarns Limited?

    Mohit Yarns Limited was incorporated on 02 Feb 1993.

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

    The authorized share capital of Mohit Yarns Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.34 Cr.

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

    Currently 3 directors are associated with Mohit Yarns Limited.

    • Sonia Naresh Saboo
    • Mohit Narayan Saboo
    • Ayushi Manish Saboo
  • What is the registered address of Mohit Yarns Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mohit Yarns Limited is Office No. 908 9Th Floor Rajhans Montessa Magdalla Road Dumas, India, Surat, Gujarat, 395007.

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

    The corporate identification number (CIN) of Mohit Yarns Limited is U17119GJ1993PLC149520 and the company number is 302664 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Mohit Yarns Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mohit Yarns Limited has risen by 129079.75%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Mohit Yarns Limited has experienced an upsurge of 135844.46%.

  • What are the total open charges for Mohit Yarns Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mohit Yarns Limited amount to ₹ 51.70 Cr.

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

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

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