Solapur Textiles Cluster Limited

Textile trading company with online portal for various products.

2011 | Solapur, Maharashtra (India) | Active
Last Updated:

Solapur Textiles Cluster Profile

Key Indicators

  • Authorised Capital ₹ 1.75 Cr
  • Paid Up Capital ₹ 1.75 Cr
  • Company Age 13 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 0.70 M
  • Revenue Growth -23.30%
  • Profit Growth -33.52%
  • Ebitda -5083.32%
  • Net Worth -36.16%
  • Total Assets 0.09%

About Solapur Textiles Cluster

Solapur Textiles Cluster Limited (STCL) is a Public Limited Indian Non-Government Company incorporated in India on 24 October 2011 and has a history of 13 years and six months. Its registered office is in Solapur, Maharashtra, India.

The Company is engaged in the Home & Lifestyle 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 1.75 Cr and a paid-up capital of Rs 1.75 Cr.

The company has closed loans amounting to ₹0.70 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Rajayya Balla, Balaji Samlet, Dinesh Irabatti, and Two other members serve as directors at the Company.

Company Details

  • Location

    Solapur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17122PN2011PLC141179

  • Company No.

    141179

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 2011

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Home & Lifestyle
Company report

Solapur Textiles Cluster Limited

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

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

Board Members (5)

NameDesignationAppointment DateStatus
Dinesh Irabatti Country flag representing In Director 24-Oct-2011Current
Rajayya Balla Country flag representing In Director 24-Oct-2011Current
Balaji Samlet Country flag representing In Director 24-Oct-2011Current
Chandrayya Irabatii Country flag representing In Director 24-Oct-2011Current
Sudhir Irabatti Country flag representing In Additional Director 09-Dec-2023Current

Financial Performance of Solapur Textiles Cluster.

Solapur Textiles Cluster Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 23.3% decrease. The company also saw a substantial fall in profitability, with a 33.52% decrease in profit. The company's net worth observed a substantial decline by a decrease of 36.16%.

Solapur Textiles Cluster revenue growth over time
Solapur Textiles Cluster 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
-23.30%
Revenue from Operations
-22.79%
Total Assets
0.09%
Profit or Loss
-33.52%
Net Worth
-36.16%
EBITDA
-5083.32%

What is the Ownership and Shareholding Structure of Solapur Textiles Cluster?

In 2023, Solapur Textiles Cluster had a promoter holding of 25.85% and a public holding of 74.15%. 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

₹0.07 Cr

Charges Breakdown by Lending Institutions

  • Solapur Janata Sahakari Bank Limited : 0.07 Cr

Latest Charge Details

DateLenderAmountStatus
16 Sep 2015Solapur Janata Sahakari Bank Limited₹0.70 MSatisfied

How Many Employees Work at Solapur Textiles Cluster?

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

Employee growth trends for Solapur Textiles Cluster Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Director Appointment

    Sudhir Irabatti was appointed as a Additional Director was appointed as a Additional Director on 09 Dec 2023 & has been associated with this company since 1 year 5 months .

  • Annual General Meeting

    Solapur Textiles Cluster Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 16 Sep 2015 via Charge ID 10601413 with Solapur Janata Sahakari Bank Limited was fully satisfied on 22 Jun 2023.

  • Balance Sheet

    Solapur Textiles Cluster Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

  • Charges

    A charge with Solapur Janata Sahakari Bank Limited amounted to Rs. 0.07 Cr with Charge ID 10601413 was registered on 16 Sep 2015.

  • Director Appointment

    Rajayya Dubayya Balla was appointed as a Director was appointed as a Director on 24 Oct 2011 & has been associated with this company since 13 years 6 months .

Frequently asked questions

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

    Solapur Textiles Cluster Limited was incorporated on 24 Oct 2011.

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

    The authorized share capital of Solapur Textiles Cluster Limited is ₹ 1.75 Cr and paid-up capital is ₹ 1.75 Cr.

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

    Currently 5 directors are associated with Solapur Textiles Cluster Limited.

    • Rajayya Dubayya Balla
    • Balaji Balraj Samlet
    • Dinesh Chandrayya Irabatti
    • Chandrayya Mutayya Irabatii
    • Sudhir Irabatti

  • What is the registered address of Solapur Textiles Cluster Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Solapur Textiles Cluster Limited is C-24 M I D C Akkalkot Road India, Solapur, Maharashtra, 413006.

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

    The corporate identification number (CIN) of Solapur Textiles Cluster Limited is U17122PN2011PLC141179 and the company number is 141179 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Solapur Textiles Cluster Limited?

    The Official website of Solapur Textiles Cluster Limited is https://www.solapurtextiles.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Solapur Textiles Cluster Limited has fallen by -23.30%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Solapur Textiles Cluster Limited has experienced an downturn of -36.16%.

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

    The most recent Balance Sheet for Solapur Textiles Cluster Limited was filed with the ROC on 31 Mar 2023.

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