Sumeet Industries Limited logo

Sumeet Industries Limited

This company manufactures various polyester products, including yarn, chips, and texturized yarn, for export to multiple countries.
1988 | Surat, Gujarat (India) | Under Insolvency

Last Updated:

December 04, 2024
HomeCompanySumeet Industries Limited

Who are the key members and board of directors at Sumeet Industries?

Executive Team (3)

NameDesignationAppointment DateStatus
Sumeet Somani InManaging Director01-Jun-2004Current
Anilkumar Jain InCompany Secretary01-Jan-2008Current
Abhishek Prasad InCFO01-Apr-2017Current

Board Members(5)

NameDesignationAppointment DateStatus
Shankarlal Somani In Whole-Time Director 11-Mar-1991Current
Manojkumar Jain In Director 29-Jun-2017Current
Zeel Modi In Director 30-Nov-2018Current
Vikashkumar Chandaliya In Director 06-Jun-2020Current
Saurav Dugar In Director 28-Oct-2020Current

Financial Performance and Corporate Structure Insights of Sumeet Industries.

Sumeet Industries Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 58.56% increase. The company also saw a substantial improvement in profitability, with a 142.55% increase in profit. The company's net worth Soared by an impressive increase of 19.32%.

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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
58.56%
Revenue from Operations
55.70%
Total Assets
-4.23%
Profit or Loss
142.55%
Net Worth
19.32%
EBITDA
42.85%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹1,560.22 Cr

₹77.53 Cr

LenderAmountStatus

Others

Creation Date: 13 Jan 2017
₹68.23 CrOpen

Canara Bank

Creation Date: 26 Aug 2014
₹8.12 CrOpen

Bank Of Baroda

Creation Date: 17 Oct 2013
₹61.00 CrOpen

How Many Employees Work at Sumeet Industries?

Sumeet Industries has a workforce of 281 employees as of Apr 01, 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.

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Latest Updates, News, and FAQs on Sumeet Industries

Recent activity within the organization

  • Annual General Meeting

    Sumeet Industries Limited last Annual general meeting of members was held on 15 Sep 2022 as per latest MCA records.

    15 Sep 2022

  • Balance Sheet

    Sumeet Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ahmedabad.

    31 Mar 2022

  • Charges

    A charge with Others of Rs. 504.43 Cr registered on 09 Sep 2005 with Charge ID 90102753 was modified on 11 Jan 2022.

    11 Jan 2022

  • Charges

    A charge with Others of Rs. 504.43 Cr registered on 04 May 2004 with Charge ID 90099827 was modified on 11 Jan 2022.

    11 Jan 2022

  • Charges

    A charge registered on 02 Mar 2017 via Charge ID 100088279 with Others was fully satisfied on 05 Oct 2021.

    05 Oct 2021

  • Director Appointment

    Vikashkumar Kamalsingh Chandaliya was appointed as a Director was appointed as a Director on 06 Jun 2020 & has been associated with this company since 4 years 6 months .

    06 Jun 2020

Recent News, Updates & Announcement

  • news
    Sumeet Industries lenders ask initial bidder to raise offer.

    Sumeet has been classified as a nonperforming account NPA with banks for more than three years It owes lenders led by the Bank of Baroda BoB more than 900 crore including about 530 crore in principal Lenders expect to recover at least 47 of their principal dues by asking Gajera to better its offer.

    04 Sep 2023 Economic Times

Frequently asked questions

  • Sumeet Industries Limited was incorporated on 01 Aug 1988.

  • The authorized share capital of Sumeet Industries Limited is ₹ 175.00 Cr and paid-up capital is ₹ 133.64 Cr.

  • Currently 8 directors are associated with Sumeet Industries Limited.

    • Shankarlal Sitaram Somani
    • Sumeet Shankarlal Somani
    • Manojkumar Ganeshmal Jain
    • Zeel Sureshkumar Modi
    • Vikashkumar Kamalsingh Chandaliya
    • Saurav Santosh Dugar
    • Anilkumar Sumermalji Jain
    • Abhishek Mahendra Prasad
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sumeet Industries Limited is 504 Trividhchamrersopp Fire Station Ring Road India, Surat, Gujarat, 395002.

  • The corporate identification number (CIN) of Sumeet Industries Limited is L45200GJ1988PLC011049 and the company number is 011049 as per Ministry of Corporate Affairs (MCA).

  • Yes, Sumeet Industries Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SUMEETINDS.

  • The Official website of Sumeet Industries Limited is https://www.sumeetindustries.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Sumeet Industries Limited has risen by 58.56%.

  • As Per 2022 financial reports, 281 employees are currently employed by Sumeet Industries Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Sumeet Industries Limited has experienced an upsurge of 19.32%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Sumeet Industries Limited amount to ₹ 1,560.22 Cr.

  • The most recent Balance Sheet for Sumeet Industries Limited was filed with the ROC on 31 Mar 2022.

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