Sumeet Industries Limited

This company manufactures various polyester products, including yarn, chips, and texturized yarn, for export to multiple countries.

1988 | Surat, Gujarat (India) | Active
Last Updated:

Sumeet Industries Profile

Key Indicators

  • Authorised Capital ₹ 175.00 Cr
  • Paid Up Capital ₹ 161.64 Cr
  • Company Age 36 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,750.22 Cr
  • Satisfied Charges ₹ 77.53 Cr
  • Revenue Growth 58.56%
  • Profit Growth 142.55%
  • Ebitda 42.85%
  • Net Worth 19.32%
  • Total Assets -4.23%

About Sumeet Industries

Sumeet Industries Limited (SIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 August 1988 and has a history of 36 years and nine months. Its registered office is in Surat, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 514211 and on the National Stock Exchange(NSE) under SUMEETINDS.

The Corporate was formerly known as Sumeet Synthetics Limited. 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 2024. It's a company limited by shares with an authorized capital of Rs 175.00 Cr and a paid-up capital of Rs 161.64 Cr.

The company currently has active open charges totaling ₹1,750.22 Cr. The company has closed loans amounting to ₹77.53 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sumeet Industries Limited India are Anilkumar Jain as COMPANY SECRETARY and Abhishek Prasad as Cfo. Radheshyam Jaju, Pratik Jaju, Manojkumar Jain, and Three other members 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

    L45200GJ1988PLC011049

  • Company No.

    011049

  • Stock Symbol

    BSE : 514211 NSE : SUMEETINDS

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Aug 1988

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

What products or services does Sumeet Industries Limited offer?

Sumeet Industries Limited offers a wide range of products and services, including Yarns & Threads, Yarn, Analyzers & Analytical Instruments, Chromatography Column, Furnishing Yarns, Air Intakes, Exhaust Systems & Parts, Exhaust System & System Components.

Company report

Sumeet Industries Limited

Explore comprehensive data for Sumeet Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Pratik Jaju Country flag representing In Managing Director05-Aug-2024Current
Anilkumar Jain Country flag representing In Company Secretary01-Jan-2008Current
Abhishek Prasad Country flag representing In CFO01-Apr-2017Current

Board Members (5)

NameDesignationAppointment DateStatus
Radheshyam Jaju Country flag representing In Director 05-Aug-2024Current
Manojkumar Jain Country flag representing In Director 29-Jun-2017Current
Vikashkumar Chandaliya Country flag representing In Director 06-Jun-2020Current
Saurav Dugar Country flag representing In Director 28-Oct-2020Current
Ankita Shah Director 02-Sep-2024Current

Financial Performance 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%.

Sumeet Industries revenue growth over time
Sumeet Industries 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
58.56%
Revenue from Operations
55.70%
Total Assets
-4.23%
Profit or Loss
142.55%
Net Worth
19.32%
EBITDA
42.85%

What is the Ownership and Shareholding Structure of Sumeet Industries?

In 2021, Sumeet Industries had a promoter holding of 21.67% and a public holding of 78.32%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,750.22 Cr

Satisfied Charges

₹77.53 Cr

Charges Breakdown by Lending Institutions

  • Others : 1147.09 Cr
  • Bank Of Baroda : 405.87 Cr
  • Axis Bank Limited : 70.00 Cr
  • Kbc Bank Deutschland Ag : 68.24 Cr
  • Hdfc Bank Limited : 50.91 Cr
  • Others : 8.12 Cr

Latest Charge Details

DateLenderAmountStatus
12 Dec 2024Hdfc Bank Limited₹50.00 CrOpen
24 Oct 2024Axis Bank Limited₹70.00 CrOpen
26 Sep 2024Others₹70.00 CrOpen
13 Jan 2017Others₹68.23 CrOpen
26 Aug 2014Canara Bank₹8.12 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.

Employee growth trends for Sumeet Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sumeet Industries, 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 Sumeet Industries'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 Sumeet Industries

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 50.00 Cr with Charge ID 101017260 was registered on 12 Dec 2024.

  • Charges

    A charge with Others of Rs. 70.00 Cr registered on 26 Sep 2024 with Charge ID 100987871 was modified on 11 Dec 2024.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 70.00 Cr with Charge ID 101000111 was registered on 24 Oct 2024.

  • Annual General Meeting

    Sumeet Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100987871 was registered on 26 Sep 2024.

  • Director Appointment

    Ankita Siddharth Shah was appointed as a Director was appointed as a Director on 02 Sep 2024 & has been associated with this company since 8 months 22 days .

Recent News, Updates & Announcement

  • Sumeet Industries news update on market trends
    Sumeet Industries' lenders ask initial bidder to raise offer.

    Sumeet has been classified as a non-performing 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..

    Economic Times

Frequently asked questions

  • What is the Incorporation or founding date of Sumeet Industries Limited?

    Sumeet Industries Limited was incorporated on 01 Aug 1988.

  • What is authorized share capital and paid-up capital of Sumeet Industries Limited?

    The authorized share capital of Sumeet Industries Limited is ₹ 175.00 Cr and paid-up capital is ₹ 161.64 Cr.

  • Who are the current board members & directors of Sumeet Industries Limited?

    Currently 8 directors are associated with Sumeet Industries Limited.

    • Radheshyam Bhawarlal Jaju
    • Pratik Rajesh Jaju
    • Manojkumar Ganeshmal Jain
    • Vikashkumar Kamalsingh Chandaliya
    • Saurav Santosh Dugar
    • Ankita Siddharth Shah
    • Anilkumar Sumermalji Jain
    • Abhishek Mahendra Prasad

  • What is the registered address of Sumeet Industries Limited?

    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.

  • What is the corporate identification number (CIN) and company number of Sumeet Industries Limited?

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

  • Is Sumeet Industries Limited registered with any stock exchange in India?

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

  • What is the official website of Sumeet Industries Limited?

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

  • What has been the recent revenue trend for Sumeet Industries Limited?

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

  • How many employees does Sumeet Industries Limited currently have?

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

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

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

  • What are the total open charges for Sumeet Industries Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Sumeet Industries Limited amount to ₹ 1,750.22 Cr.

  • When was the last Balance Sheet of Sumeet Industries Limited filed with the ROC?

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

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