Texel Industries Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 8.34 Cr
- Company Age 35 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 24.67 Cr
- Satisfied Charges ₹ 13.15 Cr
- Revenue Growth 8.97%
- Profit Growth -945.36%
- Ebitda -128.60%
- Net Worth -30.42%
- Total Assets 3.27%
About Texel Industries
Texel Industries Limited (TIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 02 August 1989 and has a history of 35 years and seven months. Its registered office is in Kheda, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526638.
The Corporate was formerly known as Texel Plastics Private 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 2023. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 8.34 Cr.
The company currently has active open charges totaling ₹24.67 Cr. The company has closed loans amounting to ₹13.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Texel Industries Limited India are Pallav Vasavada as CFO and Shubham Shah as Company Secretary. Kirit Mehta, Shaileshbhai Ramniklal, Naresh Ramniklal, and One other member serve as directors at the Company.
Company Details
- Location
Kheda, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L29100GJ1989PLC012576
- Company No.
012576
- Stock Symbol
BSE : 526638
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
02 Aug 1989
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
Manufacturing
What products or services does Texel Industries Limited offer?
Texel Industries Limited offers a wide range of products and services, including Geotextile, Geogrids & Pond Liners, Geomembranes, Fertilizers and Soil Additives, Organic Fertilizers and Manure, Plant Design & Installation Services, Industrial Equipment Installation, Water Resistant Membranes, Storage Tanks, Drums & Containers, Plastic Tank, Tents, Tarpaulins & PE Covers.
Who are the key members and board of directors at Texel Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shaileshbhai Ramniklal  | Managing Director | 02-Aug-1989 | Current |
| Pallav Vasavada | CFO | 12-Jan-2023 | Current |
| Shubham Shah | Company Secretary | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Naresh Ramniklal | Director | 02-Aug-1989 | Current |
| Kirit Mehta | Director | 20-Feb-1995 | Current |
| Jasmin Vhora | Director | 13-Feb-2015 | Current |
Financial Performance of Texel Industries.
Texel Industries Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.97% increase. The company also saw a substantial fall in profitability, with a 945.36% decrease in profit. The company's net worth observed a substantial decline by a decrease of 30.42%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Texel Industries?
In 2022, Texel Industries had a promoter holding of 41.81% and a public holding of 58.19%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The All India Plastics Manufactures AssociationShaileshbhai Ramniklal is a mutual person
Simpex Engineering (India) Private LimitedKirit Mehta is a mutual person
- Anjaneya Plastech Private Limited
Shaileshbhai Ramniklal is a mutual person
Charges (Loans)
Open Charges
₹24.67 Cr
Satisfied Charges
₹13.15 Cr
Charges Breakdown by Lending Institutions
- Others : 24.54 Cr
- Hdfc Bank Limited : 0.13 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Aug 2021 | Others | ₹3.04 Cr | Open |
| 18 Feb 2021 | Others | ₹21.50 Cr | Open |
| 05 Dec 2020 | Hdfc Bank Limited | ₹1.30 M | Open |
| 07 Dec 1995 | Union Bank Of India | ₹6.25 Cr | Satisfied |
| 06 Jun 1995 | Union Bank Of India | ₹2.00 Cr | Satisfied |
How Many Employees Work at Texel Industries?
Texel Industries has a workforce of 96 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Texel 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 Texel Industries'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.
Latest Updates, News, and FAQs on Texel Industries
Recent activity within the organization
- Annual General Meeting
Texel Industries Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
- Balance Sheet
Texel Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Director Appointment
Pallav Bharatkumar Vasavada was appointed as a Cfo was appointed as a Cfo on 12 Jan 2023 & has been associated with this company since 2 years 2 months .
- Charges
A charge with Others of Rs. 21.50 Cr registered on 18 Feb 2021 with Charge ID 100422966 was modified on 04 Apr 2022.
- Charges
A charge with Others amounted to Rs. 3.04 Cr with Charge ID 100475663 was registered on 13 Aug 2021.
- Charges
A charge with Others amounted to Rs. 21.50 Cr with Charge ID 100422966 was registered on 18 Feb 2021.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Texel Industries Limited?
Texel Industries Limited was incorporated on 02 Aug 1989.
What is authorized share capital and paid-up capital of Texel Industries Limited?
The authorized share capital of Texel Industries Limited is ₹ 20.00 Cr and paid-up capital is ₹ 8.34 Cr.
Who are the current board members & directors of Texel Industries Limited?
Currently 6 directors are associated with Texel Industries Limited.
- Kirit Narotamdas Mehta
- Shaileshbhai Mehta Ramniklal
- Naresh Mehta Ramniklal
- Jasmin Nahidakhtar Vhora
- Pallav Bharatkumar Vasavada
- Shubham Kiran Shah
What is the registered address of Texel Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Texel Industries Limited is Unit No. P-2 Prime Industrial And Logistics Hub, India, Matar, Gujarat, 387570.
What is the corporate identification number (CIN) and company number of Texel Industries Limited?
The corporate identification number (CIN) of Texel Industries Limited is L29100GJ1989PLC012576 and the company number is 012576 as per Ministry of Corporate Affairs (MCA).
Is Texel Industries Limited registered with any stock exchange in India?
Yes, Texel Industries Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Texel Industries Limited?
The Official website of Texel Industries Limited is https://www.geotexelin.com
What has been the recent revenue trend for Texel Industries Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Texel Industries Limited has risen by 8.97%.
How many employees does Texel Industries Limited currently have?
As Per 2023 financial reports, 96 employees are currently employed by Texel Industries Limited.
What change has been observed in the net worth of Texel Industries Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Texel Industries Limited has experienced an downturn of -30.42%.
What are the total open charges for Texel Industries Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Texel Industries Limited amount to ₹ 24.67 Cr.
When was the last Balance Sheet of Texel Industries Limited filed with the ROC?
The most recent Balance Sheet for Texel Industries Limited was filed with the ROC on 31 Mar 2023.
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