Maharashtra State Textile Corporation Profile and Background Information

The Maharashtra State Textile Corporation has its roots in the 1960s, when the government of Maharashtra established it to promote and develop the textile industry in the state.

The corporation's initial focus was on spinning, weaving, and printing, with a goal of producing high-quality textiles.

The Maharashtra State Textile Corporation is headquartered in Mumbai, a city known for its textile industry, and has been instrumental in setting up textile mills and factories across the state.

The corporation has played a significant role in providing employment opportunities to thousands of people in the textile sector.

For more insights, see: National Textile Corporation

Maharashtra State Textile Corporation is a state government company with a rich history. It was incorporated on 06 September 1966.

The company's CIN/LLP IN is U17120MH1966SGC013568, and its registration number is 013568.

Maharashtra State Textile Corporation is a public limited company, classified as a company limited by shares. It has an authorized capital of ₹240.00 Cr and a paid-up capital of ₹236.16 Cr.

The company's listing status is unlisted, and its company status is active.

Worth a look: Tianshan Wool Textile

The Maharashtra State Textile Corporation has a well-defined leadership structure. Shrikrishna Baburao Pawar serves as the Managing Director, appointed on March 8, 2023.

The corporation's current directors include Gauri Rahul Mhaske, who has been a Director since December 28, 2017. Sanjay Bhayyaji Daine is also a Director, appointed on December 25, 2024.

The following directors are currently serving the corporation: NameDesignationShrikrishna Baburao PawarManaging DirectorGauri Rahul MhaskeDirectorSanjay Bhayyaji DaineDirectorChitra Ravindra BisenNominee Director

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The current directors of the organization are responsible for overseeing its operations and making key decisions. Shrikrishna Baburao Pawar is the Managing Director, appointed on 08 Mar 2023, and is still in this role.

Gauri Rahul Mhaske and Sanjay Bhayyaji Daine are also serving as directors, appointed on 28 Dec 2017 and 25 Dec 2024, respectively. Both are still current in their positions.

Chitra Ravindra Bisen is a Nominee Director, appointed on 01 Aug 2025, and is also still current.

The ownership and shareholding structure of a company can be a complex topic, but let's break it down simply.

In the case of Maharashtra State Textile Corporation, the promoter holding is a significant 100.00% as of 2022.

The company has a relatively simple shareholding structure, with no major shareholders outside of its promoter.

However, it's worth noting that the company has a subsidiary, which can be an important aspect of its overall ownership structure.

Here are some key lenders to the company:

The financial data of Maharashtra State Textile Corporation is a crucial aspect of understanding the company's overall performance.

The company experienced a significant growth in revenue, with a 25.18% increase in total revenue for the financial year ended 2022.

This growth in revenue is a positive sign for the company, indicating that it is expanding its business and generating more income.

However, the company's net worth dipped by a decrease of 3.84% during the same period.

This decrease in net worth is a concern, as it may indicate that the company is struggling to manage its finances effectively.

Despite this, the company saw a slight improvement in profitability, with a 1.93% increase in profit for the financial year ended 2022.

Here is a breakdown of the company's key metrics:

The company's total assets increased by 5.57% during the financial year ended 2022, indicating that it is expanding its operations and investing in new assets.

Sunil Mantri v is a significant case related to the Maharashtra State Textile Corporation. The case was filed in 1980.

The petitioner, Sunil Mantri, challenged the validity of the Maharashtra State Textile Corporation's order to acquire his land. The corporation had issued a notification under the Maharashtra Land Revenue Code, 1966.

The Supreme Court of India ruled in favor of the petitioner, stating that the corporation's order was not in accordance with the law. The court held that the corporation had failed to follow the proper procedure for acquisition of land.

The case led to a re-evaluation of the corporation's powers and procedures for land acquisition. It also highlighted the importance of following due process in such matters.

Broaden your view: Sunil Mittal