May 21, 2018 9:29 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Shantai Industries Limited

Company Overview

Shantai Industries Limited engages in manufacturing textiles in India. It also exports its products. The company was formerly known as Wheel and Axle Textiles Limited and changed its name to Shantai Industries Limited in August 2016. Shantai Industries Limited was incorporated in 1988 and is based in Surat, India.

820, Golden Point

Near Telephone Exchange

Begumpura

Falsawadi, Ring Road

Surat,  395003

India

Founded in 1988

8 Employees

Phone:

91 26 1245 5425

Key Executives for Shantai Industries Limited

MD, Compliance Officer & Executive Director
Age: 57
Total Annual Compensation: 280.0K
MD & Executive Director
Age: 60
Total Annual Compensation: 280.0K
Chief Financial Officer
Total Annual Compensation: 120.0K
Company Secretary
Total Annual Compensation: 30.0K
Compensation as of Fiscal Year 2017.

Shantai Industries Limited Key Developments

Shantai Industries Limited Appoints Omprakash Lakhvani as Additional Director

Shantai Industries Limited appointed Mr. Omprakash Lakhvani as additional director in category of Independent Director in its Board of Directors meeting held on March 31, 2018.

Shantai Industries Limited, Board Meeting, Mar 31, 2018

Shantai Industries Limited, Board Meeting, Mar 31, 2018. Agenda: TO consider the appointment of independent director of the company; to initiate appropriate legal action against Mr. Vijay Rochlani who is making irrelevant complaints against company before BSE and other authorities; and to consider any other business with the permission of the chairman.

Shantai Industries Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017

Shantai Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported net sales/income from operations of INR 119.456 million against INR 214.672 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1.441 million against INR 2.360 million a year ago. Profit from ordinary activities before tax was INR 1.212 million against INR 2.379 million a year ago. Net profit for the period was INR 0.837 million or INR 0.56 per basic and diluted share before and after extraordinary items (not annualized) against INR 1.594 million or INR 3.19 per basic and diluted share a year ago. For the nine months, the company reported net sales/income from operations of INR 518.798 million against INR 637.818 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5.414 million against INR 7.341 million a year ago. Profit from ordinary activities before tax was INR 5.106 million against INR 7.304 million a year ago. Net profit for the period was INR 3.444 million or INR 2.30 per basic and diluted share before and after extraordinary items (not annualized) against INR 4.894 million or INR 9.79 per basic and diluted share before and after extraordinary items (not annualized) a year ago.

Similar Private Companies By Industry

Company Name Region
A.S.K Apparels (P) Ltd Asia
Aarv Infratel Limited Asia
Ace Exports Limited Asia
ACPL Exports Pvt. Ltd. Asia
Aero Club Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Shantai Industries Limited, please visit www.shantaiindustrieslimited.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.