Aakar Textiles Limited
About Aakar Textiles Limited
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Aakar Textiles Limited is a public limited company based in Avadi, Tamil Nadu, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 26 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65993TN2002PLC048511.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Global Securities Limited. It is led by directors including Vikramsingh Babusingh and Sivakumar Mannangatti.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.214 P.H.Road, Avadi, Tamil Nadu, India – 600054.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.3 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹4,110 (net margin 3.2%) and EBITDA of ₹6,851 (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Aakar Textiles has one previous CIN (Corporate Identification Number): L65993TN2002PLC048511. The current CIN is U65993TN2002PLC048511, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993TN2002PLC048511 | Current |
| L65993TN2002PLC048511 | Previous |
Contact details
Aakar Textiles Limited's registered office is in Avadi, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.214 P.H.Road, Avadi, Tamil Nadu, India – 600054
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Aakar Textiles Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Aakar Textiles is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Aakar Textiles Limited, buy the company report.
Financials of Aakar Textiles Limited
FY 2019 filings availableAakar Textiles Limited reported revenue of ₹1.3 Lakh (down 99% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over three years, including a 99% fall in the latest year. EBITDA fell 92% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.3 Lakh | ||||
| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹6,851 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4,110 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Aakar Textiles Limited, buy the company report.
Board of directors of Aakar Textiles Limited
Aakar Textiles has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikramsingh Babusingh | Director | 05 Mar 2019 | 7 Years 8 Months | Current |
| Sivakumar Mannangatti | Director | 05 Mar 2019 | 7 Years 8 Months | Current |
| Pawan Kumar Ramniwas Sharma | Director | 05 Mar 2019 | 7 Years 8 Months | Current |
Auditor
Aakar Textiles Limited is audited by SHANKARAN AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANKARAN AND ASSOCIATES | FY 2019 | 018927S |
Shareholding
The shareholding of Aakar Textiles Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aakar Textiles Limited, buy the company report.
Legal cases
No court or tribunal cases involving Aakar Textiles Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakar Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Aakar Textiles Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aakar Textiles Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Brij Gopal Acharya ceased to be Director on 06 Mar 2019.
7 earlier events are in the company report.
Frequently asked questions
Aakar Textiles is an active public limited company based in Avadi, Tamil Nadu, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 26 February 2002 (24+ years old) and is registered under CIN U65993TN2002PLC048511.
Aakar Textiles has 3 current directors:
- Vikramsingh Babusingh - Director
- Sivakumar Mannangatti - Director
- Pawan Kumar Ramniwas Sharma - Director
The latest financial statements of Aakar Textiles on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aakar Textiles is U65993TN2002PLC048511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aakar Textiles was incorporated on 26 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chennai.
Brij Gopal Acharya ceased to be Director on 06 Mar 2019. Mohamed Ismail ceased to be Director on 06 Mar 2019. Mohamed Sulaiman ceased to be Director on 06 Mar 2019. Aakar Textiles has 16 board changes on record in total.
The registered office of Aakar Textiles is at No.214 P.H.Road, Avadi, Tamil Nadu, India – 600054.
Aakar Textiles operates in the home and lifestyle industry, in the textile retail and distribution segment.
The compliance status of Aakar Textiles is compliant as of 29 August 2026. The company is actively filing with the Registrar of Companies.
Yes. Aakar Textiles was formerly known as Global Securities Limited.
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