Fortune MNC 500 India 2026 edition
Rank#376- Total income
- ₹892 Cr
- Profit
- ₹90 Cr
Last year #344
Benetton India Private Limited - fashion and textile in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹780.74 Cr
▼ 11% YoY
Net loss · FY 2025
₹6.5 Cr
Net margin -0.8%
EBITDA · FY 2025
₹16.71 Cr
EBITDA margin 2.1%
Authorised capital
₹620 Cr
Registered with MCA
Paid-up capital
₹620 Cr
Issued & subscribed
Company age
34 yrs
Est. 1992
Employees · EPFO
341
Provident fund records
Directors on board
5
As per MCA filings
About Benetton India Private Limited
Data last updated:
Benetton India Private Limited is a foreign private limited company based in Gurgaon, Haryana, India, a subsidiary of Benetton Group S.R.L. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 18 September 1992 and has been in existence for over 34 years.
Benetton India is ranked #376 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899HR1992FTC035893. Its GSTIN is 07AAACD1013F1ZG (Delhi). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹620 Cr and a paid-up capital of ₹620 Cr. It is led by directors including Nikhil Mukund Upadhye (Managing Director) and Lars Nielsen (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.25 Block B Infocity Sector 34, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2025, the company reported a revenue of ₹780.74 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹6.5 Cr (net margin -0.8%) and EBITDA of ₹16.71 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over five years.
The company has about 341 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Benetton and Benetton Group. Court records list 54 cases involving the company, including 30 filed by the company and 26 filed against it; 11 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website benettongroup.com.
Company details
CIN U74899HR1992FTC035893
Registration Number 035893
Incorporation Date 18 September 1992
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Benetton Group S.R.L
Compliance Status Active Compliant
CIN history
Benetton India has one previous CIN (Corporate Identification Number): U74899HR1992PTC035893. The current CIN is U74899HR1992FTC035893, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899HR1992FTC035893 | Current |
| U74899HR1992PTC035893 | Previous |
Key People
Nikhil Mukund Upadhye Managing Director Lars Nielsen Whole-Time Director Francesco Del Balzo Additional Director Recognitions & Rankings of Benetton India
Contact details
Benetton India Private Limited's registered office is in Gurgaon, Haryana. Its website is benettongroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.25 Block B Infocity Sector 34, Gurgaon, Haryana, India – 122001
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Benetton India Private Limited, buy the company report.
Comprehensive company report
Benetton India Private Limited - one report that includes everything
- 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
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Brands
Benetton India operates two associated brands: Benetton and Benetton Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Internet first brand of fashion apparel wear for men and women | benetton.com | |
| Apparel manufacturing and branding are handled by Benetton Group. | benettongroup.com |
Business activity
The main business activity of Benetton India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Benetton India Private Limited, buy the company report.
Financials of Benetton India Private Limited
FY 2025 filings availableBenetton India Private Limited reported revenue of ₹780.74 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹780.74 Cr ▼ 11%
Net loss · FY 2025
₹6.5 Cr margin -0.8%
EBITDA · FY 2025
₹16.71 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 85%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 85% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹16.71 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹6.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | -0.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Benetton India Private Limited, buy the company report.
Board of directors of Benetton India Private Limited
Benetton India has 5 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Francesco Del Balzo | Additional Director | 22 Dec 2025 | 0 Years 10 Months | Current |
| Claudio Sforza | Additional Director | 22 Dec 2025 | 0 Years 10 Months | Current |
| Nikhil Mukund Upadhye | Managing Director | 14 Oct 2025 | 1 Years 0 Months | Current |
| Nicola Capone | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
| Lars Nielsen | Whole-Time Director | 28 Aug 2023 | 3 Years 1 Months | Current |
Auditor
Benetton India Private Limited is audited by NANGIA & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NANGIA & CO LLP | FY 2023 | 002391C |
Shareholding
The shareholding of Benetton India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Benetton India Private Limited, buy the company report.
Legal cases
Benetton India Private Limited has 54 court cases on record: 30 filed by Benetton India, 26 filed against it. 11 cases are pending and 43 are disposed.
Total cases
54
Filed by the company
30
Filed against the company
26
Pending
11
Disposed
43
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 19 | 7 |
| High courts | 16 | 7 | 4 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Appeal | Filed against the company by Official Liquidator of M/S Natural Textiles Private Limited(In Liqn) | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against M/S Style Mart Impex P Ltd and 1 other | Pending |
| District court, South East, Delhi | Civil suit | Filed by the company against H and S Enterprises Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against HG Retail Solutions Pvt Ltd and Ors | Pending |
| High Court, HARYANA | Appeal | Filed against the company by M/S Benetton India Pvt Ltd and 1 other | Disposed |
To see the full case history of Benetton India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Benetton India Private Limited was last rated by Crisil on 22 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Jun 2021 |
To see the full credit ratings and regulatory alerts of Benetton India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Benetton India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Benetton India Private Limited has a workforce of 341 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
341
Active EPFO establishments
2
Employee growth
-9.07%
GST
Benetton India has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
5
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACD1013F1ZG | Delhi | Active | 01 Jul 2017 |
| 19AAACD1013F1ZB | West Bengal | Active | 01 Jul 2017 |
| 23AAACD1013F2ZL | Madhya Pradesh | Active | 28 Nov 2017 |
| 32AAACD1013F2ZM | Kerala | Active | 01 Mar 2018 |
To see the full GST registrations and return filing status of Benetton India Private Limited, buy the company report.
Recent activity
Benetton India Private Limited has 46 board changes on record since 2003: 25 appointments and 21 cessations. The latest: Claudio Sforza was appointed as Additional Director on 22 Dec 2025.
Appointed
Claudio Sforza was appointed as Additional Director.
Appointed
Francesco Del Balzo was appointed as Additional Director.
Appointed
Nikhil Mukund Upadhye was appointed as Managing Director.
AGM
Benetton India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Benetton India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Appointed
Nicola Capone was appointed as Director.
Ceased
Ugo Giorcelli ceased to be Director.
Ceased
Giovanni Osvaldo Dandria ceased to be Director.
Appointed
Lars Nielsen was appointed as Whole-Time Director.
Ceased
Ramprasad Sridharan ceased to be Additional Director.
Ceased
Sundeep Kumar Chugh ceased to be Managing Director.
Appointed
Giovanni Osvaldo Dandria was appointed as Director.
37 earlier events are in the company report.
News
Frequently asked questions
Benetton India is an active foreign private limited company based in Gurgaon, Haryana, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 18 September 1992 (34+ years old) and is registered under CIN U74899HR1992FTC035893.
Benetton India has 5 current directors:
- Nikhil Mukund Upadhye - Managing Director
- Lars Nielsen - Whole-Time Director
- Francesco Del Balzo - Additional Director
- Claudio Sforza - Additional Director
- Nicola Capone - Director
The latest financial statements of Benetton India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Benetton India is 07AAACD1013F1ZG, registered in Delhi. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 19AAACD1013F1ZB (West Bengal), 23AAACD1013F2ZL (Madhya Pradesh), 32AAACD1013F2ZM (Kerala).
The CIN (Corporate Identification Number) of Benetton India is U74899HR1992FTC035893. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Benetton India has 54 court cases on record: 30 filed by the company and 26 filed against it. 11 are pending. Most are in the district courts.
Benetton India was incorporated on 18 September 1992, making it 34+ years old. It is registered with the Registrar of Companies, Delhi.
Claudio Sforza was appointed as Additional Director on 22 Dec 2025. Francesco Del Balzo was appointed as Additional Director on 22 Dec 2025. Nikhil Mukund Upadhye was appointed as Managing Director on 14 Oct 2025. Benetton India has 46 board changes on record in total.
Benetton India can be reached through the website benettongroup.com. Its registered office is in Gurgaon, Haryana, India.
The registered office of Benetton India is at Plot No.25 Block B Infocity Sector 34, Gurgaon, Haryana, India – 122001.