About Freeset Bags & Apparel Private Limited
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Freeset Bags & Apparel Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Freeset International Limited. It operates in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 29 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U18109WB1995PTC076231. Its GSTIN is 19AABCT7213N1ZZ (West Bengal).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹45.63 Lakh. It is led by directors Kerry Stephen Hilton and John Maxwell Mcmullan.
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 172 Ramesh Dutta Streetburtolla, Kolkata, West Bengal, India – 700006.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.92 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹1.11 Cr (net margin -38%) and EBITDA of -₹92.84 Lakh (EBITDA margin -31.8%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 21% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website freesetglobal.com.
Company details
CIN history
Freeset Bags & Apparel has one previous CIN (Corporate Identification Number): U72200WB1995PTC076231. The current CIN is U18109WB1995PTC076231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18109WB1995PTC076231 | Current |
| U72200WB1995PTC076231 | Previous |
Contact details
Freeset Bags & Apparel Private Limited's registered office is in Kolkata, West Bengal. Its website is freesetglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address172 Ramesh Dutta Streetburtolla, Kolkata, West Bengal, India – 700006
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
To see the full contact details of Freeset Bags & Apparel Private 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 Freeset Bags & Apparel 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 Freeset Bags & Apparel Private Limited, buy the company report.
Financials of Freeset Bags & Apparel Private Limited
FY 2025 filings availableFreeset Bags & Apparel Private Limited reported revenue of ₹2.92 Cr (down 40% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 40% fall in the latest year. EBITDA fell 28% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹92.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.11 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -31.8% | ||||
| Net Profit Margin | -38% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Freeset Bags & Apparel Private Limited, buy the company report.
Board of directors of Freeset Bags & Apparel Private Limited
Freeset Bags & Apparel has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kerry Stephen Hilton Also directs: Freeset Business Incubator Private Limited | Director | 27 Sep 2001 | 25 Years 1 Months | Current |
| John Maxwell Mcmullan Also directs: Freeset Business Incubator Private Limited | Director | 04 Jun 2019 | 7 Years 5 Months | Current |
Peer comparison
Freeset Bags & Apparel Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Apparel, Lifestyle and Accessories Manufacturers, Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gautam Apparels and Sourcing Private Limited | ₹2.92 Cr (FY 2019) | 21.0% | Ardee, Haryana, India | |||
| Parth Apparels Private Limited | ₹2.92 Cr (FY 2024) | 121.0% | Mumbai, Maharashtra, India | |||
| Freeset Bags & Apparel Private Limitedthis company | ₹2.92 Cr (FY 2024) | -₹1.11 Cr | -38% | -40.0% | 3 | Kolkata, West Bengal, India |
| Parishudh Nonwovens Private Limited | ₹2.92 Cr (FY 2025) | 224.0% | Jaipur, Rajasthan, India | |||
| Weavetex Technology and Services Private Limited | ₹2.92 Cr (FY 2025) | -30.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Freeset Bags & Apparel Private Limited, buy the company report.
Auditor
Freeset Bags & Apparel Private Limited is audited by H.K. DAVE & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.K. DAVE & ASSOCIATES | FY 2021 | 314216E |
Shareholding
The shareholding of Freeset Bags & Apparel Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Freeset Bags & Apparel Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Freeset Bags & Apparel Private 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 Freeset Bags & Apparel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Freeset Bags & Apparel Private Limited has a workforce of 3 employees on its EPFO records as of Oct 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 3 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Freeset Bags & Apparel Private Limited, buy the company report.
GST
Freeset Bags & Apparel has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCT7213N1ZZ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Freeset Bags & Apparel Private Limited, buy the company report.
Recent activity
Freeset Bags & Apparel Private Limited has 6 board changes on record since 2001: 2 appointments and 4 cessations. The latest: John Gordon Osborne ceased to be Director on 14 May 2020.
Frequently asked questions
Freeset Bags & Apparel is an active private limited company based in Kolkata, West Bengal, India. The company works in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 29 December 1995 (31+ years old) and is registered under CIN U18109WB1995PTC076231.
Freeset Bags & Apparel has 2 current directors:
- Kerry Stephen Hilton - Director
- John Maxwell Mcmullan - Director
The latest financial statements of Freeset Bags & Apparel 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 Freeset Bags & Apparel is 19AABCT7213N1ZZ, registered in West Bengal.
The CIN (Corporate Identification Number) of Freeset Bags & Apparel is U18109WB1995PTC076231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freeset Bags & Apparel was incorporated on 29 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Freeset Bags & Apparel by revenue are Gautam Apparels and Sourcing Private Limited, Parth Apparels Private Limited, Parishudh Nonwovens Private Limited, Weavetex Technology and Services Private Limited, all in the Consumer Products industry (Apparel, Lifestyle and Accessories Manufacturers, Textiles), with the same principal business activity (textile, leather and other apparel products).
John Gordon Osborne ceased to be Director on 14 May 2020. John Maxwell Mcmullan ceased to be Additional Director on 30 Sep 2019. John Maxwell Mcmullan was appointed as Director on 04 Jun 2019. Freeset Bags & Apparel has 6 board changes on record in total.
Freeset Bags & Apparel can be reached through the website freesetglobal.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Freeset Bags & Apparel is at 172 Ramesh Dutta Streetburtolla, Kolkata, West Bengal, India – 700006.
Freeset Bags & Apparel operates in the home and lifestyle industry, in the lifestyle products and accessories manufacturing segment.
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