Glorious Yarns Private Limited
About Glorious Yarns Private Limited
Data last updated:
Glorious Yarns Private Limited was a private limited company based in Surat, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 November 1997.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17199GJ1997PTC033282. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹72.05 Lakh. It was led by directors Ashok Kumar Kejriwal and Binod Kumar Saraf.
Its last annual general meeting (AGM) was held on 27 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Plot – 65 1st Floor Subhash Nagar Society Ghod Dod Road Nr. Ram Chowk, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.81 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹3.76 Lakh (net margin 78.2%) and EBITDA of ₹4.33 Lakh (EBITDA margin 90%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.
Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.55 Cr; the latest was in January 2010. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Encore Textiles Private Limited with revenue of ₹4.84 Lakh.
Company details
Contact details
Glorious Yarns Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot – 65 1st Floor Subhash Nagar Society Ghod Dod Road Nr. Ram Chowk, Surat, Gujarat, India – 395001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Glorious Yarns 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
Financials of Glorious Yarns Private Limited
FY 2022 filings availableGlorious Yarns Private Limited reported revenue of ₹4.81 Lakh (down 3% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 3% fall in the latest year. EBITDA fell 58% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.81 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.76 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 90% | ||||
| Net Profit Margin | 78.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Glorious Yarns Private Limited, buy the company report.
Board of directors of Glorious Yarns Private Limited
Glorious Yarns 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 |
|---|---|---|---|---|
| Ashok Kumar Kejriwal Also directs: Mythic Tex Fab LLP, Kachholi Diamond LLP, Shanu Tex and Developers Private Limited and 5 more | Director | 15 Jun 2009 | 17 Years 4 Months | As last reported |
| Binod Kumar Saraf Also directs: Giant Infrastructure Private Limited, Lemon Developers Private Limited, Pankaj Enka Private Limited and 1 more | Director | 03 Jan 2020 | 6 Years 9 Months | As last reported |
Peer comparison
Glorious Yarns Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Encore Textiles Private Limited | ₹4.84 Lakh (FY 2023) | 75.0% | Delhi, India | |||
| Trump Textile Private Limited | ₹4.84 Lakh (FY 2024) | -3.0% | Mumbai, Maharashtra, India | |||
| Vinayak Embroideries Private Limited | ₹4.83 Lakh (FY 2024) | -68.0% | Kolkata, West Bengal, India | |||
| Navdeep Synthetics Pvt.Ltd. | ₹4.81 Lakh (FY 2025) | -98.0% | Mumbai, Maharashtra, India | |||
| Rejoice Pharma Private Limited | ₹4.81 Lakh (FY 2025) | -78.0% | Kolkata, West Bengal, India | |||
| Glorious Yarns Private Limitedthis company | ₹4.81 Lakh (FY 2022) | ₹3.76 Lakh | 78.2% | -3.0% | Surat, Gujarat, India | |
| R G Knitwear Private Limited | ₹4.81 Lakh (FY 2025) | -30.0% | Ludhiana, Punjab, India | |||
| V I P Textiles Mills Private Limited | ₹4.8 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Navyandhra Textiles Private Limited | ₹4.8 Lakh (FY 2022) | -14.0% | Nandigama, Andhra Pradesh, India | |||
| Triumph Garments Private Limited | ₹4.8 Lakh (FY 2025) | -84.0% | New Delhi, Delhi, India | |||
| Simaaya Ensembles Private Limited | ₹4.8 Lakh (FY 2024) | Kolkata, West Bengal, India |
To see the full peer comparison of Glorious Yarns Private Limited, buy the company report.
Auditor
Glorious Yarns Private Limited is audited by H TOSNIWAL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H TOSNIWAL & CO | FY 2021 | 111032W |
Shareholding
The shareholding of Glorious Yarns Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Glorious Yarns Private Limited, buy the company report.
Deals & funding
Glorious Yarns Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.55 Cr; the latest was in January 2010.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Brijlaxmi Leasing and Finance Limited |
| Apr 2008 | Funding round | ₹45 Lakh | Investors: Brijlaxmi Leasing and Finance Limited |
To see the full deal history of Glorious Yarns Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Glorious Yarns Private Limited has 2 court cases on record: 2 filed by Glorious Yarns. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company against an individual | Pending |
To see the full case history of Glorious Yarns 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Glorious Yarns Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Glorious Yarns has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Glorious Yarns Private Limited, buy the company report.
Recent activity
Glorious Yarns Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Binod Kumar Saraf was appointed as Director on 03 Jan 2020.
Frequently asked questions
Glorious Yarns has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Glorious Yarns was a private limited company based in Surat, Gujarat, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 10 November 1997 and is registered under CIN U17199GJ1997PTC033282. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Glorious Yarns was incorporated on 10 November 1997. It is registered with the Registrar of Companies, Ahmedabad.
Glorious Yarns had 2 directors:
- Ashok Kumar Kejriwal - Director
- Binod Kumar Saraf - Director
The CIN (Corporate Identification Number) of Glorious Yarns is U17199GJ1997PTC033282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Glorious Yarns is at Plot – 65 1st Floor Subhash Nagar Society Ghod Dod Road Nr. Ram Chowk, Surat, Gujarat, India – 395001.
The latest financial statements of Glorious Yarns on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 27 August 2022. Year-wise statements from 2015 are in the company report.
No. Glorious Yarns has 1 GST registration on record and it is cancelled or inactive.
Glorious Yarns operated in the manufacturing industry, in the textile and fabric production segment.
Glorious Yarns has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.55 Cr; the latest was in January 2010.
The peers of Glorious Yarns by revenue are Encore Textiles Private Limited, Trump Textile Private Limited, Vinayak Embroideries Private Limited, Navdeep Synthetics Pvt.Ltd, Rejoice Pharma Private Limited and 5 more, all in the Manufacturing industry (Textiles).