Tushar Texknit Private Limited
About Tushar Texknit Private Limited
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Tushar Texknit Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 06 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17120WB2010PTC152025. Its GSTIN is 19AADCT5537F1Z7 (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.99 Lakh. It is led by directors Kamal Kumar Saraff and Tushar Saraff.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 2nd Floor 8/1 Bal Mukund Macker Road, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2020, the company reported a revenue of ₹70.9 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.83 Lakh (net margin -6.8%) and EBITDA of ₹52,567 (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 58% over five years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tushar Texknit Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor 8/1 Bal Mukund Macker Road, Kolkata, West Bengal, India – 700007
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Tushar Texknit 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 Tushar Texknit Private Limited
FY 2023 filings availableTushar Texknit Private Limited reported revenue of ₹70.9 Lakh (up 686% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 686% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 58%. EBITDA fell 80% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹70.9 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52,567 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.83 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | -6.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Tushar Texknit Private Limited, buy the company report.
Board of directors of Tushar Texknit Private Limited
Tushar Texknit has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Kumar Saraff Also directs: SBB Exporters Pvt Ltd. | Director | 20 Aug 2010 | 16 Years 2 Months | Current |
| Tushar Saraff Also directs: SBB Exporters Pvt Ltd., Dholi Housing & Developers Private Limited | Director | 09 Jan 2024 | 2 Years 10 Months | Current |
Auditor
Tushar Texknit Private Limited is audited by JAIPURIA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIPURIA & ASSOCIATES | FY 2019 | 328865E |
Shareholding
The shareholding of Tushar Texknit Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Tushar Texknit Private Limited, buy the company report.
Legal cases
Tushar Texknit Private Limited has 1 court case on record: 1 filed by Tushar Texknit. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors. | Pending |
To see the full case history of Tushar Texknit 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 Tushar Texknit Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tushar Texknit has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCT5537F1Z7 | West Bengal | Active | 24 Aug 2017 |
To see the full GST registrations and return filing status of Tushar Texknit Private Limited, buy the company report.
Recent activity
Tushar Texknit Private Limited has 9 board changes on record since 2010: 2 appointments and 7 cessations. The latest: Tushar Saraff was appointed as Director on 09 Jan 2024.
Frequently asked questions
Tushar Texknit is an active private limited company based in Kolkata, West Bengal, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 06 August 2010 (16+ years old) and is registered under CIN U17120WB2010PTC152025.
Tushar Texknit has 2 current directors:
- Kamal Kumar Saraff - Director
- Tushar Saraff - Director
The latest financial statements of Tushar Texknit on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Tushar Texknit is 19AADCT5537F1Z7, registered in West Bengal.
The CIN (Corporate Identification Number) of Tushar Texknit is U17120WB2010PTC152025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tushar Texknit has 1 court case on record: 1 filed by the company. 1 is pending.
Tushar Texknit was incorporated on 06 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Kolkata.
Tushar Saraff was appointed as Director on 09 Jan 2024. Biplab Sen ceased to be Additional Director on 04 Aug 2014. Dilip Kumar Sen ceased to be Additional Director on 04 Aug 2014. Tushar Texknit has 9 board changes on record in total.
The registered office of Tushar Texknit is at 2nd Floor 81 Bal Mukund Macker Road, Kolkata, West Bengal, India – 700007.
Tushar Texknit operates in the home and lifestyle industry, in the textile retail and distribution segment.
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