MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-09-0002525
Vineet Sarees Private Limited - e-commerce in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹2.65 Cr
▼ 13% YoY
Net profit · FY 2019
₹2.22 Lakh
Net margin 0.8%
EBITDA · FY 2019
₹23.38 Lakh
EBITDA margin 8.8%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4.84 Lakh
Issued & subscribed
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Vineet Sarees Private Limited
Data last updated:
Vineet Sarees Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 04 April 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18109DL1996PTC077850. Its GSTIN is 07AAACV4339G1ZD (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.84 Lakh. It is led by directors Nirmal Kumar Chhajer (Managing Director) and Vineet Chhajer (Whole-Time Director).
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 L – 113 Lajpat Nagar – II, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.65 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.22 Lakh (net margin 0.8%) and EBITDA of ₹23.38 Lakh (EBITDA margin 8.8%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 64% over five years.
The company is associated with 1 brand: Vineet Sarees. Court records list 16 cases involving the company, including 2 filed by the company and 14 filed against it; 5 cases are pending.
Vineet Sarees Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-09-0002525). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vineetsarees.com.
Company details
CIN U18109DL1996PTC077850
Registration Number 077850
Incorporation Date 04 April 1996
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-09-0002525
Recognitions & Rankings of Vineet Sarees
Contact details
Vineet Sarees Private Limited's registered office is in New Delhi, Delhi. Its website is vineetsarees.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressL – 113 Lajpat Nagar – II, New Delhi, Delhi, India – 110024
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of Vineet Sarees Private Limited, buy the company report.
Comprehensive company report
Vineet Sarees 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
Vineet Sarees operates one associated brand: Vineet Sarees. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retailer of sarees | vineetsarees.com |
Business activity
The main business activity of Vineet Sarees 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 Vineet Sarees Private Limited, buy the company report.
Financials of Vineet Sarees Private Limited
FY 2019 filings availableVineet Sarees Private Limited reported revenue of ₹2.65 Cr (down 13% YoY) for FY 2019.
Revenue · FY 2019
₹2.65 Cr ▼ 13%
Net profit · FY 2019
₹2.22 Lakh margin 0.8%
EBITDA · FY 2019
₹23.38 Lakh margin 8.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 16%
5 years · compounded
▼ 64%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▼ 30%
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years, including a 13% fall in the latest year. EBITDA rose 9% 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 | ₹2.65 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.22 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Vineet Sarees Private Limited, buy the company report.
Board of directors of Vineet Sarees Private Limited
Vineet Sarees has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineet Chhajer | Whole-Time Director | 30 Sep 2005 | 21 Years 1 Months | Current |
| Nirmal Kumar Chhajer | Managing Director | 04 Apr 1996 | 30 Years 7 Months | Current |
Peer comparison
Vineet Sarees Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Sarees), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mac Duggal Private Limited | ₹2.66 Cr (FY 2025) | 101.0% | Gurgaon, Haryana, India | |||
| Lucknow Chikan Palace Private Limited | ₹2.66 Cr (FY 2025) | 1.0% | Uttar Pradesh, India | |||
| Vineet Sarees Private Limitedthis company | ₹2.65 Cr (FY 2019) | ₹2.22 Lakh | 0.8% | -13.0% | New Delhi, Delhi, India | |
| Kapco Fashion Avenue Private Limited | ₹2.65 Cr (FY 2025) | 7.0% | Chandigarh, India | |||
| Kimaya Fashions Private Limited | ₹2.65 Cr (FY 2019) | -61.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vineet Sarees Private Limited, buy the company report.
Auditor
Vineet Sarees Private Limited is audited by Jain Rajesh & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Rajesh & Associates | FY 2019 | FRN3290N |
Shareholding
The shareholding of Vineet Sarees 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vineet Sarees Private Limited, buy the company report.
Legal cases
Vineet Sarees Private Limited has 16 court cases on record: 2 filed by Vineet Sarees, 14 filed against it. 5 cases are pending and 11 are disposed.
Total cases
16
Filed by the company
2
Filed against the company
14
Pending
5
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 14 | 5 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Axis Bank Ltd. | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Dheeraj Hospital P Ltd. | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Clix Capital Services Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Arbitration matter | Filed by the company against Iifl Finance Limited and Ors. and 1 other | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Disposed |
To see the full case history of Vineet Sarees 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 Vineet Sarees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vineet Sarees has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACV4339G1ZD | Delhi | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Vineet Sarees Private Limited, buy the company report.
Recent activity
Vineet Sarees Private Limited has 4 board changes on record since 1996: 2 appointments and 2 cessations. The latest: Bimla Devi Chhajer ceased to be Director on 31 Dec 2020.
Ceased
Bimla Devi Chhajer ceased to be Director.
Ceased
Saroj Chhajer ceased to be Whole-Time Director.
AGM
Vineet Sarees Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Vineet Sarees Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Delhi I.
Appointed
Vineet Chhajer was appointed as Whole-Time Director.
Appointed
Nirmal Kumar Chhajer was appointed as Managing Director.
Incorporation
04 Apr 1996
Vineet Sarees Private Limited was registered on 04 Apr 1996 with Roc Delhi I & aged 30 years 7 months as per MCA records.
Frequently asked questions
Vineet Sarees is an active private limited company based in New Delhi, Delhi, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 04 April 1996 (30+ years old) and is registered under CIN U18109DL1996PTC077850.
Vineet Sarees has 2 current directors:
- Nirmal Kumar Chhajer - Managing Director
- Vineet Chhajer - Whole-Time Director
The latest financial statements of Vineet Sarees 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 GSTIN of Vineet Sarees is 07AAACV4339G1ZD, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vineet Sarees is U18109DL1996PTC077850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vineet Sarees has 16 court cases on record: 2 filed by the company and 14 filed against it. 5 are pending.
Vineet Sarees was incorporated on 04 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Vineet Sarees by revenue are Mac Duggal Private Limited, Lucknow Chikan Palace Private Limited, Kapco Fashion Avenue Private Limited, Kimaya Fashions Private Limited, all in the Apparel industry (Apparel Retail and Distribution, Sarees), with the same principal business activity (retail trading).
Bimla Devi Chhajer ceased to be Director on 31 Dec 2020. Saroj Chhajer ceased to be Whole-Time Director on 31 Dec 2020. Vineet Chhajer was appointed as Whole-Time Director on 30 Sep 2005. Vineet Sarees has 4 board changes on record in total.
Yes, Vineet Sarees is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-09-0002525).
Vineet Sarees can be reached through the website vineetsarees.com. Its registered office is in New Delhi, Delhi, India.
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