About Wealth Avenue Textiles Private Limited
Data last updated:
Wealth Avenue Textiles Private Limited was a private limited company based in Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 16 June 2016.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U17299DL2016PTC301462. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1,000. It was led by directors Himanshu Verma and Hari Shankar Yadav.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 103 F/F Plot No. 15 103 Nipun Tower Karkardooma Community Center, Delhi, India – 110092.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.27 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net profit of ₹37,286 (net margin 11.4%) and EBITDA of -₹2.75 Lakh (EBITDA margin -84%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years.
The last known website on record is wealthgroup.in.
Company details
Contact details
Wealth Avenue Textiles Private Limited's registered office is in Delhi, Delhi. Its website is wealthgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address103 F/F Plot No. 15 103 Nipun Tower Karkardooma Community Center, Delhi, India – 110092
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Wealth Avenue Textiles 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 Wealth Avenue Textiles Private Limited
FY 2021 filings availableWealth Avenue Textiles Private Limited reported revenue of ₹3.27 Lakh (down 94% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over three years, including a 94% fall 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3.27 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.75 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹37,286 | |||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -84% | |||
| Net Profit Margin | 11.4% | |||
| 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 Wealth Avenue Textiles Private Limited, buy the company report.
Board of directors of Wealth Avenue Textiles Private Limited
Wealth Avenue Textiles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Verma Also directs: Ayaan Buildcon Private Limited, RSH Sharda Niwas Private Limited, Star Square Hospitality Private Limited and 2 more | Director | 16 Jun 2016 | 10 Years 4 Months | As last reported |
| Hari Shankar Yadav Also directs: Ansh Industries Private Limited, Ayaan Buildcon Private Limited, RSH Sharda Niwas Private Limited and 5 more | Director | 16 Jun 2016 | 10 Years 4 Months | As last reported |
Auditor
Wealth Avenue Textiles Private Limited is audited by KANIKA SHARMA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANIKA SHARMA & ASSOCIATES | FY 2019 | 026664N |
Shareholding
The shareholding of Wealth Avenue Textiles Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Wealth Avenue Textiles Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wealth Avenue Textiles 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 Wealth Avenue Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wealth Avenue Textiles 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 Wealth Avenue Textiles Private Limited, buy the company report.
Recent activity
Wealth Avenue Textiles Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Hari Shankar Yadav was appointed as Director on 16 Jun 2016.
Frequently asked questions
Wealth Avenue Textiles has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Wealth Avenue Textiles was a private limited company based in Delhi, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 16 June 2016 and is registered under CIN U17299DL2016PTC301462. The company has been struck off by the Registrar of Companies and is no longer operational.
Wealth Avenue Textiles had 2 directors:
- Himanshu Verma - Director
- Hari Shankar Yadav - Director
The CIN (Corporate Identification Number) of Wealth Avenue Textiles is U17299DL2016PTC301462. 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 Wealth Avenue Textiles is at 103 FF Plot No. 15 103 Nipun Tower Karkardooma Community Center, Delhi, India – 110092.
Wealth Avenue Textiles was incorporated on 16 June 2016. It is registered with the Registrar of Companies, Delhi.
Wealth Avenue Textiles can be reached through the website wealthgroup.in. Its registered office is in Delhi, India.
The latest financial statements of Wealth Avenue Textiles on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
No. Wealth Avenue Textiles has 1 GST registration on record and it is cancelled or inactive.
Wealth Avenue Textiles operated in the home and lifestyle industry, in the textile retail and distribution segment. It worked in this industry before it was struck off.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
