Akash Garments India Private Limited
About Akash Garments India Private Limited
Data last updated:
Akash Garments India Private Limited is a private limited company based in Delhi, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 02 June 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51311DL2000PTC106072. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Prabha Bansal and Harish Kumar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 2488/19 Iiird Floor Chaudhary Vidhya Nand Market Bahadurgarh Road Sadar Bazar, Delhi, India – 110006.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.7 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.79 Lakh (net margin 0.4%) and EBITDA of ₹12.12 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹90 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Akash Garments India Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2488/19 Iiird Floor Chaudhary Vidhya Nand Market Bahadurgarh Road Sadar Bazar, Delhi, India – 110006
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Akash Garments India 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 Akash Garments India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Akash Garments India Private Limited, buy the company report.
Financials of Akash Garments India Private Limited
FY 2020 filings availableAkash Garments India Private Limited reported revenue of ₹4.7 Cr (down 19% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 112% 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 | ₹4.7 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹12.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.79 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Akash Garments India Private Limited, buy the company report.
Board of directors of Akash Garments India Private Limited
Akash Garments India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabha Bansal | Director | 07 Jun 2013 | 13 Years 4 Months | Current |
| Harish Kumar | Director | 30 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Akash Garments India Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Om Texfab Private Limited | ₹4.72 Cr (FY 2025) | -25.0% | Ahmedabad, Gujarat, India | |||
| Akash Garments India Private Limitedthis company | ₹4.7 Cr (FY 2020) | ₹1.79 Lakh | 0.4% | -19.0% | Delhi, India | |
| Navyug Commercials Private Limited | ₹4.67 Cr (FY 2024) | 34.0% | Kolkata, West Bengal, India | |||
| Aduri Dresses Private Limited | ₹4.66 Cr (FY 2025) | -23.0% | Howrah, West Bengal, India |
To see the full peer comparison of Akash Garments India Private Limited, buy the company report.
Auditor
Akash Garments India Private Limited is audited by SHYAM GOEL & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHYAM GOEL & ASSOCIATES | FY 2020 | 011046N |
Shareholding
The shareholding of Akash Garments India Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Akash Garments India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2013 | 10454340 | Punjab National Bank | ₹90 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Akash Garments India Private Limited has 2 court cases on record: 1 filed by Akash Garments India, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by M/S HDFC Bank Ltd. | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Anr. | Disposed |
To see the full case history of Akash Garments India 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 Akash Garments India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akash Garments India 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 Akash Garments India Private Limited, buy the company report.
Recent activity
Akash Garments India Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Kamal Kumar ceased to be Director on 10 Jun 2013.
Frequently asked questions
Akash Garments India is an active private limited company based in Delhi, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 02 June 2000 (26+ years old) and is registered under CIN U51311DL2000PTC106072.
Akash Garments India has 2 current directors:
- Prabha Bansal - Director
- Harish Kumar - Director
The latest financial statements of Akash Garments India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Akash Garments India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Akash Garments India is U51311DL2000PTC106072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akash Garments India has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Akash Garments India was incorporated on 02 June 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Akash Garments India by revenue are Sai Om Texfab Private Limited, Navyug Commercials Private Limited, Aduri Dresses Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading).
Kamal Kumar ceased to be Director on 10 Jun 2013. Prabha Bansal was appointed as Director on 07 Jun 2013. Anil Kumar ceased to be Director on 31 Dec 2010. Akash Garments India has 7 board changes on record in total.
The registered office of Akash Garments India is at 248819 Iiird Floor Chaudhary Vidhya Nand Market Bahadurgarh Road Sadar Bazar, Delhi, India – 110006.
Akash Garments India operates in the fashion and textile industry, in the fashion retail segment.
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