MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0003461
Akshay Apparels Private Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.53 Cr
▼ 50% YoY
Net profit · FY 2025
₹53,205
Net margin 0.3%
EBITDA · FY 2025
₹3.64 Lakh
EBITDA margin 2.4%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹1.25 Cr
Satisfied ₹63 Lakh
Company age
29 yrs
Est. 1997
Directors on board
2
As per MCA filings
About Akshay Apparels Private Limited
Data last updated:
Akshay Apparels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 28 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH1997PTC108305. Its GSTIN is 27AAACA8764A1ZV (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Atul Shivlal Desai and Akshay Desai Atul.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 23 Meeral D Ruparel Marg, Mumbai, Maharashtra, India – 400006.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.53 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹53,205 (net margin 0.3%) and EBITDA of ₹3.64 Lakh (EBITDA margin 2.4%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹1.25 Cr and satisfied charges of ₹63 Lakh on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
Akshay Apparels Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0003461). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akshaygarment.in.
Company details
CIN U18101MH1997PTC108305
Registration Number 108305
Incorporation Date 28 May 1997
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0003461
Recognitions & Rankings of Akshay Apparels
Contact details
Akshay Apparels Private Limited's registered office is in Mumbai, Maharashtra. Its website is akshaygarment.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23 Meeral D Ruparel Marg, Mumbai, Maharashtra, India – 400006
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Akshay Apparels Private Limited, buy the company report.
Comprehensive company report
Akshay Apparels 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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Business activity
The main business activity of Akshay Apparels is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Akshay Apparels Private Limited, buy the company report.
Financials of Akshay Apparels Private Limited
FY 2025 filings availableAkshay Apparels Private Limited reported revenue of ₹1.53 Cr (down 50% YoY) for FY 2025.
Revenue · FY 2025
₹1.53 Cr ▼ 50%
Net profit · FY 2025
₹53,205 margin 0.3%
EBITDA · FY 2025
₹3.64 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 4%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 4%
5 years · compounded
▲ 27%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 50% fall in the latest year. EBITDA fell 54% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53,205 | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Akshay Apparels Private Limited, buy the company report.
Board of directors of Akshay Apparels Private Limited
Akshay Apparels has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Shivlal Desai Also directs: Koka Agritech LLP | Director | 29 May 1997 | 29 Years 5 Months | Current |
| Akshay Desai Atul Also directs: Koka Agritech LLP, Next Foods India LLP | Director | 01 Apr 1998 | 28 Years 7 Months | Current |
Peer comparison
Akshay Apparels Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anshul Suitings Private Limited | ₹1.53 Cr (FY 2025) | -58.0% | Bhilwara, Rajasthan, India | |||
| Goldman Tapes Private Limited | ₹1.53 Cr (FY 2024) | 180.0% | Thane, Maharashtra, India | |||
| Finecot Textiles Coimbatore Private Limited | ₹1.53 Cr (FY 2025) | -31.0% | Coimbatore, Tamil Nadu, India | |||
| Bojaraj Textile Mills Limited | ₹1.53 Cr (FY 2025) | -95.0% | Theni, Tamil Nadu, India | |||
| Akshay Apparels Private Limitedthis company | ₹1.53 Cr (FY 2025) | ₹53,205 | 0.3% | -50.0% | Mumbai, Maharashtra, India | |
| Jasmansim Industries Private Limited | ₹1.52 Cr (FY 2021) | -86.0% | Ludhiana, Punjab, India | |||
| Rajshree Designer Fabric Private Limited | ₹1.52 Cr (FY 2022) | -68.0% | Mumbai, Maharashtra, India | |||
| M.A.C.S. Textiles Private Limited | ₹1.52 Cr (FY 2025) | Madurai, Tamil Nadu, India |
To see the full peer comparison of Akshay Apparels Private Limited, buy the company report.
Auditor
Akshay Apparels Private Limited is audited by THACKER BUTALA DESAI ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THACKER BUTALA DESAI ASSOCIATES | FY 2023 | 110864W |
Shareholding
The shareholding of Akshay Apparels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akshay Apparels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.25 Cr
Satisfied charges
₹63 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2016 | 10626290 | Hdfc Bank Limited | ₹1.25 Cr | Open | |
| 10 Aug 2007 | 10097962 | Union Bank of India | ₹43 Lakh | Satisfied | |
| 27 Aug 1999 | 90243433 | Canara Bank | ₹20 Lakh | Satisfied |
To see the full charge records of Akshay Apparels Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Akshay Apparels Private Limited has 4 court cases on record: 1 filed by Akshay Apparels, 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI BAIL APPLN) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against Nivea Enterprises and 1 Ors and 1 other | Disposed |
To see the full case history of Akshay Apparels 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
Akshay Apparels Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 8 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Disha Clothings Private Limited | |||
| Orient Esta Commodities |
To see the full MSME payment records of Akshay Apparels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Akshay Apparels Private Limited has 1 active EPFO establishment as of Apr 03, 2024.
Active EPFO establishments
1
GST
Akshay Apparels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA8764A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akshay Apparels Private Limited, buy the company report.
Recent activity
Akshay Apparels Private Limited has 3 board changes on record since 1997: 2 appointments and 1 cessation. The latest: Sureshkumar Harivallabhji Bisani ceased to be Director on 12 Feb 2022.
AGM
Akshay Apparels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Akshay Apparels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Sureshkumar Harivallabhji Bisani ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 125.00 Lakh registered on 18 Jan 2016 with Charge ID 10626290 was modified on 27 Aug 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 125.00 Lakh with Charge ID 10626290 was registered on 18 Jan 2016.
Charges
A charge registered on 10 Aug 2007 via Charge ID 10097962 with Union Bank Of India was fully satisfied on 04 Jan 2016.
Charges
A charge with Union Bank Of India amounted to Rs. 43.00 Lakh with Charge ID 10097962 was registered on 10 Aug 2007.
Charges
A charge registered on 27 Aug 1999 via Charge ID 90243433 with Canara Bank was fully satisfied on 12 May 2004.
Charges
A charge with Canara Bank amounted to Rs. 20.00 Lakh with Charge ID 90243433 was registered on 27 Aug 1999.
Appointed
Akshay Desai Atul was appointed as Director.
Appointed
Atul Shivlal Desai was appointed as Director.
Incorporation
28 May 1997
Akshay Apparels Private Limited was registered on 28 May 1997 with Roc Mumbai I & aged 29 years 5 months as per MCA records.
Frequently asked questions
Akshay Apparels is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 28 May 1997 (29+ years old) and is registered under CIN U18101MH1997PTC108305.
Akshay Apparels has 2 current directors:
- Atul Shivlal Desai - Director
- Akshay Desai Atul - Director
The latest financial statements of Akshay Apparels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Akshay Apparels is 27AAACA8764A1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Akshay Apparels is U18101MH1997PTC108305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshay Apparels has 4 court cases on record: 1 filed by the company and 3 filed against it.
Akshay Apparels was incorporated on 28 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Akshay Apparels by revenue are Anshul Suitings Private Limited, Goldman Tapes Private Limited, Finecot Textiles Coimbatore Private Limited, Bojaraj Textile Mills Limited, Jasmansim Industries Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sureshkumar Harivallabhji Bisani ceased to be Director on 12 Feb 2022. Akshay Desai Atul was appointed as Director on 01 Apr 1998. Atul Shivlal Desai was appointed as Director on 29 May 1997.
Yes, Akshay Apparels is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0003461).
Akshay Apparels has 2 MSME Form 1 returns on record between 2018 and 2019, listing 8 overdue payments to 8 micro and small suppliers. The latest return was filed on 01 Jul 2019.
Akshay Apparels can be reached through the website akshaygarment.in. Its registered office is in Mumbai, Maharashtra, India.
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