MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-13-0009809
Amartex Industries Limited - fashion and textile in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹103.92 Cr
▲ 7% YoY
Net profit · FY 2024
₹9.04 Cr
Net margin 8.7%
EBITDA · FY 2024
₹10.47 Cr
EBITDA margin 10.1%
Authorised capital
₹28.25 Cr
Registered with MCA
Paid-up capital
₹25.3 Cr
Issued & subscribed
Open charges
₹1.25 Cr
Satisfied ₹430.51 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
239
Provident fund records
About Amartex Industries Limited
Data last updated:
Amartex Industries Limited is a public limited company based in Chandigarh, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 27 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18110HR1988PLC138042. Its GSTIN is 06AABCA2243H1Z6 (Haryana). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹28.25 Cr and a paid-up capital of ₹25.3 Cr. It was formerly known as Amar Suiting Manufacturing Company Pvt Ltd. It is led by directors including Arun Grover (Managing Director) and Shivam Grover (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at House Number 1846 Sector 34D, Chandigarh, India – 160022.
As per the financials filed for FY 2024, the company reported a revenue of ₹103.92 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹9.04 Cr (net margin 8.7%) and EBITDA of ₹10.47 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 10% over five years.
The company has about 239 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.25 Cr and satisfied charges of ₹430.51 Cr on record. Court records list 253 cases involving the company, including 165 filed by the company and 89 filed against it; 39 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹14.75 Cr; the latest was in March 2013. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier.
Amartex Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-13-0009809). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website amartex.com.
Company details
CIN U18110HR1988PLC138042
Registration Number 007928
Incorporation Date 27 January 1988
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-13-0009809
CIN history
Amartex Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U18110HR1988PLC138042, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18110HR1988PLC138042 | Current |
| U18110CH1988PTC007928 | Previous |
| U18110CH1988PLC007928 | Previous |
Recognitions & Rankings of Amartex Industries
Contact details
Amartex Industries Limited's registered office is in Chandigarh, Chandigarh.
- Social Media
- Apps
- Registered AddressHouse Number 1846 Sector 34D, Chandigarh, India – 160022
- IndustryFashion and Textile, Designer & Branded Fashion
Comprehensive company report
Amartex Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Amartex Industries are trade and support service to organizations. In detail, this covers wholesale trading, retail trading and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Amartex Industries Limited, buy the company report.
Financials of Amartex Industries Limited
FY 2024 filings availableAmartex Industries Limited reported revenue of ₹103.92 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹103.92 Cr ▲ 7%
Net profit · FY 2024
₹9.04 Cr margin 8.7%
EBITDA · FY 2024
₹10.47 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 22%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 17%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 7% growth in the latest year. EBITDA rose 14% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹10.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.04 Cr | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 8.7% | ||||
| 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 Amartex Industries Limited, buy the company report.
Board of directors of Amartex Industries Limited
Amartex Industries has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Grover | Director | 19 Dec 2022 | 3 Years 10 Months | Current |
| Suresh Singh | Director | 22 Sep 2021 | 5 Years 1 Months | Current |
| Shivam Grover | Whole-Time Director | 28 Aug 2010 | 16 Years 2 Months | Current |
| Arun Grover | Managing Director | 27 Jan 1988 | 38 Years 9 Months | Current |
| Varun Grover | Director | 31 Dec 2019 | 6 Years 10 Months | Current |
Charges & borrowings
Open charges
₹1.25 Cr
Satisfied charges
₹430.51 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 May 2025 | 101103502 | Others | ₹45 Lakh | Open | |
| 19 Apr 2025 | 101087871 | Others | ₹15 Lakh | Open | |
| 07 Feb 2025 | 101050609 | Others | ₹30.19 Lakh | Open | |
| 30 Nov 2024 | 101041972 | Others | ₹20 Lakh | Open | |
| 18 May 2024 | 100942782 | Others | ₹15 Lakh | Open |
To see the full charge records of Amartex Industries Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Amartex Industries Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹14.75 Cr; the latest was in March 2013.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹14.75 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Alfa Fabrics Pvt Ltd , an individual |
| Jan 2013 | Funding round | ₹1.5 Cr | Investors: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: K V S International Private Limited Seller: KVS Apparels Private Limited |
| Jan 2010 | Funding round | ₹4 Cr | Investors: an individual |
| Mar 2006 | Funding round | ₹9.25 Cr | Investors: KVS Apparels Private Limited, Alfa Fabrics Pvt Ltd , an individual |
To see the full deal history of Amartex Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Amartex Industries Limited has 253 court cases on record: 165 filed by Amartex Industries, 89 filed against it. 39 cases are pending and 214 are disposed.
Total cases
253
Filed by the company
165
Filed against the company
89
Pending
39
Disposed
214
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 192 | 75 | 33 |
| High courts | 48 | 12 | 6 |
| Supreme Court | 12 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 253)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Civil suit | Filed against the company by Alfa Fabrics Private Ltd. | Pending |
| District court, Panchkula, Haryana | Civil suit | Filed against the company by Swift Securities Pvt Ltd | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, Panchkula, Haryana | Civil miscellaneous application | Filed against the company by an individual | Pending |
| District court, Panchkula, Haryana | Court case (CS37) | Filed by the company against an individual | Pending |
To see the full case history of Amartex Industries 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
Amartex Industries Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Monalisa Synthetics Private Limited |
To see the full MSME payment records of Amartex Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Amartex Industries has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCA2243H1Z6 | Haryana | Active | 01 Jul 2017 |
| 02AABCA2243H1ZE | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCA2243H1ZC | Punjab | Active | 01 Jul 2017 |
| 27AABCA2243H2Z1 | Maharashtra | Active | 02 Jan 2024 |
To see the full GST registrations and return filing status of Amartex Industries Limited, buy the company report.
Recent activity
Amartex Industries Limited has 16 board changes on record since 1988: 5 appointments and 11 cessations. The latest: Karan Grover was appointed as Director on 19 Dec 2022.
Charges
A charge with Others amounted to Rs. 0.45 Cr with Charge ID 101103502 was registered on 12 May 2025.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 101087871 was registered on 19 Apr 2025.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 101050609 was registered on 07 Feb 2025.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 101041972 was registered on 30 Nov 2024.
AGM
Amartex Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100942782 was registered on 18 May 2024.
Filing
Amartex Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge registered on 26 May 2020 via Charge ID 100354500 with Idbi Bank Limited was fully satisfied on 07 Jul 2023.
Charges
A charge registered on 30 Jul 2020 via Charge ID 100363792 with Idbi Bank Limited was fully satisfied on 25 May 2023.
Appointed
Karan Grover was appointed as Director.
Ceased
Suresh Singh ceased to be Additional Director.
Appointed
Suresh Singh was appointed as Director.
89 earlier events are in the company report.
Frequently asked questions
Amartex Industries is an active public limited company based in Chandigarh, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 27 January 1988 (38+ years old) and is registered under CIN U18110HR1988PLC138042.
Amartex Industries has 5 current directors:
- Arun Grover - Managing Director
- Shivam Grover - Whole-Time Director
- Karan Grover - Director
- Suresh Singh - Director
- Varun Grover - Director
The latest financial statements of Amartex Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Amartex Industries is 06AABCA2243H1Z6, registered in Haryana. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 02AABCA2243H1ZE (Himachal Pradesh), 03AABCA2243H1ZC (Punjab), 27AABCA2243H2Z1 (Maharashtra).
The CIN (Corporate Identification Number) of Amartex Industries is U18110HR1988PLC138042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amartex Industries has 253 court cases on record: 165 filed by the company and 89 filed against it. 39 are pending. Most are in the district courts.
Amartex Industries was incorporated on 27 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chandigarh.
Amartex Industries has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹14.75 Cr; the latest was in March 2013.
Karan Grover was appointed as Director on 19 Dec 2022. Suresh Singh ceased to be Additional Director on 29 Nov 2021. Suresh Singh was appointed as Director on 22 Sep 2021. Amartex Industries has 16 board changes on record in total.
Yes, Amartex Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-13-0009809).
Amartex Industries has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 29 Oct 2019.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages