Ankit Yarns Limited
About Ankit Yarns Limited
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Ankit Yarns Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 11 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17297MH1989PLC054572. Its GSTIN is 27AAACA3378C2ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.27 Cr. It was formerly known as Ankit Yarns P Limited. It is led by directors including Rachna Harish Bulchandani and Diwakar Sadhu Shetty.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 9 Industry House Plot No 4 Marwah Estate Andheri (E), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2021, the company reported a revenue of ₹16.13 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.27 Lakh (net margin 7.9%) and EBITDA of -₹4.1 Lakh (EBITDA margin -25.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹4.17 Cr and satisfied charges of ₹21.25 Lakh on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ankit Yarns Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address9 Industry House Plot No 4 Marwah Estate Andheri (E), Mumbai, Maharashtra, India – 400072
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Ankit Yarns 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 Ankit Yarns 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 |
Financials of Ankit Yarns Limited
FY 2025 filings availableAnkit Yarns Limited reported revenue of ₹16.13 Lakh (up 156% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 156% growth 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.13 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.27 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.4% | ||||
| Net Profit Margin | 7.9% | ||||
| 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 Ankit Yarns Limited, buy the company report.
Board of directors of Ankit Yarns Limited
Ankit Yarns has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachna Harish Bulchandani Also directs: Rama Synthetics Limited, Sterling Commercials Limited, Issuka Properties Private Limited and 5 more | Director | 18 Aug 2022 | 4 Years 2 Months | Current |
| Diwakar Sadhu Shetty Also directs: Rama Synthetics Limited, Sterling Commercials Limited, Vivilon Textile Industries Pvt Ltd and 5 more | Additional Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Suresh Danomal Hotwani Also directs: Rama Synthetics Limited, Sterling Commercials Limited, Mirind Trading Private Limited and 1 more | Additional Director | 01 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Ankit Yarns Limited is audited by P K KARWA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K KARWA & CO | FY 2021 | 132562W |
Shareholding
The shareholding of Ankit Yarns Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ankit Yarns Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 1995 | 90222565 | Bank of India | ₹2.6 Cr | Open | |
| 01 Aug 1994 | 90222365 | Bank of India | ₹15 Lakh | Open | |
| 13 Jul 1993 | 90220167 | Bank of India | ₹40.55 Lakh | Open | |
| 25 Feb 1992 | 90225846 | Bank of India | ₹60.9 Lakh | Open | |
| 02 Sep 1991 | 90225824 | Bank of India | ₹18 Lakh | Open |
To see the full charge records of Ankit Yarns Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Ankit Yarns Limited has 8 court cases on record: 2 filed by Ankit Yarns, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Chicago Pneumatic India Ltd., | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax 8, Mumbai | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by The Commissioner of Income Tax-8 | Disposed |
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Assistant Commissioner of Central Excise | Disposed |
To see the full case history of Ankit Yarns 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 Ankit Yarns Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ankit Yarns has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA3378C2ZY | Maharashtra | Active | 09 Jan 2019 |
To see the full GST registrations and return filing status of Ankit Yarns Limited, buy the company report.
Recent activity
Ankit Yarns Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Suresh Danomal Hotwani was appointed as Additional Director on 01 Dec 2022.
10 earlier events are in the company report.
Frequently asked questions
Ankit Yarns is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 11 December 1989 (37+ years old) and is registered under CIN U17297MH1989PLC054572.
Ankit Yarns has 3 current directors:
- Rachna Harish Bulchandani - Director
- Diwakar Sadhu Shetty - Additional Director
- Suresh Danomal Hotwani - Additional Director
The latest financial statements of Ankit Yarns on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ankit Yarns is 27AAACA3378C2ZY, registered in Maharashtra. 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 Ankit Yarns is U17297MH1989PLC054572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ankit Yarns has 8 court cases on record: 2 filed by the company and 6 filed against it. Most are in the district courts.
Ankit Yarns was incorporated on 11 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Suresh Danomal Hotwani was appointed as Additional Director on 01 Dec 2022. Mayank Anilkumar Gupta ceased to be Director on 26 Aug 2022. Rachna Harish Bulchandani was appointed as Director on 18 Aug 2022. Ankit Yarns has 8 board changes on record in total.
The registered office of Ankit Yarns is at 9 Industry House Plot No 4 Marwah Estate Andheri E, Mumbai, Maharashtra, India – 400072.
Ankit Yarns operates in the home and lifestyle industry, in the textile retail and distribution segment.