About Apple Lifestyle Industries Limited
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Apple Lifestyle Industries Limited is a public limited company based in Surat, Gujarat, India. It operates in the traditional and ethnic wear segment of the fashion and textiles sector. It was incorporated on 10 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2011PLC065850. Its GSTIN is 24AAJCA5477F1ZM (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.5 Cr. It was formerly known as Apple Sarees Private Limited. It is led by directors including Jignesh Mohanbhai Sheta and Dipakbhai Mohanbhai Sheta.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹309.07 Cr, a growth of 82% compared to the previous year. For the same year it recorded a net profit of ₹7.4 Cr (net margin 2.4%) and EBITDA of ₹14.49 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 104% over three years and 55% over five years.
The company is associated with 1 brand: Apple Lifestyle. As per MCA filings, the company has open charges of ₹18.81 Cr and satisfied charges of ₹16.46 Cr on record. Court records list 16 cases involving the company, including 12 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website applesaree.com.
Company details
CIN history
Apple Lifestyle Industries has one previous CIN (Corporate Identification Number): U17120GJ2011PTC065850. The current CIN is U17120GJ2011PLC065850, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120GJ2011PLC065850 | Current |
| U17120GJ2011PTC065850 | Previous |
Contact details
Apple Lifestyle Industries Limited's registered office is in Surat, Gujarat. Its website is applesaree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address5th Floor Shop No. 5021 5022 5023 5039 5040 Ashirwad Textile Market, Opp. Landmark Textile Market Magob, Surat, Gujarat, India – 395010
- IndustryFashion and Textile, Traditional & Ethnic Wear
To see the full contact details of Apple Lifestyle Industries 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
Brands
Apple Lifestyle Industries operates one associated brand: Apple Lifestyle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sarees are manufactured and sold online in India. | applesarees.com |
Business activity
The main business activity of Apple Lifestyle Industries 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 Apple Lifestyle Industries Limited, buy the company report.
Financials of Apple Lifestyle Industries Limited
FY 2024 filings availableApple Lifestyle Industries Limited reported revenue of ₹309.07 Cr (up 82% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years, including 82% growth in the latest year. EBITDA rose 43% 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 |
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| EBITDA | ₹14.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.4 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Apple Lifestyle Industries Limited, buy the company report.
Board of directors of Apple Lifestyle Industries Limited
Apple Lifestyle Industries has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Mohanbhai Sheta Also directs: Zillion Export Private Limited, Appshree Yarns Private Limited | Director | 10 Jun 2011 | 15 Years 4 Months | Current |
| Dipakbhai Mohanbhai Sheta Also directs: Pirapal Spintex Private Limited, Palnikaa Weaves Private Limited, Pirapal Private Limited and 2 more | Director | 20 Apr 2012 | 14 Years 6 Months | Current |
| Jignaben Jigneshbai Sheta | Director | 13 May 2013 | 13 Years 5 Months | Current |
Peer comparison
Apple Lifestyle Industries Limited is compared with the 9 companies closest to it by revenue in the Apparel industry (Ethnic Wear), 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 |
|---|---|---|---|---|---|---|
| Pranjul Fashion Private Limited | ₹484.72 Cr (FY 2025) | 16.0% | Pali, Rajasthan, India | |||
| Kayaan Prints Private Limited | ₹361.62 Cr (FY 2025) | 10.0% | Surat, Gujarat, India | |||
| Bella Casa Fashion & Retail Limited | ₹349.45 Cr (FY 2025) | 52.0% | Jaipur, Rajasthan, India | |||
| Karnataka Silk Industries Corporation Limited | ₹317.25 Cr (FY 2025) | 19.0% | Bangalore, Karnataka, India | |||
| Apple Lifestyle Industries Limitedthis company | ₹309.07 Cr (FY 2025) | ₹7.4 Cr | 2.4% | 82.0% | Surat, Gujarat, India | |
| Ebell Fashions Private Limited | ₹271.57 Cr (FY 2020) | 7.0% | Kolkata, West Bengal, India | |||
| N R Vandana Tex Industries Limited | ₹271.1 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Shree Balaji (Mala) Textiles Limited | ₹193.44 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Shree Mahakali Sarees Private Limited | ₹190.93 Cr (FY 2024) | 11.0% | Mumbai, Maharashtra, India | |||
| Pal Fashions Private Limited | ₹184.3 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Apple Lifestyle Industries Limited, buy the company report.
Auditor
Apple Lifestyle Industries Limited is audited by ITALIYA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ITALIYA & ASSOCIATES | FY 2023 | 134560W |
Shareholding
The shareholding of Apple Lifestyle Industries 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apple Lifestyle Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2025 | 101123762 | Others | ₹1 Cr | Open | |
| 13 Jun 2025 | 101123757 | Others | ₹1.28 Cr | Open | |
| 28 May 2025 | 101107720 | Others | ₹4.2 Cr | Open | |
| 04 Oct 2024 | 100984407 | Others | ₹3.65 Cr | Open | |
| 12 Oct 2021 | 100497567 | Others | ₹8.68 Cr | Open |
To see the full charge records of Apple Lifestyle Industries Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Apple Lifestyle Industries Limited has 16 court cases on record: 12 filed by Apple Lifestyle Industries, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 2 | 0 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2804-Mercantile Laws, Commercial Transactions Including Banking : Trade Marks/Copy Rights/Patents/Design Act) | Filed against the company by Apple Silk Mills Private Limited Through Its Director Shri Rohit Rameshkumar Jain Through Its Director Shri Rohit Rameshkumar Jain Y-1185/86, Surat Textile Market, Umarwada , District: Surat ,Surat , Gujarat | Disposed |
| High Court of Gujarat | Court case (AO) | Filed against the company by Apple Silk Mills Pvt. Ltd. | Disposed |
| District court, SURAT, Gujarat | Court case (TMSUIT) | Filed against the company by Apple Silk Mills Pvt.Ltd. | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Apple Silk Mills Pvt. Ltd. | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Apple Lifestyle 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
No delayed payments to MSME suppliers are on our record for Apple Lifestyle Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Apple Lifestyle Industries has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCA5477F1ZM | Gujarat | Active | 01 Jul 2017 |
| 24AAJCA5477F2ZL | Gujarat | Active | 23 Sep 2024 |
| 24AAJCA5477F3ZK | Gujarat | Active | 21 Jan 2025 |
| 24AAJCA5477F4ZJ | Gujarat | Active | 22 Apr 2025 |
To see the full GST registrations and return filing status of Apple Lifestyle Industries Limited, buy the company report.
Recent activity
Apple Lifestyle Industries Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Bhavnaben Dipakbhai Sheta ceased to be Director on 03 May 2022.
24 earlier events are in the company report.
Frequently asked questions
Apple Lifestyle Industries is an active public limited company based in Surat, Gujarat, India. The company works in traditional and ethnic wear, within the fashion and textile industry. It was incorporated on 10 June 2011 (15+ years old) and is registered under CIN U17120GJ2011PLC065850.
Apple Lifestyle Industries has 3 current directors:
- Jignesh Mohanbhai Sheta - Director
- Dipakbhai Mohanbhai Sheta - Director
- Jignaben Jigneshbai Sheta - Director
The latest financial statements of Apple Lifestyle 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 Apple Lifestyle Industries is 24AAJCA5477F1ZM, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24AAJCA5477F2ZL (Gujarat), 24AAJCA5477F3ZK (Gujarat), 24AAJCA5477F4ZJ (Gujarat).
The CIN (Corporate Identification Number) of Apple Lifestyle Industries is U17120GJ2011PLC065850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apple Lifestyle Industries has 16 court cases on record: 12 filed by the company and 4 filed against it. Most are in the district courts.
Apple Lifestyle Industries was incorporated on 10 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Apple Lifestyle Industries by revenue are Pranjul Fashion Private Limited, Kayaan Prints Private Limited, Bella Casa Fashion & Retail Limited, Karnataka Silk Industries Corporation Limited, Ebell Fashions Private Limited and 4 more, all in the Apparel industry (Ethnic Wear), with the same principal business activity (textile, leather and other apparel products).
Bhavnaben Dipakbhai Sheta ceased to be Director on 03 May 2022. Jignaben Jigneshbai Sheta was appointed as Director on 13 May 2013. Amitaben Sureshbhai Navadiya ceased to be Director on 01 Oct 2012. Apple Lifestyle Industries has 10 board changes on record in total.
Apple Lifestyle Industries can be reached through the website applesaree.com. Its registered office is in Surat, Gujarat, India.
The registered office of Apple Lifestyle Industries is at 5th Floor Shop No. 5021 5022 5023 5039 5040 Ashirwad Textile Market, Opp. Landmark Textile Market Magob, Surat, Gujarat, India – 395010.
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