About Aquarelle India Private Limited
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Aquarelle India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Aquarelle International Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17299KA2007PTC062492. Its GSTIN is 29AAGCA1203Q2ZJ (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹102.5 Cr and a paid-up capital of ₹4.11 Cr. It was formerly known as Aquarelle Clothing India Private Limited. It is led by directors including Nagesh Krishna Badida Murali (Managing Director) and Shankar Raman Devanarayanan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 October 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹746.91 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹70.59 Cr (net margin 9.5%) and EBITDA of ₹154.51 Cr (EBITDA margin 20.7%).
The company has about 2,928 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: CIEL Textile. As per MCA filings, the company has open charges of ₹225 Cr and satisfied charges of ₹199.33 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cieltextile.com.
Company details
CIN history
Aquarelle India has one previous CIN (Corporate Identification Number): U17299MH2007PTC166957. The current CIN is U17299KA2007PTC062492, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17299KA2007PTC062492 | Current |
| U17299MH2007PTC166957 | Previous |
Contact details
Aquarelle India Private Limited's registered office is in Bangalore, Karnataka. Its website is cieltextile.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld.No 94 And 95 New No.113, Bull Temple Rd Basavanagudi, Bangalore, Karnataka, India – 560004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Aquarelle 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
Brands
Aquarelle India operates one associated brand: CIEL Textile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces woven shirts, fine knits, knitwear, and fabrics for global fashion brands. | cieltextile.com |
Business activity
The main business activity of Aquarelle India is manufacturing. In detail, this covers manufacture of textiles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles |
To see the full business activity and turnover split of Aquarelle India Private Limited, buy the company report.
Financials of Aquarelle India Private Limited
FY 2026 filings availableAquarelle India Private Limited reported revenue of ₹746.91 Cr (up 7% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year. EBITDA fell 12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹746.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹154.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹70.59 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.7% | ||||
| Net Profit Margin | 9.5% | ||||
| 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 Aquarelle India Private Limited, buy the company report.
Board of directors of Aquarelle India Private Limited
Aquarelle India has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Raman Devanarayanan | Whole-Time Director | 11 Sep 2023 | 3 Years 2 Months | Current |
| Nagesh Krishna Badida Murali | Managing Director | 29 Sep 2008 | 18 Years 1 Months | Current |
| Maneesh Patel Also directs: Laguna India Private Limited, Laguna Clothing Private Limited | Additional Director | 17 Dec 2024 | 1 Years 10 Months | Current |
| Eric Dorchies | Director | 15 Jan 2009 | 17 Years 9 Months | Current |
| Sathisha Also directs: Laguna India Private Limited | Whole-Time Director | 06 Jul 2015 | 11 Years 4 Months | Current |
Peer comparison
Aquarelle India Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (manufacture of textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aquarelle India Private Limitedthis company | ₹746.91 Cr (FY 2026) | ₹70.59 Cr | 9.5% | 7.0% | Bangalore, Karnataka, India | |
| Chiripal Textile Mills Private Limited | ₹607.74 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India | |||
| Lagnam Spintex Limited | ₹605.94 Cr (FY 2025) | 38.0% | Bhilwara, Rajasthan, India | |||
| Ahp Apparel Private Limited | ₹585.56 Cr (FY 2025) | 78.0% | New Delhi, Delhi, India | |||
| Creative Textile Mills Private Limited | ₹581.22 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Aquarelle India Private Limited, buy the company report.
Auditor
Aquarelle India Private Limited is audited by Deloitte Haskins & Sells for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2026 | 008072S |
Shareholding
The shareholding of Aquarelle India Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aquarelle India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2021 | 100466207 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 04 Nov 2019 | 100302751 | Others | ₹40 Cr | Open | |
| 28 Jan 2019 | 100238391 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 07 May 2013 | 10425587 | The Hongkong and Shanghai Banking Corporation Limited | ₹30 Cr | Open | |
| 02 Feb 2021 | 100412913 | Hdfc Bank Limited | ₹12 Cr | Satisfied |
To see the full charge records of Aquarelle India Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Aquarelle India Private Limited has 4 court cases on record: 3 filed by Aquarelle India, 1 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against M/S Icici Bank Ltd and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| High Court of Karnataka | Tax appeal | Filed by the company against The Deputy Commissioner of Income Tax | Disposed |
To see the full case history of Aquarelle 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
Aquarelle India Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,300 overdue payments to 120 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 120)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Power Solutions Inc | |||
| an individual supplier | |||
| an individual supplier | |||
| Smartstaff Staffing Services Private Limited |
To see the full MSME payment records of Aquarelle India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Aquarelle India has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCA1203Q2ZJ | Karnataka | Active | 01 Jul 2017 |
| 29AAGCA1203Q3ZI | Karnataka | Active | 13 Mar 2025 |
| 37AAGCA1203Q1ZN | Andhra Pradesh | Active | 17 May 2021 |
To see the full GST registrations and return filing status of Aquarelle India Private Limited, buy the company report.
Recent activity
Aquarelle India Private Limited has 16 board changes on record since 2008: 5 appointments and 11 cessations. The latest: Maneesh Patel was appointed as Additional Director on 17 Dec 2024.
37 earlier events are in the company report.
Frequently asked questions
Aquarelle India is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 January 2007 (19+ years old) and is registered under CIN U17299KA2007PTC062492.
Aquarelle India has 5 current directors:
- Nagesh Krishna Badida Murali - Managing Director
- Shankar Raman Devanarayanan - Whole-Time Director
- Sathisha - Whole-Time Director
- Maneesh Patel - Additional Director
- Eric Dorchies - Director
The latest financial statements of Aquarelle India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aquarelle India is 29AAGCA1203Q2ZJ, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAGCA1203Q3ZI (Karnataka), 37AAGCA1203Q1ZN (Andhra Pradesh).
The CIN (Corporate Identification Number) of Aquarelle India is U17299KA2007PTC062492. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aquarelle India has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Aquarelle India was incorporated on 11 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Aquarelle India by revenue are Chiripal Textile Mills Private Limited, Lagnam Spintex Limited, Ahp Apparel Private Limited, Creative Textile Mills Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (manufacture of textiles).
Maneesh Patel was appointed as Additional Director on 17 Dec 2024. Shankar Raman Devanarayanan was appointed as Whole-Time Director on 11 Sep 2023. Harold Mayer ceased to be Director on 23 Feb 2018. Aquarelle India has 16 board changes on record in total.
Aquarelle India has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,300 overdue payments to 120 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Aquarelle India can be reached through the website cieltextile.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Aquarelle India is at Old.No 94 And 95 New No.113, Bull Temple Rd Basavanagudi, Bangalore, Karnataka, India – 560004.
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