MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-PB-12-0067990
Aspal Knits (India) Private Limited
Aspal Knits (India) Private Limited - manufacturing in Barnala, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹59.48 Lakh
▼ 92% YoY
Net profit · FY 2024
₹41,139
Net margin 0.7%
EBITDA · FY 2024
₹38.28 Lakh
EBITDA margin 64.4%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹2.72 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Aspal Knits (India) Private Limited
Data last updated:
Aspal Knits (India) Private Limited is a private limited company based in Barnala, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 05 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18209PB2021PTC053988. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Avinash Gupta and Suresh Kumar.
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 1st Floor B001 – 00686 Behind Aggarwal Dharmshala Handiaya Bazar Durga Mandir Street, Barnala, Punjab, India – 148101.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.48 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net profit of ₹41,139 (net margin 0.7%) and EBITDA of ₹38.28 Lakh (EBITDA margin 64.4%).
As per MCA filings, the company has open charges of ₹2.72 Cr on record.
Aspal Knits (India) Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0067990).
Company details
CIN U18209PB2021PTC053988
Registration Number 053988
Incorporation Date 05 August 2021
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-PB-12-0067990
Key People
Avinash Gupta Director Suresh Kumar Director Recognitions & Rankings of Aspal Knits (India)
Contact details
Aspal Knits (India) Private Limited's registered office is in Barnala, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor B001 – 00686 Behind Aggarwal Dharmshala Handiaya Bazar Durga Mandir Street, Barnala, Punjab, India – 148101
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Aspal Knits (India) Private Limited, buy the company report.
Comprehensive company report
Aspal Knits (India) 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 Aspal Knits (India) 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 Aspal Knits (India) Private Limited, buy the company report.
Financials of Aspal Knits (India) Private Limited
FY 2024 filings availableAspal Knits (India) Private Limited reported revenue of ₹59.48 Lakh (down 92% YoY) for FY 2024.
Revenue · FY 2024
₹59.48 Lakh ▼ 92%
Net profit · FY 2024
₹41,139 margin 0.7%
EBITDA · FY 2024
₹38.28 Lakh margin 64.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 92%
EBITDA CAGR growth
1 year
▲ 45%
Revenue fell 92% in the latest year. EBITDA rose 45% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹38.28 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹41,139 | ||
| 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 64.4% | ||
| Net Profit Margin | 0.7% | ||
| 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 Aspal Knits (India) Private Limited, buy the company report.
Board of directors of Aspal Knits (India) Private Limited
Aspal Knits (India) has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Gupta Also directs: Bansal Distillers Limited, Bansal Spirits Private Limited, Bharat Bioethanol Private Limited and 2 more | Director | 05 Aug 2021 | 5 Years 3 Months | Current |
| Suresh Kumar Also directs: Bansal Distillers Limited, Bansal Liquors Limited | Director | 05 Aug 2021 | 5 Years 3 Months | Current |
Peer comparison
Aspal Knits (India) Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Ramdut Apparel Industries Private Limited | ₹59.7 Lakh (FY 2022) | -2.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Aspal Knits (India) Private Limitedthis company | ₹59.48 Lakh (FY 2024) | ₹41,139 | 0.7% | -92.0% | Barnala, Punjab, India | |
| Ar. Bright Star Mills Private Limited | ₹59.41 Lakh (FY 2024) | -56.0% | Tirupur, Tamil Nadu, India | |||
| Hanuman Agencies Private Limited | ₹59.4 Lakh (FY 2025) | 4.0% | Howrah, West Bengal, India |
To see the full peer comparison of Aspal Knits (India) Private Limited, buy the company report.
Auditor
Aspal Knits (India) Private Limited is audited by HIMANK SINGLA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIMANK SINGLA & ASSOCIATES | FY 2023 | 039298N |
Shareholding
The shareholding of Aspal Knits (India) Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aspal Knits (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.72 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2022 | 100633002 | State Bank of India | ₹2.72 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Aspal Knits (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aspal Knits (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aspal Knits (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Aspal Knits (India) Private Limited, buy the company report.
Recent activity
Aspal Knits (India) Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Avinash Gupta was appointed as Director on 05 Aug 2021.
AGM
Aspal Knits (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Aspal Knits (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with State Bank Of India amounted to Rs. 2.72 Cr with Charge ID 100633002 was registered on 28 Jul 2022.
Appointed
Avinash Gupta was appointed as Director.
Appointed
Suresh Kumar was appointed as Director.
Incorporation
05 Aug 2021
Aspal Knits (India) Private Limited was registered on 05 Aug 2021 with Roc Chandigarh & aged 5 years 3 months as per MCA records.
Frequently asked questions
Aspal Knits (India) is an active private limited company based in Barnala, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 05 August 2021 (5+ years old) and is registered under CIN U18209PB2021PTC053988.
Aspal Knits (India) has 2 current directors:
- Avinash Gupta - Director
- Suresh Kumar - Director
The latest financial statements of Aspal Knits (India) 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 FY 2022 are in the company report.
No. Aspal Knits (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Aspal Knits (India) is U18209PB2021PTC053988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspal Knits (India) was incorporated on 05 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Aspal Knits (India) by revenue are Ramdut Apparel Industries Private Limited, Ar. Bright Star Mills Private Limited, Hanuman Agencies Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Avinash Gupta was appointed as Director on 05 Aug 2021. Suresh Kumar was appointed as Director on 05 Aug 2021.
Yes, Aspal Knits (India) is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-12-0067990).
The registered office of Aspal Knits (India) is at 1st Floor B001 – 00686 Behind Aggarwal Dharmshala Handiaya Bazar Durga Mandir Street, Barnala, Punjab, India – 148101.
Aspal Knits (India) operates in the manufacturing industry, in the textile and fabric production segment.
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