About Usha Yarns
Usha Yarns is a company based in Chandigarh (India) founded in 1996. Usha Yarns has raised $842.3 thousand across 2 funding rounds from investors including Rajesh Gupta, Nikhil Goel and Ashok Kansal. The company has 890 employees. Usha Yarns offers products and services including Puneh Popular, Puneh Signature, Puneh Iconic, Puneh Vintage, and Puneh Natural.
- Headquarter Chandigarh, India
- Employees 890
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website ushayarns.com
- Social LinkedIn X Facebook
- Legal Name Usha Yarns Limited
- Date of Incorporation 06 Feb, 1995
- Jurisdiction Punjab, India
- Annual Revenue₹230 Cr
FY 2024 · -6% YoY
- Net Profit₹43.4 Lakh
FY 2024 · 0% margin
- EBITDA₹22.26 Cr
FY 2024 · 10% margin
- Total Equity Funding$842.3K (USD)
in 2 rounds
- Latest Funding Round$676.26K (USD), Angel Round
Sep 2016
- Employee Count890
Associated legal entities of Usha Yarns
Usha Yarns operates through Usha Yarns Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Usha Yarns Limited CIN U17115PB1995PLC015739 | Active | 06 Feb 1995 | – | ₹230 Cr | 890 | 8 | View details |
Products & Services of Usha Yarns
Usha Yarns offers a comprehensive portfolio of products and services, including Puneh Popular, Puneh Signature, Puneh Iconic, Puneh Vintage, and Puneh Natural.
Blend of recycled cotton and polyester for garment applications
Innovative blend with regenerated cellulose for sustainable fabrics
Combination of recycled cotton and virgin viscose for quality textiles
Recycled denim yarns with minimal environmental footprint
Sustainable yarns from recycled materials for eco-conscious products
Custom blended yarns tailored for specific manufacturing needs
Funding Insights of Usha Yarns
Usha Yarns has successfully raised a total of $842.3K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $676.26 thousand completed in September 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $842,298
- Total Rounds 2
- Last Round Angel Round — $676,256
- First Round $166,042
(Mar 2014)
- Investors Count 10
All 2 funding rounds of Usha Yarns with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2016 | $676,256 | Angel Round | $3.12M | Nikhil Goel | |
| Mar 2014 | $166,042 | Angel Round | $735,552 | Nikhil Goel |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2016 | $3.12M | •••••••• |
Last known valuation $3.12M (Sep 2016). 10 investors in total: 0 institutional and 10 angel.
Investors in Usha Yarns
Usha Yarns has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Rajesh Gupta, Nikhil Goel and Ashok Kansal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RG Rajesh Gupta | Angel investor, founder of Busy Accounting Software, supports Indian startups | – | unknown_83944c919b26407b8 | - |
NG Nikhil Goel | - | – | unknown_4ce27e8fc9524463a | - |
AK Ashok Kansal | - | – | unknown_a79ec1911532447eb | - |
JK Jugal Kansal | - | – | unknown_87d7805e0ca746af8 | - |
KK Karan Kansal | - | – | unknown_4ddce313431c4eb29 | - |
TK Tarun Kumar Kansal | - | – | unknown_96dca81992c441f9a | - |
NK Neena Kansal | - | – | unknown_b0f8d33c7afb445b9 | - |
JK Jyoti Kansal | - | – | unknown_5d600c8527704f9ab | - |
AG Anuj Gupta | Angel investor and entrepreneur, co-founder of Pine Labs, fintech innovator | – | unknown_9759b3df7fa749e9a | - |
AG Anurag Gupta | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_013bb8a57bf24f829 | - |
Investor details for Usha Yarns
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Usha Yarns Limited (Usha Yarns)
Usha Yarns Limited is the primary company behind Usha Yarns. The board of Usha Yarns Limited currently have 8 directors; the longest-serving is Gopal Krishan Gupta, appointed in 1995. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopal Krishan Gupta DIN 00192985 | Director | 06 Feb 1995 | 31 yrs 8 mo | Usha Yarns Limited |
| Shashi Bhushan Gupta DIN 00154404 | Director | 14 Aug 1995 | 31 yrs 1 mo | Usha Yarns Limited |
| Naveen Kansal DIN 00078445 | Director | 28 Dec 1995 | 30 yrs 9 mo | Usha Yarns Limited |
| Anurag Gupta DIN 00192888 | Managing Director | 01 Nov 2018 | 7 yrs 11 mo | Usha Yarns Limited |
| Sandeep Suri DIN 07693480 | Director | 23 Dec 2019 | 6 yrs 9 mo | Usha Yarns Limited |
| Sudesh Kumar Garg DIN 07692820 | Director | 23 Dec 2019 | 6 yrs 9 mo | Usha Yarns Limited |
| Anup Gupta DIN 01069550 | Director | 19 Jul 2021 | 5 yrs 2 mo | Usha Yarns Limited |
| Nikhil Goel DIN 01741446 | Director | 19 Jul 2021 | 5 yrs 2 mo | Usha Yarns Limited |
People of Usha Yarns
1 people are tracked at Usha Yarns (1 in leadership); the tracked headcount is 890.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Usha Yarns
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Usha Yarns
Figures of Usha Yarns Limited, the primary company behind Usha Yarns, for FY 2024. Revenue was ₹230 Cr (-6% year on year). Net profit was ₹43.4 Lakh (0% margin). EBITDA was ₹22.26 Cr (10% margin). Revenue has grown at a compounded annual rate of +17% over three years and +17% over five years.
- ₹230 CrRevenue · FY 2024 · -6% YoY
- ₹43.4 LakhNet profit · 0% margin
- ₹22.26 CrEBITDA · 10% margin
- ₹4.93 CrPaid-up capital
- 890Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Usha Yarns Limited are on its company page.
Detailed financial statements for Usha Yarns
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Usha Yarns
4 dated milestones of Usha Yarns across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Usha Yarns is founded.
- Funding First funding round of $166K.
- Funding Latest funding round, Angel Round, of $676K.
- Milestone Reaches Minicorn status.
Web traffic of Usha Yarns
The website of Usha Yarns (ushayarns.com) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 3.7% vs previous month
Websites whose visitors overlap most with Usha Yarns. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rswm.in | 100% | 5.8K | #3,582,913 | View details | |
| sanathan.com | 95% | 2.2K | #7,493,907 | View details | |
| sutlejtextiles.com | 90% | 6.4K | #3,100,380 | View details |
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Frequently Asked Questions about Usha Yarns
Usha Yarns was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Usha Yarns is headquartered in Chandigarh, India.
Usha Yarns is a funded company, having raised a total of $842.3K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $166.04K, raised on Mar 2014.
Usha Yarns has 890 employees.
The primary company behind Usha Yarns, Usha Yarns Limited, reported revenue of ₹230 Cr for FY 2024, down 6% year on year.
Usha Yarns was established in 1996 in Chandigarh, India, within the textile recycling sector. Operations focus on manufacturing recycled yarn products by converting pre-consumer garment cutting waste and polyester derived from recycled PET bottles. Solutions are provided for producing quality pre-dyed yarn, supporting sustainable textile practices across the region.
Usha Yarns offers Puneh Popular, Puneh Signature, Puneh Iconic, Puneh Vintage, and 2 more products and services.
Usha Yarns has 10 investors. Key investors include Rajesh Gupta, Nikhil Goel, Ashok Kansal, Jugal Kansal, and Karan Kansal.
The valuation of Usha Yarns is $3.12M as of Sep 2016.
Usha Yarns operates through Usha Yarns Limited.
The legal entities of Usha Yarns currently have 8 directors, including Naveen Kansal, Anup Gupta, Sandeep Suri and others.