VISAGAR - 2026 Company Profile, Team & Financials

About VISAGAR

VISAGAR is a publicly listed company based in Mumbai (India) founded in 1983. Operations are managed across multiple industries by the diversified conglomerate. The company has 2 employees. Its Indian entity Visagar Polytex Limited reported revenue of ₹13 Lakh. VISAGAR offers products and services including Textile Manufacturing, Vividha Retail Chain, and Financial Advisory. Its focus areas include Consumer Goods, Apparel Brands, Casual Wear and Multi category. Its competitors include Hopscotch, Bewakoof and Styched; 3 of its 3 listed competitors have raised funding.

Company details

VISAGAR was established in 1983 and is based in Mumbai, India. As a diversified conglomerate, activities are conducted in various sectors, encompassing manufacturing, trading, and other fields. Operations are overseen from the headquarters, with leadership provided by Managing Director Tilokchand Maneklal Kothari. The company maintains a presence in multiple industries, focusing on steady expansion within the Indian market and beyond.

Headquarters Mumbai, India
Employees 2
Stage Public
Sectors
Retail
Email
••••••••
Phone
•••• ••••
Website visagar.com
Legal Name Visagar Polytex Limited

Operational Areas

Retail → Fashion & Lifestyle E-Commerce

Key Metrics

Market Cap
₹13.76 Cr
VIVIDHA · NSE
Share Price
₹0.47
0.00% today
Revenue
₹0.12 Cr
FY 2025-26
EBITDA
−₹0.61 Cr
Margin -508.3%
Net Profit
−₹1.54 Cr
FY 2025-26 · +6.1% YoY
Employee Count
2

Associated legal entities of VISAGAR

VISAGAR is associated with 2 registered companies on The Company Check; the primary company is Visagar Polytex Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Visagar Polytex Limited Listed CIN L65990MH1983PLC030215	Active	16 Jun 1983	Mumbai, Maharashtra	₹0.1 Cr	2	8	View details
Visagar Financial Services Limited Listed CIN L99999MH1994PLC076858	Active	01 Mar 1994	Mumbai, Maharashtra	₹9.9 Cr		8	View details

Products & Services of VISAGAR

VISAGAR offers a comprehensive portfolio of products and services, including Textile Manufacturing, Vividha Retail Chain, and Financial Advisory.

Textile Manufacturing

Manufacturing

Designing and manufacturing textiles for wholesale and retail markets.

Vividha Retail Chain

Retail

Ethnic wear retail chain for consumer sales in India.

Financial Advisory

Advisory Services

Customized advisory for corporate and real estate clients.

Board of directors of Visagar Polytex Limited (VISAGAR)

Visagar Polytex Limited is the primary company behind VISAGAR. The boards of the 2 registered companies of VISAGAR currently have 7 directors; the longest-serving is Tilokchand Manaklal Kothari, appointed in 2015. 41 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Tilokchand Manaklal Kothari DIN 00413627	Managing Director	01 Aug 2015	11 yrs 2 mo	Visagar Polytex Limited, Visagar Financial Services Limited
Kaushal Yadav DIN 08484455	Director	17 Jun 2019	7 yrs 4 mo	Visagar Polytex Limited
Madhu Bala Vaishnav DIN 08376551	Director	05 Dec 2019	6 yrs 10 mo	Visagar Polytex Limited, Visagar Financial Services Limited
Kuldeep Kumar DIN 08373716	Director	28 Sep 2020	6 yrs	Visagar Polytex Limited, Visagar Financial Services Limited
Vikramjit Singh Gill DIN 08875328	Director	02 Jan 2021	5 yrs 9 mo	Visagar Polytex Limited
Anju Pareek DIN 07144713	Director	30 Sep 2024	2 yrs	Visagar Financial Services Limited
Vikasjeet Singh DIN 11228402	Director	13 Aug 2025	1 yr 2 mo	Visagar Polytex Limited, Visagar Financial Services Limited

People of VISAGAR

1 people are tracked at VISAGAR (1 in leadership); the tracked headcount is 2.

Name	Role	Group
Tilokchand Maneklal Kothari	Managing Director	Leadership

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Complete people profiles for VISAGAR

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Full employee list
Team structure
Board tenure
Professional contacts

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IPO & Listings of VISAGAR

VISAGAR is a publicly listed company on the NSE with ticker symbol VIVIDHA in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date21 May 2013
Listed onNSE: VIVIDHA
Listed entityVisagar Polytex Limited
Exchange sectorProcess industries
ISININE370E01029
Share price₹0.51 (+2% on the day) · 2026-10-14
Market capitalisation₹14.6 Cr
EPS (diluted, trailing year)₹-0.05
Volume (last session)54,822

Financials of VISAGAR

Exchange-reported figures of Visagar Polytex Limited, the listed company behind VISAGAR (NSE: VIVIDHA).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹0.12 Cr

EBITDA

−₹0.61 Cr

-7.0% YoY

Profit After Tax

−₹1.54 Cr

+6.1% YoY

Net Worth

−₹0.41 Cr

-136.3% YoY

Total Assets

₹5.88 Cr

-21.4% YoY

Total Debt

₹6.29 Cr

-0.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	0.12	0.00	8.21	0.79	3.56	4.81	10.17
Revenue growth	-	-100.0%	+939.2%	-77.8%	-26.0%	-52.7%	-
EBITDA	(0.61)	(0.57)	(14.08)	(0.20)	0.77	0.55	(13.44)
EBITDA margin	-508.3%	-	-171.5%	-25.3%	+21.6%	+11.4%	-132.2%
Profit before tax	(1.62)	(1.76)	(15.53)	(1.39)	(0.58)	0.04	(14.36)
Net profit	(1.54)	(1.64)	(15.53)	(1.39)	(0.58)	0.04	(14.49)
Net profit margin	-1283.3%	-	-189.2%	-176.0%	-16.3%	+0.8%	-142.5%
EPS (₹)	(0.05)	(0.06)	(0.53)	(0.05)	(0.02)	0.00	(0.49)
Balance sheet
Total assets	5.88	7.48	9.29	26.74	27.81	29.68	30.22
Net worth	(0.41)	1.13	2.80	18.33	19.72	20.21	20.17
Total debt	6.29	6.35	6.50	8.41	8.09	9.47	10.05
Cash & bank	0.17	0.00	0.00	0.00	0.07	0.11	0.20
Net working capital	3.80	4.74	6.28	22.36	22.77	23.53	23.62
Cash flow
Cash from operations	0.17	0.04	1.18	(0.39)	0.18	(0.06)	(0.13)
Cash from investing	0.00	0.46	0.74	0.00	(0.04)	(0.02)	0.00
Cash from financing	0.00	(0.50)	(1.91)	0.32	(0.19)	0.00	0.00

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	0.23	0.00	0.01	0.00	0.11	0.00	0.00	0.00
Revenue growth (YoY)	+109.1%	-	-	-	-	-	-	-
Other income	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00
Total expenses	0.44	0.18	0.04	0.11	0.48	0.12	0.11	0.20
EBITDA	(0.21)	(0.18)	(0.03)	(0.11)	(0.37)	(0.12)	(0.11)	(0.20)
EBITDA margin	-91.3%	-	-300.0%	-	-336.4%	-	-	-
Depreciation	0.14	0.11	0.12	0.13	0.14	0.40	0.09	0.09
Interest	0.04	0.21	0.06	0.07	0.08	0.11	0.13	0.13
Profit before tax	(0.39)	(0.50)	(0.21)	(0.31)	(0.59)	(0.61)	(0.33)	(0.42)
Tax	0.00	(0.08)	0.00	0.00	0.00	(0.12)	0.00	0.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026

Particulars	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024
Revenue	0.23	0.00	0.01	0.00	0.11	0.00	0.00	0.00
Revenue growth (YoY)	+109.1%	-	-	-	-	-	-	-
Other income	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00
Total expenses	0.44	0.18	0.04	0.11	0.48	0.12	0.11	0.20
EBITDA	(0.21)	(0.18)	(0.03)	(0.11)	(0.37)	(0.12)	(0.11)	(0.20)
EBITDA margin	-91.3%	-	-300.0%	-	-336.4%	-	-	-
Depreciation	0.14	0.11	0.12	0.13	0.14	0.40	0.09	0.09
Interest	0.04	0.21	0.06	0.07	0.08	0.11	0.13	0.13
Profit before tax	(0.39)	(0.50)	(0.21)	(0.31)	(0.59)	(0.61)	(0.33)	(0.42)
Tax	0.00	(0.08)	0.00	0.00	0.00	(0.12)	0.00	0.00

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	0.12	0.00	8.21	0.79	3.56	4.81	10.17
Revenue growth	-	-100.0%	+939.2%	-77.8%	-26.0%	-52.7%	-
Other income	0.01	0.02	0.31	0.16	0.01	0.30	0.14
Total expenses	0.73	0.57	22.29	0.99	2.79	4.26	23.61
Employee cost	0.08	0.07	0.21	0.24	0.41	0.09	0.36
EBITDA	(0.61)	(0.57)	(14.08)	(0.20)	0.77	0.55	(13.44)
EBITDA margin	-508.3%	-	-171.5%	-25.3%	+21.6%	+11.4%	-132.2%
Depreciation	0.50	0.64	0.66	0.65	0.69	0.64	0.74
Interest	0.52	0.57	1.10	0.70	0.67	0.17	0.32
Profit before tax	(1.62)	(1.76)	(15.53)	(1.39)	(0.58)	0.04	(14.36)
Tax	(0.08)	(0.12)	0.00	0.00	0.00	0.00	0.00
Net profit	(1.54)	(1.64)	(15.53)	(1.39)	(0.58)	0.04	(14.49)
Net profit margin	-1283.3%	-	-189.2%	-176.0%	-16.3%	+0.8%	-142.5%
EPS (₹)	(0.05)	(0.06)	(0.53)	(0.05)	(0.02)	0.00	(0.49)

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	29.27	29.27	29.27	29.27	29.27	29.27	29.27
Reserves & surplus	(30.90)	(29.36)	(27.69)	(12.16)	(10.77)	(10.28)	(10.32)
Shareholders' funds (net worth)	(0.41)	1.13	2.80	18.33	19.72	20.21	20.17
Secured loans	0.00	0.00	0.00	0.00	0.00	0.96	0.88
Unsecured loans	6.29	6.35	6.50	8.41	8.09	8.51	9.17
Total debt	6.29	6.35	6.50	8.41	8.09	9.47	10.05
Total liabilities	5.88	7.48	9.29	26.74	27.81	29.68	30.22
Assets
Gross block	1.91	13.84	13.85	15.08	15.09	15.05	15.03
Net block	1.91	2.40	2.78	3.63	4.27	4.92	5.55
Capital work in progress	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	1.89	1.97	1.97	10.67	11.05	10.15	9.18
Sundry debtors	0.89	1.72	3.12	10.75	11.60	17.76	17.07
Cash & bank balances	0.17	0.00	0.00	0.00	0.07	0.11	0.20
Loans & advances	0.97	0.85	1.27	1.58	1.19	1.01	0.85
Total current assets	3.92	4.54	6.36	23.00	23.91	29.03	27.30
Total current liabilities	0.12	(0.20)	0.08	0.64	1.14	5.50	3.68
Net working capital	3.80	4.74	6.28	22.36	22.77	23.53	23.62
Total assets	5.88	7.48	9.29	26.74	27.81	29.68	30.22

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.00	0.00	0.00	0.07	0.11	0.29	0.43
Net cash from operating activities	0.17	0.04	1.18	(0.39)	0.18	(0.06)	(0.13)
Net cash from investing activities	0.00	0.46	0.74	0.00	(0.04)	(0.02)	0.00
Net cash from financing activities	0.00	(0.50)	(1.91)	0.32	(0.19)	0.00	0.00
Net change in cash	0.17	0.00	0.00	(0.07)	(0.04)	(0.08)	(0.14)
Closing cash	0.17	0.00	0.00	0.00	0.07	0.11	0.20

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	-	-100.0%	+939.2%	-77.8%	-26.0%	-52.7%	-
EBITDA growth	-7.0%	+96.0%	-6940.0%	-126.0%	+40.0%	+104.1%	-
PBT growth	+8.0%	+88.7%	-1017.3%	-139.7%	-	+9998.0%	-
Net income growth	+6.1%	+89.4%	-1017.3%	-139.7%	-1550.0%	+100.3%	-
Revenue CAGR (3Y)	-46.6%	-100.0%	+19.5%	-57.3%	-59.6%	-61.2%	-50.0%
EBITDA CAGR (3Y)	+45.0%	-	-	-75.4%	-30.6%	-48.7%	-
Profitability & leverage
Net income margin	-1283.3%	-	-189.2%	-176.0%	-16.3%	+0.8%	-141.2%
Return on capital employed	-	0.0%	0.0%	0.0%	0.0%	+0.6%	0.0%
Return on net worth	-	0.0%	0.0%	0.0%	0.0%	+0.2%	0.0%
Debt / equity	-	3.28	0.71	0.43	0.44	0.48	0.36
Long-term debt / equity	-	3.08	0.63	0.41	0.39	0.35	0.14
Interest cover	-46.85	-47.11	-7.46	-82.35	837.50	-188.89	-2.26
Efficiency & per share
Fixed asset turnover	-	0.00	0.57	0.05	0.24	0.32	0.68
Inventory turnover	-	0.00	1.30	0.07	0.34	0.50	0.58
Debtors turnover	-	0.00	1.18	0.07	0.24	0.28	0.49
EPS (₹)	(0.05)	(0.06)	(0.53)	(0.05)	(0.02)	0.00	(0.49)
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	(0.06)	0.00	0.05	0.58	0.63	0.65	0.65

Competitors of VISAGAR

VISAGAR has 3 listed competitors in our database, 3 of them funded. They include Hopscotch, Bewakoof and Styched.

Company Name	Domain	Founded	HQ Location	Total funding	Employees	Description
Hopscotch	hopscotch.in	2012	Thane, India	$71M	109	Apparel and accessories for children are provided online.
Bewakoof	bewakoof.com	2011	Mumbai, India	$39.49M	161	Multi-category fashion products are sold by an internet-first brand.
Styched	styched.in	2019	Bengaluru, India	$925,098		Multi-category fashion for men and women is offered online.

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Detailed competitors of VISAGAR

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Web traffic of VISAGAR

The website of VISAGAR (visagar.com) receives about 1K visits a month.

Monthly visits
1K
▼ 43.8% vs previous month

Similar websites

Websites whose visitors overlap most with VISAGAR. Affinity shows how closely the audiences match.

Website	Domain	Audience affinity	Monthly visits	Global rank	Profile
Edelweiss Finance	edelweissfin.com	100%	35.9K	#752,756	View details
IL&FS Financial Services Limited	ilfsifin.com	62%	2.3K	#6,599,888	View details
Thorn Group	thorn.com.au	62%	4.1K	#4,763,184	View details

Top companies in Fashion & Lifestyle E-Commerce

3 companies that operate in the same segment as VISAGAR (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Lenskart	Eyewear is offered online for men, women, and kids.	2010	Gurugram, Haryana, India	USD 1.04 B	USD 939.4 M	18,984
Myntra	Fashion and lifestyle products are offered via an online marketplace.	2007	Bengaluru, Karnataka, India	USD 123.71 M	USD 542.17 M	1,108
GIVA	Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.	2019	Bengaluru, Karnataka, India	USD 142.34 M	USD 32.66 M	711

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Related news about Visagar

Visagar Polytex reports standalone net loss of Rs 0.39 crore in the June 2026 quarter | Capital Market News - Business Standard

Business Standard • 2 months ago

Visagar Financial Services reports standalone net loss of Rs 0.06 crore in the June 2026 quarter | Capital Market News - Business Standard

Business Standard • 2 months ago

Visagar Polytex Ltd Says Board To Discuss Proposal For Reorganization

Reuters • 8 months ago

Visagar Financial Services reports standalone net loss of Rs 3.01 crore in the September 2022 quarter

India Infoline • 1 year ago

Visagar Polytex reports standalone net loss of Rs 0.22 crore in the September 2022 quarter

India Infoline • 1 year ago

Visagar Financial Services schedules board meeting

India Infoline • 1 year ago

Visagar Polytex to hold board meeting

India Infoline • 1 year ago

Visagar Polytex Says Fire Incident At Surat Factory

Reuters • 2 years ago

Visagar Fin Standalone June 2024 Net Sales at Rs 30.57 crore, down 48.33% Y-o-Y

Moneycontrol • 2 years ago

Maharashtra Corp Buys 0.44 Acre Land In Ahmedabad, Plans Commercial Development

Economictimes • 2 years ago

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Complete news archive for VISAGAR

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Frequently Asked Questions about VISAGAR

When was VISAGAR founded?

VISAGAR was founded in 1983.

Where is VISAGAR located?

VISAGAR is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

How many employees does VISAGAR have?

VISAGAR has 2 employees.

What is the annual revenue of VISAGAR?

The primary company behind VISAGAR, Visagar Polytex Limited, reported revenue of ₹13 Lakh for FY 2026, up 9997% year on year.

What does VISAGAR do?

VISAGAR was established in 1983 and is based in Mumbai, India. As a diversified conglomerate, activities are conducted in various sectors, encompassing manufacturing, trading, and other fields. Operations are overseen from the headquarters, with leadership provided by Managing Director Tilokchand Maneklal Kothari. The company maintains a presence in multiple industries, focusing on steady expansion within the Indian market and beyond.

Who are the top competitors of VISAGAR?

VISAGAR's top competitors include Hopscotch, Bewakoof and Styched.

What products or services does VISAGAR offer?

VISAGAR offers Textile Manufacturing, Vividha Retail Chain, and Financial Advisory.

Is VISAGAR publicly traded?

Yes, VISAGAR is publicly traded on NSE under the ticker symbol VIVIDHA.

Which legal entities are associated with VISAGAR?

VISAGAR is associated with 2 legal entities: Visagar Polytex Limited, Visagar Financial Services Limited.

Who are the directors of VISAGAR?

The legal entities of VISAGAR currently have 12 directors, including Tilokchand Manaklal Kothari, Vikramjit Singh Gill, Kaushal Yadav and others.

About VISAGAR

Company details

Operational Areas of VISAGAR

Associated legal entities of VISAGAR

Products & Services of VISAGAR

Board of directors of Visagar Polytex Limited (VISAGAR)

People of VISAGAR

Complete people profiles for VISAGAR

IPO & Listings of VISAGAR

Financials of VISAGAR

Financial Highlights

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr Standalone AnnualQuarterly

Financial Statements

Competitors of VISAGAR

Detailed competitors of VISAGAR

Web traffic of VISAGAR

Top companies in Fashion & Lifestyle E-Commerce

Related news about Visagar

Complete news archive for VISAGAR

Frequently Asked Questions about VISAGAR

Financial summary ₹ Cr