About Baggit India Private Limited
Data last updated:
Baggit India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 04 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2008PTC187968. Its GSTIN is 27AADCB6607J1ZM (Maharashtra). The company holds 16 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.89 Cr. It is led by directors Nina Manoj Lekhi (Managing Director) and Ramcharitra Lakhan Dhusiya.
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 218 Narayan Udyog Bhavan Dr. Ambedkar Road Lalabaug, Mumbai, Maharashtra, India – 400012.
As per the financials filed for FY 2024, the company reported a revenue of ₹102.52 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹34.82 Cr (net margin -34%) and EBITDA of -₹26.56 Cr (EBITDA margin -25.9%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 1% over five years.
The company has about 442 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Baggit. As per MCA filings, the company has open charges of ₹60.72 Cr and satisfied charges of ₹61.5 Cr on record. Court records list 29 cases involving the company, including 6 filed by the company and 20 filed against it; 14 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in June 2014. Its 10 peer companies in the Consumer Products industry (Lifestyle and Accessories Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Sai Lakshmi Industries Private Limited with revenue of ₹119.75 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website baggit.com.
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- TelephoneLocked
- Website
- Social Media
- Registered Address218 Narayan Udyog Bhavan Dr. Ambedkar Road Lalabaug, Mumbai, Maharashtra, India – 400012
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Baggit India Private Limited
The main business activity of Baggit India is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Baggit India Private Limited FY 2024 filings available
Baggit India Private Limited reported revenue of ₹102.52 Cr (down 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Baggit India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 39% fall in the latest year. EBITDA fell 369% 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 of Baggit India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹102.52 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹26.56 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹34.82 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 of Baggit India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -34% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Baggit India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Baggit India Private Limited
Baggit India Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Lakshmi Industries Private Limited | ₹119.75 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Bangalore, Karnataka, India |
| Catmoss Retail Private Limited | ₹116.03 Cr (FY 2009) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| GKB Ophthalmics Limited Listed | ₹110.32 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Goa, India |
| Rayban Sun Optics India Private Limited | ₹108 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Gurugram, Haryana, India |
| Amal Embroideries Private Limited | ₹105.99 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Baggit India Private Limited this company | ₹102.52 Cr (FY 2024) | •••• | •••• | -39.0% | •••• | Mumbai, Maharashtra, India |
| BPS Accessories Private Limited | ₹102.34 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Chennai, Tamil Nadu, India |
| M B Rubber Private Limited | ₹101.3 Cr (FY 2022) | •••• | •••• | -37.0% | •••• | Delhi, India |
| JW Brands Private Limited | ₹97.34 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Bangalore, Karnataka, India |
| Raj Rajeshwari Tecchno Fab Private Limited | ₹91.33 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Fatehpur, Uttar Pradesh, India |
| Egcpl Consultants Private Limited | ₹90.99 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Baggit India by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Baggit India Private Limited
Baggit India Private Limited is audited by SRBC AND CO LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRBC AND CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Baggit India Private Limited
Baggit India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nina Manoj Lekhi | Managing Director | 04 Nov 2008 | 17 Years 11 Months | Current |
| Ramcharitra Lakhan Dhusiya | Additional Director | 26 Apr 2025 | 1 Years 5 Months | Current |
Ownership and Shareholding of Baggit India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Baggit India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Apr 2023 | Yes Bank Limited | ₹5 Cr | Open |
| 31 Aug 2022 | Axis Bank Limited | ₹40.72 Cr | Open |
| 14 Aug 2019 | Yes Bank Limited | ₹15 Cr | Open |
| 12 Mar 2021 | Others | ₹4.8 Cr | Satisfied |
| 28 Oct 2015 | Others | ₹31.76 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Baggit India Private Limited
Baggit India Private Limited has 1 deal on record (1 rights issue); the latest was in June 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Rights issue | ₹11.25 Cr | Investors: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Baggit India Private Limited
Baggit India Private Limited has 29 court cases on record: 6 filed by Baggit India, 20 filed against it, 3 where it is another party. 14 cases are pending and 15 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 19 | 13 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PSN Supply Chain Solutions Private Limited | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by Kisetsu Saison Finance (India) Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by PSN Supply Chain Solutions Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ambit Finvest Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Pending |
Full case history
All 29 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Baggit India Private Limited
Baggit India operates one associated brand: Baggit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Non-leather bags and accessories are sold by an internet-first brand. | baggit.com |
Employees and EPFO Compliance at Baggit India Private Limited
Baggit India Private Limited has a workforce of 442 employees as of Jan 09, 2026.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Baggit India Private Limited
Recent Activity on Baggit India Private Limited
Baggit India Private Limited has 10 board changes on record since 2008: 4 appointments and 6 cessations. The latest: Ramcharitra Lakhan Dhusiya was appointed as Additional Director on 26 Apr 2025.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Baggit India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Baggit India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Baggit India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Baggit India Private Limited
Baggit India has 16 GST registrations: 16 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB6607J1ZM | Maharashtra | Active | 01 Jul 2017 |
| 27AADCB6607J2ZL | Maharashtra | Active | 14 Mar 2018 |
| 03AADCB6607J1ZW | Punjab | Active | 01 Jul 2017 |
| 05AADCB6607J1ZS | Uttarakhand | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Baggit India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Baggit India Private Limited
Baggit India is an active private limited company based in Mumbai, Maharashtra, India. The company works in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 04 November 2008 (18+ years old) and is registered under CIN U74999MH2008PTC187968.
Baggit India reported revenue of ₹102.52 Cr for FY 2024 (down 39% YoY).
Baggit India has 2 current directors:
- Nina Manoj Lekhi - Managing Director
- Ramcharitra Lakhan Dhusiya - Additional Director
Baggit India reported a net loss of ₹34.82 Cr (net margin -34%) and EBITDA of -₹26.56 Cr (EBITDA margin -25.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Baggit India is 18% over three years and -1% over five years. In the latest year (FY 2024) revenue fell 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Baggit India is 27AADCB6607J1ZM, registered in Maharashtra. The company has 16 GST registrations in all, of which 16 are active. Other active GSTINs include 27AADCB6607J2ZL (Maharashtra), 03AADCB6607J1ZW (Punjab), 05AADCB6607J1ZS (Uttarakhand).
The CIN (Corporate Identification Number) of Baggit India is U74999MH2008PTC187968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Baggit India has 29 court cases on record: 6 filed by the company and 20 filed against it. 14 are pending. Most are in the district courts.
Baggit India was incorporated on 04 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Baggit India has 1 deal on record (1 rights issue); the latest was in June 2014.
The peers of Baggit India by revenue are Sai Lakshmi Industries Private Limited, Catmoss Retail Private Limited, GKB Ophthalmics Limited, Rayban Sun Optics India Private Limited, Amal Embroideries Private Limited and 5 more, all in the Consumer Products industry (Lifestyle and Accessories Manufacturers).