MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0011966
Baggit India Private Limited - home & lifestyle in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹102.52 Cr
▼ 39% YoY
Net loss · FY 2024
₹34.82 Cr
Net margin -34%
EBITDA · FY 2024
-₹26.56 Cr
EBITDA margin -25.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.89 Cr
Issued & subscribed
Open charges
₹60.72 Cr
Satisfied ₹61.5 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
442
Provident fund records
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 30 cases involving the company, including 6 filed by the company and 24 filed against it; 15 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in June 2014. Its 4 peer companies in the Consumer Products industry (Lifestyle and Accessories Manufacturers), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 2 smaller; the largest is Sai Lakshmi Industries Private Limited with revenue of ₹119.75 Cr.
Baggit India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0011966). 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.
Company details
CIN U74999MH2008PTC187968
Registration Number 187968
Incorporation Date 04 November 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0011966
Recognitions & Rankings of Baggit India
Contact details
Baggit India Private Limited's registered office is in Mumbai, Maharashtra. Its website is baggit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address218 Narayan Udyog Bhavan Dr. Ambedkar Road Lalabaug, Mumbai, Maharashtra, India – 400012
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
To see the full contact details of Baggit India Private Limited, buy the company report.
Comprehensive company report
Baggit 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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Brands
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 |
Business activity
The main business activity of Baggit 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 Baggit India Private Limited, buy the company report.
Financials of Baggit India Private Limited
FY 2024 filings availableBaggit India Private Limited reported revenue of ₹102.52 Cr (down 39% YoY) for FY 2024.
Revenue · FY 2024
₹102.52 Cr ▼ 39%
Net loss · FY 2024
₹34.82 Cr margin -34%
EBITDA · FY 2024
-₹26.56 Cr margin -25.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▲ 18%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 369%
3 years · compounded
▼ 808%
5 years · compounded
▼ 38%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Baggit India Private Limited, buy the company report.
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.
Current Directors
| 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 |
Peer comparison
Baggit India Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Sai Lakshmi Industries Private Limited | ₹119.75 Cr (FY 2025) | 75.0% | Bangalore, Karnataka, India | |||
| Amal Embroideries Private Limited | ₹105.99 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Baggit India Private Limitedthis company | ₹102.52 Cr (FY 2024) | -₹34.82 Cr | -34% | -39.0% | 442 | Mumbai, Maharashtra, India |
| BPS Accessories Private Limited | ₹102.34 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Raj Rajeshwari Tecchno Fab Private Limited | ₹91.33 Cr (FY 2025) | 0.0% | Fatehpur, Uttar Pradesh, India |
To see the full peer comparison of Baggit India Private Limited, buy the company report.
Auditor
Baggit India Private Limited is audited by SRBC AND CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC AND CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
The shareholding of Baggit India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Baggit India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60.72 Cr
Satisfied charges
₹61.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2023 | 100711304 | Yes Bank Limited | ₹5 Cr | Open | |
| 31 Aug 2022 | 100608202 | Axis Bank Limited | ₹40.72 Cr | Open | |
| 14 Aug 2019 | 100292258 | Yes Bank Limited | ₹15 Cr | Open | |
| 12 Mar 2021 | 100426468 | Others | ₹4.8 Cr | Satisfied | |
| 28 Oct 2015 | 10608444 | Others | ₹31.76 Cr | Satisfied |
To see the full charge records of Baggit India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Baggit India Private Limited has 1 deal on record (1 rights issue); the latest was in June 2014.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Rights issue | ₹11.25 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Baggit India Private Limited has 30 court cases on record: 6 filed by Baggit India, 24 filed against it. 15 cases are pending and 15 are disposed.
Total cases
30
Filed by the company
6
Filed against the company
24
Pending
15
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 23 | 14 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Moneywise Financial Services Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ambit Finvest Pvt. Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by PSN Supply Chain Solutions Pvt Ltd Through Authorized Arun Sathe | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by Kisetsu Saison Finance India Private Limited | Pending |
To see the full case history of Baggit 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.
Credit ratings & regulatory alerts
Baggit India Private Limited was last rated by Crisil on 03 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Jun 2020 |
To see the full credit ratings and regulatory alerts of Baggit India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Baggit India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Baggit India Private Limited has a workforce of 442 employees on its EPFO records as of Jan 09, 2026, across 1 active EPFO establishment.
Employee count
442
Active EPFO establishments
1
Employee growth
-26.7%
GST
Baggit India has 16 GST registrations: 16 active. The first 4 active GSTINs are listed below.
Total GSTINs
16
Active
16
| 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 |
To see the full GST registrations and return filing status of Baggit India Private Limited, buy the company report.
Recent activity
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.
Appointed
Ramcharitra Lakhan Dhusiya was appointed as Additional Director.
AGM
Baggit India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Baggit India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited of Rs. 40.72 Cr registered on 31 Aug 2022 with Charge ID 100608202 was modified on 08 Dec 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100711304 was registered on 06 Apr 2023.
Charges
A charge with Yes Bank Limited of Rs. 15.00 Cr registered on 14 Aug 2019 with Charge ID 100292258 was modified on 29 Mar 2023.
Charges
A charge registered on 12 Mar 2021 via Charge ID 100426468 with Others was fully satisfied on 22 Sep 2022.
Charges
A charge registered on 28 Oct 2015 via Charge ID 10608444 with Others was fully satisfied on 22 Sep 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 40.72 Cr with Charge ID 100608202 was registered on 31 Aug 2022.
Charges
A charge with Others amounted to Rs. 4.80 Cr with Charge ID 100426468 was registered on 12 Mar 2021.
Ceased
Sudhir Uttamlal Mistry ceased to be Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100292258 was registered on 14 Aug 2019.
14 earlier events are in the company report.
News
Frequently asked questions
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 has 2 current directors:
- Nina Manoj Lekhi - Managing Director
- Ramcharitra Lakhan Dhusiya - Additional Director
The latest financial statements of Baggit 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 2015 are in the company report.
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 30 court cases on record: 6 filed by the company and 24 filed against it. 15 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, Amal Embroideries Private Limited, BPS Accessories Private Limited, Raj Rajeshwari Tecchno Fab Private Limited, all in the Consumer Products industry (Lifestyle and Accessories Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Ramcharitra Lakhan Dhusiya was appointed as Additional Director on 26 Apr 2025. Sudhir Uttamlal Mistry ceased to be Director on 30 Sep 2020. Vishal Lalchand Ahuja ceased to be Additional Director on 29 Sep 2018. Baggit India has 10 board changes on record in total.
Yes, Baggit India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0011966).