India's Richest People 2026 edition · 3 directors · Source: Hurun India
- #1,608 Sudhir Agarwal ₹1,200 Cr
- #1,608 Pawan Agarwal ₹1,200 Cr
- #1,608 Girish Agarwal ₹1,200 Cr
Revenue · FY 2025
₹765.44 Cr
▲ 5% YoY
Net profit · FY 2025
₹31.22 Cr
Net margin 4.1%
EBITDA · FY 2025
₹80.83 Cr
EBITDA margin 10.6%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹6.39 Cr
Issued & subscribed
Open charges
₹202 Cr
Satisfied ₹1,500.54 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
2,077
Provident fund records
About Bhaskar Industries Private Limited
Data last updated:
Bhaskar Industries Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India. It operates in the denim and casual wear segment of the fashion and textiles sector. It was incorporated on 18 November 1985 and has been in existence for over 41 years.
Its director Sudhir Agarwal is #1,608 among India's richest people (2026). Its director Pawan Agarwal is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U67120MP1985PTC003145. Its GSTIN is 23AAACB5809M1ZP (Madhya Pradesh).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.39 Cr. It was formerly known as D.R. Enterprises Limited and Bhaskar Industries Limited. It is led by directors including Shishir Kumar Shukla and Pawan Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6 Dwarka Sadan Press Complex M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011.
As per the financials filed for FY 2025, the company reported a revenue of ₹765.44 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹31.22 Cr (net margin 4.1%) and EBITDA of ₹80.83 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
The company has about 2,077 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bhaskar Industries. As per MCA filings, the company has open charges of ₹202 Cr and satisfied charges of ₹1,500.54 Cr on record. Court records list 59 cases involving the company, including 34 filed by the company and 25 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhaskarindustries.com.
Company details
CIN U67120MP1985PTC003145
Registration Number 003145
Incorporation Date 18 November 1985
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Bhaskar Industries has undergone 2 name changes throughout its history. The company was previously known as D.R. Enterprises Limited, and Bhaskar Industries Limited. The current legal name is Bhaskar Industries Private Limited.
| Company Name | Status |
|---|---|
| Bhaskar Industries Private Limited | Current |
| D.R. Enterprises Limited | Previous |
| Bhaskar Industries Limited | Previous |
CIN history
Bhaskar Industries has one previous CIN (Corporate Identification Number): U67120MP1985PLC003145. The current CIN is U67120MP1985PTC003145, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67120MP1985PTC003145 | Current |
| U67120MP1985PLC003145 | Previous |
Recognitions & Rankings of Bhaskar Industries
Contact details
Bhaskar Industries Private Limited's registered office is in Bhopal, Madhya Pradesh. Its website is bhaskarindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6 Dwarka Sadan Press Complex M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011
- IndustryFashion and Textile, Denim & Casual Wear
To see the full contact details of Bhaskar Industries Private Limited, buy the company report.
Comprehensive company report
Bhaskar Industries 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
Bhaskar Industries operates one associated brand: Bhaskar Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality denim fabrics for international apparel industry with innovative designs. | bhaskarindustries.com |
Business activity
The main business activity of Bhaskar Industries 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 Bhaskar Industries Private Limited, buy the company report.
Financials of Bhaskar Industries Private Limited
FY 2025 filings availableBhaskar Industries Private Limited reported revenue of ₹765.44 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹765.44 Cr ▲ 5%
Net profit · FY 2025
₹31.22 Cr margin 4.1%
EBITDA · FY 2025
₹80.83 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 2%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 65%
3 years · compounded
▲ 2%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 5% growth in the latest year. EBITDA rose 65% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹765.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹80.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.22 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 4.1% | ||||
| 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 Bhaskar Industries Private Limited, buy the company report.
Board of directors of Bhaskar Industries Private Limited
Bhaskar Industries has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shishir Kumar Shukla Also directs: Bhaskar Savitt Industries Private Limited | Director | 30 Nov 2023 | 2 Years 11 Months | Current |
| Pawan Agarwal | Director | 06 Sep 2011 | 15 Years 2 Months | Current |
| Girish Agarwal | Director | 15 Jun 1992 | 34 Years 4 Months | Current |
| Rajnish Tripathi Also directs: Bhaskar Savitt Industries Private Limited, Dolby Builders Private Limited, I Media Corp Limited and 4 more | Director | 01 Nov 2018 | 8 Years 0 Months | Current |
| Sudhir Agarwal | Director | 10 Jun 1994 | 32 Years 5 Months | Current |
Peer comparison
Bhaskar Industries Private Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Denim Wear), 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 |
|---|---|---|---|---|---|---|
| Vishal Fabrics Limited | ₹1,521.43 Cr (FY 2025) | 5.0% | Sanand, Gujarat, India | |||
| Raymond Uco Denim Private Limited | ₹971.21 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Bhaskar Industries Private Limitedthis company | ₹765.44 Cr (FY 2025) | ₹31.22 Cr | 4.1% | 5.0% | 2,077 | Bhopal, Madhya Pradesh, India |
| Shanti Spintex Limited | ₹710.46 Cr (FY 2025) | 40.0% | Ahmedabad, Gujarat, India | |||
| R & B Denims Limited | ₹382.88 Cr (FY 2025) | 9.0% | Surat, Gujarat, India | |||
| Super Gold Suitings Private Limited | ₹369.32 Cr (FY 2025) | 27.0% | Bhilwara, Rajasthan, India | |||
| Nova Textiles Private Limited | ₹283.02 Cr (FY 2025) | -39.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Bhaskar Industries Private Limited, buy the company report.
Auditor
Bhaskar Industries Private Limited is audited by Krishna Gupta & Company for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Krishna Gupta & Company | FY 2025 | 000368C |
Shareholding
The shareholding of Bhaskar Industries Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhaskar Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹202 Cr
Satisfied charges
₹1,500.54 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101143871 | Sbicap Trustee Company Limited | ₹24 Cr | Open | |
| 29 Jun 2021 | 100457258 | Sbicap Trustee Company Limited | ₹178 Cr | Open | |
| 01 Jul 2024 | 100961607 | Axis Bank Limited | ₹31.37 Cr | Satisfied | |
| 06 Mar 2020 | 100333994 | State Bank of India | ₹80 Cr | Satisfied | |
| 25 Jan 2017 | 100096887 | Others | ₹167.5 Cr | Satisfied |
To see the full charge records of Bhaskar Industries Private Limited, buy the company report.
Total charge records: 38 View all charges
Legal cases
Bhaskar Industries Private Limited has 59 court cases on record: 34 filed by Bhaskar Industries, 25 filed against it. 3 cases are pending and 56 are disposed.
Total cases
59
Filed by the company
34
Filed against the company
25
Pending
3
Disposed
56
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 20 | 1 |
| District courts | 9 | 4 | 2 |
| Supreme Court | 5 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Court case (CRR) | Filed by the company against Bhiwani Denim and Apparels Ltd. | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (RCT) | Filed by the company against M/S Bhiwani Denim and Apparels Ltd. and 12 others | Disposed |
| High Court of Madhya Pradesh | Court case (MCRC) | Filed against the company by M/S Bhiwani Denim & Apparels Ltd.& Anr. | Disposed |
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed by the company against M/S. Bhiwani Denim & Apparels Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by A One Steel and Alloys Pvt. Ltd., | Pending |
To see the full case history of Bhaskar Industries 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
Bhaskar Industries Private Limited was last rated by Brickwork on 09 Feb 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Feb 2017 |
To see the full credit ratings and regulatory alerts of Bhaskar Industries Private Limited, buy the company report.
MSME payment delays
Bhaskar Industries Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 134 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Bhaskar Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Bhaskar Industries has 2 associated companies. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
2
Associated companies
Employees & EPFO
Bhaskar Industries Private Limited has a workforce of 2,077 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
2,077
Active EPFO establishments
1
Employee growth
-0.34%
GST
Bhaskar Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACB5809M1ZP | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhaskar Industries Private Limited, buy the company report.
Recent activity
Bhaskar Industries Private Limited has 19 board changes on record since 1992: 5 appointments and 14 cessations. The latest: Shishir Kumar Shukla ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 178.00 Cr registered on 29 Jun 2021 with Charge ID 100457258 was modified on 09 Jan 2026.
Charges
A charge registered on 01 Jul 2024 via Charge ID 100961607 with Axis Bank Limited was fully satisfied on 29 Oct 2025.
AGM
Bhaskar Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 24.00 Cr registered on 21 Aug 2025 with Charge ID 101143871 was modified on 25 Aug 2025.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 24.00 Cr with Charge ID 101143871 was registered on 21 Aug 2025.
Filing
Bhaskar Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Shishir Kumar Shukla ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 31.37 Cr with Charge ID 100961607 was registered on 01 Jul 2024.
Appointed
Shishir Kumar Shukla was appointed as Director.
Charges
A charge registered on 06 Mar 2020 via Charge ID 100333994 with State Bank Of India was fully satisfied on 31 Aug 2021.
Charges
A charge registered on 14 Oct 2011 via Charge ID 10316057 with State Bank Of India was fully satisfied on 31 Aug 2021.
Charges
A charge registered on 22 Mar 2003 via Charge ID 90204014 with State Bank Of India was fully satisfied on 31 Aug 2021.
110 earlier events are in the company report.
Frequently asked questions
Bhaskar Industries is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in denim and casual wear, within the fashion and textile industry. It was incorporated on 18 November 1985 (41+ years old) and is registered under CIN U67120MP1985PTC003145.
Bhaskar Industries has 5 current directors:
- Shishir Kumar Shukla - Director
- Pawan Agarwal - Director
- Girish Agarwal - Director
- Rajnish Tripathi - Director
- Sudhir Agarwal - Director
The latest financial statements of Bhaskar Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhaskar Industries is 23AAACB5809M1ZP, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Bhaskar Industries is U67120MP1985PTC003145. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhaskar Industries has 59 court cases on record: 34 filed by the company and 25 filed against it. 3 are pending. Most are in the high courts.
Bhaskar Industries was incorporated on 18 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Bhaskar Industries by revenue are Vishal Fabrics Limited, Raymond Uco Denim Private Limited, Shanti Spintex Limited, R & B Denims Limited, Super Gold Suitings Private Limited and 1 more, all in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products).
Shishir Kumar Shukla ceased to be Additional Director on 29 Sep 2024. Shishir Kumar Shukla was appointed as Director on 30 Nov 2023. Rajnish Tripathi ceased to be Additional Director on 28 Sep 2019. Bhaskar Industries has 19 board changes on record in total.
Bhaskar Industries has 9 MSME Form 1 returns on record between 2019 and 2024, listing 134 overdue payments to 41 micro and small suppliers. The latest return was filed on 11 Jan 2024.
Bhaskar Industries can be reached through the website bhaskarindustries.com. Its registered office is in Bhopal, Madhya Pradesh, India.
The registered office of Bhaskar Industries is at 6 Dwarka Sadan Press Complex M.P. Nagar, Bhopal, Madhya Pradesh, India – 462011.
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