About Bombay Rayon Fashions Limited
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Bombay Rayon Fashions Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 21 May 1992.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17120MH1992PLC066880. Its GSTIN is 27AAACM3447J2ZD (Maharashtra). The company holds 10 GST registrations, of which 6 are active. It is recorded as listed by MCA, but trading in its shares on BSE (532678) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹1,100 Cr and a paid-up capital of ₹317.48 Cr. It was formerly known as Mudra Fabrics Pvt.Ltd. It is led by directors including Aman Agrawal (Managing Director) and Suresh Shankar Vishwasrao.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹84.54 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1,320.14 Cr and EBITDA of -₹1,173.97 Cr. Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 27% over five years.
The company has about 65 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: BRFL. As per MCA filings, the company has open charges of ₹24,847 Cr and satisfied charges of ₹12,422 Cr on record. Court records list 353 cases involving the company, including 160 filed by the company and 197 filed against it; 22 cases are pending. The company has 57 deals on record (42 market trades, 13 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹5,114.07 Cr; the latest was in June 2021. Its 4 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 1 smaller; the largest is Amitara Overseas Private Limited with revenue of ₹802.73 Cr. The company has 16 MSME Form 1 returns on record between 2009 and 2019, listing 398 overdue payments to 183 micro and small suppliers.
The last known website on record is bombayrayon.com.
Company details
Contact details
Bombay Rayon Fashions Limited's registered office is in Mumbai, Maharashtra. Its website is bombayrayon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice Space Number – 06B123 Wework Raheja Platinum, Sag Baug Road Off Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Bombay Rayon Fashions Limited, buy the company report.
- 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
Brands
Bombay Rayon Fashions operates one associated brand: BRFL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casual and formal apparel for men and women is manufactured. | bombayrayon.com |
Business activity
The main business activity of Bombay Rayon Fashions 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 Bombay Rayon Fashions Limited, buy the company report.
Financials of Bombay Rayon Fashions Limited
FY 2022 filings availableBombay Rayon Fashions Limited reported revenue of ₹84.54 Cr (up 571% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 571% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 27%. EBITDA fell 413% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹84.54 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1,173.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,320.14 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Bombay Rayon Fashions Limited, buy the company report.
Board of directors of Bombay Rayon Fashions Limited
Bombay Rayon Fashions has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Shankar Vishwasrao | Director | 31 Mar 2009 | 17 Years 7 Months | As last reported |
| Prashant Janardan Agrawal Also directs: Sti India Limited, Scotts Plantations Private Limited, Gfi Infrastructure Development Private Limited and 5 more | Director | 01 Jun 2010 | 16 Years 5 Months | As last reported |
| John Mathew | Director | 22 May 2015 | 11 Years 5 Months | As last reported |
| Aman Agrawal Also directs: Sti India Limited, Bombay Rayon Holdings Limited, Latur Integrated Textile Park Private Limited and 5 more | Managing Director | 31 Jan 2003 | 23 Years 9 Months | As last reported |
Peer comparison
Bombay Rayon Fashions Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Amitara Overseas Private Limited | ₹802.73 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| Surya Lakshmi Cotton Mills Ltd | ₹796.35 Cr (FY 2025) | 1.0% | Secunderabad, Telangana, India | |||
| Jain Cord Industries Private Limited | ₹787.58 Cr (FY 2025) | 46.0% | Gurgaon, Haryana, India | |||
| Premier Fine Linens Private Limited | ₹781.14 Cr (FY 2025) | 42.0% | Coimbatore, Tamil Nadu, India | |||
| Bombay Rayon Fashions Limitedthis company | ₹84.54 Cr (FY 2022) | -₹1,320.14 Cr | 571.0% | 65 | Mumbai, Maharashtra, India |
To see the full peer comparison of Bombay Rayon Fashions Limited, buy the company report.
Auditor
Bombay Rayon Fashions Limited is audited by P.R. Agarwal & Awasthi for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.R. Agarwal & Awasthi | FY 2022 | 117940W |
Shareholding
The shareholding of Bombay Rayon Fashions Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bombay Rayon Fashions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2022 | 100600307 | Others | ₹17 Cr | Open | |
| 27 May 2021 | 100450562 | Others | ₹5,326.68 Cr | Open | |
| 10 Jan 2020 | 100323575 | Others | ₹150 Cr | Open | |
| 23 Sep 2019 | 100298691 | Others | ₹18.5 Cr | Open | |
| 18 Apr 2019 | 100265963 | Others | ₹100 Cr | Open |
To see the full charge records of Bombay Rayon Fashions Limited, buy the company report.
Total charge records: 109 View all charges
Deals & funding
Bombay Rayon Fashions Limited has 57 deals on record (42 market trades, 13 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹5,114.07 Cr; the latest was in June 2021.
Deals on record (5 of 57)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Market trade | ₹1.63 Cr | Seller: Catalyst Trusteeship Limited |
| May 2017 | Funding round | ₹1,623.08 Cr | Investors: State Bank Of India, Axis Bank Limited , Union Bank Of India |
| Jun 2016 | Funding round | ₹783.58 Cr | Investors: State Bank Of India, Axis Bank Limited , State Bank Of Patiala |
| Sep 2011 | Funding round | ₹65.75 Cr | Investors: B R Machine Tools Private Limited |
| May 2011 | Funding round | ₹81.06 Cr | Investors: Reynold Shirting Limited |
To see the full deal history of Bombay Rayon Fashions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bombay Rayon Fashions Limited has 353 court cases on record: 160 filed by Bombay Rayon Fashions, 197 filed against it. 22 cases are pending and 331 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 197 | 126 | 14 |
| High courts | 132 | 51 | 7 |
| NCLT | 19 | 17 | 0 |
| Supreme Court | 5 | 3 | 1 |
Cases on record (5 of 353)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Replica Xerography Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Yuvak Fine Fab Ltd and Others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Shree Maruti Courier Services Pvt. Ltd. | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Truvisory Insolvency Professionals Private Limited Liquidator of Bombay Rayon Fashions Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (ESI) | Filed by the company against M/S. Armstrong International Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Bombay Rayon Fashions 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.
MSME payment delays
Bombay Rayon Fashions Limited has 16 MSME Form 1 returns on record between 2009 and 2019, listing 398 overdue payments to 183 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 183)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Advanced Industrial Solutions Private Limited |
To see the full MSME payment records of Bombay Rayon Fashions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Bombay Rayon Fashions has 3 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sti India Limited | L27105MP1984PLC002521 | |
| Bombay Rayon Holdings Limited | U17291MH2007PLC168067 | |
| RFL Textiles Private Limited | U17299MH2020PTC344130 |
To see the full group structure of Bombay Rayon Fashions Limited, buy the company report.
Employees & EPFO
Bombay Rayon Fashions Limited has a workforce of 65 employees on its EPFO records as of May 2026, across 19 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 65 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 | |
| FY 2009-10 |
To see the full employee and EPFO history of Bombay Rayon Fashions Limited, buy the company report.
GST
Bombay Rayon Fashions has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3447J2ZD | Maharashtra | Active | 29 Jul 2017 |
| 27AAACM3447J3ZC | Maharashtra | Active | 07 Jun 2022 |
| 23AAACM3447J1ZM | Madhya Pradesh | Active | 01 Jul 2017 |
| 32AAACM3447J1ZN | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bombay Rayon Fashions Limited, buy the company report.
Recent activity
Bombay Rayon Fashions Limited has 40 board changes on record since 1992: 22 appointments and 18 cessations. The latest: Prachi Amit Deshpande ceased to be Company Secretary on 21 Aug 2023.
262 earlier events are in the company report.
News
Frequently asked questions
Bombay Rayon Fashions is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Bombay Rayon Fashions is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 21 May 1992 and is registered under CIN L17120MH1992PLC066880. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bombay Rayon Fashions has 4 current directors:
- Aman Agrawal - Managing Director
- Suresh Shankar Vishwasrao - Director
- Prashant Janardan Agrawal - Director
- John Mathew - Director
The latest financial statements of Bombay Rayon Fashions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bombay Rayon Fashions is L17120MH1992PLC066880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bombay Rayon Fashions is recorded as a listed company by MCA, but trading in its shares on BSE (532678) has been suspended, so they do not currently trade on a stock exchange.
Bombay Rayon Fashions has open charges of ₹24,847 Cr and satisfied charges of ₹12,422 Cr as per latest MCA filings.
Bombay Rayon Fashions has 353 court cases on record: 160 filed by the company and 197 filed against it. 22 are pending. Most are in the district courts.
Bombay Rayon Fashions was incorporated on 21 May 1992. It is registered with the Registrar of Companies, Mumbai.
Bombay Rayon Fashions has 57 deals on record (42 market trades, 13 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹5,114.07 Cr; the latest was in June 2021.
The peers of Bombay Rayon Fashions by revenue are Amitara Overseas Private Limited, Surya Lakshmi Cotton Mills Ltd, Jain Cord Industries Private Limited, Premier Fine Linens Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Prachi Amit Deshpande ceased to be Company Secretary on 21 Aug 2023. Asharam Mundra ceased to be CFO on 31 Dec 2021. Vishal Kiran Sharma ceased to be Director on 16 Oct 2021. Bombay Rayon Fashions has 40 board changes on record in total.
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