MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-09-0000320
Brightway Gloves Private Limited - healthcare in Thovala, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.48 Lakh
▼ 100% YoY
Net loss · FY 2025
₹1.04 Cr
Latest filing
EBITDA · FY 2025
-₹6.96 Lakh
EBITDA margin -469.8%
Authorised capital
₹54 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹6.91 Cr
Satisfied ₹17.38 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
66
Provident fund records
About Brightway Gloves Private Limited
Data last updated:
Brightway Gloves Private Limited is a private limited company based in Thovala, Tamil Nadu, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 20 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24236TN2001PTC046664. Its GSTIN is 33AABCB5677L1ZF (Tamil Nadu).
The company has an authorised share capital of ₹54 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Varun Kumaraswamy (Managing Director) and Rajan Thangappan Pillai.
Its last annual general meeting (AGM) was held on 10 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6/30 Sahaya Nagar, Vellamadam Thovalai P.O, Tamil Nadu, India – 629302.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.48 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.04 Cr and EBITDA of -₹6.96 Lakh (EBITDA margin -469.8%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 74% over five years.
The company has about 66 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Brightwaygloves. As per MCA filings, the company has open charges of ₹6.91 Cr and satisfied charges of ₹17.38 Cr on record.
Brightway Gloves Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-09-0000320). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brightwaygloves.com.
Company details
CIN U24236TN2001PTC046664
Registration Number 046664
Incorporation Date 20 February 2001
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-09-0000320
Key People
Varun Kumaraswamy Managing Director Rajan Thangappan Pillai Director Gandhi Sivam Mylerumperumal Pillai Additional Director Recognitions & Rankings of Brightway Gloves
Contact details
Brightway Gloves Private Limited's registered office is in Thovala, Tamil Nadu. Its website is brightwaygloves.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6/30 Sahaya Nagar, Vellamadam Thovalai P.O, Tamil Nadu, India – 629302
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Brightway Gloves Private Limited, buy the company report.
Comprehensive company report
Brightway Gloves 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
Brightway Gloves operates one associated brand: Brightwaygloves. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces latex, nitrile, and industrial gloves for various applications. | brightwaygloves.com |
Business activity
The main business activity of Brightway Gloves is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Brightway Gloves Private Limited, buy the company report.
Financials of Brightway Gloves Private Limited
FY 2025 filings availableBrightway Gloves Private Limited reported revenue of ₹1.48 Lakh (down 100% YoY) for FY 2025.
Revenue · FY 2025
₹1.48 Lakh ▼ 100%
Net loss · FY 2025
₹1.04 Cr
EBITDA · FY 2025
-₹6.96 Lakh margin -469.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 92%
5 years · compounded
▼ 74%
EBITDA CAGR growth
1 year
▼ 104%
3 years · compounded
▼ 27%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years. EBITDA fell 104% 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 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -469.8% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Brightway Gloves Private Limited, buy the company report.
Board of directors of Brightway Gloves Private Limited
Brightway Gloves has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajan Thangappan Pillai | Director | 03 Nov 2022 | 3 Years 11 Months | Current |
| Varun Kumaraswamy Also directs: Mahath Foods Private Limited, Sri Anusham Rubber Industries Private Limited, Mahath Industries Private Limited and 1 more | Managing Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Gandhi Sivam Mylerumperumal Pillai Also directs: Sri Anusham Rubber Industries Private Limited | Additional Director | 01 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Brightway Gloves Private Limited is audited by KRISHNAN RETNA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNAN RETNA & ASSOCIATES | FY 2023 | 001536S |
Shareholding
The shareholding of Brightway Gloves Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Brightway Gloves Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.91 Cr
Satisfied charges
₹17.38 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2022 | 100584718 | Hdfc Bank Limited | ₹6.91 Cr | Satisfied | |
| 28 Sep 2021 | 100492361 | Others | ₹5 Cr | Satisfied | |
| 03 Jun 2020 | 100389171 | Others | ₹1.08 Cr | Satisfied | |
| 30 May 2017 | 100107073 | Others | ₹4.4 Cr | Satisfied |
To see the full charge records of Brightway Gloves Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Brightway Gloves Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Brightway Gloves Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Brightway Gloves Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Brightway Gloves Private Limited has a workforce of 66 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
66
Active EPFO establishments
1
Employee growth
-25%
GST
Brightway Gloves has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCB5677L1ZF | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Brightway Gloves Private Limited, buy the company report.
Recent activity
Brightway Gloves Private Limited has 10 board changes on record since 2020: 3 appointments and 7 cessations. The latest: Gandhi Sivam Mylerumperumal Pillai was appointed as Additional Director on 01 Dec 2025.
Appointed
Gandhi Sivam Mylerumperumal Pillai was appointed as Additional Director.
AGM
Brightway Gloves Private Limited last Annual general meeting of members was held on 10 Nov 2025 as per latest MCA records.
Filing
Brightway Gloves Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 31 May 2022 via Charge ID 100584718 with Hdfc Bank Limited was fully satisfied on 17 Mar 2025.
Ceased
Rajan Thangappan Pillai ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 690.50 Lakh registered on 31 May 2022 with Charge ID 100584718 was modified on 08 Mar 2023.
Ceased
Selvam Krishnannambi ceased to be Director.
Appointed
Rajan Thangappan Pillai was appointed as Director.
Ceased
Paramasivan Ashok ceased to be Director.
Ceased
Paramasivan Selvakumar ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 690.50 Lakh with Charge ID 100584718 was registered on 31 May 2022.
Charges
A charge registered on 28 Sep 2021 via Charge ID 100492361 with Others was fully satisfied on 22 Feb 2022.
10 earlier events are in the company report.
Frequently asked questions
Brightway Gloves is an active private limited company based in Thovala, Tamil Nadu, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 20 February 2001 (25+ years old) and is registered under CIN U24236TN2001PTC046664.
Brightway Gloves has 3 current directors:
- Varun Kumaraswamy - Managing Director
- Rajan Thangappan Pillai - Director
- Gandhi Sivam Mylerumperumal Pillai - Additional Director
The latest financial statements of Brightway Gloves on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Brightway Gloves is 33AABCB5677L1ZF, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Brightway Gloves is U24236TN2001PTC046664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brightway Gloves was incorporated on 20 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
Gandhi Sivam Mylerumperumal Pillai was appointed as Additional Director on 01 Dec 2025. Rajan Thangappan Pillai ceased to be Additional Director on 29 Sep 2023. Selvam Krishnannambi ceased to be Director on 31 Jan 2023. Brightway Gloves has 10 board changes on record in total.
Yes, Brightway Gloves is registered as a small enterprise under Udyam registration (number: UDYAM-TN-09-0000320).
Brightway Gloves has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 31 Oct 2019.
Brightway Gloves can be reached through the website brightwaygloves.com. Its registered office is in Thovala, Tamil Nadu, India.
The registered office of Brightway Gloves is at 630 Sahaya Nagar, Vellamadam Thovalai P.O, Tamil Nadu, India – 629302.
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