Cannon Industries Private Limited
About Cannon Industries Private Limited
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Cannon Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 22 February 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28991MH1973PTC016334. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹2.78 Cr. It is led by directors including Geeta Goyal and Rakesh Kumar Goyal.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 109 Churchgate Chambers 5 New Marine Lines, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2020, the company reported a revenue of ₹84.06 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Lakh (net margin 0%) and EBITDA of ₹7.97 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 17% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹14.02 Cr on record. Court records list 43 cases involving the company, including 22 filed by the company and 21 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Cannon Industries Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address109 Churchgate Chambers 5 New Marine Lines, Mumbai, Maharashtra, India – 400020
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Cannon Industries Private 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
Business activity
The main business activity of Cannon 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 Cannon Industries Private Limited, buy the company report.
Financials of Cannon Industries Private Limited
FY 2020 filings availableCannon Industries Private Limited reported revenue of ₹84.06 Cr (down 34% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 29% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹84.06 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.17 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Cannon Industries Private Limited, buy the company report.
Board of directors of Cannon Industries Private Limited
Cannon Industries has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeta Goyal Also directs: Kwality Overseas Private Limited, Opes Chem Corp Private Limited, Chand Goyal School Foundation and 1 more | Director | 25 Aug 2000 | 26 Years 2 Months | Current |
| Rakesh Kumar Goyal | Director | 21 May 1983 | 43 Years 5 Months | Current |
| Kanav Goyal Also directs: Kwality Overseas Private Limited, Opes Chem Corp Private Limited, Chand Goyal School Foundation and 5 more | Additional Director | 15 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Cannon Industries Private Limited is compared with the 5 companies closest to it by revenue in the Apparel industry (Branded 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 |
|---|---|---|---|---|---|---|
| Bafna Clothing Company Private Limited | ₹89.94 Cr (FY 2025) | -7.0% | Bangalore, Karnataka, India | |||
| Hylex Fashion Private Limited | ₹88.51 Cr (FY 2025) | -4.0% | Tirupur, Tamil Nadu, India | |||
| Cannon Industries Private Limitedthis company | ₹84.06 Cr (FY 2020) | ₹1.17 Lakh | 0% | -34.0% | 5 | Mumbai, Maharashtra, India |
| Jayashima Enterprises India Private Limited | ₹79.67 Cr (FY 2025) | 116.0% | Tiruppur, Tamil Nadu, India | |||
| Wrecker Jeans & Casuals Private Limited | ₹79.46 Cr (FY 2025) | 12.0% | Delhi, India | |||
| Shingora Textiles Private Limited | ₹79.04 Cr (FY 2025) | 15.0% | Doraha, Punjab, India |
To see the full peer comparison of Cannon Industries Private Limited, buy the company report.
Auditor
Cannon Industries Private Limited is audited by S KARAN SHARMA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S KARAN SHARMA & CO | FY 2020 | 006890N |
Shareholding
The shareholding of Cannon Industries Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cannon Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jul 2003 | 90238442 | Bank of Baroda | ₹13.97 Cr | Satisfied | |
| 18 Mar 1998 | 90160946 | Bank of Baroda | ₹5 Lakh | Satisfied |
To see the full charge records of Cannon Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Cannon Industries Private Limited has 43 court cases on record: 22 filed by Cannon Industries, 21 filed against it. 9 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 6 | 1 |
| District courts | 14 | 14 | 7 |
| Supreme Court | 4 | 1 | 1 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Execution petition | Filed against the company by Hazoorilal and Sons Jewellers Private Limited | Pending |
| District court, South, Delhi | Revision petition | Filed against the company by Hazoorilal and Sons Jewellers Private Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hazoorilal and Sons Jewellers Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by G4s Secure Solutions India Private Limited | Pending |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against Hazoorilal and Sons Jewellers Private Limited | Disposed |
To see the full case history of Cannon 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cannon Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cannon Industries Private Limited has a workforce of 5 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Cannon Industries has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cannon Industries Private Limited, buy the company report.
Recent activity
Cannon Industries Private Limited has 7 board changes on record since 1973: 5 appointments and 2 cessations. The latest: Kanav Goyal was appointed as Additional Director on 15 Feb 2024.
4 earlier events are in the company report.
Frequently asked questions
Cannon Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 22 February 1973 (53+ years old) and is registered under CIN U28991MH1973PTC016334.
Cannon Industries has 3 current directors:
- Geeta Goyal - Director
- Rakesh Kumar Goyal - Director
- Kanav Goyal - Additional Director
The latest financial statements of Cannon Industries on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Cannon Industries has 4 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Cannon Industries is U28991MH1973PTC016334. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cannon Industries has 43 court cases on record: 22 filed by the company and 21 filed against it. 9 are pending. Most are in the high courts.
Cannon Industries was incorporated on 22 February 1973, making it 53+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Cannon Industries by revenue are Bafna Clothing Company Private Limited, Hylex Fashion Private Limited, Jayashima Enterprises India Private Limited, Wrecker Jeans & Casuals Private Limited, Shingora Textiles Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Kanav Goyal was appointed as Additional Director on 15 Feb 2024. Rajat Goyal ceased to be Director on 01 Oct 2011. Satparkash Jagat Goyal ceased to be Director on 01 Oct 2011. Cannon Industries has 7 board changes on record in total.
The registered office of Cannon Industries is at 109 Churchgate Chambers 5 New Marine Lines, Mumbai, Maharashtra, India – 400020.
Cannon Industries operates in the fashion and textile industry, in the designer and branded fashion segment.