Chirag Handloom Private Limited
About Chirag Handloom Private Limited
Data last updated:
Chirag Handloom Private Limited is a private limited company based in Bhiwandi, Maharashtra, India, recognised as a startup by DPIIT. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 06 September 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2000PTC128567. Its GSTIN is 27AABCC8093K1Z9 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45.4 Lakh. It is led by directors including Chirag Ramesh Chheda and Rukshmani Vasanji Chheda.
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 Building No F – 6 107/108 Bhumi World Mumbai Nashik Highway Pimplas, Bhiwandi, Maharashtra, India – 421302.
As per the financials filed for FY 2024, the company reported a revenue of ₹84.43 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹1.66 Lakh (net margin 2%) and EBITDA of ₹2.49 Lakh (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 42% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressBuilding No F – 6 107/108 Bhumi World Mumbai Nashik Highway Pimplas, Bhiwandi, Maharashtra, India – 421302
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Chirag Handloom Private Limited
The main business activity of Chirag Handloom is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Chirag Handloom Private Limited FY 2024 filings available
Chirag Handloom Private Limited reported revenue of ₹84.43 Lakh (down 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Chirag Handloom Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 51% fall in the latest year. EBITDA fell 52% 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 of Chirag Handloom Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.49 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.66 Lakh | •••• | •••• | •••• | •••• |
| 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 of Chirag Handloom Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Chirag Handloom are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Chirag Handloom Private Limited
Chirag Handloom Private Limited is audited by YOGESH SOVANI & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| YOGESH SOVANI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Chirag Handloom Private Limited
Chirag Handloom has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Ramesh Chheda | Director | 05 Dec 2012 | 13 Years 10 Months | Current |
| Rukshmani Vasanji Chheda | Director | 06 Sep 2000 | 26 Years 1 Months | Current |
| Rameshkumar Vasanji Chheda | Additional Director | 05 Mar 2025 | 1 Years 7 Months | Current |
| Bharati Ramesh Chheda | Director | 06 Sep 2000 | 26 Years 1 Months | Current |
| Akansha Chirag Chheda Also directs: Glaze Apparels LLP | Additional Director | 05 Mar 2025 | 1 Years 7 Months | Current |
| Rohit Vasanji Chheda Also directs: Glaze Apparels LLP | Additional Director | 05 Mar 2025 | 1 Years 7 Months | Current |
Ownership and Shareholding of Chirag Handloom Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Chirag Handloom Private Limited
Chirag Handloom Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Chirag Handloom Private Limited
Employment history and EPFO contributions of people linked to Chirag Handloom.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Chirag Handloom Private Limited
Chirag Handloom Private Limited has 9 board changes on record since 2000: 6 appointments and 3 cessations. The latest: Akansha Chirag Chheda was appointed as Additional Director on 05 Mar 2025.
Credit Ratings, Litigation & Regulatory Alerts for Chirag Handloom Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Chirag Handloom Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Chirag Handloom Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Chirag Handloom Private Limited
Chirag Handloom has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC8093K1Z9 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Chirag Handloom Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Chirag Handloom Private Limited
Chirag Handloom is an active private limited company based in Bhiwandi, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 06 September 2000 (26+ years old) and is registered under CIN U51909MH2000PTC128567.
Chirag Handloom reported revenue of ₹84.43 Lakh for FY 2024 (down 51% YoY).
Chirag Handloom has 6 current directors:
- Chirag Ramesh Chheda - Director
- Rukshmani Vasanji Chheda - Director
- Rameshkumar Vasanji Chheda - Additional Director
- Bharati Ramesh Chheda - Director
- Akansha Chirag Chheda - Additional Director
- Rohit Vasanji Chheda - Additional Director
Chirag Handloom reported a net profit of ₹1.66 Lakh (net margin 2%) and EBITDA of ₹2.49 Lakh (EBITDA margin 3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Chirag Handloom is -10% over three years and -42% over five years. In the latest year (FY 2024) revenue fell 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Chirag Handloom is 27AABCC8093K1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Chirag Handloom is U51909MH2000PTC128567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chirag Handloom was incorporated on 06 September 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Akansha Chirag Chheda was appointed as Additional Director on 05 Mar 2025. Rameshkumar Vasanji Chheda was appointed as Additional Director on 05 Mar 2025. Rohit Vasanji Chheda was appointed as Additional Director on 05 Mar 2025. Chirag Handloom has 9 board changes on record in total.
Yes, Chirag Handloom is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).