India's Richest People 2026 edition · 1 director · Source: Hurun India
- #974 Jyotiprasad Chiripal & family ₹2,900 Cr
Market Cap
₹352 Cr
NDL · NSE
Share Price
₹2.49
+2.05% today
Revenue
₹2,872 Cr
FY 2025-26 · -19.0% YoY
EBITDA
₹89.92 Cr
Margin 3.1%
Net Profit
₹33.12 Cr
FY 2025-26 · -1.1% YoY
P/E (TTM)
9.7x
P/B 0.5x
Authorised capital
₹150 Cr
Registered with MCA
Paid-up capital
₹144.15 Cr
Issued & subscribed
About Nandan Denim Limited
Data last updated:
Nandan Denim Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the denim and casual wear segment of the fashion and textiles sector. It was incorporated on 09 August 1994 and has been in existence for over 32 years.
Its director Jyotiprasad Chiripal and family are #974 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51909GJ1994PLC022719. Its GSTIN is 24AAACN5327L1ZG (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 532641 and NSE: NDL.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹144.15 Cr. It was formerly known as Nandan Exim Limited and Nandan Exim Private Limited. It is led by directors including Jyotiprasad Devkinandan Chiripal (Managing Director) and Shaktidan Jayendrasingh Gadhavi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No 198/1 203/2 Saijpur Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,871.87 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹33.12 Cr (net margin 1.2%) and EBITDA of ₹89.92 Cr (EBITDA margin 3.1%). The net worth stands at ₹651.19 Cr (up 5.2% YoY). Total assets are valued at ₹772.7 Cr (down 11.8% YoY).
The company has about 1,259 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Nandan Denim and Chiripal Group. As per MCA filings, the company has open charges of ₹630.67 Cr and satisfied charges of ₹1,115.69 Cr on record. Court records list 291 cases involving the company, including 119 filed by the company and 172 filed against it; 70 cases are pending. The company has 184 deals on record (181 market trades, 3 funding rounds), with disclosed funding of ₹112.55 Cr; the latest was in September 2024. Its 6 peer companies in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 5 smaller; the largest is Arvind Limited with revenue of ₹8,394 Cr. The company has 7 MSME Form 1 returns on record between 2020 and 2023, listing 20 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiripalgroup.com.
Company details
CIN L51909GJ1994PLC022719
Registration Number 022719
Incorporation Date 09 August 1994
ROC Ahmedabad
Listing Status Listed - Listed on NSE (NDL); Listed on BSE (532641)
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Nandan Denim has undergone 2 name changes throughout its history. The company was previously known as Nandan Exim Limited, and Nandan Exim Private Limited. The current legal name is Nandan Denim Limited.
| Company Name | Status |
|---|---|
| Nandan Denim Limited | Current |
| Nandan Exim Limited | Previous |
| Nandan Exim Private Limited | Previous |
Key People
Jyotiprasad Devkinandan Chiripal Managing Director Shaktidan Jayendrasingh Gadhavi Whole-Time Director Rahul Mehta Narendra Director Recognitions & Rankings of Nandan Denim
Contact details
Nandan Denim Limited's registered office is in Ahmedabad, Gujarat. Its website is chiripalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No 198/1 203/2 Saijpur Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405
- IndustryFashion and Textile, Denim & Casual Wear
To see the full contact details of Nandan Denim Limited, buy the company report.
Comprehensive company report
Nandan Denim 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
Nandan Denim operates two associated brands: Nandan Denim and Chiripal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Denims are manufactured and supplied by Nandan Denim. | nandandenim.com | |
| Multiple industries are operated by the diversified Chiripal Group. | chiripalgroup.com |
Business activity
The main business activity of Nandan Denim 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 Nandan Denim Limited, buy the company report.
Financials of Nandan Denim Limited
FY 2025-26 filings availableNandan Denim Limited reported revenue of ₹2,871.87 Cr (down 19% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹2,872 Cr
-19.0% YoY
EBITDA
₹89.92 Cr
-29.9% YoY
Profit After Tax
₹33.12 Cr
-1.1% YoY
Net Worth
₹651 Cr
+5.2% YoY
Total Assets
₹773 Cr
-11.8% YoY
Total Debt
₹118 Cr
-52.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,872 | 3,547 | 2,010 | 2,027 | 2,176 | 1,090 | 1,524 |
| Revenue growth | -19.0% | +76.4% | -0.8% | -6.8% | +99.6% | -28.5% | - |
| EBITDA | 89.92 | 128 | 118 | 84.10 | 160 | 65.75 | 99.09 |
| EBITDA margin | +3.1% | +3.6% | +5.9% | +4.2% | +7.4% | +6.0% | +6.5% |
| Profit before tax | 42.25 | 45.89 | 65.07 | 5.15 | 92.15 | (31.37) | (7.28) |
| Net profit | 33.12 | 33.48 | 43.32 | 0.07 | 67.00 | (2.52) | 3.98 |
| Net profit margin | +1.2% | +0.9% | +2.2% | 0.0% | +3.1% | -0.2% | +0.3% |
| EPS (₹) | 0.23 | 0.23 | 3.12 | 0.04 | 4.70 | (3.90) | (0.12) |
| Balance sheet | |||||||
| Total assets | 773 | 876 | 927 | 1,010 | 1,103 | 1,029 | 1,012 |
| Net worth | 651 | 619 | 585 | 540 | 539 | 471 | 490 |
| Total debt | 118 | 249 | 330 | 465 | 558 | 552 | 522 |
| Cash & bank | 23.70 | 26.27 | 55.92 | 27.57 | 45.59 | 30.32 | 26.04 |
| Net working capital | 402 | 447 | 443 | 478 | 546 | 512 | 436 |
| Cash flow | |||||||
| Cash from operations | 144 | 95.07 | 230 | 141 | 101 | 34.95 | 155 |
| Cash from investing | 5.78 | 9.56 | (49.77) | (21.08) | (55.43) | (24.13) | (18.08) |
| Cash from financing | (149) | (117) | (168) | (145) | (34.25) | (9.44) | (124) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 622 | 540 | 500 | 785 | 1,048 | 1,049 | 926 | 850 |
| Revenue growth (YoY) | -40.6% | -48.5% | -46.1% | -7.7% | +45.2% | - | - | - |
| Other income | 2.43 | 9.39 | 1.45 | 1.83 | 1.54 | 1.62 | 1.85 | 1.92 |
| Total expenses | 598 | 527 | 478 | 761 | 1,015 | 1,014 | 897 | 818 |
| EBITDA | 24.38 | 13.03 | 21.05 | 23.44 | 32.41 | 34.39 | 29.01 | 32.54 |
| EBITDA margin | +3.9% | +2.4% | +4.2% | +3.0% | +3.1% | +3.3% | +3.1% | +3.8% |
| Depreciation | 11.63 | 10.90 | 11.65 | 10.05 | 11.61 | 12.41 | 13.62 | 13.60 |
| Interest | 4.86 | (3.50) | 6.74 | 6.90 | 7.52 | 9.07 | 8.62 | 9.46 |
| Profit before tax | 10.32 | 15.02 | 4.11 | 8.32 | 14.82 | 14.53 | 8.62 | 11.40 |
| Tax | (4.48) | 5.51 | 1.13 | (1.13) | 3.62 | 3.90 | 2.05 | 2.63 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 622 | 540 | 500 | 785 | 1,048 | 1,049 | 926 | 850 |
| Revenue growth (YoY) | -40.6% | -48.5% | -46.1% | -7.7% | +45.2% | - | - | - |
| Other income | 2.43 | 9.39 | 1.45 | 1.83 | 1.54 | 1.62 | 1.85 | 1.92 |
| Total expenses | 598 | 527 | 478 | 761 | 1,015 | 1,014 | 897 | 818 |
| EBITDA | 24.38 | 13.03 | 21.05 | 23.44 | 32.41 | 34.39 | 29.01 | 32.54 |
| EBITDA margin | +3.9% | +2.4% | +4.2% | +3.0% | +3.1% | +3.3% | +3.1% | +3.8% |
| Depreciation | 11.63 | 10.90 | 11.65 | 10.05 | 11.61 | 12.41 | 13.62 | 13.60 |
| Interest | 4.86 | (3.50) | 6.74 | 6.90 | 7.52 | 9.07 | 8.62 | 9.46 |
| Profit before tax | 10.32 | 15.02 | 4.11 | 8.32 | 14.82 | 14.53 | 8.62 | 11.40 |
| Tax | (4.48) | 5.51 | 1.13 | (1.13) | 3.62 | 3.90 | 2.05 | 2.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,872 | 3,547 | 2,010 | 2,027 | 2,176 | 1,090 | 1,524 |
| Revenue growth | -19.0% | +76.4% | -0.8% | -6.8% | +99.6% | -28.5% | - |
| Other income | 14.20 | 7.63 | 34.59 | 11.62 | 18.61 | 23.52 | 24.37 |
| Total expenses | 2,782 | 3,418 | 1,892 | 1,943 | 2,015 | 1,024 | 1,425 |
| Employee cost | 0.00 | 87.81 | 74.23 | 74.11 | 80.57 | 51.00 | 79.28 |
| EBITDA | 89.92 | 128 | 118 | 84.10 | 160 | 65.75 | 99.09 |
| EBITDA margin | +3.1% | +3.6% | +5.9% | +4.2% | +7.4% | +6.0% | +6.5% |
| Depreciation | 44.21 | 53.21 | 40.56 | 37.19 | 44.51 | 78.38 | 87.70 |
| Interest | 17.66 | 36.74 | 47.23 | 53.38 | 42.06 | 42.26 | 43.04 |
| Profit before tax | 42.25 | 45.89 | 65.07 | 5.15 | 92.15 | (31.37) | (7.28) |
| Tax | 9.13 | 12.40 | 20.16 | 4.62 | 24.45 | (12.66) | (6.69) |
| Net profit | 33.12 | 33.48 | 43.32 | 0.07 | 67.00 | (2.52) | 3.98 |
| Net profit margin | +1.2% | +0.9% | +2.2% | 0.0% | +3.1% | -0.2% | +0.3% |
| EPS (₹) | 0.23 | 0.23 | 3.12 | 0.04 | 4.70 | (3.90) | (0.12) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 144 | 144 | 144 | 144 | 144 | 48.05 | 48.05 |
| Reserves & surplus | 507 | 475 | 441 | 396 | 395 | 423 | 442 |
| Shareholders' funds (net worth) | 651 | 619 | 585 | 540 | 539 | 471 | 490 |
| Secured loans | 81.62 | 217 | 301 | 446 | 523 | 552 | 522 |
| Unsecured loans | 35.92 | 32.09 | 28.67 | 19.20 | 35.20 | 0.00 | 0.00 |
| Total debt | 118 | 249 | 330 | 465 | 558 | 552 | 522 |
| Total liabilities | 773 | 876 | 927 | 1,010 | 1,103 | 1,029 | 1,012 |
| Assets | |||||||
| Gross block | 1,038 | 1,033 | 1,029 | 1,017 | 996 | 931 | 970 |
| Net block | 421 | 459 | 508 | 534 | 544 | 503 | 584 |
| Capital work in progress | 1.11 | 0.71 | 0.71 | 5.14 | 0.34 | 2.08 | 0.00 |
| Investments | 1.07 | 0.68 | 0.41 | 0.32 | 0.47 | 0.29 | 1.21 |
| Inventories | 143 | 177 | 168 | 207 | 244 | 205 | 163 |
| Sundry debtors | 377 | 511 | 372 | 353 | 446 | 278 | 319 |
| Cash & bank balances | 23.70 | 26.27 | 55.92 | 27.57 | 45.59 | 30.32 | 26.04 |
| Loans & advances | 59.34 | 84.52 | 67.07 | 132 | 139 | 150 | 112 |
| Total current assets | 603 | 798 | 663 | 720 | 874 | 664 | 621 |
| Total current liabilities | 201 | 351 | 220 | 242 | 328 | 152 | 185 |
| Net working capital | 402 | 447 | 443 | 478 | 546 | 512 | 436 |
| Total assets | 773 | 876 | 927 | 1,010 | 1,103 | 1,029 | 1,012 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.51 | 15.31 | 3.17 | 28.65 | 16.93 | 15.54 | 3.01 |
| Net cash from operating activities | 144 | 95.07 | 230 | 141 | 101 | 34.95 | 155 |
| Net cash from investing activities | 5.78 | 9.56 | (49.77) | (21.08) | (55.43) | (24.13) | (18.08) |
| Net cash from financing activities | (149) | (117) | (168) | (145) | (34.25) | (9.44) | (124) |
| Net change in cash | 1.03 | (12.80) | 12.14 | (25.47) | 11.72 | 1.39 | 12.53 |
| Closing cash | 23.70 | 26.27 | 55.92 | 27.57 | 45.59 | 30.32 | 26.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -19.0% | +76.4% | -0.8% | -6.8% | +99.6% | -28.5% | - |
| EBITDA growth | -29.9% | +8.4% | +40.6% | -47.5% | +143.5% | -33.7% | - |
| PBT growth | -7.9% | -29.5% | +1163.5% | -94.4% | +9998.0% | -330.9% | - |
| Net income growth | -1.1% | -22.7% | - | -99.9% | +2758.7% | -163.3% | - |
| Revenue CAGR (3Y) | +12.3% | +17.7% | +22.6% | +10.0% | +14.3% | -11.8% | +7.7% |
| EBITDA CAGR (3Y) | +2.3% | -7.1% | +21.6% | -5.3% | +2.4% | -33.7% | -19.1% |
| Profitability & leverage | |||||||
| Net income margin | +1.2% | +0.9% | +2.2% | +0.0% | +3.1% | -1.7% | -0.0% |
| Return on capital employed | - | +9.2% | +11.6% | +5.4% | +12.6% | +2.7% | +3.9% |
| Return on net worth | - | +5.6% | +8.0% | +0.0% | +13.4% | -0.5% | +0.8% |
| Debt / equity | - | 0.48 | 0.71 | 0.95 | 1.10 | 1.12 | 1.15 |
| Long-term debt / equity | - | 0.08 | 0.20 | 0.35 | 0.49 | 0.55 | 0.58 |
| Interest cover | 38.63 | 48.99 | 60.78 | 113.79 | 36.38 | -334.60 | 377.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 3.44 | 1.97 | 2.01 | 2.26 | 1.15 | 1.59 |
| Inventory turnover | - | 20.60 | 10.72 | 8.99 | 9.69 | 5.92 | 8.02 |
| Debtors turnover | - | 8.04 | 5.54 | 5.07 | 6.01 | 3.65 | 5.14 |
| EPS (₹) | 0.23 | 0.23 | 3.12 | 0.04 | 4.70 | (3.90) | (0.12) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 4.29 | 40.60 | 37.47 | 37.38 | 98.03 | 102.04 |
To see the full year-wise statements and ratios of Nandan Denim Limited, buy the company report.
Board of directors of Nandan Denim Limited
Nandan Denim has 7 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shaktidan Jayendrasingh Gadhavi | Whole-Time Director | 28 Dec 2020 | 5 Years 9 Months | Current |
| Rahul Mehta Narendra Also directs: Banswara Syntex Ltd, Pearl Global Industries Limited, Creative Vastrado Private Limited and 3 more | Director | 13 Aug 2022 | 4 Years 2 Months | Current |
| Kirit Vaikunthraya Joshi Also directs: PR Ecoenergy Limited | Director | 13 Aug 2022 | 4 Years 2 Months | Current |
| Jyotiprasad Devkinandan Chiripal Also directs: Nandan Chiripal Energy Coporation LLP, Devkinandan Corporation LLP, Solidus Reality LLP and 5 more | Managing Director | 29 May 2017 | 9 Years 4 Months | Current |
| Nalini Nageswaran Also directs: RBM Infracon Limited | Director | 30 May 2023 | 3 Years 4 Months | Current |
| Suresh Chatterjee Also directs: True Green Bio Energy Limited | Director | 06 Aug 2025 | 1 Years 2 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Nandan Denim 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 |
|---|---|---|---|---|---|---|
| Arvind Limited | ₹8,394 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Nandan Denim Limitedthis company | ₹2,871.87 Cr (FY 2026) | ₹33.12 Cr | 1.2% | -19.0% | 1,259 | Ahmedabad, Gujarat, India |
| Jindal Worldwide Limited | ₹2,290.78 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| 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 Limited | ₹765.44 Cr (FY 2025) | 5.0% | Bhopal, Madhya Pradesh, India | |||
| Shanti Spintex Limited | ₹710.46 Cr (FY 2025) | 40.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Nandan Denim Limited, buy the company report.
Auditor
Nandan Denim Limited is audited by J.T. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.T. Shah & Co. | FY 2023 | 109616W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.00%, foreign institutional investors hold 0.60%, domestic institutional investors hold 1.40% and retail and other public shareholders hold 47.00%.
Sep 2026
QUARTER
51.00% Promoters
1.40% DII (Domestic Institutional)
0.60% FII (Foreign Institutional)
47.00% Retail & Others
Promoter holding - history
Now 51.00% · Sep 2026High 51.00% · Dec 2025Low 51.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.00% | 51.00% | 51.00% | 51.00% |
| Public | 49.00% | 49.00% | 49.00% | 49.00% |
Charges & borrowings
Open charges
₹630.67 Cr
Satisfied charges
₹1,115.69 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2023 | 100740606 | Others | ₹3.07 Cr | Open | |
| 31 Mar 2022 | 100564467 | Others | ₹10.5 Cr | Open | |
| 06 May 2004 | 90099828 | Others | ₹308.55 Cr | Open | |
| 06 May 2004 | 90100998 | Others | ₹308.55 Cr | Open | |
| 15 May 2015 | 10575209 | Bank of India | ₹75 Cr | Satisfied |
To see the full charge records of Nandan Denim Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Nandan Denim Limited has 184 deals on record (181 market trades, 3 funding rounds), with disclosed funding of ₹112.55 Cr; the latest was in September 2024.
Total deals
184
Market trades
181
Funding rounds
3
Disclosed funding
₹112.55 Cr
Deals on record (5 of 184)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹5.4 Cr | Seller: Chiripal Exim LLP |
| Sep 2024 | Market trade | ₹5.25 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2024 | Market trade | ₹56.31 Cr | Buyer: Mansi Share And Stock Advisors Pvt Ltd, Hrti Private Limited , Graviton Research Capital LLP , an individual Seller: Hrti Private Limited , Graviton Research Capital LLP , Qe Securities LLP , an individual |
| Sep 2024 | Market trade | ₹41.55 Cr | Buyer: Mansi Share And Stock Advisors Pvt Ltd, Setu Securities Private Limited , Graviton Research Capital LLP Seller: Graviton Research Capital LLP , Mansi Share And Stock Advisors Pvt Ltd, Qe Securities LLP |
| Jul 2024 | Market trade | ₹8.11 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited |
To see the full deal history of Nandan Denim 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
Nandan Denim Limited has 291 court cases on record: 119 filed by Nandan Denim, 172 filed against it. 70 cases are pending and 221 are disposed.
Total cases
291
Filed by the company
119
Filed against the company
172
Pending
70
Disposed
221
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 240 | 131 | 58 |
| High courts | 49 | 40 | 12 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 291)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (EX B) | Filed by the company against Zubra Fashion Private Limited and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed by the company against Zebra Fashion Pvt Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against DMM Creation Private Limited and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Stylophile Apparels Pvt Ltd and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Ankur Clothing Pvt Limited and 3 others | Disposed |
To see the full case history of Nandan Denim 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
Nandan Denim Limited was last rated by Icra on 24 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Jan 2022 |
To see the full credit ratings and regulatory alerts of Nandan Denim Limited, buy the company report.
MSME payment delays
Nandan Denim Limited has 7 MSME Form 1 returns on record between 2020 and 2023, listing 20 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Safe Enterprise | |||
| Universal Sales Corporation | |||
| Jupitar Machinaries | |||
| Ikon Copier Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Nandan Denim Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nandan Denim Limited has a workforce of 1,259 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
1,259
Active EPFO establishments
2
Employee growth
10.63%
GST
Nandan Denim has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACN5327L1ZG | Gujarat | Active | 01 Jul 2017 |
| 37AAACN5327L1Z9 | Andhra Pradesh | Active | 28 Jul 2020 |
To see the full GST registrations and return filing status of Nandan Denim Limited, buy the company report.
Recent activity
Nandan Denim Limited has 51 board changes on record since 2003: 30 appointments and 21 cessations. The latest: Giraj Mohan Sharma ceased to be Director on 28 Sep 2025.
Filing
Nandan Denim Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 308.55 Cr registered on 06 May 2004 with Charge ID 90099828 was modified on 17 Mar 2026.
Charges
A charge with Others of Rs. 308.55 Cr registered on 06 May 2004 with Charge ID 90100998 was modified on 17 Mar 2026.
Ceased
Giraj Mohan Sharma ceased to be Director.
AGM
Nandan Denim Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Appointed
Ambalal Chhitabhai Patel was appointed as Director.
Appointed
Suresh Chatterjee was appointed as Director.
Charges
A charge registered on 04 Sep 2006 via Charge ID 10022083 with State Bank Of India was fully satisfied on 11 Feb 2025.
Ceased
Renuka Anjanikumar Upadhyay ceased to be Company Secretary.
Appointed
Suresh Chand Maheshwari was appointed as CFO.
Charges
A charge with Others amounted to Rs. 3.07 Cr with Charge ID 100740606 was registered on 22 Jun 2023.
Appointed
Nalini Nageswaran was appointed as Director.
103 earlier events are in the company report.
News
Frequently asked questions
Nandan Denim is an active public limited company based in Ahmedabad, Gujarat, India. The company works in denim and casual wear, within the fashion and textile industry. It was incorporated on 09 August 1994 (32+ years old) and is registered under CIN L51909GJ1994PLC022719. Listed on BSE: 532641 and NSE: NDL.
Nandan Denim reported revenue of ₹2,871.87 Cr for FY 2025-26 (down 19% YoY) based on standalone financials.
Nandan Denim has 7 current directors:
- Jyotiprasad Devkinandan Chiripal - Managing Director
- Shaktidan Jayendrasingh Gadhavi - Whole-Time Director
- Rahul Mehta Narendra - Director
- Kirit Vaikunthraya Joshi - Director
- Nalini Nageswaran - Director
- Suresh Chatterjee - Director
- Ambalal Chhitabhai Patel - Director
The latest financial statements of Nandan Denim on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nandan Denim is 24AAACN5327L1ZG, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAACN5327L1Z9 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Nandan Denim is L51909GJ1994PLC022719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Nandan Denim is a listed company as per MCA records. Its shares are listed on both BSE (code: 532641) and NSE (symbol: NDL).
Nandan Denim has 291 court cases on record: 119 filed by the company and 172 filed against it. 70 are pending. Most are in the district courts.
Nandan Denim was incorporated on 09 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nandan Denim has 184 deals on record (181 market trades, 3 funding rounds), with disclosed funding of ₹112.55 Cr; the latest was in September 2024.
The peers of Nandan Denim by revenue are Arvind Limited, Jindal Worldwide Limited, Vishal Fabrics Limited, Raymond Uco Denim Private Limited, Bhaskar Industries Private Limited and 1 more, all in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products).
Giraj Mohan Sharma ceased to be Director on 28 Sep 2025. Ambalal Chhitabhai Patel was appointed as Director on 17 Sep 2025. Suresh Chatterjee was appointed as Director on 06 Aug 2025. Nandan Denim has 51 board changes on record in total.