- #824 Manish Pasi & family ₹3,700 Cr

About Colortone Textiles Private Limited
Data last updated:
Colortone Textiles Private Limited is a private limited company based in Chamrajanagar, Karnataka, India, a subsidiary of First Steps Babywear Private Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 March 2021 and has been in existence for over 5 years.
Its director Manish Pasi and family are #824 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17299KA2021PTC144752. Its GSTIN is 29AAJCC3231F1ZU (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹130 Cr. It is led by directors including Prashanth Gulur Bhyranna (Whole-Time Director) and Anjana Pasi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chamrajanagar, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹501.8 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹23.99 Cr (net margin 4.8%) and EBITDA of ₹87.89 Cr (EBITDA margin 17.5%).
The company has about 854 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹520 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹78.31 Cr; the latest was in May 2022. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is GRG Cotspin Limited with revenue of ₹524.97 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firststepsindia.com.
Recognitions & Rankings of Colortone Textiles
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No.14O – A KIADB – Badanaguppe – Kelamballi Industrial, Area, Chamrajanagar, Karnataka, India – 571313
- IndustryManufacturing, Textile & Fabric Production
- 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 Colortone Textiles Private Limited
The main business activity of Colortone Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Colortone Textiles Private Limited FY 2025 filings available
Colortone Textiles Private Limited reported revenue of ₹501.8 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Colortone Textiles Private Limited
Revenue rose 25% in the latest year. EBITDA rose 9% 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 Colortone Textiles Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹87.89 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.99 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 of Colortone Textiles Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.8% | •••• | •••• | •••• | •••• |
| 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 Colortone Textiles are in the company report.
Financial statements from FY 2021
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.
Board of Directors of Colortone Textiles Private Limited
Colortone Textiles has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjana Pasi | Director | 02 Mar 2021 | 5 Years 7 Months | Current |
| Manish Pasi | Director | 02 Mar 2021 | 5 Years 7 Months | Current |
| Prashanth Gulur Bhyranna | Whole-Time Director | 18 Oct 2025 | 1 Years 0 Months | Current |
Peer Comparison of Colortone Textiles Private Limited
Colortone Textiles Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GRG Cotspin Limited | ₹524.97 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Rajaguru Spinning Mills Private Limited | ₹513.05 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Erode, Tamil Nadu, India |
| Nibe Limited | ₹512.25 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Khed, Maharashtra, India |
| Geelon Industries Private Limited | ₹511.13 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Surat, Gujarat, India |
| Gayatri Weavers Private Limited | ₹504.35 Cr (FY 2025) | •••• | •••• | 339.0% | •••• | Ahmedabad, Gujarat, India |
| Colortone Textiles Private Limited this company | ₹501.8 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chamrajanagar, Karnataka, India |
| Suryalata Spinning Mills Limited Listed | ₹499.45 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Telangana, India |
| T.C. Spinners Private Limited | ₹499.06 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Lalru, Punjab, India |
| Woodland (Aero Club) Private Limited | ₹496.83 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Ahp Garments Private Limited | ₹496.58 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| K.K.P. Fine Linen Private Limited | ₹495.42 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Namakkal, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Colortone Textiles by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Colortone Textiles Private Limited
Colortone Textiles Private Limited is audited by Raghavan Chaudhuri & Narayanan for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Raghavan Chaudhuri & Narayanan | 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.
Ownership and Shareholding of Colortone Textiles 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 Colortone Textiles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 2025 | Others | ₹26 Cr | Open |
| 09 Jan 2025 | Hdfc Bank Limited | ₹18.78 Cr | Open |
| 04 Dec 2024 | Others | ₹13 Cr | Open |
| 04 Oct 2023 | Hdfc Bank Limited | ₹32 Cr | Open |
| 25 Jan 2022 | Others | ₹430.22 Cr | Open |
Total charge records: 5 View all charges
Deals & Funding of Colortone Textiles Private Limited
Colortone Textiles Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹78.31 Cr; the latest was in May 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round | ₹78.31 Cr | Investors: First Steps Babywear Private Limited |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Colortone Textiles Private Limited
Colortone Textiles Private Limited has 3 court cases on record: 2 filed by Colortone Textiles, 1 filed against it. 2 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MYSURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, CHAMRAJNAGAR, Karnataka | Court case (IID) | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed by the company against Norwood Fashion Pvt Ltd | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Colortone Textiles Private Limited
Colortone Textiles Private Limited has a workforce of 854 employees as of Apr 09, 2024.
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 Colortone Textiles Private Limited
Colortone Textiles Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Prashanth Gulur Bhyranna was appointed as Whole-Time Director on 18 Oct 2025.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Colortone Textiles 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 Colortone Textiles 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 Colortone Textiles 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 Colortone Textiles Private Limited
Colortone Textiles has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCC3231F1ZU | Karnataka | Active | 22 Apr 2021 |
| 33AAJCC3231F1Z5 | Tamil Nadu | Active | 30 Nov 2022 |
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 Colortone Textiles 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 Colortone Textiles Private Limited
Colortone Textiles is an active private limited company based in Chamrajanagar, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 March 2021 (5+ years old) and is registered under CIN U17299KA2021PTC144752.
Colortone Textiles reported revenue of ₹501.8 Cr for FY 2025 (up 25% YoY).
Colortone Textiles has 3 current directors:
- Prashanth Gulur Bhyranna - Whole-Time Director
- Anjana Pasi - Director
- Manish Pasi - Director
Colortone Textiles reported a net profit of ₹23.99 Cr (net margin 4.8%) and EBITDA of ₹87.89 Cr (EBITDA margin 17.5%) for FY 2025, as per its filed financial statements.
The GSTIN of Colortone Textiles is 29AAJCC3231F1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAJCC3231F1Z5 (Tamil Nadu).
The CIN (Corporate Identification Number) of Colortone Textiles is U17299KA2021PTC144752. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Colortone Textiles has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.
Colortone Textiles was incorporated on 02 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Colortone Textiles has 1 deal on record (1 funding round), with disclosed funding of ₹78.31 Cr; the latest was in May 2022.
The peers of Colortone Textiles by revenue are GRG Cotspin Limited, Rajaguru Spinning Mills Private Limited, Nibe Limited, Geelon Industries Private Limited, Gayatri Weavers Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Prashanth Gulur Bhyranna was appointed as Whole-Time Director on 18 Oct 2025. Anjana Pasi was appointed as Director on 02 Mar 2021. Manish Pasi was appointed as Director on 02 Mar 2021.