MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-HR-05-0018477
Corset Wholesale Limited - fashion and textile in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.9 Cr
▲ 44% YoY
Net loss · FY 2024
₹45.87 Lakh
Net margin -1.4%
EBITDA · FY 2024
₹1.04 Cr
EBITDA margin 3.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5.54 Lakh
Issued & subscribed
Open charges
₹10.45 Cr
Satisfied ₹5.8 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
67
Provident fund records
About Corset Wholesale Limited
Data last updated:
Corset Wholesale Limited is a public limited company based in Gurgaon, Haryana, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 18 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909HR2011PLC042703. Its GSTIN is 06AAECC3600K1ZZ (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.54 Lakh. It is led by directors including Neeraj Kumar Thakur and Suman Bharti.
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 Gurgaon, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.9 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net loss of ₹45.87 Lakh (net margin -1.4%) and EBITDA of ₹1.04 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 34% over five years.
The company has about 67 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Corset Wholesale. As per MCA filings, the company has open charges of ₹10.45 Cr and satisfied charges of ₹5.8 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Corset Wholesale Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-HR-05-0018477). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website corsetwholesale.com.
Company details
CIN U51909HR2011PLC042703
Registration Number 042703
Incorporation Date 18 April 2011
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-HR-05-0018477
Recognitions & Rankings of Corset Wholesale
Contact details
Corset Wholesale Limited's registered office is in Gurgaon, Haryana. Its website is corsetwholesale.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 342 Udyog Vihar Phase – 6, Sector – 37, Gurgaon, Haryana, India – 122001
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Corset Wholesale Limited, buy the company report.
Comprehensive company report
Corset Wholesale 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
Corset Wholesale operates one associated brand: Corset Wholesale. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | corsetwholesale.com |
Business activity
The main business activity of Corset Wholesale 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 Corset Wholesale Limited, buy the company report.
Financials of Corset Wholesale Limited
FY 2024 filings availableCorset Wholesale Limited reported revenue of ₹33.9 Cr (up 44% YoY) for FY 2024.
Revenue · FY 2024
₹33.9 Cr ▲ 44%
Net loss · FY 2024
₹45.87 Lakh margin -1.4%
EBITDA · FY 2024
₹1.04 Cr margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 20%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▲ 168%
3 years · compounded
▼ 16%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 44% growth in the latest year. EBITDA rose 168% 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 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 | ₹1.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹45.87 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | -1.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Corset Wholesale Limited, buy the company report.
Board of directors of Corset Wholesale Limited
Corset Wholesale has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Kumar Thakur | Director | 25 Aug 2012 | 14 Years 2 Months | Current |
| Suman Bharti Also directs: Healthezz Food and Snacks LLP, Elyzza London Fashion LLP, Violet Hospitality Private Limited and 1 more | Director | 18 Apr 2011 | 15 Years 6 Months | Current |
| Shikha Bharti | Director | 18 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Corset Wholesale Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Optimum Silk Mills Private Limited | ₹34.02 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| International Trimmings and Labels India Private Limited | ₹33.99 Cr (FY 2024) | 8.0% | Bangalore, Karnataka, India | |||
| Heera Moti Textiles (India) Private Limited | ₹33.96 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India | |||
| Corset Wholesale Limitedthis company | ₹33.9 Cr (FY 2024) | -₹45.87 Lakh | -1.4% | 44.0% | 67 | Gurgaon, Haryana, India |
| Chanel for Fashion Private Limited | ₹33.89 Cr (FY 2024) | 21711.0% | Jaipur, Rajasthan, India | |||
| Lakshmi Subbaiaah Tex Private Limited | ₹33.86 Cr (FY 2016) | -36.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Corset Wholesale Limited, buy the company report.
Shareholding
The shareholding of Corset Wholesale Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Corset Wholesale Limited, buy the company report.
Charges & borrowings
Open charges
₹10.45 Cr
Satisfied charges
₹5.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100890831 | Others | ₹4 Cr | Open | |
| 23 Apr 2021 | 100479671 | Hdfc Bank Limited | ₹90 Lakh | Open | |
| 20 Jul 2018 | 100203304 | Others | ₹18.9 Lakh | Open | |
| 20 Jul 2018 | 100255319 | Others | ₹18.9 Lakh | Open | |
| 23 Dec 2013 | 10478141 | Others | ₹5.17 Cr | Open |
To see the full charge records of Corset Wholesale Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Corset Wholesale Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, Central, Delhi | Court case (L I R) | Filed against the company by an individual | Disposed |
To see the full case history of Corset Wholesale 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 Corset Wholesale Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Corset Wholesale has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Violet Hospitality Private Limited | U55101HR2021PTC098896 |
To see the full group structure of Corset Wholesale Limited, buy the company report.
Employees & EPFO
Corset Wholesale Limited has a workforce of 67 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
67
Active EPFO establishments
1
Employee growth
-47.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 67 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Corset Wholesale Limited, buy the company report.
GST
Corset Wholesale has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECC3600K1ZZ | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Corset Wholesale Limited, buy the company report.
Recent activity
Corset Wholesale Limited has 7 board changes on record since 2011: 5 appointments and 2 cessations. The latest: Richa Gupta ceased to be Director on 21 Feb 2017.
Charges
A charge with Others of Rs. 400.00 Lakh registered on 28 Mar 2024 with Charge ID 100890831 was modified on 30 Jan 2025.
AGM
Corset Wholesale Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 516.86 Lakh registered on 23 Dec 2013 with Charge ID 10478141 was modified on 29 Jul 2024.
Filing
Corset Wholesale Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others amounted to Rs. 400.00 Lakh with Charge ID 100890831 was registered on 28 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100479671 was registered on 23 Apr 2021.
Charges
A charge with Others amounted to Rs. 18.90 Lakh with Charge ID 100203304 was registered on 20 Jul 2018.
Charges
A charge with Others amounted to Rs. 18.90 Lakh with Charge ID 100255319 was registered on 20 Jul 2018.
Ceased
Richa Gupta ceased to be Director.
Appointed
Richa Gupta was appointed as Director.
Charges
A charge registered on 30 Sep 2013 via Charge ID 10453243 with Hdfc Bank Limited was fully satisfied on 20 Feb 2014.
Charges
A charge with Others amounted to Rs. 516.86 Lakh with Charge ID 10478141 was registered on 23 Dec 2013.
10 earlier events are in the company report.
Frequently asked questions
Corset Wholesale is an active public limited company based in Gurgaon, Haryana, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 18 April 2011 (15+ years old) and is registered under CIN U51909HR2011PLC042703.
Corset Wholesale has 3 current directors:
- Neeraj Kumar Thakur - Director
- Suman Bharti - Director
- Shikha Bharti - Director
The latest financial statements of Corset Wholesale on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Corset Wholesale is 06AAECC3600K1ZZ, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Corset Wholesale is U51909HR2011PLC042703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corset Wholesale has 2 court cases on record: 2 filed against it.
Corset Wholesale was incorporated on 18 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Corset Wholesale by revenue are Optimum Silk Mills Private Limited, International Trimmings and Labels India Private Limited, Heera Moti Textiles (India) Private Limited, Chanel for Fashion Private Limited, Lakshmi Subbaiaah Tex Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Richa Gupta ceased to be Director on 21 Feb 2017. Richa Gupta was appointed as Director on 24 Nov 2015. Arun Prasad ceased to be Whole-Time Director on 25 Aug 2012. Corset Wholesale has 7 board changes on record in total.
Yes, Corset Wholesale is registered as an MSME under Udyam registration (number: UDYAM-HR-05-0018477).
Corset Wholesale can be reached through the website corsetwholesale.com. Its registered office is in Gurgaon, Haryana, India.
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