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About Crystal Lace (India) Limited
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Crystal Lace (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Pioneer Embroideries Limited. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 04 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17291MH1994PLC076439. Its GSTIN is 27AAACC2118G1Z5 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹9.87 Cr. It is led by directors including Manoj Sumermal Parakh and Rajkumar Jivraj Sekhani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹99,000, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹5.07 Lakh and EBITDA of -₹5.07 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 55% over five years.
As per MCA filings, the company has satisfied charges of ₹47.24 Cr on record. Court records list 24 cases involving the company, including 10 filed by the company and 14 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website crystallace.in.
Company details
Contact details
Crystal Lace (India) Limited's registered office is in Mumbai, Maharashtra. Its website is crystallace.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit 101B 1st Flr Abhishek Premises Plot No.C5 – 6 Dalia Ind. Est. Off. New Link Road Andhe, Ri (W), Mumbai, Maharashtra, India – 400058
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Crystal Lace (India) 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 Crystal Lace (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Crystal Lace (India) Limited, buy the company report.
Financials of Crystal Lace (India) Limited
FY 2025 filings availableCrystal Lace (India) Limited reported revenue of ₹99,000 (down 94% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over five years, including a 94% fall in the latest year. EBITDA rose 84% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹5.07 Lakh | ||||
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| Net Profit (PAT) | -₹5.07 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Crystal Lace (India) Limited, buy the company report.
Board of directors of Crystal Lace (India) Limited
Crystal Lace (India) has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Sumermal Parakh | Director | 23 Jun 2008 | 18 Years 4 Months | Current |
| Vishal Rajkumar Sekhani | Additional Director | 22 Sep 2025 | 1 Years 1 Months | Current |
| Rajkumar Jivraj Sekhani Also directs: Pioneer Embroideries Limited, Pioneer Realty Limited, Sekhani Share & Stocks Pvt.Ltd. and 1 more | Director | 16 Oct 2007 | 19 Years 0 Months | Current |
Auditor
Crystal Lace (India) Limited is audited by PARAG G SHAH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARAG G SHAH & ASSOCIATES | FY 2021 | 122403W |
Shareholding
The shareholding of Crystal Lace (India) Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Crystal Lace (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2009 | 10155489 | Pioneer E-Com Fashions Limited | ₹18.34 Cr | Satisfied | |
| 14 Sep 1999 | 90163914 | The Hongkong and Shanghai Banking Corporation Ltd | ₹5.04 Cr | Satisfied | |
| 12 Sep 1996 | 90163426 | The Siam Commercial Bank Plc | ₹8 Cr | Satisfied | |
| 27 Oct 1995 | 90163248 | Industrial Credit and Investment Corportion of India Ltd | ₹7.55 Cr | Satisfied | |
| 31 May 1995 | 90163169 | Industrial Credit and Investment Corportion of India Ltd | ₹8.31 Cr | Satisfied |
To see the full charge records of Crystal Lace (India) Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Crystal Lace (India) Limited has 24 court cases on record: 10 filed by Crystal Lace (India), 14 filed against it. 1 case is pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 8 | 1 |
| District courts | 9 | 5 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed against the company by individuals | Disposed |
| Bombay High Court | Court case (ARA) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Court case (ARP) | Filed against the company by individuals | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by an individual | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Crystal Lace (India) 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 Crystal Lace (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Crystal Lace (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC2118G1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACC2118G1ZB | Gujarat | Active | 02 Jan 2018 |
To see the full GST registrations and return filing status of Crystal Lace (India) Limited, buy the company report.
Recent activity
Crystal Lace (India) Limited has 14 board changes on record since 2007: 3 appointments and 11 cessations. The latest: Vishal Rajkumar Sekhani was appointed as Additional Director on 22 Sep 2025.
19 earlier events are in the company report.
Frequently asked questions
Crystal Lace (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 04 February 1994 (32+ years old) and is registered under CIN U17291MH1994PLC076439.
Crystal Lace (India) has 3 current directors:
- Manoj Sumermal Parakh - Director
- Vishal Rajkumar Sekhani - Additional Director
- Rajkumar Jivraj Sekhani - Director
The latest financial statements of Crystal Lace (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Crystal Lace (India) is 27AAACC2118G1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACC2118G1ZB (Gujarat).
The CIN (Corporate Identification Number) of Crystal Lace (India) is U17291MH1994PLC076439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Crystal Lace (India) has 24 court cases on record: 10 filed by the company and 14 filed against it. 1 is pending. Most are in the high courts.
Crystal Lace (India) was incorporated on 04 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Vishal Rajkumar Sekhani was appointed as Additional Director on 22 Sep 2025. Divya Rathi ceased to be Company Secretary on 21 Dec 2019. Kamol Phanichkrivalkosil ceased to be Director on 15 Jan 2013. Crystal Lace (India) has 14 board changes on record in total.
Crystal Lace (India) can be reached through the website crystallace.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Crystal Lace (India) is at Unit 101B 1st Flr Abhishek Premises Plot No.C5 – 6 Dalia Ind. Est. Off. New Link Road Andhe, Ri W, Mumbai, Maharashtra, India – 400058.
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