About Davani Silks Private Limited
Data last updated:
Davani Silks Private Limited is a private limited company based in Muvattupuzha, Kerala, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 October 2016.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U52609KL2016PTC047096. Its GSTIN is 32AAFCD9131K1ZO (Kerala).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.56 Cr. It is led by directors including Padmakumar Sankaranarayanan Nair and Karottumariyil Skariah Chacko.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at VIII/260A Amritha Tower Velloorkunnam Market Po Near Velloorkunnam Signal Junction, Muvattupuzha, Kerala, India – 686673.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.02 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net loss of ₹71.83 Lakh (net margin -35.5%) and EBITDA of -₹64.86 Lakh (EBITDA margin -32.1%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 19% over five years.
Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it; 2 cases are pending.
The last known website on record is jaksllp.com.
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- WebsiteLocked
- Social Media
- Registered AddressVIII/260A Amritha Tower Velloorkunnam Market Po Near Velloorkunnam Signal Junction, Muvattupuzha, Kerala, India – 686673
- 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 Davani Silks Private Limited
The main business activity of Davani Silks is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail 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 Davani Silks Private Limited FY 2023 filings available
Davani Silks Private Limited reported revenue of ₹2.02 Cr (up 40% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Davani Silks Private Limited
Revenue rose 40% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA rose 19% 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 Davani Silks Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹64.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹71.83 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 Davani Silks Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -35.5% | •••• | •••• | •••• | •••• |
| 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 Davani Silks are in the company report.
Financial statements from FY 2017
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 Davani Silks Private Limited
Davani Silks has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmakumar Sankaranarayanan Nair Also directs: Zenguru Global Ventures LLP, Laksha Edv Private Limited | Director | 26 Apr 2019 | 7 Years 5 Months | As last reported |
| Karottumariyil Skariah Chacko | Director | 08 Mar 2020 | 6 Years 7 Months | As last reported |
| Narender Reddy Banala Also directs: Naveba Corporate Advisors Private Limited | Irp/Rp/Liquidator | 12 Jun 2024 | 2 Years 4 Months | As last reported |
Peer Comparison of Davani Silks Private Limited
Davani Silks Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K.P.J Crafts Private Limited | ₹2.03 Cr (FY 2015) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Golden Medows Export Private Limited | ₹2.03 Cr (FY 2025) | •••• | •••• | 176.0% | •••• | Mumbai, Maharashtra, India |
| Virendra Textiles Private Limited | ₹2.03 Cr (FY 2025) | •••• | •••• | 65684.0% | •••• | Ajmer, Rajasthan, India |
| Gulati Tailors & Drappers Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Delhi, India |
| Atrium Exports Private Limited | ₹2.02 Cr (FY 2018) | •••• | •••• | -46.0% | •••• | Ahmedabad, Gujarat, India |
| Davani Silks Private Limited this company | ₹2.02 Cr (FY 2023) | •••• | •••• | 40.0% | •••• | Muvattupuzha, Kerala, India |
| K S Syntex Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Kolkata, West Bengal, India |
| MLB Sales Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Varanasi, Uttar Pradesh, India |
| Ronera Overseas Private Limited | ₹2.02 Cr (FY 2020) | •••• | •••• | -97.0% | •••• | Mumbai, Maharashtra, India |
| Balaiwar Non-Woven Company Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Panpur, West Bengal, India |
| Wbt-India Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Davani Silks by revenue in the Consumer Products industry (Textile Retail and Distribution), 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 Davani Silks Private Limited
Davani Silks Private Limited is audited by ALPHONSE & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ALPHONSE & CO | 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 Davani Silks 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 Davani Silks Private Limited
Davani Silks Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Davani Silks Private Limited
Davani Silks Private Limited has 11 court cases on record: 5 filed by Davani Silks, 6 filed against it. 2 cases are pending and 9 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed against the company by Coimbatore Cloth Mills India Limited | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed against the company by Coimbatore Cloth Mills India Limited | Disposed |
| District court, Ernakulam, Kerala | Court case (RCP) | Filed against the company by an individual | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 11 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 Davani Silks Private Limited
Employment history and EPFO contributions of people linked to Davani Silks.
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 Davani Silks Private Limited
Davani Silks Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Narender Reddy Banala was appointed as Irp/Rp/Liquidator on 12 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Davani Silks 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 Davani Silks 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 Davani Silks 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 Davani Silks Private Limited
Davani Silks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAFCD9131K1ZO | Kerala | 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 Davani Silks 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 Davani Silks Private Limited
Davani Silks is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Davani Silks is a company under insolvency, formerly operating as a private limited company based in Muvattupuzha, Kerala, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 October 2016 and is registered under CIN U52609KL2016PTC047096. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Davani Silks reported revenue of ₹2.02 Cr for FY 2023 (up 40% YoY).
Davani Silks has 3 current directors:
- Padmakumar Sankaranarayanan Nair - Director
- Karottumariyil Skariah Chacko - Director
- Narender Reddy Banala - Irp/Rp/Liquidator
Davani Silks reported a net loss of ₹71.83 Lakh (net margin -35.5%) and EBITDA of -₹64.86 Lakh (EBITDA margin -32.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Davani Silks is -9% over three years and -19% over five years. In the latest year (FY 2023) revenue rose 40%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Davani Silks is U52609KL2016PTC047096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Davani Silks has 11 court cases on record: 5 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Davani Silks was incorporated on 24 October 2016. It is registered with the Registrar of Companies, Ernakulam.
The peers of Davani Silks by revenue are K.P.J Crafts Private Limited, Golden Medows Export Private Limited, Virendra Textiles Private Limited, Gulati Tailors & Drappers Private Limited, Atrium Exports Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Narender Reddy Banala was appointed as Irp/Rp/Liquidator on 12 Jun 2024. Thekkedath Sivaraman Jayaprakash ceased to be Director on 30 Nov 2023. James Thomas ceased to be Director on 02 Nov 2023. Davani Silks has 9 board changes on record in total.