MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-HR-10-0002654
Decent Spinners Pvt. Ltd.
Decent Spinners Pvt. Ltd. - manufacturing in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹36.38 Cr
▲ 12% YoY
Net profit · FY 2024
₹84.65 Lakh
Net margin 2.3%
EBITDA · FY 2024
₹3.63 Cr
EBITDA margin 10%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.34 Cr
Issued & subscribed
Open charges
₹25.59 Cr
Satisfied ₹9.92 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
9
Provident fund records
About Decent Spinners Pvt. Ltd.
Data last updated:
Decent Spinners Pvt. Ltd. is a private limited company based in New Delhi, Delhi, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 May 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1990PTC040239. Its GSTIN is 06AAACD7057R1Z5 (Haryana).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.34 Cr. It is led by directors Veera Garg and Naresh Kumar Garg.
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 41 – B Ramgarh Jahangirpuri, New Delhi, Delhi, India – 110033.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.38 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹84.65 Lakh (net margin 2.3%) and EBITDA of ₹3.63 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 32% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25.59 Cr and satisfied charges of ₹9.92 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
Decent Spinners Pvt. Ltd. is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-10-0002654). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74899DL1990PTC040239
Registration Number 040239
Incorporation Date 23 May 1990
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 Small
Udyam Registration UDYAM-HR-10-0002654
Key People
Veera Garg Director Naresh Kumar Garg Director Recognitions & Rankings of Decent Spinners
Contact details
Decent Spinners Pvt. Ltd.'s registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address41 – B Ramgarh Jahangirpuri, New Delhi, Delhi, India – 110033
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Decent Spinners Pvt. Ltd., buy the company report.
Comprehensive company report
Decent Spinners Pvt. Ltd. - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Decent Spinners is manufacturing. In detail, this covers manufacture of textiles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles |
To see the full business activity and turnover split of Decent Spinners Pvt. Ltd., buy the company report.
Financials of Decent Spinners Pvt. Ltd.
FY 2024 filings availableDecent Spinners Pvt. Ltd. reported revenue of ₹36.38 Cr (up 12% YoY) for FY 2024.
Revenue · FY 2024
₹36.38 Cr ▲ 12%
Net profit · FY 2024
₹84.65 Lakh margin 2.3%
EBITDA · FY 2024
₹3.63 Cr margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 67%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 114%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 12% growth in the latest year. EBITDA rose 42% 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 | ₹3.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹84.65 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Decent Spinners Pvt. Ltd., buy the company report.
Board of directors of Decent Spinners Pvt. Ltd.
Decent Spinners has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veera Garg | Director | 24 Oct 2003 | 23 Years 0 Months | Current |
| Naresh Kumar Garg | Director | 01 Apr 2000 | 26 Years 7 Months | Current |
Auditor
Decent Spinners Pvt. Ltd. is audited by DEEPAK GC GOEL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEEPAK GC GOEL & ASSOCIATES | FY 2023 | 020389N |
Shareholding
The shareholding of Decent Spinners Pvt. Ltd. is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Decent Spinners Pvt. Ltd., buy the company report.
Charges & borrowings
Open charges
₹25.59 Cr
Satisfied charges
₹9.92 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2025 | 101081751 | Others | ₹6 Cr | Open | |
| 20 Feb 2021 | 100422751 | Others | ₹19.59 Cr | Open | |
| 07 Oct 2019 | 100304637 | Hdfc Bank Limited | ₹2.8 Cr | Satisfied | |
| 27 May 2014 | 10555215 | Corporation Bank | ₹40 Lakh | Satisfied | |
| 28 Dec 2013 | 10471594 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of Decent Spinners Pvt. Ltd., buy the company report.
Total charge records: 10 View all charges
Legal cases
Decent Spinners Pvt. Ltd. has 3 court cases on record: 1 filed by Decent Spinners, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Karnal, Haryana | Commercial suit | Filed against the company by State of Haryana | Pending |
| District court, Kurukshetra, Haryana | Commercial suit | Filed against the company by an individual | Disposed |
| High Court, HARYANA | Writ petition | Filed by the company against Uhbv Nigam Ltd & Ors | Disposed |
To see the full case history of Decent Spinners Pvt. Ltd., 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 Decent Spinners Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Decent Spinners Pvt. Ltd. has a workforce of 9 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-10%
GST
Decent Spinners has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACD7057R1Z5 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Decent Spinners Pvt. Ltd., buy the company report.
Recent activity
Decent Spinners Pvt. Ltd. has 3 board changes on record since 2000: 2 appointments and 1 cessation. The latest: Veera Garg ceased to be Director on 02 Jan 2026.
Ceased
Veera Garg ceased to be Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101081751 was registered on 31 Mar 2025.
AGM
Decent Spinners Pvt. Ltd. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Decent Spinners Pvt. Ltd. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others of Rs. 19.59 Cr registered on 20 Feb 2021 with Charge ID 100422751 was modified on 17 Jun 2023.
Charges
A charge with Others amounted to Rs. 19.59 Cr with Charge ID 100422751 was registered on 20 Feb 2021.
Charges
A charge registered on 07 Oct 2019 via Charge ID 100304637 with Hdfc Bank Limited was fully satisfied on 18 Feb 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 2.80 Cr registered on 07 Oct 2019 with Charge ID 100304637 was modified on 13 Jan 2020.
Charges
A charge registered on 27 May 2014 via Charge ID 10555215 with Corporation Bank was fully satisfied on 22 Nov 2019.
Charges
A charge registered on 28 Dec 2013 via Charge ID 10471594 with Others was fully satisfied on 22 Nov 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.80 Cr with Charge ID 100304637 was registered on 07 Oct 2019.
Charges
A charge with Others of Rs. 2.50 Cr registered on 28 Dec 2013 with Charge ID 10471594 was modified on 22 Feb 2017.
19 earlier events are in the company report.
Frequently asked questions
Decent Spinners is an active private limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 May 1990 (36+ years old) and is registered under CIN U74899DL1990PTC040239.
Decent Spinners has 2 current directors:
- Veera Garg - Director
- Naresh Kumar Garg - Director
The latest financial statements of Decent Spinners 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 Decent Spinners is 06AAACD7057R1Z5, registered in Haryana.
The CIN (Corporate Identification Number) of Decent Spinners is U74899DL1990PTC040239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Decent Spinners has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Decent Spinners was incorporated on 23 May 1990, making it 36+ years old. It is registered with the Registrar of Companies, Delhi.
Veera Garg ceased to be Director on 02 Jan 2026. Veera Garg was appointed as Director on 24 Oct 2003. Naresh Kumar Garg was appointed as Director on 01 Apr 2000.
Yes, Decent Spinners is registered as a small enterprise under Udyam registration (number: UDYAM-HR-10-0002654).
The registered office of Decent Spinners is at 41 – B Ramgarh Jahangirpuri, New Delhi, Delhi, India – 110033.
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