About Defiance Knitting Industries P Ltd
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Defiance Knitting Industries P Ltd is a private limited company based in Thane, Maharashtra, India. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 27 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1993PTC075811. Its GSTIN is 27AAACD2225R1ZH (Maharashtra).
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹44.21 Cr. It is led by directors including Avinash Sudhir Vora and Vanya Sudhir Vora.
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 Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹38.26 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.02 Cr (net margin 18.4%) and EBITDA of ₹13.55 Cr (EBITDA margin 35.4%). Revenue has grown at a compounded annual rate (CAGR) of 156% over three years and 85% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹56.05 Cr on record. Court records list 34 cases involving the company, including 25 filed by the company and 9 filed against it; 5 cases are pending. The company has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹51.84 Cr; the latest was in March 2019. Its 6 peer companies in the Apparel industry (Inner Wear, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 3 smaller; the largest is Lakshmi Narasimha Textiles Private Limited with revenue of ₹38.37 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 defiance.in.
Company details
Contact details
Defiance Knitting Industries P Ltd's registered office is in Thane, Maharashtra. Its website is defiance.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressK – 6 Additional Ambernath Industrial Estate Area MIDC Ambernath, East, Thane, Maharashtra, India – 421506
- IndustryFashion and Textile, Innerwear
To see the full contact details of Defiance Knitting Industries P Ltd, 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 Defiance Knitting Industries P 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 Defiance Knitting Industries P Ltd, buy the company report.
Financials of Defiance Knitting Industries P Ltd
FY 2024 filings availableDefiance Knitting Industries P Ltd reported revenue of ₹38.26 Cr (up 524% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 85% over five years, including 524% growth 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 | ₹13.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.02 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.4% | ||||
| Net Profit Margin | 18.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Defiance Knitting Industries P Ltd, buy the company report.
Board of directors of Defiance Knitting Industries P Ltd
Defiance Knitting Industries P has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Sudhir Vora Also directs: Dki Apparel Private Limited, Mirage Fashionwear (India) LLP, The Railway Collective Clothing LLP and 1 more | Director | 10 Mar 2010 | 16 Years 7 Months | Current |
| Vanya Sudhir Vora Also directs: Dki Apparel Private Limited | Director | 01 Feb 1995 | 31 Years 9 Months | Current |
| Sudhir Babubhai Vora Also directs: Dki Apparel Private Limited, Mirage Fashionwear (India) LLP | Director | 27 Dec 1993 | 32 Years 10 Months | Current |
| Natasha Sudhir Vora Also directs: Dki Apparel Private Limited, Mirage Fashionwear (India) LLP, The Railway Collective Clothing LLP and 1 more | Director | 30 Jun 2017 | 9 Years 4 Months | Current |
| Manoj Vasudevprasad Oza Also directs: Dki Apparel Private Limited | Director | 29 Dec 2005 | 20 Years 10 Months | Current |
Peer comparison
Defiance Knitting Industries P Ltd is compared with the 6 companies closest to it by revenue in the Apparel industry (Inner Wear, 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 |
|---|---|---|---|---|---|---|
| Lakshmi Narasimha Textiles Private Limited | ₹38.37 Cr (FY 2023) | 35.0% | Coimbatore, Tamil Nadu, India | |||
| Sri Muni Pachaiappan Textiles Private Limited | ₹38.32 Cr (FY 2024) | 21.0% | 150 Arkonam Road Kancheepuram, Tamil Nadu, India | |||
| Knitcraft Apparels International Private Limited | ₹38.28 Cr (FY 2025) | 253.0% | New Delhi, Delhi, India | |||
| Defiance Knitting Industries P Ltdthis company | ₹38.26 Cr (FY 2025) | ₹7.02 Cr | 18.4% | 524.0% | 33 | Thane, Maharashtra, India |
| Radhey Krishna Terene Private Limited | ₹38.22 Cr (FY 2025) | -3.0% | Surat, Gujarat, India | |||
| Vijay Mahiendraa Impex Sharvesh Private Limited | ₹38.22 Cr (FY 2024) | -14.0% | Tirupur, Tamil Nadu, India | |||
| Stallion Denim Private Limited | ₹38.21 Cr (FY 2024) | 61.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Defiance Knitting Industries P Ltd, buy the company report.
Auditor
Defiance Knitting Industries P Ltd is audited by CHAMARIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHAMARIA & ASSOCIATES | FY 2023 | 141046W |
Shareholding
The shareholding of Defiance Knitting Industries P 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 Defiance Knitting Industries P Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2022 | 100599614 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 10 Feb 2015 | 10551668 | Idbi Bank Limited | ₹62.4 Lakh | Satisfied | |
| 28 Sep 1998 | 90158902 | Idbi Bank Limited | ₹9.82 Cr | Satisfied | |
| 15 Apr 1998 | 90156847 | Icici Banking Corporation Limited | ₹5.55 Cr | Satisfied | |
| 02 Jan 1997 | 90156488 | Icici Banking Corporation Limited | ₹7 Cr | Satisfied |
To see the full charge records of Defiance Knitting Industries P Ltd, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Defiance Knitting Industries P Ltd has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹51.84 Cr; the latest was in March 2019.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Seller: an individual |
To see the full deal history of Defiance Knitting Industries P Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Defiance Knitting Industries P Ltd has 34 court cases on record: 25 filed by Defiance Knitting Industries P, 9 filed against it. 5 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 8 | 1 |
| High courts | 7 | 1 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CAF) | Filed against the company by M/S. Jay Arts THR. Is Prop. Dayaram Ramphal Maurya | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and Anr | Pending |
| Bombay High Court | Court case (CAF) | Filed by the company against M/S Jay Arts Through Its Proprieotr Shri Dayaram Maurya | Pending |
| Bombay High Court | Appeal | Filed by the company against M/S Jay Arts Through Its Proprieotr Shri Dayaram Maurya | Pending |
To see the full case history of Defiance Knitting Industries P 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.
Credit ratings & regulatory alerts
Defiance Knitting Industries P Ltd was last rated by Icra on 16 Sep 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Sep 2019 |
To see the full credit ratings and regulatory alerts of Defiance Knitting Industries P Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Defiance Knitting Industries P Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Defiance Knitting Industries P Ltd has a workforce of 33 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Defiance Knitting Industries P has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD2225R1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Defiance Knitting Industries P Ltd, buy the company report.
Recent activity
Defiance Knitting Industries P Ltd has 19 board changes on record since 1993: 5 appointments and 14 cessations. The latest: Hakim Ibrahim Borsadi ceased to be Company Secretary on 01 Aug 2024.
28 earlier events are in the company report.
Frequently asked questions
Defiance Knitting Industries P is an active private limited company based in Thane, Maharashtra, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 27 December 1993 (33+ years old) and is registered under CIN U17100MH1993PTC075811.
Defiance Knitting Industries P has 5 current directors:
- Avinash Sudhir Vora - Director
- Vanya Sudhir Vora - Director
- Sudhir Babubhai Vora - Director
- Natasha Sudhir Vora - Director
- Manoj Vasudevprasad Oza - Director
The latest financial statements of Defiance Knitting Industries P 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 Defiance Knitting Industries P is 27AAACD2225R1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Defiance Knitting Industries P is U17100MH1993PTC075811. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Defiance Knitting Industries P has 34 court cases on record: 25 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Defiance Knitting Industries P was incorporated on 27 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Defiance Knitting Industries P has 13 deals on record (9 secondary share transfers, 4 funding rounds), with disclosed funding of ₹51.84 Cr; the latest was in March 2019.
The peers of Defiance Knitting Industries P by revenue are Lakshmi Narasimha Textiles Private Limited, Sri Muni Pachaiappan Textiles Private Limited, Knitcraft Apparels International Private Limited, Radhey Krishna Terene Private Limited, Vijay Mahiendraa Impex Sharvesh Private Limited and 1 more, all in the Apparel industry (Inner Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Hakim Ibrahim Borsadi ceased to be Company Secretary on 01 Aug 2024. Natasha Sudhir Vora ceased to be Additional Director on 30 Sep 2022. Harish Salian Devdas ceased to be Director on 01 Sep 2020. Defiance Knitting Industries P has 19 board changes on record in total.
Defiance Knitting Industries P can be reached through the website defiance.in. Its registered office is in Thane, Maharashtra, India.
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