MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-03-0003843
Dhruv Globals Limited - manufacturing in Faridabad, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹496.85 Cr
▲ 71% YoY
Net profit · FY 2022
₹28.4 Cr
Net margin 5.7%
EBITDA · FY 2022
₹42.91 Cr
EBITDA margin 8.6%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.2 Cr
Issued & subscribed
Open charges
₹137.83 Cr
Satisfied ₹485.3 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
3,378
Provident fund records
About Dhruv Globals Limited
Data last updated:
Dhruv Globals Limited is a public limited company based in Faridabad, Haryana, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18101HR2001PLC095840. Its GSTIN is 06AABCD3498H1ZK (Haryana). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.2 Cr. It was formerly known as Dhruv Globals Private Limited. It is led by directors including Shri Ram Goyal (Managing Director) and Dhruv Goyal (Whole-Time Director).
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 14th Milestone Mathura Road, Faridabad, Haryana, India – 121003.
As per the financials filed for FY 2022, the company reported a revenue of ₹496.85 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net profit of ₹28.4 Cr (net margin 5.7%) and EBITDA of ₹42.91 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 11% over five years.
The company has about 3,378 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Dhruv Globals and Muvazo. As per MCA filings, the company has open charges of ₹137.83 Cr and satisfied charges of ₹485.3 Cr on record. Court records list 28 cases involving the company, including 2 filed by the company and 26 filed against it; 5 cases are pending. The company has 17 deals on record (14 secondary share transfers, 3 funding rounds), with disclosed funding of ₹16.49 Cr; the latest was in March 2024. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Balar Synthetics Private Limited with revenue of ₹286.11 Cr.
Dhruv Globals Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-03-0003843). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dhruvglobals.com.
Company details
CIN U18101HR2001PLC095840
Registration Number 095840
Incorporation Date 11 May 2001
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 Medium
Udyam Registration UDYAM-HR-03-0003843
CIN history
Dhruv Globals has one previous CIN (Corporate Identification Number): U18101DL2001PLC110804. The current CIN is U18101HR2001PLC095840, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101HR2001PLC095840 | Current |
| U18101DL2001PLC110804 | Previous |
Recognitions & Rankings of Dhruv Globals
Contact details
Dhruv Globals Limited's registered office is in Faridabad, Haryana. Its website is dhruvglobals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address14th Milestone Mathura Road, Faridabad, Haryana, India – 121003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Dhruv Globals Limited, buy the company report.
Comprehensive company report
Dhruv Globals 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
Dhruv Globals operates two associated brands: Dhruv Globals and Muvazo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a contract manufacturer for garment products. | dhruvglobals.com | |
| Provides premium athleisure clothing for men and women through online sales. | muvazo.com |
Business activity
The main business activity of Dhruv Globals 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 Dhruv Globals Limited, buy the company report.
Financials of Dhruv Globals Limited
FY 2024 filings availableDhruv Globals Limited reported revenue of ₹496.85 Cr (up 71% YoY) for FY 2022.
Revenue · FY 2022
₹496.85 Cr ▲ 71%
Net profit · FY 2022
₹28.4 Cr margin 5.7%
EBITDA · FY 2022
₹42.91 Cr margin 8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 71%
3 years · compounded
▲ 20%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 263%
3 years · compounded
▲ 20%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 71% growth in the latest year. EBITDA rose 263% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹496.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹42.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.4 Cr | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 5.7% | ||||
| 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 Dhruv Globals Limited, buy the company report.
Board of directors of Dhruv Globals Limited
Dhruv Globals has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gagan Goyal Also directs: GDF Exports Trade LLP, Savoir Innovations LLP, Polo Textiles Private Limited and 5 more | Director | 10 May 2022 | 4 Years 5 Months | Current |
| Shri Ram Goyal Also directs: GDF Exports Trade LLP, Gtronix Enterprises LLP, Sarvotum Promotors Private Limited. and 3 more | Managing Director | 11 May 2001 | 25 Years 5 Months | Current |
| Dhruv Goyal Also directs: Gtronix Enterprises LLP, Sarvotum Promotors Private Limited., Dhruv E-Shoppe Private Limited and 3 more | Whole-Time Director | 10 Sep 2010 | 16 Years 1 Months | Current |
| Sachit Gupta Also directs: Elkay Telelinks Limited, Sadhu Forging Ltd | Director | 27 Apr 2017 | 9 Years 5 Months | Current |
| Babu Lal Jain | Director | 25 Mar 2015 | 11 Years 6 Months | Current |
| Sangita Goyal | Director | 25 Mar 2019 | 7 Years 6 Months | Current |
Peer comparison
Dhruv Globals Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Dhruv Globals Limitedthis company | ₹496.85 Cr (FY 2022) | ₹28.4 Cr | 5.7% | 71.0% | 3,378 | Faridabad, Haryana, India |
| Balar Synthetics Private Limited | ₹286.11 Cr (FY 2025) | 13.0% | Bhilwara, Rajasthan, India | |||
| Radheshyam Cotspin Private Limited | ₹285.86 Cr (FY 2025) | 9.0% | At Babra, Gujarat, India | |||
| Carloo Tex Private Limited | ₹285.74 Cr (FY 2024) | 1283.0% | Tirupur, Tamil Nadu, India | |||
| Veebee Yarnntex Private Limited | ₹284.2 Cr (FY 2025) | -2.0% | Rajapalayam, Tamil Nadu, India | |||
| Adisankara Spinning Mills Private Limited | ₹283.43 Cr (FY 2024) | -12.0% | Tiruppur, Tamil Nadu, India | |||
| Nova Textiles Private Limited | ₹283.02 Cr (FY 2025) | -39.0% | Mumbai, Maharashtra, India | |||
| Baldev Textile Mills Private Limited | ₹282.98 Cr (FY 2025) | 3.0% | Hatkanangale, Maharashtra, India |
To see the full peer comparison of Dhruv Globals Limited, buy the company report.
Auditor
Dhruv Globals Limited is audited by A K Bhagav & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K Bhagav & Co. | FY 2022 | 034063N |
Shareholding
The shareholding of Dhruv Globals Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhruv Globals Limited, buy the company report.
Charges & borrowings
Open charges
₹137.83 Cr
Satisfied charges
₹485.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2023 | 100780949 | Yes Bank Limited | ₹27.1 Cr | Open | |
| 21 Aug 2023 | 100769856 | Hdfc Bank Limited | ₹21 Lakh | Open | |
| 28 Jun 2023 | 100823193 | Hdfc Bank Limited | ₹45 Lakh | Open | |
| 24 May 2023 | 100755716 | Hdfc Bank Limited | ₹23 Lakh | Open | |
| 28 Feb 2022 | 100567815 | Axis Bank Limited | ₹1.27 Cr | Open |
To see the full charge records of Dhruv Globals Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Dhruv Globals Limited has 17 deals on record (14 secondary share transfers, 3 funding rounds), with disclosed funding of ₹16.49 Cr; the latest was in March 2024.
Total deals
17
Secondary share transfers
14
Funding rounds
3
Disclosed funding
₹16.49 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Cosmic Alloys and Metal Works Private Limited , 3 individuals Seller: Bonlon Industries Limited , an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Bonlon Industries Limited Seller: Harshit Promoters Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Vinco Metals Private Limited , Shri Ram Goyal HUF, 2 individuals Seller: Metcalf Traders Private Limited, Victory Tie-Up Private Limited, 2 individuals |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: R M Cresec Private Limited , Krishan Mittal HUF |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Sagar Tie Up Private Limited , Mahadhan Vyappar Private Limited, Shambunath Properties Private Limited |
To see the full deal history of Dhruv Globals Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dhruv Globals Limited has 28 court cases on record: 2 filed by Dhruv Globals, 26 filed against it. 5 cases are pending and 23 are disposed.
Total cases
28
Filed by the company
2
Filed against the company
26
Pending
5
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 25 | 4 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Appeal | Filed against the company by Dakshin Haryana Bijli Vitran Nigam Limited and Anr and 1 other | Pending |
| District court, Faridabad, Haryana | Court case (TRF) | Filed against the company by State of Haryana | Pending |
| District court, Faridabad, Haryana | Court case (SUMM) | Filed against the company by State of Haryana | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Original Suit) | Filed against the company by an individual | Pending |
To see the full case history of Dhruv Globals 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.
Credit ratings & regulatory alerts
Dhruv Globals Limited was last rated by Indiarating on 10 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 10 Jul 2020 |
To see the full credit ratings and regulatory alerts of Dhruv Globals Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhruv Globals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dhruv Globals Limited has a workforce of 3,378 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
3,378
Active EPFO establishments
1
Employee growth
-25.1%
GST
Dhruv Globals has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCD3498H1ZK | Haryana | Active | 01 Jul 2017 |
| 07AABCD3498H1ZI | Delhi | Active | 20 Apr 2021 |
To see the full GST registrations and return filing status of Dhruv Globals Limited, buy the company report.
Recent activity
Dhruv Globals Limited has 18 board changes on record since 2001: 6 appointments and 12 cessations. The latest: Gagan Goyal ceased to be Additional Director on 30 Sep 2022.
Charges
A charge registered on 21 Feb 2023 via Charge ID 100690904 with Sbicap Trustee Company Limited was fully satisfied on 03 Oct 2025.
Charges
A charge registered on 01 Mar 2012 via Charge ID 10343428 with State Bank Of India was fully satisfied on 24 Jul 2025.
AGM
Dhruv Globals Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Dhruv Globals Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Yes Bank Limited amounted to Rs. 27.10 Cr with Charge ID 100780949 was registered on 18 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100769856 was registered on 21 Aug 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100823193 was registered on 28 Jun 2023.
Charges
A charge with Standard Chartered Bank of Rs. 36.00 Cr registered on 14 Jun 2016 with Charge ID 100033383 was modified on 13 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 100755716 was registered on 24 May 2023.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 166.00 Cr with Charge ID 100690904 was registered on 21 Feb 2023.
Charges
A charge with Standard Chartered Bank of Rs. 1.00 Cr registered on 29 Oct 2018 with Charge ID 100225678 was modified on 30 Jan 2023.
Charges
A charge with Yes Bank Limited of Rs. 27.10 Cr registered on 09 Jan 2017 with Charge ID 100083877 was modified on 06 Dec 2022.
47 earlier events are in the company report.
Frequently asked questions
Dhruv Globals is an active public limited company based in Faridabad, Haryana, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 May 2001 (25+ years old) and is registered under CIN U18101HR2001PLC095840.
Dhruv Globals has 6 current directors:
- Shri Ram Goyal - Managing Director
- Dhruv Goyal - Whole-Time Director
- Gagan Goyal - Director
- Sachit Gupta - Director
- Babu Lal Jain - Director
- Sangita Goyal - Director
The latest financial statements of Dhruv Globals 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 Dhruv Globals is 06AABCD3498H1ZK, registered in Haryana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AABCD3498H1ZI (Delhi).
The CIN (Corporate Identification Number) of Dhruv Globals is U18101HR2001PLC095840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhruv Globals has 28 court cases on record: 2 filed by the company and 26 filed against it. 5 are pending. Most are in the district courts.
Dhruv Globals was incorporated on 11 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Delhi.
Dhruv Globals has 17 deals on record (14 secondary share transfers, 3 funding rounds), with disclosed funding of ₹16.49 Cr; the latest was in March 2024.
The peers of Dhruv Globals by revenue are Balar Synthetics Private Limited, Radheshyam Cotspin Private Limited, Carloo Tex Private Limited, Veebee Yarnntex Private Limited, Adisankara Spinning Mills Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Gagan Goyal ceased to be Additional Director on 30 Sep 2022. Gagan Goyal was appointed as Director on 10 May 2022. Sangita Goyal ceased to be Additional Director on 30 Sep 2019. Dhruv Globals has 18 board changes on record in total.
Yes, Dhruv Globals is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-03-0003843).