- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-03-0003843

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 25 cases involving the company, including 2 filed by the company and 22 filed against it; 4 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 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 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.
CIN History of Dhruv Globals Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address14th Milestone Mathura Road, Faridabad, Haryana, India – 121003
- IndustryManufacturing, Textile & Fabric Production
- 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
Associated Brands with Dhruv Globals Limited
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 of Dhruv Globals Limited
The main business activity of Dhruv Globals is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Dhruv Globals Limited FY 2024 filings available
Dhruv Globals Limited reported revenue of ₹496.85 Cr (up 71% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Dhruv Globals Limited
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 of Dhruv Globals Limited
| 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 of Dhruv Globals Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Dhruv Globals are in the company report.
Financial statements from 2015
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 Dhruv Globals Limited
Dhruv Globals has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| 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 of Dhruv Globals Limited
Dhruv Globals Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhruv Globals Limited this company | ₹496.85 Cr (FY 2022) | •••• | •••• | 71.0% | •••• | Faridabad, Haryana, India |
| Balar Synthetics Private Limited | ₹286.11 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bhilwara, Rajasthan, India |
| Kian-M Export Private Limited | ₹285.88 Cr (FY 2025) | •••• | •••• | 593.0% | •••• | Rajkot, Gujarat, 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 |
| Premier Texturisers Private Limited | ₹285.25 Cr (FY 2017) | •••• | •••• | 3.0% | •••• | Coimbatore, 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 |
| Amisha Vinyls Private Limited | ₹282.73 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Dhruv Globals by revenue in the Manufacturing industry (Textiles), 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 Dhruv Globals Limited
Dhruv Globals Limited is audited by A K Bhagav & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A K Bhagav & 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 Dhruv Globals 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 Dhruv Globals Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2023 | Yes Bank Limited | ₹27.1 Cr | Open |
| 21 Aug 2023 | Hdfc Bank Limited | ₹21 Lakh | Open |
| 28 Jun 2023 | Hdfc Bank Limited | ₹45 Lakh | Open |
| 24 May 2023 | Hdfc Bank Limited | ₹23 Lakh | Open |
| 28 Feb 2022 | Axis Bank Limited | ₹1.27 Cr | Open |
Total charge records: 21 View all charges
Deals & Funding of Dhruv Globals Limited
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.
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 |
Full deal history
All 17 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Dhruv Globals Limited
Dhruv Globals Limited has 25 court cases on record: 2 filed by Dhruv Globals, 22 filed against it, 1 where it is another party. 4 cases are pending and 21 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 22 | 3 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Court case (SUMM) | Filed against the company by State of Haryana | Pending |
| District court, Faridabad, Haryana | Court case (TRF) | Filed against the company by State of Haryana | Pending |
| High Court of Punjab and Haryana | Appeal | Company is another party | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Faridabad, Haryana | Court case (TRF) | Filed against the company by State of Haryana | Disposed |
Full case history
All 25 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 Dhruv Globals Limited
Dhruv Globals Limited has a workforce of 3,378 employees as of Apr 05, 2024.
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 Dhruv Globals Limited
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.
47 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dhruv Globals 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 Dhruv Globals 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 Dhruv Globals 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 Dhruv Globals Limited
Dhruv Globals has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCD3498H1ZK | Haryana | Active | 01 Jul 2017 |
| 07AABCD3498H1ZI | Delhi | Active | 20 Apr 2021 |
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 Dhruv Globals 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 Dhruv Globals Limited
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 reported revenue of ₹496.85 Cr for FY 2022 (up 71% YoY).
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
Dhruv Globals reported a net profit of ₹28.4 Cr (net margin 5.7%) and EBITDA of ₹42.91 Cr (EBITDA margin 8.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dhruv Globals is 20% over three years and 11% over five years. In the latest year (FY 2022) revenue rose 71%. CAGR is the steady yearly rate that links the first and the last year.
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 25 court cases on record: 2 filed by the company and 22 filed against it. 4 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, Kian-M Export Private Limited, Radheshyam Cotspin Private Limited, Carloo Tex Private Limited, Premier Texturisers Private Limited and 5 more, all in the Manufacturing industry (Textiles).