About Etco Denim Private Limited
Data last updated:
Etco Denim Private Limited is a private limited company based in Mumbai, Maharashtra, 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 and fabric production segment of the manufacturing sector. It was incorporated on 21 April 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18109MH2005PTC152771. Its GSTIN is 27AABCE4897M1ZZ (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹225 Cr and a paid-up capital of ₹175.51 Cr. It is led by directors Gajendra Bhupendra Sartanpara and Ramesh Dahyalal Shah.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at S – 13 S – 14 Pinnacle Business Park Shanti Nagar MIDC Mahakali Caves Road, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2019, the company reported a revenue of ₹218.86 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹49.3 Cr (net margin -22.5%) and EBITDA of -₹19.81 Cr (EBITDA margin -9.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹389.12 Cr and satisfied charges of ₹237 Cr on record. Court records list 53 cases involving the company, including 18 filed by the company and 20 filed against it; 14 cases are pending.
The last known website on record is etco.in.
CIN History of Etco Denim Private Limited
Etco Denim has one previous CIN (Corporate Identification Number): U14100MH2005PTC152771. The current CIN is U18109MH2005PTC152771, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18109MH2005PTC152771 | Current |
| U14100MH2005PTC152771 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS – 13 S – 14 Pinnacle Business Park Shanti Nagar MIDC Mahakali Caves Road, Mumbai, Maharashtra, India – 400093
- 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
Business Activity of Etco Denim Private Limited
The main business activity of Etco Denim 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 Etco Denim Private Limited FY 2019 filings available
Etco Denim Private Limited reported revenue of ₹218.86 Cr (down 30% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Etco Denim Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 30% fall in the latest year. EBITDA rose 23% 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 Etco Denim Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹218.86 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹19.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹49.3 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 Etco Denim Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -22.5% | •••• | •••• | •••• | •••• |
| 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 Etco Denim 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 Etco Denim Private Limited
Etco Denim has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gajendra Bhupendra Sartanpara | Director | 01 Oct 2014 | 12 Years 0 Months | As last reported |
| Ramesh Dahyalal Shah Also directs: Etco Industries Private Limited, Sea-Crest Developers Private Limited, Sai Etco Developers and Realty Private Limited and 3 more | Director | 21 Apr 2005 | 21 Years 6 Months | As last reported |
Peer Comparison of Etco Denim Private Limited
Etco Denim Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Denim Wear). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Super Gold Suitings Private Limited | ₹369.32 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bhilwara, Rajasthan, India |
| Lodz Denim Private Limited | ₹301.85 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ghodapdeo, Maharashtra, India |
| Nova Textiles Private Limited | ₹283.02 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Mumbai, Maharashtra, India |
| Signet Denim Private Limited | ₹242.2 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bhilwara, Rajasthan, India |
| Partap Fabrics Private Limited | ₹236.54 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Ambala, Haryana, India |
| Etco Denim Private Limited this company | ₹218.86 Cr (FY 2019) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Sitaram Denims India Limited | ₹210.18 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Bhilwara, Rajasthan, India |
| Flu Jeans Private Limited | ₹203.88 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Delhi, India |
| Jeans Knit Private Limited | ₹193.25 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Shrerajlaxmi Denim Limited | ₹191.85 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bhilwara, Rajasthan, India |
| Lbdenim Private Limited | ₹172.48 Cr (FY 2025) | •••• | •••• | 94.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Etco Denim by revenue in the Apparel industry (Denim Wear), 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 Etco Denim Private Limited
Etco Denim Private Limited is audited by B VITHALANI & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B VITHALANI & 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 Etco Denim 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 Etco Denim Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2016 | Others | ₹20.83 Lakh | Open |
| 22 Oct 2014 | Srei Equipment Finance Limited | ₹17.92 Lakh | Open |
| 06 May 2014 | Corporation Bank | ₹141.99 Cr | Open |
| 30 Dec 2013 | Others | ₹6.4 Lakh | Open |
| 25 Mar 2013 | Corporation Bank | ₹6.97 Lakh | Open |
Total charge records: 9 View all charges
Legal Cases of Etco Denim Private Limited
Etco Denim Private Limited has 53 court cases on record: 18 filed by Etco Denim, 20 filed against it, 15 where it is another party. 14 cases are pending and 39 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 8 | 8 |
| High courts | 20 | 10 | 4 |
| NCLAT | 5 | 2 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Court case (IDact of S10 1d) | Filed by the company against Etco Denim Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Mahakali Fabrics Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Nra21 Textiles Private Limited | Pending |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by Masitia Capital Services Private Limited | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by Tushar Fabrics Private Limited | Disposed |
Full case history
All 53 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 Etco Denim Private Limited
Etco Denim Private Limited has a workforce of 18 employees as of Apr 01, 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 Etco Denim Private Limited
Etco Denim Private Limited has 7 board changes on record since 2005: 2 appointments and 5 cessations. The latest: Chhattar Kumar Goushal ceased to be Director on 26 Dec 2016.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Etco Denim 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 Etco Denim 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 Etco Denim 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 Etco Denim Private Limited
Etco Denim has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE4897M1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 29AABCE4897M2ZU | Karnataka | Active | 06 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 Etco Denim 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 Etco Denim Private Limited
Etco Denim 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.
Etco Denim is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 21 April 2005 and is registered under CIN U18109MH2005PTC152771. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Etco Denim reported revenue of ₹218.86 Cr for FY 2019 (down 30% YoY).
Etco Denim has 2 current directors:
- Gajendra Bhupendra Sartanpara - Director
- Ramesh Dahyalal Shah - Director
Etco Denim reported a net loss of ₹49.3 Cr (net margin -22.5%) and EBITDA of -₹19.81 Cr (EBITDA margin -9.1%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Etco Denim is -10% over three years. In the latest year (FY 2019) revenue fell 30%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Etco Denim is U18109MH2005PTC152771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Etco Denim has open charges of ₹389.12 Cr and satisfied charges of ₹237 Cr as per latest MCA filings.
Etco Denim has 53 court cases on record: 18 filed by the company and 20 filed against it. 14 are pending. Most are in the district courts.
Etco Denim was incorporated on 21 April 2005. It is registered with the Registrar of Companies, Mumbai.
The peers of Etco Denim by revenue are Super Gold Suitings Private Limited, Lodz Denim Private Limited, Nova Textiles Private Limited, Signet Denim Private Limited, Partap Fabrics Private Limited and 5 more, all in the Apparel industry (Denim Wear).