MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0275814
Faspo Fashions Limited
Faspo Fashions Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹5.84 Cr
▲ 61% YoY
Net profit · FY 2023
₹5.46 Lakh
Net margin 0.9%
EBITDA · FY 2023
₹8.57 Lakh
EBITDA margin 1.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹50 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
5
As per MCA filings
About Faspo Fashions Limited
Data last updated:
Faspo Fashions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 13 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH2017PLC299711. Its GSTIN is 29AADCF2011N1ZO (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Pragati Manish Paliwal and Rahul Kumar.
Its last annual general meeting (AGM) was held on 01 May 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shop No 9 Gr Gloor Hdil Harmony Mall Nr Goregaon Link Road Goregaon (W), Mumbai, Maharashtra, India – 400104.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.84 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹5.46 Lakh (net margin 0.9%) and EBITDA of ₹8.57 Lakh (EBITDA margin 1.5%).
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
Faspo Fashions Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0275814). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17100MH2017PLC299711
Registration Number 299711
Incorporation Date 13 September 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 May 2024
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0275814
Recognitions & Rankings of Faspo Fashions
Contact details
Faspo Fashions Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No 9 Gr Gloor Hdil Harmony Mall Nr Goregaon Link Road Goregaon (W), Mumbai, Maharashtra, India – 400104
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Faspo Fashions Limited, buy the company report.
Comprehensive company report
Faspo Fashions 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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Financials of Faspo Fashions Limited
FY 2023 filings availableFaspo Fashions Limited reported revenue of ₹5.84 Cr (up 61% YoY) for FY 2023.
Revenue · FY 2023
₹5.84 Cr ▲ 61%
Net profit · FY 2023
₹5.46 Lakh margin 0.9%
EBITDA · FY 2023
₹8.57 Lakh margin 1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 271%
5 years · compounded
▲ 140%
Revenue rose 61% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹5.84 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.46 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Faspo Fashions Limited, buy the company report.
Board of directors of Faspo Fashions Limited
Faspo Fashions has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pragati Manish Paliwal | Director | 01 Jul 2021 | 5 Years 3 Months | Current |
| Rahul Kumar | Director | 01 Jan 2024 | 2 Years 9 Months | Current |
| Samarth Paliwal | Director | 01 Jan 2024 | 2 Years 9 Months | Current |
| Manish Kumar Paliwal Also directs: Manipadma Human Development Foundation | Director | 18 Jun 2025 | 1 Years 4 Months | Current |
| Manisha Paliwal | Director | 18 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Faspo Fashions Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| B N Textiles & Investments Pvt Ltd | ₹5.92 Cr (FY 2023) | 4.0% | Kolkata, West Bengal, India | |||
| Abhiram Marketing Services Limited | ₹5.9 Cr (FY 2025) | 21.0% | Hyderabad, Telangana, India | |||
| Faspo Fashions Limitedthis company | ₹5.84 Cr (FY 2023) | ₹5.46 Lakh | 0.9% | 61.0% | Mumbai, Maharashtra, India | |
| Unix Clothing Private Limited | ₹5.77 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Tusker Pam Private Limited | ₹5.76 Cr (FY 2022) | -36.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Faspo Fashions Limited, buy the company report.
Auditor
Faspo Fashions Limited is audited by BHIWANIWALA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHIWANIWALA AND ASSOCIATES | FY 2023 | 138221W |
Shareholding
The shareholding of Faspo Fashions Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Faspo Fashions Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2023 | 100775768 | Others | ₹50 Lakh | Open |
To see the full charge records of Faspo Fashions Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Faspo Fashions Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed against the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| District court, New Delhi, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Hero Fincorp Ltd | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Faspo Fashions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Faspo Fashions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Faspo Fashions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF2011N1ZO | Karnataka | Active | 28 Aug 2021 |
To see the full GST registrations and return filing status of Faspo Fashions Limited, buy the company report.
Recent activity
Faspo Fashions Limited has 13 board changes on record since 2018: 5 appointments and 8 cessations. The latest: Manish Kumar Paliwal was appointed as Director on 18 Jun 2025.
Appointed
Manish Kumar Paliwal was appointed as Director.
Appointed
Manisha Paliwal was appointed as Director.
Ceased
Pragati Manish Paliwal ceased to be Director.
Ceased
Samarth Paliwal ceased to be Director.
Charges
A charge with Others of Rs. 50.00 Lakh registered on 28 Jul 2023 with Charge ID 100775768 was modified on 24 Jul 2024.
AGM
Faspo Fashions Limited last Annual general meeting of members was held on 01 May 2024 as per latest MCA records.
Ceased
Manish Kumar Paliwal ceased to be Managing Director.
Ceased
Manisha Paliwal ceased to be Director.
Appointed
Rahul Kumar was appointed as Director.
Appointed
Samarth Paliwal was appointed as Director.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100775768 was registered on 28 Jul 2023.
Filing
Faspo Fashions Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
6 earlier events are in the company report.
Frequently asked questions
Faspo Fashions is an active public limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 13 September 2017 (9+ years old) and is registered under CIN U17100MH2017PLC299711.
Faspo Fashions has 5 current directors:
- Pragati Manish Paliwal - Director
- Rahul Kumar - Director
- Samarth Paliwal - Director
- Manish Kumar Paliwal - Director
- Manisha Paliwal - Director
The latest financial statements of Faspo Fashions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 01 May 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Faspo Fashions is 29AADCF2011N1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Faspo Fashions is U17100MH2017PLC299711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Faspo Fashions has 3 court cases on record: 3 filed against it. 2 are pending.
Faspo Fashions was incorporated on 13 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Faspo Fashions by revenue are B N Textiles & Investments Pvt Ltd, Abhiram Marketing Services Limited, Unix Clothing Private Limited, Tusker Pam Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading).
Manish Kumar Paliwal was appointed as Director on 18 Jun 2025. Manisha Paliwal was appointed as Director on 18 Jun 2025. Pragati Manish Paliwal ceased to be Director on 18 Jun 2025. Faspo Fashions has 13 board changes on record in total.
Yes, Faspo Fashions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0275814).
The registered office of Faspo Fashions is at Shop No 9 Gr Gloor Hdil Harmony Mall Nr Goregaon Link Road Goregaon W, Mumbai, Maharashtra, India – 400104.
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