Foundation Garments Private Limited

Foundation Garments Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U18101TN1971PTC005946 Incorporated 21 January 1971 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company financial services MSME · Micro
Data last updated
Revenue · FY 2025
₹76.26 Lakh
▲ 22% YoY
Net profit · FY 2025
₹21.88 Lakh
Net margin 28.7%
EBITDA · FY 2025
₹22.07 Lakh
EBITDA margin 28.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹7.88 Lakh
Issued & subscribed
Open charges
₹3.5 Cr
Satisfied ₹1.27 Cr
Company age
55 yrs
Est. 1971
Directors on board
2
As per MCA filings

About Foundation Garments Private Limited

Data last updated:

Foundation Garments Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 21 January 1971 and has been in existence for over 55 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U18101TN1971PTC005946. Its GSTIN is 33AAACF0441K2Z1 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.88 Lakh. It is led by directors Anne Marie Gowrie Canthas and Krishnamurthy Ramachandran.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 50 Armenian Street Parrys, Chennai, Tamil Nadu, India – 600001.

As per the financials filed for FY 2025, the company reported a revenue of ₹76.26 Lakh, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹21.88 Lakh (net margin 28.7%) and EBITDA of ₹22.07 Lakh (EBITDA margin 28.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 3% over five years.

As per MCA filings, the company has open charges of ₹3.5 Cr and satisfied charges of ₹1.27 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 11 cases are pending.

Foundation Garments Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0017556). The current compliance status is marked as active non-compliant by the Registrar of Companies.

Company details

CIN U18101TN1971PTC005946
Registration Number 005946
Incorporation Date 21 January 1971
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0017556
Key People
Anne Marie Gowrie Canthas Director Krishnamurthy Ramachandran Director

Recognitions & Rankings of Foundation Garments

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-TN-02-0017556

Contact details

Foundation Garments Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    50 Armenian Street Parrys, Chennai, Tamil Nadu, India – 600001
  • Industry
    Financial Services, Real Estate Financing

To see the full contact details of Foundation Garments Private Limited, buy the company report.

Comprehensive company report
Foundation Garments Private 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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Business activity

The main business activity of Foundation Garments is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Foundation Garments Private Limited, buy the company report.

Financials of Foundation Garments Private Limited

FY 2025 filings available

Foundation Garments Private Limited reported revenue of ₹76.26 Lakh (up 22% YoY) for FY 2025.

Revenue · FY 2025
₹76.26 Lakh ▲ 22%
Net profit · FY 2025
₹21.88 Lakh margin 28.7%
EBITDA · FY 2025
₹22.07 Lakh margin 28.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 12%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▼ 3%
5 years · compounded
▼ 8%

Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 22% growth in the latest year. EBITDA rose 41% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹22.07 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹21.88 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin28.9%
Net Profit Margin28.7%
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 Foundation Garments Private Limited, buy the company report.

Board of directors of Foundation Garments Private Limited

Foundation Garments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anne Marie Gowrie Canthas
Also directs: Polyvinyl Products Private Limited, Sphereo Sports Private Limited, Yamato Exports(India) Private Limited
Director15 Oct 199729 Years 0 MonthsCurrent
Krishnamurthy Ramachandran
Also directs: Polyvinyl Products Private Limited, Sphereo Sports Private Limited, Yamato Exports(India) Private Limited
Director02 Dec 20196 Years 11 MonthsCurrent
View all directors

Shareholding

The shareholding of Foundation Garments Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Foundation Garments Private Limited, buy the company report.

Charges & borrowings

Open charges
₹3.5 Cr
Satisfied charges
₹1.27 Cr
Breakdown by lending institutions
Others₹3.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Feb 2016100018398Others₹3.5 CrOpen
27 May 201010225501Dhanlaxmi Bank Limited₹1.27 CrSatisfied

To see the full charge records of Foundation Garments Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Foundation Garments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Foundation Garments has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
33AAACF0441K2Z1Tamil NaduActive22 Mar 2019

To see the full GST registrations and return filing status of Foundation Garments Private Limited, buy the company report.

Recent activity

Foundation Garments Private Limited has 4 board changes on record since 1997: 2 appointments and 2 cessations. The latest: Jean Barbara Canthaswamy ceased to be Director on 23 Mar 2021.

AGM
Foundation Garments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Foundation Garments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Jean Barbara Canthaswamy ceased to be Director.
Appointed
Krishnamurthy Ramachandran was appointed as Director.
Charges
A charge registered on 27 May 2010 via Charge ID 10225501 with Dhanlaxmi Bank Limited was fully satisfied on 18 Mar 2016.
Charges
A charge with Others amounted to Rs. 350.00 Lakh with Charge ID 100018398 was registered on 03 Feb 2016.
Charges
A charge with Dhanlaxmi Bank Limited of Rs. 127.00 Lakh registered on 27 May 2010 with Charge ID 10225501 was modified on 26 Aug 2015.
Charges
A charge with Dhanlaxmi Bank Limited amounted to Rs. 127.00 Lakh with Charge ID 10225501 was registered on 27 May 2010.
Appointed
Anne Marie Gowrie Canthas was appointed as Director.
Ceased
Anne Marie Gowrie Canthas ceased to be Director.
Incorporation
21 Jan 1971
Foundation Garments Private Limited was registered on 21 Jan 1971 with Roc Chennai & aged 55 years 9 months as per MCA records.

Frequently asked questions

Foundation Garments is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate financing, within the financial services industry. It was incorporated on 21 January 1971 (55+ years old) and is registered under CIN U18101TN1971PTC005946.

Foundation Garments has 2 current directors:

The latest financial statements of Foundation Garments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Foundation Garments is 33AAACF0441K2Z1, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Foundation Garments is U18101TN1971PTC005946. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Foundation Garments has 13 court cases on record: 11 filed by the company and 2 filed against it. 11 are pending.

Foundation Garments was incorporated on 21 January 1971, making it 55+ years old. It is registered with the Registrar of Companies, Chennai.

Jean Barbara Canthaswamy ceased to be Director on 23 Mar 2021. Krishnamurthy Ramachandran was appointed as Director on 02 Dec 2019. Anne Marie Gowrie Canthas was appointed as Director on 15 Oct 1997. Foundation Garments has 4 board changes on record in total.

Yes, Foundation Garments is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0017556).

The registered office of Foundation Garments is at 50 Armenian Street Parrys, Chennai, Tamil Nadu, India – 600001.