Startup India Government of India
Fulton Brands Private Limited - fashion and textile in Gurugram, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.02 Cr
▼ 42% YoY
Net loss · FY 2025
₹3.77 Cr
Net margin -47%
EBITDA · FY 2025
-₹4.83 Cr
EBITDA margin -60.3%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹13.66 Lakh
Issued & subscribed
Open charges
₹1.8 Lakh
Satisfied ₹1.8 Lakh
Company age
4 yrs
Est. 2022
Employees · EPFO
21
Provident fund records
About Fulton Brands Private Limited
Data last updated:
Fulton Brands Private Limited is a private limited company based in Gurugram, Haryana, India, recognised as a startup by DPIIT. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 06 January 2022.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52609HR2022PTC100392. Its GSTIN is 06AAECF8780D1ZK (Haryana). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹13.66 Lakh. It is led by directors Himanshu Wardhan (Managing Director) and Neha Kalra.
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 Plot No. 127P Sector 31 32 Raheja Atlantis, Gurugram, Haryana, India – 122001.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.02 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹3.77 Cr (net margin -47%) and EBITDA of -₹4.83 Cr (EBITDA margin -60.3%).
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thevasa. As per MCA filings, the company has open charges of ₹1.8 Lakh and satisfied charges of ₹1.8 Lakh on record. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹12.4 Cr; the latest was in December 2023. Its 10 peer companies in the Apparel industry (Accessories Retail and Distribution, Apparel Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Mahetri Private Limited with revenue of ₹8.08 Cr.
Fulton Brands Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0041263). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thevasa.in.
Company Details of Fulton Brands Private Limited
CIN U52609HR2022PTC100392
Registration Number 100392
Incorporation Date 06 January 2022
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-08-0041263
Recognitions & Rankings of Fulton Brands
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-08-0041263
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 127P Sector 31 32 Raheja Atlantis, Gurugram, Haryana, India – 122001
- IndustryFashion and Textile, Fashion Retail
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Associated Brands with Fulton Brands Private Limited
Fulton Brands operates one associated brand: Thevasa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Internet first brand offering ethnic wear for women | thevasa.in |
Business Activity of Fulton Brands Private Limited
The main business activity of Fulton Brands is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Fulton Brands Private Limited FY 2025 filings available
Fulton Brands Private Limited reported revenue of ₹8.02 Cr (down 42% YoY) for FY 2025.
Revenue · FY 2025
₹8.02 Cr ▼ 42%
Net loss · FY 2025
₹3.77 Cr margin -47%
EBITDA · FY 2025
-₹4.83 Cr margin -60.3%
Compounded Annual Growth Rate (CAGR) of Fulton Brands Private Limited
Revenue CAGR growth
1 year
▼ 42%
EBITDA CAGR growth
1 year
▲ 3%
Revenue fell 42% in the latest year. EBITDA rose 3% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Fulton Brands Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹4.83 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.77 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 Fulton Brands Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -60.3% | •••• | •••• | •••• |
| Net Profit Margin | -47% | •••• | •••• | •••• |
| 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 Fulton Brands are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Fulton Brands Private Limited
Fulton Brands has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Wardhan Also directs: Middlefield Brands LLP | Managing Director | 06 Jan 2022 | 4 Years 9 Months | Current |
| Neha Kalra Also directs: Middlefield Brands LLP | Director | 06 Jan 2022 | 4 Years 9 Months | Current |
Peer Comparison of Fulton Brands Private Limited
Fulton Brands Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Accessories Retail and Distribution, Apparel Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahetri Private Limited | ₹8.08 Cr (FY 2025) | •••• | •••• | 205.0% | •••• | Udaipur, Rajasthan, India |
| Trisneha Handlooms Private Limited | ₹8.08 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Classic Buttons Pvt Ltd | ₹8.07 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Wake Infin Trading Private Limited | ₹8.06 Cr (FY 2025) | •••• | •••• | 107.0% | •••• | Kanchipuram, Tamil Nadu, India |
| Goel Selection Private Limited | ₹8.04 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| Fulton Brands Private Limited this company | ₹8.02 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Gurugram, Haryana, India |
| Gangotri Sarees Private Limited | ₹8.02 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Kolkata, West Bengal, India |
| Lotus Traexim Private Limited | ₹8.01 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | New Delhi, Delhi, India |
| Shabad Creations Private Limited | ₹8.01 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Delhi, India |
| Covalian Trading Private Limited | ₹8 Cr (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Mafia Trends Limited Listed | ₹8 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Fulton Brands by revenue in the Apparel industry (Accessories Retail and Distribution, Apparel Retail and Distribution), 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 Fulton Brands Private Limited
Fulton Brands Private Limited is audited by V K Banka & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V K Banka & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Fulton Brands Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Fulton Brands Private Limited
Open charges
₹1.8 Lakh
Satisfied charges
₹1.8 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Dec 2023 | Others | ₹1.8 Lakh | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Fulton Brands Private Limited
Fulton Brands Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹12.4 Cr; the latest was in December 2023.
Total deals
7
Funding rounds
4
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹12.4 Cr
Deals on record (3 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2022 | Rights issue | ₹9 Lakh | Investors: 2 individuals |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Fulton Brands Private Limited
Fulton Brands Private Limited has a workforce of 21 employees as of Mar 07, 2025.
Employee count
21
Active EPFO establishments
1
Employee growth
-52.27%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Fulton Brands Private Limited
Fulton Brands Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Himanshu Wardhan was appointed as Managing Director on 06 Jan 2022.
AGM
Fulton Brands Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Fulton Brands Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge registered on 19 Dec 2023 via Charge ID 100846624 with Others was fully satisfied on 04 Nov 2024.
Charges
A charge with Others amounted to Rs. 1.80 Lakh with Charge ID 100846624 was registered on 19 Dec 2023.
Appointed
Himanshu Wardhan was appointed as Managing Director.
Appointed
Neha Kalra was appointed as Director.
Incorporation
06 Jan 2022
Fulton Brands Private Limited was registered on 06 Jan 2022 with Roc Delhi & aged 4 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Fulton Brands Private Limited
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MSME Payment Delays by Fulton Brands Private Limited
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Subsidiaries & Group Companies of Fulton Brands Private Limited
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Corporate group structure
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GST Compliance of Fulton Brands Private Limited
Fulton Brands has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECF8780D1ZK | Haryana | Active | 18 Jul 2022 |
| 07AAECF8780D1ZI | Delhi | Active | 11 Feb 2022 |
| 29AAECF8780D1ZC | Karnataka | Active | 31 Jul 2022 |
| 04AAECF8780D1ZO | Chandigarh | Active | 19 Aug 2022 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Fulton Brands Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Fulton Brands Private Limited
Fulton Brands is an active private limited company based in Gurugram, Haryana, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 06 January 2022 (4+ years old) and is registered under CIN U52609HR2022PTC100392.
Fulton Brands reported revenue of ₹8.02 Cr for FY 2025 (down 42% YoY).
Fulton Brands has 2 current directors:
- Himanshu Wardhan - Managing Director
- Neha Kalra - Director
Fulton Brands reported a net loss of ₹3.77 Cr (net margin -47%) and EBITDA of -₹4.83 Cr (EBITDA margin -60.3%) for FY 2025, as per its filed financial statements.
The GSTIN of Fulton Brands is 06AAECF8780D1ZK, registered in Haryana. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 07AAECF8780D1ZI (Delhi), 29AAECF8780D1ZC (Karnataka), 04AAECF8780D1ZO (Chandigarh).
The CIN (Corporate Identification Number) of Fulton Brands is U52609HR2022PTC100392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fulton Brands was incorporated on 06 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Delhi.
Fulton Brands has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹12.4 Cr; the latest was in December 2023.
The peers of Fulton Brands by revenue are Mahetri Private Limited, Trisneha Handlooms Private Limited, Classic Buttons Pvt Ltd, Wake Infin Trading Private Limited, Goel Selection Private Limited and 5 more, all in the Apparel industry (Accessories Retail and Distribution, Apparel Retail and Distribution).
Himanshu Wardhan was appointed as Managing Director on 06 Jan 2022. Neha Kalra was appointed as Director on 06 Jan 2022.
Yes, Fulton Brands is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).