Garuda Cotex Shades Limited
About Garuda Cotex Shades Limited
Data last updated:
Garuda Cotex Shades Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1997PLC104966. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.75 Cr. It is led by directors including Devendra Pal Madan Gopal Garg (Managing Director) and Venkiteswaran Venkitaswaran Parlikad.
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 130 132 Great Western Bldg S.B.Road Fort, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.23 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.03 Lakh (net margin 9.2%) and EBITDA of ₹1.03 Lakh (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years.
As per MCA filings, the company has satisfied charges of ₹25.47 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Garuda Cotex Shades has one previous CIN (Corporate Identification Number): U17120MH1997PTC104966. The current CIN is U17120MH1997PLC104966, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120MH1997PLC104966 | Current |
| U17120MH1997PTC104966 | Previous |
Contact details
Garuda Cotex Shades Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address130 132 Great Western Bldg S.B.Road Fort, Mumbai, Maharashtra, India – 400003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Garuda Cotex Shades Limited, buy the company report.
- 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
Business activity
The main business activity of Garuda Cotex Shades is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Garuda Cotex Shades Limited, buy the company report.
Financials of Garuda Cotex Shades Limited
FY 2025 filings availableGaruda Cotex Shades Limited reported revenue of ₹11.23 Lakh (up 271% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 47% over three years, including 271% growth in the latest year. EBITDA rose 138% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 9.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Garuda Cotex Shades Limited, buy the company report.
Board of directors of Garuda Cotex Shades Limited
Garuda Cotex Shades has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkiteswaran Venkitaswaran Parlikad | Additional Director | 24 Mar 2016 | 10 Years 7 Months | Current |
| Devendra Pal Madan Gopal Garg Also directs: Amka Shipping Agency Pvt Ltd | Managing Director | 31 Mar 2008 | 18 Years 7 Months | Current |
| Radha Devendra Pal Garg Also directs: Amka Shipping Agency Pvt Ltd | Additional Director | 24 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Garuda Cotex Shades Limited is audited by ATIN S MEHTA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ATIN S MEHTA & CO | FY 2020 | 100747W |
Shareholding
The shareholding of Garuda Cotex Shades Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Garuda Cotex Shades Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 1998 | 90151484 | Canara Bank | ₹3 Cr | Satisfied | |
| 31 Dec 1998 | 90151949 | Canara Bank | ₹3 Cr | Satisfied | |
| 14 Jul 1998 | 90150584 | Canara Bank | ₹4.5 Cr | Satisfied | |
| 14 Jul 1998 | 90151474 | Canara Bank | ₹4.5 Cr | Satisfied | |
| 12 Dec 1997 | 90150501 | Industrial Development Bank of India | ₹10.47 Cr | Satisfied |
To see the full charge records of Garuda Cotex Shades Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Garuda Cotex Shades Limited has 3 court cases on record: 3 filed by Garuda Cotex Shades. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against The Commissioner of Central Excise and Service Tax and 1 other | Pending |
| Bombay High Court | Court case (CHOL) | Filed by the company against M/S. Sheena Textiles | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S. Sheena Textiles Limited | Disposed |
To see the full case history of Garuda Cotex Shades 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 Garuda Cotex Shades Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garuda Cotex Shades has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Garuda Cotex Shades Limited, buy the company report.
Recent activity
Garuda Cotex Shades Limited has 10 board changes on record since 2007: 3 appointments and 7 cessations. The latest: Radha Devendra Pal Garg was appointed as Additional Director on 24 Sep 2020.
15 earlier events are in the company report.
Frequently asked questions
Garuda Cotex Shades is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 January 1997 (29+ years old) and is registered under CIN U17120MH1997PLC104966.
Garuda Cotex Shades has 3 current directors:
- Devendra Pal Madan Gopal Garg - Managing Director
- Venkiteswaran Venkitaswaran Parlikad - Additional Director
- Radha Devendra Pal Garg - Additional Director
The latest financial statements of Garuda Cotex Shades 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.
No. Garuda Cotex Shades has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Garuda Cotex Shades is U17120MH1997PLC104966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Cotex Shades has 3 court cases on record: 3 filed by the company. 1 is pending.
Garuda Cotex Shades was incorporated on 08 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Radha Devendra Pal Garg was appointed as Additional Director on 24 Sep 2020. Radhakrishnan Thiyyadi Nair ceased to be Additional Director on 24 Sep 2020. Rajesh K Soin ceased to be Director on 28 Feb 2018. Garuda Cotex Shades has 10 board changes on record in total.
The registered office of Garuda Cotex Shades is at 130 132 Great Western Bldg S.B.Road Fort, Mumbai, Maharashtra, India – 400003.
Garuda Cotex Shades operates in the manufacturing industry, in the textile and fabric production segment.
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