MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-02-0012298
Garuda Fashions Private Limited - fashion and textile in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹33.46 Cr
▼ 12% YoY
Net profit · FY 2025
₹33.88 Lakh
Net margin 1%
EBITDA · FY 2025
₹2.07 Cr
EBITDA margin 6.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹95 Lakh
Issued & subscribed
Open charges
₹18.95 Cr
Satisfied ₹30 Lakh
Company age
29 yrs
Est. 1997
Employees · EPFO
102
Provident fund records
About Garuda Fashions Private Limited
Data last updated:
Garuda Fashions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 20 August 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18101KA1997PTC022671. Its GSTIN is 29AAACG6054D1ZS (Karnataka). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹95 Lakh. It is led by directors including Mettu Govinda Reddy (Managing Director) and Mettu Govindareddy Vishwanath.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.46 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹33.88 Lakh (net margin 1%) and EBITDA of ₹2.07 Cr (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 102 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Garuda Fashions. As per MCA filings, the company has open charges of ₹18.95 Cr and satisfied charges of ₹30 Lakh on record. Court records list 90 cases involving the company, including 87 filed by the company and 3 filed against it; 2 cases are pending.
Garuda Fashions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0012298). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garudafashions.co.in.
Company details
CIN U18101KA1997PTC022671
Registration Number 022671
Incorporation Date 20 August 1997
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-02-0012298
Key People
Mettu Govinda Reddy Managing Director Mettu Govindareddy Vishwanath Director Amaranath Govinda Mittu Director Recognitions & Rankings of Garuda Fashions
Contact details
Garuda Fashions Private Limited's registered office is in Bangalore, Karnataka. Its website is garudafashions.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressM.M.M.P Tower No.10 Behind Shri Lakshmi Hospital Sunkadakatt, E, Bangalore, Karnataka, India – 560091
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Garuda Fashions Private Limited, buy the company report.
Comprehensive company report
Garuda Fashions 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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Brands
Garuda Fashions operates one associated brand: Garuda Fashions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Exceeds customer expectations in India's fast-moving fashion sector through trend evolution. | garudafashions.co.in |
Business activity
The main business activity of Garuda Fashions is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Garuda Fashions Private Limited, buy the company report.
Financials of Garuda Fashions Private Limited
FY 2025 filings availableGaruda Fashions Private Limited reported revenue of ₹33.46 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹33.46 Cr ▼ 12%
Net profit · FY 2025
₹33.88 Lakh margin 1%
EBITDA · FY 2025
₹2.07 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 2%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 15%
5 years · compounded
▼ 7%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 12% fall in the latest year. EBITDA rose 15% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.88 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | 6.2% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Garuda Fashions Private Limited, buy the company report.
Board of directors of Garuda Fashions Private Limited
Garuda Fashions has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mettu Govinda Reddy | Managing Director | 20 Aug 1997 | 29 Years 2 Months | Current |
| Mettu Govindareddy Vishwanath | Director | 15 Sep 2006 | 20 Years 1 Months | Current |
| Amaranath Govinda Mittu | Director | 15 Jan 2011 | 15 Years 9 Months | Current |
| Kushal Mettu Reddy | Director | 07 Jul 2014 | 12 Years 4 Months | Current |
Peer comparison
Garuda Fashions Private Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| York Exports Limited | ₹35.09 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Truebrowns Lifestyle Private Limited | ₹34.6 Cr (FY 2024) | 60.0% | Haryana, India | |||
| Midas Knits Private Limited | ₹34.44 Cr (FY 2025) | 8.0% | Ludhiana, Punjab, India | |||
| Paraag Fabrics Limited | ₹33.61 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India | |||
| Garuda Fashions Private Limitedthis company | ₹33.46 Cr (FY 2025) | ₹33.88 Lakh | 1% | -12.0% | 102 | Bangalore, Karnataka, India |
| Sirjee Spark Fabrics Private Limited | ₹32.92 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Monalisa Synthetics Private Limited | ₹32.48 Cr (FY 2024) | 30.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Garuda Fashions Private Limited, buy the company report.
Auditor
Garuda Fashions Private Limited is audited by S.G. Bhat & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.G. Bhat & Co. | FY 2023 | 000473S |
Shareholding
The shareholding of Garuda Fashions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Garuda Fashions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18.95 Cr
Satisfied charges
₹30 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2004 | 80001858 | State Bank of India | ₹18.95 Cr | Open | |
| 15 Jan 1998 | 90195406 | State Bank of India | ₹30 Lakh | Satisfied |
To see the full charge records of Garuda Fashions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Garuda Fashions Private Limited has 90 court cases on record: 87 filed by Garuda Fashions, 3 filed against it. 2 cases are pending and 88 are disposed.
Total cases
90
Filed by the company
87
Filed against the company
3
Pending
2
Disposed
88
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 90)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against individuals | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against individuals | Disposed |
To see the full case history of Garuda Fashions Private 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.
Credit ratings & regulatory alerts
Garuda Fashions Private Limited was last rated by Icra on 29 Jun 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Jun 2018 |
To see the full credit ratings and regulatory alerts of Garuda Fashions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garuda Fashions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Garuda Fashions Private Limited has a workforce of 102 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
102
Active EPFO establishments
1
Employee growth
-92.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 13 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Garuda Fashions Private Limited, buy the company report.
GST
Garuda Fashions has 8 GST registrations: 1 active and 7 cancelled or inactive.
Total GSTINs
8
Active
1
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACG6054D1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garuda Fashions Private Limited, buy the company report.
Recent activity
Garuda Fashions Private Limited has 4 board changes on record since 1997: 4 appointments. The latest: Kushal Mettu Reddy was appointed as Director on 07 Jul 2014.
AGM
Garuda Fashions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Garuda Fashions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 18.95 Cr registered on 03 Jan 2004 with Charge ID 80001858 was modified on 30 Sep 2023.
Charges
A charge registered on 15 Jan 1998 via Charge ID 90195406 with State Bank Of India was fully satisfied on 19 Nov 2022.
Appointed
Kushal Mettu Reddy was appointed as Director.
Appointed
Amaranath Govinda Mittu was appointed as Director.
Appointed
Mettu Govindareddy Vishwanath was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 18.95 Cr with Charge ID 80001858 was registered on 03 Jan 2004.
Charges
A charge with State Bank Of India of Rs. 0.30 Cr registered on 15 Jan 1998 with Charge ID 90195406 was modified on 26 Dec 2001.
Charges
A charge with State Bank Of India amounted to Rs. 0.30 Cr with Charge ID 90195406 was registered on 15 Jan 1998.
Appointed
Mettu Govinda Reddy was appointed as Managing Director.
Incorporation
20 Aug 1997
Garuda Fashions Private Limited was registered on 20 Aug 1997 with Roc Bangalore & aged 29 years 2 months as per MCA records.
Frequently asked questions
Garuda Fashions is an active private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 20 August 1997 (29+ years old) and is registered under CIN U18101KA1997PTC022671.
Garuda Fashions has 4 current directors:
- Mettu Govinda Reddy - Managing Director
- Mettu Govindareddy Vishwanath - Director
- Amaranath Govinda Mittu - Director
- Kushal Mettu Reddy - Director
The latest financial statements of Garuda Fashions 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 Garuda Fashions is 29AAACG6054D1ZS, registered in Karnataka. The company has 8 GST registrations in all, of which 1 is active and 7 are cancelled or inactive.
The CIN (Corporate Identification Number) of Garuda Fashions is U18101KA1997PTC022671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Fashions has 90 court cases on record: 87 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Garuda Fashions was incorporated on 20 August 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Garuda Fashions by revenue are York Exports Limited, Truebrowns Lifestyle Private Limited, Midas Knits Private Limited, Paraag Fabrics Limited, Sirjee Spark Fabrics Private Limited and 1 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Kushal Mettu Reddy was appointed as Director on 07 Jul 2014. Amaranath Govinda Mittu was appointed as Director on 15 Jan 2011. Mettu Govindareddy Vishwanath was appointed as Director on 15 Sep 2006. Garuda Fashions has 4 board changes on record in total.
Yes, Garuda Fashions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-02-0012298).
Garuda Fashions can be reached through the website garudafashions.co.in. Its registered office is in Bangalore, Karnataka, India.
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