Garuda Textiles Private Limited
About Garuda Textiles Private Limited
Data last updated:
Garuda Textiles Private Limited is a private limited company based in Solapur, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 21 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17119PN1991PTC059893. Its GSTIN is 27AAACG6909K1ZD (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11.9 Lakh. It is led by directors Kaustubh Vishwanath Karwa and Nanda Vishwanath Karwa.
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 C – 10/2/26/27 Akkalkot Road M I D C, Solapur, Maharashtra, India – 413006.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.98 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹3.92 Lakh (net margin 0.3%) and EBITDA of ₹32.26 Lakh (EBITDA margin 2.5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹3.51 Cr and satisfied charges of ₹3.4 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Garuda Textiles has one previous CIN (Corporate Identification Number): U17119MH1991PTC059893. The current CIN is U17119PN1991PTC059893, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119PN1991PTC059893 | Current |
| U17119MH1991PTC059893 | Previous |
Contact details
Garuda Textiles Private Limited's registered office is in Solapur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 10/2/26/27 Akkalkot Road M I D C, Solapur, Maharashtra, India – 413006
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Garuda Textiles Private 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 Textiles is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles |
To see the full business activity and turnover split of Garuda Textiles Private Limited, buy the company report.
Financials of Garuda Textiles Private Limited
FY 2025 filings availableGaruda Textiles Private Limited reported revenue of ₹12.98 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 29% 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 | ₹32.26 Lakh | ||||
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| Net Profit (PAT) | ₹3.92 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 | 2.5% | ||||
| Net Profit Margin | 0.3% | ||||
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To see the full financial statements and ratios of Garuda Textiles Private Limited, buy the company report.
Board of directors of Garuda Textiles Private Limited
Garuda Textiles has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaustubh Vishwanath Karwa | Director | 08 Dec 2000 | 25 Years 10 Months | Current |
| Nanda Vishwanath Karwa | Director | 06 May 1992 | 34 Years 5 Months | Current |
Auditor
Garuda Textiles Private Limited is audited by S.G.BHUTADA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.G.BHUTADA AND ASSOCIATES | FY 2023 | 101479W |
Shareholding
The shareholding of Garuda Textiles 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 Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2020 | 100347788 | Others | ₹67.4 Lakh | Open | |
| 11 Jul 2016 | 100043630 | Others | ₹2.84 Cr | Open | |
| 29 Dec 2015 | 100032818 | Punjab National Bank | ₹2.2 Cr | Satisfied | |
| 30 May 2011 | 10290772 | Vyapari Sahkari Bank Maryadit | ₹70 Lakh | Satisfied | |
| 25 Nov 2008 | 10142517 | Vikas Sahkari Bank Ltd | ₹50 Lakh | Satisfied |
To see the full charge records of Garuda Textiles Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Garuda Textiles Private Limited has 2 court cases on record: 2 filed by Garuda Textiles. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Garuda Textiles 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garuda Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garuda Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG6909K1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garuda Textiles Private Limited, buy the company report.
Recent activity
Garuda Textiles Private Limited has 3 board changes on record since 1992: 2 appointments and 1 cessation. The latest: Vishwanath Lalchand Karwa ceased to be Managing Director on 08 Dec 2015.
4 earlier events are in the company report.
Frequently asked questions
Garuda Textiles is an active private limited company based in Solapur, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 21 January 1991 (35+ years old) and is registered under CIN U17119PN1991PTC059893.
Garuda Textiles has 2 current directors:
- Kaustubh Vishwanath Karwa - Director
- Nanda Vishwanath Karwa - Director
The latest financial statements of Garuda Textiles 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 Textiles is 27AAACG6909K1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Garuda Textiles is U17119PN1991PTC059893. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Textiles has 2 court cases on record: 2 filed by the company.
Garuda Textiles was incorporated on 21 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Pune.
Vishwanath Lalchand Karwa ceased to be Managing Director on 08 Dec 2015. Kaustubh Vishwanath Karwa was appointed as Director on 08 Dec 2000. Nanda Vishwanath Karwa was appointed as Director on 06 May 1992.
The registered office of Garuda Textiles is at C – 1022627 Akkalkot Road M I D C, Solapur, Maharashtra, India – 413006.
Garuda Textiles operates in the home and lifestyle industry, in the textile retail and distribution segment.