About Ginza Industries Ltd.
Data last updated:
Ginza Industries Ltd. is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Twistex India Ltd. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 24 July 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17297MH1986PLC310814. Its GSTIN is 27AABCG0675P1Z7 (Maharashtra). The company holds 14 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹27.5 Cr and a paid-up capital of ₹8.88 Cr. It was formerly known as Ginza Laces Ltd. It is led by directors including Arvind Kumar Sethia (Managing Director) and Ashok Kumar Sethia (Managing Director).
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 502 Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹370.44 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹7.93 Cr (net margin 2.1%) and EBITDA of ₹32.46 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
The company has about 2,494 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Soie and Ginza Industries. As per MCA filings, the company has open charges of ₹291.5 Cr and satisfied charges of ₹497.27 Cr on record. Court records list 55 cases involving the company, including 23 filed by the company and 27 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ginzalimited.com.
CIN History of Ginza Industries Ltd.
Ginza Industries has one previous CIN (Corporate Identification Number): U17297WB1986PLC040991. The current CIN is U17297MH1986PLC310814, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17297MH1986PLC310814 | Current |
| U17297WB1986PLC040991 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA – 501 & 502 Lotus Corporate Park Jay Coach Lane Off Western Express Highway Goregaon(Ea, St), Mumbai, Maharashtra, India – 400063
- IndustryFashion and Textile, Innerwear
- 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
- One PDF report, delivered after checkout
Associated Brands with Ginza Industries Ltd.
Ginza Industries operates two associated brands: Soie and Ginza Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform selling bras, panties, activewear, swimwear, and nightwear for women. | soie.in | |
| Textile manufacturing and apparel exports for various applications in India. | ginzalimited.com |
Business Activity of Ginza Industries Ltd.
The main business activity of Ginza Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ginza Industries Ltd. FY 2025 filings available
Ginza Industries Ltd. reported revenue of ₹370.44 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ginza Industries Ltd.
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 15% growth in the latest year. EBITDA fell 1% 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 of Ginza Industries Ltd.
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹32.46 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.93 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 Ginza Industries Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Ginza Industries are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ginza Industries Ltd.
Ginza Industries has 7 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvind Kumar Sethia Also directs: Ginza Lifestyles Limited, Twistex India Ltd | Managing Director | 22 Jan 2002 | 24 Years 8 Months | Current |
| Suresh Kumar Also directs: D D Towers Private Limited | Director | 12 Apr 2021 | 5 Years 6 Months | Current |
| Ashok Kumar Sethia Also directs: Ginza Lifestyles Limited, Twistex India Ltd | Managing Director | 24 Jul 1986 | 40 Years 2 Months | Current |
| Rita Ashok Sethia | Whole-Time Director | 06 Nov 2015 | 10 Years 11 Months | Current |
| Mayank Bhopal Ranka | Additional Director | 23 Dec 2024 | 1 Years 9 Months | Current |
| Laxmipat Banthia | Whole-Time Director | 06 May 2002 | 24 Years 5 Months | Current |
Peer Comparison of Ginza Industries Ltd.
Ginza Industries Ltd. is compared with the companies closest to it by revenue in the Apparel industry (Inner Wear, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bogmallo Enterprises Limited | ₹378.31 Cr (FY 2024) | •••• | •••• | 59.0% | •••• | Mumbai, Maharashtra, India |
| Indoworth India Limited | ₹376.52 Cr (FY 2019) | •••• | •••• | 11.0% | •••• | Nagpur, Maharashtra, India |
| Paramount Textile Mills Private Limited | ₹375.73 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Madurai, Tamil Nadu, India |
| BRFL Textiles Private Limited | ₹371.42 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Palghar, Maharashtra, India |
| Twistex India Ltd | ₹370.44 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Ginza Industries Ltd. this company | ₹370.44 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Sahiba Limited | ₹369.52 Cr (FY 2021) | •••• | •••• | -24.0% | •••• | Mangrol, Gujarat, India |
| Reliance Chemotex Industries Ltd Listed | ₹368.77 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Udaipur, Rajasthan, India |
| Kohinoor Elastics Pvt Ltd | ₹367.22 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Indore, Madhya Pradesh, India |
| Sri Nukala Rama Koteswara Rao Textiles Private Limited | ₹367.05 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Guntur, Andhra Pradesh, India |
| Bio Spinning Private Limited | ₹366.12 Cr (FY 2025) | •••• | •••• | 576.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Ginza Industries by revenue in the Apparel industry (Inner Wear, Textiles), 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 Ginza Industries Ltd.
Ginza Industries Ltd. is audited by Jana Jain & Associates for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jana Jain & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ginza Industries Ltd.
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ginza Industries Ltd.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Oct 2025 | Others | ₹17 Lakh | Open |
| 11 Aug 2025 | Others | ₹19.9 Lakh | Open |
| 28 Jan 2025 | Others | ₹36.93 Cr | Open |
| 08 Jan 2025 | Hdfc Bank Limited | ₹15.47 Lakh | Open |
| 19 Nov 2024 | Others | ₹41 Cr | Open |
Total charge records: 117 View all charges
Legal Cases of Ginza Industries Ltd.
Ginza Industries Ltd. has 55 court cases on record: 23 filed by Ginza Industries, 27 filed against it, 5 where it is another party. 8 cases are pending and 47 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 20 | 7 |
| High courts | 12 | 7 | 1 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed by the company against Samrat Gems Impex Private Limited | Pending |
| Bombay High Court | Court case (GRN) | Filed against the company by Shrink Packaging Systems Private Limited | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by Shrink Packaging Systems Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
Full case history
All 55 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Ginza Industries Ltd.
Ginza Industries Ltd. has 13 MSME Form 1 returns on record between 2019 and 2023, listing 2,496 overdue payments to 193 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 193)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Educe Consulting | •••• | •••• | •••• |
| J K Brothers | •••• | •••• | •••• |
| Messrs Sumeru Labels | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ginza Industries Ltd.
Ginza Industries Ltd. has a workforce of 2,494 employees as of Sep 23, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Ginza Industries Ltd.
Ginza Industries has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ginza Lifestyles Limited | U17290MH2011PLC215134 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Ginza Industries Ltd.
Ginza Industries Ltd. has 21 board changes on record since 1986: 8 appointments and 13 cessations. The latest: Bharat Gandhi Tribhovandas was appointed as Additional Director on 23 Jan 2025.
247 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ginza Industries Ltd.
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ginza Industries Ltd.
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ginza Industries Ltd.
Ginza Industries has 14 GST registrations: 9 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG0675P1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCG0675P3Z5 | Maharashtra | Active | 28 Mar 2025 |
| 07AABCG0675P1Z9 | Delhi | Active | 01 Jul 2017 |
| 24AABCG0675P1ZD | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ginza Industries Ltd.
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Ginza Industries Ltd.
Frequently Asked Questions about Ginza Industries Ltd.
Ginza Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 24 July 1986 (40+ years old) and is registered under CIN U17297MH1986PLC310814.
Ginza Industries reported revenue of ₹370.44 Cr for FY 2025 (up 15% YoY).
Ginza Industries has 7 current directors:
- Arvind Kumar Sethia - Managing Director
- Ashok Kumar Sethia - Managing Director
- Manoj Kumar Sethia - Managing Director
- Rita Ashok Sethia - Whole-Time Director
- Laxmipat Banthia - Whole-Time Director
- Suresh Kumar - Director
- Mayank Bhopal Ranka - Additional Director
Ginza Industries reported a net profit of ₹7.93 Cr (net margin 2.1%) and EBITDA of ₹32.46 Cr (EBITDA margin 8.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ginza Industries is 1% over three years and 3% over five years. In the latest year (FY 2025) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ginza Industries is 27AABCG0675P1Z7, registered in Maharashtra. The company has 14 GST registrations in all, of which 9 are active and 5 are cancelled or inactive. Other active GSTINs include 27AABCG0675P3Z5 (Maharashtra), 07AABCG0675P1Z9 (Delhi), 24AABCG0675P1ZD (Gujarat).
The CIN (Corporate Identification Number) of Ginza Industries is U17297MH1986PLC310814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ginza Industries has 55 court cases on record: 23 filed by the company and 27 filed against it. 8 are pending. Most are in the district courts.
Ginza Industries was incorporated on 24 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ginza Industries by revenue are Bogmallo Enterprises Limited, Indoworth India Limited, Paramount Textile Mills Private Limited, BRFL Textiles Private Limited, Twistex India Ltd and 5 more, all in the Apparel industry (Inner Wear, Textiles).
Bharat Gandhi Tribhovandas was appointed as Additional Director on 23 Jan 2025. Mayank Bhopal Ranka was appointed as Additional Director on 23 Dec 2024. Suresh Kumar ceased to be Additional Director on 29 Nov 2021. Ginza Industries has 21 board changes on record in total.
Ginza Industries has 13 MSME Form 1 returns on record between 2019 and 2023, listing 2,496 overdue payments to 193 micro and small suppliers. The latest return was filed on 20 Oct 2023.