About Glory Knitwears Private Limited
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Glory Knitwears Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 03 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB1998PTC021647. Its GSTIN is 03AABCG2143E1ZD (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Subhash Kumar Jain (Managing Director) and Varun Kumar Jain (Whole-Time 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 # 31 32 Sunder Nagar Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.95 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹13.55 Lakh (net margin 1.5%) and EBITDA of ₹79.45 Lakh (EBITDA margin 8.9%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.7 Cr and satisfied charges of ₹1.12 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website deerclubonline.com.
Company details
Contact details
Glory Knitwears Private Limited's registered office is in Ludhiana, Punjab. Its website is deerclubonline.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address# 31 32 Sunder Nagar Ludhiana, Punjab, India – 141007
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Glory Knitwears 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 Glory Knitwears 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 Glory Knitwears Private Limited, buy the company report.
Financials of Glory Knitwears Private Limited
FY 2025 filings availableGlory Knitwears Private Limited reported revenue of ₹8.95 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 26% fall in the latest year. EBITDA fell 22% 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 | ₹79.45 Lakh | ||||
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| Net Profit (PAT) | ₹13.55 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 8.9% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Glory Knitwears Private Limited, buy the company report.
Board of directors of Glory Knitwears Private Limited
Glory Knitwears has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Kumar Jain Also directs: Deer Club Fashions Private Limited | Whole-Time Director | 03 Aug 1998 | 28 Years 2 Months | Current |
| Parveen Jain | Director | 03 Aug 1998 | 28 Years 2 Months | Current |
| Sherry Jain | Director | 01 May 2013 | 13 Years 5 Months | Current |
| Subhash Kumar Jain Also directs: Deer Club Fashions Private Limited | Managing Director | 03 Aug 1998 | 28 Years 2 Months | Current |
Auditor
Glory Knitwears Private Limited is audited by Ashish Kamal Jain & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashish Kamal Jain & Co. | FY 2023 | 027224N |
Shareholding
The shareholding of Glory Knitwears 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) | |||||
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| Others |
To see the full shareholding pattern of Glory Knitwears Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2023 | 100761345 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 23 Jan 2023 | 100688496 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 09 Jul 2014 | 10512187 | Hdfc Bank Limited | ₹1.95 Cr | Open | |
| 20 Sep 2000 | 80011171 | State Bank of India | ₹1.12 Cr | Satisfied |
To see the full charge records of Glory Knitwears Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Glory Knitwears Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Glory Knitwears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Glory Knitwears Private Limited has a workforce of 19 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Glory Knitwears has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCG2143E1ZD | Punjab | Active | 01 Jul 2017 |
| 19AABCG2143E1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Glory Knitwears Private Limited, buy the company report.
Recent activity
Glory Knitwears Private Limited has 4 board changes on record since 1998: 4 appointments. The latest: Sherry Jain was appointed as Director on 01 May 2013.
2 earlier events are in the company report.
Frequently asked questions
Glory Knitwears is an active private limited company based in Ludhiana, Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 03 August 1998 (28+ years old) and is registered under CIN U18101PB1998PTC021647.
Glory Knitwears has 4 current directors:
- Subhash Kumar Jain - Managing Director
- Varun Kumar Jain - Whole-Time Director
- Parveen Jain - Director
- Sherry Jain - Director
The latest financial statements of Glory Knitwears 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 Glory Knitwears is 03AABCG2143E1ZD, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 19AABCG2143E1Z0 (West Bengal).
The CIN (Corporate Identification Number) of Glory Knitwears is U18101PB1998PTC021647. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glory Knitwears was incorporated on 03 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chandigarh.
Sherry Jain was appointed as Director on 01 May 2013. Parveen Jain was appointed as Director on 03 Aug 1998. Subhash Kumar Jain was appointed as Managing Director on 03 Aug 1998. Glory Knitwears has 4 board changes on record in total.
Glory Knitwears can be reached through the website deerclubonline.com. Its registered office is in Ludhiana, Punjab, India.
The registered office of Glory Knitwears is at # 31 32 Sunder Nagar Ludhiana, Punjab, India – 141007.
Glory Knitwears operates in the home and lifestyle industry, in the textile retail and distribution segment.