MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0002007
Glowknit Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹13.87 Cr
▲ 31% YoY
Net profit · FY 2025
₹4.61 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹2.2 Cr
EBITDA margin 15.9%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.99 Cr
Issued & subscribed
Open charges
₹7.5 Cr
Satisfied ₹62.26 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
7
Provident fund records
About Glowknit Private Limited
Data last updated:
Glowknit Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 29 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2002PTC040800. Its GSTIN is 24AAHCS5500M1ZB (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.99 Cr. It was formerly known as Vandevi Polysters Private Limited. It is led by directors including Rekha Ramesh Maheshwari and Asha Mittal.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.87 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹4.61 Lakh (net margin 0.3%) and EBITDA of ₹2.2 Cr (EBITDA margin 15.9%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 3% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹62.26 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 2 cases are pending.
Glowknit Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0002007). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shreebhav.com.
Company details
CIN U17119GJ2002PTC040800
Registration Number 040800
Incorporation Date 29 May 2002
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0002007
Name history
Glowknit has undergone 2 name changes throughout its history. The company was previously known as Vandevi Polysters Private Limited, and Glowknit Private Limited. The current legal name is Glowknit Private Limited.
| Company Name | Status |
|---|---|
| Glowknit Private Limited | Current |
| Vandevi Polysters Private Limited | Previous |
Recognitions & Rankings of Glowknit
Contact details
Glowknit Private Limited's registered office is in Surat, Gujarat. Its website is shreebhav.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address208 – 209 2nd Floor Sarvodaya Market, Nr. Rathi Palace Ring Road, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Glowknit Private Limited, buy the company report.
Comprehensive company report
Glowknit 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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Business activity
The main business activity of Glowknit 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 Glowknit Private Limited, buy the company report.
Financials of Glowknit Private Limited
FY 2025 filings availableGlowknit Private Limited reported revenue of ₹13.87 Cr (up 31% YoY) for FY 2025.
Revenue · FY 2025
₹13.87 Cr ▲ 31%
Net profit · FY 2025
₹4.61 Lakh margin 0.3%
EBITDA · FY 2025
₹2.2 Cr margin 15.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 28%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 325%
3 years · compounded
▲ 130%
5 years · compounded
▲ 60%
Revenue rose 31% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 325% 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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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.61 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 15.9% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Glowknit Private Limited, buy the company report.
Board of directors of Glowknit Private Limited
Glowknit has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rekha Ramesh Maheshwari Also directs: Novatis Fashion Private Limited | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
| Asha Mittal Also directs: Kesper Industries Private Limited | Director | 22 Apr 2025 | 1 Years 6 Months | Current |
| Ritushri Sunil Kabra Also directs: Novatis Fashion Private Limited, Manmath Enterprises Private Limited, Novatis Finovative Limited and 2 more | Director | 27 Feb 2024 | 2 Years 7 Months | Current |
| Ashok Kumar Mittal Also directs: Bhoomivas Probuild Private Limited | Additional Director | 18 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Glowknit Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Narayan Muni Spinners Private Limited | ₹13.89 Cr (FY 2024) | -48.0% | Ahmedabad, Gujarat, India | |||
| Artview Merchants Private Limited | ₹13.88 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Chhaparia Synthetics Private Limited | ₹13.87 Cr (FY 2024) | -14.0% | Mumbai, Maharashtra, India | |||
| Satyam Cotspin Private Limited | ₹13.87 Cr (FY 2025) | 0.0% | Uttar Pradesh, India | |||
| Glowknit Private Limitedthis company | ₹13.87 Cr (FY 2025) | ₹4.61 Lakh | 0.3% | 31.0% | 7 | Surat, Gujarat, India |
| Canary Apparels Private Limited | ₹13.86 Cr (FY 2025) | -11.0% | Kanpur, Uttar Pradesh, India | |||
| Dayanand Textile Industries Private Limited | ₹13.86 Cr (FY 2025) | -20.0% | Bhilwara, Rajasthan, India | |||
| Cotton Concept (India) Private Limited | ₹13.85 Cr (FY 2024) | -27.0% | Noida, Uttar Pradesh, India | |||
| Asif Spinners Private Limited | ₹13.84 Cr (FY 2024) | 15.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Glowknit Private Limited, buy the company report.
Auditor
Glowknit Private Limited is audited by S K Kabra and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K Kabra and Company | FY 2023 | 104508W |
Shareholding
The shareholding of Glowknit Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Glowknit Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.5 Cr
Satisfied charges
₹62.26 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2023 | 100787027 | Others | ₹5.9 Cr | Open | |
| 21 Aug 2023 | 100787042 | Others | ₹1.6 Cr | Open | |
| 06 May 2005 | 80018149 | Others | ₹30.73 Cr | Satisfied | |
| 28 Mar 2005 | 80018152 | State Bank of India | ₹80 Lakh | Satisfied | |
| 07 May 2004 | 80018147 | Others | ₹30.73 Cr | Satisfied |
To see the full charge records of Glowknit Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Glowknit Private Limited has 6 court cases on record: 1 filed by Glowknit, 5 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 2 | 1 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Religare Finvest Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by State Bank of India | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner Income Tax, Surat-2, | Pending |
To see the full case history of Glowknit 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 Glowknit Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Glowknit Private Limited has a workforce of 7 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-36.36%
GST
Glowknit has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS5500M1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Glowknit Private Limited, buy the company report.
Recent activity
Glowknit Private Limited has 9 board changes on record since 2013: 4 appointments and 5 cessations. The latest: Ashok Kumar Mittal was appointed as Additional Director on 18 Nov 2025.
Appointed
Ashok Kumar Mittal was appointed as Additional Director.
AGM
Glowknit Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Asha Mittal ceased to be Additional Director.
Appointed
Asha Mittal was appointed as Director.
Filing
Glowknit Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Ritushri Sunil Kabra was appointed as Director.
Ceased
Ramesh Maheshwari ceased to be Additional Director.
Ceased
Rekha Ramesh Maheshwari ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 5.90 Cr with Charge ID 100787027 was registered on 21 Aug 2023.
Charges
A charge with Others amounted to Rs. 1.60 Cr with Charge ID 100787042 was registered on 21 Aug 2023.
Charges
A charge registered on 06 May 2005 via Charge ID 80018149 with Others was fully satisfied on 01 Jul 2023.
Charges
A charge registered on 28 Mar 2005 via Charge ID 80018152 with State Bank Of India was fully satisfied on 01 Jul 2023.
10 earlier events are in the company report.
Frequently asked questions
Glowknit is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 May 2002 (24+ years old) and is registered under CIN U17119GJ2002PTC040800.
Glowknit has 4 current directors:
- Rekha Ramesh Maheshwari - Director
- Asha Mittal - Director
- Ritushri Sunil Kabra - Director
- Ashok Kumar Mittal - Additional Director
The latest financial statements of Glowknit 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 Glowknit is 24AAHCS5500M1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Glowknit is U17119GJ2002PTC040800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Glowknit has 6 court cases on record: 1 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Glowknit was incorporated on 29 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Glowknit by revenue are Narayan Muni Spinners Private Limited, Artview Merchants Private Limited, Chhaparia Synthetics Private Limited, Satyam Cotspin Private Limited, Canary Apparels Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ashok Kumar Mittal was appointed as Additional Director on 18 Nov 2025. Asha Mittal ceased to be Additional Director on 24 Jun 2025. Asha Mittal was appointed as Director on 22 Apr 2025. Glowknit has 9 board changes on record in total.
Yes, Glowknit is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0002007).
Glowknit can be reached through the website shreebhav.com. Its registered office is in Surat, Gujarat, India.