MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0004061
Goel Knits India Private Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.02 Cr
▼ 30% YoY
Net profit · FY 2024
₹16.69 Lakh
Net margin 2.1%
EBITDA · FY 2024
₹51.46 Lakh
EBITDA margin 6.4%
Authorised capital
₹76 Lakh
Registered with MCA
Paid-up capital
₹73.5 Lakh
Issued & subscribed
Open charges
₹5.87 Cr
Secured borrowings
Company age
30 yrs
Est. 1996
Employees · EPFO
4
Provident fund records
About Goel Knits India Private Limited
Data last updated:
Goel Knits India Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB1996PTC018143. Its GSTIN is 03AAACG6574C1ZZ (Punjab).
The company has an authorised share capital of ₹76 Lakh and a paid-up capital of ₹73.5 Lakh. It is led by directors including Nitin Goel and Anita Goel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gali No 5 Deep Nagar Civil Lines, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.02 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹16.69 Lakh (net margin 2.1%) and EBITDA of ₹51.46 Lakh (EBITDA margin 6.4%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Consul Clothing. As per MCA filings, the company has open charges of ₹5.87 Cr on record. Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it.
Goel Knits India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0004061). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website consulclothing.com.
Company details
CIN U17299PB1996PTC018143
Registration Number 018143
Incorporation Date 08 May 1996
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0004061
Recognitions & Rankings of Goel Knits India
Contact details
Goel Knits India Private Limited's registered office is in Ludhiana, Punjab. Its website is consulclothing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGali No 5 Deep Nagar Civil Lines, Ludhiana, Punjab, India – 141001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Goel Knits India Private Limited, buy the company report.
Comprehensive company report
Goel Knits India 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
Goel Knits India operates one associated brand: Consul Clothing. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality clothing, including sweaters, jackets, and coats, for modern consumers. | consulclothing.com |
Business activity
The main business activity of Goel Knits India 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 Goel Knits India Private Limited, buy the company report.
Financials of Goel Knits India Private Limited
FY 2024 filings availableGoel Knits India Private Limited reported revenue of ₹8.02 Cr (down 30% YoY) for FY 2024.
Revenue · FY 2024
₹8.02 Cr ▼ 30%
Net profit · FY 2024
₹16.69 Lakh margin 2.1%
EBITDA · FY 2024
₹51.46 Lakh margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 4%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▼ 5%
5 years · compounded
▲ 1%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 30% fall in the latest year. EBITDA fell 44% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹51.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.69 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Goel Knits India Private Limited, buy the company report.
Board of directors of Goel Knits India Private Limited
Goel Knits India has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Goel | Director | 24 Dec 2005 | 20 Years 10 Months | Current |
| Anita Goel | Director | 05 Aug 1996 | 30 Years 3 Months | Current |
| Rakesh Jindal | Director | 05 Aug 1996 | 30 Years 3 Months | Current |
| Sanjay Gupta | Director | 05 Aug 1996 | 30 Years 3 Months | Current |
| Gaurav Goel | Director | 14 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Goel Knits India Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Sitaram Digital Prints Private Limited | ₹8.03 Cr (FY 2024) | Surat, Gujarat, India | ||||
| Narayan Polyspin Private Limited | ₹8.02 Cr (FY 2024) | 12.0% | Surat, Gujarat, India | |||
| Lodha Fashion Private Limited | ₹8.02 Cr (FY 2025) | 50.0% | Pali, Rajasthan, India | |||
| Nirmal Textiles Private Limited | ₹8.02 Cr (FY 2025) | 52.0% | New Delhi, Delhi, India | |||
| Goel Knits India Private Limitedthis company | ₹8.02 Cr (FY 2024) | ₹16.69 Lakh | 2.1% | -30.0% | 4 | Ludhiana, Punjab, India |
| Radhikapati Textiles Private Limited | ₹8.02 Cr (FY 2019) | 236.0% | Surat, Gujarat, India | |||
| Grihani Fabrics India Private Limited | ₹8.01 Cr (FY 2025) | 8.0% | Sachin, Gujarat, India | |||
| Garminex Industries Private Limited | ₹8.01 Cr (FY 2022) | 19.0% | Bhiwandi, Maharashtra, India | |||
| Mothi Spinner Unit V Private Limited | ₹8.01 Cr (FY 2017) | -19.0% | Namakkal, Tamil Nadu, India | |||
| Satram Ventures Private Limited | ₹8.01 Cr (FY 2024) | 62.0% | Mukkam, Kerala, India |
To see the full peer comparison of Goel Knits India Private Limited, buy the company report.
Auditor
Goel Knits India Private Limited is audited by S P A A AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P A A AND ASSOCIATES | FY 2023 | 010288N |
Shareholding
The shareholding of Goel Knits India 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 Goel Knits India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2023 | 100839709 | Hdfc Bank Limited | ₹16.5 Lakh | Open | |
| 27 Jul 2023 | 100781658 | Hdfc Bank Limited | ₹17 Lakh | Open | |
| 24 Mar 2017 | 100091687 | State Bank of India | ₹9.63 Lakh | Open | |
| 20 Jan 2010 | 10200746 | State Bank of India | ₹3.39 Cr | Open | |
| 07 Jun 2005 | 90180970 | State Bank of India | ₹45 Lakh | Open |
To see the full charge records of Goel Knits India Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Goel Knits India Private Limited has 11 court cases on record: 5 filed by Goel Knits India, 6 filed against it. All cases are disposed.
Total cases
11
Filed by the company
5
Filed against the company
6
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 0 |
| High courts | 5 | 5 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Original application | Filed by the company against Ms Priknit Apparels Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Ms Priknit Apparels Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Ramji and Sons | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Income Tax Officer | Disposed |
| High Court, PUNJAB | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Goel Knits India 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 Goel Knits India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Goel Knits India Private Limited has a workforce of 4 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
GST
Goel Knits India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACG6574C1ZZ | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goel Knits India Private Limited, buy the company report.
Recent activity
Goel Knits India Private Limited has 7 board changes on record since 1996: 5 appointments and 2 cessations. The latest: Jagdish Goel ceased to be Director on 25 Dec 2022.
AGM
Goel Knits India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Goel Knits India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.50 Lakh with Charge ID 100839709 was registered on 21 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Lakh with Charge ID 100781658 was registered on 27 Jul 2023.
Ceased
Jagdish Goel ceased to be Director.
Ceased
Gaurav Goel ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 9.63 Lakh with Charge ID 100091687 was registered on 24 Mar 2017.
Appointed
Gaurav Goel was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 339.00 Lakh registered on 20 Jan 2010 with Charge ID 10200746 was modified on 25 May 2011.
Charges
A charge with State Bank Of India amounted to Rs. 339.00 Lakh with Charge ID 10200746 was registered on 20 Jan 2010.
Appointed
Nitin Goel was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 45.00 Lakh with Charge ID 90180970 was registered on 07 Jun 2005.
13 earlier events are in the company report.
Frequently asked questions
Goel Knits India is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 May 1996 (30+ years old) and is registered under CIN U17299PB1996PTC018143.
Goel Knits India has 5 current directors:
- Nitin Goel - Director
- Anita Goel - Director
- Rakesh Jindal - Director
- Sanjay Gupta - Director
- Gaurav Goel - Director
The latest financial statements of Goel Knits India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Goel Knits India is 03AAACG6574C1ZZ, registered in Punjab.
The CIN (Corporate Identification Number) of Goel Knits India is U17299PB1996PTC018143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goel Knits India has 11 court cases on record: 5 filed by the company and 6 filed against it. Most are in the district courts.
Goel Knits India was incorporated on 08 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Goel Knits India by revenue are Sitaram Digital Prints Private Limited, Narayan Polyspin Private Limited, Lodha Fashion Private Limited, Nirmal Textiles Private Limited, Radhikapati Textiles Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Jagdish Goel ceased to be Director on 25 Dec 2022. Gaurav Goel ceased to be Additional Director on 30 Sep 2017. Gaurav Goel was appointed as Director on 14 Mar 2017. Goel Knits India has 7 board changes on record in total.
Yes, Goel Knits India is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0004061).
Goel Knits India can be reached through the website consulclothing.com. Its registered office is in Ludhiana, Punjab, India.
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