Goflex Limited
About Goflex Limited
Data last updated:
Goflex Limited is a public 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 24 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24100PB1994PLC014363. Its GSTIN is 03AABCD8578N1Z6 (Punjab). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5.32 Cr. It was formerly known as V S Yarns Private Limited. It is led by directors including Vishal Sharma (Managing Director) and Kritika Sagar.
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 B – Xx – 3369 Fifth Floor Gurdev Nagar Ferozepur Road, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2025, the company reported a revenue of ₹198.05 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹40.84 Lakh (net margin 0.2%) and EBITDA of ₹88.97 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 29% over five years.
The company has about 61 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹8 Cr on record. Court records list 25 cases involving the company, including 13 filed by the company and 12 filed against it; 8 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in October 2020. Its 4 peer companies in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Globe Multi Ventures Limited with revenue of ₹203.45 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Goflex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24100PB1994PLC014363, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100PB1994PLC014363 | Current |
| U24100PB1994PTC014363 | Previous |
| U65921PB1994PTC014363 | Previous |
Contact details
Goflex Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressB – Xx – 3369 Fifth Floor Gurdev Nagar Ferozepur Road, Ludhiana, Punjab, India – 141001
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Goflex 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 Goflex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Goflex Limited, buy the company report.
Financials of Goflex Limited
FY 2025 filings availableGoflex Limited reported revenue of ₹198.05 Cr (down 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 43% 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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| Total Expenses | |||||
| EBITDA | ₹88.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.84 Lakh | ||||
| Balance Sheet | |||||
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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 | 0.4% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Goflex Limited, buy the company report.
Board of directors of Goflex Limited
Goflex has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Sharma Also directs: Zeta Appnomics Private Limited | Managing Director | 06 Aug 2021 | 5 Years 2 Months | Current |
| Konark Sharma | Additional Director | 24 Dec 2025 | 0 Years 9 Months | Current |
| Kritika Sagar Also directs: Can Ends (India) Private Limited, Madcrayons Private Limited | Director | 14 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Goflex Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Globe Multi Ventures Limited | ₹203.45 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Jaec International Private Limited | ₹199.87 Cr (FY 2025) | 10.0% | Banagalore, Karnataka, India | |||
| Goflex Limitedthis company | ₹198.05 Cr (FY 2025) | ₹40.84 Lakh | 0.2% | -27.0% | Ludhiana, Punjab, India | |
| PRTL Enterprises Limited | ₹195.35 Cr (FY 2017) | 167.0% | Mumbai, Maharashtra, India | |||
| Shyam Polyspin Pvt Ltd | ₹193.2 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Goflex Limited, buy the company report.
Auditor
Goflex Limited is audited by K R AGGARWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R AGGARWAL & ASSOCIATES | FY 2023 | 030088N |
Shareholding
The shareholding of Goflex Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goflex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2025 | 101207417 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 26 Nov 2025 | 101199271 | Hdfc Bank Limited | ₹1.25 Cr | Open | |
| 31 Jan 2014 | 10480803 | Corporation Bank | ₹8 Cr | Satisfied |
To see the full charge records of Goflex Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Goflex Limited has 5 deals on record (5 secondary share transfers); the latest was in October 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sambhav Overseas Private Limited , Lazer Plywood Private Limited, 2 individuals |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Sambhav Overseas Private Limited , Rajen and Santosh Private Ltd , 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Goflex Limited has 25 court cases on record: 13 filed by Goflex, 12 filed against it. 8 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 11 | 8 |
| NCLT | 2 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Hitesh Yarn Agency Pvt Ltd | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by Gromor Overseas Limited | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by Resol Vinyls and Chlorides Ltd | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Yogesh Gordhanbhai Vilpara Autho Dir of Ms Qrex Flex Pvt Ltd | Pending |
| District court, Una, Himachal Pradesh | Civil miscellaneous application | Filed by the company against M/S Smartpaddle Technology Pvt Ltd | Pending |
To see the full case history of Goflex 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 Goflex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Goflex has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCD8578N1Z6 | Punjab | Active | 01 Jul 2017 |
| 02AABCD8578N1Z8 | Himachal Pradesh | Active | 16 Aug 2018 |
To see the full GST registrations and return filing status of Goflex Limited, buy the company report.
Recent activity
Goflex Limited has 37 board changes on record since 2004: 20 appointments and 17 cessations. The latest: Navneet Kaur ceased to be Director on 01 Jan 2026.
32 earlier events are in the company report.
Frequently asked questions
Goflex is an active public 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 24 March 1994 (32+ years old) and is registered under CIN U24100PB1994PLC014363.
Goflex has 3 current directors:
- Vishal Sharma - Managing Director
- Konark Sharma - Additional Director
- Kritika Sagar - Director
The latest financial statements of Goflex 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 Goflex is 03AABCD8578N1Z6, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 02AABCD8578N1Z8 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Goflex is U24100PB1994PLC014363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goflex has 25 court cases on record: 13 filed by the company and 12 filed against it. 8 are pending. Most are in the district courts.
Goflex was incorporated on 24 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
Goflex has 5 deals on record (5 secondary share transfers); the latest was in October 2020.
The peers of Goflex by revenue are Globe Multi Ventures Limited, Jaec International Private Limited, PRTL Enterprises Limited, Shyam Polyspin Pvt Ltd, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Navneet Kaur ceased to be Director on 01 Jan 2026. Konark Sharma was appointed as Additional Director on 24 Dec 2025. Ansh Jain ceased to be Director on 17 Nov 2025. Goflex has 37 board changes on record in total.
The registered office of Goflex is at B – Xx – 3369 Fifth Floor Gurdev Nagar Ferozepur Road, Ludhiana, Punjab, India – 141001.