About Goyal Knitwears Private Limited
Data last updated:
Goyal Knitwears Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 14 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB1999PTC022573. Its GSTIN is 03AABCG0964F1Z2 (Punjab).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.15 Cr. It is led by directors Tushar Goyal and Monika Goyal.
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 – Xxxix 108/Ag T Road Sherpur Chowk, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2025, the company reported a revenue of ₹3 Lakh, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹20.95 Lakh and EBITDA of ₹2.56 Lakh (EBITDA margin 85.4%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 74% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹97.33 Cr and satisfied charges of ₹5.8 Cr on record. Court records list 45 cases involving the company, including 23 filed by the company and 22 filed against it; 2 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 goyalknitwears.com.
Company details
CIN history
Goyal Knitwears has one previous CIN (Corporate Identification Number): U18101PB1999PLC022573. The current CIN is U18101PB1999PTC022573, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101PB1999PTC022573 | Current |
| U18101PB1999PLC022573 | Previous |
Contact details
Goyal Knitwears Private Limited's registered office is in Ludhiana, Punjab. Its website is goyalknitwears.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – Xxxix 108/Ag T Road Sherpur Chowk, Ludhiana, Punjab, India – 141003
- IndustryFashion and Textile, Innerwear
To see the full contact details of Goyal 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
Financials of Goyal Knitwears Private Limited
FY 2025 filings availableGoyal Knitwears Private Limited reported revenue of ₹3 Lakh (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years, including a 11% fall in the latest year. EBITDA fell 15% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.95 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 85.4% | ||||
| Net Profit Margin | |||||
| 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 Goyal Knitwears Private Limited, buy the company report.
Board of directors of Goyal Knitwears Private Limited
Goyal Knitwears has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monika Goyal | Additional Director | 08 Aug 2022 | 4 Years 2 Months | Current |
| Tushar Goyal Also directs: Geetu Overseas Private Limited | Director | 20 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Goyal Knitwears Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Inner Wear), 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 |
|---|---|---|---|---|---|---|
| Burnet Rose Lingerie Private Limited | ₹3.73 Lakh (FY 2025) | -91.0% | Bengaluru, Karnataka, India | |||
| Bella Vista Fashions Private Limited | ₹3.39 Lakh (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Newway Texknits Industry Private Limited | ₹3.02 Lakh (FY 2023) | -97.0% | Hyderabad, Telangana, India | |||
| Goyal Knitwears Private Limitedthis company | ₹3 Lakh (FY 2025) | -₹20.95 Lakh | -11.0% | 8 | Ludhiana, Punjab, India |
To see the full peer comparison of Goyal Knitwears Private Limited, buy the company report.
Auditor
Goyal Knitwears Private Limited is audited by MANISH K GUPTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANISH K GUPTA & ASSOCIATES | FY 2023 | 016533N |
Shareholding
The shareholding of Goyal 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goyal Knitwears Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2014 | 10523171 | Sbi Global Factors Limited | ₹6.3 Cr | Open | |
| 26 Jun 2014 | 10516530 | Canara Bank | ₹32.53 Cr | Open | |
| 11 Feb 2009 | 10149173 | Canara Bank | ₹7.59 Cr | Open | |
| 19 Jun 2004 | 90183264 | Canara Bank | ₹3.25 Cr | Open | |
| 18 May 2004 | 90183247 | Canara Bank | ₹70 Lakh | Open |
To see the full charge records of Goyal Knitwears Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Goyal Knitwears Private Limited has 45 court cases on record: 23 filed by Goyal Knitwears, 22 filed against it. 2 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 22 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Malerkotla, Punjab | Cheque dishonour complaint | Filed by the company against Ms Primus Retail Pvt. Ltd Thro Palepu Sudhir Rao | Disposed |
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed by the company against M/S Ashoka Knitting Works | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Ashoka Knitting Works | Pending |
| District court, Ludhiana, Punjab | Bail application | Filed against the company by M/S Ashoka Knitting Works | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed by the company against M/S Ashoka Knitting Works(Regd.) and 1 other | Disposed |
To see the full case history of Goyal Knitwears 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
Goyal Knitwears Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 6 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Vije Jain Knitfab Private Limited | |||
| Sunamia Knitwears (P) | |||
| Sadan Hosiery Pvt.Ltd. |
To see the full MSME payment records of Goyal Knitwears Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Goyal Knitwears Private Limited has a workforce of 8 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Goyal Knitwears has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCG0964F1Z2 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goyal Knitwears Private Limited, buy the company report.
Recent activity
Goyal Knitwears Private Limited has 8 board changes on record since 2013: 2 appointments and 6 cessations. The latest: Monika Goyal was appointed as Additional Director on 08 Aug 2022.
9 earlier events are in the company report.
Frequently asked questions
Goyal Knitwears is an active private limited company based in Ludhiana, Punjab, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 14 May 1999 (27+ years old) and is registered under CIN U18101PB1999PTC022573.
Goyal Knitwears has 2 current directors:
- Monika Goyal - Additional Director
- Tushar Goyal - Director
The latest financial statements of Goyal 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 Goyal Knitwears is 03AABCG0964F1Z2, registered in Punjab.
The CIN (Corporate Identification Number) of Goyal Knitwears is U18101PB1999PTC022573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goyal Knitwears has 45 court cases on record: 23 filed by the company and 22 filed against it. 2 are pending. Most are in the district courts.
Goyal Knitwears was incorporated on 14 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Goyal Knitwears by revenue are Burnet Rose Lingerie Private Limited, Bella Vista Fashions Private Limited, Newway Texknits Industry Private Limited, all in the Apparel industry (Inner Wear), with the same principal business activity (textile, leather and other apparel products).
Monika Goyal was appointed as Additional Director on 08 Aug 2022. Surinder Kumar Goyal ceased to be Whole-Time Director on 17 Jul 2022. Sudarshan Kumar Gupta ceased to be Additional Director on 22 Feb 2018. Goyal Knitwears has 8 board changes on record in total.
Goyal Knitwears has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Goyal Knitwears can be reached through the website goyalknitwears.com. Its registered office is in Ludhiana, Punjab, India.
The registered office of Goyal Knitwears is at B – Xxxix 108Ag T Road Sherpur Chowk, Ludhiana, Punjab, India – 141003.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
