Grey's Exim Private Limited

Grey's Exim Private Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U51909MH2005PTC151601 Incorporated 25 February 2005 ROC Mumbai HQ Mumbai, Maharashtra, India
Under Insolvency Private Limited Company fashion and textile
Data last updated
Revenue · FY 2018
₹107.71 Cr
▼ 38% YoY
Net profit · FY 2018
₹92.32 Lakh
Net margin 0.9%
EBITDA · FY 2018
₹7.7 Cr
EBITDA margin 7.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.27 Cr
Issued & subscribed
Open charges
₹68.9 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Directors on board
3
As per MCA filings

About Grey's Exim Private Limited

Data last updated:

Grey's Exim Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 25 February 2005.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2005PTC151601. Its GSTIN is 27AACCG3146L1ZI (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.27 Cr. It is led by directors including Mehul Jayantilal Sedani and Prashant Jain (Irp/Rp/Liquidator).

Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at A/2 309 Shahs & Nahar Ind Estdhanraj Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.

As per the financials filed for FY 2018, the company reported a revenue of ₹107.71 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹92.32 Lakh (net margin 0.9%) and EBITDA of ₹7.7 Cr (EBITDA margin 7.1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.

As per MCA filings, the company has open charges of ₹68.9 Cr on record. Court records list 22 cases involving the company, including 1 filed by the company and 17 filed against it; 13 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.26 Cr; the latest was in March 2015. Its 10 peer companies in the Apparel industry (Branded Wear) are compared by revenue, 5 larger and 5 smaller; the largest is K R B S Jewelery Private Limited with revenue of ₹121.59 Cr.

The last known website on record is greys-exim.com.

Company Details of Grey's Exim Private Limited
CIN U51909MH2005PTC151601
Registration Number 151601
Incorporation Date 25 February 2005
ROC Mumbai
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 30 September 2018
Date of Balance Sheet 31 March 2018
Compliance Status Active Non-Compliant
Key People
Mehul Jayantilal Sedani Director Prashant Jain Irp/Rp/Liquidator Kamlesh Jayantilal Shah Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    greys-exim.com
  • Social Media
    Locked
  • Registered Address
    A/2 309 Shahs & Nahar Ind Estdhanraj Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
  • Industry
    Fashion and Textile, Designer & Branded Fashion
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Financials, compliance, directors, charges, ownership and filings for Grey's Exim Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Grey's Exim Private Limited

The main business activity of Grey's Exim is manufacturing. In detail, this covers textile, leather and other apparel products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Grey's Exim Private Limited FY 2018 filings available

Grey's Exim Private Limited reported revenue of ₹107.71 Cr (down 38% YoY) for FY 2018.

Revenue · FY 2018
₹107.71 Cr ▼ 38%
Net profit · FY 2018
₹92.32 Lakh margin 0.9%
EBITDA · FY 2018
₹7.7 Cr margin 7.1%

Compounded Annual Growth Rate (CAGR) of Grey's Exim Private Limited

Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 14%

Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 38% fall in the latest year. EBITDA rose 29% 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 of Grey's Exim Private Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations₹107.71 Cr••••••••••••
Other Income••••••••••••••••
Total Revenue••••••••••••••••
Cost of Materials Consumed••••••••••••••••
Employee Benefit Expense••••••••••••••••
Finance Costs••••••••••••••••
Depreciation and Amortisation••••••••••••••••
Other Expenses••••••••••••••••
Total Expenses••••••••••••••••
EBITDA₹7.7 Cr••••••••••••
Profit Before Tax••••••••••••••••
Tax Expense••••••••••••••••
Net Profit (PAT)₹92.32 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 of Grey's Exim Private Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin7.1%••••••••••••
Net Profit Margin0.9%••••••••••••
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••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Grey's Exim are in the company report.

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Financial statements from 2015

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Peer Comparison of Grey's Exim Private Limited

Grey's Exim Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Branded Wear). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
K R B S Jewelery Private Limited₹121.59 Cr (FY 2025)••••••••16.0%••••Tirupur, Tamil Nadu, India
Shyam Tex Exports Limited₹114.61 Cr (FY 2025)••••••••27.0%••••Ishwar Nagar, Delhi, India
Green Cotsyn Private Limited₹108.96 Cr (FY 2025)••••••••-21.0%••••Tiruppur, Tamil Nadu, India
S.N.Q.S. Internationals Private Limited₹108.94 Cr (FY 2025)••••••••1.0%••••Tirupur, Tamil Nadu, India
Ferro Sona Industries Limited₹108.7 Cr (FY 2025)••••••••35.0%••••Ludhiana, Punjab, India
Grey's Exim Private Limited this company₹107.71 Cr (FY 2018)••••••••-38.0%••••Mumbai, Maharashtra, India
Pradhan Mercantile Private Limited₹107.32 Cr (FY 2025)••••••••37.0%••••Bangalore, Karnataka, India
Triumph Motorcycles (India) Private Limited₹107.19 Cr (FY 2022)••••••••50.0%••••Gurgaon, Haryana, India
Asm Industries (India) Private Limited₹104.98 Cr (FY 2025)••••••••-17.0%••••Mumbai, Maharashtra, India
Welco Agencies Private Limited₹103.83 Cr (FY 2025)••••••••16.0%••••Gurgaon, Haryana, India
Dilip Fabrics Private Limited₹102.35 Cr (FY 2025)••••••••4.0%••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Grey's Exim by revenue in the Apparel industry (Branded Wear), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Grey's Exim Private Limited

Grey's Exim Private Limited is audited by SUDHIR M DESAI & CO for the financial year 2018.

NameStatusAppointment DateCessation Date
SUDHIR M DESAI & COLockedLockedLocked
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Board of Directors of Grey's Exim Private Limited

Grey's Exim has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Mehul Jayantilal Sedani
Also directs: Furoh Fashion Private Limited
Director03 Dec 20223 Years 10 MonthsAs last reported
Prashant Jain
Also directs: Salvian Advisors LLP, Epj Investment Advisors LLP, Solvenza Advisory LLP
Irp/Rp/Liquidator21 Sep 20233 Years 0 MonthsAs last reported
Kamlesh Jayantilal ShahDirector16 Jan 20197 Years 8 MonthsAs last reported
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Ownership and Shareholding of Grey's Exim Private Limited

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Charges & Borrowings of Grey's Exim Private Limited

Open charges
₹68.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹63.90 Cr
Bank of Baroda₹5.00 Cr
Latest charge details
DateLenderAmountStatus
31 Mar 2017Others₹1 CrOpen
27 Feb 2015Bank of Baroda₹2 CrOpen
16 Oct 2014Bank of Baroda₹1.5 CrOpen
23 Jun 2014Bank of Baroda₹1 CrOpen
07 Jan 2008Bank of Baroda₹10 LakhOpen

Total charge records: 9 View all charges

Deals & Funding of Grey's Exim Private Limited

Grey's Exim Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.26 Cr; the latest was in March 2015.

Total deals
7
Funding rounds
5
Secondary share transfers
2
Disclosed funding
₹3.26 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2015Funding round₹1.27 CrInvestors: 3 individuals
Mar 2015Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jun 2013Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 4 individuals
Mar 2013Funding round₹5 LakhInvestors: 4 individuals
Dec 2010Funding round₹50 LakhInvestors: 4 individuals
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Grey's Exim Private Limited

Employment history and EPFO contributions of people linked to Grey's Exim.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Grey's Exim Private Limited

Grey's Exim Private Limited has 10 board changes on record since 2010: 3 appointments and 7 cessations. The latest: Prashant Jain was appointed as Irp/Rp/Liquidator on 21 Sep 2023.

Appointed
Prashant Jain was appointed as Irp/Rp/Liquidator.
Ceased
Girish Nathan ceased to be Additional Director.
Appointed
Mehul Jayantilal Sedani was appointed as Director.
Appointed
Kamlesh Jayantilal Shah was appointed as Director.
Ceased
Mehul Jayantilal Sedani ceased to be Director.
Ceased
Mita Mehul Sedani ceased to be Director.
AGM
Grey'S Exim Private Limited last Annual general meeting of members was held on 30 Sep 2018 as per latest MCA records.
Filing
Grey'S Exim Private Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100091330 was registered on 31 Mar 2017.
Charges
A charge with Others of Rs. 31.45 Cr registered on 31 May 2005 with Charge ID 80032778 was modified on 21 Jul 2016.
Charges
A charge with Others of Rs. 31.45 Cr registered on 31 May 2005 with Charge ID 80032781 was modified on 21 Jul 2016.
Charges
A charge with Bank Of Baroda amounted to Rs. 2.00 Cr with Charge ID 10552458 was registered on 27 Feb 2015.

12 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Grey's Exim Private Limited

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MSME Payment Delays by Grey's Exim Private Limited

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Subsidiaries & Group Companies of Grey's Exim Private Limited

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GST Compliance of Grey's Exim Private Limited

Grey's Exim has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AACCG3146L1ZIMaharashtraActive01 Jul 2017
29AACCG3146L1ZEKarnatakaActive01 Jul 2017
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MCA Filings & Documents of Grey's Exim Private Limited

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Frequently Asked Questions about Grey's Exim Private Limited

Grey's Exim is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

Grey's Exim is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 25 February 2005 and is registered under CIN U51909MH2005PTC151601. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Grey's Exim reported revenue of ₹107.71 Cr for FY 2018 (down 38% YoY).

Grey's Exim has 3 current directors:

Grey's Exim reported a net profit of ₹92.32 Lakh (net margin 0.9%) and EBITDA of ₹7.7 Cr (EBITDA margin 7.1%) for FY 2018, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Grey's Exim is -3% over three years. In the latest year (FY 2018) revenue fell 38%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Grey's Exim is U51909MH2005PTC151601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Grey's Exim has open charges of ₹68.9 Cr and no satisfied charges on record as per latest MCA filings.

Grey's Exim has 22 court cases on record: 1 filed by the company and 17 filed against it. 13 are pending.

Grey's Exim was incorporated on 25 February 2005. It is registered with the Registrar of Companies, Mumbai.

Grey's Exim has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3.26 Cr; the latest was in March 2015.

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