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 23 cases involving the company, including 1 filed by the company and 22 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 7 peer companies in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 3 smaller; the largest is Shyam Tex Exports Limited with revenue of ₹114.61 Cr.
The last known website on record is greys-exim.com.
Company details
Contact details
Grey's Exim Private Limited's registered office is in Mumbai, Maharashtra. Its website is greys-exim.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA/2 309 Shahs & Nahar Ind Estdhanraj Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Grey's Exim 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
Business activity
The main business activity of Grey's Exim 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 Grey's Exim Private Limited, buy the company report.
Financials of Grey's Exim Private Limited
FY 2018 filings availableGrey's Exim Private Limited reported revenue of ₹107.71 Cr (down 38% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.1% | |||
| Net Profit Margin | 0.9% | |||
| 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 | ||||
To see the full financial statements and ratios of Grey's Exim Private Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Jayantilal Sedani Also directs: Furoh Fashion Private Limited | Director | 03 Dec 2022 | 3 Years 11 Months | As last reported |
| Prashant Jain | Irp/Rp/Liquidator | 21 Sep 2023 | 3 Years 1 Months | As last reported |
| Kamlesh Jayantilal Shah | Director | 16 Jan 2019 | 7 Years 9 Months | As last reported |
Peer comparison
Grey's Exim Private Limited is compared with the 7 companies closest to it by revenue in the Apparel industry (Branded 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 |
|---|---|---|---|---|---|---|
| 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 Limitedthis company | ₹107.71 Cr (FY 2018) | ₹92.32 Lakh | 0.9% | -38.0% | Mumbai, Maharashtra, 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 |
To see the full peer comparison of Grey's Exim Private Limited, buy the company report.
Auditor
Grey's Exim Private Limited is audited by SUDHIR M DESAI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR M DESAI & CO | FY 2018 | 125516W |
Shareholding
The shareholding of Grey's Exim Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Grey's Exim Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2017 | 100091330 | Others | ₹1 Cr | Open | |
| 27 Feb 2015 | 10552458 | Bank of Baroda | ₹2 Cr | Open | |
| 16 Oct 2014 | 10525413 | Bank of Baroda | ₹1.5 Cr | Open | |
| 23 Jun 2014 | 10504810 | Bank of Baroda | ₹1 Cr | Open | |
| 07 Jan 2008 | 10091884 | Bank of Baroda | ₹10 Lakh | Open |
To see the full charge records of Grey's Exim Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
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.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹1.27 Cr | Investors: 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2013 | Funding round | ₹5 Lakh | Investors: 4 individuals |
| Dec 2010 | Funding round | ₹50 Lakh | Investors: 4 individuals |
To see the full deal history of Grey's Exim Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Grey's Exim Private Limited has 23 court cases on record: 1 filed by Grey's Exim, 22 filed against it. 13 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 22 | 13 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Clix Capital Services Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Edelweiss Retail Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Piramal Capital and Housing Finance Limited Th. Girish Gaikwad | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
To see the full case history of Grey's Exim 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 Grey's Exim Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grey's Exim has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG3146L1ZI | Maharashtra | Active | 01 Jul 2017 |
| 29AACCG3146L1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grey's Exim Private Limited, buy the company report.
Recent activity
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.
12 earlier events are in the company report.
Frequently asked questions
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 has 3 current directors:
- Mehul Jayantilal Sedani - Director
- Kamlesh Jayantilal Shah - Director
- Prashant Jain - Irp/Rp/Liquidator
The latest financial statements of Grey's Exim on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
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 23 court cases on record: 1 filed by the company and 22 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.
The peers of Grey's Exim by revenue are Shyam Tex Exports Limited, Green Cotsyn Private Limited, S.N.Q.S. Internationals Private Limited, Ferro Sona Industries Limited, Asm Industries (India) Private Limited and 2 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Prashant Jain was appointed as Irp/Rp/Liquidator on 21 Sep 2023. Girish Nathan ceased to be Additional Director on 10 Dec 2022. Mehul Jayantilal Sedani was appointed as Director on 03 Dec 2022. Grey's Exim has 10 board changes on record in total.
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