MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-PB-01-0006689
Grover Knitters Private Limited
Grover Knitters Private Limited - manufacturing in Amritsar, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹89.23 Lakh
▼ 49% YoY
Net loss · FY 2025
₹54.92 Lakh
Net margin -61.6%
EBITDA · FY 2025
-₹28.05 Lakh
EBITDA margin -31.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹7.32 Cr
Satisfied ₹6.47 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
17
Provident fund records
About Grover Knitters Private Limited
Data last updated:
Grover Knitters Private Limited is a private limited company based in Amritsar, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 March 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115PB1999PTC022353. Its GSTIN is 03AAACG8209Q1ZE (Punjab).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Munish Arora and Satish Pal Arora.
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 Village Kherabad Ajnala Road, Amritsar, Punjab, India – 143008.
As per the financials filed for FY 2025, the company reported a revenue of ₹89.23 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹54.92 Lakh (net margin -61.6%) and EBITDA of -₹28.05 Lakh (EBITDA margin -31.4%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 30% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.32 Cr and satisfied charges of ₹6.47 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
Grover Knitters Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-01-0006689). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17115PB1999PTC022353
Registration Number 022353
Incorporation Date 16 March 1999
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-PB-01-0006689
Recognitions & Rankings of Grover Knitters
Contact details
Grover Knitters Private Limited's registered office is in Amritsar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Kherabad Ajnala Road, Amritsar, Punjab, India – 143008
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Grover Knitters Private Limited, buy the company report.
Comprehensive company report
Grover Knitters 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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Secure checkout · GST invoice included
Business activity
The main business activity of Grover Knitters 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 Grover Knitters Private Limited, buy the company report.
Financials of Grover Knitters Private Limited
FY 2025 filings availableGrover Knitters Private Limited reported revenue of ₹89.23 Lakh (down 49% YoY) for FY 2025.
Revenue · FY 2025
₹89.23 Lakh ▼ 49%
Net loss · FY 2025
₹54.92 Lakh margin -61.6%
EBITDA · FY 2025
-₹28.05 Lakh margin -31.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 45%
5 years · compounded
▼ 30%
EBITDA CAGR growth
1 year
▼ 500%
3 years · compounded
▼ 47%
5 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 49% fall in the latest year. EBITDA fell 500% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹28.05 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹54.92 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 | -31.4% | ||||
| Net Profit Margin | -61.6% | ||||
| 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 Grover Knitters Private Limited, buy the company report.
Board of directors of Grover Knitters Private Limited
Grover Knitters has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munish Arora | Director | 16 Mar 1999 | 27 Years 7 Months | Current |
| Satish Pal Arora | Director | 16 Mar 1999 | 27 Years 7 Months | Current |
| Rajeev Grover | Director | 16 Jan 2006 | 20 Years 9 Months | Current |
Peer comparison
Grover Knitters Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Yug Yarn Private Limited | ₹89.37 Lakh (FY 2017) | -21.0% | Surat, Gujarat, India | |||
| Space Star Exports Private Limited | ₹89.34 Lakh (FY 2025) | 12.0% | Bhilwara, Rajasthan, India | |||
| Grover Knitters Private Limitedthis company | ₹89.23 Lakh (FY 2025) | -₹54.92 Lakh | -61.6% | -49.0% | 17 | Amritsar, Punjab, India |
| Chaturbhuj Cotex Private Limited | ₹89.12 Lakh (FY 2025) | -15.0% | Shirpur, Maharashtra, India | |||
| Bahri Coal Sales Private Limited | ₹88.96 Lakh (FY 2020) | -72.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Grover Knitters Private Limited, buy the company report.
Auditor
Grover Knitters Private Limited is audited by SHIV K GUPTA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIV K GUPTA & CO | FY 2019 | 000139N |
Shareholding
The shareholding of Grover Knitters Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Grover Knitters Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.32 Cr
Satisfied charges
₹6.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2022 | 100602129 | Others | ₹2.04 Cr | Open | |
| 18 Jun 2020 | 100347518 | Others | ₹34 Lakh | Open | |
| 03 Aug 2012 | 10372621 | Oriental Bank of Commerce | ₹4.25 Lakh | Open | |
| 12 Apr 2010 | 10215081 | Oriental Bank of Commerce | ₹1.45 Cr | Open | |
| 28 Jul 2009 | 10222860 | Oriental Bank of Commerce | ₹1.7 Cr | Open |
To see the full charge records of Grover Knitters Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Grover Knitters Private Limited has 3 court cases on record: 2 filed by Grover Knitters, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Civil suit | Filed by the company against M/S Growel Impex Private Limited | Pending |
| District court, Amritsar, Punjab | Appeal | Filed against the company by M-S Growel Impex Pvt Ltd and 1 other | Disposed |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed by the company against M/S Reliable Overseas | Disposed |
To see the full case history of Grover Knitters 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 Grover Knitters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grover Knitters Private Limited has a workforce of 17 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
17
Active EPFO establishments
1
Employee growth
-5.56%
GST
Grover Knitters has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACG8209Q1ZE | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grover Knitters Private Limited, buy the company report.
Recent activity
Grover Knitters Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Rajeev Arora ceased to be Director on 31 Aug 2010.
AGM
Grover Knitters Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Grover Knitters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 2.04 Cr with Charge ID 100602129 was registered on 28 Jul 2022.
Charges
A charge with Others amounted to Rs. 0.34 Cr with Charge ID 100347518 was registered on 18 Jun 2020.
Charges
A charge with Oriental Bank Of Commerce of Rs. 1.75 Cr registered on 23 Dec 2003 with Charge ID 80039321 was modified on 14 Aug 2015.
Charges
A charge registered on 12 Apr 2010 via Charge ID 10215097 with Oriental Bank Of Commerce was fully satisfied on 25 Apr 2013.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 0.04 Cr with Charge ID 10372621 was registered on 03 Aug 2012.
Charges
A charge registered on 08 Aug 2006 via Charge ID 10021688 with Oriental Bank Of Commerce was fully satisfied on 23 Mar 2012.
Charges
A charge registered on 20 Oct 2010 via Charge ID 10253894 with Oriental Bank Of Commerce was fully satisfied on 30 Jul 2011.
Charges
A charge with Oriental Bank Of Commerce of Rs. 1.70 Cr registered on 28 Jul 2009 with Charge ID 10222860 was modified on 30 Jul 2011.
Charges
A charge registered on 12 May 2006 via Charge ID 80054324 with Oriental Bank Of Commerce was fully satisfied on 30 Jul 2011.
Charges
A charge registered on 20 Nov 2003 via Charge ID 90174251 with Oriental Bank Of Commerce was fully satisfied on 30 Jul 2011.
22 earlier events are in the company report.
Frequently asked questions
Grover Knitters is an active private limited company based in Amritsar, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 March 1999 (27+ years old) and is registered under CIN U17115PB1999PTC022353.
Grover Knitters has 3 current directors:
- Munish Arora - Director
- Satish Pal Arora - Director
- Rajeev Grover - Director
The latest financial statements of Grover Knitters 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 Grover Knitters is 03AAACG8209Q1ZE, registered in Punjab.
The CIN (Corporate Identification Number) of Grover Knitters is U17115PB1999PTC022353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grover Knitters has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending.
Grover Knitters was incorporated on 16 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Grover Knitters by revenue are Yug Yarn Private Limited, Space Star Exports Private Limited, Chaturbhuj Cotex Private Limited, Bahri Coal Sales Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Rajeev Arora ceased to be Director on 31 Aug 2010. Rajeev Grover was appointed as Director on 16 Jan 2006. Munish Arora was appointed as Director on 16 Mar 1999. Grover Knitters has 4 board changes on record in total.
Yes, Grover Knitters is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-01-0006689).
The registered office of Grover Knitters is at Village Kherabad Ajnala Road, Amritsar, Punjab, India – 143008.
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