Groversons Industries Private Limited

Groversons Industries Private Limited - fashion and textile in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U74899DL1987PTC029924 Incorporated 27 November 1987 ROC Delhi HQ New Delhi, Delhi, India
Active Private Limited Company fashion and textile MSME · Medium
Data last updated
Revenue · FY 2024
₹84.48 Cr
▼ 4% YoY
Net profit · FY 2024
₹93.66 Lakh
Net margin 1.1%
EBITDA · FY 2024
₹6.42 Cr
EBITDA margin 7.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹45.28 Lakh
Issued & subscribed
Open charges
₹29.9 Cr
Satisfied ₹53.87 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
208
Provident fund records

About Groversons Industries Private Limited

Data last updated:

Groversons Industries Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 27 November 1987 and has been in existence for over 39 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1987PTC029924.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45.28 Lakh. It is led by directors including Rakesh Grover (Managing Director) and Sheela Rani.

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 2665 – A/2 Beadon Pura Karol Bagh, New Delhi, Delhi, India – 110005.

As per the financials filed for FY 2024, the company reported a revenue of ₹84.48 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹93.66 Lakh (net margin 1.1%) and EBITDA of ₹6.42 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.

The company has about 208 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹29.9 Cr and satisfied charges of ₹53.87 Cr on record. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.16 Cr; the latest was in March 2009.

Groversons Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0009457). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website groversonsindia.com.

Company details

CIN U74899DL1987PTC029924
Registration Number 029924
Incorporation Date 27 November 1987
ROC Delhi
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 Medium
Udyam Registration UDYAM-HR-05-0009457
Key People
Rakesh Grover Managing Director Sheela Rani Director Karuna Grover Director

Recognitions & Rankings of Groversons Industries

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-HR-05-0009457

Contact details

Groversons Industries Private Limited's registered office is in New Delhi, Delhi. Its website is groversonsindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    groversonsindia.com
  • Social Media
  • Registered Address
    2665 – A/2 Beadon Pura Karol Bagh, New Delhi, Delhi, India – 110005
  • Industry
    Fashion and Textile, Innerwear

To see the full contact details of Groversons Industries Private Limited, buy the company report.

Comprehensive company report
Groversons Industries 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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Business activity

The main business activity of Groversons Industries is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Groversons Industries Private Limited, buy the company report.

Financials of Groversons Industries Private Limited

FY 2025 filings available

Groversons Industries Private Limited reported revenue of ₹84.48 Cr (down 4% YoY) for FY 2024.

Revenue · FY 2024
₹84.48 Cr ▼ 4%
Net profit · FY 2024
₹93.66 Lakh margin 1.1%
EBITDA · FY 2024
₹6.42 Cr margin 7.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 9%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 10%
5 years · compounded
▲ 3%

Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 3% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹6.42 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹93.66 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin7.6%
Net Profit Margin1.1%
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 Groversons Industries Private Limited, buy the company report.

Board of directors of Groversons Industries Private Limited

Groversons Industries has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sheela Rani
Also directs: Chaman Lal Enterprises Private Limited
Director27 Nov 198738 Years 11 MonthsCurrent
Karuna Grover
Also directs: Chaman Lal Enterprises Private Limited, Shiva Apartments Private Limited
Director27 Nov 198738 Years 11 MonthsCurrent
Siddharth Grover
Also directs: Groversons International Limited, Chaman Lal Enterprises Private Limited, Shiva Apartments Private Limited and 1 more
Director28 Aug 200917 Years 2 MonthsCurrent
Rakesh Grover
Also directs: Premo Wear Private Limited, Groversons International Limited, Chaman Lal Enterprises Private Limited and 2 more
Managing Director27 Nov 198738 Years 11 MonthsCurrent
Kanika Grover
Also directs: Premo Wear Private Limited, Groversons International Limited, Chaman Lal Enterprises Private Limited and 1 more
Director27 Nov 198738 Years 11 MonthsCurrent
View all directors

Auditor

Groversons Industries Private Limited is audited by Dharam Taneja Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Dharam Taneja AssociatesFY 2023003563N

Shareholding

The shareholding of Groversons Industries 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Groversons Industries Private Limited, buy the company report.

Charges & borrowings

Open charges
₹29.9 Cr
Satisfied charges
₹53.87 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹29.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 May 2025101123854Hdfc Bank Limited₹8.05 LakhOpen
31 Jul 2023100785460Hdfc Bank Limited₹68.45 LakhOpen
06 Mar 2021100440933Hdfc Bank Limited₹10.05 LakhOpen
30 Oct 2020100411822Hdfc Bank Limited₹90 LakhOpen
18 Apr 2019100269722Hdfc Bank Limited₹28.13 CrOpen

To see the full charge records of Groversons Industries Private Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

Groversons Industries Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.16 Cr; the latest was in March 2009.

Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹1.16 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Mar 2009Secondary share transferUndisclosedBuyer: Rakesh Grover Huf, 3 individuals
Seller: Finage Leasing Finance India Limited, The Commercial Motors Limited, Vanish Industries Private Limited , an individual
Mar 2008Funding round₹27 LakhInvestors: 4 individuals
Mar 2008Funding round₹89 LakhInvestors: Hillridge Investments Limited , Shalini Holding Limited, First Hi-Fin Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Groversons Industries Private Limited was last rated by Crisil on 31 Oct 2020.

Rating agencyRated onRating
Crisil31 Oct 2020

To see the full credit ratings and regulatory alerts of Groversons Industries Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Groversons Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Groversons Industries Private Limited has a workforce of 208 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
208
Active EPFO establishments
1
Employee growth
14.29%

GST

No GST registration is on our record for Groversons Industries Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Groversons Industries Private Limited has 7 board changes on record since 1987: 5 appointments and 2 cessations. The latest: Achal Bhutani ceased to be Director on 22 Aug 2013.

AGM
Groversons Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 2,813.45 Lakh registered on 18 Apr 2019 with Charge ID 100269722 was modified on 16 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.05 Lakh with Charge ID 101123854 was registered on 31 May 2025.
Filing
Groversons Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 68.45 Lakh with Charge ID 100785460 was registered on 31 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.05 Lakh with Charge ID 100440933 was registered on 06 Mar 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100411822 was registered on 30 Oct 2020.
Charges
A charge registered on 05 Jan 2016 via Charge ID 10617248 with Bank Of Baroda was fully satisfied on 07 Aug 2019.
Charges
A charge registered on 12 Feb 2014 via Charge ID 10480358 with Bank Of Baroda was fully satisfied on 07 Aug 2019.
Charges
A charge registered on 15 Jun 2011 via Charge ID 10365545 with Bank Of Baroda was fully satisfied on 07 Aug 2019.
Charges
A charge registered on 16 May 2011 via Charge ID 10365543 with Bank Of Baroda was fully satisfied on 07 Aug 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,813.45 Lakh with Charge ID 100269722 was registered on 18 Apr 2019.

30 earlier events are in the company report.

Frequently asked questions

Groversons Industries is an active private limited company based in New Delhi, Delhi, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 27 November 1987 (39+ years old) and is registered under CIN U74899DL1987PTC029924.

Groversons Industries has 5 current directors:

The latest financial statements of Groversons Industries 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 CIN (Corporate Identification Number) of Groversons Industries is U74899DL1987PTC029924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Groversons Industries was incorporated on 27 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Delhi.

Groversons Industries has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.16 Cr; the latest was in March 2009.

Achal Bhutani ceased to be Director on 22 Aug 2013. Siddharth Grover was appointed as Director on 28 Aug 2009. Rakesh Grover ceased to be Director on 10 Mar 2007. Groversons Industries has 7 board changes on record in total.

Yes, Groversons Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0009457).

Groversons Industries can be reached through the website groversonsindia.com. Its registered office is in New Delhi, Delhi, India.

The registered office of Groversons Industries is at 2665 – A2 Beadon Pura Karol Bagh, New Delhi, Delhi, India – 110005.