Hai Apparel Limited
About Hai Apparel Limited
Data last updated:
Hai Apparel Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 24 July 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH2003PLC141463. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Sonal Shashank Mehta and Sudha Sureshchandra Mehta.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 4 3rd Fl Bradys Gladys Plaza1/447 Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2021, the company reported a revenue of ₹67,409, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.89 Lakh (net margin -279.6%) and EBITDA of -₹1.88 Lakh (EBITDA margin -279.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 64% over five years.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address4 3rd Fl Bradys Gladys Plaza1/447 Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013
- IndustryFashion and Textile, Designer & Branded Fashion
- 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
- One PDF report, delivered after checkout
Business Activity of Hai Apparel Limited
The main business activity of Hai Apparel is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hai Apparel Limited FY 2021 filings available
Hai Apparel Limited reported revenue of ₹67,409 (up 226% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Hai Apparel Limited
Revenue rose 226% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 64%. EBITDA fell 93% 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 Hai Apparel Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹1.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.89 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 Hai Apparel Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -279.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -279.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Hai Apparel are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Hai Apparel Limited
Hai Apparel Limited is compared with the companies closest to it by revenue in the Apparel industry (Apparel, Branded Wear). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rutashi Apparel Private Limited | ₹73,076 (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Novitas Textiles Private Limited | ₹72,961 (FY 2025) | •••• | •••• | -91.0% | •••• | Delhi, India |
| SBS Clothing Private Limited | ₹69,089 (FY 2018) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| B.M.S Investments Private Limited | ₹69,030 (FY 2025) | •••• | •••• | 667.0% | •••• | Karnataka, India |
| MNS Fashion Private Limited | ₹67,564 (FY 2024) | •••• | •••• | -94.0% | •••• | Delhi, India |
| Hai Apparel Limited this company | ₹67,409 (FY 2021) | •••• | •••• | 226.0% | •••• | Mumbai, Maharashtra, India |
| Jannat India Retails Private Limited | ₹66,510 (FY 2025) | •••• | •••• | 9520.0% | •••• | Jaipur, Rajasthan, India |
| General Garments Delhi Private Limited | ₹66,140 (FY 2024) | •••• | •••• | 654.0% | •••• | New Delhi, Delhi, India |
| Dujour Lifestyle Private Limited | ₹65,658 (FY 2024) | •••• | •••• | •••• | Ernakulam, Kerala, India | |
| M.L.G. Export Private Limited | ₹65,162 (FY 2018) | •••• | •••• | •••• | Faridabad, Haryana, India | |
| Sweaty Spirit Apparel Limited | ₹63,200 (FY 2022) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Hai Apparel by revenue in the Apparel industry (Apparel, 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 Hai Apparel Limited
Hai Apparel Limited is audited by SAMPAT & MEHTA for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMPAT & MEHTA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hai Apparel Limited
Hai Apparel has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonal Shashank Mehta | Director | 24 Jul 2003 | 23 Years 2 Months | As last reported |
| Sudha Sureshchandra Mehta Also directs: Quicksilver Financial Services Private Limited | Director | 24 Jul 2003 | 23 Years 2 Months | As last reported |
| Shashank Suresh Mehta | Director | 24 Jul 2003 | 23 Years 2 Months | As last reported |
Ownership and Shareholding of Hai Apparel Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hai Apparel Limited
Hai Apparel Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Hai Apparel Limited
Employment history and EPFO contributions of people linked to Hai Apparel.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Hai Apparel Limited
Hai Apparel Limited has 4 board changes on record since 2003: 3 appointments and 1 cessation. The latest: Sagar Shashank Mehta ceased to be Director on 30 Mar 2018.
Credit Ratings, Litigation & Regulatory Alerts for Hai Apparel Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hai Apparel Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hai Apparel Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hai Apparel Limited
Hai Apparel has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hai Apparel Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hai Apparel Limited
Hai Apparel has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Hai Apparel was a public limited company based in Mumbai, Maharashtra, India. The company worked in designer and branded fashion, within the fashion and textile industry. It was incorporated on 24 July 2003 and is registered under CIN U18101MH2003PLC141463. The company has been struck off by the Registrar of Companies and is no longer operational.
Hai Apparel had 3 directors:
- Sonal Shashank Mehta - Director
- Sudha Sureshchandra Mehta - Director
- Shashank Suresh Mehta - Director
The CIN (Corporate Identification Number) of Hai Apparel is U18101MH2003PLC141463. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Hai Apparel is at 4 3rd Fl Bradys Gladys Plaza1447 Senapati Bapat Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
Hai Apparel was incorporated on 24 July 2003. It is registered with the Registrar of Companies, Mumbai.
Hai Apparel reported revenue of ₹67,409 for FY 2021 (up 226% YoY).
Hai Apparel has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh.
Hai Apparel reported a net loss of ₹1.89 Lakh (net margin -279.6%) and EBITDA of -₹1.88 Lakh (EBITDA margin -279.6%) for FY 2021, as per its filed financial statements.
No. Hai Apparel has 1 GST registration on record and it is cancelled or inactive.
Hai Apparel operated in the fashion and textile industry, in the designer and branded fashion segment. It worked in this industry before it was struck off.