Happy Textiles Limited
About Happy Textiles Limited
Data last updated:
Happy Textiles Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 09 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1996PLC099385. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Sayarmal Ambasankar Dave and Jayendrakumar Dahyalal Bhavsar.
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 Bindal House Old Post Officelane Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹28,000, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹4,115 (net margin -14.7%) and EBITDA of -₹4,000 (EBITDA margin -14.3%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 33% over five years.
As per MCA filings, the company has satisfied charges of ₹4.2 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Happy Textiles has one previous CIN (Corporate Identification Number): L17120MH1996PLC099385. The current CIN is U17120MH1996PLC099385, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120MH1996PLC099385 | Current |
| L17120MH1996PLC099385 | Previous |
Contact details
Happy Textiles Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBindal House Old Post Officelane Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Happy Textiles 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 Happy Textiles is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Happy Textiles Limited, buy the company report.
Financials of Happy Textiles Limited
FY 2025 filings availableHappy Textiles Limited reported revenue of ₹28,000 (down 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 98% fall in the latest year. EBITDA fell 268% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹4,000 | ||||
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| Net Profit (PAT) | -₹4,115 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.3% | ||||
| Net Profit Margin | -14.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Happy Textiles Limited, buy the company report.
Board of directors of Happy Textiles Limited
Happy Textiles has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sayarmal Ambasankar Dave Also directs: Jay Textiles Pvt Ltd | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
| Jayendrakumar Dahyalal Bhavsar | Director | 13 Feb 2009 | 17 Years 8 Months | Current |
| Babulal Mafatlal Raval Also directs: Jay Textiles Pvt Ltd | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
Auditor
Happy Textiles Limited is audited by JINDAL & JINDAL for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JINDAL & JINDAL | FY 2018 | 104272W |
Shareholding
The shareholding of Happy Textiles 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 Happy Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 1998 | 90142152 | The Bank of Rajasthan Ltd. | ₹1 Cr | Satisfied | |
| 17 Dec 1994 | 90141831 | The Bank of Rajasthan Ltd. | ₹1 Cr | Satisfied | |
| 17 Dec 1994 | 90149210 | The Bank of Rajasthan Ltd. | ₹2.2 Cr | Satisfied |
To see the full charge records of Happy Textiles Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Happy Textiles Limited has 9 court cases on record: 6 filed by Happy Textiles, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 0 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed by the company against Bank of Rajasthan Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Bank of Rajasthan Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Bank of Rajasthan Ltd. and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Ms.Om Industrial Investment Ltd.M.D.Ashokkumar Omprakash | Disposed |
| Supreme Court | Court case (0419-Indirect Taxes Matters : Interpretation of the Central Excise Act & the rules) | Filed by the company against Union of India Tr.Commr.Cen.Excise & Cus | Disposed |
To see the full case history of Happy Textiles 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 Happy Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Happy Textiles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Happy Textiles Limited, buy the company report.
Recent activity
Happy Textiles Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Babulal Mafatlal Raval was appointed as Director on 30 Sep 2023.
8 earlier events are in the company report.
Frequently asked questions
Happy Textiles is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 09 May 1996 (30+ years old) and is registered under CIN U17120MH1996PLC099385.
Happy Textiles has 3 current directors:
- Sayarmal Ambasankar Dave - Director
- Jayendrakumar Dahyalal Bhavsar - Director
- Babulal Mafatlal Raval - Director
The latest financial statements of Happy Textiles 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.
No. Happy Textiles has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Happy Textiles is U17120MH1996PLC099385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Happy Textiles has 9 court cases on record: 6 filed by the company and 3 filed against it. Most are in the high courts.
Happy Textiles was incorporated on 09 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Babulal Mafatlal Raval was appointed as Director on 30 Sep 2023. Prabir Santosh Mandal ceased to be Director on 30 Sep 2023. Sayarmal Ambasankar Dave was appointed as Director on 30 Sep 2023. Happy Textiles has 9 board changes on record in total.
The registered office of Happy Textiles is at Bindal House Old Post Officelane Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
Happy Textiles operates in the home and lifestyle industry, in the textile retail and distribution segment.