About Harmony Yarns Private Limited
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Harmony Yarns Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74110GJ1997PTC033489. Its GSTIN is 24AAACH5895F2ZH (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.65 Cr. It is led by directors Binod Kumar Saraf and Ashok Kumar Kejriwal.
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 Plot – 65 1st Floor Subhash Nagar Society Ghod Dod Road Nr. Ram Chowk, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2023, the company reported a revenue of ₹141.66 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.83 Cr (net margin 1.3%) and EBITDA of ₹4.22 Cr (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹129.51 Cr and satisfied charges of ₹129.05 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harmonyyarns.in.
Company details
CIN history
Harmony Yarns has one previous CIN (Corporate Identification Number): U52100GJ1997PTC033489. The current CIN is U74110GJ1997PTC033489, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110GJ1997PTC033489 | Current |
| U52100GJ1997PTC033489 | Previous |
Contact details
Harmony Yarns Private Limited's registered office is in Surat, Gujarat. Its website is harmonyyarns.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot – 65 1st Floor Subhash Nagar Society Ghod Dod Road Nr. Ram Chowk, Surat, Gujarat, India – 395001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Harmony Yarns 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
Financials of Harmony Yarns Private Limited
FY 2025 filings availableHarmony Yarns Private Limited reported revenue of ₹141.66 Cr (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 21% growth in the latest year. EBITDA rose 42% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹141.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.83 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Harmony Yarns Private Limited, buy the company report.
Board of directors of Harmony Yarns Private Limited
Harmony Yarns has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Binod Kumar Saraf | Director | 23 Aug 1998 | 28 Years 2 Months | Current |
| Ashok Kumar Kejriwal Also directs: Mythic Tex Fab LLP, Kachholi Diamond LLP, Shanu Tex and Developers Private Limited and 5 more | Director | 01 Apr 2006 | 20 Years 6 Months | Current |
Auditor
Harmony Yarns Private Limited is audited by H. TOSNIWAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. TOSNIWAL & CO. | FY 2023 | 111032W |
Shareholding
The shareholding of Harmony Yarns 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harmony Yarns Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2022 | 100525725 | Axis Bank Limited | ₹70.35 Cr | Open | |
| 06 Feb 2021 | 100415964 | Axis Bank Limited | ₹59.16 Cr | Open | |
| 14 Oct 2022 | 100621873 | Axis Bank Limited | ₹2.5 Cr | Satisfied | |
| 24 Nov 2021 | 100516053 | Axis Bank Limited | ₹8.22 Cr | Satisfied | |
| 02 Dec 2020 | 100395095 | Axis Bank Limited | ₹33.45 Cr | Satisfied |
To see the full charge records of Harmony Yarns Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Harmony Yarns Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Harmony Yarns Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 20 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alliance Fibres Private Limited | |||
| M/S Alidhra Electronics Industries | |||
| an individual supplier | |||
| Alliance Filaments Private Limited |
To see the full MSME payment records of Harmony Yarns Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Harmony Yarns has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH5895F2ZH | Gujarat | Active | 21 Mar 2024 |
To see the full GST registrations and return filing status of Harmony Yarns Private Limited, buy the company report.
Recent activity
Harmony Yarns Private Limited has 8 board changes on record since 1998: 5 appointments and 3 cessations. The latest: Nareshbhai Champaklal Gandhi ceased to be Director on 31 Dec 2014.
18 earlier events are in the company report.
Frequently asked questions
Harmony Yarns is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 December 1997 (29+ years old) and is registered under CIN U74110GJ1997PTC033489.
Harmony Yarns has 2 current directors:
- Binod Kumar Saraf - Director
- Ashok Kumar Kejriwal - Director
The latest financial statements of Harmony Yarns 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 Harmony Yarns is 24AAACH5895F2ZH, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Harmony Yarns is U74110GJ1997PTC033489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harmony Yarns was incorporated on 24 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nareshbhai Champaklal Gandhi ceased to be Director on 31 Dec 2014. Nareshbhai Champaklal Gandhi was appointed as Director on 08 Jul 2013. Rajesh Mahabir Prasad Agarwal ceased to be Director on 11 Jun 2009. Harmony Yarns has 8 board changes on record in total.
Harmony Yarns has 2 MSME Form 1 returns on record between 2023 and 2024, listing 20 overdue payments to 4 micro and small suppliers. The latest return was filed on 01 May 2024.
Harmony Yarns can be reached through the website harmonyyarns.in. Its registered office is in Surat, Gujarat, India.
The registered office of Harmony Yarns is at Plot – 65 1st Floor Subhash Nagar Society Ghod Dod Road Nr. Ram Chowk, Surat, Gujarat, India – 395001.
Harmony Yarns operates in the manufacturing industry, in the textile and fabric production segment.