Honest Yarn Private Limited

Honest Yarn Private Limited - manufacturing in Chotila, Gujarat, India. FY 2026 financials & compliance.
CIN U17309GJ2017PTC097107 Incorporated 26 April 2017 ROC Ahmedabad HQ Chotila, Gujarat, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2024
₹23.08 Cr
▼ 44% YoY
Net loss · FY 2024
₹19.64 Lakh
Net margin -0.9%
EBITDA · FY 2024
₹52.09 Lakh
EBITDA margin 2.3%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹2.15 Cr
Satisfied ₹4.41 Cr
Company age
9 yrs
Est. 2017
Directors on board
5
As per MCA filings

About Honest Yarn Private Limited

Data last updated:

Honest Yarn Private Limited is a private limited company based in Chotila, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 26 April 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17309GJ2017PTC097107. Its GSTIN is 24AAECH1703Q1ZK (Gujarat).

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Ilaben Bharatkumar Sejpal and Mansukhlal Maru.

Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at At Navagam Taluka – Chotila Dist – Surendranagar, Gujarat, India – 363530.

As per the financials filed for FY 2024, the company reported a revenue of ₹23.08 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹19.64 Lakh (net margin -0.9%) and EBITDA of ₹52.09 Lakh (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 8% over five years.

As per MCA filings, the company has open charges of ₹2.15 Cr and satisfied charges of ₹4.41 Cr on record.

Honest Yarn Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-23-0005290). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U17309GJ2017PTC097107
Registration Number 097107
Incorporation Date 26 April 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-23-0005290
Key People
Ilaben Bharatkumar Sejpal Director Mansukhlal Maru Director Fanil Rajeshbhai Pithadia Director

Recognitions & Rankings of Honest Yarn

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-23-0005290

Contact details

Honest Yarn Private Limited's registered office is in Chotila, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    At Navagam Taluka – Chotila Dist – Surendranagar, Gujarat, India – 363530
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Honest Yarn Private Limited, buy the company report.

Comprehensive company report
Honest Yarn 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 Honest Yarn is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

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

Financials of Honest Yarn Private Limited

FY 2025 filings available

Honest Yarn Private Limited reported revenue of ₹23.08 Cr (down 44% YoY) for FY 2024.

Revenue · FY 2024
₹23.08 Cr ▼ 44%
Net loss · FY 2024
₹19.64 Lakh margin -0.9%
EBITDA · FY 2024
₹52.09 Lakh margin 2.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 2%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 183%
3 years · compounded
▼ 20%
5 years · compounded
▼ 8%

Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 44% fall in the latest year. EBITDA rose 183% 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₹52.09 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹19.64 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 Margin2.3%
Net Profit Margin-0.9%
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 Honest Yarn Private Limited, buy the company report.

Board of directors of Honest Yarn Private Limited

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

Current Directors
NameDesignationAppointment DateTenureStatus
Ilaben Bharatkumar SejpalDirector26 Apr 20179 Years 6 MonthsCurrent
Mansukhlal MaruDirector26 Apr 20179 Years 6 MonthsCurrent
Fanil Rajeshbhai PithadiaDirector26 Apr 20179 Years 6 MonthsCurrent
Saminraja Fidahusen Halani
Also directs: Pima Finance Aiding Private Limited, Pima Investment Limited
Director22 Mar 20188 Years 7 MonthsCurrent
Sahil Joliali Halani
Also directs: Jolly Tradeinfra Private Limited
Director24 Feb 20233 Years 8 MonthsCurrent
View all directors

Peer comparison

Honest Yarn Private Limited is compared with the 7 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Kalra Textile Mills Private Limited₹23.11 Cr (FY 2024)-9.0%Ludhiana, Punjab, India
Charchit Apparels Private Limited₹23.1 Cr (FY 2025)17.0%Ahmedabad, Gujarat, India
Frisco Fab Dyeing and Printing Private Limited₹23.1 Cr (FY 2020)47.0%New Delhi, Delhi, India
Honest Yarn Private Limitedthis company₹23.08 Cr (FY 2024)-₹19.64 Lakh-0.9%-44.0%Chotila, Gujarat, India
Komal Texart Private Limited₹23.08 Cr (FY 2023)23.0%Surat, Gujarat, India
Radharani Processors Private Limited₹23.05 Cr (FY 2025)18.0%Nagar Surat, Gujarat, India
Jaswant Garments Private Limited₹23.04 Cr (FY 2025)20.0%New Delhi, Delhi, India
Jainco Syntex Pvt Ltd₹23.03 Cr (FY 2025)7.0%Kolhapur, Maharashtra, India

To see the full peer comparison of Honest Yarn Private Limited, buy the company report.

Auditor

Honest Yarn Private Limited is audited by NANAK PUNWANI & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
NANAK PUNWANI & COFY 2023112795W

Shareholding

The shareholding of Honest Yarn Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Honest Yarn Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2.15 Cr
Satisfied charges
₹4.41 Cr
Breakdown by lending institutions
Others₹2.15 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Feb 2024100881316Others₹2.15 CrOpen
17 Jul 2017100115703State Bank of India₹4.41 CrSatisfied

To see the full charge records of Honest Yarn Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

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

GST

Honest Yarn has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAECH1703Q1ZKGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Honest Yarn Private Limited, buy the company report.

Recent activity

Honest Yarn Private Limited has 9 board changes on record since 2017: 7 appointments and 2 cessations. The latest: Aamirbhai Aslambhai Halai ceased to be Director on 25 Apr 2025.

AGM
Honest Yarn Private Limited last Annual general meeting of members was held on 28 Sep 2025 as per latest MCA records.
Ceased
Aamirbhai Aslambhai Halai ceased to be Director.
Filing
Honest Yarn Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 2.15 Cr registered on 20 Feb 2024 with Charge ID 100881316 was modified on 21 Jun 2024.
Charges
A charge registered on 17 Jul 2017 via Charge ID 100115703 with State Bank Of India was fully satisfied on 05 Apr 2024.
Charges
A charge with Others amounted to Rs. 2.15 Cr with Charge ID 100881316 was registered on 20 Feb 2024.
Appointed
Sahil Joliali Halani was appointed as Director.
Ceased
Daxaben Dilipbhai Umrania ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 4.41 Cr registered on 17 Jul 2017 with Charge ID 100115703 was modified on 29 Apr 2022.
Appointed
Saminraja Fidahusen Halani was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 4.41 Cr with Charge ID 100115703 was registered on 17 Jul 2017.
Appointed
Aamirbhai Aslambhai Halai was appointed as Director.

5 earlier events are in the company report.

Frequently asked questions

Honest Yarn is an active private limited company based in Chotila, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 26 April 2017 (9+ years old) and is registered under CIN U17309GJ2017PTC097107.

Honest Yarn has 5 current directors:

The latest financial statements of Honest Yarn on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 September 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Honest Yarn is 24AAECH1703Q1ZK, registered in Gujarat.

The CIN (Corporate Identification Number) of Honest Yarn is U17309GJ2017PTC097107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Honest Yarn was incorporated on 26 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Honest Yarn by revenue are Kalra Textile Mills Private Limited, Charchit Apparels Private Limited, Frisco Fab Dyeing and Printing Private Limited, Komal Texart Private Limited, Radharani Processors Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Aamirbhai Aslambhai Halai ceased to be Director on 25 Apr 2025. Sahil Joliali Halani was appointed as Director on 24 Feb 2023. Daxaben Dilipbhai Umrania ceased to be Director on 21 Feb 2023. Honest Yarn has 9 board changes on record in total.

Yes, Honest Yarn is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-23-0005290).

The registered office of Honest Yarn is at At Navagam Taluka – Chotila Dist – Surendranagar, Gujarat, India – 363530.

Honest Yarn operates in the manufacturing industry, in the textile and fabric production segment.