MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0058381
Indaco Jeans Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹162.02 Cr
▲ 1% YoY
Net profit · FY 2025
₹6.24 Cr
Net margin 3.9%
EBITDA · FY 2025
₹19.53 Cr
EBITDA margin 12.1%
Authorised capital
₹9.5 Cr
Registered with MCA
Paid-up capital
₹4.3 Cr
Issued & subscribed
Open charges
₹67.34 Cr
Satisfied ₹98.4 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
635
Provident fund records
About Indaco Jeans Limited
Data last updated:
Indaco Jeans Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the denim and casual wear segment of the fashion and textiles sector. It was incorporated on 23 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH2006PLC165745. Its GSTIN is 27AAKCS7348N1ZI (Maharashtra).
The company has an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹4.3 Cr. It was formerly known as Sunway Fashions Private Limited and Sunway Fashions Private Limite. It is led by directors including Sudesh Janardan Vaidya and Charusheela Wilson Master.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹162.02 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹6.24 Cr (net margin 3.9%) and EBITDA of ₹19.53 Cr (EBITDA margin 12.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 18% over five years.
The company has about 635 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹67.34 Cr and satisfied charges of ₹98.4 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.59 Cr; the latest was in March 2022. Its 10 peer companies in the Apparel industry (Denim Wear) are compared by revenue, 5 larger and 5 smaller; the largest is Flu Jeans Private Limited with revenue of ₹203.88 Cr.
Indaco Jeans Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0058381). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indacojeans.com.
Company Details of Indaco Jeans Limited
CIN U18101MH2006PLC165745
Registration Number 165745
Incorporation Date 23 November 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0058381
Name History of Indaco Jeans Limited
Indaco Jeans has undergone 3 name changes throughout its history. The company was previously known as Sunway Fashions Private Limited, Sunway Fashions Private Limite, and Indaco Jeans Limited. The current legal name is Indaco Jeans Limited.
| Company Name | Status |
|---|---|
| Indaco Jeans Limited | Current |
| Sunway Fashions Private Limited | Previous |
| Sunway Fashions Private Limite | Previous |
CIN History of Indaco Jeans Limited
Indaco Jeans has one previous CIN (Corporate Identification Number): U18101MH2006PTC165745. The current CIN is U18101MH2006PLC165745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101MH2006PLC165745 | Current |
| U18101MH2006PTC165745 | Previous |
Key People
Sudesh Janardan Vaidya Director Charusheela Wilson Master Director Manasi Prasad Pabrekar Director Recognitions & Rankings of Indaco Jeans
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No.510 5th Floor Eco Star Vishweshwar Nagar Road Off Aarey Rd, Goregaon (E), Mumbai, Maharashtra, India – 400063
- IndustryFashion and Textile, Denim & Casual Wear
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Business Activity of Indaco Jeans Limited
The main business activity of Indaco Jeans 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Indaco Jeans Limited FY 2024 filings available
Indaco Jeans Limited reported revenue of ₹162.02 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹162.02 Cr ▲ 1%
Net profit · FY 2025
₹6.24 Cr margin 3.9%
EBITDA · FY 2025
₹19.53 Cr margin 12.1%
Compounded Annual Growth Rate (CAGR) of Indaco Jeans Limited
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 9%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 15%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 1% growth in the latest year. EBITDA fell 5% 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 Indaco Jeans Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹19.53 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.24 Cr | •••• | •••• | •••• | •••• |
| 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 Indaco Jeans Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Indaco Jeans are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Indaco Jeans Limited
Indaco Jeans has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudesh Janardan Vaidya Also directs: Paramount Lifestyle Private Limited, Indaco Denims Private Limited, Artemis Advanced Composites Private Limited and 4 more | Director | 09 Apr 2012 | 14 Years 6 Months | Current |
| Charusheela Wilson Master Also directs: Indaco Denims Private Limited, Ivisha Properties Private Limited | Director | 21 Feb 2022 | 4 Years 7 Months | Current |
| Manasi Prasad Pabrekar Also directs: Staark Accessories Private Limited | Director | 29 Sep 2017 | 9 Years 0 Months | Current |
Peer Comparison of Indaco Jeans Limited
Indaco Jeans Limited is compared with the companies closest to it by revenue in the Apparel industry (Denim 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 |
|---|---|---|---|---|---|---|
| Flu Jeans Private Limited | ₹203.88 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Delhi, India |
| Jeans Knit Private Limited | ₹193.25 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Shrerajlaxmi Denim Limited | ₹191.85 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bhilwara, Rajasthan, India |
| Lbdenim Private Limited | ₹172.48 Cr (FY 2025) | •••• | •••• | 94.0% | •••• | Ahmedabad, Gujarat, India |
| Pinaz Texfab Private Limited | ₹170.8 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Ahmedabad, Gujarat, India |
| Indaco Jeans Limited this company | ₹162.02 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Best Sellers Apparels Private Limited | ₹123.94 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Manipal, Karnataka, India |
| Everblue Apparel Limited | ₹117.56 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Tandhan Cotton Mills Private Limited | ₹116.74 Cr (FY 2025) | •••• | •••• | 2206.0% | •••• | Bagnan, West Bengal, India |
| Rainbow Denim Limited Listed | ₹96.32 Cr (FY 2019) | •••• | •••• | -45.0% | •••• | Patiala, Punjab, India |
| NRV Denim Private Limited | ₹95.75 Cr (FY 2025) | •••• | •••• | 63859.0% | •••• | Samrala, Punjab, India |
Peers are the five companies nearest above and the five nearest below Indaco Jeans by revenue in the Apparel industry (Denim 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 Indaco Jeans Limited
Indaco Jeans Limited is audited by JIGNESH SAVLA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JIGNESH SAVLA & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Indaco Jeans Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Indaco Jeans Limited
Open charges
₹67.34 Cr
Satisfied charges
₹98.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2025 | Others | ₹4 Cr | Open |
| 29 Dec 2022 | Others | ₹1.01 Cr | Open |
| 25 Mar 2022 | Others | ₹62.33 Cr | Open |
| 08 Sep 2021 | Others | ₹4.5 Cr | Satisfied |
| 24 Mar 2021 | Others | ₹3.5 Cr | Satisfied |
Total charge records: 13 View all charges
Deals & Funding of Indaco Jeans Limited
Indaco Jeans Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.59 Cr; the latest was in March 2022.
Total deals
8
Secondary share transfers
6
Funding rounds
2
Disclosed funding
₹2.59 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
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Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indaco Jeans Limited
Indaco Jeans Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 03 Oct 2026.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Indaco Jeans Limited
Indaco Jeans Limited has a workforce of 635 employees as of Apr 09, 2024.
Employee count
635
Active EPFO establishments
1
Employee growth
41.43%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Indaco Jeans Limited
Indaco Jeans has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Indaco Denims Private Limited | U18209MH2022PTC392393 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Indaco Jeans Limited
Indaco Jeans Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Charusheela Wilson Master ceased to be Additional Director on 30 Sep 2022.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101115509 was registered on 17 Jun 2025.
AGM
Indaco Jeans Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Indaco Jeans Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 62.33 Cr registered on 25 Mar 2022 with Charge ID 100569100 was modified on 01 Dec 2023.
Charges
A charge with Others amounted to Rs. 1.01 Cr with Charge ID 100667045 was registered on 29 Dec 2022.
Ceased
Charusheela Wilson Master ceased to be Additional Director.
Charges
A charge registered on 04 Mar 2011 via Charge ID 10277741 with Others was fully satisfied on 17 Jun 2022.
Charges
A charge registered on 08 Sep 2021 via Charge ID 100495678 with Others was fully satisfied on 07 Apr 2022.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100437050 with Others was fully satisfied on 30 Mar 2022.
Charges
A charge registered on 04 Dec 2019 via Charge ID 100307275 with Others was fully satisfied on 30 Mar 2022.
Charges
A charge registered on 11 Feb 2019 via Charge ID 100243466 with Others was fully satisfied on 30 Mar 2022.
Charges
A charge registered on 07 Feb 2019 via Charge ID 100238385 with Others was fully satisfied on 30 Mar 2022.
30 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indaco Jeans Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Indaco Jeans Limited
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Subsidiaries & Group Companies of Indaco Jeans Limited
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Corporate group structure
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GST Compliance of Indaco Jeans Limited
Indaco Jeans has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS7348N1ZI | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Indaco Jeans Limited
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Frequently Asked Questions about Indaco Jeans Limited
Indaco Jeans is an active public limited company based in Mumbai, Maharashtra, India. The company works in denim and casual wear, within the fashion and textile industry. It was incorporated on 23 November 2006 (20+ years old) and is registered under CIN U18101MH2006PLC165745.
Indaco Jeans reported revenue of ₹162.02 Cr for FY 2025 (up 1% YoY).
Indaco Jeans has 3 current directors:
- Sudesh Janardan Vaidya - Director
- Charusheela Wilson Master - Director
- Manasi Prasad Pabrekar - Director
Indaco Jeans reported a net profit of ₹6.24 Cr (net margin 3.9%) and EBITDA of ₹19.53 Cr (EBITDA margin 12.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indaco Jeans is -9% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indaco Jeans is 27AAKCS7348N1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indaco Jeans is U18101MH2006PLC165745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indaco Jeans has 1 court case on record: 1 filed against it.
Indaco Jeans was incorporated on 23 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Indaco Jeans has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.59 Cr; the latest was in March 2022.
The peers of Indaco Jeans by revenue are Flu Jeans Private Limited, Jeans Knit Private Limited, Shrerajlaxmi Denim Limited, Lbdenim Private Limited, Pinaz Texfab Private Limited and 5 more, all in the Apparel industry (Denim Wear).