About India Denim Limited
Data last updated:
India Denim Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Konark Synthetic Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 31 May 2005.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ2005PLC046159. Its GSTIN is 24AABCI3751J1ZO (Gujarat).
The company has an authorised share capital of ₹11.5 Cr and a paid-up capital of ₹11.45 Cr. It is led by directors including Ramniwas Bhawarlal Somany (Managing Director) and Priyanka Sunil Jha.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Surva No 145 & 146 Villagedholka Bagodara Road Dist Taluk Dholk, Ahmedabad, Gujarat, India – 387810.
As per the financials filed for FY 2021, the company reported a revenue of ₹38,491, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹20.11 Cr and EBITDA of -₹4.13 Cr. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 81% over five years.
The company is associated with 1 brand: Konark group. As per MCA filings, the company has open charges of ₹186.89 Cr on record. Court records list 53 cases involving the company, including 17 filed by the company and 36 filed against it; 6 cases are pending.
The last known website on record is indiadenim.com.
Company details
Contact details
India Denim Limited's registered office is in Ahmedabad, Gujarat. Its website is indiadenim.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurva No 145 & 146 Villagedholka Bagodara Road Dist Taluk Dholk, Ahmedabad, Gujarat, India – 387810
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of India Denim 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
Brands
India Denim operates one associated brand: Konark group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar and wind power generator | konarkgroup.co.in |
Financials of India Denim Limited
FY 2022 filings availableIndia Denim Limited reported revenue of ₹38,491 (down 27% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over five years, including a 27% fall 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 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 | ₹38,491 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.11 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 India Denim Limited, buy the company report.
Board of directors and KMP of India Denim Limited
India Denim Limited currently reports 4 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyanka Sunil Jha Also directs: Konark Synthetic Limited | Director | 18 Jul 2022 | 4 Years 3 Months | As last reported |
| Rahul Nareshbhai Shah Also directs: Ericson Insolvency Professionals LLP | Irp/Rp/Liquidator | 10 Oct 2023 | 3 Years 0 Months | As last reported |
| Riyazuddin Kalimullah Khan Also directs: Konark Synthetic Limited, Crescent Finstock Limited, Net Classroom Private Limited and 2 more | Director | 18 Jul 2022 | 4 Years 3 Months | As last reported |
| Ramniwas Bhawarlal Somany Also directs: Guddi Impex Private Limited, Trade Bazaar Retail Private Limited | Managing Director | 29 Apr 2009 | 17 Years 6 Months | As last reported |
| Amitabh Kejriwal Ramswaroop | Cfo | 15 Dec 2016 | 9 Years 10 Months | As last reported |
Auditor
India Denim Limited is audited by H RAJEN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H RAJEN & CO | FY 2021 | 108351W |
Shareholding
The shareholding of India Denim Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of India Denim Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2013 | 10435617 | Bank of Baroda & Other Member Banks | ₹2 Cr | Open | |
| 29 Jun 2011 | 10297863 | State Bank of India | ₹2 Cr | Open | |
| 24 Mar 2011 | 10281247 | Bank of Baroda | ₹2 Cr | Open | |
| 30 May 2009 | 10162598 | Bank of Baroda | ₹25.06 Cr | Open | |
| 05 May 2009 | 10159480 | Indian Bank | ₹5 Cr | Open |
To see the full charge records of India Denim Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
India Denim Limited has 53 court cases on record: 17 filed by India Denim, 36 filed against it. 6 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 34 | 3 |
| High courts | 16 | 1 | 2 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Pratibha Syntex Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Pratibha Syntex Ltd. | Disposed |
| High Court, GUJARAT | Court case (SCR.A) | Filed by the company against Sameep Fabrics Pvt Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Pratibha Syntex Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by Salasar Balaji Industries, Adilabad | Pending |
To see the full case history of India Denim 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 India Denim Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
India Denim has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI3751J1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Denim Limited, buy the company report.
Recent activity
India Denim Limited has 21 board changes on record since 2009: 5 appointments and 16 cessations. The latest: Rahul Nareshbhai Shah was appointed as Irp/Rp/Liquidator on 10 Oct 2023.
22 earlier events are in the company report.
Frequently asked questions
India Denim is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
India Denim is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 31 May 2005 and is registered under CIN U17110GJ2005PLC046159. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
India Denim has 5 current directors and KMP:
- Ramniwas Bhawarlal Somany - Managing Director
- Priyanka Sunil Jha - Director
- Riyazuddin Kalimullah Khan - Director
- Rahul Nareshbhai Shah - Irp/Rp/Liquidator
- Amitabh Kejriwal Ramswaroop - Cfo
The latest financial statements of India Denim on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of India Denim is U17110GJ2005PLC046159. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Denim has open charges of ₹186.89 Cr and no satisfied charges on record as per latest MCA filings.
India Denim has 53 court cases on record: 17 filed by the company and 36 filed against it. 6 are pending. Most are in the district courts.
India Denim was incorporated on 31 May 2005. It is registered with the Registrar of Companies, Ahmedabad.
Rahul Nareshbhai Shah was appointed as Irp/Rp/Liquidator on 10 Oct 2023. Priyanka Sunil Jha ceased to be Additional Director on 30 Sep 2022. Riyazuddin Kalimullah Khan ceased to be Additional Director on 30 Sep 2022. India Denim has 21 board changes on record in total.
India Denim can be reached through the website indiadenim.com. Its registered office is in Ahmedabad, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
