MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-20-0006429
Indigo Denim Private Limited - manufacturing in Butibori, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹118.22 Cr
▲ 327% YoY
Net profit · FY 2025
₹1.23 Cr
Net margin 1%
EBITDA · FY 2025
₹11.93 Cr
EBITDA margin 10.1%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹44 Cr
Issued & subscribed
Open charges
₹116.26 Cr
Satisfied ₹116.26 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
9
Provident fund records
About Indigo Denim Private Limited
Data last updated:
Indigo Denim Private Limited is a private limited company based in Butibori, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U17291MH2006PTC163961. Its GSTIN is 27AALCS0230L1ZA (Maharashtra).
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹44 Cr. It was formerly known as Shreesharda Alloys Pvt Ltd. It is led by directors including Poonam Sarda and Ritu Devkinandan Maheshwari.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. T – 67 MIDC, Butibori, Maharashtra, India – 441201.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.22 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 1%) and EBITDA of ₹11.93 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 11% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹116.26 Cr and satisfied charges of ₹116.26 Cr on record. Court records list 13 cases involving the company, including 13 filed by the company; 2 cases are pending. The company has 16 deals on record (9 secondary share transfers, 4 funding rounds, 3 rights issues), with disclosed funding of ₹25.2 Cr; the latest was in January 2020. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 2 smaller; the largest is Sultania Oil Industries Private Limited with revenue of ₹118.82 Cr.
Indigo Denim Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0006429). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indigodenim.in.
Company details
CIN U17291MH2006PTC163961
Registration Number 163961
Incorporation Date 22 August 2006
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-20-0006429
CIN history
Indigo Denim has one previous CIN (Corporate Identification Number): U27109MH2006PTC163961. The current CIN is U17291MH2006PTC163961, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17291MH2006PTC163961 | Current |
| U27109MH2006PTC163961 | Previous |
Key People
Poonam Sarda Director Ritu Devkinandan Maheshwari Director Chandrakant Narayandas Panchariya Director Recognitions & Rankings of Indigo Denim
Contact details
Indigo Denim Private Limited's registered office is in Butibori, Maharashtra. Its website is indigodenim.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. T – 67 MIDC, Butibori, Maharashtra, India – 441201
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Indigo Denim Private Limited, buy the company report.
Comprehensive company report
Indigo Denim 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 Indigo Denim is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Indigo Denim Private Limited, buy the company report.
Financials of Indigo Denim Private Limited
FY 2025 filings availableIndigo Denim Private Limited reported revenue of ₹118.22 Cr (up 327% YoY) for FY 2025.
Revenue · FY 2025
₹118.22 Cr ▲ 327%
Net profit · FY 2025
₹1.23 Cr margin 1%
EBITDA · FY 2025
₹11.93 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 327%
3 years · compounded
▲ 42%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 27%
5 years · compounded
▲ 64%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 327% growth in the latest year. EBITDA rose 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.23 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Indigo Denim Private Limited, buy the company report.
Board of directors of Indigo Denim Private Limited
Indigo Denim has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Poonam Sarda Also directs: Sharda Ispat Limited, Sarda Infrastructure Private Limited, Asha Agriculture and Property P Ltd and 5 more | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Ritu Devkinandan Maheshwari Also directs: Inland Track Infrastructure Private Limited | Director | 01 Jun 2024 | 2 Years 4 Months | Current |
| Chandrakant Narayandas Panchariya | Director | 22 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Indigo Denim Private Limited is compared with the 6 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sultania Oil Industries Private Limited | ₹118.82 Cr (FY 2025) | -23.0% | Nagpur, Maharashtra, India | |||
| Precise Seamless Apparels Private Limited | ₹118.67 Cr (FY 2025) | 70.0% | New Delhi, Delhi, India | |||
| Sahyog Ginning and Pressing Private Limited | ₹118.59 Cr (FY 2025) | -42.0% | Amreli, Gujarat, India | |||
| Deventhira Spinners Private Limited | ₹118.45 Cr (FY 2025) | 0.0% | Sankari West, Tamil Nadu, India | |||
| Indigo Denim Private Limitedthis company | ₹118.22 Cr (FY 2025) | ₹1.23 Cr | 1% | 327.0% | 9 | Butibori, Maharashtra, India |
| Duratex Silk Mills Private Limited | ₹118.06 Cr (FY 2025) | 63.0% | Mumbai, Maharashtra, India | |||
| Surbhi Textile Mills Private Limited | ₹118.02 Cr (FY 2024) | 4.0% | Surat, Gujarat, India |
To see the full peer comparison of Indigo Denim Private Limited, buy the company report.
Auditor
Indigo Denim Private Limited is audited by M R K S AND COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R K S AND COMPANY | FY 2022 | 141986W |
Shareholding
The shareholding of Indigo Denim Private 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 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indigo Denim Private Limited, buy the company report.
Charges & borrowings
Open charges
₹116.26 Cr
Satisfied charges
₹116.26 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2015 | 10564683 | Bank of India | ₹116.26 Cr | Satisfied |
To see the full charge records of Indigo Denim Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Indigo Denim Private Limited has 16 deals on record (9 secondary share transfers, 4 funding rounds, 3 rights issues), with disclosed funding of ₹25.2 Cr; the latest was in January 2020.
Total deals
16
Secondary share transfers
9
Funding rounds
4
Rights issues
3
Disclosed funding
₹25.2 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Kyoto Merchandise Pvt Ltd Seller: Jaideep Dealers Pvt.Ltd. , Cherry Tie Up Private Limited |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Sarda Infrastructure Private Limited Seller: 2 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sharda Auto Industries Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Jaideep Dealers Pvt.Ltd. , 2 individuals Seller: Sharda Auto Industries Limited , Cherry Tie Up Private Limited |
| Mar 2016 | Rights issue | ₹6.99 Cr | Investors: Sharda Auto Industries Limited , Cherry Tie Up Private Limited , Jaideep Dealers Pvt.Ltd. |
To see the full deal history of Indigo Denim Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indigo Denim Private Limited has 13 court cases on record: 13 filed by Indigo Denim. 2 cases are pending and 11 are disposed.
Total cases
13
Filed by the company
13
Pending
2
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 0 | 2 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against M/S Innovative Textiles Ltd. Through Its Director, Nagpur and 1 other | Pending |
| District court, Nagpur, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Refinement Fabrics Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India, THR. Its Secretary, Ministry of Textile, New Delhi and Others and 5 others | Pending |
| Bombay High Court | Court case (CAW) | Filed by the company against Maharshtra Industrial Develoment Corporation, THR. Chief Executive Officer, Mumbai and Others | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against Maharshtra Industrial Develoment Corporation, Through Chief Executive Officer, Mumbai and Others | Disposed |
To see the full case history of Indigo Denim Private 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.
Credit ratings & regulatory alerts
Indigo Denim Private Limited was last rated by Brickwork on 25 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 25 Mar 2022 |
To see the full credit ratings and regulatory alerts of Indigo Denim Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indigo Denim Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indigo Denim Private Limited has a workforce of 9 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-55%
GST
Indigo Denim has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS0230L1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indigo Denim Private Limited, buy the company report.
Recent activity
Indigo Denim Private Limited has 13 board changes on record since 2007: 4 appointments and 9 cessations. The latest: Chandrakant Narayandas Panchariya ceased to be Additional Director on 28 Sep 2025.
AGM
Indigo Denim Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Chandrakant Narayandas Panchariya ceased to be Additional Director.
Ceased
Poonam Sarda ceased to be Additional Director.
Charges
A charge registered on 27 Mar 2015 via Charge ID 10564683 with Bank Of India was fully satisfied on 19 Aug 2025.
Appointed
Chandrakant Narayandas Panchariya was appointed as Director.
Ceased
Anandkumar Nandkishore Sarda ceased to be Director.
Appointed
Poonam Sarda was appointed as Director.
Filing
Indigo Denim Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Ceased
Devki Nandan Maheshwari ceased to be Director.
Appointed
Ritu Devkinandan Maheshwari was appointed as Director.
Charges
A charge with Bank Of India of Rs. 116.26 Cr registered on 27 Mar 2015 with Charge ID 10564683 was modified on 19 Dec 2017.
Ceased
Dwarka Prasad Mangal ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Indigo Denim is an active private limited company based in Butibori, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 August 2006 (20+ years old) and is registered under CIN U17291MH2006PTC163961.
Indigo Denim has 3 current directors:
- Poonam Sarda - Director
- Ritu Devkinandan Maheshwari - Director
- Chandrakant Narayandas Panchariya - Director
The latest financial statements of Indigo Denim on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indigo Denim is 27AALCS0230L1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indigo Denim is U17291MH2006PTC163961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indigo Denim has 13 court cases on record: 13 filed by the company. 2 are pending. Most are in the high courts.
Indigo Denim was incorporated on 22 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Nagpur.
Indigo Denim has 16 deals on record (9 secondary share transfers, 4 funding rounds, 3 rights issues), with disclosed funding of ₹25.2 Cr; the latest was in January 2020.
The peers of Indigo Denim by revenue are Sultania Oil Industries Private Limited, Precise Seamless Apparels Private Limited, Sahyog Ginning and Pressing Private Limited, Deventhira Spinners Private Limited, Duratex Silk Mills Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Chandrakant Narayandas Panchariya ceased to be Additional Director on 28 Sep 2025. Poonam Sarda ceased to be Additional Director on 28 Sep 2025. Chandrakant Narayandas Panchariya was appointed as Director on 22 May 2025. Indigo Denim has 13 board changes on record in total.
Yes, Indigo Denim is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-20-0006429).
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