About Indus Garments (India) Private Limited
Data last updated:
Indus Garments (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Indus Fila Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 April 2004.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U05190KA2004PTC033828. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.98 Cr. It is led by directors Shashikant Govindlal Mandhana and Mandhana Nitin Narayandas.
Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at No. 117/A 5th Main Industrial Suburb II Stage Yeshwantpur, Bangalore, Karnataka, India – 560022.
As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹43 Cr on record. Court records list 22 cases involving the company, including 2 filed by the company and 20 filed against it; 1 case is pending. The company has 2 deals on record (2 acquisitions); the latest was in April 2009.
The last known website on record is indusfila.com.
Company details
Contact details
Indus Garments (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is indusfila.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo. 117/A 5th Main Industrial Suburb II Stage Yeshwantpur, Bangalore, Karnataka, India – 560022
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Indus Garments (India) 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 Indus Garments (India) Private Limited
FY 2014 filings availableFinancial Statement Summary
| Metrics | FY 2013-14 |
|---|---|
| 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 | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 2013-14 |
|---|---|
| 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 Indus Garments (India) Private Limited, buy the company report.
Board of directors of Indus Garments (India) Private Limited
Indus Garments (India) has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashikant Govindlal Mandhana Also directs: Vir Retail Private Limited | Additional Director | 16 Mar 2016 | 10 Years 7 Months | As last reported |
| Mandhana Nitin Narayandas | Additional Director | 16 Mar 2016 | 10 Years 7 Months | As last reported |
Shareholding
The shareholding of Indus Garments (India) Private Limited is on record for FY 2014, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2014 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Indus Garments (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jul 2008 | 10110890 | Standard Chartered Bank | ₹6 Cr | Open | |
| 19 Feb 2008 | 10090906 | Corporation Bank | ₹20.2 Cr | Satisfied | |
| 09 Mar 2005 | 80022625 | State Bank of India | ₹22.8 Cr | Satisfied |
To see the full charge records of Indus Garments (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Indus Garments (India) Private Limited has 2 deals on record (2 acquisitions); the latest was in April 2009.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2009 | Acquisition | Undisclosed | Buyer: Indus Fila Limited |
| Jul 2007 | Acquisition | ₹9.35 Cr | Buyer: Indus Fila Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indus Garments (India) Private Limited has 22 court cases on record: 2 filed by Indus Garments (India), 20 filed against it. 1 case is pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 0 |
| High courts | 9 | 8 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed against the company by Vardhman Yarns and Threads Limited | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Ykk India Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by HDFC Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Indus Intex Pvt.Ltd. | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by Income Tax Department | Pending |
To see the full case history of Indus Garments (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indus Garments (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indus Garments (India) Private Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Indus Garments (India) has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Indus Garments (India) Private Limited, buy the company report.
Recent activity
Indus Garments (India) Private Limited has 14 board changes on record since 2007: 2 appointments and 12 cessations. The latest: Namita Lareb Syed ceased to be Director on 29 Mar 2016.
11 earlier events are in the company report.
Frequently asked questions
Indus Garments (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Indus Garments (India) is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 April 2004 and is registered under CIN U05190KA2004PTC033828. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indus Garments (India) has 2 current directors:
- Shashikant Govindlal Mandhana - Additional Director
- Mandhana Nitin Narayandas - Additional Director
The latest financial statements of Indus Garments (India) on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 September 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indus Garments (India) is U05190KA2004PTC033828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indus Garments (India) has open charges of ₹6 Cr and satisfied charges of ₹43 Cr as per latest MCA filings.
Indus Garments (India) has 22 court cases on record: 2 filed by the company and 20 filed against it. 1 is pending. Most are in the district courts.
Indus Garments (India) was incorporated on 26 April 2004. It is registered with the Registrar of Companies, Bangalore.
Indus Garments (India) has 2 deals on record (2 acquisitions); the latest was in April 2009.
Namita Lareb Syed ceased to be Director on 29 Mar 2016. Syed Lareb Ajaz ceased to be Director on 29 Mar 2016. Mandhana Nitin Narayandas was appointed as Additional Director on 16 Mar 2016. Indus Garments (India) has 14 board changes on record in total.
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.
