Itares Shoes Private Limited - Company Profile

It is a consumer goods private limited company based in Chennai, Tamil Nadu, India, established in 2006.
2006 Chennai, Tamil Nadu, India Active
Last Updated:
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About Itares Shoes Private Limited

Itares Shoes Private Limited, a active private limited company, was established on 19 July 2006 in Chennai, Tamil Nadu, India. Engaging in footwear manufacturing within the manufacturing sector, it holds CIN: U19201TN2006PTC060594. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹8.54 Cr.

It upholds a compliant status. Employing 1,153 professional, Its leadership includes Bangi Mohammed Ifthikar (Director), Giorgio Marcoaldi (Director). Past directors included Germano Paccapelo, Mohamed Amjathali. It holds ₹40.00 Cr open charges and ₹15.75 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No.32, First Floor, Hyder Garden 3Rd Street, Perambur Barrac, Ks, Chennai, Tamil Nadu, 600012.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U19201TN2006PTC060594

  • Registration Number

    060594

  • Incorporation Date

    19 July 2006

  • Authorized Capital

    ₹10.00 Cr

  • Paid-Up Capital

    ₹8.54 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 8.54 Cr
  • Company Age 19 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 40.00 Cr
  • Satisfied Charges ₹ 15.75 Cr
  • Revenue Growth **** 20.16%
  • Profit Growth **** 138.00%
  • Ebitda **** 18.36%
  • Net Worth -2.11%
  • Total Assets -3.92%
Company report

Itares Shoes Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Itares Shoes Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Itares Shoes Private Limited?
Current Directors
Name Designation Appointment Date Status
Bangi Mohammed Ifthikar Director 11 Dec 2006 Current
Giorgio Marcoaldi Director 09 Nov 2021 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 30 Nov 2021 Past
Pramod Abcsdd Company Secretary - Past

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Financial Performance of Itares Shoes.

Itares Shoes Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 20.16% increase. The company also saw a substantial improvement in profitability, with a 138% increase in profit. The company's net worth dipped by a decrease of 2.11%.

Itares Shoes revenue growth over time
Itares Shoes profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 20.16%
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*******
*******
*******
Revenue from Operations
*******
 18.46%
*******
*******
*******
*******
Total Assets
*******
 -3.92%
*******
*******
*******
*******
Profit or Loss
*******
 138.00%
*******
*******
*******
*******
Net Worth
*******
 -2.11%
*******
*******
*******
*******
EBITDA
*******
 18.36%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Itares Shoes?

In 2023, Itares Shoes had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹400,000,000.00

Satisfied Charges

₹157,455,000.00

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 40.00 Cr
Latest Charge Details
Date Lender Amount Status
16 Jun 2020 Axis Bank Limited ₹40.00 Cr Open
29 May 2014 Deutsche Bank Ag ₹9.00 Cr Satisfied
23 Jul 2012 The Royal Bank Of Scotland N.V. ₹3.75 Cr Satisfied
22 Jun 2011 The Royal Bank Of Scotland N.V. ₹3.00 Cr Satisfied

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How Many Employees Work at Itares Shoes?

Itares Shoes has a workforce of 1153 employees as of Oct 07, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Itares Shoes, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Itares Shoes's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Itares Shoes
Recent Activity within the Organization
  • Annual General Meeting

    Itares Shoes Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Itares Shoes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was recorded as a recent event.

  • Director Appointment

    Giorgio Marcoaldi was appointed as a Director was appointed as a Director on 09 Nov 2021 & has been associated with this company since 4 years 4 months . was recorded as a recent event.

  • Charges

    A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 16 Jun 2020 with Charge ID 100351169 was modified on 06 Jul 2020. was recorded as a recent event.

  • Charges

    Progress on A charge with Axis Bank Limited amounted to Rs. 40.00 Cr with Charge ID 100351169 was registered on 16 Jun 2020. was documented.

  • Charges

    Progress on A charge registered on 29 May 2014 via Charge ID 10510512 with Deutsche Bank Ag was fully satisfied on 18 Dec 2017. was documented.

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Frequently Asked Questions
What is the CIN of Itares Shoes Private Limited?

The CIN of Itares Shoes Private Limited is U19201TN2006PTC060594.

Where is Itares Shoes Private Limited headquartered?

Itares Shoes Private Limited is headquartered at No.32, First Floor, Hyder Garden 3Rd Street, Perambur Barrac, Ks, Chennai, Tamil Nadu, 600012.

When was Itares Shoes Private Limited incorporated?

Itares Shoes Private Limited was incorporated on 19 July 2006.

Who are the current directors of Itares Shoes Private Limited?

The current directors of Itares Shoes Private Limited are

What is the primary industry of Itares Shoes Private Limited?

The primary industry of Itares Shoes Private Limited is Manufacturing.

Is Itares Shoes Private Limited a listed company?

Itares Shoes Private Limited is unlisted.

What is the capital structure of Itares Shoes Private Limited?

The authorized capital of Itares Shoes Private Limited is ₹10.00 Cr, and the paid-up capital is ₹8.54 Cr.

What is the compliance status of Itares Shoes Private Limited?

The compliance status of Itares Shoes Private Limited is Compliant.

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