About Ithaca Clothing Private Limited
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Ithaca Clothing Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 18 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74994KA2002PTC031226. Its GSTIN is 29AABCI0244A1Z7 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Mujeeb Makachiveettil Kanakkappilantakath and Ekarnna Paramba Sharafudheen.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4C – 420 Kempe Gowda Underpass Road Ramamurthy Nagar, Bangalore, Karnataka, India – 560016.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.43 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹9.74 Lakh (net margin 2.2%) and EBITDA of ₹25.36 Lakh (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹90 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ithaca.in.
Company details
Contact details
Ithaca Clothing Private Limited's registered office is in Bangalore, Karnataka. Its website is ithaca.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4C – 420 Kempe Gowda Underpass Road Ramamurthy Nagar, Bangalore, Karnataka, India – 560016
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Ithaca Clothing 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
Business activity
The main business activity of Ithaca Clothing 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 Ithaca Clothing Private Limited, buy the company report.
Financials of Ithaca Clothing Private Limited
FY 2025 filings availableIthaca Clothing Private Limited reported revenue of ₹4.43 Cr (down 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 26% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹25.36 Lakh | ||||
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| Net Profit (PAT) | ₹9.74 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of Ithaca Clothing Private Limited, buy the company report.
Board of directors of Ithaca Clothing Private Limited
Ithaca Clothing has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mujeeb Makachiveettil Kanakkappilantakath Also directs: Kite Developers Private Limited | Director | 01 Mar 2005 | 21 Years 7 Months | Current |
| Ekarnna Paramba Sharafudheen | Director | 30 Jun 2005 | 21 Years 3 Months | Current |
| Sharbina Also directs: Panacea Wellbeing Clinic LLP | Director | 31 Jan 2025 | 1 Years 8 Months | Current |
| Punchiri Swapna | Director | 31 Jan 2025 | 1 Years 8 Months | Current |
Peer comparison
Ithaca Clothing Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| One Up Apparels Private Limited | ₹4.44 Cr (FY 2025) | 5.0% | Navi Mumbai, Maharashtra, India | |||
| Chinnappa Spinning Mills Private Limited | ₹4.44 Cr (FY 2024) | 24.0% | Namakkal, Tamil Nadu, India | |||
| Deekay Spinning Mills Limited | ₹4.43 Cr (FY 2025) | -3.0% | Thane, Maharashtra, India | |||
| Venus P P V Spinning Mills Private Limited | ₹4.43 Cr (FY 2019) | -24.0% | Salem, Tamil Nadu, India | |||
| Ithaca Clothing Private Limitedthis company | ₹4.43 Cr (FY 2024) | ₹9.74 Lakh | 2.2% | -31.0% | Bangalore, Karnataka, India | |
| Bestitch Knits Private Limited | ₹4.43 Cr (FY 2025) | 1635.0% | Tirupur, Tamil Nadu, India | |||
| SPS Spinners Private Limited | ₹4.43 Cr (FY 2023) | 17.0% | Coimbatore, Tamil Nadu, India | |||
| Pinehill Business Direct Private Limited | ₹4.42 Cr (FY 2025) | 40.0% | Chennai, Tamil Nadu, India | |||
| Vaman Fabrics Private Limited | ₹4.42 Cr (FY 2016) | -88.0% | Surat, Gujarat, India |
To see the full peer comparison of Ithaca Clothing Private Limited, buy the company report.
Auditor
Ithaca Clothing Private Limited is audited by BASAVARAJAPPA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BASAVARAJAPPA & CO | FY 2022 | 008196S |
Shareholding
The shareholding of Ithaca Clothing Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ithaca Clothing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2014 | 10470972 | State Bank of India | ₹90 Lakh | Open |
To see the full charge records of Ithaca Clothing Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Ithaca Clothing Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ithaca Clothing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ithaca Clothing has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI0244A1Z7 | Karnataka | Active | 01 Jul 2017 |
| 32AABCI0244A1ZK | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ithaca Clothing Private Limited, buy the company report.
Recent activity
Ithaca Clothing Private Limited has 6 board changes on record since 2005: 4 appointments and 2 cessations. The latest: Punchiri Swapna was appointed as Director on 31 Jan 2025.
Frequently asked questions
Ithaca Clothing is an active private limited company based in Bangalore, Karnataka, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 18 November 2002 (24+ years old) and is registered under CIN U74994KA2002PTC031226.
Ithaca Clothing has 4 current directors:
- Mujeeb Makachiveettil Kanakkappilantakath - Director
- Ekarnna Paramba Sharafudheen - Director
- Sharbina - Director
- Punchiri Swapna - Director
The latest financial statements of Ithaca Clothing on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ithaca Clothing is 29AABCI0244A1Z7, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AABCI0244A1ZK (Kerala).
The CIN (Corporate Identification Number) of Ithaca Clothing is U74994KA2002PTC031226. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ithaca Clothing was incorporated on 18 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ithaca Clothing by revenue are One Up Apparels Private Limited, Chinnappa Spinning Mills Private Limited, Deekay Spinning Mills Limited, Venus P P V Spinning Mills Private Limited, Bestitch Knits Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Punchiri Swapna was appointed as Director on 31 Jan 2025. Sharbina was appointed as Director on 31 Jan 2025. Basheer Thekke Purath ceased to be Director on 12 Jun 2017. Ithaca Clothing has 6 board changes on record in total.
Ithaca Clothing can be reached through the website ithaca.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ithaca Clothing is at 4C – 420 Kempe Gowda Underpass Road Ramamurthy Nagar, Bangalore, Karnataka, India – 560016.
Ithaca Clothing operates in the fashion and textile industry, in the fashion retail segment.