MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-UP-43-0007738
Karan Letex Limited - fashion and textile in Kanpur, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹160.98 Cr
▼ 8% YoY
Net profit · FY 2024
₹16.02 Cr
Net margin 9.9%
EBITDA · FY 2024
₹25.56 Cr
EBITDA margin 15.9%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹39.07 Lakh
Issued & subscribed
Open charges
₹27.1 Cr
Satisfied ₹1.54 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
127
Provident fund records
About Karan Letex Limited
Data last updated:
Karan Letex Limited is a public limited company based in Kanpur, Uttar Pradesh, India, a subsidiary of Anadi Corporation Private Limited. It operates in the sportswear and activewear segment of the fashion and textiles sector. It was incorporated on 28 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U18101UP1993PLC015337. Its GSTIN is 09AAACK5414B1Z0 (Uttar Pradesh).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹39.07 Lakh. It was formerly known as Karan Letex Private Limited. It is led by directors including Bharat Garg (Whole-Time Director) and Amit Goel.
Its last annual general meeting (AGM) was held on 29 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot – H 87 – 88 Shahpur Kalpi Road Panki, Kanpur, Uttar Pradesh, India – 208020.
As per the financials filed for FY 2024, the company reported a revenue of ₹160.98 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹16.02 Cr (net margin 9.9%) and EBITDA of ₹25.56 Cr (EBITDA margin 15.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
The company has about 127 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Karan Letex. As per MCA filings, the company has open charges of ₹27.1 Cr and satisfied charges of ₹1.54 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 1 case is pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.14 Cr; the latest was in March 2024. Its 3 peer companies in the Apparel industry (Sportswear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 2 smaller; the largest is Techno Sportswear Private Limited with revenue of ₹436.12 Cr.
Karan Letex Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-UP-43-0007738). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karanletex.com.
Company details
CIN U18101UP1993PLC015337
Registration Number 015337
Incorporation Date 28 April 1993
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 December 2024
Date of Balance Sheet 31 March 2024
Parent Company Anadi Corporation Private Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-UP-43-0007738
Recognitions & Rankings of Karan Letex
Contact details
Karan Letex Limited's registered office is in Kanpur, Uttar Pradesh. Its website is karanletex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot – H 87 – 88 Shahpur Kalpi Road Panki, Kanpur, Uttar Pradesh, India – 208020
- IndustryFashion and Textile, Sportswear & Activewear
To see the full contact details of Karan Letex Limited, buy the company report.
Comprehensive company report
Karan Letex 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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Brands
Karan Letex operates one associated brand: Karan Letex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-performance athleisure and technical apparel for global markets. | karanletex.com |
Business activity
The main business activity of Karan Letex 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 Karan Letex Limited, buy the company report.
Financials of Karan Letex Limited
FY 2024 filings availableKaran Letex Limited reported revenue of ₹160.98 Cr (down 8% YoY) for FY 2024.
Revenue · FY 2024
₹160.98 Cr ▼ 8%
Net profit · FY 2024
₹16.02 Cr margin 9.9%
EBITDA · FY 2024
₹25.56 Cr margin 15.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 97%
3 years · compounded
▼ 10%
5 years · compounded
▼ 4%
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 8% fall in the latest year. EBITDA rose 97% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹160.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.02 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.9% | ||||
| Net Profit Margin | 9.9% | ||||
| 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 Karan Letex Limited, buy the company report.
Board of directors of Karan Letex Limited
Karan Letex has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Garg Also directs: Smarttex International Private Limited, Impact Media Private Limited, Prakriti Corporation Private Limited and 3 more | Whole-Time Director | 28 Apr 1993 | 33 Years 6 Months | Current |
| Amit Goel | Director | 16 Sep 2020 | 6 Years 1 Months | Current |
| Manish Kumar Tiwari | Director | 30 Jul 2022 | 4 Years 3 Months | Current |
| Naman Garg Also directs: Smarttex International Private Limited, Anadi Corporation Private Limited, BNNK Holdings Private Limited and 1 more | Director | 01 Jun 2024 | 2 Years 5 Months | Current |
| Rohit Kumar | Director | 20 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Karan Letex Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Sportswear), 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 |
|---|---|---|---|---|---|---|
| Techno Sportswear Private Limited | ₹436.12 Cr (FY 2025) | 14.0% | Tiruppur, Tamil Nadu, India | |||
| Karan Letex Limitedthis company | ₹160.98 Cr (FY 2024) | ₹16.02 Cr | 9.9% | -8.0% | 127 | Kanpur, Uttar Pradesh, India |
| Dazzle Sports Wear Private Limited | ₹121.4 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| J P Clothings Private Limited | ₹86.38 Cr (FY 2025) | 29.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Karan Letex Limited, buy the company report.
Auditor
Karan Letex Limited is audited by P L Tandon & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P L Tandon & Co. | FY 2024 | 000186C |
Shareholding
The shareholding of Karan Letex Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karan Letex Limited, buy the company report.
Charges & borrowings
Open charges
₹27.1 Cr
Satisfied charges
₹1.54 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2025 | 101089046 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 18 Dec 2023 | 100833736 | Others | ₹20 Lakh | Open | |
| 19 Sep 2007 | 10078885 | State Bank of India | ₹25.9 Cr | Open | |
| 29 May 1998 | 90270415 | State Bank of India | ₹77 Lakh | Satisfied | |
| 29 May 1998 | 90272090 | State Bank of India | ₹77 Lakh | Satisfied |
To see the full charge records of Karan Letex Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Karan Letex Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.14 Cr; the latest was in March 2024.
Total deals
11
Secondary share transfers
8
Funding rounds
3
Disclosed funding
₹3.14 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: BNNK Holdings Private Limited Seller: Deep Kumar Garg Huf, Deep Kumar Sandhya Huf |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Smarttex International Private Limited , BNNK Holdings Private Limited Seller: Karan Holdings Private Limited, 3 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Vipra Packs India Pvt. Ltd. , an individual Seller: Impact Media Private Limited , Unistar Multimedia Limited , Smart Rubber Private Limited |
| Nov 2018 | Secondary share transfer | Undisclosed | Seller: Vipra Packs India Pvt. Ltd. , Impact Media Private Limited , SVPL Developers Private Limited |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: SVPL Developers Private Limited Seller: Kay Aar Fastner Limited, M.B.Wire Products Private Limited , Unistar Multimedia Private Limited |
To see the full deal history of Karan Letex 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
Karan Letex Limited has 5 court cases on record: 2 filed by Karan Letex, 3 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (WTAX) | Filed by the company against Union of India and 5 Others | Pending |
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| High Court, UTTARPRADESH | Court case (WTAX) | Filed by the company against State of U.P. and Another | Disposed |
To see the full case history of Karan Letex 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 Karan Letex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karan Letex Limited has a workforce of 127 employees on its EPFO records as of Oct 09, 2025, across 2 active EPFO establishments.
Employee count
127
Active EPFO establishments
2
Employee growth
-8.63%
GST
Karan Letex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACK5414B1Z0 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karan Letex Limited, buy the company report.
Recent activity
Karan Letex Limited has 23 board changes on record since 1993: 14 appointments and 9 cessations. The latest: Rohit Kumar was appointed as Director on 20 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 101089046 was registered on 30 Mar 2025.
Charges
A charge registered on 29 May 1998 via Charge ID 90272090 with State Bank Of India was fully satisfied on 09 Jan 2025.
Charges
A charge registered on 29 May 1998 via Charge ID 90270415 with State Bank Of India was fully satisfied on 09 Jan 2025.
AGM
Karan Letex Limited last Annual general meeting of members was held on 29 Dec 2024 as per latest MCA records.
Appointed
Rohit Kumar was appointed as Director.
Appointed
Naman Garg was appointed as Director.
Ceased
Deep Kumar Garg ceased to be Whole-Time Director.
Ceased
Karan Garg ceased to be Whole-Time Director.
Ceased
Vivek Kumar ceased to be Director.
Filing
Karan Letex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Uttar Pradesh I.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100833736 was registered on 18 Dec 2023.
Appointed
Manish Kumar Tiwari was appointed as Director.
23 earlier events are in the company report.
Frequently asked questions
Karan Letex is an active public limited company based in Kanpur, Uttar Pradesh, India. The company works in sportswear and activewear, within the fashion and textile industry. It was incorporated on 28 April 1993 (33+ years old) and is registered under CIN U18101UP1993PLC015337.
Karan Letex has 5 current directors:
- Bharat Garg - Whole-Time Director
- Amit Goel - Director
- Manish Kumar Tiwari - Director
- Naman Garg - Director
- Rohit Kumar - Director
The latest financial statements of Karan Letex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karan Letex is 09AAACK5414B1Z0, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Karan Letex is U18101UP1993PLC015337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karan Letex has 5 court cases on record: 2 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Karan Letex was incorporated on 28 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Karan Letex has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹3.14 Cr; the latest was in March 2024.
The peers of Karan Letex by revenue are Techno Sportswear Private Limited, Dazzle Sports Wear Private Limited, J P Clothings Private Limited, all in the Apparel industry (Sportswear), with the same principal business activity (textile, leather and other apparel products).
Rohit Kumar was appointed as Director on 20 Jun 2024. Naman Garg was appointed as Director on 01 Jun 2024. Deep Kumar Garg ceased to be Whole-Time Director on 31 May 2024. Karan Letex has 23 board changes on record in total.
Yes, Karan Letex is registered as an MSME under Udyam registration (number: UDYAM-UP-43-0007738).
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