MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-15-0000169
Kariwala Industries Limited - fashion and textile in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹89.16 Cr
▼ 17% YoY
Net profit · FY 2025
₹12.03 Cr
Net margin 13.5%
EBITDA · FY 2025
₹18.08 Cr
EBITDA margin 20.3%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹54.4 Lakh
Issued & subscribed
Open charges
₹18.05 Cr
Satisfied ₹12.5 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
118
Provident fund records
About Kariwala Industries Limited
Data last updated:
Kariwala Industries Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the workwear and uniforms segment of the fashion and textiles sector. It was incorporated on 02 January 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17121WB1989PLC045882. Its GSTIN is 19AABCK1380K1ZE (West Bengal).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹54.4 Lakh. It was formerly known as Kariwala Exports Private Limited. It is led by directors including Anil Kariwala (Managing Director) and Bajrang Lal Banthia.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at J – 15 Block Ep Sector V Salt Lake City, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2025, the company reported a revenue of ₹89.16 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹12.03 Cr (net margin 13.5%) and EBITDA of ₹18.08 Cr (EBITDA margin 20.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
The company has about 118 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kariwala Industries. As per MCA filings, the company has open charges of ₹18.05 Cr and satisfied charges of ₹12.5 Cr on record. Court records list 26 cases involving the company, including 14 filed by the company and 12 filed against it; 9 cases are pending. The company has 11 deals on record (11 secondary share transfers); the latest was in September 2025. Its 5 peer companies in the Apparel industry (Uniform and Work Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 3 smaller; the largest is Tarasafe International Private Limited with revenue of ₹160.82 Cr.
Kariwala Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-15-0000169). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kariwala.com.
Company details
CIN U17121WB1989PLC045882
Registration Number 045882
Incorporation Date 02 January 1989
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-15-0000169
CIN history
Kariwala Industries has one previous CIN (Corporate Identification Number): U17121WB1989PTC045882. The current CIN is U17121WB1989PLC045882, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17121WB1989PLC045882 | Current |
| U17121WB1989PTC045882 | Previous |
Key People
Anil Kariwala Managing Director Bajrang Lal Banthia Director Prasad Ayyappankave Ramakrishnan Director Recognitions & Rankings of Kariwala Industries
Contact details
Kariwala Industries Limited's registered office is in Kolkata, West Bengal. Its website is kariwala.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJ – 15 Block Ep Sector V Salt Lake City, Kolkata, West Bengal, India – 700091
- IndustryFashion and Textile, Workwear & Uniforms
To see the full contact details of Kariwala Industries Limited, buy the company report.
Comprehensive company report
Kariwala Industries 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
Kariwala Industries operates one associated brand: Kariwala Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Work-wear, protective clothing, and bags are manufactured by the company. | kariwala.com |
Business activity
The main business activities of Kariwala Industries are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Kariwala Industries Limited, buy the company report.
Financials of Kariwala Industries Limited
FY 2024 filings availableKariwala Industries Limited reported revenue of ₹89.16 Cr (down 17% YoY) for FY 2025.
Revenue · FY 2025
₹89.16 Cr ▼ 17%
Net profit · FY 2025
₹12.03 Cr margin 13.5%
EBITDA · FY 2025
₹18.08 Cr margin 20.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 4%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 41%
3 years · compounded
▼ 2%
5 years · compounded
▲ 19%
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 41% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.03 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.3% | ||||
| Net Profit Margin | 13.5% | ||||
| 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 Kariwala Industries Limited, buy the company report.
Board of directors of Kariwala Industries Limited
Kariwala Industries has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bajrang Lal Banthia | Director | 15 May 2018 | 8 Years 5 Months | Current |
| Prasad Ayyappankave Ramakrishnan | Director | 09 Dec 2023 | 2 Years 11 Months | Current |
| Anil Kariwala | Managing Director | 01 Jan 1996 | 30 Years 10 Months | Current |
| Hiten Ratilal Udani | Director | 29 Sep 2021 | 5 Years 1 Months | Current |
| Avantika Kariwala | Additional Director | 05 Mar 2025 | 1 Years 8 Months | Current |
Peer comparison
Kariwala Industries Limited is compared with the 5 companies closest to it by revenue in the Apparel industry (Uniform and Work Wear), 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 |
|---|---|---|---|---|---|---|
| Tarasafe International Private Limited | ₹160.82 Cr (FY 2024) | 25.0% | Kolkata, West Bengal, India | |||
| Chandra Mukhi Impex Ltd | ₹109.88 Cr (FY 2025) | 24.0% | Kolkata, West Bengal, India | |||
| Kariwala Industries Limitedthis company | ₹89.16 Cr (FY 2025) | ₹12.03 Cr | 13.5% | -17.0% | 118 | Kolkata, West Bengal, India |
| Zenith Apex Private Limited | ₹78.35 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| JPM Exports Private Limited | ₹74.73 Cr (FY 2018) | 18.0% | Kolkata, West Bengal, India | |||
| Abhikriti Impex Private Limited | ₹65.44 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Kariwala Industries Limited, buy the company report.
Auditor
Kariwala Industries Limited is audited by Sreedar Mohan and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sreedar Mohan and Associates | FY 2023 | 012722S |
Shareholding
The shareholding of Kariwala Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kariwala Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹18.05 Cr
Satisfied charges
₹12.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2017 | 100138450 | Others | ₹55 Lakh | Open | |
| 30 May 2014 | 10511876 | Hdfc Bank Limited | ₹17.5 Cr | Open | |
| 15 Jan 2011 | 10266108 | Axis Bank Limited | ₹4.5 Cr | Satisfied | |
| 27 Jun 2000 | 90253966 | State Bank of Bikaner & Jaipur | ₹8 Cr | Satisfied |
To see the full charge records of Kariwala Industries Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Kariwala Industries Limited has 11 deals on record (11 secondary share transfers); the latest was in September 2025.
Total deals
11
Secondary share transfers
11
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Bhanwar Lal Nahata Huf, an individual |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Sushil Kumar Kariwala Huf, an individual Seller: 2 individuals |
To see the full deal history of Kariwala Industries 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
Kariwala Industries Limited has 26 court cases on record: 14 filed by Kariwala Industries, 12 filed against it. 9 cases are pending and 17 are disposed.
Total cases
26
Filed by the company
14
Filed against the company
12
Pending
9
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 7 | 6 |
| High courts | 11 | 4 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against Crown Weldcare Private Limited and 3 others | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against GS Software Pvt Ltd | Pending |
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against G S Software Pvt Limited | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against G.S Software Private Limited | Disposed |
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed by the company against Xponse Technologies Ltd. | Disposed |
To see the full case history of Kariwala Industries 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 Kariwala Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kariwala Industries Limited has a workforce of 118 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
118
Active EPFO establishments
1
Employee growth
11.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 118 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Kariwala Industries Limited, buy the company report.
GST
Kariwala Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCK1380K1ZE | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kariwala Industries Limited, buy the company report.
Recent activity
Kariwala Industries Limited has 13 board changes on record since 1996: 6 appointments and 7 cessations. The latest: Manish Todi was appointed as CFO on 26 Mar 2025.
Appointed
Manish Todi was appointed as CFO.
Appointed
Avantika Kariwala was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 17.50 Cr registered on 30 May 2014 with Charge ID 10511876 was modified on 19 Oct 2024.
AGM
Kariwala Industries Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
Ceased
Prasad Ayyappankave Ramakrishnan ceased to be Additional Director.
Filing
Kariwala Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Appointed
Prasad Ayyappankave Ramakrishnan was appointed as Director.
Appointed
Hiten Ratilal Udani was appointed as Director.
Ceased
Santanu Ray ceased to be Director.
Ceased
Bajrang Lal Banthia ceased to be Additional Director.
Ceased
Manoj Kumar Agarwal ceased to be Additional Director.
Ceased
Mohammad Irshad Ahmad ceased to be Additional Director.
13 earlier events are in the company report.
Frequently asked questions
Kariwala Industries is an active public limited company based in Kolkata, West Bengal, India. The company works in workwear and uniforms, within the fashion and textile industry. It was incorporated on 02 January 1989 (37+ years old) and is registered under CIN U17121WB1989PLC045882.
Kariwala Industries has 5 current directors:
- Anil Kariwala - Managing Director
- Bajrang Lal Banthia - Director
- Prasad Ayyappankave Ramakrishnan - Director
- Hiten Ratilal Udani - Director
- Avantika Kariwala - Additional Director
The latest financial statements of Kariwala Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kariwala Industries is 19AABCK1380K1ZE, registered in West Bengal.
The CIN (Corporate Identification Number) of Kariwala Industries is U17121WB1989PLC045882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kariwala Industries has 26 court cases on record: 14 filed by the company and 12 filed against it. 9 are pending. Most are in the district courts.
Kariwala Industries was incorporated on 02 January 1989, making it 37+ years old. It is registered with the Registrar of Companies, Kolkata.
Kariwala Industries has 11 deals on record (11 secondary share transfers); the latest was in September 2025.
The peers of Kariwala Industries by revenue are Tarasafe International Private Limited, Chandra Mukhi Impex Ltd, Zenith Apex Private Limited, JPM Exports Private Limited, Abhikriti Impex Private Limited, all in the Apparel industry (Uniform and Work Wear), with the same principal business activity (textile, leather and other apparel products).
Manish Todi was appointed as CFO on 26 Mar 2025. Avantika Kariwala was appointed as Additional Director on 05 Mar 2025. Prasad Ayyappankave Ramakrishnan ceased to be Additional Director on 24 Sep 2024. Kariwala Industries has 13 board changes on record in total.
Yes, Kariwala Industries is registered as a small enterprise under Udyam registration (number: UDYAM-WB-15-0000169).
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