Karle International Private Limited

Karle International Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U51909KA2008PTC047741 Incorporated 10 September 2008 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2023
₹96.77 Cr
▲ 88% YoY
Net profit · FY 2023
₹14.45 Lakh
Net margin 0.1%
EBITDA · FY 2023
₹2.15 Cr
EBITDA margin 2.2%
Authorised capital
₹65 Cr
Registered with MCA
Paid-up capital
₹63.1 Cr
Issued & subscribed
Open charges
₹26.6 Cr
Satisfied ₹64 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
476
Provident fund records

About Karle International Private Limited

Data last updated:

Karle International Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 September 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2008PTC047741. Its GSTIN is 29AADCK4886C1ZB (Karnataka).

The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹63.1 Cr. It is led by directors Sudarshan Karle and Mahendra Karle.

Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 151 Industrial Suburb Yeshwanthpur, Bangalore, Karnataka, India – 560022.

As per the financials filed for FY 2023, the company reported a revenue of ₹96.77 Cr, a growth of 88% compared to the previous year. For the same year it recorded a net profit of ₹14.45 Lakh (net margin 0.1%) and EBITDA of ₹2.15 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.

The company has about 476 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹26.6 Cr and satisfied charges of ₹64 Cr on record. Court records list 64 cases involving the company, including 45 filed by the company and 19 filed against it; 3 cases are pending. The company has 4 deals on record (2 rights issues, 2 funding rounds), with disclosed funding of ₹62 Cr; the latest was in April 2019. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 5 smaller; the largest is Betex India Limited (Co TR From Maha ) with revenue of ₹97.15 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 micro and small suppliers.

Karle International Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0175826). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karlegroup.com.

Company details

CIN U51909KA2008PTC047741
Registration Number 047741
Incorporation Date 10 September 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0175826
Key People
Sudarshan Karle Director Mahendra Karle Director

Recognitions & Rankings of Karle International

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0175826

Contact details

Karle International Private Limited's registered office is in Bangalore, Karnataka. Its website is karlegroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    karlegroup.com
  • Registered Address
    No. 151 Industrial Suburb Yeshwanthpur, Bangalore, Karnataka, India – 560022
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Karle International Private Limited, buy the company report.

Comprehensive company report
Karle International Private 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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Business activity

The main business activity of Karle International is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Karle International Private Limited, buy the company report.

Financials of Karle International Private Limited

FY 2023 filings available

Karle International Private Limited reported revenue of ₹96.77 Cr (up 88% YoY) for FY 2023.

Revenue · FY 2023
₹96.77 Cr ▲ 88%
Net profit · FY 2023
₹14.45 Lakh margin 0.1%
EBITDA · FY 2023
₹2.15 Cr margin 2.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 88%
3 years · compounded
▲ 15%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 30%
5 years · compounded
▲ 16%

Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 88% growth in the latest year. EBITDA rose 107% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
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₹2.15 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹14.45 Lakh
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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin2.2%
Net Profit Margin0.1%
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 Karle International Private Limited, buy the company report.

Board of directors of Karle International Private Limited

Karle International has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Sudarshan Karle
Also directs: Brain 'N' Beyond Biotech Private Limited, Karle Health Sciences Private Limited, Karle Tech Park Private Limited and 3 more
Director10 Sep 200818 Years 1 MonthsCurrent
Mahendra Karle
Also directs: Brain 'N' Beyond Biotech Private Limited, Karle Health Sciences Private Limited, Karle Tech Park Private Limited and 3 more
Director10 Sep 200818 Years 1 MonthsCurrent
View all directors

Peer comparison

Karle International 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Betex India Limited (Co TR From Maha )₹97.15 Cr (FY 2025)8.0%Surat, Gujarat, India
Pragati Spinners Private Limited₹97.02 Cr (FY 2024)-2.0%Hyderabad, Telangana, India
Elegant Dyeing and Processing Private Limited₹96.98 Cr (FY 2025)23.0%Delhi, India
Karle International Private Limitedthis company₹96.77 Cr (FY 2023)₹14.45 Lakh0.1%88.0%476Bangalore, Karnataka, India
Shri Damodar Yarn Manufacturing Pvt Ltd₹96.66 Cr (FY 2025)11.0%Mumbai, Maharashtra, India
Krishna Alkali (Bombay) Private Limited₹96.66 Cr (FY 2025)35.0%Mumbai, Maharashtra, India
Bhaskar Silk Mills Private Limited₹96.63 Cr (FY 2025)1.0%Surat, Gujarat, India
Shree Siddhivinayak Cotfab Private Limited₹96.63 Cr (FY 2025)-48.0%Ahmedabad, Gujarat, India
Kanti Fashion Fabs (India) Private Limited₹96.52 Cr (FY 2025)12.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Karle International Private Limited, buy the company report.

Auditor

Karle International Private Limited is audited by NDS and company for the financial year 2022.

Auditor firmFinancial yearFirm registration number
NDS and companyFY 2022009804S

Shareholding

The shareholding of Karle International Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Karle International Private Limited, buy the company report.

Charges & borrowings

Open charges
₹26.6 Cr
Satisfied charges
₹64 Cr
Breakdown by lending institutions
State Bank of India₹26.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Jan 200910140274State Bank of India₹26.6 CrOpen
21 Feb 201110268052Punjab National Bank₹25 CrSatisfied
29 Sep 200910183297The Bank of Rajasthan Limited₹9 CrSatisfied
03 Jan 200910140890Sbi Factors and Commercial Services Private Limited₹15 CrSatisfied
24 Oct 200810129116The Bank of Rajasthan Limited₹15 CrSatisfied

To see the full charge records of Karle International Private Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Karle International Private Limited has 4 deals on record (2 rights issues, 2 funding rounds), with disclosed funding of ₹62 Cr; the latest was in April 2019.

Total deals
4
Rights issues
2
Funding rounds
2
Disclosed funding
₹62 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Apr 2019Rights issue₹10.4 CrInvestors: 4 individuals
Mar 2018Rights issue₹30 CrInvestors: 2 individuals
Jan 2011Funding round₹47 CrInvestors: 4 individuals
Mar 2010Funding round₹15 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Karle International Private Limited was last rated by Care on 07 Apr 2022.

Rating agencyRated onRating
Care07 Apr 2022

To see the full credit ratings and regulatory alerts of Karle International Private Limited, buy the company report.

MSME payment delays

Karle International Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 6)

SupplierAmount dueDue sinceReported on
an individual supplier
Madura Coats Private Limited
Pack Rite
an individual supplier
an individual supplier

To see the full MSME payment records of Karle International Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Karle International Private Limited has a workforce of 476 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
476
Active EPFO establishments
1
Employee growth
-39.97%

GST

Karle International has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AADCK4886C1ZBKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Karle International Private Limited, buy the company report.

Recent activity

Karle International Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Mahendra Karle was appointed as Director on 10 Sep 2008.

AGM
Karle International Private Limited last Annual general meeting of members was held on 25 Sep 2023 as per latest MCA records.
Filing
Karle International Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 26.60 Cr registered on 09 Jan 2009 with Charge ID 10140274 was modified on 16 Nov 2021.
Charges
A charge registered on 24 Oct 2008 via Charge ID 10129116 with The Bank Of Rajasthan Limited was fully satisfied on 18 Mar 2013.
Charges
A charge registered on 03 Jan 2009 via Charge ID 10140890 with Sbi Factors And Commercial Services Private Limited was fully satisfied on 05 Jan 2013.
Charges
A charge registered on 21 Feb 2011 via Charge ID 10268052 with Punjab National Bank was fully satisfied on 09 Nov 2011.
Charges
A charge with Punjab National Bank amounted to Rs. 25.00 Cr with Charge ID 10268052 was registered on 21 Feb 2011.
Charges
A charge registered on 29 Sep 2009 via Charge ID 10183297 with The Bank Of Rajasthan Limited was fully satisfied on 07 Jan 2011.
Charges
A charge with The Bank Of Rajasthan Limited amounted to Rs. 9.00 Cr with Charge ID 10183297 was registered on 29 Sep 2009.
Charges
A charge with State Bank Of India amounted to Rs. 26.60 Cr with Charge ID 10140274 was registered on 09 Jan 2009.
Charges
A charge with Sbi Factors And Commercial Services Private Limited amounted to Rs. 15.00 Cr with Charge ID 10140890 was registered on 03 Jan 2009.
Charges
A charge with The Bank Of Rajasthan Limited amounted to Rs. 15.00 Cr with Charge ID 10129116 was registered on 24 Oct 2008.

3 earlier events are in the company report.

Frequently asked questions

Karle International is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 10 September 2008 (18+ years old) and is registered under CIN U51909KA2008PTC047741.

Karle International has 2 current directors:

The latest financial statements of Karle International on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Karle International is 29AADCK4886C1ZB, registered in Karnataka.

The CIN (Corporate Identification Number) of Karle International is U51909KA2008PTC047741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Karle International has 64 court cases on record: 45 filed by the company and 19 filed against it. 3 are pending. Most are in the district courts.

Karle International was incorporated on 10 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.

Karle International has 4 deals on record (2 rights issues, 2 funding rounds), with disclosed funding of ₹62 Cr; the latest was in April 2019.

The peers of Karle International by revenue are Betex India Limited (Co TR From Maha ), Pragati Spinners Private Limited, Elegant Dyeing and Processing Private Limited, Shri Damodar Yarn Manufacturing Pvt Ltd, Krishna Alkali (Bombay) Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Mahendra Karle was appointed as Director on 10 Sep 2008. Sudarshan Karle was appointed as Director on 10 Sep 2008.

Yes, Karle International is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0175826).

Karle International has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 06 May 2022.