About Karmatex Apparels Private Limited
Data last updated:
Karmatex Apparels Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 13 June 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH2007PTC171284. Its GSTIN is 27AADCK1172B1Z0 (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was led by directors including Manoj Vipinchand Jain and Subodh Niranjan Wadhwani.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹249.59 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹24.67 Cr (net margin 9.9%) and EBITDA of ₹37.38 Cr (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 12% over five years.
The company had about 62 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Harbour 9 and Karmatex. As per MCA filings, the company had open charges of ₹80 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The last known website on record is karmatex.com.
Company details
Contact details
Karmatex Apparels Private Limited's registered office is in Mumbai, Maharashtra. Its website is karmatex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address901 Embassy Chamber 9th Floor Plot No.5 3rd Road, Khar (West) India, Mumbai, Maharashtra, India – 400052
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Karmatex Apparels 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
Brands
Karmatex Apparels operates two associated brands: Harbour 9 and Karmatex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Harbour 9 operates a direct-to-consumer brand offering casual wear for men. | harbour9.com | |
| Exports knitted and woven garments for men, ladies, kids, including blends with value additions. | karmatex.com |
Business activity
The main business activity of Karmatex Apparels 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 Karmatex Apparels Private Limited, buy the company report.
Financials of Karmatex Apparels Private Limited
FY 2023 filings availableKarmatex Apparels Private Limited reported revenue of ₹249.59 Cr (up 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 33% growth in the latest year. EBITDA rose 81% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹249.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹37.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.67 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15% | ||||
| 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 Karmatex Apparels Private Limited, buy the company report.
Board of directors of Karmatex Apparels Private Limited
Karmatex Apparels has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Vipinchand Jain | Director | 13 Jun 2007 | 19 Years 4 Months | As last reported |
| Subodh Niranjan Wadhwani | Director | 01 Apr 2010 | 16 Years 6 Months | As last reported |
| Arti Abhay Havaldar | Director | 13 Jun 2007 | 19 Years 4 Months | As last reported |
Peer comparison
Karmatex Apparels Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Sparsh Fab Textiles Private Limited | ₹250.73 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Giriraj Coated Fab Private Limited | ₹249.88 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Blue Chip Tex Industries Limited | ₹249.79 Cr (FY 2025) | -2.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Sandhya Spinning Mill Limited | ₹249.6 Cr (FY 2025) | -3.0% | Rajapalayam, Tamil Nadu, India | |||
| Karmatex Apparels Private Limitedthis company | ₹249.59 Cr (FY 2023) | ₹24.67 Cr | 9.9% | 33.0% | 62 | Mumbai, Maharashtra, India |
| Sanskar Agro Processors Private Limited | ₹247.63 Cr (FY 2025) | 19.0% | Wardha, Maharashtra, India | |||
| Murlidhar Ratanlal Exports Ltd | ₹246.62 Cr (FY 2025) | -17.0% | Kolkalat, West Bengal, India | |||
| Jaydeep Cotton Fibres Private Limited | ₹245.71 Cr (FY 2025) | 16.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Karmatex Apparels Private Limited, buy the company report.
Auditor
Karmatex Apparels Private Limited is audited by Mahendra Vora & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mahendra Vora & Co. | FY 2023 | 131296W |
Shareholding
The shareholding of Karmatex Apparels Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karmatex Apparels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2014 | 10528685 | The Hongkong and Shanghai Banking Corporation Limited | ₹21.5 Cr | Open | |
| 01 Sep 2014 | 10521987 | The Hongkong and Shanghai Banking Corporation Limited | ₹6 Cr | Open | |
| 22 Jan 2009 | 10144051 | Citibank N. A. | ₹2.5 Cr | Open | |
| 02 Jul 2008 | 10117520 | Citi Bank N.A. | ₹50 Cr | Open |
To see the full charge records of Karmatex Apparels Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Karmatex Apparels Private Limited has 3 court cases on record: 2 filed by Karmatex Apparels, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL CASE) | Filed against the company by Assistant Registrar of Companies | Disposed |
To see the full case history of Karmatex Apparels Private 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 Karmatex Apparels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karmatex Apparels Private Limited has a workforce of 62 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Karmatex Apparels has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK1172B1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 33AADCK1172B1Z7 | Tamil Nadu | Active | 29 Mar 2021 |
To see the full GST registrations and return filing status of Karmatex Apparels Private Limited, buy the company report.
Recent activity
Karmatex Apparels Private Limited has 3 board changes on record since 2007: 3 appointments. The latest: Subodh Niranjan Wadhwani was appointed as Director on 01 Apr 2010.
1 earlier event is in the company report.
News
Frequently asked questions
Karmatex Apparels has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Karmatex Apparels was a private limited company based in Mumbai, Maharashtra, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 13 June 2007 and is registered under CIN U18101MH2007PTC171284. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Karmatex Apparels was incorporated on 13 June 2007. It is registered with the Registrar of Companies, Mumbai.
Karmatex Apparels had 3 directors:
- Manoj Vipinchand Jain - Director
- Subodh Niranjan Wadhwani - Director
- Arti Abhay Havaldar - Director
The CIN (Corporate Identification Number) of Karmatex Apparels is U18101MH2007PTC171284. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Karmatex Apparels is at 901 Embassy Chamber 9th Floor Plot No.5 3rd Road, Khar West India, Mumbai, Maharashtra, India – 400052.
Karmatex Apparels can be reached through the website karmatex.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Karmatex Apparels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Karmatex Apparels is 27AADCK1172B1Z0, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADCK1172B1Z7 (Tamil Nadu).
Karmatex Apparels operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Karmatex Apparels by revenue are Sparsh Fab Textiles Private Limited, Giriraj Coated Fab Private Limited, Blue Chip Tex Industries Limited, Sandhya Spinning Mill Limited, Sanskar Agro Processors Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).