Karnataka Handloom Development Corporation Limited - Company Profile

It is a manufacturing public limited state government company based in Hubli, Karnataka, India, established in 1975.
1975 Hubli, Karnataka, India Active
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About Karnataka Handloom Development Corporation Limited

Karnataka Handloom Development Corporation Limited, a active public limited state government company, was established on 03 October 1975 in Hubli, Karnataka, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U01820KA1975SGC002883. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹95.00 Cr and a paid-up capital of ₹51.88 Cr.

Formerly known as The Karnataka Handloom Development Corporation Limited. It upholds a compliant status. Employing 108 professional, Its leadership includes Ramandeep Chowdhary (Nominee Director), Varnit Negi (Managing Director), Vinothpriya Ramaiah (Nominee Director). Past directors included Mohammed Ikramulla Shariff, Vishal Ravi, Pankaj Kumar Pandey. It holds ₹26.99 Cr open charges and ₹22.62 Cr settled loans. Its latest AGM occurred on 24 March 2025, with the balance sheet filed on 31 March 2021. It is based at First Floor, Priyadarshini Nekara Bhavan Vidya Nagar, Hubli, Karnataka, 580031.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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Company Details

  • CIN/LLPIN

    U01820KA1975SGC002883

  • Registration Number

    002883

  • Incorporation Date

    03 October 1975

  • Authorized Capital

    ₹95.00 Cr

  • Paid-Up Capital

    ₹51.88 Cr

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 95.00 Cr
  • Paid Up Capital ₹ 51.88 Cr
  • Company Age 50 Year, 4 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 26.99 Cr
  • Satisfied Charges ₹ 22.62 Cr
Company report

Karnataka Handloom Development Corporation Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Karnataka Handloom Development Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Karnataka Handloom Development Corporation Limited?
Current Directors
Name Designation Appointment Date Status
Ramandeep Chowdhary Nominee Director 31 Jan 2025 Current
Varnit Negi Managing Director 06 Jul 2024 Current
Vinothpriya Ramaiah Nominee Director 04 Jul 2025 Current
Basavaraju Gopal Krishna Nominee Director 04 Sep 2024 Current
Krishnamurthy Jyothi Nominee Director 04 Sep 2024 Current
Garima Panwar Managing Director 24 Jun 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Nominee Director 06 Jul 2024 Past
Pramod Abcsdd Nominee Director 05 Sep 2023 Past
Pramod Abcsdd Nominee Director 17 Jun 2023 Past
Pramod Abcsdd Director 30 Sep 2011 Past
Pramod Abcsdd Director 16 Dec 2017 Past
Pramod Abcsdd Managing Director 30 Sep 2011 Past

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Financial Performance of Karnataka Handloom Development Corporation.

Karnataka Handloom Development Corporation Limited, for the financial year ended 2020, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Karnataka Handloom Development Corporation revenue growth over time
Karnataka Handloom Development Corporation profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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What is the Ownership and Shareholding Structure of Karnataka Handloom Development Corporation?

In 2020, Karnataka Handloom Development Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹269,900,000.00

Satisfied Charges

₹226,150,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 26.99 Cr
Latest Charge Details
Date Lender Amount Status
09 Dec 2013 State Bank Of India ₹26.99 Cr Open
03 Feb 2010 State Bank Of India ₹15.00 Cr Satisfied
29 Apr 1986 State Bank Of India ₹6.95 Cr Satisfied
03 Sep 1985 State Bank Of India ₹3.95 M Satisfied
22 Nov 1983 Syndicate Bank ₹2.70 M Satisfied

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How Many Employees Work at Karnataka Handloom Development Corporation?

Karnataka Handloom Development Corporation has a workforce of 108 employees as of Oct 22, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Karnataka Handloom Development Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Karnataka Handloom Development Corporation's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Karnataka Handloom Development Corporation
Recent Activity within the Organization
  • Director Appointment

    The activity Vinothpriya Ramaiah was appointed as a Nominee Director was appointed as a Nominee Director on 04 Jul 2025 & has been associated with this company since 7 months 19 days . was completed.

  • Director Appointment

    Progress on Garima Panwar was appointed as a Managing Director was appointed as a Managing Director on 24 Jun 2025 & has been associated with this company since 7 months 29 days . was documented.

  • Annual General Meeting

    Karnataka Handloom Development Corporation Limited last Annual general meeting of members was held on 24 Mar 2025 as per latest MCA records. was recorded as a recent event.

  • Director Appointment

    Progress on Ramandeep Chowdhary was appointed as a Nominee Director was appointed as a Nominee Director on 31 Jan 2025 & has been associated with this company since 1 year 20 days . was documented.

  • Director Appointment

    Progress on Ganesh G Jedar was appointed as a Cfo was appointed as a Cfo on 24 Oct 2024 & has been associated with this company since 1 year 3 months . was documented.

  • Director Appointment

    Progress on Basavaraju Gopal Krishna was appointed as a Nominee Director was appointed as a Nominee Director on 04 Sep 2024 & has been associated with this company since 1 year 5 months . was documented.

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Frequently Asked Questions
What is the CIN of Karnataka Handloom Development Corporation Limited?

The CIN of Karnataka Handloom Development Corporation Limited is U01820KA1975SGC002883.

Where is Karnataka Handloom Development Corporation Limited headquartered?

Karnataka Handloom Development Corporation Limited is headquartered at First Floor, Priyadarshini Nekara Bhavan Vidya Nagar, Hubli, Karnataka, 580031.

When was Karnataka Handloom Development Corporation Limited incorporated?

Karnataka Handloom Development Corporation Limited was incorporated on 03 October 1975.

Who are the current directors of Karnataka Handloom Development Corporation Limited?

The current directors of Karnataka Handloom Development Corporation Limited are

What is the primary industry of Karnataka Handloom Development Corporation Limited?

The primary industry of Karnataka Handloom Development Corporation Limited is Manufacturing.

Is Karnataka Handloom Development Corporation Limited a listed company?

Karnataka Handloom Development Corporation Limited is unlisted.

What is the capital structure of Karnataka Handloom Development Corporation Limited?

The authorized capital of Karnataka Handloom Development Corporation Limited is ₹95.00 Cr, and the paid-up capital is ₹51.88 Cr.

What is the compliance status of Karnataka Handloom Development Corporation Limited?

The compliance status of Karnataka Handloom Development Corporation Limited is Compliant.

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