MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-01-0020805
Karwa Retail Private Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹37.09 Cr
▲ 19% YoY
Net profit · FY 2025
₹12.25 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹90.37 Lakh
EBITDA margin 2.4%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹9.43 Lakh
Issued & subscribed
Satisfied charges
₹2.11 Cr
No open charges
Company age
55 yrs
Est. 1971
Directors on board
3
As per MCA filings
About Karwa Retail Private Limited
Data last updated:
Karwa Retail Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 22 January 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21000MH1971PTC014970. Its GSTIN is 06AAACV2228E1ZR (Haryana). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹9.43 Lakh. It was formerly known as Venkateshwara Distributors Private Limited. It is led by directors including Nandkishore Karwa and Nilesh Nandkishore Karwa.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 308 Regent Chamber208 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.09 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹12.25 Lakh (net margin 0.3%) and EBITDA of ₹90.37 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 1% over five years.
As per MCA filings, the company has satisfied charges of ₹2.11 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Karwa Retail Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0020805). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karwamarketing.com.
Company details
CIN U21000MH1971PTC014970
Registration Number 014970
Incorporation Date 22 January 1971
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-01-0020805
CIN history
Karwa Retail has one previous CIN (Corporate Identification Number): U21000MH1979PTC014970. The current CIN is U21000MH1971PTC014970, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21000MH1971PTC014970 | Current |
| U21000MH1979PTC014970 | Previous |
Recognitions & Rankings of Karwa Retail
Contact details
Karwa Retail Private Limited's registered office is in Mumbai, Maharashtra. Its website is karwamarketing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address308 Regent Chamber208 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Karwa Retail Private Limited, buy the company report.
Comprehensive company report
Karwa Retail 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 Karwa Retail is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Karwa Retail Private Limited, buy the company report.
Financials of Karwa Retail Private Limited
FY 2024 filings availableKarwa Retail Private Limited reported revenue of ₹37.09 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹37.09 Cr ▲ 19%
Net profit · FY 2025
₹12.25 Lakh margin 0.3%
EBITDA · FY 2025
₹90.37 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 18%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▼ 13%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 19% growth in the latest year. EBITDA rose 18% 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 | ₹90.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.25 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Karwa Retail Private Limited, buy the company report.
Board of directors of Karwa Retail Private Limited
Karwa Retail has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandkishore Karwa Also directs: Karwa Agencies Private Limited, SNC Agencies Private Limited, Karwa Commercial Private Limited and 5 more | Director | 16 Oct 1990 | 36 Years 0 Months | Current |
| Nilesh Nandkishore Karwa Also directs: Karwa Agencies Private Limited, SNC Agencies Private Limited, Karwa Commercial Private Limited and 1 more | Director | 23 Mar 2004 | 22 Years 7 Months | Current |
| Narayan Karwa Also directs: SNC Agencies Private Limited, Karwa Commercial Private Limited, N K Overseas Traders Private Limited and 3 more | Director | 26 Jun 2003 | 23 Years 4 Months | Current |
Peer comparison
Karwa Retail Private Limited is compared with the 5 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambika Sarees Private Limited | ₹37.32 Cr (FY 2025) | 49.0% | Kolkata, West Bengal, India | |||
| Landmark Infonet Private Limited | ₹37.3 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| L. K. Vyapaar Private Limited | ₹37.27 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Karwa Retail Private Limitedthis company | ₹37.09 Cr (FY 2025) | ₹12.25 Lakh | 0.3% | 19.0% | Mumbai, Maharashtra, India | |
| Odyssey Computers Private Limited | ₹36.84 Cr (FY 2025) | -39.0% | Lucknow, Uttar Pradesh, India | |||
| Challanger Computers Ltd | ₹36.81 Cr (FY 2025) | 40.0% | Delhi, India |
To see the full peer comparison of Karwa Retail Private Limited, buy the company report.
Auditor
Karwa Retail Private Limited is audited by KOTHARI KULDEEP AND CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOTHARI KULDEEP AND CO. | FY 2023 | 015960C |
Shareholding
The shareholding of Karwa Retail 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 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 Karwa Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2.11 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2013 | 10434508 | Hdfc Bank Limited | ₹11 Lakh | Satisfied | |
| 28 Dec 2004 | 90241272 | Bank of Baroda | ₹2 Cr | Satisfied |
To see the full charge records of Karwa Retail Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Karwa Retail Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, Central, Delhi | Court case (L I D) | Filed against the company by an individual | Disposed |
To see the full case history of Karwa Retail 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
Karwa Retail Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Karwa Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Karwa Retail has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACV2228E1ZR | Haryana | Active | 01 Jul 2017 |
| 07AAACV2228E1ZP | Delhi | Active | 01 Jul 2017 |
| 09AAACV2228E1ZL | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karwa Retail Private Limited, buy the company report.
Recent activity
Karwa Retail Private Limited has 7 board changes on record since 1990: 3 appointments and 4 cessations. The latest: Nitin Karwa ceased to be Director on 17 May 2023.
AGM
Karwa Retail Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 31 May 2013 via Charge ID 10434508 with Hdfc Bank Limited was fully satisfied on 26 Apr 2024.
Filing
Karwa Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Nitin Karwa ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 11.00 Lakh registered on 31 May 2013 with Charge ID 10434508 was modified on 11 Apr 2023.
Ceased
Manju Karwa ceased to be Director.
Ceased
Sulochana Nandkishore Karwa ceased to be Director.
Ceased
Seema Karwa ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11.00 Lakh with Charge ID 10434508 was registered on 31 May 2013.
Charges
A charge registered on 28 Dec 2004 via Charge ID 90241272 with Bank Of Baroda was fully satisfied on 27 May 2013.
Charges
A charge with Bank Of Baroda of Rs. 200.00 Lakh registered on 28 Dec 2004 with Charge ID 90241272 was modified on 11 Oct 2011.
Charges
A charge with Bank Of Baroda amounted to Rs. 200.00 Lakh with Charge ID 90241272 was registered on 28 Dec 2004.
4 earlier events are in the company report.
Frequently asked questions
Karwa Retail is an active private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 22 January 1971 (55+ years old) and is registered under CIN U21000MH1971PTC014970.
Karwa Retail has 3 current directors:
- Nandkishore Karwa - Director
- Nilesh Nandkishore Karwa - Director
- Narayan Karwa - Director
The latest financial statements of Karwa Retail on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karwa Retail is 06AAACV2228E1ZR, registered in Haryana. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 07AAACV2228E1ZP (Delhi), 09AAACV2228E1ZL (Uttar Pradesh).
The CIN (Corporate Identification Number) of Karwa Retail is U21000MH1971PTC014970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karwa Retail has 2 court cases on record: 2 filed against it.
Karwa Retail was incorporated on 22 January 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Karwa Retail by revenue are Ambika Sarees Private Limited, Landmark Infonet Private Limited, L. K. Vyapaar Private Limited, Odyssey Computers Private Limited, Challanger Computers Ltd, all in the Apparel industry (Apparel Retail and Distribution, IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Nitin Karwa ceased to be Director on 17 May 2023. Manju Karwa ceased to be Director on 15 Nov 2021. Sulochana Nandkishore Karwa ceased to be Director on 15 Nov 2021. Karwa Retail has 7 board changes on record in total.
Yes, Karwa Retail is registered as a small enterprise under Udyam registration (number: UDYAM-DL-01-0020805).
Karwa Retail has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Karwa Retail can be reached through the website karwamarketing.com. Its registered office is in Mumbai, Maharashtra, India.
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