MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0021872
Klass Velvets Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.97 Cr
▼ 4% YoY
Net profit · FY 2025
₹67.78 Lakh
Net margin 2.7%
EBITDA · FY 2025
₹2.64 Cr
EBITDA margin 10.6%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹14.21 Lakh
Issued & subscribed
Open charges
₹10.5 Cr
Satisfied ₹1.5 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
36
Provident fund records
About Klass Velvets Private Limited
Data last updated:
Klass Velvets Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH2005PTC150365. Its GSTIN is 27AACCK4896R1ZJ (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14.21 Lakh. It is led by directors including Deepa Ravi Shorewala and Kailashpati Arjundas Gupta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 70 Mirza Street, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.97 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹67.78 Lakh (net margin 2.7%) and EBITDA of ₹2.64 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Klass Velvets. As per MCA filings, the company has open charges of ₹10.5 Cr and satisfied charges of ₹1.5 Cr on record.
Klass Velvets Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0021872). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website klassvelvets.com.
Company details
CIN U17120MH2005PTC150365
Registration Number 150365
Incorporation Date 03 January 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0021872
Key People
Deepa Ravi Shorewala Director Kailashpati Arjundas Gupta Director Rishabh Ravi Shorewala Director Recognitions & Rankings of Klass Velvets
Contact details
Klass Velvets Private Limited's registered office is in Mumbai, Maharashtra. Its website is klassvelvets.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address70 Mirza Street, Mumbai, Maharashtra, India – 400003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Klass Velvets Private Limited, buy the company report.
Comprehensive company report
Klass Velvets 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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Brands
Klass Velvets operates one associated brand: Klass Velvets. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a contract manufacturer specializing in fabric textiles. | klassvelvets.com |
Business activity
The main business activity of Klass Velvets 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 Klass Velvets Private Limited, buy the company report.
Financials of Klass Velvets Private Limited
FY 2025 filings availableKlass Velvets Private Limited reported revenue of ₹24.97 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹24.97 Cr ▼ 4%
Net profit · FY 2025
₹67.78 Lakh margin 2.7%
EBITDA · FY 2025
₹2.64 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 8%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 6%
5 years · compounded
▲ 3%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 12% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹67.78 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Klass Velvets Private Limited, buy the company report.
Board of directors of Klass Velvets Private Limited
Klass Velvets has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepa Ravi Shorewala | Director | 28 Dec 2019 | 6 Years 10 Months | Current |
| Kailashpati Arjundas Gupta Also directs: Shotex Velvets Private Limited | Director | 03 Jan 2005 | 21 Years 9 Months | Current |
| Rishabh Ravi Shorewala Also directs: Shotex Velvets Private Limited | Director | 22 Mar 2016 | 10 Years 7 Months | Current |
| Ravi Kailash Shorewala Also directs: Shotex Velvets Private Limited | Director | 03 Jan 2005 | 21 Years 9 Months | Current |
| Radhika Rishabh Shorewala | Additional Director | 01 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Klass Velvets 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhanesh Weaving Private Limited | ₹25.02 Cr (FY 2024) | 2.0% | Mumbai, Maharashtra, India | |||
| Prerna Rex Pvt Ltd | ₹25 Cr (FY 2024) | 2.0% | Delhi, India | |||
| Silwester Textiles Private Limited | ₹24.99 Cr (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Sree K N M Spinning Mills Private Limited | ₹24.98 Cr (FY 2025) | 65.0% | Coimbatore, Tamil Nadu, India | |||
| Klass Velvets Private Limitedthis company | ₹24.97 Cr (FY 2025) | ₹67.78 Lakh | 2.7% | -4.0% | 36 | Mumbai, Maharashtra, India |
| Soul Clothing Private Limited | ₹24.96 Cr (FY 2024) | -33.0% | Surat, Gujarat, India | |||
| Ramdoot Fibres Pvt Ltd | ₹24.95 Cr (FY 2025) | 98.0% | Surat, Gujarat, India | |||
| Radiyant Knit Fashions Private Limited | ₹24.94 Cr (FY 2020) | -21.0% | Tirupur, Tamil Nadu, India | |||
| Super Empire Industries Private Limited | ₹24.94 Cr (FY 2024) | -1.0% | Latur, Maharashtra, India |
To see the full peer comparison of Klass Velvets Private Limited, buy the company report.
Auditor
Klass Velvets Private Limited is audited by V. Singhi & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Singhi & Associates | FY 2022 | 311017E |
Shareholding
The shareholding of Klass Velvets 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 Klass Velvets Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.5 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2025 | 101160338 | Others | ₹19.75 Lakh | Open | |
| 20 Apr 2015 | 10564703 | Hdfc Bank Limited | ₹10.3 Cr | Open | |
| 11 Jun 2013 | 10437411 | Indian Overseas Bank | ₹80 Lakh | Satisfied | |
| 22 Sep 2011 | 10311541 | Indian Overseas Bank | ₹70 Lakh | Satisfied |
To see the full charge records of Klass Velvets Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Klass Velvets Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Klass Velvets Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sunshine Velvet Private Limited | |||
| Eagle Fibres Limited | |||
| Eagle Sizers | |||
| Nandan Textiles Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Klass Velvets Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Klass Velvets Private Limited has a workforce of 36 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
-2.7%
GST
Klass Velvets has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCK4896R1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Klass Velvets Private Limited, buy the company report.
Recent activity
Klass Velvets Private Limited has 8 board changes on record since 2005: 5 appointments and 3 cessations. The latest: Radhika Rishabh Shorewala was appointed as Additional Director on 01 Jan 2026.
Appointed
Radhika Rishabh Shorewala was appointed as Additional Director.
AGM
Klass Velvets Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 19.75 Lakh with Charge ID 101160338 was registered on 14 Jul 2025.
Filing
Klass Velvets Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 1,030.00 Lakh registered on 20 Apr 2015 with Charge ID 10564703 was modified on 13 Mar 2025.
Appointed
Deepa Ravi Shorewala was appointed as Director.
Ceased
Deepa Ravi Shorewala ceased to be Additional Director.
Ceased
Prashant Shrestha ceased to be Director.
Ceased
Rishabh Ravi Shorewala ceased to be Additional Director.
Appointed
Rishabh Ravi Shorewala was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,030.00 Lakh with Charge ID 10564703 was registered on 20 Apr 2015.
Charges
A charge registered on 11 Jun 2013 via Charge ID 10437411 with Indian Overseas Bank was fully satisfied on 15 Apr 2015.
6 earlier events are in the company report.
Frequently asked questions
Klass Velvets is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 January 2005 (21+ years old) and is registered under CIN U17120MH2005PTC150365.
Klass Velvets has 5 current directors:
- Deepa Ravi Shorewala - Director
- Kailashpati Arjundas Gupta - Director
- Rishabh Ravi Shorewala - Director
- Ravi Kailash Shorewala - Director
- Radhika Rishabh Shorewala - Additional Director
The latest financial statements of Klass Velvets on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Klass Velvets is 27AACCK4896R1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Klass Velvets is U17120MH2005PTC150365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Klass Velvets was incorporated on 03 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Klass Velvets by revenue are Dhanesh Weaving Private Limited, Prerna Rex Pvt Ltd, Silwester Textiles Private Limited, Sree K N M Spinning Mills Private Limited, Soul Clothing Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Radhika Rishabh Shorewala was appointed as Additional Director on 01 Jan 2026. Deepa Ravi Shorewala was appointed as Director on 28 Dec 2019. Deepa Ravi Shorewala ceased to be Additional Director on 01 Aug 2019. Klass Velvets has 8 board changes on record in total.
Yes, Klass Velvets is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0021872).
Klass Velvets has 9 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 7 micro and small suppliers. The latest return was filed on 30 Oct 2023.
Klass Velvets can be reached through the website klassvelvets.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Klass Velvets is at 70 Mirza Street, Mumbai, Maharashtra, India – 400003.