MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0008316
Linen Art Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹139.75 Cr
▼ 26% YoY
Net loss · FY 2025
₹60.34 Cr
Net margin -43.2%
EBITDA · FY 2025
-₹31.47 Cr
EBITDA margin -22.5%
Authorised capital
₹39 Cr
Registered with MCA
Paid-up capital
₹38.9 Cr
Issued & subscribed
Open charges
₹131.57 Cr
Satisfied ₹103.01 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
172
Provident fund records
About Linen Art Private Limited
Data last updated:
Linen Art 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 27 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2013PTC251465. Its GSTIN is 27AACCL6186H1Z8 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹39 Cr and a paid-up capital of ₹38.9 Cr. It is led by directors Vimal Kumar Goenka and Shitanshu Bipin Vora.
Its last annual general meeting (AGM) was held on 09 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 104D Boomerang Equity Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹139.75 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹60.34 Cr (net margin -43.2%) and EBITDA of -₹31.47 Cr (EBITDA margin -22.5%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 9% over five years.
The company has about 172 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹131.57 Cr and satisfied charges of ₹103.01 Cr on record. Court records list 21 cases involving the company, including 14 filed by the company and 7 filed against it; 4 cases are pending. The company has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹14.99 Cr; the latest was in March 2021. Its 6 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 3 smaller; the largest is Bally Fabs International Limited with revenue of ₹140.22 Cr. The company has 17 MSME Form 1 returns on record between 2018 and 2024, listing 146 overdue payments to 32 micro and small suppliers.
Linen Art Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0008316). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website linenart.in.
Company details
CIN U74120MH2013PTC251465
Registration Number 251465
Incorporation Date 27 December 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 09 October 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0008316
Key People
Shivanand Rama Hemmady Company Secretary Vimal Kumar Goenka Director Shitanshu Bipin Vora Director Recognitions & Rankings of Linen Art
Contact details
Linen Art Private Limited's registered office is in Mumbai, Maharashtra. Its website is linenart.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No. B1 – 104D Boomerang Equity Business Park Cts No. 4, Chandivali Farm Kurla Near Hindustan Transmission Compou Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Linen Art Private Limited, buy the company report.
Comprehensive company report
Linen Art 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 Linen Art 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 Linen Art Private Limited, buy the company report.
Financials of Linen Art Private Limited
FY 2023 filings availableLinen Art Private Limited reported revenue of ₹139.75 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹139.75 Cr ▼ 26%
Net loss · FY 2025
₹60.34 Cr margin -43.2%
EBITDA · FY 2025
-₹31.47 Cr margin -22.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 19%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▼ 228%
3 years · compounded
▼ 38%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 26% fall in the latest year. EBITDA fell 228% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹31.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹60.34 Cr | ||||
| Balance Sheet | |||||
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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 | -22.5% | ||||
| Net Profit Margin | -43.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Linen Art Private Limited, buy the company report.
Board of directors and KMP of Linen Art Private Limited
Linen Art Private Limited currently reports 2 directors and 1 key managerial person. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivanand Rama Hemmady Also directs: Spice Islands Industries Limited, The Central Province Railways Company Limited, Killick Paints Private Limited and 5 more | Company Secretary | 01 Aug 2019 | 7 Years 2 Months | Current |
| Vimal Kumar Goenka | Director | 30 Sep 2015 | 11 Years 0 Months | Current |
| Shitanshu Bipin Vora Also directs: Fancy Fab Spinning & Weaving Mill LLP, Ashwell Textiles Private Limited, Shreeja Devcon Private Limited and 1 more | Director | 31 Jan 2014 | 12 Years 8 Months | Current |
Peer comparison
Linen Art Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Bally Fabs International Limited | ₹140.22 Cr (FY 2025) | -15.0% | Howrah, West Bengal, India | |||
| Taanushre Internationals Private Limited | ₹140.06 Cr (FY 2025) | 7.0% | Surat, Gujarat, India | |||
| Yogiraj Ginning and Oil Industries Private Limited | ₹140.03 Cr (FY 2016) | 117.0% | Gondal, Gujarat, India | |||
| Linen Art Private Limitedthis company | ₹139.75 Cr (FY 2025) | -₹60.34 Cr | -43.2% | -26.0% | 172 | Mumbai, Maharashtra, India |
| Vico Fashion Private Limited | ₹139.57 Cr (FY 2025) | 51.0% | North 24 Parganas, West Bengal, India | |||
| Insha Cottex Private Limited | ₹139.43 Cr (FY 2025) | -18.0% | Narkhed, Maharashtra, India | |||
| Vitthaldas Govardhandas Ginners Private Limited | ₹139.05 Cr (FY 2025) | -5.0% | Jalgaon, Maharashtra, India |
To see the full peer comparison of Linen Art Private Limited, buy the company report.
Auditor
Linen Art Private Limited is audited by Ashar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashar & Co. | FY 2023 | 129159W |
Shareholding
The shareholding of Linen Art 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 Linen Art Private Limited, buy the company report.
Charges & borrowings
Open charges
₹131.57 Cr
Satisfied charges
₹103.01 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 2024 | 100902253 | Others | ₹10.14 Lakh | Open | |
| 19 Apr 2024 | 100902246 | Others | ₹8.88 Lakh | Open | |
| 18 Apr 2024 | 100902259 | Others | ₹25.79 Lakh | Open | |
| 18 Apr 2024 | 100902255 | Others | ₹18.05 Lakh | Open | |
| 18 Apr 2024 | 100902251 | Others | ₹10.69 Lakh | Open |
To see the full charge records of Linen Art Private Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Linen Art Private Limited has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹14.99 Cr; the latest was in March 2021.
Total deals
5
Rights issues
2
Secondary share transfers
2
Funding round
1
Disclosed funding
₹14.99 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹10 Cr | Investors: Ashwell Textiles Private Limited |
| Feb 2019 | Rights issue | ₹13.9 Cr | Investors: Meyuben Ventures Private Limited, Khetan Commerce Private Limited , Khetan Merchandise Private Limited , an individual |
| Mar 2016 | Funding round | ₹14.99 Cr | Investors: Ashwell Textiles Private Limited , Dart Suppliers Pvt Ltd , Novelty Commodities Private Limited , an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Linen Art Private Limited has 21 court cases on record: 14 filed by Linen Art, 7 filed against it. 4 cases are pending and 17 are disposed.
Total cases
21
Filed by the company
14
Filed against the company
7
Pending
4
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 10 | 3 | 2 |
| High courts | 5 | 1 | 1 |
| Supreme Court | 4 | 2 | 0 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court II | Tribunal matter | Filed against the company by Idbi Bank Ltd and 1 other | Pending |
| Supreme Court | Appeal | Filed against the company by Canara Bank | Disposed |
| Supreme Court | Court case (Review Petition (Civil)) | Filed against the company by Canara Bank | Disposed |
| High Court | Writ petition | Filed against the company by M/S Global Attire Pvt Ltd | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Idbi Bank Ltd. Specialised Corporation Branch, Rep. by Its General Manager, No.102, Shakthi ~ Comforts Tower, KH Road, Bangalore-560027. ,Bangalore , Karnataka and 3 others | Disposed |
To see the full case history of Linen Art 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
Linen Art Private Limited has 17 MSME Form 1 returns on record between 2018 and 2024, listing 146 overdue payments to 32 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 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| L S Auxi Chem Private Limited | |||
| Bestex Engineering India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Linen Art Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Linen Art has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Scotts Garments Limited | U18101KA2002PLC030185 | |
| Shreeja Devcon Private Limited | U45309MH2019PTC322273 |
To see the full group structure of Linen Art Private Limited, buy the company report.
Employees & EPFO
Linen Art Private Limited has a workforce of 172 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
172
Active EPFO establishments
1
Employee growth
-5.49%
GST
Linen Art has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCL6186H1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Linen Art Private Limited, buy the company report.
Recent activity
Linen Art Private Limited has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Shivanand Rama Hemmady was appointed as Company Secretary on 01 Aug 2019.
Charges
A charge registered on 26 Apr 2022 via Charge ID 100594051 with Others was fully satisfied on 05 Aug 2025.
Charges
A charge registered on 22 Apr 2020 via Charge ID 100357607 with Others was fully satisfied on 29 Jul 2025.
Charges
A charge registered on 10 May 2018 via Charge ID 100185481 with Others was fully satisfied on 20 Mar 2025.
Charges
A charge with Others of Rs. 16.71 Cr registered on 13 Mar 2023 with Charge ID 100698827 was modified on 28 Sep 2024.
Charges
A charge with Others of Rs. 53.59 Cr registered on 27 Dec 2022 with Charge ID 100675194 was modified on 28 Sep 2024.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100902253 was registered on 19 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100902246 was registered on 19 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 100902259 was registered on 18 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100902255 was registered on 18 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 100902251 was registered on 18 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100902249 was registered on 16 Apr 2024.
Charges
A charge with Others amounted to Rs. 0.07 Cr with Charge ID 100896025 was registered on 14 Mar 2024.
66 earlier events are in the company report.
Frequently asked questions
Linen Art 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 27 December 2013 (13+ years old) and is registered under CIN U74120MH2013PTC251465.
Linen Art has 3 current directors and KMP:
- Vimal Kumar Goenka - Director
- Shitanshu Bipin Vora - Director
- Shivanand Rama Hemmady - Company Secretary
The latest financial statements of Linen Art on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 09 October 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Linen Art is 27AACCL6186H1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Linen Art is U74120MH2013PTC251465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Linen Art has 21 court cases on record: 14 filed by the company and 7 filed against it. 4 are pending. Most are in the nclat.
Linen Art was incorporated on 27 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Linen Art has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹14.99 Cr; the latest was in March 2021.
The peers of Linen Art by revenue are Bally Fabs International Limited, Taanushre Internationals Private Limited, Yogiraj Ginning and Oil Industries Private Limited, Vico Fashion Private Limited, Insha Cottex Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Shivanand Rama Hemmady was appointed as Company Secretary on 01 Aug 2019. Abhishek Sharma ceased to be Company Secretary on 30 Jun 2019. Ramesh Baheti ceased to be Additional Director on 30 Sep 2016. Linen Art has 10 board changes on record in total.
Yes, Linen Art is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0008316).
Linen Art has 17 MSME Form 1 returns on record between 2018 and 2024, listing 146 overdue payments to 32 micro and small suppliers. The latest return was filed on 30 Apr 2024.