MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0010508
Lovely Industries Private Limited
Lovely Industries Private Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.11 Cr
▼ 3% YoY
Net profit · FY 2025
₹52.74 Lakh
Net margin 2.8%
EBITDA · FY 2025
₹1.44 Cr
EBITDA margin 7.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹63.18 Lakh
Issued & subscribed
Open charges
₹9.07 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Directors on board
4
As per MCA filings
About Lovely Industries Private Limited
Data last updated:
Lovely Industries Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17290PB2011PTC035656. Its GSTIN is 03AACCL1542M1ZP (Punjab).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹63.18 Lakh. It is led by directors including Radha Passi (Whole-Time Director) and Ashwani Passi Kumar (Whole-Time Director).
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 Mata Karam Kaur Colony Opp. Amrit Dharam Kanda Tajpur Road, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.11 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹52.74 Lakh (net margin 2.8%) and EBITDA of ₹1.44 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹9.07 Cr on record. Court records list 12 cases involving the company, including 4 filed by the company and 8 filed against it; 6 cases are pending.
Lovely Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0010508). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17290PB2011PTC035656
Registration Number 035656
Incorporation Date 18 November 2011
ROC Chandigarh
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-PB-12-0010508
Key People
Radha Passi Whole-Time Director Ashwani Passi Kumar Whole-Time Director Manila Passi Whole-Time Director Recognitions & Rankings of Lovely Industries
Contact details
Lovely Industries Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMata Karam Kaur Colony Opp. Amrit Dharam Kanda Tajpur Road, Ludhiana, Punjab, India – 141007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Lovely Industries Private Limited, buy the company report.
Comprehensive company report
Lovely Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Lovely Industries 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 Lovely Industries Private Limited, buy the company report.
Financials of Lovely Industries Private Limited
FY 2025 filings availableLovely Industries Private Limited reported revenue of ₹19.11 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹19.11 Cr ▼ 3%
Net profit · FY 2025
₹52.74 Lakh margin 2.8%
EBITDA · FY 2025
₹1.44 Cr margin 7.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 1%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 10%
5 years · compounded
▼ 1%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 1% 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 | ₹1.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.74 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 | 7.5% | ||||
| Net Profit Margin | 2.8% | ||||
| 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 Lovely Industries Private Limited, buy the company report.
Board of directors of Lovely Industries Private Limited
Lovely Industries has 4 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 |
|---|---|---|---|---|
| Radha Passi | Whole-Time Director | 18 Nov 2011 | 14 Years 11 Months | Current |
| Ashwani Passi Kumar | Whole-Time Director | 18 Nov 2011 | 14 Years 11 Months | Current |
| Manila Passi | Whole-Time Director | 18 Nov 2011 | 14 Years 11 Months | Current |
| Sanjeev Kumar Passi | Whole-Time Director | 18 Nov 2011 | 14 Years 11 Months | Current |
Peer comparison
Lovely Industries 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 |
|---|---|---|---|---|---|---|
| Vividha Textiles Private Limited | ₹19.14 Cr (FY 2017) | -69.0% | Mumbai, Maharashtra, India | |||
| Eprilla Lifestyle Private Limited | ₹19.14 Cr (FY 2025) | 25.0% | New Delhi, Delhi, India | |||
| Soni Designer Studio Private Limited | ₹19.13 Cr (FY 2024) | 26.0% | Lucknow, Uttar Pradesh, India | |||
| Theni Krishna Mills Private Limited | ₹19.12 Cr (FY 2025) | -84.0% | Tamil Nadu, India | |||
| Lovely Industries Private Limitedthis company | ₹19.11 Cr (FY 2025) | ₹52.74 Lakh | 2.8% | -3.0% | Ludhiana, Punjab, India | |
| Ganesham Unifab Private Limited | ₹19.1 Cr (FY 2025) | 19.0% | Bhilwara, Rajasthan, India | |||
| Lohia Metals Ltd. | ₹19.08 Cr (FY 2025) | -12.0% | Delhi, India | |||
| Vivek Knitfab Private Limited | ₹19.05 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Lovely Industries Private Limited, buy the company report.
Auditor
Lovely Industries Private Limited is audited by Mukesh K Arora Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mukesh K Arora Associates | FY 2023 | 015313N |
Shareholding
The shareholding of Lovely Industries 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 Lovely Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.07 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2025 | 101091645 | Hdfc Bank Limited | ₹30 Lakh | Open | |
| 10 Jun 2019 | 100272693 | Hdfc Bank Limited | ₹6.27 Cr | Open | |
| 15 Jun 2016 | 100036568 | Others | ₹1.02 Cr | Open | |
| 25 Jul 2015 | 10586700 | Oriental Bank of Commerce | ₹12 Lakh | Open | |
| 25 Jul 2015 | 10586705 | Others | ₹1.1 Cr | Open |
To see the full charge records of Lovely Industries Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Lovely Industries Private Limited has 12 court cases on record: 4 filed by Lovely Industries, 8 filed against it. 6 cases are pending and 6 are disposed.
Total cases
12
Filed by the company
4
Filed against the company
8
Pending
6
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 7 | 6 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Motor accident claim | Filed against the company by Punjab State Power Corporation | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed against the company by M/S Krishna Fabrics and 1 other | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against individuals | Disposed |
| District court, Ludhiana, Punjab | Court case (CRR) | Filed against the company by M/S Krishna Fabrics and 1 other | Disposed |
| High Court, PUNJAB | Criminal miscellaneous application | Filed against the company by M/S Satish Ji Shawls and Anr | Disposed |
To see the full case history of Lovely Industries 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 Lovely Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lovely Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCL1542M1ZP | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lovely Industries Private Limited, buy the company report.
Recent activity
Lovely Industries Private Limited has 8 board changes on record since 2011: 4 appointments and 4 cessations. The latest: Ashwani Passi Kumar ceased to be Director on 31 Mar 2016.
AGM
Lovely Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.30 Cr with Charge ID 101091645 was registered on 15 Apr 2025.
Filing
Lovely Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 6.27 Cr registered on 10 Jun 2019 with Charge ID 100272693 was modified on 30 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.27 Cr with Charge ID 100272693 was registered on 10 Jun 2019.
Charges
A charge with Others of Rs. 1.10 Cr registered on 25 Jul 2015 with Charge ID 10586705 was modified on 22 Jan 2019.
Charges
A charge with Others amounted to Rs. 1.02 Cr with Charge ID 100036568 was registered on 15 Jun 2016.
Ceased
Ashwani Passi Kumar ceased to be Director.
Ceased
Manila Passi ceased to be Director.
Ceased
Radha Passi ceased to be Director.
Ceased
Sanjeev Kumar Passi ceased to be Director.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 0.12 Cr with Charge ID 10586700 was registered on 25 Jul 2015.
7 earlier events are in the company report.
Frequently asked questions
Lovely Industries is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 November 2011 (15+ years old) and is registered under CIN U17290PB2011PTC035656.
Lovely Industries has 4 current directors:
- Radha Passi - Whole-Time Director
- Ashwani Passi Kumar - Whole-Time Director
- Manila Passi - Whole-Time Director
- Sanjeev Kumar Passi - Whole-Time Director
The latest financial statements of Lovely Industries 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 Lovely Industries is 03AACCL1542M1ZP, registered in Punjab.
The CIN (Corporate Identification Number) of Lovely Industries is U17290PB2011PTC035656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lovely Industries has 12 court cases on record: 4 filed by the company and 8 filed against it. 6 are pending. Most are in the district courts.
Lovely Industries was incorporated on 18 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Lovely Industries by revenue are Vividha Textiles Private Limited, Eprilla Lifestyle Private Limited, Soni Designer Studio Private Limited, Theni Krishna Mills Private Limited, Ganesham Unifab Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ashwani Passi Kumar ceased to be Director on 31 Mar 2016. Manila Passi ceased to be Director on 31 Mar 2016. Radha Passi ceased to be Director on 31 Mar 2016. Lovely Industries has 8 board changes on record in total.
Yes, Lovely Industries is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0010508).
The registered office of Lovely Industries is at Mata Karam Kaur Colony Opp. Amrit Dharam Kanda Tajpur Road, Ludhiana, Punjab, India – 141007.