Minerva Apparels Private Limited
About Minerva Apparels Private Limited
Data last updated:
Minerva Apparels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the manufacturing segment of the textiles sector. It was incorporated on 23 October 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH1984PTC034378. Its GSTIN is 27AAACM2820R2Z6 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Veena Ashokkumar Dalmia and Nikhil Ashokkumar Dalmia.
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 72 – 73 Nariman Bhavannariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.42 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹86 Lakh (net margin 60.6%) and EBITDA of ₹1.08 Cr (EBITDA margin 75.9%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 21% over five years.
Court records list 4 cases involving the company, including 1 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address72 – 73 Nariman Bhavannariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTextile, Manufacturing, Garments, Apparel
- 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
- One PDF report, delivered after checkout
Financials of Minerva Apparels Private Limited FY 2025 filings available
Minerva Apparels Private Limited reported revenue of ₹1.42 Cr (up 69% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Minerva Apparels Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 69% growth in the latest year. EBITDA rose 356% 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 of Minerva Apparels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹86 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 of Minerva Apparels Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 75.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 60.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Minerva Apparels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Minerva Apparels Private Limited
Minerva Apparels Private Limited is audited by Sirsalewala & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sirsalewala & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Minerva Apparels Private Limited
Minerva Apparels has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veena Ashokkumar Dalmia | Director | 14 Mar 2023 | 3 Years 6 Months | Current |
| Nikhil Ashokkumar Dalmia | Director | 01 Mar 2022 | 4 Years 7 Months | Current |
| Ashokkumar Niranjanlal Dalmia | Director | 20 Mar 2023 | 3 Years 6 Months | Current |
| Ambika Nikhil Dalmia | Director | 06 Jan 2023 | 3 Years 9 Months | Current |
Ownership and Shareholding of Minerva Apparels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Minerva Apparels Private Limited
Minerva Apparels Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Minerva Apparels Private Limited
Minerva Apparels Private Limited has 4 court cases on record: 1 filed by Minerva Apparels, 3 where it is another party. 3 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 3 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| Bombay High Court | Court case (S) | Company is another party | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Minerva Apparels Private Limited
Employment history and EPFO contributions of people linked to Minerva Apparels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Minerva Apparels Private Limited
Minerva Apparels Private Limited has 12 board changes on record since 2022: 4 appointments and 8 cessations. The latest: Ambika Nikhil Dalmia ceased to be Additional Director on 29 Sep 2023.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Minerva Apparels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Minerva Apparels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Minerva Apparels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Minerva Apparels Private Limited
Minerva Apparels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM2820R2Z6 | Maharashtra | Active | 22 Oct 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Minerva Apparels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Minerva Apparels Private Limited
Minerva Apparels is an active private limited company based in Mumbai, Maharashtra, India. The company works in manufacturing, within the textile industry. It was incorporated on 23 October 1984 (42+ years old) and is registered under CIN U18101MH1984PTC034378.
Minerva Apparels reported revenue of ₹1.42 Cr for FY 2024 (up 69% YoY).
Minerva Apparels has 4 current directors:
- Veena Ashokkumar Dalmia - Director
- Nikhil Ashokkumar Dalmia - Director
- Ashokkumar Niranjanlal Dalmia - Director
- Ambika Nikhil Dalmia - Director
Minerva Apparels reported a net profit of ₹86 Lakh (net margin 60.6%) and EBITDA of ₹1.08 Cr (EBITDA margin 75.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Minerva Apparels is 43% over three years and 21% over five years. In the latest year (FY 2024) revenue rose 69%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Minerva Apparels is 27AAACM2820R2Z6, 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 Minerva Apparels is U18101MH1984PTC034378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minerva Apparels has 4 court cases on record: 1 filed by the company. 3 are pending.
Minerva Apparels was incorporated on 23 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Ambika Nikhil Dalmia ceased to be Additional Director on 29 Sep 2023. Veena Ashokkumar Dalmia ceased to be Additional Director on 29 Sep 2023. Ashokkumar Niranjanlal Dalmia was appointed as Director on 20 Mar 2023. Minerva Apparels has 12 board changes on record in total.