About Alps Industries Limited
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Alps Industries Limited is a public limited company based in Ghaziabad, Uttar Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 May 1972.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN L51109UP1972PLC003544. Its GSTIN is 09AAACA7569D1ZM (Uttar Pradesh). The company holds 8 GST registrations, of which 2 are active. It is recorded as listed by MCA, but trading in its shares on BSE (530715) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹345 Cr and a paid-up capital of ₹39.11 Cr. It is led by directors including Sandeep Agarwal (Managing Director) and Pramod Kumar Rajput.
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 Ghaziabad, Uttar Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.67 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹56.25 Cr and EBITDA of ₹2.67 Cr (EBITDA margin 47.1%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 57% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Alps Industries. As per MCA filings, the company has open charges of ₹1,710.89 Cr and satisfied charges of ₹274.34 Cr on record. Court records list 146 cases involving the company, including 112 filed by the company and 34 filed against it; 19 cases are pending. The company has 193 deals on record (180 market trades, 11 funding rounds, 2 secondary share transfers), with disclosed funding of ₹285.99 Cr; the latest was in May 2024. 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 Asck Apparels Private Limited with revenue of ₹5.68 Cr. The company has 7 MSME Form 1 returns on record between 2017 and 2021, listing 197 overdue payments to 27 micro and small suppliers.
The last known website on record is alpsindustries.com.
Company details
Contact details
Alps Industries Limited's registered office is in Ghaziabad, Uttar Pradesh. Its website is alpsindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.15 – B G.T. Road Chaudhary Morh, India, Ghaziabad, Uttar Pradesh, India – 201001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Alps Industries Limited, buy the company report.
- 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
Brands
Alps Industries operates one associated brand: Alps Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Yarn, fabrics, home furnishings, dyes, and accessories are manufactured. | alpsindustries.com |
Business activity
The main business activity of Alps 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 Alps Industries Limited, buy the company report.
Financials of Alps Industries Limited
FY 2024 filings availableAlps Industries Limited reported revenue of ₹5.67 Cr (down 72% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 72% fall in the latest year. EBITDA rose 154% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.67 Cr | ||||
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| Net Profit (PAT) | -₹56.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 47.1% | ||||
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To see the full financial statements and ratios of Alps Industries Limited, buy the company report.
Board of directors of Alps Industries Limited
Alps Industries has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Agarwal Also directs: Narad Fabric Private Limited, Careen Fintec Private Limited, Pacific Texmark Private Limited and 5 more | Managing Director | 01 Jan 1993 | 33 Years 9 Months | As last reported |
| Pramod Kumar Rajput | Director | 11 Dec 2009 | 16 Years 10 Months | As last reported |
| Vikas Lamba Also directs: Alps Energy Private Limited | Director | 13 May 2022 | 4 Years 5 Months | As last reported |
| Shikha | Director | 13 May 2022 | 4 Years 5 Months | As last reported |
| Arun Kumar Pal | Director | 13 May 2022 | 4 Years 5 Months | As last reported |
| Arun Kumar Bhatter Also directs: Setukrit Commerce LLP, Akshay Plastic Industries Pvt Ltd, New Trends Commerce Private Limited and 5 more | Director | 13 May 2022 | 4 Years 5 Months | As last reported |
Peer comparison
Alps Industries 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 |
|---|---|---|---|---|---|---|
| Asck Apparels Private Limited | ₹5.68 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Kumaragiri Fashions Private Limited | ₹5.68 Cr (FY 2024) | 177.0% | Namakkal, Tamil Nadu, India | |||
| Hilman Tex Private Limited | ₹5.67 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Alps Industries Limitedthis company | ₹5.67 Cr (FY 2024) | -₹56.25 Cr | -72.0% | 2 | Ghaziabad, Uttar Pradesh, India | |
| Pashupati Effects Private Limited | ₹5.67 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India | |||
| Shubh Karman Fashions Private Limited. | ₹5.66 Cr (FY 2025) | 28.0% | New Delhi, Delhi, India | |||
| Proma Industries Limited | ₹5.66 Cr (FY 2025) | -48.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Alps Industries Limited, buy the company report.
Auditor
Alps Industries Limited is audited by R. K. GOVIL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. K. GOVIL & CO. | FY 2023 | 000748C |
Shareholding
The shareholding of Alps Industries 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 Alps Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2012 | 10347454 | Hdfc Bank Limited | ₹2.69 Cr | Open | |
| 20 Sep 2010 | 10247812 | Others | ₹1.45 Cr | Open | |
| 29 Sep 2009 | 10184695 | Edelweiss Asset Reconstruction Company Limited | ₹274.5 Cr | Open | |
| 29 Sep 2009 | 10184701 | Edelweiss Asset Reconstruction Company Limited | ₹3.6 Cr | Open | |
| 14 Sep 2009 | 10177608 | Edelweiss Asset Reconstruction Company Limited | ₹5.29 Cr | Open |
To see the full charge records of Alps Industries Limited, buy the company report.
Total charge records: 71 View all charges
Deals & funding
Alps Industries Limited has 193 deals on record (180 market trades, 11 funding rounds, 2 secondary share transfers), with disclosed funding of ₹285.99 Cr; the latest was in May 2024.
Deals on record (5 of 193)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Market trade | ₹7.3 Lakh | Seller: Multiplier Share and Stock Advisors Private Limited |
| Jan 2024 | Market trade | ₹9 Lakh | Buyer: Topgain Finance Private Limited Seller: Multiplier Share and Stock Advisors Private Limited , Topgain Finance Private Limited |
| Jan 2024 | Market trade | ₹7.8 Lakh | Buyer: Camellia Tradex Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Jan 2024 | Market trade | ₹6.9 Lakh | Seller: Multiplier Share and Stock Advisors Private Limited |
| Dec 2023 | Market trade | ₹14.3 Lakh | Buyer: Topgain Finance Private Limited , Sahastraa Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited , Sahastraa Advisors Private Limited |
To see the full deal history of Alps Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Alps Industries Limited has 146 court cases on record: 112 filed by Alps Industries, 34 filed against it. 19 cases are pending and 127 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 90 | 21 | 9 |
| District courts | 50 | 10 | 10 |
| Supreme Court | 6 | 3 | 0 |
Cases on record (5 of 146)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Court case (FAFO) | Filed against the company by M/S Kotak Mahindra Bank Limited | Pending |
| High Court | Appeal | Filed against the company by Assam Industrial Development Corporation Ltd. and Anr, and 1 other | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Ankit Cotton Mills Pvt Ltd | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Uttarakhand Power Corporation Limited Through Its Chairman and Managing Director Victoria Cross Vijeyta Gabar Singh Bhawan Kanwali Road, Balliwala Chowk , District: Dehradun ,Dehradun , Uttarakhand | Disposed |
| High Court, Assam | Appeal | Filed against the company by Assam Industrial Development Corporation Ltd. and Anr and 1 other | Disposed |
To see the full case history of Alps Industries 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
Alps Industries Limited has 7 MSME Form 1 returns on record between 2017 and 2021, listing 197 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Rishab Packers | |||
| an individual supplier | |||
| an individual supplier | |||
| T.R. Cones |
To see the full MSME payment records of Alps Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Alps Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Alps Energy Private Limited | U40109DL2007PTC169994 |
To see the full group structure of Alps Industries Limited, buy the company report.
Employees & EPFO
Alps Industries Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 10 active EPFO establishments.
GST
Alps Industries has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACA7569D1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 05AAACA7569D1ZU | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Alps Industries Limited, buy the company report.
Recent activity
Alps Industries Limited has 36 board changes on record since 1972: 21 appointments and 15 cessations. The latest: Hemant Sharma ceased to be Irp/Rp/Liquidator on 14 Nov 2025.
182 earlier events are in the company report.
News
Frequently asked questions
Alps Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Alps Industries is a company under insolvency, formerly operating as a public limited company based in Ghaziabad, Uttar Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 May 1972 and is registered under CIN L51109UP1972PLC003544. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Alps Industries has 6 current directors:
- Sandeep Agarwal - Managing Director
- Pramod Kumar Rajput - Director
- Vikas Lamba - Director
- Shikha - Director
- Arun Kumar Pal - Director
- Arun Kumar Bhatter - Director
The latest financial statements of Alps Industries 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 CIN (Corporate Identification Number) of Alps Industries is L51109UP1972PLC003544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Alps Industries is recorded as a listed company by MCA, but trading in its shares on BSE (530715) has been suspended, so they do not currently trade on a stock exchange.
Alps Industries has open charges of ₹1,710.89 Cr and satisfied charges of ₹274.34 Cr as per latest MCA filings.
Alps Industries has 146 court cases on record: 112 filed by the company and 34 filed against it. 19 are pending. Most are in the high courts.
Alps Industries was incorporated on 11 May 1972. It is registered with the Registrar of Companies, Kanpur.
Alps Industries has 193 deals on record (180 market trades, 11 funding rounds, 2 secondary share transfers), with disclosed funding of ₹285.99 Cr; the latest was in May 2024.
The peers of Alps Industries by revenue are Asck Apparels Private Limited, Kumaragiri Fashions Private Limited, Hilman Tex Private Limited, Pashupati Effects Private Limited, Shubh Karman Fashions Private Limited. and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Hemant Sharma ceased to be Irp/Rp/Liquidator on 14 Nov 2025. Hemant Sharma was appointed as Irp/Rp/Liquidator on 11 Oct 2024. Ashok Kumar Singhal ceased to be CFO on 01 Apr 2023. Alps Industries has 36 board changes on record in total.