Krishna Knitwear Technology Limited
About Krishna Knitwear Technology Limited
Data last updated:
Krishna Knitwear Technology Limited is a public limited company based in Silvassa, Dadra And Nagar Haveli, 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 23 August 1982.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119DN1982PLC000092. Its GSTIN is 26AAACK4721H2ZR (Dadra and Nagar Haveli and Daman and Diu). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹345.11 Cr. It is led by directors including Pravinkumar Mohanlal Parekh (Managing Director) and Trivendra Shambhu Singh.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Village Samarvani Krishna Nagar, Silvassa, Dadra and Nagar Haveli, India – 396230.
As per the financials filed for FY 2020, the company reported a revenue of ₹10.69 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹118.94 Cr and EBITDA of -₹3.42 Cr (EBITDA margin -32%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 63% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Krishna Group. As per MCA filings, the company has open charges of ₹3,333 Cr and satisfied charges of ₹272 Cr on record. Court records list 150 cases involving the company, including 59 filed by the company and 93 filed against it; 50 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹152.5 Cr; the latest was in March 2019. Its 6 peer companies in the Manufacturing industry (Knitwear, 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 Madhusudan Texturisers Private Limited with revenue of ₹10.72 Cr.
Company details
CIN history
Krishna Knitwear Technology has one previous CIN (Corporate Identification Number): U17119DD1982PLC000092. The current CIN is U17119DN1982PLC000092, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119DN1982PLC000092 | Current |
| U17119DD1982PLC000092 | Previous |
Contact details
Krishna Knitwear Technology Limited's registered office is in Silvassa, Dadra And Nagar Haveli. Its e-mail address is in the company report.
- Email
- Registered AddressVillage Samarvani Krishna Nagar, Silvassa, Dadra and Nagar Haveli, India – 396230
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Krishna Knitwear Technology 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
Krishna Knitwear Technology operates one associated brand: Krishna Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development services are provided by Krishna Group. | krishnagroup.com |
Business activity
The main business activity of Krishna Knitwear Technology 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 Krishna Knitwear Technology Limited, buy the company report.
Financials of Krishna Knitwear Technology Limited
FY 2020 filings availableKrishna Knitwear Technology Limited reported revenue of ₹10.69 Cr (down 38% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 38% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹10.69 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | -₹3.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹118.94 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Krishna Knitwear Technology Limited, buy the company report.
Board of directors of Krishna Knitwear Technology Limited
Krishna Knitwear Technology has 4 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Trivendra Shambhu Singh | Director | 24 Feb 2012 | 14 Years 8 Months | As last reported |
| Pravinkumar Mohanlal Parekh Also directs: Pulgaon Cotton Mills Limited, Mori Hanol Hydro Power Limited | Managing Director | 28 Mar 2015 | 11 Years 7 Months | As last reported |
| Manasi Indrajit Wadkar Also directs: Asahi Industries Limited | Director | 18 Aug 2014 | 12 Years 2 Months | As last reported |
| Jaiprakash Atmaram Mishra Also directs: Pulgaon Cotton Mills Limited, Mori Hanol Hydro Power Limited | Director | 28 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Krishna Knitwear Technology Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Knitwear, 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 |
|---|---|---|---|---|---|---|
| Madhusudan Texturisers Private Limited | ₹10.72 Cr (FY 2025) | 118.0% | Surat, Gujarat, India | |||
| Samkit Textile Mills Private Limited | ₹10.7 Cr (FY 2025) | -5.0% | Bhilwara, Rajasthan, India | |||
| Gogars Manufacturing Private Limited | ₹10.7 Cr (FY 2025) | -7.0% | Balotra, Rajasthan, India | |||
| Krishna Knitwear Technology Limitedthis company | ₹10.69 Cr (FY 2020) | -₹118.94 Cr | -38.0% | 16 | Silvassa, Dadra And Nagar Haveli, India | |
| Komal Fabrics Private Limited | ₹10.68 Cr (FY 2025) | 62.0% | Bhiwandi, Maharashtra, India | |||
| Shree Ganesh Cotton Industries Private Limited | ₹10.67 Cr (FY 2025) | -34.0% | Gidderbaha, Punjab, India | |||
| Kay Kay Embroideries Private Limited. | ₹10.67 Cr (FY 2025) | 32.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Krishna Knitwear Technology Limited, buy the company report.
Auditor
Krishna Knitwear Technology Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHI SEKHRI AND ASSOCIATES | FY 2020 | 128216W |
Shareholding
The shareholding of Krishna Knitwear Technology Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Krishna Knitwear Technology Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2012 | 10387544 | Indian Overseas Bank | ₹9.89 Cr | Open | |
| 30 Aug 2012 | 10374893 | Kotak Mahindra Bank Limited | ₹17.42 Lakh | Open | |
| 24 Oct 2011 | 10320495 | Punjab National Bank | ₹9.45 Cr | Open | |
| 13 Sep 2011 | 10308497 | Uco Bank | ₹50.75 Cr | Open | |
| 11 Jul 2011 | 10303957 | Dena Bank | ₹6.75 Cr | Open |
To see the full charge records of Krishna Knitwear Technology Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Krishna Knitwear Technology Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹152.5 Cr; the latest was in March 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Shree Krishna Silk Ind Private Limited, Shree Ganesh Hosiery Private Limited, Jaybharat Textiles and Real Estate Limited Seller: Upasana Silk Mills Private Limited , Archana Syntex Private Limited , 2 individuals |
| Dec 2009 | Funding round | ₹97.5 Cr | Investors: Shree Krishna Silk Ind Private Limited, Upasana Silk Mills Private Limited , Archana Syntex Private Limited |
| Sep 2007 | Funding round | ₹55 Cr | Investors: K-Lifestyle & Industries Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: K-Lifestyle & Industries Limited Seller: Senator Capital Services Private Limited, Gold Star India Private Limited, Senator Financial Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Krishna Knitwear Technology Limited has 150 court cases on record: 59 filed by Krishna Knitwear Technology, 93 filed against it. 50 cases are pending and 100 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 52 | 21 |
| High courts | 45 | 19 | 13 |
| NCLAT | 16 | 15 | 15 |
| NCLT | 8 | 5 | 1 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 150)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Manjeet Cotton Private Limited, Through Director Rajendra Singh Dharam Singh Rajpal | Pending |
| Bombay High Court | Writ petition | Filed by the company against Manjeet Cotton Private Limited, Through Director Rajendra Singh Dharam Singh Rajpal | Pending |
| NCLAT, Court II | Tribunal matter | Filed by the company against Mr. Ravi Kapoor New Resolution Professional of M/S Krishna Knitwear Pvt. Ltd. (Corporate Debtor) and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed by the company against M/S. Catmoss Retail Limited and 1 other | Pending |
| Bombay High Court | Court case (APPLN) | Filed by the company against Manjeet Cotton Private Limited | Disposed |
To see the full case history of Krishna Knitwear Technology 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 Krishna Knitwear Technology Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Krishna Knitwear Technology Limited has a workforce of 16 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Krishna Knitwear Technology has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACK4721H2ZR | Dadra and Nagar Haveli and Daman and Diu | Active | 22 Sep 2020 |
To see the full GST registrations and return filing status of Krishna Knitwear Technology Limited, buy the company report.
Recent activity
Krishna Knitwear Technology Limited has 39 board changes on record since 2007: 4 appointments and 35 cessations. The latest: Mathur Deepak ceased to be Additional Director on 12 Aug 2016.
73 earlier events are in the company report.
Frequently asked questions
Krishna Knitwear Technology 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.
Krishna Knitwear Technology is a company under insolvency, formerly operating as a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 August 1982 and is registered under CIN U17119DN1982PLC000092. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Krishna Knitwear Technology has 4 current directors:
- Pravinkumar Mohanlal Parekh - Managing Director
- Trivendra Shambhu Singh - Director
- Manasi Indrajit Wadkar - Director
- Jaiprakash Atmaram Mishra - Director
The latest financial statements of Krishna Knitwear Technology on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Krishna Knitwear Technology is U17119DN1982PLC000092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Krishna Knitwear Technology has open charges of ₹3,333 Cr and satisfied charges of ₹272 Cr as per latest MCA filings.
Krishna Knitwear Technology has 150 court cases on record: 59 filed by the company and 93 filed against it. 50 are pending. Most are in the district courts.
Krishna Knitwear Technology was incorporated on 23 August 1982. It is registered with the Registrar of Companies, Ahmedabad.
Krishna Knitwear Technology has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹152.5 Cr; the latest was in March 2019.
The peers of Krishna Knitwear Technology by revenue are Madhusudan Texturisers Private Limited, Samkit Textile Mills Private Limited, Gogars Manufacturing Private Limited, Komal Fabrics Private Limited, Shree Ganesh Cotton Industries Private Limited and 1 more, all in the Manufacturing industry (Knitwear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Mathur Deepak ceased to be Additional Director on 12 Aug 2016. Pritam Singh Pritam ceased to be Director on 12 Oct 2015. Jaiprakash Atmaram Mishra ceased to be Additional Director on 07 Sep 2015. Krishna Knitwear Technology has 39 board changes on record in total.
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