India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,113 Munish Avasthi & family ₹2,300 Cr
Marvel Dyers and Processors Private Limited
Marvel Dyers and Processors Private Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Active Private Limited Company manufacturing
Revenue · FY 2024
₹55.52 Cr
▼ 13% YoY
Net profit · FY 2024
₹53.61 Lakh
Net margin 1%
EBITDA · FY 2024
₹4.35 Cr
EBITDA margin 7.8%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.25 Cr
Issued & subscribed
Open charges
₹22.92 Cr
Satisfied ₹27.35 Cr
Company age
40 yrs
Est. 1986
Directors on board
3
As per MCA filings
About Marvel Dyers and Processors Private Limited
Data last updated:
Marvel Dyers and Processors 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 02 January 1986 and has been in existence for over 40 years.
Its director Munish Avasthi and family are #1,113 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17124PB1986PTC006624. Its GSTIN is 03AAACF2565J1ZU (Punjab).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.25 Cr. It was formerly known as Friends Dyeing & Finishing Nills P Ltd and Friends Dying & Finishing Mills Private Limited. It is led by directors including Sadhu Ram Rupal (Managing Director) and Chetan Rupal.
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 Village Meharbanrahon Road Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.52 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹53.61 Lakh (net margin 1%) and EBITDA of ₹4.35 Cr (EBITDA margin 7.8%). Revenue has declined 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 ₹22.92 Cr and satisfied charges of ₹27.35 Cr on record. Court records list 38 cases involving the company, including 32 filed by the company and 6 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17124PB1986PTC006624
Registration Number 006624
Incorporation Date 02 January 1986
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
Name history
Marvel Dyers and Processors has undergone 2 name changes throughout its history. The company was previously known as Friends Dyeing & Finishing Nills P Ltd, and Friends Dying & Finishing Mills Private Limited. The current legal name is Marvel Dyers And Processors Private Limited.
| Company Name | Status |
|---|---|
| Marvel Dyers and Processors Private Limited | Current |
| Friends Dyeing & Finishing Nills P Ltd | Previous |
| Friends Dying & Finishing Mills Private Limited | Previous |
Recognitions & Rankings of Marvel Dyers and Processors
Contact details
Marvel Dyers and Processors Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Meharbanrahon Road Ludhiana, Punjab, India – 141007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Marvel Dyers and Processors Private Limited, buy the company report.
Comprehensive company report
Marvel Dyers and Processors 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 Marvel Dyers and Processors 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 Marvel Dyers and Processors Private Limited, buy the company report.
Financials of Marvel Dyers and Processors Private Limited
FY 2025 filings availableMarvel Dyers and Processors Private Limited reported revenue of ₹55.52 Cr (down 13% YoY) for FY 2024.
Revenue · FY 2024
₹55.52 Cr ▼ 13%
Net profit · FY 2024
₹53.61 Lakh margin 1%
EBITDA · FY 2024
₹4.35 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 1%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 24%
5 years · compounded
▼ 13%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 13% fall in the latest year. EBITDA fell 46% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.61 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Marvel Dyers and Processors Private Limited, buy the company report.
Board of directors of Marvel Dyers and Processors Private Limited
Marvel Dyers and Processors has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadhu Ram Rupal | Managing Director | 02 Jan 1986 | 40 Years 9 Months | Current |
| Chetan Rupal Also directs: Sportking India Limited | Director | 26 Feb 2003 | 23 Years 7 Months | Current |
| Munish Avasthi Also directs: Sportking India Limited, Go Green Projects Private Limited, Confederation of Indian Textile Industry and 4 more | Director | 30 Oct 2019 | 6 Years 11 Months | Current |
Peer comparison
Marvel Dyers and Processors Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Khatushyam Dyeing and Printing Mills Private Limited | ₹55.62 Cr (FY 2025) | 19.0% | Surat, Gujarat, India | |||
| Suyan Textile Private Limited | ₹55.59 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India | |||
| Linen Design Company Private Limited | ₹55.58 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India | |||
| Garodia Syntex Private Limited | ₹55.56 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Ramesh Textiles India Private Limited | ₹55.54 Cr (FY 2025) | 21.0% | Indore, Madhya Pradesh, India | |||
| Marvel Dyers and Processors Private Limitedthis company | ₹55.52 Cr (FY 2024) | ₹53.61 Lakh | 1% | -13.0% | Ludhiana, Punjab, India | |
| Exel Trend Private Limited | ₹55.5 Cr (FY 2025) | 212.0% | Tiruppur, Tamil Nadu, India | |||
| Zenith Fibres Limited | ₹55.5 Cr (FY 2025) | 49.0% | Mumbai, Maharashtra, India | |||
| Manoj Prints Private Limited | ₹55.42 Cr (FY 2025) | 9.0% | Ahmedabad, Gujarat, India | |||
| Creative Dyeing and Printing Mills Private Limited | ₹55.42 Cr (FY 2022) | 0.0% | Faridabad, Haryana, India |
To see the full peer comparison of Marvel Dyers and Processors Private Limited, buy the company report.
Auditor
Marvel Dyers and Processors Private Limited is audited by A D S S &ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A D S S &ASSOCIATES | FY 2023 | 031185N |
Shareholding
The shareholding of Marvel Dyers and Processors 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marvel Dyers and Processors Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.92 Cr
Satisfied charges
₹27.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2017 | 100122565 | Axis Bank Limited | ₹22.92 Cr | Open | |
| 20 Jun 2016 | 100036334 | Others | ₹1.5 Cr | Satisfied | |
| 23 Sep 2013 | 10454481 | Punjab National Bank | ₹1.5 Cr | Satisfied | |
| 22 Nov 2012 | 10392203 | Punjab National Bank | ₹2.5 Cr | Satisfied | |
| 22 Nov 2012 | 10392202 | Punjab National Bank | ₹50 Lakh | Satisfied |
To see the full charge records of Marvel Dyers and Processors Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Marvel Dyers and Processors Private Limited has 38 court cases on record: 32 filed by Marvel Dyers and Processors, 6 filed against it. 3 cases are pending and 35 are disposed.
Total cases
38
Filed by the company
32
Filed against the company
6
Pending
3
Disposed
35
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 5 | 3 |
| High courts | 5 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Appeal | Filed against the company by M/S Bhandari Hosiery Exports Limited | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S L S Industries Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Ms Bhandari Hosiery Exports Ltd | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against Ms LS Industries Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against 1. M/S Rihanna Industries | Pending |
To see the full case history of Marvel Dyers and Processors 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.
Credit ratings & regulatory alerts
Marvel Dyers and Processors Private Limited was last rated by Icra on 31 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Mar 2022 |
To see the full credit ratings and regulatory alerts of Marvel Dyers and Processors Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Marvel Dyers and Processors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Marvel Dyers and Processors has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF2565J1ZU | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marvel Dyers and Processors Private Limited, buy the company report.
Recent activity
Marvel Dyers and Processors Private Limited has 5 board changes on record since 1986: 3 appointments and 2 cessations. The latest: Raj Kumar Avasthi ceased to be Director on 23 Jul 2022.
AGM
Marvel Dyers And Processors Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Marvel Dyers And Processors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Axis Bank Limited of Rs. 22.92 Cr registered on 14 Aug 2017 with Charge ID 100122565 was modified on 13 Mar 2025.
Ceased
Raj Kumar Avasthi ceased to be Director.
Appointed
Munish Avasthi was appointed as Director.
Charges
A charge registered on 20 Jun 2016 via Charge ID 100036334 with Others was fully satisfied on 07 Sep 2017.
Charges
A charge registered on 23 Sep 2013 via Charge ID 10454481 with Punjab National Bank was fully satisfied on 07 Sep 2017.
Charges
A charge registered on 22 Nov 2012 via Charge ID 10392203 with Punjab National Bank was fully satisfied on 07 Sep 2017.
Charges
A charge registered on 22 Nov 2012 via Charge ID 10392202 with Punjab National Bank was fully satisfied on 07 Sep 2017.
Charges
A charge registered on 19 Feb 2010 via Charge ID 10210183 with Punjab National Bank was fully satisfied on 07 Sep 2017.
Charges
A charge registered on 19 Feb 2010 via Charge ID 10210184 with Punjab National Bank was fully satisfied on 07 Sep 2017.
Charges
A charge registered on 04 Mar 2008 via Charge ID 10093632 with Punjab National Bank was fully satisfied on 07 Sep 2017.
44 earlier events are in the company report.
Frequently asked questions
Marvel Dyers and Processors 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 02 January 1986 (40+ years old) and is registered under CIN U17124PB1986PTC006624.
Marvel Dyers and Processors has 3 current directors:
- Sadhu Ram Rupal - Managing Director
- Chetan Rupal - Director
- Munish Avasthi - Director
The latest financial statements of Marvel Dyers and Processors 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 Marvel Dyers and Processors is 03AAACF2565J1ZU, registered in Punjab.
The CIN (Corporate Identification Number) of Marvel Dyers and Processors is U17124PB1986PTC006624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvel Dyers and Processors has 38 court cases on record: 32 filed by the company and 6 filed against it. 3 are pending. Most are in the district courts.
Marvel Dyers and Processors was incorporated on 02 January 1986, making it 40+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Marvel Dyers and Processors by revenue are Khatushyam Dyeing and Printing Mills Private Limited, Suyan Textile Private Limited, Linen Design Company Private Limited, Garodia Syntex Private Limited, Ramesh Textiles India Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Raj Kumar Avasthi ceased to be Director on 23 Jul 2022. Munish Avasthi was appointed as Director on 30 Oct 2019. Vishal Jain ceased to be Additional Director on 30 Sep 2014. Marvel Dyers and Processors has 5 board changes on record in total.
The registered office of Marvel Dyers and Processors is at Village Meharbanrahon Road Ludhiana, Punjab, India – 141007.
Marvel Dyers and Processors operates in the manufacturing industry, in the textile and fabric production segment.