About Shell Apparels Private Limited
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Shell Apparels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the denim and casual wear segment of the fashion and textiles sector. It was incorporated on 23 May 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U05131KA2003PTC031983. Its GSTIN is 29AAHCS2166B1ZG (Karnataka).
The company has an authorised share capital of ₹4.9 Cr and a paid-up capital of ₹4.23 Cr. It is led by directors including Bindiganavele Ranganathan Vasuki (Managing Director) and Bindinganavele Rangarajan Vasudha (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 No.10/14 – 10/16 G.T. Industrial Complex Magadi Main Road Sunkadakatte, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2025, the company reported a revenue of ₹244 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹4.66 Cr (net margin 1.9%) and EBITDA of ₹17.34 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company has about 3,360 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shell Apparels. As per MCA filings, the company has open charges of ₹82.16 Cr and satisfied charges of ₹174.88 Cr on record. Court records list 78 cases involving the company, including 57 filed by the company and 21 filed against it; 1 case is pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹14.08 Cr; the latest was in March 2016. Its 9 peer companies in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 5 smaller; the largest is Adarsh Knit Wear Private Limited with revenue of ₹260.49 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shellapparels.com.
Company details
Contact details
Shell Apparels Private Limited's registered office is in Bangalore, Karnataka. Its website is shellapparels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.10/14 – 10/16 G.T. Industrial Complex Magadi Main Road Sunkadakatte, Bangalore, Karnataka, India – 560091
- IndustryFashion and Textile, Denim & Casual Wear
To see the full contact details of Shell Apparels Private 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
Shell Apparels operates one associated brand: Shell Apparels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Apparel manufacturing, design services, and sustainability practices in India. | shellapparels.com |
Business activity
The main business activity of Shell Apparels 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 Shell Apparels Private Limited, buy the company report.
Financials of Shell Apparels Private Limited
FY 2025 filings availableShell Apparels Private Limited reported revenue of ₹244 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 6% growth in the latest year. EBITDA rose 11% 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 |
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| EBITDA | ₹17.34 Cr | ||||
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| Net Profit (PAT) | ₹4.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Shell Apparels Private Limited, buy the company report.
Board of directors of Shell Apparels Private Limited
Shell Apparels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bindiganavele Ranganathan Vasuki | Managing Director | 23 May 2003 | 23 Years 5 Months | Current |
| Venugopal Ravi | Director | 20 Jun 2005 | 21 Years 4 Months | Current |
| Bindinganavele Rangarajan Vasudha | Whole-Time Director | 21 Apr 2015 | 11 Years 6 Months | Current |
Peer comparison
Shell Apparels Private Limited is compared with the 9 companies closest to it by revenue in the Apparel industry (Branded Wear), 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 |
|---|---|---|---|---|---|---|
| Adarsh Knit Wear Private Limited | ₹260.49 Cr (FY 2024) | 12.0% | Tirupur, Tamil Nadu, India | |||
| Ocm Private Limited | ₹250.4 Cr (FY 2025) | -14.0% | Amritsar, Punjab, India | |||
| Janak Sons Knitwear Private Limited | ₹248.17 Cr (FY 2025) | 24.0% | Ludhiana, Punjab, India | |||
| Veekayem Fashion and Apparels Limited | ₹244.32 Cr (FY 2024) | 4.0% | Mumbai, Maharashtra, India | |||
| Shell Apparels Private Limitedthis company | ₹244 Cr (FY 2025) | ₹4.66 Cr | 1.9% | 6.0% | 3,360 | Bangalore, Karnataka, India |
| Vishal Fashions Private Limited | ₹239.14 Cr (FY 2025) | -3.0% | Surat, Gujarat, India | |||
| Stanfab Apparels Private Limited | ₹238.36 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Hasbro Clothing Private Limited | ₹233.58 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| K K Silk Mills Limited | ₹221.43 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Fashionking Brands Private Limited | ₹218.53 Cr (FY 2024) | 2.0% | Pune, Maharashtra, India |
To see the full peer comparison of Shell Apparels Private Limited, buy the company report.
Auditor
Shell Apparels Private Limited is audited by ESHA PRASANNA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ESHA PRASANNA & CO | FY 2023 | 013071S |
Shareholding
The shareholding of Shell Apparels 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Shell Apparels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Apr 2025 | 101092693 | Others | ₹5 Cr | Open | |
| 05 Mar 2025 | 101111737 | Hdfc Bank Limited | ₹37.6 Lakh | Open | |
| 27 Dec 2024 | 101029261 | Others | ₹4.73 Cr | Open | |
| 26 Jun 2024 | 100950245 | Sidbi | ₹3.84 Cr | Open | |
| 29 Dec 2023 | 100914685 | Axis Bank Limited | ₹20 Lakh | Open |
To see the full charge records of Shell Apparels Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Shell Apparels Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹14.08 Cr; the latest was in March 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Funding round | ₹5.87 Cr | Investors: 2 individuals |
| Oct 2015 | Funding round | ₹6.3 Cr | Investors: 2 individuals |
| Mar 2014 | Funding round | ₹1.91 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shell Apparels Private Limited has 78 court cases on record: 57 filed by Shell Apparels, 21 filed against it. 1 case is pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 20 | 0 |
| High courts | 6 | 1 | 1 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. K.G Denim Ltd., Rep. Vijayakumar.S | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. K.G Denim Ltd., Rep. Vijayakumar.S | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Future Speciality Retail Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Future Speciality Retail Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Bhavya International | Disposed |
To see the full case history of Shell Apparels 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
Shell Apparels Private Limited was last rated by Indiarating on 13 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 13 Jul 2021 |
To see the full credit ratings and regulatory alerts of Shell Apparels Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shell Apparels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shell Apparels Private Limited has a workforce of 3,360 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Shell Apparels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCS2166B1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shell Apparels Private Limited, buy the company report.
Recent activity
Shell Apparels Private Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Bindiganavele Ranganathan Vasuki ceased to be Director on 31 Oct 2023.
34 earlier events are in the company report.
Frequently asked questions
Shell Apparels is an active private limited company based in Bangalore, Karnataka, India. The company works in denim and casual wear, within the fashion and textile industry. It was incorporated on 23 May 2003 (23+ years old) and is registered under CIN U05131KA2003PTC031983.
Shell Apparels has 3 current directors:
- Bindiganavele Ranganathan Vasuki - Managing Director
- Bindinganavele Rangarajan Vasudha - Whole-Time Director
- Venugopal Ravi - Director
The latest financial statements of Shell Apparels 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 Shell Apparels is 29AAHCS2166B1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Shell Apparels is U05131KA2003PTC031983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shell Apparels has 78 court cases on record: 57 filed by the company and 21 filed against it. 1 is pending. Most are in the district courts.
Shell Apparels was incorporated on 23 May 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Shell Apparels has 3 deals on record (3 funding rounds), with disclosed funding of ₹14.08 Cr; the latest was in March 2016.
The peers of Shell Apparels by revenue are Adarsh Knit Wear Private Limited, Ocm Private Limited, Janak Sons Knitwear Private Limited, Veekayem Fashion and Apparels Limited, Vishal Fashions Private Limited and 4 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Bindiganavele Ranganathan Vasuki ceased to be Director on 31 Oct 2023. Bindinganavele Rangarajan Vasudha ceased to be Additional Director on 01 Sep 2015. Bindinganavele Rangarajan Vasudha was appointed as Whole-Time Director on 21 Apr 2015. Shell Apparels has 5 board changes on record in total.
Shell Apparels can be reached through the website shellapparels.com. Its registered office is in Bangalore, Karnataka, India.
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