MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-03-0046422
Trigger Apparels Limited - fashion and textile in Mettupalayam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.01 Cr
▼ 64% YoY
Net loss · FY 2024
₹46.54 Lakh
Net margin -2.7%
EBITDA · FY 2024
₹1.18 Cr
EBITDA margin 7%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹6 Cr
Issued & subscribed
Open charges
₹10.44 Cr
Secured borrowings
Company age
27 yrs
Est. 1999
Employees · EPFO
6
Provident fund records
About Trigger Apparels Limited
Data last updated:
Trigger Apparels Limited is a public limited company based in Mettupalayam, Tamil Nadu, India, a subsidiary of K G Denim Limited. It operates in the casual and branded wear segment of the fashion and textiles sector. It was incorporated on 30 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U18101TZ1999PLC008956. Its GSTIN is 09AACCT1080A1ZT (Uttar Pradesh). The company holds 17 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6 Cr. It was formerly known as Trigger Apparels Private Limited. It is led by directors including Sriramulu Pranav Sriraman and Govindaswamynaidu Balakrishnan.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mettupalayam, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.01 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹46.54 Lakh (net margin -2.7%) and EBITDA of ₹1.18 Cr (EBITDA margin 7%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 16% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Trigger Jeans and Trigger Apparel. As per MCA filings, the company has open charges of ₹10.44 Cr on record. Court records list 24 cases involving the company, including 16 filed by the company and 8 filed against it; 4 cases are pending.
Trigger Apparels Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-03-0046422). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website trigger.in.
Company details
CIN U18101TZ1999PLC008956
Registration Number 008956
Incorporation Date 30 July 1999
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Parent Company K G Denim Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-03-0046422
Key People
Sriramulu Pranav Sriraman Director Govindaswamynaidu Balakrishnan Director Ayyalusamy Velusamy Director Recognitions & Rankings of Trigger Apparels
Contact details
Trigger Apparels Limited's registered office is in Mettupalayam, Tamil Nadu. Its website is trigger.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSf No. 12/1 2 3 Then Thirumalai, Sirumugai, Mettupalayam, Tamil Nadu, India – 641302
- IndustryFashion and Textile, Casual & Branded Wear
To see the full contact details of Trigger Apparels Limited, buy the company report.
Comprehensive company report
Trigger Apparels 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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Brands
Trigger Apparels operates two associated brands: Trigger Jeans and Trigger Apparel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a direct-to-consumer brand specializing in denim and casual wear for men. | triggerjeans.com | |
| Value jeans, formal and casual menswear brand. | trigger.in |
Business activity
The main business activity of Trigger 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 Trigger Apparels Limited, buy the company report.
Financials of Trigger Apparels Limited
FY 2024 filings availableTrigger Apparels Limited reported revenue of ₹17.01 Cr (down 64% YoY) for FY 2024.
Revenue · FY 2024
₹17.01 Cr ▼ 64%
Net loss · FY 2024
₹46.54 Lakh margin -2.7%
EBITDA · FY 2024
₹1.18 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 64%
3 years · compounded
▼ 19%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 46%
5 years · compounded
▲ 22%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 64% fall in the latest year. EBITDA rose 7% 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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| Total Expenses | |||||
| EBITDA | ₹1.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹46.54 Lakh | ||||
| Balance Sheet | |||||
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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% | ||||
| Net Profit Margin | -2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Trigger Apparels Limited, buy the company report.
Board of directors of Trigger Apparels Limited
Trigger Apparels has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriramulu Pranav Sriraman Also directs: Crocodile India Private Limited, KGB Education Foundation, Enterprise Telesys Limited and 2 more | Director | 26 Sep 2017 | 9 Years 0 Months | Current |
| Govindaswamynaidu Balakrishnan | Director | 30 Jul 1999 | 27 Years 2 Months | Current |
| Ayyalusamy Velusamy | Director | 27 Oct 2005 | 20 Years 11 Months | Current |
| Sitaraman Kalyanasundaram | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
| Vijayakumar Sundaram Also directs: Monarch Machine Tools Private Limited | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
Auditor
Trigger Apparels Limited is audited by GOPALAIYER for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPALAIYER | FY 2023 | 000960S |
Shareholding
The shareholding of Trigger Apparels 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 Trigger Apparels Limited, buy the company report.
Charges & borrowings
Open charges
₹10.44 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2006 | 10028727 | Indian Overseas Bank | ₹10.44 Cr | Open |
To see the full charge records of Trigger Apparels Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Trigger Apparels Limited has 24 court cases on record: 16 filed by Trigger Apparels, 8 filed against it. 4 cases are pending and 20 are disposed.
Total cases
24
Filed by the company
16
Filed against the company
8
Pending
4
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 7 | 2 |
| High courts | 7 | 1 | 2 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by M/S Sitaram Spinners Pvt Ltd | Pending |
| High Court for State of Telangana | Court case (CRLP) | Filed by the company against M/S. K.G. Denim Limited and 2 others | Pending |
| District court, Hyderabad Central, Telangana | Civil suit | Filed against the company by M/S Sitaram Spinners Pvt Ltd | Disposed |
| High Court, West Bengal | Court case (CRA (SB)) | Filed by the company against Khanna Textiles and Others and 2 others | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Trigger Apparels 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 Trigger Apparels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Trigger Apparels Limited has a workforce of 6 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-40%
GST
Trigger Apparels has 17 GST registrations: 11 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
11
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCT1080A1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AACCT1080A2Z9 | Bihar | Active | 01 Jul 2017 |
| 21AACCT1080A1Z7 | Odisha | Active | 01 Jul 2017 |
| 27AACCT1080A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Trigger Apparels Limited, buy the company report.
Recent activity
Trigger Apparels Limited has 19 board changes on record since 1999: 12 appointments and 7 cessations. The latest: Morur Elayappan Vadivel Selvamm ceased to be Additional Director on 27 May 2024.
AGM
Trigger Apparels Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Ceased
Morur Elayappan Vadivel Selvamm ceased to be Additional Director.
Ceased
Sivagaminathan Manickam ceased to be Director.
Filing
Trigger Apparels Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Appointed
Sitaraman Kalyanasundaram was appointed as Director.
Appointed
Vijayakumar Sundaram was appointed as Director.
Charges
A charge with Indian Overseas Bank of Rs. 10.44 Cr registered on 30 Nov 2006 with Charge ID 10028727 was modified on 29 May 2023.
Appointed
Morur Elayappan Vadivel Selvamm was appointed as Additional Director.
Appointed
Sivagaminathan Manickam was appointed as Director.
Ceased
Krishnakumar ceased to be Director.
Ceased
Ravali Sridhar Kandasami ceased to be Director.
Ceased
Surinder Chhibber ceased to be Managing Director.
12 earlier events are in the company report.
Frequently asked questions
Trigger Apparels is an active public limited company based in Mettupalayam, Tamil Nadu, India. The company works in casual and branded wear, within the fashion and textile industry. It was incorporated on 30 July 1999 (27+ years old) and is registered under CIN U18101TZ1999PLC008956.
Trigger Apparels has 5 current directors:
- Sriramulu Pranav Sriraman - Director
- Govindaswamynaidu Balakrishnan - Director
- Ayyalusamy Velusamy - Director
- Sitaraman Kalyanasundaram - Director
- Vijayakumar Sundaram - Director
The latest financial statements of Trigger Apparels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Trigger Apparels is 09AACCT1080A1ZT, registered in Uttar Pradesh. The company has 17 GST registrations in all, of which 11 are active and 6 are cancelled or inactive. Other active GSTINs include 10AACCT1080A2Z9 (Bihar), 21AACCT1080A1Z7 (Odisha), 27AACCT1080A1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Trigger Apparels is U18101TZ1999PLC008956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trigger Apparels has 24 court cases on record: 16 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Trigger Apparels was incorporated on 30 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Coimbatore.
Morur Elayappan Vadivel Selvamm ceased to be Additional Director on 27 May 2024. Sivagaminathan Manickam ceased to be Director on 27 May 2024. Sitaraman Kalyanasundaram was appointed as Director on 29 Nov 2023. Trigger Apparels has 19 board changes on record in total.
Yes, Trigger Apparels is registered as a small enterprise under Udyam registration (number: UDYAM-TN-03-0046422).
Trigger Apparels can be reached through the website trigger.in. Its registered office is in Mettupalayam, Tamil Nadu, India.