Turtle Limited

Turtle Limited - fashion and textile in Howrah, West Bengal, India. FY 2026 financials & compliance.
CIN U17219WB1992PLC056339 Incorporated 19 August 1992 ROC Kolkata HQ Howrah, West Bengal, India
Active Public Limited Company fashion and textile MSME
Data last updated
Revenue · FY 2025
₹358.07 Cr
▼ 3% YoY
Net profit · FY 2025
₹3.33 Cr
Net margin 0.9%
EBITDA · FY 2025
₹37.35 Cr
EBITDA margin 10.4%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹6.12 Cr
Issued & subscribed
Open charges
₹136.32 Cr
Satisfied ₹253.38 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
1,930
Provident fund records

About Turtle Limited

Data last updated:

Turtle Limited is a public limited company based in Howrah, West Bengal, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 19 August 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17219WB1992PLC056339. Its GSTIN is 19AABCT1375R1ZO (West Bengal). The company holds 18 GST registrations, of which 12 are active.

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.12 Cr. It was formerly known as Turtle Garments Pvt Ltd. It is led by directors including Shitanshu Jhunjhunwalla (Whole-Time Director) and Amit Ladsaria (Whole-Time Director).

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Lemon Fresh Block – 2 3rd Floor 29/1 Kalabagan Lane, Howrah, West Bengal, India – 711104.

As per the financials filed for FY 2025, the company reported a revenue of ₹358.07 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹3.33 Cr (net margin 0.9%) and EBITDA of ₹37.35 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 15% over five years.

The company has about 1,930 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Turtle. As per MCA filings, the company has open charges of ₹136.32 Cr and satisfied charges of ₹253.38 Cr on record. Court records list 114 cases involving the company, including 106 filed by the company and 8 filed against it; 70 cases are pending. The company has 18 deals on record (16 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹3.5 Cr; the latest was in November 2023. Its 7 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 3 smaller; the largest is Duke Fashions (India) Limited with revenue of ₹480.04 Cr. The company has 18 MSME Form 1 returns on record between 2018 and 2024, listing 1,585 overdue payments to 17 micro and small suppliers.

Turtle Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-WB-08-0002300). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website turtlelimited.com.

Company details

CIN U17219WB1992PLC056339
Registration Number 056339
Incorporation Date 19 August 1992
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-WB-08-0002300
Key People
Shitanshu Jhunjhunwalla Whole-Time Director Amit Ladsaria Whole-Time Director Sanjay Jhunjhunwalla Whole-Time Director

Recognitions & Rankings of Turtle

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-WB-08-0002300

Contact details

Turtle Limited's registered office is in Howrah, West Bengal. Its website is turtlelimited.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    turtlelimited.com
  • Social Media
  • Registered Address
    Lemon Fresh Block – 2 3rd Floor 29/1 Kalabagan Lane, Howrah, West Bengal, India – 711104
  • Industry
    Fashion and Textile, Designer & Branded Fashion

To see the full contact details of Turtle Limited, buy the company report.

Comprehensive company report
Turtle 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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Secure checkout · GST invoice included

Brands

Turtle operates one associated brand: Turtle. Each brand links to its own profile.

BrandDescriptionWebsite
Turtle
Clothing products are retailed by Turtle in India.turtle.in

Business activity

The main business activity of Turtle is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Turtle Limited, buy the company report.

Financials of Turtle Limited

FY 2025 filings available

Turtle Limited reported revenue of ₹358.07 Cr (down 3% YoY) for FY 2025.

Revenue · FY 2025
₹358.07 Cr ▼ 3%
Net profit · FY 2025
₹3.33 Cr margin 0.9%
EBITDA · FY 2025
₹37.35 Cr margin 10.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 18%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 14%
5 years · compounded
▲ 21%

Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹37.35 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹3.33 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin10.4%
Net Profit Margin0.9%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Turtle Limited, buy the company report.

Board of directors of Turtle Limited

Turtle has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shitanshu Jhunjhunwalla
Also directs: Shyamnagar Tin Factory Private Limited, Nightingale Apartments Private Limited, Amplfy Commerce Private Limited and 3 more
Whole-Time Director18 Mar 200818 Years 7 MonthsCurrent
Amit Ladsaria
Also directs: Kesavam Clothing Private Limited, Kisah Apparels Private Limited
Whole-Time Director19 Aug 199234 Years 2 MonthsCurrent
Sanjay Jhunjhunwalla
Also directs: Linc Limited, Shyamnagar Tin Factory Private Limited, Lemon Constructions Private Limited and 2 more
Whole-Time Director19 Aug 199234 Years 2 MonthsCurrent
Kishan Gopal Baldwa
Also directs: Shyam Metalics and Energy Limited, Meshal Metal Trading Private Limited, Serampore Belting Works Private Limited and 5 more
Director06 Sep 20242 Years 1 MonthsCurrent
Hem Lata JhunjhunwallaWhole-Time Director01 Apr 200026 Years 7 MonthsCurrent
Anu Ladsaria
Also directs: Kesavam Clothing Private Limited
Whole-Time Director01 Apr 200026 Years 7 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Turtle Limited is compared with the 7 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Duke Fashions (India) Limited₹480.04 Cr (FY 2025)27.0%Punjab, India
Reid & Taylor International Private Limited₹419.25 Cr (FY 2024)2.0%Mumbai, Maharashtra, India
Jade Blue Lifestyle India Limited₹378.39 Cr (FY 2025)3.0%Ahmedabad, Gujarat, India
BRFL Textiles Private Limited₹371.42 Cr (FY 2025)-22.0%Palghar, Maharashtra, India
Turtle Limitedthis company₹358.07 Cr (FY 2025)₹3.33 Cr0.9%-3.0%1,930Howrah, West Bengal, India
Jain Amar Clothing Private Limited₹319.89 Cr (FY 2024)-10.0%Ludhiana, Punjab, India
Network Clothing Company Private Limited₹310.35 Cr (FY 2025)10.0%Coimbatore, Tamil Nadu, India
SBC Exports Limited₹309.03 Cr (FY 2025)45.0%Mirzapur, Uttar Pradesh, India

To see the full peer comparison of Turtle Limited, buy the company report.

Auditor

Turtle Limited is audited by SINGHI & CO for the financial year 2020.

Auditor firmFinancial yearFirm registration number
SINGHI & COFY 2020302049E

Shareholding

The shareholding of Turtle Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2020FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Turtle Limited, buy the company report.

Charges & borrowings

Open charges
₹136.32 Cr
Satisfied charges
₹253.38 Cr
Breakdown by lending institutions
Others₹136.32 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Feb 2025101056767Others₹16 LakhOpen
18 Nov 2023100826876Others₹135.05 CrOpen
17 Feb 2023100708599Others₹28.52 LakhOpen
01 Feb 2022100536862Others₹82 LakhOpen
30 Jul 2025101143190Others₹7.5 CrSatisfied

To see the full charge records of Turtle Limited, buy the company report.

Total charge records: 16 View all charges

Deals & funding

Turtle Limited has 18 deals on record (16 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹3.5 Cr; the latest was in November 2023.

Total deals
18
Secondary share transfers
16
Funding round
1
Rights issue
1
Disclosed funding
₹3.5 Cr

Deals on record (5 of 18)

WhenDealAmountParties
Oct 2022Secondary share transferUndisclosedBuyer: 3 individuals
Seller: FLFL Lifestyle Brands Limited
Mar 2017Secondary share transferUndisclosedBuyer: FLFL Lifestyle Brands Limited
Seller: Future Lifestyle Fashions Limited
Mar 2015Secondary share transferUndisclosedBuyer: Future Lifestyle Fashions Limited
Seller: Indus-League Clothing Limited
Aug 2010Secondary share transferUndisclosedBuyer: Indus-League Clothing Limited
Seller: Future Venture India Limited
Mar 2009Secondary share transferUndisclosedBuyer: Future Venture India Limited
Seller: Subhlabh Sales Private Limited

To see the full deal history of Turtle Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Turtle Limited was last rated by Care on 19 Mar 2018.

Rating agencyRated onRating
Care19 Mar 2018

To see the full credit ratings and regulatory alerts of Turtle Limited, buy the company report.

MSME payment delays

Turtle Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 1,585 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
Goodluck Packaging Private Limited
Paper Pack Industries
BDS Clothing Co
an individual supplier
an individual supplier

To see the full MSME payment records of Turtle Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Turtle Limited has a workforce of 1,930 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
1,930
Active EPFO establishments
1
Employee growth
38.55%

GST

Turtle has 18 GST registrations: 12 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
18
Active
12
Cancelled / inactive
6
GSTINStateStatusRegistered on
19AABCT1375R1ZOWest BengalActive01 Jul 2017
09AABCT1375R2ZOUttar PradeshActive01 Jul 2017
10AABCT1375R2Z5BiharActive01 Jul 2017
18AABCT1375R1ZQAssamActive01 Jul 2017

To see the full GST registrations and return filing status of Turtle Limited, buy the company report.

Recent activity

Turtle Limited has 29 board changes on record since 1992: 8 appointments and 21 cessations. The latest: Binod Kumar Rajgaria was appointed as Additional Director on 28 Mar 2025.

Charges
A charge registered on 30 Jul 2025 via Charge ID 101143190 with Others was fully satisfied on 11 Nov 2025.
Charges
A charge registered on 13 Jan 2025 via Charge ID 101042350 with Others was fully satisfied on 17 Oct 2025.
AGM
Turtle Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 135.05 Cr registered on 18 Nov 2023 with Charge ID 100826876 was modified on 11 Sep 2025.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 101143190 was registered on 30 Jul 2025.
Filing
Turtle Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Appointed
Binod Kumar Rajgaria was appointed as Additional Director.
Ceased
Ajoy Bakliwal ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101056767 was registered on 17 Feb 2025.
Charges
A charge with Others amounted to Rs. 14.00 Cr with Charge ID 101042350 was registered on 13 Jan 2025.
Appointed
Kishan Gopal Baldwa was appointed as Director.
Charges
A charge registered on 24 Apr 2023 via Charge ID 100716509 with Axis Bank Limited was fully satisfied on 15 Mar 2024.

55 earlier events are in the company report.

News

Turtle launches menswear store in Guwahati
06 Feb 2024 · Fashionnetwork

Frequently asked questions

Turtle is an active public limited company based in Howrah, West Bengal, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 19 August 1992 (34+ years old) and is registered under CIN U17219WB1992PLC056339.

Turtle has 8 current directors:

The latest financial statements of Turtle on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Turtle is 19AABCT1375R1ZO, registered in West Bengal. The company has 18 GST registrations in all, of which 12 are active and 6 are cancelled or inactive. Other active GSTINs include 09AABCT1375R2ZO (Uttar Pradesh), 10AABCT1375R2Z5 (Bihar), 18AABCT1375R1ZQ (Assam).

The CIN (Corporate Identification Number) of Turtle is U17219WB1992PLC056339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Turtle has 114 court cases on record: 106 filed by the company and 8 filed against it. 70 are pending. Most are in the district courts.

Turtle was incorporated on 19 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Kolkata.

Turtle has 18 deals on record (16 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹3.5 Cr; the latest was in November 2023.

The peers of Turtle by revenue are Duke Fashions (India) Limited, Reid & Taylor International Private Limited, Jade Blue Lifestyle India Limited, BRFL Textiles Private Limited, Jain Amar Clothing Private Limited and 2 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).

Binod Kumar Rajgaria was appointed as Additional Director on 28 Mar 2025. Ajoy Bakliwal ceased to be Director on 01 Mar 2025. Kishan Gopal Baldwa was appointed as Director on 06 Sep 2024. Turtle has 29 board changes on record in total.

Yes, Turtle is registered as an MSME under Udyam registration (number: UDYAM-WB-08-0002300).

Turtle has 18 MSME Form 1 returns on record between 2018 and 2024, listing 1,585 overdue payments to 17 micro and small suppliers. The latest return was filed on 30 Apr 2024.