About Vemb Lifestyle Private Limited
Data last updated:
Vemb Lifestyle Private Limited is a private limited company based in Mumbai, Maharashtra, 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 retail and distribution segment of the home and lifestyle products sector. It was incorporated on 05 July 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH2005PTC154498. Its GSTIN is 27AACCV0704F1ZQ (Maharashtra).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹4.88 Cr. It was formerly known as Vaishali Garments Private Limited. It is led by directors including Punit Shivkumar Agarwal (Managing Director) and Anurag Jain (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Gala No.13A 1st Floor Zakaria Industrial Estate Marol Maroshi Road Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2019, the company reported a revenue of ₹34.41 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹5.67 Cr (net margin -16.5%) and EBITDA of -₹5.45 Cr (EBITDA margin -15.8%).
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹107.41 Cr and satisfied charges of ₹53.91 Cr on record. Court records list 17 cases involving the company, including 4 filed by the company and 13 filed against it; 9 cases are pending.
The last known website on record is vemb.biz.
Company details
Contact details
Vemb Lifestyle Private Limited's registered office is in Mumbai, Maharashtra. Its website is vemb.biz.
- Website
- Registered AddressGala No.13A 1st Floor Zakaria Industrial Estate Marol Maroshi Road Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryHome & Lifestyle, Textile Retail & Distribution
- 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
Business activity
The main business activity of Vemb Lifestyle is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vemb Lifestyle Private Limited, buy the company report.
Financials of Vemb Lifestyle Private Limited
FY 2019 filings availableVemb Lifestyle Private Limited reported revenue of ₹34.41 Cr (down 45% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year. EBITDA rose 47% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹34.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.67 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.8% | ||||
| Net Profit Margin | -16.5% | ||||
| 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 Vemb Lifestyle Private Limited, buy the company report.
Board of directors of Vemb Lifestyle Private Limited
Vemb Lifestyle has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Jain Also directs: Resolve- Ipe Private Limited | Irp/Rp/Liquidator | 27 Dec 2024 | 1 Years 10 Months | As last reported |
| Mohd Iqbal Also directs: Vemb Retail India Private Limited, Tanaya Enterprises Private Limited, Inline Trader Private Limited and 1 more | Director | 26 Feb 2021 | 5 Years 8 Months | As last reported |
| Punit Shivkumar Agarwal Also directs: Promart Retail India Private Limited, Vemb Retail India Private Limited, Tanaya Enterprises Private Limited and 3 more | Managing Director | 05 Jul 2005 | 21 Years 4 Months | As last reported |
Peer comparison
Vemb Lifestyle Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JMP Textiles Private Limited | ₹34.56 Cr (FY 2025) | 53.0% | Delhi, India | |||
| Warwick Fabrics India Private Limited | ₹34.54 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Vemb Lifestyle Private Limitedthis company | ₹34.41 Cr (FY 2019) | -₹5.67 Cr | -16.5% | -45.0% | 2 | Mumbai, Maharashtra, India |
| Cosmos Nonwoven Private Limited | ₹34.28 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Gim Recypa Private Limited | ₹34.26 Cr (FY 2025) | -7.0% | Delhi, India | |||
| Shri Parashnath Textiles Private Limited | ₹34.26 Cr (FY 2025) | 4.0% | Delhi, India | |||
| Beetex Pvt Ltd | ₹34.21 Cr (FY 2024) | 6.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Vemb Lifestyle Private Limited, buy the company report.
Auditor
Vemb Lifestyle Private Limited is audited by AJAY SHOBHA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJAY SHOBHA & CO | FY 2019 | 317031E |
Shareholding
The shareholding of Vemb Lifestyle Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Vemb Lifestyle Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2015 | 10614191 | Punjab National Bank | ₹42.41 Cr | Open | |
| 06 Mar 2013 | 10414875 | Pnb Investment Services Limited | ₹65 Cr | Open | |
| 01 Aug 2014 | 10514553 | Kotak Mahindra Bank Limited | ₹9.72 Cr | Satisfied | |
| 28 Oct 2013 | 10467176 | Punjab National Bank | ₹5 Cr | Satisfied | |
| 29 Jul 2013 | 10448600 | Pnb Investment Services Limited | ₹5 Cr | Satisfied |
To see the full charge records of Vemb Lifestyle Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Vemb Lifestyle Private Limited has 17 court cases on record: 4 filed by Vemb Lifestyle, 13 filed against it. 9 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 5 |
| High courts | 6 | 2 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Union Bank of India | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed against the company by Mafatlal Industries Ltd., | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Mafatlal Industries Ltd., | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Mafatlal Industries Ltd., | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Sunteck Realty Ltd. and 2 Ors | Pending |
To see the full case history of Vemb Lifestyle 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vemb Lifestyle Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vemb Lifestyle has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vemb Retail India Private Limited | U52300MH2013PTC240483 |
To see the full group structure of Vemb Lifestyle Private Limited, buy the company report.
Employees & EPFO
Vemb Lifestyle Private Limited has a workforce of 2 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Vemb Lifestyle has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV0704F1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vemb Lifestyle Private Limited, buy the company report.
Recent activity
Vemb Lifestyle Private Limited has 6 board changes on record since 2005: 3 appointments and 3 cessations. The latest: Anurag Jain was appointed as Irp/Rp/Liquidator on 27 Dec 2024.
28 earlier events are in the company report.
Frequently asked questions
Vemb Lifestyle 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.
Vemb Lifestyle is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 05 July 2005 and is registered under CIN U18101MH2005PTC154498. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vemb Lifestyle has 3 current directors:
- Punit Shivkumar Agarwal - Managing Director
- Mohd Iqbal - Director
- Anurag Jain - Irp/Rp/Liquidator
The latest financial statements of Vemb Lifestyle on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vemb Lifestyle is U18101MH2005PTC154498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vemb Lifestyle has open charges of ₹107.41 Cr and satisfied charges of ₹53.91 Cr as per latest MCA filings.
Vemb Lifestyle has 17 court cases on record: 4 filed by the company and 13 filed against it. 9 are pending. Most are in the district courts.
Vemb Lifestyle was incorporated on 05 July 2005. It is registered with the Registrar of Companies, Mumbai.
The peers of Vemb Lifestyle by revenue are JMP Textiles Private Limited, Warwick Fabrics India Private Limited, Cosmos Nonwoven Private Limited, Gim Recypa Private Limited, Shri Parashnath Textiles Private Limited and 1 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Anurag Jain was appointed as Irp/Rp/Liquidator on 27 Dec 2024. Neetu Punit Agarwal ceased to be Director on 02 Mar 2021. Mohd Iqbal was appointed as Director on 26 Feb 2021. Vemb Lifestyle has 6 board changes on record in total.
Vemb Lifestyle can be reached through the website vemb.biz. Its registered office is in Mumbai, Maharashtra, India.
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