MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0030605
Nascent Sourcing Solutions Private Limited - fashion and textile in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.76 Lakh
▼ 79% YoY
Net loss · FY 2025
₹1.14 Lakh
Net margin -64.7%
EBITDA · FY 2025
₹23,569
EBITDA margin 13.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.9 Lakh
Issued & subscribed
Satisfied charges
₹73 Lakh
No open charges
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Nascent Sourcing Solutions Private Limited
Data last updated:
Nascent Sourcing Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 10 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51311KA2006PTC038717. Its GSTIN is 29AACCN4043M1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.9 Lakh. It is led by directors Damayanthi Nandish and Chikkundur Nandisha Appaswamy Gowda.
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. 461 1Sr Floor Subbamma Kempe Gowda Complex 3rd Block Hmt Layout Vidyaranyapura, Bangalore, Karnataka, India – 560097.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.76 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹1.14 Lakh (net margin -64.7%) and EBITDA of ₹23,569 (EBITDA margin 13.4%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 54% over five years.
As per MCA filings, the company has satisfied charges of ₹73 Lakh on record.
Nascent Sourcing Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0030605). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nascentsourcing.com.
Company details
CIN U51311KA2006PTC038717
Registration Number 038717
Incorporation Date 10 March 2006
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0030605
Recognitions & Rankings of Nascent Sourcing Solutions
Contact details
Nascent Sourcing Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is nascentsourcing.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo. 461 1Sr Floor Subbamma Kempe Gowda Complex 3rd Block Hmt Layout Vidyaranyapura, Bangalore, Karnataka, India – 560097
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Nascent Sourcing Solutions Private Limited, buy the company report.
Comprehensive company report
Nascent Sourcing Solutions 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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Financials of Nascent Sourcing Solutions Private Limited
FY 2025 filings availableNascent Sourcing Solutions Private Limited reported revenue of ₹1.76 Lakh (down 79% YoY) for FY 2025.
Revenue · FY 2025
₹1.76 Lakh ▼ 79%
Net loss · FY 2025
₹1.14 Lakh margin -64.7%
EBITDA · FY 2025
₹23,569 margin 13.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 46%
5 years · compounded
▼ 54%
EBITDA CAGR growth
1 year
▼ 95%
3 years · compounded
▼ 61%
5 years · compounded
▲ 15%
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 79% fall in the latest year. EBITDA fell 95% 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 | ₹23,569 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1.14 Lakh | ||||
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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 | 13.4% | ||||
| Net Profit Margin | -64.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nascent Sourcing Solutions Private Limited, buy the company report.
Board of directors of Nascent Sourcing Solutions Private Limited
Nascent Sourcing Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Damayanthi Nandish | Director | 30 Mar 2011 | 15 Years 6 Months | Current |
| Chikkundur Nandisha Appaswamy Gowda | Director | 10 Mar 2006 | 20 Years 7 Months | Current |
Peer comparison
Nascent Sourcing Solutions Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Maaruth Embroiders Private Limited | ₹1.79 Lakh (FY 2021) | 461.0% | New Delhi, Delhi, India | |||
| Leatherythings Private Limited | ₹1.78 Lakh (FY 2025) | 72.0% | Delhi, India | |||
| Yenugonda Apparels Private Limited | ₹1.78 Lakh (FY 2024) | -76.0% | New Nallakunta, Hyderabad, Telangana, India | |||
| Ritika Garments Private Limited | ₹1.77 Lakh (FY 2020) | -58.0% | Delhi, India | |||
| Nascent Sourcing Solutions Private Limitedthis company | ₹1.76 Lakh (FY 2025) | -₹1.14 Lakh | -64.7% | -79.0% | Bangalore, Karnataka, India | |
| Rhythm Connect Private Limited | ₹1.74 Lakh (FY 2025) | -44.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nascent Sourcing Solutions Private Limited, buy the company report.
Auditor
Nascent Sourcing Solutions Private Limited is audited by UDAYA RAVINDRA & MANOJ for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UDAYA RAVINDRA & MANOJ | FY 2019 | 006172S |
Shareholding
The shareholding of Nascent Sourcing Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nascent Sourcing Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹73 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Feb 2008 | 10090648 | Canara Bank | ₹9 Lakh | Satisfied | |
| 23 Mar 2007 | 10045446 | Canara Bank | ₹64 Lakh | Satisfied |
To see the full charge records of Nascent Sourcing Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Nascent Sourcing Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nascent Sourcing Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nascent Sourcing Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN4043M1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nascent Sourcing Solutions Private Limited, buy the company report.
Recent activity
Nascent Sourcing Solutions Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Damayanthi Nandish ceased to be Additional Director on 30 Sep 2011.
AGM
Nascent Sourcing Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nascent Sourcing Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 29 Feb 2008 via Charge ID 10090648 with Canara Bank was fully satisfied on 07 Jul 2018.
Charges
A charge registered on 23 Mar 2007 via Charge ID 10045446 with Canara Bank was fully satisfied on 07 Jul 2018.
Charges
A charge with Canara Bank of Rs. 64.00 Lakh registered on 23 Mar 2007 with Charge ID 10045446 was modified on 02 Jan 2014.
Ceased
Damayanthi Nandish ceased to be Additional Director.
Ceased
Chikkundur Appaswamygowda Umesha ceased to be Director.
Appointed
Damayanthi Nandish was appointed as Director.
Ceased
Manjunath Ramaiah ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 9.00 Lakh with Charge ID 10090648 was registered on 29 Feb 2008.
Charges
A charge with Canara Bank amounted to Rs. 64.00 Lakh with Charge ID 10045446 was registered on 23 Mar 2007.
Appointed
Chikkundur Nandisha Appaswamy Gowda was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Nascent Sourcing Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 10 March 2006 (20+ years old) and is registered under CIN U51311KA2006PTC038717.
Nascent Sourcing Solutions has 2 current directors:
- Damayanthi Nandish - Director
- Chikkundur Nandisha Appaswamy Gowda - Director
The latest financial statements of Nascent Sourcing Solutions 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 Nascent Sourcing Solutions is 29AACCN4043M1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Nascent Sourcing Solutions is U51311KA2006PTC038717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nascent Sourcing Solutions was incorporated on 10 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nascent Sourcing Solutions by revenue are Maaruth Embroiders Private Limited, Leatherythings Private Limited, Yenugonda Apparels Private Limited, Ritika Garments Private Limited, Rhythm Connect Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Damayanthi Nandish ceased to be Additional Director on 30 Sep 2011. Chikkundur Appaswamygowda Umesha ceased to be Director on 01 Apr 2011. Damayanthi Nandish was appointed as Director on 30 Mar 2011. Nascent Sourcing Solutions has 5 board changes on record in total.
Yes, Nascent Sourcing Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0030605).
Nascent Sourcing Solutions can be reached through the website nascentsourcing.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nascent Sourcing Solutions is at No. 461 1Sr Floor Subbamma Kempe Gowda Complex 3rd Block Hmt Layout Vidyaranyapura, Bangalore, Karnataka, India – 560097.