About Neva Garments Limited
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Neva Garments Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 14 September 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB1979PLC004036. Its GSTIN is 03AABCN4253E1ZZ (Punjab). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.31 Cr. It was formerly known as Duke Investments Private Limited. It is led by directors including Nirmal Kumar Jain (Managing Director) and Niti Jain (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 Village Hussainpurag T Road Ludhiana, Punjab, India – 141005.
As per the financials filed for FY 2025, the company reported a revenue of ₹99.95 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹2.98 Cr (net margin -3%) and EBITDA of ₹2.4 Cr (EBITDA margin 2.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company has about 330 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Neva Garments. As per MCA filings, the company has open charges of ₹45.96 Cr and satisfied charges of ₹64.25 Cr on record. Court records list 58 cases involving the company, including 50 filed by the company and 8 filed against it; 10 cases are pending. The company has 18 deals on record (16 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹63.1 Lakh; the latest was in May 2023. Its 9 peer companies in the Apparel industry (Inner Wear, Winter Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 4 smaller; the largest is B. K. International Private Limited with revenue of ₹123.72 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 324 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nevaindia.com.
Company details
CIN history
Neva Garments has one previous CIN (Corporate Identification Number): L18101PB1979PLC004036. The current CIN is U18101PB1979PLC004036, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101PB1979PLC004036 | Current |
| L18101PB1979PLC004036 | Previous |
Contact details
Neva Garments Limited's registered office is in Ludhiana, Punjab. Its website is nevaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Hussainpurag T Road Ludhiana, Punjab, India – 141005
- IndustryFashion and Textile, Innerwear, Winter & Seasonal Wear
To see the full contact details of Neva Garments 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
Neva Garments operates one associated brand: Neva Garments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Internet-first brand offering sleepwear for women and men | nevaindia.com |
Business activity
The main business activity of Neva Garments 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 Neva Garments Limited, buy the company report.
Financials of Neva Garments Limited
FY 2025 filings availableNeva Garments Limited reported revenue of ₹99.95 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 70% 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 | ₹2.4 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹2.98 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 | 2.4% | ||||
| Net Profit Margin | -3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neva Garments Limited, buy the company report.
Board of directors of Neva Garments Limited
Neva Garments has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Jain | Director | 15 Oct 2021 | 5 Years 0 Months | Current |
| Rita Jain Also directs: Neva Plantations LLP | Additional Director | 20 Feb 2025 | 1 Years 8 Months | Current |
| Nirmal Kumar Jain | Managing Director | 01 Jan 2002 | 24 Years 9 Months | Current |
| Niti Jain Also directs: Neva Nutrients LLP, Pine and Snow Realtors Private Limited | Whole-Time Director | 01 Jan 2015 | 11 Years 9 Months | Current |
| Bharat Bhushan Jain Also directs: Duke Fashions (India) Limited | Additional Director | 16 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Neva Garments Limited is compared with the 9 companies closest to it by revenue in the Apparel industry (Inner Wear, Winter 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 |
|---|---|---|---|---|---|---|
| B. K. International Private Limited | ₹123.72 Cr (FY 2025) | 43.0% | Delhi, India | |||
| Ambi Knit Private Limited | ₹123.56 Cr (FY 2025) | 18.0% | Punjab, India | |||
| Dki Apparel Private Limited | ₹122.39 Cr (FY 2024) | 33.0% | Ambarnath, Maharashtra, India | |||
| Sobhagia Sales Private Limited | ₹114.8 Cr (FY 2025) | -7.0% | Ludhiana, Punjab, India | |||
| Kalyani Innerwear Private Limited | ₹112.48 Cr (FY 2025) | -2.0% | Delhi, India | |||
| Neva Garments Limitedthis company | ₹99.95 Cr (FY 2025) | -₹2.98 Cr | -3% | 3.0% | 330 | Ludhiana, Punjab, India |
| Essdee Knitting Mills Private Limited | ₹99.67 Cr (FY 2025) | 3.0% | Tirupur, Tamil Nadu, India | |||
| Gus Clothing Private Limited | ₹97.58 Cr (FY 2025) | 37.0% | Tiruppur, Tamil Nadu, India | |||
| Prism Knit-Fab Private Limited | ₹87.03 Cr (FY 2025) | -24.0% | Kolkata, West Bengal, India | |||
| Blossom Inners Private Limited | ₹84.65 Cr (FY 2024) | 8.0% | Muvattupuzha, Kerala, India |
To see the full peer comparison of Neva Garments Limited, buy the company report.
Auditor
Neva Garments Limited is audited by YAPL & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YAPL & CO. | FY 2022 | 017800N |
Shareholding
The shareholding of Neva Garments 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neva Garments Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2025 | 101105879 | Others | ₹17 Lakh | Open | |
| 03 Apr 2024 | 100919007 | Hdfc Bank Limited | ₹10.05 Lakh | Open | |
| 24 Jan 2023 | 100673587 | Hdfc Bank Limited | ₹10.33 Lakh | Open | |
| 04 Apr 2022 | 100565631 | Others | ₹12 Cr | Open | |
| 09 Mar 2022 | 100555118 | Hdfc Bank Limited | ₹8.7 Lakh | Open |
To see the full charge records of Neva Garments Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Neva Garments Limited has 18 deals on record (16 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹63.1 Lakh; the latest was in May 2023.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Nirmal Kumar Jain Huf |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vishal Jain & Sons Huf |
To see the full deal history of Neva Garments Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Neva Garments Limited has 58 court cases on record: 50 filed by Neva Garments, 8 filed against it. 10 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 6 | 10 |
| High courts | 3 | 2 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S SRS Limited | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Vaibhavi International | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against GM Traders | Pending |
To see the full case history of Neva Garments 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
Neva Garments Limited was last rated by Brickwork on 19 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 19 Jul 2021 |
To see the full credit ratings and regulatory alerts of Neva Garments Limited, buy the company report.
MSME payment delays
Neva Garments Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 324 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VNL Elastic Private Limited | |||
| Kusum Tradex Private Limited | |||
| M/S Bebe Designs | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Neva Garments Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neva Garments Limited has a workforce of 330 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Neva Garments has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCN4253E1ZZ | Punjab | Active | 01 Jul 2017 |
| 06AABCN4253E1ZT | Haryana | Active | 13 Sep 2019 |
| 23AABCN4253E1ZX | Madhya Pradesh | Active | 24 Aug 2022 |
| 02AABCN4253E1Z1 | Himachal Pradesh | Active | 24 Aug 2023 |
To see the full GST registrations and return filing status of Neva Garments Limited, buy the company report.
Recent activity
Neva Garments Limited has 17 board changes on record since 2002: 6 appointments and 11 cessations. The latest: Rita Jain was appointed as Additional Director on 20 Feb 2025.
59 earlier events are in the company report.
Frequently asked questions
Neva Garments is an active public limited company based in Ludhiana, Punjab, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 14 September 1979 (47+ years old) and is registered under CIN U18101PB1979PLC004036.
Neva Garments has 5 current directors:
- Nirmal Kumar Jain - Managing Director
- Niti Jain - Whole-Time Director
- Rakesh Kumar Jain - Director
- Rita Jain - Additional Director
- Bharat Bhushan Jain - Additional Director
The latest financial statements of Neva Garments 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 Neva Garments is 03AABCN4253E1ZZ, registered in Punjab. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 06AABCN4253E1ZT (Haryana), 23AABCN4253E1ZX (Madhya Pradesh), 02AABCN4253E1Z1 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Neva Garments is U18101PB1979PLC004036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neva Garments has 58 court cases on record: 50 filed by the company and 8 filed against it. 10 are pending. Most are in the district courts.
Neva Garments was incorporated on 14 September 1979, making it 47+ years old. It is registered with the Registrar of Companies, Chandigarh.
Neva Garments has 18 deals on record (16 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹63.1 Lakh; the latest was in May 2023.
The peers of Neva Garments by revenue are B. K. International Private Limited, Ambi Knit Private Limited, Dki Apparel Private Limited, Sobhagia Sales Private Limited, Kalyani Innerwear Private Limited and 4 more, all in the Apparel industry (Inner Wear, Winter Wear), with the same principal business activity (textile, leather and other apparel products).
Rita Jain was appointed as Additional Director on 20 Feb 2025. Komal Kumar Jain ceased to be Director on 15 Feb 2025. Bharat Bhushan Jain was appointed as Additional Director on 16 Jan 2025. Neva Garments has 17 board changes on record in total.
Neva Garments has 9 MSME Form 1 returns on record between 2019 and 2023, listing 324 overdue payments to 8 micro and small suppliers. The latest return was filed on 31 Aug 2023.
Neva Garments can be reached through the website nevaindia.com. Its registered office is in Ludhiana, Punjab, India.