Newtech Apparels (India) Private Limited
About Newtech Apparels (India) Private Limited
Data last updated:
Newtech Apparels (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 18 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80211KA2004PTC033965.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors including Maddanaswamy Bhari Vrushabhendrappa and Thomas Kurian Kochukoycal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. Sw – 22 KIADB Apparel Park II Phase Doddaballapura Taluk, Bangalore, Karnataka, India – 561203.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.37 Lakh, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹13,287 (net margin 2.1%) and EBITDA of ₹66,691 (EBITDA margin 10.5%). Revenue has declined at a compounded annual rate (CAGR) of 326% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹80 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Newtech Apparels (India) Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. Sw – 22 KIADB Apparel Park II Phase Doddaballapura Taluk, Bangalore, Karnataka, India – 561203
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Newtech Apparels (India) Private 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
Business activity
The main business activity of Newtech Apparels (India) is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Newtech Apparels (India) Private Limited, buy the company report.
Financials of Newtech Apparels (India) Private Limited
FY 2024 filings availableNewtech Apparels (India) Private Limited reported revenue of ₹6.37 Lakh (down 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 31% fall in the latest year. EBITDA fell 30% 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 |
|---|---|---|---|---|---|
| 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 | ₹66,691 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13,287 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Newtech Apparels (India) Private Limited, buy the company report.
Board of directors of Newtech Apparels (India) Private Limited
Newtech Apparels (India) 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 |
|---|---|---|---|---|
| Maddanaswamy Bhari Vrushabhendrappa Also directs: Truestreet Global Services Private Limited | Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Thomas Kurian Kochukoycal | Director | 01 Mar 2011 | 15 Years 7 Months | Current |
| Sanjay Kurian Thomas Also directs: Truestreet Global Services Private Limited | Additional Director | 14 Jan 2015 | 11 Years 9 Months | Current |
Auditor
Newtech Apparels (India) Private Limited is audited by K P M S & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P M S & ASSOCIATES | FY 2017 | 012090S |
Shareholding
The shareholding of Newtech Apparels (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Newtech Apparels (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2018 | 100211239 | Others | ₹20 Lakh | Open | |
| 15 Feb 2018 | 100170359 | Others | ₹60 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Newtech Apparels (India) Private Limited has 1 court case on record: 1 filed by Newtech Apparels (India). All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Newtech Apparels (India) 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.
Credit ratings & regulatory alerts
Newtech Apparels (India) Private Limited was last rated by Crisil on 15 Feb 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Feb 2018 |
To see the full credit ratings and regulatory alerts of Newtech Apparels (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Newtech Apparels (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Newtech Apparels (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Newtech Apparels (India) Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Maddanaswamy Bhari Vrushabhendrappa was appointed as Director on 22 Dec 2017.
Frequently asked questions
Newtech Apparels (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 18 May 2004 (22+ years old) and is registered under CIN U80211KA2004PTC033965.
Newtech Apparels (India) has 3 current directors:
- Maddanaswamy Bhari Vrushabhendrappa - Director
- Thomas Kurian Kochukoycal - Director
- Sanjay Kurian Thomas - Additional Director
The latest financial statements of Newtech Apparels (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Newtech Apparels (India) is U80211KA2004PTC033965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Newtech Apparels (India) has 1 court case on record: 1 filed by the company.
Newtech Apparels (India) was incorporated on 18 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Maddanaswamy Bhari Vrushabhendrappa was appointed as Director on 22 Dec 2017. Vrunda Mavikere Sannaveeranna ceased to be Director on 13 Dec 2017. Sanjay Kurian Thomas was appointed as Additional Director on 14 Jan 2015. Newtech Apparels (India) has 6 board changes on record in total.
The registered office of Newtech Apparels (India) is at Plot No. Sw – 22 KIADB Apparel Park II Phase Doddaballapura Taluk, Bangalore, Karnataka, India – 561203.
Newtech Apparels (India) operates in the business outsourcing industry, in the business and IT consulting segment.
Newtech Apparels (India) has open charges of ₹80 Lakh and no satisfied charges on record as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
