Onward Knitwear Solutions Private Limited

Onward Knitwear Solutions Private Limited - manufacturing in Gurgaon, Haryana, India. FY 2026 financials & compliance.
CIN U18101HR2000PTC089885 Incorporated 07 April 2000 ROC Delhi HQ Gurgaon, Haryana, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2024
₹36.11 Cr
▼ 25% YoY
Net profit · FY 2024
₹3.27 Cr
Net margin 9.1%
EBITDA · FY 2024
₹4.7 Cr
EBITDA margin 13%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹15.02 Lakh
Issued & subscribed
Open charges
₹97 Cr
Satisfied ₹126.27 Cr
Company age
26 yrs
Est. 2000
Directors on board
3
As per MCA filings

About Onward Knitwear Solutions Private Limited

Data last updated:

Onward Knitwear Solutions Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 April 2000 and has been in existence for over 26 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18101HR2000PTC089885. Its GSTIN is 06AAACO4651Q1Z2 (Haryana).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹15.02 Lakh. It is led by directors including Chandrika Thatai (Whole-Time Director) and Aashray Thatai.

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.16 Sector – 4 Imt Manesar, Gurgaon, Haryana, India – 122050.

As per the financials filed for FY 2024, the company reported a revenue of ₹36.11 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.27 Cr (net margin 9.1%) and EBITDA of ₹4.7 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.

As per MCA filings, the company has open charges of ₹97 Cr and satisfied charges of ₹126.27 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in August 2012. Its 4 peer companies in the Consumer Products industry (Home Furnishings Manufacturers, Knitwear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 3 smaller; the largest is Aarthi A1 Home Trends Private Limited with revenue of ₹36.87 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 9 overdue payments to 2 micro and small suppliers.

Onward Knitwear Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0044626). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website orientknits.com.

Company details

CIN U18101HR2000PTC089885
Registration Number 089885
Incorporation Date 07 April 2000
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-HR-05-0044626

CIN history

Onward Knitwear Solutions has one previous CIN (Corporate Identification Number): U18101DL2000PTC105100. The current CIN is U18101HR2000PTC089885, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U18101HR2000PTC089885Current
U18101DL2000PTC105100Previous
Key People
Chandrika Thatai Whole-Time Director Aashray Thatai Director Shreya Thatai Director

Recognitions & Rankings of Onward Knitwear Solutions

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-HR-05-0044626

Contact details

Onward Knitwear Solutions Private Limited's registered office is in Gurgaon, Haryana. Its website is orientknits.com. Its e-mail address is in the company report.

  • Email
  • Website
    orientknits.com
  • Registered Address
    Plot No.16 Sector – 4 Imt Manesar, Gurgaon, Haryana, India – 122050
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Onward Knitwear Solutions Private Limited, buy the company report.

Comprehensive company report
Onward Knitwear 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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Business activity

The main business activity of Onward Knitwear Solutions 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 Onward Knitwear Solutions Private Limited, buy the company report.

Financials of Onward Knitwear Solutions Private Limited

FY 2024 filings available

Onward Knitwear Solutions Private Limited reported revenue of ₹36.11 Cr (down 25% YoY) for FY 2024.

Revenue · FY 2024
₹36.11 Cr ▼ 25%
Net profit · FY 2024
₹3.27 Cr margin 9.1%
EBITDA · FY 2024
₹4.7 Cr margin 13%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 1%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 11%
5 years · compounded
▲ 7%

Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 31% 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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₹4.7 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹3.27 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin13%
Net Profit Margin9.1%
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 Onward Knitwear Solutions Private Limited, buy the company report.

Board of directors of Onward Knitwear Solutions Private Limited

Onward Knitwear Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Chandrika Thatai
Also directs: Thatai Consultancy Services LLP, Fa Home and Apparel Private Limited, Matrix Horizons Private Limited and 4 more
Whole-Time Director07 Apr 200026 Years 7 MonthsCurrent
Aashray Thatai
Also directs: Thatai Consultancy Services LLP, Fa Home and Apparel Private Limited, Matrix Horizons Private Limited and 5 more
Director29 Jun 201214 Years 4 MonthsCurrent
Shreya Thatai
Also directs: Residency Green Apartments Private Limited., Gurnani Infrastructure LLP, Gurnani Educare LLP and 3 more
Director29 Jun 201214 Years 4 MonthsCurrent
View all directors

Peer comparison

Onward Knitwear Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Home Furnishings Manufacturers, Knitwear), 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
Aarthi A1 Home Trends Private Limited₹36.87 Cr (FY 2025)-23.0%Karur, Tamil Nadu, India
Onward Knitwear Solutions Private Limitedthis company₹36.11 Cr (FY 2024)₹3.27 Cr9.1%-25.0%Gurgaon, Haryana, India
Adinath Tex Chem Limited₹36.01 Cr (FY 2025)46.0%Surat, Gujarat, India
Jagdmby Knit Fabs Private Limited₹35.24 Cr (FY 2025)24.0%Panipat, Haryana, India
Mohit Rubber Foam India Private Limited₹35 Cr (FY 2023)2.0%New Delhi, Delhi, India

To see the full peer comparison of Onward Knitwear Solutions Private Limited, buy the company report.

Auditor

Onward Knitwear Solutions Private Limited is audited by R.N.MARWAH&COMPANY for the financial year 2023.

Auditor firmFinancial yearFirm registration number
R.N.MARWAH&COMPANYFY 2023001211N

Shareholding

The shareholding of Onward Knitwear Solutions Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Onward Knitwear Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹97 Cr
Satisfied charges
₹126.27 Cr
Breakdown by lending institutions
Others₹97.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Jul 2024100964188Others₹97 CrOpen
27 Oct 2023100828792Others₹22.21 LakhSatisfied
27 Oct 2023100828749Others₹13.2 LakhSatisfied
10 Aug 2021100485855Axis Bank Limited₹30 LakhSatisfied
08 Jun 2021100476696Others₹74.89 CrSatisfied

To see the full charge records of Onward Knitwear Solutions Private Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Onward Knitwear Solutions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in August 2012.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Aug 2012Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual

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

MSME payment delays

Onward Knitwear Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 9 overdue payments to 2 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 (2 of 2)

SupplierAmount dueDue sinceReported on
V & S Seair Logistics Private Limited
Shri Vengateswara Tex Private Limited

To see the full MSME payment records of Onward Knitwear Solutions Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Onward Knitwear Solutions has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
06AAACO4651Q1Z2HaryanaActive01 Jul 2017

To see the full GST registrations and return filing status of Onward Knitwear Solutions Private Limited, buy the company report.

Recent activity

Onward Knitwear Solutions Private Limited has 7 board changes on record since 2000: 3 appointments and 4 cessations. The latest: Anoop Thatai ceased to be Director on 28 Mar 2020.

Charges
A charge with Others of Rs. 97.00 Cr registered on 25 Jul 2024 with Charge ID 100964188 was modified on 26 Sep 2025.
Charges
A charge registered on 10 Aug 2021 via Charge ID 100485855 with Axis Bank Limited was fully satisfied on 24 Jul 2025.
AGM
Onward Knitwear Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 27 Oct 2023 via Charge ID 100828792 with Others was fully satisfied on 20 Sep 2024.
Charges
A charge registered on 27 Oct 2023 via Charge ID 100828749 with Others was fully satisfied on 20 Sep 2024.
Charges
A charge registered on 08 Jun 2021 via Charge ID 100476696 with Others was fully satisfied on 20 Sep 2024.
Charges
A charge with Others amounted to Rs. 97.00 Cr with Charge ID 100964188 was registered on 25 Jul 2024.
Filing
Onward Knitwear Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Others of Rs. 74.89 Cr registered on 08 Jun 2021 with Charge ID 100476696 was modified on 30 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.22 Cr with Charge ID 100828792 was registered on 27 Oct 2023.
Charges
A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100828749 was registered on 27 Oct 2023.
Charges
A charge registered on 24 Jul 2019 via Charge ID 100280789 with Axis Bank Limited was fully satisfied on 20 Aug 2022.

16 earlier events are in the company report.

Frequently asked questions

Onward Knitwear Solutions is an active private limited company based in Gurgaon, Haryana, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 April 2000 (26+ years old) and is registered under CIN U18101HR2000PTC089885.

Onward Knitwear Solutions has 3 current directors:

The latest financial statements of Onward Knitwear Solutions 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 GSTIN of Onward Knitwear Solutions is 06AAACO4651Q1Z2, registered in Haryana.

The CIN (Corporate Identification Number) of Onward Knitwear Solutions is U18101HR2000PTC089885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Onward Knitwear Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it.

Onward Knitwear Solutions was incorporated on 07 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.

Onward Knitwear Solutions has 1 deal on record (1 secondary share transfer); the latest was in August 2012.

The peers of Onward Knitwear Solutions by revenue are Aarthi A1 Home Trends Private Limited, Adinath Tex Chem Limited, Jagdmby Knit Fabs Private Limited, Mohit Rubber Foam India Private Limited, all in the Consumer Products industry (Home Furnishings Manufacturers, Knitwear), with the same principal business activity (textile, leather and other apparel products).

Anoop Thatai ceased to be Director on 28 Mar 2020. Chandrika Thatai ceased to be Director on 01 Aug 2017. Aashray Thatai ceased to be Director on 01 Apr 2016. Onward Knitwear Solutions has 7 board changes on record in total.

Yes, Onward Knitwear Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-HR-05-0044626).

Onward Knitwear Solutions has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 9 overdue payments to 2 micro and small suppliers. The latest return was filed on 19 Jan 2023.