MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-PB-12-0124680
Oswal Garments Limited
Oswal Garments Limited - home & lifestyle in Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹1.36 Cr
▼ 71% YoY
Net loss · FY 2021
₹11.56 Lakh
Net margin -8.5%
EBITDA · FY 2021
-₹4.4 Lakh
EBITDA margin -3.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹46.72 Lakh
Issued & subscribed
Open charges
₹2.7 Cr
Satisfied ₹17.5 Cr
Company age
34 yrs
Est. 1992
Directors on board
3
As per MCA filings
About Oswal Garments Limited
Data last updated:
Oswal Garments Limited is a public limited company based in Punjab, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 29 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17119PB1992PLC012868. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46.72 Lakh. It is led by directors including Jasbir Singh and Mahesh Parshad.
Its last annual general meeting (AGM) was held on 27 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Industrial Area Adistt Ludhiana, Punjab, India.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.36 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹11.56 Lakh (net margin -8.5%) and EBITDA of -₹4.4 Lakh (EBITDA margin -3.2%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 58% over five years.
As per MCA filings, the company has open charges of ₹2.7 Cr and satisfied charges of ₹17.5 Cr on record.
Oswal Garments Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0124680). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17119PB1992PLC012868
Registration Number 012868
Incorporation Date 29 December 1992
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-PB-12-0124680
CIN history
Oswal Garments has one previous CIN (Corporate Identification Number): L17119PB1992PLC012868. The current CIN is U17119PB1992PLC012868, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119PB1992PLC012868 | Current |
| L17119PB1992PLC012868 | Previous |
Recognitions & Rankings of Oswal Garments
Contact details
Oswal Garments Limited's registered office is in Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressIndustrial Area Adistt Ludhiana, Punjab, India
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Oswal Garments Limited, buy the company report.
Comprehensive company report
Oswal Garments 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Oswal Garments is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
Financials of Oswal Garments Limited
FY 2021 filings availableOswal Garments Limited reported revenue of ₹1.36 Cr (down 71% YoY) for FY 2021.
Revenue · FY 2021
₹1.36 Cr ▼ 71%
Net loss · FY 2021
₹11.56 Lakh margin -8.5%
EBITDA · FY 2021
-₹4.4 Lakh margin -3.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 71%
3 years · compounded
▼ 56%
5 years · compounded
▼ 58%
EBITDA CAGR growth
1 year
▲ 97%
3 years · compounded
▲ 56%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 71% fall in the latest year. EBITDA rose 97% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.4 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.56 Lakh | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.2% | ||||
| Net Profit Margin | -8.5% | ||||
| 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 Oswal Garments Limited, buy the company report.
Board of directors of Oswal Garments Limited
Oswal Garments has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukhdev Sharma Also directs: Oswal Exim Trade Ltd, Harryson Textiles Private Limited | Additional Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Jasbir Singh Also directs: Oswal Knit India Limited, Oswal Exim Trade Ltd, Oswal Knitting and Spinning Industries Limited and 5 more | Director | 30 Jul 2014 | 12 Years 2 Months | Current |
| Mahesh Parshad Also directs: Oswal Corp Limited, Libra Trading and Investment Co Private Limited, Oswal Knit India Limited and 5 more | Director | 03 Sep 2015 | 11 Years 1 Months | Current |
Auditor
Oswal Garments Limited is audited by S. C. V. & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. C. V. & Co. LLP | FY 2021 | 000235N/N500089 |
Shareholding
The shareholding of Oswal Garments Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Oswal Garments Limited, buy the company report.
Charges & borrowings
Open charges
₹2.7 Cr
Satisfied charges
₹17.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 1999 | 90177971 | Punjab State Industrial Developent | ₹1 Cr | Open | |
| 02 Jun 1998 | 90177905 | Punjab State Industrial Developent | ₹1.1 Cr | Open | |
| 02 Feb 1994 | 90177458 | Punjab State Industrial Developent | ₹60 Lakh | Open | |
| 21 Dec 2007 | 10082033 | Punjab National Bank | ₹17.5 Cr | Satisfied |
To see the full charge records of Oswal Garments Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Oswal Garments 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 Oswal Garments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Oswal Garments has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Oswal Garments Limited, buy the company report.
Recent activity
Oswal Garments Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Sukhdev Sharma was appointed as Additional Director on 15 Jul 2024.
Appointed
Sukhdev Sharma was appointed as Additional Director.
AGM
Oswal Garments Limited last Annual general meeting of members was held on 27 Nov 2021 as per latest MCA records.
Filing
Oswal Garments Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chandigarh.
Ceased
Yash Pal Sharma ceased to be Additional Director.
Ceased
Manish Mahajan ceased to be Additional Director.
Ceased
Avinash Kalia ceased to be Director.
Ceased
Dimpy Oswal ceased to be Director.
Ceased
Kanishka Oswal ceased to be Director.
Appointed
Mahesh Parshad was appointed as Director.
Ceased
Parveen Setia ceased to be Director.
Appointed
Jasbir Singh was appointed as Director.
Charges
A charge registered on 21 Dec 2007 via Charge ID 10082033 with Punjab National Bank was fully satisfied on 25 Jul 2014.
7 earlier events are in the company report.
Frequently asked questions
Oswal Garments is an active public limited company based in Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 29 December 1992 (34+ years old) and is registered under CIN U17119PB1992PLC012868.
Oswal Garments has 3 current directors:
- Sukhdev Sharma - Additional Director
- Jasbir Singh - Director
- Mahesh Parshad - Director
The latest financial statements of Oswal Garments on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 27 November 2021. Year-wise statements from 2015 are in the company report.
No. Oswal Garments has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Oswal Garments is U17119PB1992PLC012868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Garments was incorporated on 29 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chandigarh.
Sukhdev Sharma was appointed as Additional Director on 15 Jul 2024. Yash Pal Sharma ceased to be Additional Director on 30 Sep 2019. Manish Mahajan ceased to be Additional Director on 05 Jan 2019. Oswal Garments has 10 board changes on record in total.
Yes, Oswal Garments is registered as a micro enterprise under Udyam registration (number: UDYAM-PB-12-0124680).
The registered office of Oswal Garments is at Industrial Area Adistt Ludhiana, Punjab, India.
Oswal Garments operates in the home and lifestyle industry, in the textile retail and distribution segment.