About Oswal Knit India Limited
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Oswal Knit India Limited is a public limited company based in Punjab, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 03 November 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17113PB1992PLC012689.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Jasbir Singh and Dharm Pal Chopra.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Oswal Roadindustrial Area A Ludhiana, Punjab, India.
As per the financials filed for FY 2021, the company reported a revenue of ₹4.36 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net profit of ₹14.81 Cr (net margin 339.8%) and EBITDA of ₹15.46 Cr (EBITDA margin 354.9%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 49% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹77.7 Lakh and satisfied charges of ₹78.42 Cr on record. Court records list 30 cases involving the company, including 6 filed by the company and 24 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website malwagroup.com.
Company details
CIN history
Oswal Knit India has one previous CIN (Corporate Identification Number): L17113PB1992PLC012689. The current CIN is U17113PB1992PLC012689, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17113PB1992PLC012689 | Current |
| L17113PB1992PLC012689 | Previous |
Contact details
Oswal Knit India Limited's registered office is in Punjab. Its website is malwagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOswal Roadindustrial Area A Ludhiana, Punjab, India
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Oswal Knit India 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 Oswal Knit India 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 Oswal Knit India Limited, buy the company report.
Financials of Oswal Knit India Limited
FY 2021 filings availableOswal Knit India Limited reported revenue of ₹4.36 Cr (down 68% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 68% fall in the latest year. EBITDA rose 77% 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 | ₹4.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.81 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 354.9% | ||||
| Net Profit Margin | 339.8% | ||||
| 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 Knit India Limited, buy the company report.
Board of directors of Oswal Knit India Limited
Oswal Knit India has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasbir Singh Also directs: Oswal Garments Limited, Oswal Exim Trade Ltd, Oswal Knitting and Spinning Industries Limited and 5 more | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
| Dharm Pal Chopra | Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Mahesh Parshad Also directs: Oswal Corp Limited, Libra Trading and Investment Co Private Limited, Oswal Garments Limited and 5 more | Additional Director | 10 Feb 2021 | 5 Years 9 Months | Current |
Peer comparison
Oswal Knit India Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Clarius Advisors Private Limited | ₹4.5 Cr (FY 2022) | 63.0% | New Delhi, Delhi, India | |||
| Daya Fashion Private Limited | ₹4.4 Cr (FY 2016) | 27.0% | New Delhi, Delhi, India | |||
| Mahavir Creative Private Limited | ₹4.39 Cr (FY 2025) | -41.0% | New Delhi, Delhi, India | |||
| Oswal Knit India Limitedthis company | ₹4.36 Cr (FY 2021) | ₹14.81 Cr | 339.8% | -68.0% | 54 | Punjab, India |
| Cameo Garments India Private Limited | ₹4.36 Cr (FY 2025) | 8.0% | Tirupur, Tamil Nadu, India | |||
| Royal Touch Overseas Private Limited | ₹4.34 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| Kejriwal Fashions Private Limited | ₹4.33 Cr (FY 2024) | -51.0% | New Delhi, Delhi, India | |||
| Devidhaan Apparels Private Limited | ₹4.32 Cr (FY 2016) | 39.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Oswal Knit India Limited, buy the company report.
Auditor
Oswal Knit India 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 Knit India Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Oswal Knit India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2016 | 10625524 | Others | ₹42.7 Lakh | Open | |
| 29 May 2015 | 10571781 | Dewan Housing Finance Corporation Limited | ₹35 Lakh | Open | |
| 14 Mar 2010 | 10215305 | Punjab National Bank | ₹41.6 Cr | Satisfied | |
| 24 Feb 2010 | 10207470 | Punjab National Bank | ₹1.48 Cr | Satisfied | |
| 15 Mar 1995 | 90177584 | Punjab National Bank | ₹3.75 Cr | Satisfied |
To see the full charge records of Oswal Knit India Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Oswal Knit India Limited has 30 court cases on record: 6 filed by Oswal Knit India, 24 filed against it. 1 case is pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 10 | 1 |
| High courts | 14 | 13 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed against the company by Matrix Cellular Services Pvt Ltd | Disposed |
| District court, Central, Delhi | Court case (LCA) | Filed against the company by an individual | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against Employee State Insurance Corporation | Disposed |
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed by the company against Employees State Insurance Corporation | Disposed |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against Employee State Insurance Corporation | Disposed |
To see the full case history of Oswal Knit India 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
Oswal Knit India Limited was last rated by Care on 24 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Feb 2026 |
To see the full credit ratings and regulatory alerts of Oswal Knit India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Oswal Knit India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Oswal Knit India Limited has a workforce of 54 employees on its EPFO records as of Mar 2018.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 54 |
| FY 2016-17 | |
| FY 2015-16 |
To see the full employee and EPFO history of Oswal Knit India Limited, buy the company report.
GST
No GST registration is on our record for Oswal Knit India Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Oswal Knit India Limited has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Mahesh Parshad was appointed as Additional Director on 10 Feb 2021.
20 earlier events are in the company report.
Frequently asked questions
Oswal Knit India is an active public limited company based in Punjab, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 03 November 1992 (34+ years old) and is registered under CIN U17113PB1992PLC012689.
Oswal Knit India has 3 current directors:
- Jasbir Singh - Director
- Dharm Pal Chopra - Director
- Mahesh Parshad - Additional Director
The latest financial statements of Oswal Knit India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Oswal Knit India is U17113PB1992PLC012689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Knit India has 30 court cases on record: 6 filed by the company and 24 filed against it. 1 is pending. Most are in the district courts.
Oswal Knit India was incorporated on 03 November 1992, making it 34+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Oswal Knit India by revenue are Clarius Advisors Private Limited, Daya Fashion Private Limited, Mahavir Creative Private Limited, Cameo Garments India Private Limited, Royal Touch Overseas Private Limited and 2 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Mahesh Parshad was appointed as Additional Director on 10 Feb 2021. Surinder Vig Kumar ceased to be Director on 10 Feb 2021. Jasbir Singh ceased to be Additional Director on 31 Dec 2020. Oswal Knit India has 12 board changes on record in total.
Oswal Knit India can be reached through the website malwagroup.com. Its registered office is in Punjab, India.
The registered office of Oswal Knit India is at Oswal Roadindustrial Area A Ludhiana, Punjab, India.
Oswal Knit India operates in the fashion and textile industry, in the designer and branded fashion segment.
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