MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0017401
Parag Velvets Private Limited
Parag Velvets Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹25.79 Cr
▼ 11% YoY
Net loss · FY 2024
₹3.67 Cr
Net margin -14.2%
EBITDA · FY 2024
-₹2.19 Cr
EBITDA margin -8.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹44 Lakh
Issued & subscribed
Open charges
₹22.17 Cr
Satisfied ₹62.14 Cr
Company age
50 yrs
Est. 1976
Directors on board
2
As per MCA filings
About Parag Velvets Private Limited
Data last updated:
Parag Velvets Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Silva Trading And Agencies Private Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 May 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17300MH1976PTC019030. Its GSTIN is 27AAACP2147G1ZN (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹44 Lakh. It is led by directors Dhruv Kumar Somani and Dilip Kumar Pandey.
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 158/164 Kalbadevi Roadlaxmi Bhawan, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.79 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹3.67 Cr (net margin -14.2%) and EBITDA of -₹2.19 Cr (EBITDA margin -8.5%). Revenue has grown at a compounded annual rate (CAGR) of 97% over three years and 253% over five years.
As per MCA filings, the company has open charges of ₹22.17 Cr and satisfied charges of ₹62.14 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
Parag Velvets Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0017401). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17300MH1976PTC019030
Registration Number 019030
Incorporation Date 22 May 1976
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Silva Trading And Agencies Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0017401
Recognitions & Rankings of Parag Velvets
Contact details
Parag Velvets Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address158/164 Kalbadevi Roadlaxmi Bhawan, Mumbai, Maharashtra, India – 400002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Parag Velvets Private Limited, buy the company report.
Comprehensive company report
Parag Velvets 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 Parag Velvets 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 Parag Velvets Private Limited, buy the company report.
Financials of Parag Velvets Private Limited
FY 2025 filings availableParag Velvets Private Limited reported revenue of ₹25.79 Cr (down 11% YoY) for FY 2024.
Revenue · FY 2024
₹25.79 Cr ▼ 11%
Net loss · FY 2024
₹3.67 Cr margin -14.2%
EBITDA · FY 2024
-₹2.19 Cr margin -8.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 97%
5 years · compounded
▲ 253%
EBITDA CAGR growth
1 year
▼ 373%
3 years · compounded
▼ 103%
5 years · compounded
▼ 147%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 253%. EBITDA fell 373% 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 | -₹2.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.67 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.5% | ||||
| Net Profit Margin | -14.2% | ||||
| 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 Parag Velvets Private Limited, buy the company report.
Board of directors of Parag Velvets Private Limited
Parag Velvets has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Kumar Somani Also directs: Dhrupad Infra Services LLP, Silva Trading and Agencies LLP, Sukh Karta Textiles Private Limited and 5 more | Director | 30 Apr 2021 | 5 Years 6 Months | Current |
| Dilip Kumar Pandey | Additional Director | 10 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Parag Velvets Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Shobhana Dyeing and Printing Miils Private Limited | ₹25.84 Cr (FY 2024) | 20.0% | Surat, Gujarat, India | |||
| Sudharma Clothing Company Private Limited | ₹25.8 Cr (FY 2024) | 9.0% | Ludhiana, Punjab, India | |||
| Prerana Processors Private Limited | ₹25.79 Cr (FY 2024) | 8.0% | Pandesara Gidc Surat, Gujarat, India | |||
| Parag Velvets Private Limitedthis company | ₹25.79 Cr (FY 2024) | -₹3.67 Cr | -14.2% | -11.0% | Mumbai, Maharashtra, India | |
| Devish Exim Private Limited | ₹25.79 Cr (FY 2024) | -10.0% | Ludhiana, Punjab, India | |||
| Goddess Textiles Private Limited | ₹25.77 Cr (FY 2022) | 52.0% | Coimbatore, Tamil Nadu, India | |||
| Bajaj Silk Fab Private Limited | ₹25.76 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Janaki Cotton Mills Private Limited | ₹25.76 Cr (FY 2025) | -33.0% | Tamil Nadu, India |
To see the full peer comparison of Parag Velvets Private Limited, buy the company report.
Auditor
Parag Velvets Private Limited is audited by Mandhania & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mandhania & Associates | FY 2023 | 114942W |
Shareholding
The shareholding of Parag Velvets 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Parag Velvets Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.17 Cr
Satisfied charges
₹62.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2025 | 101198510 | Others | ₹12.14 Cr | Open | |
| 20 Jun 2022 | 100588939 | Others | ₹8.73 Cr | Open | |
| 14 Aug 1996 | 90186378 | Karnataka Bank Ltd. | ₹1.2 Cr | Open | |
| 16 Feb 1996 | 90186320 | Union Bank of India | ₹2.57 Lakh | Open | |
| 04 Oct 1994 | 90186120 | Union Bank of India | ₹4.5 Lakh | Open |
To see the full charge records of Parag Velvets Private Limited, buy the company report.
Total charge records: 23 View all charges
Legal cases
Parag Velvets Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Parag Velvets 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parag Velvets Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parag Velvets has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP2147G1ZN | Maharashtra | Active | 16 Oct 2020 |
To see the full GST registrations and return filing status of Parag Velvets Private Limited, buy the company report.
Recent activity
Parag Velvets Private Limited has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Dilip Kumar Pandey was appointed as Additional Director on 10 Oct 2025.
Charges
A charge with Others amounted to Rs. 12.14 Cr with Charge ID 101198510 was registered on 28 Nov 2025.
Charges
A charge registered on 08 Aug 2024 via Charge ID 100966842 with Tata Capital Housing Finance Limited was fully satisfied on 26 Nov 2025.
Appointed
Dilip Kumar Pandey was appointed as Additional Director.
AGM
Parag Velvets Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Parag Velvets Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 25 Apr 2014 via Charge ID 10515431 with Karnataka Bank Ltd. was fully satisfied on 04 Feb 2025.
Charges
A charge registered on 13 Sep 2001 via Charge ID 90186873 with Karnataka Bank Ltd. was fully satisfied on 04 Feb 2025.
Charges
A charge registered on 21 Oct 1999 via Charge ID 90184121 with Karnataka Bank Ltd. was fully satisfied on 04 Feb 2025.
Charges
A charge registered on 28 Jun 1998 via Charge ID 90184090 with Karnataka Bank Ltd. was fully satisfied on 04 Feb 2025.
Charges
A charge registered on 04 Feb 1995 via Charge ID 90184004 with Karnataka Bank Ltd. was fully satisfied on 04 Feb 2025.
Charges
A charge registered on 30 Jan 2019 via Charge ID 100243312 with Karnataka Bank Ltd. was fully satisfied on 21 Oct 2024.
Charges
A charge with Karnataka Bank Ltd. of Rs. 0.25 Cr registered on 04 Feb 1995 with Charge ID 90184004 was modified on 21 Oct 2024.
46 earlier events are in the company report.
Frequently asked questions
Parag Velvets is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 May 1976 (50+ years old) and is registered under CIN U17300MH1976PTC019030.
Parag Velvets has 2 current directors:
- Dhruv Kumar Somani - Director
- Dilip Kumar Pandey - Additional Director
The latest financial statements of Parag Velvets 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 Parag Velvets is 27AAACP2147G1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Parag Velvets is U17300MH1976PTC019030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parag Velvets has 2 court cases on record: 2 filed against it. 2 are pending.
Parag Velvets was incorporated on 22 May 1976, making it 50+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Parag Velvets by revenue are Shobhana Dyeing and Printing Miils Private Limited, Sudharma Clothing Company Private Limited, Prerana Processors Private Limited, Devish Exim Private Limited, Goddess Textiles Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Dilip Kumar Pandey was appointed as Additional Director on 10 Oct 2025. Ashish Kumar Suresh Kumar Pandey ceased to be Additional Director on 07 May 2021. Dhruv Kumar Somani was appointed as Director on 30 Apr 2021. Parag Velvets has 11 board changes on record in total.
Yes, Parag Velvets is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0017401).
The registered office of Parag Velvets is at 158164 Kalbadevi Roadlaxmi Bhawan, Mumbai, Maharashtra, India – 400002.
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