Payal Sarees Private Limited
About Payal Sarees Private Limited
Data last updated:
Payal Sarees Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 12 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17115GJ2000PTC038351. Its GSTIN is 24AACCP0636N1ZE (Gujarat).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹71.28 Lakh. It is led by directors Amitkumar Bharatkumar Tulsian and Ankur Shyamsunder Tulsian.
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 J R House Ground Floor Opp Vakharia Market Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2025, the company reported a revenue of ₹40,207, a decline of 91% compared to the previous year. For the same year it recorded a net profit of ₹619 (net margin 1.5%) and EBITDA of ₹28,347 (EBITDA margin 70.5%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 35% over five years.
As per MCA filings, the company has satisfied charges of ₹11.95 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Payal Sarees Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressJ R House Ground Floor Opp Vakharia Market Ring Road, Surat, Gujarat, India – 395002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Payal Sarees 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
Financials of Payal Sarees Private Limited
FY 2025 filings availablePayal Sarees Private Limited reported revenue of ₹40,207 (down 91% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 91% fall in the latest year. EBITDA fell 93% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹28,347 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹619 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 70.5% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Payal Sarees Private Limited, buy the company report.
Board of directors of Payal Sarees Private Limited
Payal Sarees has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amitkumar Bharatkumar Tulsian | Director | 01 Apr 2011 | 15 Years 6 Months | Current |
| Ankur Shyamsunder Tulsian | Director | 16 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Payal Sarees Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Sarees, Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Salasar Balaji Comtrade Private Limited | ₹40,408 (FY 2024) | -95.0% | Adilabad, Telangana, India | |||
| Maru Structures Private Limited | ₹40,300 (FY 2025) | -20.0% | Mumbai, Maharashtra, India | |||
| Payal Sarees Private Limitedthis company | ₹40,207 (FY 2025) | ₹619 | 1.5% | -91.0% | Surat, Gujarat, India | |
| Maharddhi Tracom Private Limited | ₹40,100 (FY 2021) | -12.0% | Bishnupur, West Bengal, India | |||
| Ambika Energies Limited | ₹40,090 (FY 2020) | -46.0% | Mumbai, Maharashtra, India | |||
| Om Shree Sulz Private Limited | ₹40,000 (FY 2025) | -87.0% | Bhilwara, Rajasthan, India | |||
| Kkam Tradecomm Private Limited | ₹40,000 (FY 2025) | Kolkata, West Bengal, India |
To see the full peer comparison of Payal Sarees Private Limited, buy the company report.
Auditor
Payal Sarees Private Limited is audited by KSA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KSA & CO. | FY 2023 | 003822C |
Shareholding
The shareholding of Payal Sarees 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 Payal Sarees Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2011 | 10285324 | The Sutex Co-Operative Bank Limited | ₹5.5 Cr | Satisfied | |
| 18 Nov 2009 | 10190549 | Hdfc Bank Limited | ₹3 Cr | Satisfied | |
| 22 Jan 2002 | 90105139 | The Surat Textile Traders Co-Operative Bank Ltd. | ₹15 Lakh | Satisfied | |
| 15 Oct 2001 | 90105118 | The Surat Textile Traders Co-Operative Bank Ltd. | ₹30 Lakh | Satisfied | |
| 17 Aug 2001 | 90105100 | The Surat Textile Traders Co-Operative Bank Ltd. | ₹50 Lakh | Satisfied |
To see the full charge records of Payal Sarees Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Payal Sarees Private Limited has 5 court cases on record: 2 filed by Payal Sarees, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (RCA) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Court case (SMCST) | Filed against the company by M/S Shreshth Creation and 2 others | Disposed |
| District court, SURAT, Gujarat | Court case (SPCS) | Filed against the company by an individual | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Payal Sarees 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 Payal Sarees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Payal Sarees has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCP0636N1ZE | Gujarat | Active | 14 Jul 2017 |
To see the full GST registrations and return filing status of Payal Sarees Private Limited, buy the company report.
Recent activity
Payal Sarees Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Ankur Shyamsunder Tulsian was appointed as Director on 16 May 2016.
12 earlier events are in the company report.
Frequently asked questions
Payal Sarees is an active private limited company based in Surat, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 12 July 2000 (26+ years old) and is registered under CIN U17115GJ2000PTC038351.
Payal Sarees has 2 current directors:
- Amitkumar Bharatkumar Tulsian - Director
- Ankur Shyamsunder Tulsian - Director
The latest financial statements of Payal Sarees 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 Payal Sarees is 24AACCP0636N1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Payal Sarees is U17115GJ2000PTC038351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal Sarees has 5 court cases on record: 2 filed by the company and 3 filed against it.
Payal Sarees was incorporated on 12 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Payal Sarees by revenue are Sri Salasar Balaji Comtrade Private Limited, Maru Structures Private Limited, Maharddhi Tracom Private Limited, Ambika Energies Limited, Om Shree Sulz Private Limited and 1 more, all in the Consumer Products industry (Sarees, Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Ankur Shyamsunder Tulsian was appointed as Director on 16 May 2016. Sanjaykumar Sajjankumar Jhunjhunwala ceased to be Director on 05 Apr 2016. Anandkumar Jagatvijay Tulsian ceased to be Director on 14 Dec 2013. Payal Sarees has 6 board changes on record in total.
The registered office of Payal Sarees is at J R House Ground Floor Opp Vakharia Market Ring Road, Surat, Gujarat, India – 395002.
Payal Sarees operates in the home and lifestyle industry, in the textile retail and distribution segment.
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