About Prafful Overseas Private Limited
Data last updated:
Prafful Overseas Private Limited is a private limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 September 1990.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1990PTC041369. Its GSTIN is 24AAACR0582P1Z5 (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.57 Cr. It was formerly known as Raveesh Overseas Private Limited. It is led by directors including Sri Aggarwal Narain (Managing Director) and Amrish Navinchandra Gandhi (Irp/Rp/Liquidator).
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 349 Ist Floor Naya Katra Chandni Chowk, New Delhi, Delhi, India – 110006.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.56 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹67.93 Cr (net margin -191%) and EBITDA of -₹56.3 Cr (EBITDA margin -158.3%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 37% over five years.
The company has about 188 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prafful. As per MCA filings, the company has open charges of ₹541.82 Cr and satisfied charges of ₹309.92 Cr on record. Court records list 57 cases involving the company, including 1 filed by the company and 56 filed against it; 33 cases are pending. The company has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹46.5 Cr; the latest was in March 2024. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 3 smaller; the largest is Tashi Lhendup Enterprises Private Limited with revenue of ₹35.61 Cr.
The last known website on record is prafful.com.
Company details
Contact details
Prafful Overseas Private Limited's registered office is in New Delhi, Delhi. Its website is prafful.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address349 Ist Floor Naya Katra Chandni Chowk, New Delhi, Delhi, India – 110006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Prafful Overseas 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
Brands
Prafful Overseas operates one associated brand: Prafful. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fashion accessories and ready-to-wear collections in the Indian market. | prafful.com |
Business activity
The main business activity of Prafful Overseas 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 Prafful Overseas Private Limited, buy the company report.
Financials of Prafful Overseas Private Limited
FY 2024 filings availablePrafful Overseas Private Limited reported revenue of ₹35.56 Cr (down 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 88% fall in the latest year. EBITDA rose 58% 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 | -₹56.3 Cr | ||||
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| Net Profit (PAT) | -₹67.93 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -158.3% | ||||
| Net Profit Margin | -191% | ||||
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To see the full financial statements and ratios of Prafful Overseas Private Limited, buy the company report.
Board of directors of Prafful Overseas Private Limited
Prafful Overseas has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sri Aggarwal Narain | Managing Director | 04 Sep 1990 | 36 Years 1 Months | As last reported |
| Amrish Navinchandra Gandhi Also directs: Agsk LLP, Transvoy Logistics India Limited | Irp/Rp/Liquidator | 30 May 2025 | 1 Years 5 Months | As last reported |
| Raveesh Aggarwal | Director | 01 Nov 2006 | 19 Years 11 Months | As last reported |
Peer comparison
Prafful Overseas Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Tashi Lhendup Enterprises Private Limited | ₹35.61 Cr (FY 2025) | 53.0% | Kolkata, West Bengal, India | |||
| Kirti Cottex Private Limited | ₹35.57 Cr (FY 2022) | 26.0% | Gondal, Gujarat, India | |||
| M.P.Agarwal and Co.Private Limited | ₹35.56 Cr (FY 2025) | -8.0% | Uttar Pradesh, India | |||
| Prafful Overseas Private Limitedthis company | ₹35.56 Cr (FY 2025) | -₹67.93 Cr | -191% | -88.0% | 188 | New Delhi, Delhi, India |
| Veejay Terry Products Limited | ₹35.56 Cr (FY 2025) | 33.0% | Coimbatore, Tamil Nadu, India | |||
| Shivarman Overseas Private Limited | ₹35.55 Cr (FY 2024) | -12.0% | Bhiwandi, Maharashtra, India | |||
| Suntex Clothing Limited | ₹35.55 Cr (FY 2024) | 31.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Prafful Overseas Private Limited, buy the company report.
Auditor
Prafful Overseas Private Limited is audited by B R Maheswari & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R Maheswari & Co LLP | FY 2023 | 001035N/N500050 |
Shareholding
The shareholding of Prafful Overseas 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 Prafful Overseas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2023 | 100795287 | Others | ₹15 Cr | Open | |
| 28 Mar 2023 | 100713112 | Others | ₹42.74 Cr | Open | |
| 23 Dec 2022 | 100664723 | Others | ₹5.42 Cr | Open | |
| 25 Feb 2022 | 100553891 | Others | ₹75 Lakh | Open | |
| 30 Jan 2021 | 100422501 | Others | ₹1.5 Cr | Open |
To see the full charge records of Prafful Overseas Private Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Prafful Overseas Private Limited has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹46.5 Cr; the latest was in March 2024.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Geetanjali Vanijya Private Limited , Adlisc Medical India Private Limited , Dhanwantri Agency Private Limited , an individual |
| Mar 2011 | Funding round | ₹3.02 Cr | Investors: Geetanjali Vanijya Private Limited , Adlisc Medical India Private Limited , Dhanwantri Agency Private Limited |
To see the full deal history of Prafful Overseas Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Prafful Overseas Private Limited has 57 court cases on record: 1 filed by Prafful Overseas, 56 filed against it. 33 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 43 | 33 |
| High courts | 14 | 13 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| Madras High Court | Arbitration matter | Filed against the company by Vivriti Capital Limited | Disposed |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed against the company by Patel Javed Mohmmadbhai Poa of Kpig Energia Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Disposed |
| Madras High Court | Original application | Filed against the company by Vivriti Capital Limited | Disposed |
To see the full case history of Prafful Overseas 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 Prafful Overseas Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prafful Overseas Private Limited has a workforce of 188 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Prafful Overseas has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACR0582P1Z5 | Gujarat | Active | 01 Jul 2017 |
| 24AAACR0582P2Z4 | Gujarat | Active | 26 Jul 2017 |
To see the full GST registrations and return filing status of Prafful Overseas Private Limited, buy the company report.
Recent activity
Prafful Overseas Private Limited has 10 board changes on record since 1990: 3 appointments and 7 cessations. The latest: Amrish Navinchandra Gandhi was appointed as Irp/Rp/Liquidator on 30 May 2025.
55 earlier events are in the company report.
Frequently asked questions
Prafful Overseas is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Prafful Overseas is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 September 1990 and is registered under CIN U74899DL1990PTC041369. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prafful Overseas has 3 current directors:
- Sri Aggarwal Narain - Managing Director
- Raveesh Aggarwal - Director
- Amrish Navinchandra Gandhi - Irp/Rp/Liquidator
The latest financial statements of Prafful Overseas 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 CIN (Corporate Identification Number) of Prafful Overseas is U74899DL1990PTC041369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prafful Overseas has open charges of ₹541.82 Cr and satisfied charges of ₹309.92 Cr as per latest MCA filings.
Prafful Overseas has 57 court cases on record: 1 filed by the company and 56 filed against it. 33 are pending. Most are in the district courts.
Prafful Overseas was incorporated on 04 September 1990. It is registered with the Registrar of Companies, Delhi.
Prafful Overseas has 16 deals on record (9 secondary share transfers, 7 funding rounds), with disclosed funding of ₹46.5 Cr; the latest was in March 2024.
The peers of Prafful Overseas by revenue are Tashi Lhendup Enterprises Private Limited, Kirti Cottex Private Limited, M.P.Agarwal and Co.Private Limited, Veejay Terry Products Limited, Shivarman Overseas Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Amrish Navinchandra Gandhi was appointed as Irp/Rp/Liquidator on 30 May 2025. Varun Aggarwal ceased to be Director on 01 Jul 2023. Hiral Jainesh Shah ceased to be Company Secretary on 01 Oct 2021. Prafful Overseas has 10 board changes on record in total.
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