MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-13-0020380
Prateek Apparels Private Limited - fashion and textile in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.38 Cr
▼ 87% YoY
Net loss · FY 2023
₹3.79 Cr
Net margin -275%
EBITDA · FY 2023
-₹3.31 Cr
EBITDA margin -240.4%
Authorised capital
₹42 Cr
Registered with MCA
Paid-up capital
₹21 Cr
Issued & subscribed
Open charges
₹106 Cr
Satisfied ₹208.98 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
1,101
Provident fund records
About Prateek Apparels Private Limited
Data last updated:
Prateek Apparels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 10 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PTC016925. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹42 Cr and a paid-up capital of ₹21 Cr. It is led by directors Pradeep Phulchand Agarwal and Ankith Kumar Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.38 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹3.79 Cr (net margin -275%) and EBITDA of -₹3.31 Cr (EBITDA margin -240.4%). Revenue has declined at a compounded annual rate (CAGR) of 85% over three years and 63% over five years.
The company has about 1,101 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Prateek Apparels. As per MCA filings, the company has open charges of ₹106 Cr and satisfied charges of ₹208.98 Cr on record. Court records list 71 cases involving the company, including 40 filed by the company and 31 filed against it; 2 cases are pending. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹85.25 Cr; the latest was in March 2013. Its 5 peer companies in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 3 smaller; the largest is Green Organic Clothing Private Limited with revenue of ₹1.43 Cr. The company has 1 MSME Form 1 return on record for the period ending May 2019, listing 6 overdue payments to 6 micro and small suppliers.
Prateek Apparels Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0020380). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prateekapparels.com.
Company details
CIN U85110KA1995PTC016925
Registration Number 016925
Incorporation Date 10 January 1995
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-13-0020380
CIN history
Prateek Apparels has one previous CIN (Corporate Identification Number): U05190KA1995PTC016925. The current CIN is U85110KA1995PTC016925, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1995PTC016925 | Current |
| U05190KA1995PTC016925 | Previous |
Recognitions & Rankings of Prateek Apparels
Contact details
Prateek Apparels Private Limited's registered office is in Bangalore, Karnataka. Its website is prateekapparels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 17 Hulkul Kubera Lalbagh Road, Sudhamanagar, Bangalore, Karnataka, India – 560027
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Prateek Apparels Private Limited, buy the company report.
Comprehensive company report
Prateek Apparels 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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Brands
Prateek Apparels operates one associated brand: Prateek Apparels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bangalore-based apparel manufacturer | prateekapparels.com |
Business activity
The main business activity of Prateek Apparels 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 Prateek Apparels Private Limited, buy the company report.
Financials of Prateek Apparels Private Limited
FY 2023 filings availablePrateek Apparels Private Limited reported revenue of ₹1.38 Cr (down 87% YoY) for FY 2023.
Revenue · FY 2023
₹1.38 Cr ▼ 87%
Net loss · FY 2023
₹3.79 Cr margin -275%
EBITDA · FY 2023
-₹3.31 Cr margin -240.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 85%
5 years · compounded
▼ 63%
EBITDA CAGR growth
1 year
▲ 89%
3 years · compounded
▼ 31%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 87% fall in the latest year. EBITDA rose 89% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.38 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.79 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -240.4% | ||||
| Net Profit Margin | -275% | ||||
| 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 Prateek Apparels Private Limited, buy the company report.
Board of directors of Prateek Apparels Private Limited
Prateek Apparels has 2 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Phulchand Agarwal Also directs: Grant Infrastructure Private Limited, Astron Developers Private Limited, Phulchand Exports Private Ltd and 2 more | Director | 28 Feb 2007 | 19 Years 7 Months | Current |
| Ankith Kumar Agarwal Also directs: Grant Infrastructure Private Limited, Astron Developers Private Limited, Phulchand Exports Private Ltd and 2 more | Director | 18 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Prateek Apparels Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Green Organic Clothing Private Limited | ₹1.43 Cr (FY 2024) | -18.0% | Ghaziabad, Uttar Pradesh, India | |||
| Akka Clothing Creation Private Limited | ₹1.38 Cr (FY 2025) | 6.0% | Mamallapuram, Tamil Nadu, India | |||
| Prateek Apparels Private Limitedthis company | ₹1.38 Cr (FY 2023) | -₹3.79 Cr | -275% | -87.0% | 1,101 | Bangalore, Karnataka, India |
| Eoa India Private Limited | ₹1.36 Cr (FY 2024) | 14.0% | Tirupur, Tamil Nadu, India | |||
| Umbrella Kids Private Limited | ₹1.34 Cr (FY 2022) | 4028.0% | Tirupur, Tamil Nadu, India | |||
| Noire Designs Private Limited | ₹1.34 Cr (FY 2019) | 13.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Prateek Apparels Private Limited, buy the company report.
Auditor
Prateek Apparels Private Limited is audited by SHANKARLAL JAIN & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANKARLAL JAIN & ASSOCIATES LLP | FY 2023 | 109901W/W100082 |
Shareholding
The shareholding of Prateek Apparels 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 Prateek Apparels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹106 Cr
Satisfied charges
₹208.98 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2011 | 10269595 | Canara Bank | ₹106 Cr | Open | |
| 05 Nov 2016 | 100060613 | Tata Capital Financial Services Limited | ₹5 Cr | Satisfied | |
| 27 Dec 2011 | 10357514 | Bank of Baroda | ₹27 Cr | Satisfied | |
| 04 Oct 2010 | 10251599 | Canara Bank | ₹35 Cr | Satisfied | |
| 28 May 2010 | 10224816 | The Lakshmi Vilas Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of Prateek Apparels Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Prateek Apparels Private Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹85.25 Cr; the latest was in March 2013.
Total deals
9
Secondary share transfers
6
Funding rounds
3
Disclosed funding
₹85.25 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Phulchand Exports Private Ltd Seller: an individual |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2012 | Secondary share transfer | Undisclosed | Buyer: Phulchand Exports Private Ltd Seller: Rivian International Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Networth Trading Pte Ltd, an individual Seller: Seven Islands Shipping Limited , an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Seven Islands Shipping Limited Seller: an individual |
To see the full deal history of Prateek Apparels 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
Prateek Apparels Private Limited has 71 court cases on record: 40 filed by Prateek Apparels, 31 filed against it. 2 cases are pending and 69 are disposed.
Total cases
71
Filed by the company
40
Filed against the company
31
Pending
2
Disposed
69
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 57 | 25 | 1 |
| High courts | 10 | 3 | 0 |
| NCLAT | 2 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Canara Bank | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Canara Bank | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Brand Studio Lifestyle Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Brand Studio Lifestyle Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against State of Maharashtra and Sidbi Venture Capital Ltd. | Disposed |
To see the full case history of Prateek Apparels 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.
Credit ratings & regulatory alerts
Prateek Apparels Private Limited was last rated by Icra on 15 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Jun 2022 |
To see the full credit ratings and regulatory alerts of Prateek Apparels Private Limited, buy the company report.
MSME payment delays
Prateek Apparels Private Limited has 1 MSME Form 1 return on record for the period ending May 2019, listing 6 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| M-Pack | |||
| Mahalakshmi Adhesive Tapes Industry | |||
| Dynamic Internationl | |||
| an individual supplier |
To see the full MSME payment records of Prateek Apparels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Prateek Apparels has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Munch Design Workshop Private Limited | U05190KA2004PTC034048 | |
| Prateek Spintex Limited | U18101KA2007PLC043877 |
To see the full group structure of Prateek Apparels Private Limited, buy the company report.
Employees & EPFO
Prateek Apparels Private Limited has a workforce of 1,101 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
Employee count
1,101
Active EPFO establishments
2
Employee growth
-56.6%
GST
Prateek Apparels has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
3
Cancelled / inactive
3
To see the full GST registrations and return filing status of Prateek Apparels Private Limited, buy the company report.
Recent activity
Prateek Apparels Private Limited has 19 board changes on record since 2007: 2 appointments and 17 cessations. The latest: Ankith Kumar Agarwal ceased to be Additional Director on 29 Sep 2022.
AGM
Prateek Apparels Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Prateek Apparels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Ankith Kumar Agarwal ceased to be Additional Director.
Ceased
Jyoti Laxman Bambade ceased to be Additional Director.
Ceased
Pranav Gadgil ceased to be Company Secretary.
Appointed
Ankith Kumar Agarwal was appointed as Director.
Ceased
Rohit Dugar ceased to be Additional Director.
Ceased
Gopalakrishnan Palangat ceased to be Nominee Director.
Ceased
Sanjay Kajormal Agarwal ceased to be Director.
Charges
A charge registered on 05 Nov 2016 via Charge ID 100060613 with Tata Capital Financial Services Limited was fully satisfied on 09 Jan 2018.
Ceased
Mahesh Tejpal Birla ceased to be Additional Director.
Ceased
Sanjay Dalmia ceased to be Director.
54 earlier events are in the company report.
Frequently asked questions
Prateek Apparels is an active private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 10 January 1995 (31+ years old) and is registered under CIN U85110KA1995PTC016925.
Prateek Apparels has 2 current directors:
- Pradeep Phulchand Agarwal - Director
- Ankith Kumar Agarwal - Director
The latest financial statements of Prateek Apparels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Prateek Apparels has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Prateek Apparels is U85110KA1995PTC016925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prateek Apparels has 71 court cases on record: 40 filed by the company and 31 filed against it. 2 are pending. Most are in the district courts.
Prateek Apparels was incorporated on 10 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Prateek Apparels has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹85.25 Cr; the latest was in March 2013.
The peers of Prateek Apparels by revenue are Green Organic Clothing Private Limited, Akka Clothing Creation Private Limited, Eoa India Private Limited, Umbrella Kids Private Limited, Noire Designs Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Ankith Kumar Agarwal ceased to be Additional Director on 29 Sep 2022. Jyoti Laxman Bambade ceased to be Additional Director on 18 Jul 2022. Pranav Gadgil ceased to be Company Secretary on 31 Jan 2022. Prateek Apparels has 19 board changes on record in total.
Yes, Prateek Apparels is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-13-0020380).
Prateek Apparels has 1 MSME Form 1 return on record for the period ending May 2019, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.