About Priknit Retails Limited
Data last updated:
Priknit Retails Limited is a public limited company based in Ludhiana, Punjab, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 April 2002.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB2002PLC025043. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹6.61 Cr. It was formerly known as Priknit Apparels Limited and Priknit Apparels Private Limited. It is led by directors including Vijay Kumar Ghai (Managing Director) and Mohit Ghaiee (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2012, and its latest financial statements are for the year ended 31 March 2012. The registered office is at B Xxv 539 A 10 Jalandhar Bye Pass Road Ludhiana, Punjab, India.
As per MCA filings, the company has open charges of ₹152.67 Cr and satisfied charges of ₹17.07 Cr on record. Court records list 294 cases involving the company, including 138 filed by the company and 152 filed against it; 32 cases are pending. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹28.76 Cr; the latest was in March 2010.
The last known website on record is priknit.co.in.
Name History of Priknit Retails Limited
Priknit Retails has undergone 3 name changes throughout its history. The company was previously known as Priknit Apparels Limited, Priknit Apparels Private Limited, and Priknit Apparels Limited. The current legal name is Priknit Retails Limited.
| Company Name | Status |
|---|---|
| Priknit Retails Limited | Current |
| Priknit Apparels Limited | Previous |
| Priknit Apparels Private Limited | Previous |
| Priknit Apparels Limited | Previous |
CIN History of Priknit Retails Limited
Priknit Retails has one previous CIN (Corporate Identification Number): U18101PB2002PTC025043. The current CIN is U18101PB2002PLC025043, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101PB2002PLC025043 | Current |
| U18101PB2002PTC025043 | Previous |
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- Registered AddressB Xxv 539 A 10 Jalandhar Bye Pass Road Ludhiana, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Financials of Priknit Retails Limited FY 2012 filings available
Financial Statement Summary of Priknit Retails Limited
| Metrics | FY 2011-12 |
|---|---|
| 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 | •••• |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | •••• |
| 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 of Priknit Retails Limited
| Metrics | FY 2011-12 |
|---|---|
| Profitability | |
| EBITDA Margin | •••• |
| Net Profit Margin | •••• |
| 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 | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Priknit Retails are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Priknit Retails Limited
Priknit Retails has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balwant Rai Bhalla | Director | 30 Nov 2009 | 16 Years 10 Months | As last reported |
| Mohit Ghaiee | Whole-Time Director | 04 Apr 2002 | 24 Years 6 Months | As last reported |
| Vijay Kumar Ghai | Managing Director | 23 Oct 2007 | 18 Years 11 Months | As last reported |
Charges & Borrowings of Priknit Retails Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jan 2009 | Asrec (India) Limited | ₹8 Cr | Open |
| 20 Sep 2008 | State Bank of India | ₹70.8 Cr | Open |
| 12 Aug 2008 | 3I Infotech Trusteeship Services Limited | ₹5 Cr | Open |
| 11 Oct 2006 | State Bank of India | ₹68.87 Cr | Open |
| 11 Oct 2006 | State Bank of India | ₹1 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Priknit Retails Limited
Priknit Retails Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹28.76 Cr; the latest was in March 2010.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Funding round | ₹2.7 Cr | Investors: an individual |
| Aug 2009 | Funding round | ₹5 Cr | Investors: HT Media Limited |
| Mar 2009 | Funding round | ₹2.5 Cr | Investors: Sam Global Securities Limited |
| Dec 2008 | Funding round | ₹11 Cr | Investors: Times Internet Limited |
| Jan 2007 | Funding round | ₹7.56 Cr | Investors: Other- Priknit Retails Limited, 3 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Priknit Retails Limited
Priknit Retails Limited has 294 court cases on record: 138 filed by Priknit Retails, 152 filed against it, 4 where it is another party. 32 cases are pending and 262 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 226 | 116 | 17 |
| High courts | 68 | 36 | 15 |
Cases on record (5 of 294)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Alternate Clothing Company Private Limited | Pending |
| High Court of Delhi | Revision petition | Filed against the company by SMC Global Securities Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Y2k Fashions Private Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Alternate Clothing Company Private Limited | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against P.D. Fashion Private Limited | Disposed |
Full case history
All 294 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Priknit Retails Limited
Employment history and EPFO contributions of people linked to Priknit Retails.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Priknit Retails Limited
Priknit Retails Limited has 9 board changes on record since 2002: 3 appointments and 6 cessations. The latest: Balwant Rai Bhalla ceased to be Additional Director on 30 Sep 2010.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Priknit Retails Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Priknit Retails Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Priknit Retails Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Priknit Retails Limited
Priknit Retails has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Priknit Retails Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Priknit Retails Limited
Priknit Retails is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Priknit Retails is a company under liquidation, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 April 2002 and is registered under CIN U18101PB2002PLC025043. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Priknit Retails has 3 current directors:
- Vijay Kumar Ghai - Managing Director
- Mohit Ghaiee - Whole-Time Director
- Balwant Rai Bhalla - Director
The CIN (Corporate Identification Number) of Priknit Retails is U18101PB2002PLC025043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Priknit Retails has open charges of ₹152.67 Cr and satisfied charges of ₹17.07 Cr as per latest MCA filings.
Priknit Retails has 294 court cases on record: 138 filed by the company and 152 filed against it. 32 are pending. Most are in the district courts.
Priknit Retails was incorporated on 04 April 2002. It is registered with the Registrar of Companies, Chandigarh.
Priknit Retails has 5 deals on record (5 funding rounds), with disclosed funding of ₹28.76 Cr; the latest was in March 2010.
Balwant Rai Bhalla ceased to be Additional Director on 30 Sep 2010. Shashwat Agarwal ceased to be Managing Director on 30 Sep 2010. Balwant Rai Bhalla was appointed as Director on 30 Nov 2009. Priknit Retails has 9 board changes on record in total.
Priknit Retails can be reached through the website priknit.co.in. Its registered office is in Ludhiana, Punjab, India.