About Project Garments Pvt Ltd
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Project Garments Pvt Ltd is a private limited company based in Ernakulam, Kerala, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 25 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U18101KL1994PTC007792. Its GSTIN is 32AABCP9749D1ZF (Kerala).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹97.8 Lakh. It is led by directors including Digi Alex (Whole-Time Director) and Mathew Mathew Kalapurackal.
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 39/2475 – B1 Suite#306 Lr Towers Sjrra 104 S Janatha Road Palarivattom, Ernakulam, Kerala, India – 682025.
As per the financials filed for FY 2024, the company reported a revenue of ₹68.25 Lakh, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹75.99 Lakh (net margin -111.3%) and EBITDA of -₹89.43 Lakh (EBITDA margin -131%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 34% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Project Garments. As per MCA filings, the company has satisfied charges of ₹70 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website projectgarments.com.
Company details
Contact details
Project Garments Pvt Ltd's registered office is in Ernakulam, Kerala. Its website is projectgarments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address39/2475 – B1 Suite#306 Lr Towers Sjrra 104 S Janatha Road Palarivattom, Ernakulam, Kerala, India – 682025
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Project Garments Pvt Ltd, 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
Project Garments operates one associated brand: Project Garments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Garment manufacturing and export services in India. | projectgarments.com |
Business activity
The main business activity of Project Garments 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 Project Garments Pvt Ltd, buy the company report.
Financials of Project Garments Pvt Ltd
FY 2025 filings availableProject Garments Pvt Ltd reported revenue of ₹68.25 Lakh (down 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 31% fall in the latest year. EBITDA fell 163% 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 |
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| EBITDA | -₹89.43 Lakh | ||||
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| Net Profit (PAT) | -₹75.99 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -131% | ||||
| Net Profit Margin | -111.3% | ||||
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To see the full financial statements and ratios of Project Garments Pvt Ltd, buy the company report.
Board of directors of Project Garments Pvt Ltd
Project Garments has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mathew Mathew Kalapurackal | Director | 25 Mar 1994 | 32 Years 7 Months | Current |
| Digi Alex | Whole-Time Director | 19 Jan 2009 | 17 Years 9 Months | Current |
| Reny Mathew | Additional Director | 27 Aug 2025 | 1 Years 1 Months | Current |
Peer comparison
Project Garments Pvt Ltd is compared with the 4 companies closest to it by revenue in the Apparel industry (Uniform and Work 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 |
|---|---|---|---|---|---|---|
| VJR Tex Private Limited | ₹1.05 Cr (FY 2025) | 10.0% | Kolapakkam, Tamil Nadu, India | |||
| Colourup Uniforms Private Limited | ₹82.96 Lakh (FY 2022) | 35.0% | Coimbatore, Tamil Nadu, India | |||
| Project Garments Pvt Ltdthis company | ₹68.25 Lakh (FY 2024) | -₹75.99 Lakh | -111.3% | -31.0% | 16 | Ernakulam, Kerala, India |
| Unistitch Apparels Private Limited | ₹61.73 Lakh (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Dyg Scholastic Private Limited | ₹60.22 Lakh (FY 2022) | 320.0% | New Delhi, Delhi, India |
To see the full peer comparison of Project Garments Pvt Ltd, buy the company report.
Auditor
Project Garments Pvt Ltd is audited by KAIMAL & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAIMAL & CO | FY 2015 | 001746S |
Shareholding
The shareholding of Project Garments Pvt Ltd is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Project Garments Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2003 | 90019067 | Punjab National Bank | ₹15 Lakh | Satisfied | |
| 20 Jun 2000 | 90017858 | Punjab National Bank | ₹30 Lakh | Satisfied | |
| 28 Feb 1995 | 90016299 | Punjab National Bank | ₹25 Lakh | Satisfied |
To see the full charge records of Project Garments Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Project Garments Pvt Ltd has 2 court cases on record: 2 filed by Project Garments. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Union of India and 3 others | Disposed |
| High Court | Writ petition | Filed by the company against The Development Commissioner,Kakkanad and 1 other | Disposed |
To see the full case history of Project Garments Pvt Ltd, 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 Project Garments Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Project Garments Pvt Ltd has a workforce of 16 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Project Garments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCP9749D1ZF | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Project Garments Pvt Ltd, buy the company report.
Recent activity
Project Garments Pvt Ltd has 6 board changes on record since 1994: 4 appointments and 2 cessations. The latest: Licia Maria Scremin ceased to be Director on 03 Nov 2025.
5 earlier events are in the company report.
Frequently asked questions
Project Garments is an active private limited company based in Ernakulam, Kerala, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 25 March 1994 (32+ years old) and is registered under CIN U18101KL1994PTC007792.
Project Garments has 3 current directors:
- Digi Alex - Whole-Time Director
- Mathew Mathew Kalapurackal - Director
- Reny Mathew - Additional Director
The latest financial statements of Project Garments 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 Project Garments is 32AABCP9749D1ZF, registered in Kerala.
The CIN (Corporate Identification Number) of Project Garments is U18101KL1994PTC007792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Project Garments has 2 court cases on record: 2 filed by the company.
Project Garments was incorporated on 25 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Project Garments by revenue are VJR Tex Private Limited, Colourup Uniforms Private Limited, Unistitch Apparels Private Limited, Dyg Scholastic Private Limited, all in the Apparel industry (Uniform and Work Wear), with the same principal business activity (textile, leather and other apparel products).
Licia Maria Scremin ceased to be Director on 03 Nov 2025. Reny Mathew was appointed as Additional Director on 27 Aug 2025. Digi Alex was appointed as Whole-Time Director on 19 Jan 2009. Project Garments has 6 board changes on record in total.
Project Garments can be reached through the website projectgarments.com. Its registered office is in Ernakulam, Kerala, India.
The registered office of Project Garments is at 392475 – B1 Suite#306 Lr Towers Sjrra 104 S Janatha Road Palarivattom, Ernakulam, Kerala, India – 682025.