DPIIT recognised startup Government of India
Startup India
PT. Garuda Spintex Private Limited
PT. Garuda Spintex Private Limited - e-commerce in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.84 Cr
▲ 979% YoY
Net profit · FY 2025
₹10.62 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹17.36 Lakh
EBITDA margin 0.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9 Lakh
Issued & subscribed
Open charges
₹20 Lakh
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
About PT. Garuda Spintex Private Limited
Data last updated:
PT. Garuda Spintex Private Limited is a private limited company based in Ludhiana, Punjab, India, recognised as a startup by DPIIT. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 30 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB2021PTC053115. Its GSTIN is 03AALCP9047N1ZU (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Munish Kaushik and Tarun Sharma.
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 #60/31 Street No.1 Mann Colony Daba Dhandari Kalan, Ludhiana, Punjab, India – 141014.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.62 Lakh (net margin 0.4%) and EBITDA of ₹17.36 Lakh (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 502% over three years.
As per MCA filings, the company has open charges of ₹20 Lakh on record.
PT. Garuda Spintex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0098512).
Company details
CIN U17299PB2021PTC053115
Registration Number 053115
Incorporation Date 30 March 2021
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-PB-12-0098512
Recognitions & Rankings of PT. Garuda Spintex
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0098512
Contact details
PT. Garuda Spintex Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered Address#60/31 Street No.1 Mann Colony Daba Dhandari Kalan, Ludhiana, Punjab, India – 141014
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of PT. Garuda Spintex Private Limited, buy the company report.
Comprehensive company report
PT. Garuda Spintex 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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Business activity
The main business activity of PT. Garuda Spintex 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 PT. Garuda Spintex Private Limited, buy the company report.
Financials of PT. Garuda Spintex Private Limited
FY 2025 filings availablePT. Garuda Spintex Private Limited reported revenue of ₹24.84 Cr (up 979% YoY) for FY 2025.
Revenue · FY 2025
₹24.84 Cr ▲ 979%
Net profit · FY 2025
₹10.62 Lakh margin 0.4%
EBITDA · FY 2025
₹17.36 Lakh margin 0.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 979%
3 years · compounded
▲ 502%
EBITDA CAGR growth
1 year
▲ 96%
3 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 502% over three years, including 979% growth in the latest year. EBITDA rose 96% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.36 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.62 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 PT. Garuda Spintex Private Limited, buy the company report.
Board of directors of PT. Garuda Spintex Private Limited
PT. Garuda Spintex has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munish Kaushik | Director | 30 Mar 2021 | 5 Years 7 Months | Current |
| Tarun Sharma | Director | 01 Feb 2023 | 3 Years 9 Months | Current |
| Akshay Ahuja | Director | 01 Feb 2023 | 3 Years 9 Months | Current |
| Arun Kumar Sharma | Additional Director | 16 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
PT. Garuda Spintex Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Apparel), 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 |
|---|---|---|---|---|---|---|
| Pashtush India Private Limited | ₹25.4 Cr (FY 2024) | 38.0% | Amritsar, Punjab, India | |||
| Apparel Attire Private Limited | ₹25.1 Cr (FY 2024) | 31.0% | Karnal, Haryana, India | |||
| Shivgange Sarees Private Limited | ₹25.07 Cr (FY 2025) | 28.0% | Surat, Gujarat, India | |||
| PT. Garuda Spintex Private Limitedthis company | ₹24.84 Cr (FY 2025) | ₹10.62 Lakh | 0.4% | 979.0% | Ludhiana, Punjab, India | |
| Shreenidhi Apparel Private Limited | ₹24.26 Cr (FY 2025) | 18.0% | Tirupur, Tamil Nadu, India | |||
| Tailors Point Private Limited | ₹24.19 Cr (FY 2024) | 9.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of PT. Garuda Spintex Private Limited, buy the company report.
Auditor
PT. Garuda Spintex Private Limited is audited by Sharma Gaurav & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sharma Gaurav & Associates | FY 2023 | 037454N |
Shareholding
The shareholding of PT. Garuda Spintex Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of PT. Garuda Spintex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2025 | 101095327 | Others | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving PT. Garuda Spintex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for PT. Garuda Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
PT. Garuda Spintex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AALCP9047N1ZU | Punjab | Active | 10 Mar 2022 |
To see the full GST registrations and return filing status of PT. Garuda Spintex Private Limited, buy the company report.
Recent activity
PT. Garuda Spintex Private Limited has 11 board changes on record since 2021: 5 appointments and 6 cessations. The latest: Sahil Kalia ceased to be Additional Director on 30 Jan 2025.
AGM
Pt. Garuda Spintex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Pt. Garuda Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 101095327 was registered on 29 Mar 2025.
Ceased
Sahil Kalia ceased to be Additional Director.
Ceased
Veneet Sayyer ceased to be Additional Director.
Appointed
Arun Kumar Sharma was appointed as Additional Director.
Ceased
Shubh Chintak ceased to be Director.
Ceased
Akshay Ahuja ceased to be Additional Director.
Ceased
Tarun Sharma ceased to be Additional Director.
Ceased
Harpreet Singh Kalra ceased to be Director.
Appointed
Akshay Ahuja was appointed as Director.
Appointed
Tarun Sharma was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
PT. Garuda Spintex is an active private limited company based in Ludhiana, Punjab, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 30 March 2021 (5+ years old) and is registered under CIN U17299PB2021PTC053115.
PT. Garuda Spintex has 4 current directors:
- Munish Kaushik - Director
- Tarun Sharma - Director
- Akshay Ahuja - Director
- Arun Kumar Sharma - Additional Director
The latest financial statements of PT. Garuda Spintex 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 FY 2021 are in the company report.
The GSTIN of PT. Garuda Spintex is 03AALCP9047N1ZU, registered in Punjab.
The CIN (Corporate Identification Number) of PT. Garuda Spintex is U17299PB2021PTC053115. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
PT. Garuda Spintex was incorporated on 30 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of PT. Garuda Spintex by revenue are Pashtush India Private Limited, Apparel Attire Private Limited, Shivgange Sarees Private Limited, Shreenidhi Apparel Private Limited, Tailors Point Private Limited, all in the Ecommerce and Internet industry (Apparel), with the same principal business activity (textile, leather and other apparel products).
Sahil Kalia ceased to be Additional Director on 30 Jan 2025. Veneet Sayyer ceased to be Additional Director on 30 Jan 2025. Arun Kumar Sharma was appointed as Additional Director on 16 Jan 2025. PT. Garuda Spintex has 11 board changes on record in total.
Yes, PT. Garuda Spintex is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, PT. Garuda Spintex is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0098512).
The registered office of PT. Garuda Spintex is at #6031 Street No.1 Mann Colony Daba Dhandari Kalan, Ludhiana, Punjab, India – 141014.
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