About Rainbow Denim Limited
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Rainbow Denim Limited is a public limited company based in Patiala, Punjab, India. It operates in the denim and casual wear segment of the fashion and textiles sector. It was incorporated on 08 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L18101PB1999PLC022452. Its GSTIN is 03AABCR6743F1ZM (Punjab). The company holds 3 GST registrations, of which 2 are active. It is recorded as listed by MCA, but trading in its shares on BSE (532441) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹27 Cr and a paid-up capital of ₹13.28 Cr. It is led by directors including Ajay Garg and Ramesh Kumar.
Its last annual general meeting (AGM) was held on 18 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Vill Chaundheri P O Dapparchandigarh Ambala National Highway Teh Rajpura, Patiala, Punjab, India.
As per the financials filed for FY 2019, the company reported a revenue of ₹96.32 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹11.33 Cr (net margin -11.8%) and EBITDA of ₹2.69 Cr (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
The company has about 535 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rainbow Denim. As per MCA filings, the company has open charges of ₹264.77 Cr and satisfied charges of ₹472.16 Cr on record. Court records list 36 cases involving the company, including 23 filed by the company and 14 filed against it; 5 cases are pending. The company has 5 deals on record (5 market trades); the latest was in March 2023. Its 8 peer companies in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 3 smaller; the largest is Pinaz Texfab Private Limited with revenue of ₹170.8 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rainbowdenim.com.
Company details
CIN history
Rainbow Denim has one previous CIN (Corporate Identification Number): U18101PB1999PLC022452. The current CIN is L18101PB1999PLC022452, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L18101PB1999PLC022452 | Current |
| U18101PB1999PLC022452 | Previous |
Contact details
Rainbow Denim Limited's registered office is in Patiala, Punjab. Its website is rainbowdenim.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressVill Chaundheri P O Dapparchandigarh Ambala National Highway Teh Rajpura, Patiala, Punjab, India
- IndustryFashion and Textile, Denim & Casual Wear
To see the full contact details of Rainbow Denim 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
Rainbow Denim operates one associated brand: Rainbow Denim. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Denim fabrics and garments are manufactured by Rainbow Denim. | rainbowdenim.com |
Business activity
The main business activity of Rainbow Denim 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 Rainbow Denim Limited, buy the company report.
Financials of Rainbow Denim Limited
FY 2018 filings availableRainbow Denim Limited reported revenue of ₹96.32 Cr (down 45% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 45% fall in the latest year. EBITDA fell 75% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹96.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.33 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | -11.8% | ||||
| 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 Rainbow Denim Limited, buy the company report.
Board of directors and KMP of Rainbow Denim Limited
Rainbow Denim Limited currently reports 3 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Kumar Goyal | Cfo | 17 Jan 2025 | 1 Years 9 Months | Current |
| Ajay Garg Also directs: Aggarsain Spinners Limited, Rsa Cotspin Private Limited, Fortune Multitech Private Limited and 1 more | Director | 14 Dec 2023 | 2 Years 10 Months | Current |
| Ramesh Kumar Also directs: Aggarsain Spinners Limited, Rsa Cottex Limited, Corestone Industrial Real Estates LLP and 3 more | Additional Director | 02 Sep 2023 | 3 Years 1 Months | Current |
| Sunny Garg Also directs: Aggarsain Spinners Limited, Rsa Cotspin Private Limited, Fortune Multitech Private Limited and 1 more | Additional Director | 02 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Rainbow Denim Limited is compared with the 8 companies closest to it by revenue in the Apparel industry (Denim 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 |
|---|---|---|---|---|---|---|
| Pinaz Texfab Private Limited | ₹170.8 Cr (FY 2025) | -10.0% | Ahmedabad, Gujarat, India | |||
| Indaco Jeans Limited | ₹162.02 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Best Sellers Apparels Private Limited | ₹123.94 Cr (FY 2025) | -5.0% | Manipal, Karnataka, India | |||
| Everblue Apparel Limited | ₹117.56 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Tandhan Cotton Mills Private Limited | ₹116.74 Cr (FY 2025) | 2206.0% | Bagnan, West Bengal, India | |||
| Rainbow Denim Limitedthis company | ₹96.32 Cr (FY 2019) | -₹11.33 Cr | -11.8% | -45.0% | 535 | Patiala, Punjab, India |
| Vaishnavi Global Private Limited | ₹77.11 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Mittal Life Style Limited | ₹73.04 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Sar Denim Private Limited | ₹72.23 Cr (FY 2025) | 5.0% | Ambala, Haryana, India |
To see the full peer comparison of Rainbow Denim Limited, buy the company report.
Auditor
Rainbow Denim Limited is audited by KHANDELWAL & MEHTA LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHANDELWAL & MEHTA LLP | FY 2019 | W100084 |
Shareholding
The shareholding of Rainbow Denim Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rainbow Denim Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2026 | 101307871 | Others | ₹7.5 Cr | Open | |
| 09 Jun 2026 | 101307877 | Others | ₹40 Cr | Open | |
| 09 Jun 2026 | 101307874 | Others | ₹12.29 Cr | Open | |
| 08 Jun 2026 | 101310996 | Hdfc Bank Limited | ₹2.54 Cr | Open | |
| 08 Jun 2026 | 101310999 | Hdfc Bank Limited | ₹1.51 Cr | Open |
To see the full charge records of Rainbow Denim Limited, buy the company report.
Total charge records: 42 View all charges
Deals & funding
Rainbow Denim Limited has 5 deals on record (5 market trades); the latest was in March 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Market trade | ₹4 Lakh | Buyer: an individual |
| Jun 2014 | Market trade | ₹1.8 Lakh | Seller: Idbi Bank Limited |
| Jan 2014 | Market trade | ₹1.1 Lakh | Seller: Idbi Bank Limited |
| Jan 2010 | Market trade | ₹26.5 Lakh | Buyer: an individual Seller: an individual |
| Jan 2008 | Market trade | ₹56 Lakh | Buyer: an individual Seller: Icici Trusteeship Services Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rainbow Denim Limited has 36 court cases on record: 23 filed by Rainbow Denim, 14 filed against it. 5 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 7 | 4 |
| High courts | 9 | 4 | 1 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Execution petition | Filed by the company against M/S Gokaldas Images Private Limited | Pending |
| District court, Raigad, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by From Packaging Systems India Pvt. Ltd. Through Rabhaji Rakhamahi Sahane | Pending |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Rainbow Denim Ltd. | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Dharmendra Kumar Bhasin Liquidator Rainbow Denim Ltd. | Disposed |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by Rama Industries Ltd | Disposed |
To see the full case history of Rainbow Denim 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 Rainbow Denim Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rainbow Denim Limited has a workforce of 535 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Rainbow Denim has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCR6743F1ZM | Punjab | Active | 01 Jul 2017 |
| 27AABCR6743F1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rainbow Denim Limited, buy the company report.
Recent activity
Rainbow Denim Limited has 34 board changes on record since 1999: 19 appointments and 15 cessations. The latest: Rajnish Kumar Goyal was appointed as CFO on 17 Jan 2025.
114 earlier events are in the company report.
Frequently asked questions
Rainbow Denim is an active public limited company based in Patiala, Punjab, India. The company works in denim and casual wear, within the fashion and textile industry. It was incorporated on 08 April 1999 (27+ years old) and is registered under CIN L18101PB1999PLC022452.
Rainbow Denim has 4 current directors and KMP:
- Ajay Garg - Director
- Ramesh Kumar - Additional Director
- Sunny Garg - Additional Director
- Rajnish Kumar Goyal - Cfo
The latest financial statements of Rainbow Denim on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 18 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Rainbow Denim is 03AABCR6743F1ZM, registered in Punjab. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCR6743F1ZC (Maharashtra).
The CIN (Corporate Identification Number) of Rainbow Denim is L18101PB1999PLC022452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rainbow Denim is recorded as a listed company by MCA, but trading in its shares on BSE (532441) has been suspended, so they do not currently trade on a stock exchange.
Rainbow Denim has 36 court cases on record: 23 filed by the company and 14 filed against it. 5 are pending. Most are in the district courts.
Rainbow Denim was incorporated on 08 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
Rainbow Denim has 5 deals on record (5 market trades); the latest was in March 2023.
The peers of Rainbow Denim by revenue are Pinaz Texfab Private Limited, Indaco Jeans Limited, Best Sellers Apparels Private Limited, Everblue Apparel Limited, Tandhan Cotton Mills Private Limited and 3 more, all in the Apparel industry (Denim Wear), with the same principal business activity (textile, leather and other apparel products).
Rajnish Kumar Goyal was appointed as CFO on 17 Jan 2025. Kunal Aggarwal ceased to be Director on 17 May 2024. Ajay Garg was appointed as Director on 14 Dec 2023. Rainbow Denim has 34 board changes on record in total.