Rushabh Lifestyle Private Limited
About Rushabh Lifestyle Private Limited
Data last updated:
Rushabh Lifestyle Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 March 2013.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2013PTC241360. Its GSTIN is 27AAGCR3411F1ZO (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Pawan Kr Agarwal (Irp/Rp/Liquidator) and Apurva Jayant Shah.
Its last annual general meeting (AGM) was held on 26 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 102 Mahim United Industrial Estate Mogul Lane Mahim West, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2019, the company reported a revenue of ₹70.62 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹2.28 Cr (net margin -323%) and EBITDA of -₹2.19 Cr (EBITDA margin -310.1%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹3.5 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it.
Company details
Contact details
Rushabh Lifestyle Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address102 Mahim United Industrial Estate Mogul Lane Mahim West, Mumbai, Maharashtra, India – 400016
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Rushabh Lifestyle Private 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
Business activity
The main business activity of Rushabh Lifestyle 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 Rushabh Lifestyle Private Limited, buy the company report.
Financials of Rushabh Lifestyle Private Limited
FY 2019 filings availableRushabh Lifestyle Private Limited reported revenue of ₹70.62 Lakh (down 91% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 91% fall in the latest year. EBITDA fell 11% 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 | ₹70.62 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.28 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -310.1% | ||||
| Net Profit Margin | -323% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Rushabh Lifestyle Private Limited, buy the company report.
Board of directors of Rushabh Lifestyle Private Limited
Rushabh Lifestyle has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kr Agarwal | Irp/Rp/Liquidator | 11 Dec 2023 | 2 Years 10 Months | As last reported |
| Apurva Jayant Shah | Director | 26 Mar 2013 | 13 Years 7 Months | As last reported |
| Jayant Vrajlal Shah | Director | 26 Mar 2013 | 13 Years 7 Months | As last reported |
Peer comparison
Rushabh Lifestyle Private Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Branded Wear, Textiles), 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 |
|---|---|---|---|---|---|---|
| Armanack India Private Limited | ₹71.17 Lakh (FY 2024) | 118.0% | Tirupur, Tamil Nadu, India | |||
| Kutsa Cotex Private Limited | ₹70.88 Lakh (FY 2025) | -9.0% | Shirpur, Maharashtra, India | |||
| Rushabh Lifestyle Private Limitedthis company | ₹70.62 Lakh (FY 2019) | -₹2.28 Cr | -323% | -91.0% | Mumbai, Maharashtra, India | |
| Srijan Wood Crafts Private Limited | ₹70.62 Lakh (FY 2025) | 45.0% | Delhi, India | |||
| Nimako Synthetics Private Limited | ₹70.58 Lakh (FY 2025) | -14.0% | Vadodara, Gujarat, India | |||
| Apl Polyfab Pvt.Ltd. | ₹70.55 Lakh (FY 2025) | -24.0% | Kolkata, West Bengal, India | |||
| Baronial Clothing Private Limited | ₹70.49 Lakh (FY 2025) | 43.0% | Gurugram, Haryana, India |
To see the full peer comparison of Rushabh Lifestyle Private Limited, buy the company report.
Auditor
Rushabh Lifestyle Private Limited is audited by AGRAWAL & AGRAWAL ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGRAWAL & AGRAWAL ASSOCIATES | FY 2019 | 116653W |
Shareholding
The shareholding of Rushabh Lifestyle Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rushabh Lifestyle Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2015 | 10567781 | Others | ₹3.5 Cr | Open |
To see the full charge records of Rushabh Lifestyle Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Rushabh Lifestyle Private Limited has 12 court cases on record: 1 filed by Rushabh Lifestyle, 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Encore Asset Reconstruction Company Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S. Suditi Industries Ltd. THR. Prashant Sharma | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by India Infoline Finance Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S. Suditi Industries Ltd. THR. Prashant Sharma | Disposed |
To see the full case history of Rushabh Lifestyle 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rushabh Lifestyle Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rushabh Lifestyle has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCR3411F1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rushabh Lifestyle Private Limited, buy the company report.
Recent activity
Rushabh Lifestyle Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Pawan Kr Agarwal was appointed as Irp/Rp/Liquidator on 11 Dec 2023.
Frequently asked questions
Rushabh Lifestyle is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Rushabh Lifestyle is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 March 2013 and is registered under CIN U51101MH2013PTC241360. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rushabh Lifestyle has 3 current directors:
- Apurva Jayant Shah - Director
- Jayant Vrajlal Shah - Director
- Pawan Kr Agarwal - Irp/Rp/Liquidator
The latest financial statements of Rushabh Lifestyle on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 26 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rushabh Lifestyle is U51101MH2013PTC241360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rushabh Lifestyle has open charges of ₹3.5 Cr and no satisfied charges on record as per latest MCA filings.
Rushabh Lifestyle has 12 court cases on record: 1 filed by the company and 11 filed against it. Most are in the district courts.
Rushabh Lifestyle was incorporated on 26 March 2013. It is registered with the Registrar of Companies, Mumbai.
The peers of Rushabh Lifestyle by revenue are Armanack India Private Limited, Kutsa Cotex Private Limited, Srijan Wood Crafts Private Limited, Nimako Synthetics Private Limited, Apl Polyfab Pvt.Ltd. and 1 more, all in the Apparel industry (Branded Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Pawan Kr Agarwal was appointed as Irp/Rp/Liquidator on 11 Dec 2023. Mayuri Apurva Shah ceased to be Whole-Time Director on 28 Mar 2022. Apurva Jayant Shah was appointed as Director on 26 Mar 2013. Rushabh Lifestyle has 4 board changes on record in total.
The registered office of Rushabh Lifestyle is at 102 Mahim United Industrial Estate Mogul Lane Mahim West, Mumbai, Maharashtra, India – 400016.