About Saggi Knits Private Limited
Data last updated:
Saggi Knits Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18109PB2010PTC034011. Its GSTIN is 03AAPCS5411H1ZG (Punjab).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Ashish Kumar (Managing Director) and Manoj Kumar.
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 B – II – 743 Adj Dal Mills S. Manna Singh Nagar G T Road West, Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.79 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹32.99 Lakh (net margin 1%) and EBITDA of ₹2.42 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 6% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.8 Cr and satisfied charges of ₹13.78 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saggiknit.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – II – 743 Adj Dal Mills S. Manna Singh Nagar G T Road West, Ludhiana, Punjab, India – 141008
- 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
Business Activity of Saggi Knits Private Limited
The main business activity of Saggi Knits is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Saggi Knits Private Limited FY 2025 filings available
Saggi Knits Private Limited reported revenue of ₹33.79 Cr (down 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Saggi Knits Private Limited
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA rose 1% 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 of Saggi Knits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.42 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹32.99 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 of Saggi Knits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Saggi Knits 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.
Peer Comparison of Saggi Knits Private Limited
Saggi Knits Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Netflex (India) Private Limited | ₹33.82 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Asm Knitwears Private Limited | ₹33.8 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Tirupur, Tamil Nadu, India |
| Kamakshi Colors Private Limited | ₹33.8 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Thane, Maharashtra, India |
| Jaybharat Textiles and Real Estate Limited | ₹33.79 Cr (FY 2019) | •••• | •••• | -76.0% | •••• | Valsad, Gujarat, India |
| D2d International Private Limited | ₹33.79 Cr (FY 2024) | •••• | •••• | 59.0% | •••• | Tirupur, Tamil Nadu, India |
| Saggi Knits Private Limited this company | ₹33.79 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Ludhiana, Punjab, India |
| Kakatiya Textiles Ltd Listed | ₹33.78 Cr (FY 2025) | •••• | •••• | 3877.0% | •••• | Tanuku, Andhra Pradesh, India |
| India Terry Towels Private Limited | ₹33.75 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| Srushti Exports (India) Private Limited | ₹33.73 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
| Indyatex Clothing Private Limited | ₹33.72 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Delhi, India |
| Sreevasa Spinners Private Limited | ₹33.72 Cr (FY 2025) | •••• | •••• | 1455.0% | •••• | Katavaram Village, Telangana, India |
Peers are the five companies nearest above and the five nearest below Saggi Knits by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Saggi Knits Private Limited
Saggi Knits Private Limited is audited by SUBASH VIPAN & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUBASH VIPAN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Saggi Knits Private Limited
Saggi Knits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Kumar Also directs: Smag Retails Private Limited | Managing Director | 16 Jun 2010 | 16 Years 3 Months | Current |
| Manoj Kumar | Director | 16 Jun 2010 | 16 Years 3 Months | Current |
| Jatinder Kumar | Director | 16 Jun 2010 | 16 Years 3 Months | Current |
| Vikas Kharbanda Also directs: Smag Retails Private Limited | Director | 16 Jun 2010 | 16 Years 3 Months | Current |
Ownership and Shareholding of Saggi Knits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Saggi Knits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2023 | Hdfc Bank Limited | ₹90 Lakh | Open |
| 30 Oct 2020 | Hdfc Bank Limited | ₹14.98 Lakh | Open |
| 01 Jun 2019 | Axis Bank Limited | ₹24.93 Lakh | Open |
| 17 Dec 2016 | Others | ₹5.5 Cr | Open |
| 16 Feb 2012 | Indusind Bank Ltd. | ₹8.55 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Saggi Knits Private Limited
Saggi Knits Private Limited has 1 court case on record: 1 filed by Saggi Knits. All case is pending. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against Mayasheel Retail India Limited | Pending |
Full case history
All 1 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 Saggi Knits Private Limited
Saggi Knits Private Limited has a workforce of 17 employees as of Apr 07, 2024.
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 Saggi Knits Private Limited
Saggi Knits Private Limited has 4 board changes on record since 2010: 4 appointments. The latest: Ashish Kumar was appointed as Managing Director on 16 Jun 2010.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Saggi Knits Private 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 Saggi Knits Private 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 Saggi Knits Private 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 Saggi Knits Private Limited
Saggi Knits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAPCS5411H1ZG | Punjab | Active | 01 Jul 2017 |
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 Saggi Knits Private 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 Saggi Knits Private Limited
Saggi Knits is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 June 2010 (16+ years old) and is registered under CIN U18109PB2010PTC034011.
Saggi Knits reported revenue of ₹33.79 Cr for FY 2024 (down 13% YoY).
Saggi Knits has 4 current directors:
- Ashish Kumar - Managing Director
- Manoj Kumar - Director
- Jatinder Kumar - Director
- Vikas Kharbanda - Director
Saggi Knits reported a net profit of ₹32.99 Lakh (net margin 1%) and EBITDA of ₹2.42 Cr (EBITDA margin 7.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Saggi Knits is 18% over three years and 6% over five years. In the latest year (FY 2024) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Saggi Knits is 03AAPCS5411H1ZG, registered in Punjab.
The CIN (Corporate Identification Number) of Saggi Knits is U18109PB2010PTC034011. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saggi Knits has 1 court case on record: 1 filed by the company. 1 is pending.
Saggi Knits was incorporated on 16 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Saggi Knits by revenue are Netflex (India) Private Limited, Asm Knitwears Private Limited, Kamakshi Colors Private Limited, Jaybharat Textiles and Real Estate Limited, D2d International Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Ashish Kumar was appointed as Managing Director on 16 Jun 2010. Jatinder Kumar was appointed as Director on 16 Jun 2010. Manoj Kumar was appointed as Director on 16 Jun 2010. Saggi Knits has 4 board changes on record in total.