About Sara Suole Private Limited
Data last updated:
Sara Suole Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 26 April 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U19119KA2001PTC028955. Its GSTIN is 29AAFCS4682N1ZK (Karnataka). The company holds 16 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹19.86 Cr. It is led by directors Kayum Razak Dhanani (Managing Director) and Paveet Amin Girishbhai.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹263.82 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹7.31 Cr (net margin 2.8%) and EBITDA of ₹38.91 Cr (EBITDA margin 14.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 13% over five years.
The company has about 2,031 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Ruosh and Sara Suole. As per MCA filings, the company has open charges of ₹170.73 Cr and satisfied charges of ₹629.33 Cr on record. Court records list 150 cases involving the company, including 70 filed by the company and 68 filed against it; 15 cases are pending. The company has 14 deals on record (6 funding rounds, 5 secondary share transfers, 3 rights issues), with disclosed funding of ₹35.79 Cr; the latest was in March 2023. Its 10 peer companies in the Consumer Products industry (Footwear Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Jama Corporation Private Limited with revenue of ₹297.96 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 saragroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address187/3 187/4(A) C K Palya Bannerghatta Road, Sakalavara Post, Bangalore, Karnataka, India – 560083
- IndustryConsumer Goods, Footwear Manufacturing
- 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
Associated Brands with Sara Suole Private Limited
Sara Suole operates two associated brands: Ruosh and Sara Suole. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Shoes for Men | ruosh.com | |
| Luxury shoes and leather accessories are retailed by Sara Suole. | saragroup.in |
Business Activity of Sara Suole Private Limited
The main business activity of Sara Suole 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 Sara Suole Private Limited FY 2025 filings available
Sara Suole Private Limited reported revenue of ₹263.82 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sara Suole Private Limited
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 76% 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 Sara Suole Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹38.91 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.31 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 of Sara Suole Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Sara Suole 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.
Board of Directors of Sara Suole Private Limited
Sara Suole has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paveet Amin Girishbhai Also directs: Samar Lifestyle Private Limited, Iconium Leather Works Private Limited, Ruosh Retail Private Limited and 1 more | Director | 16 Aug 2011 | 15 Years 2 Months | Current |
| Kayum Razak Dhanani Also directs: Sayaji Hotels Limited, United Foodbrands Limited, Willow Gourmet Private Limited and 5 more | Managing Director | 30 Mar 2005 | 21 Years 6 Months | Current |
Peer Comparison of Sara Suole Private Limited
Sara Suole Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jama Corporation Private Limited | ₹297.96 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Kanpur, Uttar Pradesh, India |
| Farida Classic Shoes Private Limited | ₹281.76 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Chennai, Tamil Nadu, India |
| Lehar Footwears Limited Listed | ₹277.48 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Jaipur, Rajasthan, India |
| Leiner Shoes Pvt Ltd | ₹267.97 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Glow Shoes Private Limited | ₹266.03 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Sara Suole Private Limited this company | ₹263.82 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Preston India Private Limited | ₹260.51 Cr (FY 2025) | •••• | •••• | 1206.0% | •••• | Karnataka, India |
| Cultsport Private Limited | ₹259.46 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Campus AI Private Limited | ₹254.89 Cr (FY 2021) | •••• | •••• | 746.0% | •••• | New Delhi, Delhi, India |
| SK Nasiruddin Biri Merchants Pvt Ltd | ₹243.99 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| Hillson Footwear Private Limited | ₹229.68 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Sara Suole by revenue in the Consumer Products industry (Footwear Manufacturers), 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 Sara Suole Private Limited
Sara Suole Private Limited is audited by KRN BABU AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRN BABU AND ASSOCIATES | 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.
Ownership and Shareholding of Sara Suole 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 Sara Suole Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Feb 2020 | Sbicap Trustee Company Limited | ₹170.73 Cr | Open |
| 09 Nov 2020 | State Bank of India | ₹9 Cr | Satisfied |
| 05 May 2020 | Others | ₹4.5 Cr | Satisfied |
| 06 Feb 2019 | Hdfc Bank Limited | ₹40 Cr | Satisfied |
| 27 Sep 2018 | Others | ₹30 Cr | Satisfied |
Total charge records: 22 View all charges
Deals & Funding of Sara Suole Private Limited
Sara Suole Private Limited has 14 deals on record (6 funding rounds, 5 secondary share transfers, 3 rights issues), with disclosed funding of ₹35.79 Cr; the latest was in March 2023.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹5.6 Cr | Investors: an individual |
| Nov 2022 | Rights issue | ₹37.93 Cr | Investors: 4 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2018 | Rights issue | ₹15.98 Cr | Investors: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Full deal history
All 14 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sara Suole Private Limited
Sara Suole Private Limited has 150 court cases on record: 70 filed by Sara Suole, 68 filed against it, 12 where it is another party. 15 cases are pending and 135 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 124 | 62 | 8 |
| High courts | 26 | 6 | 7 |
Cases on record (5 of 150)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Renewable Energy Development Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Texon (India) Private Limited | Disposed |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Navkar Techtex Limited | Disposed |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by K L J Polymers and Chemicals Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Conde Nast (India) Private Limited | Disposed |
Full case history
All 150 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 Sara Suole Private Limited
Sara Suole Private Limited has a workforce of 2,031 employees as of Aug 29, 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.
Group Structure of Sara Suole Private Limited
Sara Suole has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Iconium Leather Works Private Limited | U19116KA2015PTC082587 | Locked |
| Ruosh Retail Private Limited | U19200KA2013PTC069831 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Sara Suole Private Limited
Sara Suole Private Limited has 6 board changes on record since 2001: 4 appointments and 2 cessations. The latest: Bipasha Pal ceased to be Director on 23 Dec 2020.
48 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sara Suole 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 Sara Suole 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 Sara Suole 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 Sara Suole Private Limited
Sara Suole has 16 GST registrations: 4 active and 12 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCS4682N1ZK | Karnataka | Active | 01 Jul 2017 |
| 29AAFCS4682N2ZJ | Karnataka | Active | 09 Jul 2017 |
| 33AAFCS4682N2ZU | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAFCS4682N1ZP | Telangana | 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 Sara Suole 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.
Related news about Sara Suole Private Limited
Frequently Asked Questions about Sara Suole Private Limited
Sara Suole is an active private limited company based in Bangalore, Karnataka, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 26 April 2001 (25+ years old) and is registered under CIN U19119KA2001PTC028955.
Sara Suole reported revenue of ₹263.82 Cr for FY 2025 (up 12% YoY).
Sara Suole has 2 current directors:
- Kayum Razak Dhanani - Managing Director
- Paveet Amin Girishbhai - Director
Sara Suole reported a net profit of ₹7.31 Cr (net margin 2.8%) and EBITDA of ₹38.91 Cr (EBITDA margin 14.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sara Suole is -5% over three years and -13% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sara Suole is 29AAFCS4682N1ZK, registered in Karnataka. The company has 16 GST registrations in all, of which 4 are active and 12 are cancelled or inactive. Other active GSTINs include 29AAFCS4682N2ZJ (Karnataka), 33AAFCS4682N2ZU (Tamil Nadu), 36AAFCS4682N1ZP (Telangana).
The CIN (Corporate Identification Number) of Sara Suole is U19119KA2001PTC028955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sara Suole has 150 court cases on record: 70 filed by the company and 68 filed against it. 15 are pending. Most are in the district courts.
Sara Suole was incorporated on 26 April 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
Sara Suole has 14 deals on record (6 funding rounds, 5 secondary share transfers, 3 rights issues), with disclosed funding of ₹35.79 Cr; the latest was in March 2023.
The peers of Sara Suole by revenue are Jama Corporation Private Limited, Farida Classic Shoes Private Limited, Lehar Footwears Limited, Leiner Shoes Pvt Ltd, Glow Shoes Private Limited and 5 more, all in the Consumer Products industry (Footwear Manufacturers).