About Sara Suole Private Limited
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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 206 cases involving the company, including 120 filed by the company and 86 filed against it; 19 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 7 peer companies in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 2 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.
Company details
Contact details
Sara Suole Private Limited's registered office is in Bangalore, Karnataka. Its website is saragroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address187/3 187/4(A) C K Palya Bannerghatta Road, Sakalavara Post, Bangalore, Karnataka, India – 560083
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Sara Suole 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
Brands
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
The main business activity of Sara Suole 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 Sara Suole Private Limited, buy the company report.
Financials of Sara Suole Private Limited
FY 2025 filings availableSara Suole Private Limited reported revenue of ₹263.82 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹38.91 Cr | ||||
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| Net Profit (PAT) | ₹7.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 14.7% | ||||
| Net Profit Margin | 2.8% | ||||
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To see the full financial statements and ratios of Sara Suole Private Limited, buy the company report.
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
Sara Suole Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers), 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 |
|---|---|---|---|---|---|---|
| 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 | ₹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 Limitedthis company | ₹263.82 Cr (FY 2025) | ₹7.31 Cr | 2.8% | 12.0% | 2,031 | Bangalore, Karnataka, India |
| Campus AI Private Limited | ₹254.89 Cr (FY 2021) | 746.0% | New Delhi, Delhi, India | |||
| Hillson Footwear Private Limited | ₹229.68 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sara Suole Private Limited, buy the company report.
Auditor
Sara Suole Private Limited is audited by KRN BABU AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRN BABU AND ASSOCIATES | FY 2023 | 005350S |
Shareholding
The shareholding of Sara Suole Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sara Suole Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2020 | 100332934 | Sbicap Trustee Company Limited | ₹170.73 Cr | Open | |
| 09 Nov 2020 | 100389573 | State Bank of India | ₹9 Cr | Satisfied | |
| 05 May 2020 | 100334954 | Others | ₹4.5 Cr | Satisfied | |
| 06 Feb 2019 | 100241066 | Hdfc Bank Limited | ₹40 Cr | Satisfied | |
| 27 Sep 2018 | 100267954 | Others | ₹30 Cr | Satisfied |
To see the full charge records of Sara Suole Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
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 |
To see the full deal history of Sara Suole Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sara Suole Private Limited has 206 court cases on record: 120 filed by Sara Suole, 86 filed against it. 19 cases are pending and 187 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 173 | 67 | 9 |
| High courts | 28 | 14 | 9 |
| NCLT | 5 | 5 | 1 |
Cases on record (5 of 206)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Appeal | Filed against the company by M/S Nitco Roadways Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S 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 KLJ Polymers and Chemicals Ltd | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Brescon & Allied Partners LLP | Disposed |
To see the full case history of Sara Suole 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.
Credit ratings & regulatory alerts
Sara Suole Private Limited was last rated by Indiarating on 14 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 14 Apr 2021 |
To see the full credit ratings and regulatory alerts of Sara Suole Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sara Suole Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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 | |
| Ruosh Retail Private Limited | U19200KA2013PTC069831 |
To see the full group structure of Sara Suole Private Limited, buy the company report.
Employees & EPFO
Sara Suole Private Limited has a workforce of 2,031 employees on its EPFO records as of Aug 29, 2024, across 5 active EPFO establishments.
GST
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 |
To see the full GST registrations and return filing status of Sara Suole Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 2 current directors:
- Kayum Razak Dhanani - Managing Director
- Paveet Amin Girishbhai - Director
The latest financial statements of Sara Suole 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 2015 are in the company report.
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 206 court cases on record: 120 filed by the company and 86 filed against it. 19 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 2 more, all in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Bipasha Pal ceased to be Director on 23 Dec 2020. Sana Yusuf Dhanani ceased to be Director on 01 Apr 2019. Sana Yusuf Dhanani was appointed as Director on 29 Jun 2017. Sara Suole has 6 board changes on record in total.
Sara Suole can be reached through the website saragroup.in. Its registered office is in Bangalore, Karnataka, India.