About Saraswati Utpadan Pvt Ltd
Data last updated:
Saraswati Utpadan Pvt Ltd is a private limited company based in Jalandhar, Punjab, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 22 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U25199PB1993PTC013742. Its GSTIN is 03AAGCS4847L1Z2 (Punjab).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹23 Lakh. It is led by directors including Dilbagh Singh (Managing Director) and Amandeep Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Dhogri Road Alawalpur, Jalandhar, Punjab, India – 144301.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.86 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹63.95 Lakh (net margin 2.9%) and EBITDA of ₹1.47 Cr (EBITDA margin 6.7%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company has about 105 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹9.42 Cr on record. Court records list 16 cases involving the company, including 7 filed by the company and 9 filed against it; 2 cases are 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 saraswatiutpadan.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressDhogri Road Alawalpur, Jalandhar, Punjab, India – 144301
- 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
Business Activity of Saraswati Utpadan Pvt Ltd
The main business activity of Saraswati Utpadan is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal 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 Saraswati Utpadan Pvt Ltd FY 2024 filings available
Saraswati Utpadan Pvt Ltd reported revenue of ₹21.86 Cr (down 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Saraswati Utpadan Pvt Ltd
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 23% fall in the latest year. EBITDA fell 29% 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 Saraswati Utpadan Pvt Ltd
| 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 | ₹1.47 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹63.95 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 Saraswati Utpadan Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| 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 Saraswati Utpadan 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 Saraswati Utpadan Pvt Ltd
Saraswati Utpadan Pvt Ltd 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 |
|---|---|---|---|---|---|---|
| Rexona Footwears Private Limited | ₹22.11 Cr (FY 2025) | •••• | •••• | 256.0% | •••• | New Delhi, Delhi, India |
| Future Well Shoes Private Limited | ₹22.07 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Vellore, Tamil Nadu, India |
| Radiant Moulds and Compounds Pvt Ltd | ₹22.07 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Kozhikode, Kerala, India |
| Volant Shoes Private Limited | ₹22.04 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Malappuram, Kerala, India |
| Port Ind Shoe Accessories Private Limited | ₹21.97 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Chennai, Tamil Nadu, India |
| Saraswati Utpadan Pvt Ltd this company | ₹21.86 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Jalandhar, Punjab, India |
| Shoes World India Private Limited | ₹21.83 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Delhi, India |
| R2 Sportswear Private Limited | ₹21.71 Cr (FY 2025) | •••• | •••• | 138.0% | •••• | Vaniyambadi, Tamil Nadu, India |
| Phoniex Shoes Private Limited | ₹21.68 Cr (FY 2025) | •••• | •••• | 418.0% | •••• | Hyderabad, Telangana, India |
| Globalite Industries Private Limited | ₹21.53 Cr (FY 2018) | •••• | •••• | -21.0% | •••• | Delhi, India |
| G N P Apparels Private Limited | ₹21.36 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Saraswati Utpadan 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 Saraswati Utpadan Pvt Ltd
Saraswati Utpadan Pvt Ltd is audited by K.BHAGAT &CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.BHAGAT &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 Saraswati Utpadan Pvt Ltd
Saraswati Utpadan has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilbagh Singh | Managing Director | 22 Sep 1993 | 33 Years 0 Months | Current |
| Amandeep Singh | Whole-Time Director | 26 Aug 2015 | 11 Years 1 Months | Current |
| Sarandeep Singh | Whole-Time Director | 26 Aug 2015 | 11 Years 1 Months | Current |
Ownership and Shareholding of Saraswati Utpadan Pvt Ltd
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 Saraswati Utpadan Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2021 | Hdfc Bank Limited | ₹4 Cr | Open |
| 23 Nov 2016 | Others | ₹25 Lakh | Satisfied |
| 30 Nov 2015 | Others | ₹3.5 Cr | Satisfied |
| 15 Oct 2015 | Punjab National Bank | ₹1 Cr | Satisfied |
| 05 Jan 2015 | Hdfc Bank Limited | ₹2.57 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Saraswati Utpadan Pvt Ltd
Saraswati Utpadan Pvt Ltd has 16 court cases on record: 7 filed by Saraswati Utpadan, 9 filed against it. 2 cases are pending and 14 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 6 | 1 |
| District courts | 8 | 3 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Civil miscellaneous application | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Appeal | Filed by the company against an individual | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Punjab | Disposed |
| District court, Jalandhar, Punjab | Civil miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Jalandhar, Punjab | Court case (TA CIVIL) | Filed against the company by an individual | Disposed |
Full case history
All 16 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.
MSME Payment Delays by Saraswati Utpadan Pvt Ltd
Saraswati Utpadan Pvt Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 43 overdue payments to 28 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Dewan Trading Company | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Arora Box Factory | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Saraswati Utpadan Pvt Ltd
Saraswati Utpadan Pvt Ltd has a workforce of 105 employees as of Apr 08, 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 Saraswati Utpadan Pvt Ltd
Saraswati Utpadan Pvt Ltd has 10 board changes on record since 1993: 3 appointments and 7 cessations. The latest: Jaswinder Kaur ceased to be Director on 07 Aug 2020.
22 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Saraswati Utpadan Pvt Ltd
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.
Subsidiaries & Group Companies of Saraswati Utpadan Pvt Ltd
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 Saraswati Utpadan Pvt Ltd
Saraswati Utpadan has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCS4847L1Z2 | 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 Saraswati Utpadan Pvt Ltd
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 Saraswati Utpadan Pvt Ltd
Saraswati Utpadan is an active private limited company based in Jalandhar, Punjab, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 22 September 1993 (33+ years old) and is registered under CIN U25199PB1993PTC013742.
Saraswati Utpadan reported revenue of ₹21.86 Cr for FY 2024 (down 23% YoY).
Saraswati Utpadan has 3 current directors:
- Dilbagh Singh - Managing Director
- Amandeep Singh - Whole-Time Director
- Sarandeep Singh - Whole-Time Director
Saraswati Utpadan reported a net profit of ₹63.95 Lakh (net margin 2.9%) and EBITDA of ₹1.47 Cr (EBITDA margin 6.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Saraswati Utpadan is -9% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Saraswati Utpadan is 03AAGCS4847L1Z2, registered in Punjab.
The CIN (Corporate Identification Number) of Saraswati Utpadan is U25199PB1993PTC013742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saraswati Utpadan has 16 court cases on record: 7 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
Saraswati Utpadan was incorporated on 22 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Saraswati Utpadan by revenue are Rexona Footwears Private Limited, Future Well Shoes Private Limited, Radiant Moulds and Compounds Pvt Ltd, Volant Shoes Private Limited, Port Ind Shoe Accessories Private Limited and 5 more, all in the Consumer Products industry (Footwear Manufacturers).
Jaswinder Kaur ceased to be Director on 07 Aug 2020. Amandeep Singh ceased to be Director on 01 Sep 2015. Dilbagh Singh ceased to be Director on 01 Sep 2015. Saraswati Utpadan has 10 board changes on record in total.
Saraswati Utpadan has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 43 overdue payments to 28 micro and small suppliers. The latest return was filed on 29 May 2019.