Saree Palace Private Limited

Saree Palace Private Limited - fashion and textile in Mangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U18101KA2000PTC026534 Incorporated 06 March 2000 ROC Bangalore HQ Mangalore, Karnataka, India
Active Private Limited Company fashion and textile MSME · Small
Data last updated
Revenue · FY 2025
₹11.25 Cr
▲ 12% YoY
Net profit · FY 2025
₹27.11 Lakh
Net margin 2.4%
EBITDA · FY 2025
₹32.39 Lakh
EBITDA margin 2.9%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹23.2 Lakh
Issued & subscribed
Satisfied charges
₹1.2 Cr
No open charges
Company age
26 yrs
Est. 2000
Employees · EPFO
5
Provident fund records

About Saree Palace Private Limited

Data last updated:

Saree Palace Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 06 March 2000 and has been in existence for over 26 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18101KA2000PTC026534. Its GSTIN is 29AAACI9072P1ZT (Karnataka).

The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹23.2 Lakh. It was formerly known as Iqbal Garments Private Limited. It is led by directors including Mohammed Iqbal (Managing Director) and Ullal Abdul Khader.

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 Iind Floor Aysha Towers K.S.Rao Road, Mangalore, Karnataka, India – 575001.

As per the financials filed for FY 2025, the company reported a revenue of ₹11.25 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹27.11 Lakh (net margin 2.4%) and EBITDA of ₹32.39 Lakh (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.

The company has about 5 employees on its provident fund (EPFO) records.

As per MCA filings, the company has satisfied charges of ₹1.2 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.

Saree Palace Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-11-0005704). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U18101KA2000PTC026534
Registration Number 026534
Incorporation Date 06 March 2000
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-11-0005704
Key People
Mohammed Iqbal Managing Director Ullal Abdul Khader Director Fayaz Abdul Khader Director

Recognitions & Rankings of Saree Palace

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-11-0005704

Contact details

Saree Palace Private Limited's registered office is in Mangalore, Karnataka. Its e-mail address is in the company report.

  • Email
  • Registered Address
    Iind Floor Aysha Towers K.S.Rao Road, Mangalore, Karnataka, India – 575001
  • Industry
    Fashion and Textile, Fashion Retail

To see the full contact details of Saree Palace Private Limited, buy the company report.

Comprehensive company report
Saree Palace Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Saree Palace is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Saree Palace Private Limited, buy the company report.

Financials of Saree Palace Private Limited

FY 2025 filings available

Saree Palace Private Limited reported revenue of ₹11.25 Cr (up 12% YoY) for FY 2025.

Revenue · FY 2025
₹11.25 Cr ▲ 12%
Net profit · FY 2025
₹27.11 Lakh margin 2.4%
EBITDA · FY 2025
₹32.39 Lakh margin 2.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 11%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 185%
3 years · compounded
▼ 5%
5 years · compounded
▲ 4%

Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 12% growth in the latest year. EBITDA rose 185% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹32.39 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹27.11 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin2.9%
Net Profit Margin2.4%
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

To see the full financial statements and ratios of Saree Palace Private Limited, buy the company report.

Board of directors of Saree Palace Private Limited

Saree Palace has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Mohammed Iqbal
Also directs: Gold Palace Properties Private Limited, Gold Palace Fashion Ventures Private Limited
Managing Director06 Mar 200026 Years 7 MonthsCurrent
Ullal Abdul Khader
Also directs: Gold Palace Properties Private Limited, Gold Palace Fashion Ventures Private Limited
Director06 Mar 200026 Years 7 MonthsCurrent
Fayaz Abdul KhaderDirector31 Dec 20250 Years 10 MonthsCurrent
View all directors

Peer comparison

Saree Palace Private Limited is compared with the 3 companies closest to it by revenue in the FMCG industry (Apparel Retail and Distribution, Personal Care and Skin Care), with the same principal business activity (retail trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Satyawati Fabchem Private Limited₹11.27 Cr (FY 2016)-11.0%Mumbai, Maharashtra, India
Saree Palace Private Limitedthis company₹11.25 Cr (FY 2025)₹27.11 Lakh2.4%12.0%5Mangalore, Karnataka, India
Shreyshree Selections Private Limited₹11.24 Cr (FY 2024)-4.0%Kolkata, West Bengal, India
Metawear Limited₹11.23 Cr (FY 2025)71.0%Mumbai, Maharashtra, India

To see the full peer comparison of Saree Palace Private Limited, buy the company report.

Auditor

Saree Palace Private Limited is audited by RAO & BASRI for the financial year 2020.

Auditor firmFinancial yearFirm registration number
RAO & BASRIFY 2020005523S

Shareholding

The shareholding of Saree Palace Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Saree Palace Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹1.2 Cr
Breakdown by lending institutions
Others₹1.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Oct 200580053825Others₹1.2 CrSatisfied

To see the full charge records of Saree Palace Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Saree Palace Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Saree Palace Private Limited has a workforce of 5 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.

Employee count
5
Active EPFO establishments
1

GST

Saree Palace has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAACI9072P1ZTKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Saree Palace Private Limited, buy the company report.

Recent activity

Saree Palace Private Limited has 3 board changes on record since 2000: 3 appointments. The latest: Fayaz Abdul Khader was appointed as Director on 31 Dec 2025.

Appointed
Fayaz Abdul Khader was appointed as Director.
AGM
Saree Palace Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Saree Palace Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 03 Oct 2005 via Charge ID 80053825 with Others was fully satisfied on 30 Oct 2024.
Charges
A charge with Others of Rs. 120.00 Lakh registered on 03 Oct 2005 with Charge ID 80053825 was modified on 12 Jun 2020.
Charges
A charge with Others amounted to Rs. 120.00 Lakh with Charge ID 80053825 was registered on 03 Oct 2005.
Appointed
Mohammed Iqbal was appointed as Managing Director.
Appointed
Ullal Abdul Khader was appointed as Director.
Incorporation
06 Mar 2000
Saree Palace Private Limited was registered on 06 Mar 2000 with Roc Bangalore & aged 26 years 8 months as per MCA records.

Frequently asked questions

Saree Palace is an active private limited company based in Mangalore, Karnataka, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 06 March 2000 (26+ years old) and is registered under CIN U18101KA2000PTC026534.

Saree Palace has 3 current directors:

The latest financial statements of Saree Palace 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 Saree Palace is 29AAACI9072P1ZT, registered in Karnataka.

The CIN (Corporate Identification Number) of Saree Palace is U18101KA2000PTC026534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Saree Palace has 1 court case on record: 1 filed by the company.

Saree Palace was incorporated on 06 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of Saree Palace by revenue are Satyawati Fabchem Private Limited, Shreyshree Selections Private Limited, Metawear Limited, all in the FMCG industry (Apparel Retail and Distribution, Personal Care and Skin Care), with the same principal business activity (retail trading).

Fayaz Abdul Khader was appointed as Director on 31 Dec 2025. Mohammed Iqbal was appointed as Managing Director on 06 Mar 2000. Ullal Abdul Khader was appointed as Director on 06 Mar 2000.

Yes, Saree Palace is registered as a small enterprise under Udyam registration (number: UDYAM-KR-11-0005704).

The registered office of Saree Palace is at Iind Floor Aysha Towers K.S.Rao Road, Mangalore, Karnataka, India – 575001.