About Shoe Variants Private Limited
Data last updated:
Shoe Variants Private Limited 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 21 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U19200PB2014PTC038417. Its GSTIN is 03AAUCS3130L1Z6 (Punjab).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Varun Mehta (Managing Director) and Rajesh Kharabanda.
Its last annual general meeting (AGM) was held on 18 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 399 Leather Complex Kapurthala Road, Jalandhar, Punjab, India – 144001.
As per the financials filed for FY 2025, the company reported a revenue of ₹102.66 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹5.81 Cr (net margin 5.7%) and EBITDA of ₹14.39 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 13% over five years.
The company has about 1,619 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shoe Variants. As per MCA filings, the company has open charges of ₹21.23 Cr and satisfied charges of ₹8 Cr on record. Court records list 15 cases involving the company, including 14 filed by the company; 9 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.8 Cr; the latest was in October 2023. Its 10 peer companies in the Consumer Products industry (Footwear Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is K.A.S Industries India Private Limited with revenue of ₹122.44 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,674 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shoevariants.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address399 Leather Complex Kapurthala Road, Jalandhar, Punjab, India – 144001
- 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 Shoe Variants Private Limited
The main business activity of Shoe Variants 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 Shoe Variants Private Limited FY 2024 filings available
Shoe Variants Private Limited reported revenue of ₹102.66 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shoe Variants Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 4% 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 Shoe Variants 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 | ₹14.39 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.81 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 Shoe Variants Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.7% | •••• | •••• | •••• | •••• |
| 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 Shoe Variants 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 Shoe Variants Private Limited
Shoe Variants 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 |
|---|---|---|---|---|---|---|
| K.A.S Industries India Private Limited | ₹122.44 Cr (FY 2021) | •••• | •••• | -10.0% | •••• | Erode, Tamil Nadu, India |
| Alert India Private Limited | ₹119.11 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Delhi, India |
| Catmoss Retail Private Limited | ₹116.03 Cr (FY 2009) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| Tara Footwears Private Limited | ₹111.76 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Srijati Shoes Private Limited | ₹105.8 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Uttar Pradesh, India |
| Shoe Variants Private Limited this company | ₹102.66 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Jalandhar, Punjab, India |
| Delta Shoes Private Limited | ₹101.48 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Vaniyambadi, Tamil Nadu, India |
| M B Rubber Private Limited | ₹101.3 Cr (FY 2022) | •••• | •••• | -37.0% | •••• | Delhi, India |
| Veekesy Sandals (India) Private Limited | ₹100.98 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mysore, Karnataka, India |
| Foottech Polymers (India) Private Limited | ₹100.18 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mysore, Karnataka, India |
| Finproject India Private Limited | ₹96.1 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Shoe Variants 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 Shoe Variants Private Limited
Shoe Variants Private Limited is audited by Sakshi & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sakshi & 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.
Board of Directors of Shoe Variants Private Limited
Shoe Variants 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 |
|---|---|---|---|---|
| Rajesh Kharabanda Also directs: Awfis Space Solutions Limited, Jayatma Technologies Private Limited, Nivia Synthetics Pvt Ltd and 5 more | Director | 21 Feb 2014 | 12 Years 7 Months | Current |
| Varun Mehta | Managing Director | 21 Feb 2014 | 12 Years 7 Months | Current |
Ownership and Shareholding of Shoe Variants 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 Shoe Variants Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jan 2023 | Others | ₹21.23 Cr | Open |
| 30 Nov 2018 | Others | ₹8 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Shoe Variants Private Limited
Shoe Variants Private Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.8 Cr; the latest was in October 2023.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Rights issue | ₹2.19 Cr | Investors: 2 individuals |
| Apr 2018 | Funding round | ₹2.8 Cr | Investors: 3 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 4 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 Shoe Variants Private Limited
Shoe Variants Private Limited has 15 court cases on record: 14 filed by Shoe Variants, 1 where it is another party. 9 cases are pending and 6 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 0 | 9 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Civil suit | Filed by the company against Dolphin Footwear Private Limited | Pending |
| District court, Jalandhar, Punjab | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalandhar, Punjab | Civil suit | Filed by the company against Mohit Sports Industries | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed by the company against D.M. Enterprises | Pending |
Full case history
All 15 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 Shoe Variants Private Limited
Shoe Variants Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,674 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Tilak Utpadan Private Limited | •••• | •••• | •••• |
| Friends Box Factory Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 13 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.
Associated Brands with Shoe Variants Private Limited
Shoe Variants operates one associated brand: Shoe Variants. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of sports shoes, socks, and stockings in India. | shoevariants.com |
Employees and EPFO Compliance at Shoe Variants Private Limited
Shoe Variants Private Limited has a workforce of 1,619 employees as of Apr 09, 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 Shoe Variants Private Limited
Shoe Variants Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Varun Mehta ceased to be Director on 24 Feb 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shoe Variants 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.
Subsidiaries & Group Companies of Shoe Variants 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 Shoe Variants Private Limited
Shoe Variants has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAUCS3130L1Z6 | 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 Shoe Variants 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 Shoe Variants Private Limited
Shoe Variants 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 21 February 2014 (12+ years old) and is registered under CIN U19200PB2014PTC038417.
Shoe Variants reported revenue of ₹102.66 Cr for FY 2025 (down 4% YoY).
Shoe Variants has 2 current directors:
- Varun Mehta - Managing Director
- Rajesh Kharabanda - Director
Shoe Variants reported a net profit of ₹5.81 Cr (net margin 5.7%) and EBITDA of ₹14.39 Cr (EBITDA margin 14%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shoe Variants is 20% over three years and 13% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shoe Variants is 03AAUCS3130L1Z6, registered in Punjab.
The CIN (Corporate Identification Number) of Shoe Variants is U19200PB2014PTC038417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shoe Variants has 15 court cases on record: 14 filed by the company. 9 are pending.
Shoe Variants was incorporated on 21 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chandigarh.
Shoe Variants has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.8 Cr; the latest was in October 2023.
The peers of Shoe Variants by revenue are K.A.S Industries India Private Limited, Alert India Private Limited, Catmoss Retail Private Limited, Tara Footwears Private Limited, Srijati Shoes Private Limited and 5 more, all in the Consumer Products industry (Footwear Manufacturers).
Varun Mehta ceased to be Director on 24 Feb 2023. Vijay Kumar Kharbanda ceased to be Director on 18 Jun 2017. Vandana Mehta ceased to be Director on 30 Nov 2014. Shoe Variants has 5 board changes on record in total.