About Silver Spark Apparel Limited
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Silver Spark Apparel Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Raymond Limited. It operates in the formal and business wear segment of the fashion and textiles sector. It was incorporated on 20 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2000PLC127831. Its GSTIN is 29AACCR1288G1Z7 (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹8.96 Cr. It is led by directors including Vishal Pratap Singh Bist and Krishnan Ashwath Narayan.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at New Hind Housenarottam Morarjee Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,047.33 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹16.42 Cr (net margin 1.6%) and EBITDA of ₹49.54 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 9% over five years.
The company has about 7,202 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Raymond. As per MCA filings, the company has open charges of ₹298.94 Cr and satisfied charges of ₹103.4 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 2 cases are pending. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in March 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raymond.in.
Company details
Contact details
Silver Spark Apparel Limited's registered office is in Mumbai, Maharashtra. Its website is raymond.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew Hind Housenarottam Morarjee Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryFashion and Textile, Formal & Business Wear
To see the full contact details of Silver Spark Apparel 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
Silver Spark Apparel operates one associated brand: Raymond. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casual wear for men and women is offered by Raymond. | raymond.in |
Business activity
The main business activity of Silver Spark Apparel is manufacturing. In detail, this covers manufacture of textiles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles |
To see the full business activity and turnover split of Silver Spark Apparel Limited, buy the company report.
Financials of Silver Spark Apparel Limited
FY 2025 filings availableSilver Spark Apparel Limited reported revenue of ₹1,047.33 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 2% growth in the latest year. EBITDA fell 53% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,047.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹49.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.42 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| 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 Silver Spark Apparel Limited, buy the company report.
Board of directors of Silver Spark Apparel Limited
Silver Spark Apparel has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Pratap Singh Bist Also directs: Celebrations Apparel Limited | Director | 03 May 2021 | 5 Years 6 Months | Current |
| Krishnan Ashwath Narayan | Director | 08 Feb 2021 | 5 Years 9 Months | Current |
| Rashmi Brijgopal Mundada Also directs: Raymond Limited, Raymond Luxury Cottons Limited, JK Maini Precision Technology Limited and 3 more | Director | 16 Mar 2018 | 8 Years 7 Months | Current |
| Amit Srivastava Also directs: Ray Global Consumer Products Limited, Celebrations Apparel Limited | Director | 02 Mar 2023 | 3 Years 8 Months | Current |
| Manish Bharati | Director | 02 Mar 2023 | 3 Years 8 Months | Current |
Auditor
Silver Spark Apparel Limited is audited by Chaturvedi & Shah LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi & Shah LLP | FY 2025 | 101720W/W100355 |
Shareholding
The shareholding of Silver Spark Apparel Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Silver Spark Apparel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2024 | 100985204 | Others | ₹100 Cr | Open | |
| 04 Jul 2023 | 100752940 | Yes Bank Limited | ₹50 Cr | Open | |
| 15 Dec 2021 | 100518206 | Others | ₹75 Cr | Open | |
| 31 Mar 2021 | 100441317 | Hdfc Bank Limited | ₹8.46 Cr | Open | |
| 31 Dec 2004 | 80006708 | Hdfc Bank Limited | ₹65.48 Cr | Open |
To see the full charge records of Silver Spark Apparel Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Silver Spark Apparel Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in March 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Rights issue | ₹5 Cr | Investors: Raymond Limited |
| Aug 2016 | Rights issue | ₹5 Cr | Investors: Raymond Limited |
| Mar 2006 | Funding round | ₹10 Cr | Investors: Raymond Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Silver Spark Apparel Limited has 9 court cases on record: 5 filed by Silver Spark Apparel, 4 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 0 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against individuals | Pending |
| District court, CHIKKABALLAPUR, Karnataka | Motor accident claim | Filed against the company by individuals | Disposed |
| District court, CHIKKABALLAPUR, Karnataka | Motor accident claim | Filed against the company by individuals | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Silver Spark Apparel 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
Silver Spark Apparel Limited was last rated by Care on 05 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Jan 2022 |
To see the full credit ratings and regulatory alerts of Silver Spark Apparel Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Silver Spark Apparel Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Silver Spark Apparel Limited has a workforce of 7,202 employees on its EPFO records as of May 2026, across 4 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 7,202 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Silver Spark Apparel Limited, buy the company report.
GST
Silver Spark Apparel has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCR1288G1Z7 | Karnataka | Active | 01 Jul 2017 |
| 37AACCR1288G1ZA | Andhra Pradesh | Active | 24 May 2023 |
To see the full GST registrations and return filing status of Silver Spark Apparel Limited, buy the company report.
Recent activity
Silver Spark Apparel Limited has 39 board changes on record since 2000: 22 appointments and 17 cessations. The latest: Amit Srivastava was appointed as Director on 02 Mar 2023.
49 earlier events are in the company report.
News
Frequently asked questions
Silver Spark Apparel is an active public limited company based in Mumbai, Maharashtra, India. The company works in formal and business wear, within the fashion and textile industry. It was incorporated on 20 July 2000 (26+ years old) and is registered under CIN U72900MH2000PLC127831.
Silver Spark Apparel has 5 current directors:
- Vishal Pratap Singh Bist - Director
- Krishnan Ashwath Narayan - Director
- Rashmi Brijgopal Mundada - Director
- Amit Srivastava - Director
- Manish Bharati - Director
The latest financial statements of Silver Spark Apparel on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Silver Spark Apparel is 29AACCR1288G1Z7, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 37AACCR1288G1ZA (Andhra Pradesh).
The CIN (Corporate Identification Number) of Silver Spark Apparel is U72900MH2000PLC127831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silver Spark Apparel has 9 court cases on record: 5 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Silver Spark Apparel was incorporated on 20 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Silver Spark Apparel has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in March 2018.
Amit Srivastava was appointed as Director on 02 Mar 2023. Harishkumar Hariprasad Chatterjee ceased to be Director on 02 Mar 2023. Manish Bharati was appointed as Director on 02 Mar 2023. Silver Spark Apparel has 39 board changes on record in total.
Silver Spark Apparel can be reached through the website raymond.in. Its registered office is in Mumbai, Maharashtra, India.
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