About Sleek International Private Limited
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Sleek International Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Asian Paints Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 18 February 1993.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U31300MH1993PTC070859. Its GSTIN is 29AAECS1836K1Z1 (Karnataka). The company held 21 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹29.01 Lakh. It was formerly known as Silverline Wire Products Private Limited. It was led by directors including Savitha Shivsankar and Parag Rane.
Its last annual general meeting (AGM) was held on 13 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 302 G Wing 3rd Floor Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹412.54 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹5.43 Cr (net margin -1.3%) and EBITDA of ₹11.69 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
The company had about 862 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Sleek World. As per MCA filings, the company had satisfied charges of ₹14.45 Cr on record. Court records list 18 cases involving the company, including 18 filed by the company; 4 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹138.41 Cr; the latest was in July 2021. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 304 overdue payments to 44 micro and small suppliers.
The last known website on record is sleekworld.com.
Company details
Contact details
Sleek International Private Limited's registered office is in Mumbai, Maharashtra. Its website is sleekworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301/302 G Wing 3rd Floor Lotus Corporate Park Graham Firth Compound W E Highway Gore, Gaon(East), Mumbai, Maharashtra, India – 400063
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Sleek International 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
Sleek International operates one associated brand: Sleek World. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Modular kitchens and accessories are designed and manufactured by Sleek. | sleekworld.com |
Business activity
The main business activities of Sleek International are manufacturing and trade. In detail, this covers wood and wood products, furniture, paper and paper products, wholesale trading and retail trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Sleek International Private Limited, buy the company report.
Financials of Sleek International Private Limited
FY 2024 filings availableSleek International Private Limited reported revenue of ₹412.54 Cr (down 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 181% 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 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 | ₹412.54 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.43 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | -1.3% | ||||
| 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 Sleek International Private Limited, buy the company report.
Board of directors of Sleek International Private Limited
Sleek International has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savitha Shivsankar Also directs: Asian Paints (Polymers) Private Limited | Director | 31 Mar 2023 | 3 Years 7 Months | As last reported |
| Parag Rane Also directs: Weatherseal Fenestration Private Limited | Director | 17 Mar 2020 | 6 Years 7 Months | As last reported |
| Shyam Swamy | Director | 30 Apr 2020 | 6 Years 6 Months | As last reported |
| Ashish Rae Also directs: Obgenix Software Private Limited | Director | 19 Mar 2022 | 4 Years 7 Months | As last reported |
Auditor
Sleek International Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2024 | 117366W/W-100018 |
Shareholding
The shareholding of Sleek International Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sleek International Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2011 | 10320881 | Hdfc Bank Limited | ₹4.25 Cr | Satisfied | |
| 11 Oct 2011 | 10319037 | Hdfc Bank Limited | ₹4.25 Cr | Satisfied | |
| 12 Mar 2009 | 10151727 | Citibank N. A. | ₹1 Cr | Satisfied | |
| 16 Oct 2008 | 10132091 | Citi Bank N.A. | ₹4.8 Cr | Satisfied | |
| 10 Jul 2001 | 90155287 | Bassein Catholic Co-Op. Bank Ltd. | ₹10 Lakh | Satisfied |
To see the full charge records of Sleek International Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Sleek International Private Limited has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹138.41 Cr; the latest was in July 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Rights issue | ₹79.99 Cr | Investors: Asian Paints Limited |
| Jun 2019 | Rights issue | ₹80 Cr | Investors: Asian Paints Limited |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Asian Paints Limited , Asian Paints Limited & Pragyan Kumar, Asian Paints Limited & R J Jeyamurugan Seller: 4 individuals |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2013 | Funding round | ₹138.41 Cr | Investors: Asian Paints Limited , Asian Paints Limited & Amit Syngle, 2 individuals |
To see the full deal history of Sleek International 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
Sleek International Private Limited has 18 court cases on record: 18 filed by Sleek International. 4 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 4 |
| High courts | 3 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Ultra Space Developers Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Tigon Reality Pvt Ltd and 2 others | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Thalia Akshar Developers | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Court case (COS) | Filed by the company against M/S. JNJ Home Decors, Trichy. Rep by Its Sole Proprietor, N. Josephin Nepolien. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Mascot Industries | Pending |
To see the full case history of Sleek International 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
Sleek International Private Limited was last rated by Crisil on 31 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Jul 2020 |
To see the full credit ratings and regulatory alerts of Sleek International Private Limited, buy the company report.
MSME payment delays
Sleek International Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 304 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mudra Metal Works | |||
| an individual supplier | |||
| Concept Modular Systems | |||
| an individual supplier | |||
| Seven Manufactures |
To see the full MSME payment records of Sleek International Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sleek International Private Limited has a workforce of 862 employees on its EPFO records as of Jan 26, 2026, across 2 active EPFO establishments.
GST
Sleek International has 21 GST registrations: 3 active and 18 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECS1836K1Z1 | Karnataka | Active | 01 Jul 2017 |
| 22AAECS1836K1ZF | Chattisgarh | Active | 01 Aug 2017 |
| 01AAECS1836K1ZJ | Jammu and Kashmir | Active | 12 Feb 2019 |
To see the full GST registrations and return filing status of Sleek International Private Limited, buy the company report.
Recent activity
Sleek International Private Limited has 15 board changes on record since 2012: 4 appointments and 11 cessations. The latest: Savitha Shivsankar was appointed as Director on 31 Mar 2023.
28 earlier events are in the company report.
Frequently asked questions
Sleek International has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sleek International was a private limited company based in Mumbai, Maharashtra, India. The company worked in accessories retail and distribution, within the consumer goods industry. It was incorporated on 18 February 1993 and is registered under CIN U31300MH1993PTC070859. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sleek International was incorporated on 18 February 1993. It is registered with the Registrar of Companies, Mumbai.
Sleek International had 4 directors:
- Savitha Shivsankar - Director
- Parag Rane - Director
- Shyam Swamy - Director
- Ashish Rae - Director
The CIN (Corporate Identification Number) of Sleek International is U31300MH1993PTC070859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sleek International is at 301302 G Wing 3rd Floor Lotus Corporate Park Graham Firth Compound W E Highway Gore, GaonEast, Mumbai, Maharashtra, India – 400063.
Sleek International can be reached through the website sleekworld.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Sleek International on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 June 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sleek International is 29AAECS1836K1Z1, registered in Karnataka. The company has 21 GST registrations in all, of which 3 are active and 18 are cancelled or inactive. Other active GSTINs include 22AAECS1836K1ZF (Chattisgarh), 01AAECS1836K1ZJ (Jammu and Kashmir).
Sleek International operated in the consumer goods industry, in the accessories retail and distribution segment.
Sleek International has 7 deals on record (4 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹138.41 Cr; the latest was in July 2021.
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