MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0023008
Smag Retails Private Limited - fashion and textile in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹31.58 Cr
▼ 36% YoY
Net profit · FY 2024
₹19.42 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹2.52 Cr
EBITDA margin 8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹16 Lakh
Issued & subscribed
Open charges
₹9.35 Cr
Satisfied ₹6.25 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
24
Provident fund records
About Smag Retails Private Limited
Data last updated:
Smag Retails Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 28 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB2008PTC031796. Its GSTIN is 03AALCS7608C1ZJ (Punjab).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors including Vikas Kharbanda (Managing Director) and Ashish Kumar (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 B – II – 743 Chawni Mohalla, Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.58 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹19.42 Lakh (net margin 0.6%) and EBITDA of ₹2.52 Cr (EBITDA margin 8%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.35 Cr and satisfied charges of ₹6.25 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 1 case is pending.
Smag Retails Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0023008). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smag.in.
Company details
CIN U18101PB2008PTC031796
Registration Number 031796
Incorporation Date 28 March 2008
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0023008
Key People
Vikas Kharbanda Managing Director Ashish Kumar Whole-Time Director Rajeev Kumar Whole-Time Director Recognitions & Rankings of Smag Retails
Contact details
Smag Retails Private Limited's registered office is in Ludhiana, Punjab. Its website is smag.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – II – 743 Chawni Mohalla, Ludhiana, Punjab, India – 141008
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Smag Retails Private Limited, buy the company report.
Comprehensive company report
Smag Retails 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 Smag Retails is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Smag Retails Private Limited, buy the company report.
Financials of Smag Retails Private Limited
FY 2024 filings availableSmag Retails Private Limited reported revenue of ₹31.58 Cr (down 36% YoY) for FY 2024.
Revenue · FY 2024
₹31.58 Cr ▼ 36%
Net profit · FY 2024
₹19.42 Lakh margin 0.6%
EBITDA · FY 2024
₹2.52 Cr margin 8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 36%
3 years · compounded
▲ 4%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 72%
3 years · compounded
▲ 6%
5 years · compounded
▲ 5%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 36% fall in the latest year. EBITDA rose 72% 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 |
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| EBITDA | ₹2.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.42 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Smag Retails Private Limited, buy the company report.
Board of directors of Smag Retails Private Limited
Smag Retails has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Kharbanda Also directs: Saggi Knits Private Limited | Managing Director | 28 Mar 2008 | 18 Years 6 Months | Current |
| Ashish Kumar Also directs: Saggi Knits Private Limited | Whole-Time Director | 28 Mar 2008 | 18 Years 6 Months | Current |
| Rajeev Kumar | Whole-Time Director | 28 Mar 2008 | 18 Years 6 Months | Current |
Peer comparison
Smag Retails Private Limited is compared with the 5 companies closest to it by revenue in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Monalisa Synthetics Private Limited | ₹32.48 Cr (FY 2024) | 30.0% | Bhilwara, Rajasthan, India | |||
| Zari Silk (India) Private Limited | ₹31.66 Cr (FY 2025) | -3.0% | Jaipur, Rajasthan, India | |||
| Smag Retails Private Limitedthis company | ₹31.58 Cr (FY 2024) | ₹19.42 Lakh | 0.6% | -36.0% | 24 | Ludhiana, Punjab, India |
| Somani Creation Private Limited | ₹31.33 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Hoffmen Fashions Pvt Ltd | ₹31.24 Cr (FY 2025) | -13.0% | Kolkata, West Bengal, India | |||
| C P S Shapers Limited | ₹30.91 Cr (FY 2025) | -15.0% | Vasai East, Maharashtra, India |
To see the full peer comparison of Smag Retails Private Limited, buy the company report.
Auditor
Smag Retails Private Limited is audited by SUBASH VIPAN & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUBASH VIPAN & CO. | FY 2022 | 012898N |
Shareholding
The shareholding of Smag Retails Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Smag Retails Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.35 Cr
Satisfied charges
₹6.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2025 | 101161936 | Others | ₹2 Cr | Open | |
| 23 Jan 2024 | 100886214 | Hdfc Bank Limited | ₹34.94 Lakh | Open | |
| 27 Apr 2023 | 100720542 | Others | ₹2 Cr | Open | |
| 17 Dec 2016 | 100087152 | Others | ₹5 Cr | Open | |
| 16 Feb 2012 | 10340490 | Indusind Bank Ltd. | ₹4.5 Cr | Satisfied |
To see the full charge records of Smag Retails Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Smag Retails Private Limited has 5 court cases on record: 5 filed by Smag Retails. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
5
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Personality Care Apparels Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Shiv Traders | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Giri Raj Agency | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Smag Retails 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Smag Retails Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Smag Retails Private Limited has a workforce of 24 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
Employee growth
-7.69%
GST
Smag Retails has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AALCS7608C1ZJ | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Smag Retails Private Limited, buy the company report.
Recent activity
Smag Retails Private Limited has 3 board changes on record since 2008: 3 appointments. The latest: Ashish Kumar was appointed as Whole-Time Director on 28 Mar 2008.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 101161936 was registered on 29 Aug 2025.
AGM
Smag Retails Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Smag Retails Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Others of Rs. 500.00 Lakh registered on 17 Dec 2016 with Charge ID 100087152 was modified on 27 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 34.94 Lakh with Charge ID 100886214 was registered on 23 Jan 2024.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100720542 was registered on 27 Apr 2023.
Charges
A charge registered on 16 Feb 2012 via Charge ID 10340490 with Indusind Bank Ltd. was fully satisfied on 29 Mar 2017.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100087152 was registered on 17 Dec 2016.
Charges
A charge with Indusind Bank Ltd. of Rs. 450.00 Lakh registered on 16 Feb 2012 with Charge ID 10340490 was modified on 23 Sep 2015.
Charges
A charge registered on 03 Nov 2008 via Charge ID 10131715 with Hdfc Bank Limited was fully satisfied on 27 Feb 2012.
Charges
A charge with Indusind Bank Ltd. amounted to Rs. 450.00 Lakh with Charge ID 10340490 was registered on 16 Feb 2012.
Charges
A charge with Hdfc Bank Limited of Rs. 175.00 Lakh registered on 03 Nov 2008 with Charge ID 10131715 was modified on 01 Jun 2011.
5 earlier events are in the company report.
Frequently asked questions
Smag Retails is an active private limited company based in Ludhiana, Punjab, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 28 March 2008 (18+ years old) and is registered under CIN U18101PB2008PTC031796.
Smag Retails has 3 current directors:
- Vikas Kharbanda - Managing Director
- Ashish Kumar - Whole-Time Director
- Rajeev Kumar - Whole-Time Director
The latest financial statements of Smag Retails on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Smag Retails is 03AALCS7608C1ZJ, registered in Punjab.
The CIN (Corporate Identification Number) of Smag Retails is U18101PB2008PTC031796. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smag Retails has 5 court cases on record: 5 filed by the company. 1 is pending.
Smag Retails was incorporated on 28 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Smag Retails by revenue are Monalisa Synthetics Private Limited, Zari Silk (India) Private Limited, Somani Creation Private Limited, Hoffmen Fashions Pvt Ltd, C P S Shapers Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Ashish Kumar was appointed as Whole-Time Director on 28 Mar 2008. Rajeev Kumar was appointed as Whole-Time Director on 28 Mar 2008. Vikas Kharbanda was appointed as Managing Director on 28 Mar 2008.
Yes, Smag Retails is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0023008).
Smag Retails can be reached through the website smag.in. Its registered office is in Ludhiana, Punjab, India.