Startup India Government of India
Solving Wearables Private Limited
Solving Wearables Private Limited - textile in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.54 Lakh
Latest filing
Net loss · FY 2024
₹9,061
Net margin -5.9%
EBITDA · FY 2024
-₹8,768
EBITDA margin -5.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Solving Wearables Private Limited
Data last updated:
Solving Wearables Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the apparel and garments segment of the textiles sector. It was incorporated on 26 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18109DL2021PTC380574. Its GSTIN is 07ABFCS9809N1ZL (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Babeena Shaw and Mohammed Ali Mir.
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 M – 1 Hauj Khas Near Abn Amro Bank, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.54 Lakh. For the same year it recorded a net loss of ₹9,061 (net margin -5.9%) and EBITDA of -₹8,768 (EBITDA margin -5.7%).
Solving Wearables Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-10-0013067).
Company Details of Solving Wearables Private Limited
CIN U18109DL2021PTC380574
Registration Number 380574
Incorporation Date 26 April 2021
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-10-0013067
Recognitions & Rankings of Solving Wearables
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-DL-10-0013067
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressM – 1 Hauj Khas Near Abn Amro Bank, New Delhi, Delhi, India – 110016
- IndustryTextile, Apparel, Manufacturing
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Business Activity of Solving Wearables Private Limited
The main business activity of Solving Wearables 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Solving Wearables Private Limited FY 2024 filings available
Solving Wearables Private Limited reported revenue of ₹1.54 Lakh for FY 2024.
Revenue · FY 2024
₹1.54 Lakh
Net loss · FY 2024
₹9,061 margin -5.9%
EBITDA · FY 2024
-₹8,768 margin -5.7%
Financial Statement Summary of Solving Wearables Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | -₹8,768 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9,061 | •••• | •••• |
| 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 Solving Wearables Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -5.7% | •••• | •••• |
| Net Profit Margin | -5.9% | •••• | •••• |
| 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 Solving Wearables are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
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Board of Directors of Solving Wearables Private Limited
Solving Wearables has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babeena Shaw Also directs: Sutexgo Private Limited | Director | 26 Apr 2021 | 5 Years 5 Months | Current |
| Mohammed Ali Mir Also directs: Sutexgo Private Limited | Additional Director | 20 Nov 2024 | 1 Years 11 Months | Current |
Peer Comparison of Solving Wearables Private Limited
Solving Wearables Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Textile, leather and other apparel products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ohhm Clothing & Lifestyles Private Limited | ₹1.55 Lakh (FY 2025) | •••• | •••• | -84.0% | •••• | Hyderabad, Telangana, India |
| Daak Moda Private Limited | ₹1.55 Lakh (FY 2024) | •••• | •••• | •••• | Ghaziabad, Uttar Pradesh, India | |
| DH Garments Private Limited | ₹1.55 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | New Delhi, Delhi, India |
| Famgo Private Limited | ₹1.55 Lakh (FY 2024) | •••• | •••• | •••• | Kozhikode, Kerala, India | |
| Leatherszone Private Limited | ₹1.54 Lakh (FY 2022) | •••• | •••• | 2601.0% | •••• | Bhagalpur, Bihar, India |
| Solving Wearables Private Limited this company | ₹1.54 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Seva Tex Fab Private Limited | ₹1.54 Lakh (FY 2025) | •••• | •••• | 22.0% | •••• | Kolkata, West Bengal, India |
| Ms Care and Cure Private Limited | ₹1.54 Lakh (FY 2016) | •••• | •••• | -88.0% | •••• | Jhansi, Uttar Pradesh, India |
| Bell Textiles Pvt Ltd | ₹1.53 Lakh (FY 2025) | •••• | •••• | -71.0% | •••• | Surat, Gujarat, India |
| Mandhania Sons Spinners Private Limited | ₹1.53 Lakh (FY 2025) | •••• | •••• | -38.0% | •••• | Solapur, Maharashtra, India |
| Dhameliya Manufacturing Private Limited | ₹1.53 Lakh (FY 2022) | •••• | •••• | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Solving Wearables by revenue in the same principal business activity (Textile, leather and other apparel products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Solving Wearables Private Limited
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Charges & Borrowings of Solving Wearables Private Limited
Solving Wearables Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Solving Wearables Private Limited
Solving Wearables Private Limited has a workforce of 0 employees as of Apr 05, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Solving Wearables Private Limited
Solving Wearables Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Sanya Donald Prakash ceased to be Director on 21 Nov 2024.
Ceased
Sanya Donald Prakash ceased to be Director.
Appointed
Mohammed Ali Mir was appointed as Additional Director.
AGM
Solving Wearables Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Solving Wearables Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Appointed
Babeena Shaw was appointed as Director.
Incorporation
26 Apr 2021
Solving Wearables Private Limited was registered on 26 Apr 2021 with Roc Delhi & aged 5 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Solving Wearables Private Limited
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MSME Payment Delays by Solving Wearables Private Limited
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Subsidiaries & Group Companies of Solving Wearables Private Limited
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GST Compliance of Solving Wearables Private Limited
Solving Wearables has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07ABFCS9809N1ZL | Delhi | Active | 12 Sep 2021 |
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MCA Filings & Documents of Solving Wearables Private Limited
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Frequently Asked Questions about Solving Wearables Private Limited
Solving Wearables is an active private limited company based in New Delhi, Delhi, India. The company works in apparel, within the textile industry. It was incorporated on 26 April 2021 (5+ years old) and is registered under CIN U18109DL2021PTC380574.
Solving Wearables reported revenue of ₹1.54 Lakh for FY 2024.
Solving Wearables has 2 current directors:
- Babeena Shaw - Director
- Mohammed Ali Mir - Additional Director
Solving Wearables reported a net loss of ₹9,061 (net margin -5.9%) and EBITDA of -₹8,768 (EBITDA margin -5.7%) for FY 2024, as per its filed financial statements.
The GSTIN of Solving Wearables is 07ABFCS9809N1ZL, registered in Delhi.
The CIN (Corporate Identification Number) of Solving Wearables is U18109DL2021PTC380574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solving Wearables was incorporated on 26 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Solving Wearables by revenue are Ohhm Clothing & Lifestyles Private Limited, Daak Moda Private Limited, DH Garments Private Limited, Famgo Private Limited, Leatherszone Private Limited and 5 more, all in the same principal business activity (Textile, leather and other apparel products).
Sanya Donald Prakash ceased to be Director on 21 Nov 2024. Mohammed Ali Mir was appointed as Additional Director on 20 Nov 2024. Babeena Shaw was appointed as Director on 26 Apr 2021.
Yes, Solving Wearables is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Solving Wearables is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-10-0013067).