About Sonnet Retail Innovation Private Limited
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Sonnet Retail Innovation Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 05 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2013PTC070454. Its GSTIN is 29AATCS6940H1ZM (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shruthi Nadig and Sankara Narayanan Rahul.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at #175 & 176 Bilekally, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.62 Cr, a growth of 126% compared to the previous year. For the same year it recorded a net loss of ₹4,702 (net margin 0%) and EBITDA of ₹1.44 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years.
As per MCA filings, the company has open charges of ₹10 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website sonnet.co.in.
Company details
Contact details
Sonnet Retail Innovation Private Limited's registered office is in Bangalore, Karnataka. Its website is sonnet.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#175 & 176 Bilekally, Bangalore, Karnataka, India – 560078
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Sonnet Retail Innovation 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
Business activity
The main business activity of Sonnet Retail Innovation 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 Sonnet Retail Innovation Private Limited, buy the company report.
Financials of Sonnet Retail Innovation Private Limited
FY 2019 filings availableSonnet Retail Innovation Private Limited reported revenue of ₹1.62 Cr (up 126% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 62% over three years, including 126% growth in the latest year. EBITDA rose 113% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
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| Revenue from Operations | ₹1.62 Cr | ||||
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| EBITDA | ₹1.44 Lakh | ||||
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| Net Profit (PAT) | -₹4,702 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Sonnet Retail Innovation Private Limited, buy the company report.
Board of directors of Sonnet Retail Innovation Private Limited
Sonnet Retail Innovation has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shruthi Nadig | Director | 23 Sep 2014 | 12 Years 1 Months | Current |
| Sankara Narayanan Rahul | Director | 05 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Sonnet Retail Innovation 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 |
|---|---|---|---|---|---|---|
| Newest Fashion House Private Limited | ₹1.66 Cr (FY 2025) | 18.0% | Tarn Taran, Punjab, India | |||
| Amroziya Garments Private Limited | ₹1.65 Cr (FY 2025) | -15.0% | Ajmer, Rajasthan, India | |||
| Hills and Dales Apparels Private Limited | ₹1.64 Cr (FY 2025) | 1684.0% | Ludhiana, Punjab, India | |||
| Sonnet Retail Innovation Private Limitedthis company | ₹1.62 Cr (FY 2019) | -₹4,702 | 0% | 126.0% | Bangalore, Karnataka, India | |
| Miracle Clothing Private Limited | ₹1.58 Cr (FY 2018) | -61.0% | Mumbai, Maharashtra, India | |||
| Benz Clothing Line Private Limited | ₹1.58 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sonnet Retail Innovation Private Limited, buy the company report.
Auditor
Sonnet Retail Innovation Private Limited is audited by SAJJAN AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAJJAN AND ASSOCIATES | FY 2019 | 015801S |
Shareholding
The shareholding of Sonnet Retail Innovation Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sonnet Retail Innovation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2016 | 100053314 | Others | ₹10 Lakh | Open |
To see the full charge records of Sonnet Retail Innovation Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sonnet Retail Innovation Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sonnet Retail Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sonnet Retail Innovation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AATCS6940H1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sonnet Retail Innovation Private Limited, buy the company report.
Recent activity
Sonnet Retail Innovation Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Praseeth ceased to be Director on 13 Oct 2014.
Frequently asked questions
Sonnet Retail Innovation is an active private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 05 August 2013 (13+ years old) and is registered under CIN U52100KA2013PTC070454.
Sonnet Retail Innovation has 2 current directors:
- Shruthi Nadig - Director
- Sankara Narayanan Rahul - Director
The latest financial statements of Sonnet Retail Innovation on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Sonnet Retail Innovation is 29AATCS6940H1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Sonnet Retail Innovation is U52100KA2013PTC070454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sonnet Retail Innovation was incorporated on 05 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sonnet Retail Innovation by revenue are Newest Fashion House Private Limited, Amroziya Garments Private Limited, Hills and Dales Apparels Private Limited, Miracle Clothing Private Limited, Benz Clothing Line Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Praseeth ceased to be Director on 13 Oct 2014. Shruthi Nadig was appointed as Director on 23 Sep 2014. Praseeth was appointed as Director on 05 Aug 2013. Sonnet Retail Innovation has 4 board changes on record in total.
Sonnet Retail Innovation can be reached through the website sonnet.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Sonnet Retail Innovation is at #175 & 176 Bilekally, Bangalore, Karnataka, India – 560078.
Sonnet Retail Innovation operates in the fashion and textile industry, in the designer and branded fashion segment.