DPIIT recognised startup Government of India
Startup India
Spangle Clothing Private Limited
Spangle Clothing Private Limited - fashion and textile in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.9 Cr
▼ 8% YoY
Net profit · FY 2024
₹35.5 Lakh
Net margin 1.7%
EBITDA · FY 2024
₹1.12 Cr
EBITDA margin 5.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹6.5 Cr
Satisfied ₹2.3 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
122
Provident fund records
About Spangle Clothing Private Limited
Data last updated:
Spangle Clothing Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 03 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U18109MP2020PTC051674. Its GSTIN is 23ABDCS8779H1ZV (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Haresh Shah (Whole-Time Director) and Rajesh Shah (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 14 Gas House Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.9 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹35.5 Lakh (net margin 1.7%) and EBITDA of ₹1.12 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years.
The company has about 122 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.5 Cr and satisfied charges of ₹2.3 Cr on record.
Spangle Clothing Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MP-23-0002912).
Company details
CIN U18109MP2020PTC051674
Registration Number 051674
Incorporation Date 03 July 2020
ROC Gwalior
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 MSME
Udyam Registration UDYAM-MP-23-0002912
Key People
Haresh Shah Whole-Time Director Rajesh Shah Whole-Time Director Abhishek Shah Whole-Time Director Recognitions & Rankings of Spangle Clothing
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MP-23-0002912
Contact details
Spangle Clothing Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14 Gas House Road, Indore, Madhya Pradesh, India – 452001
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Spangle Clothing Private Limited, buy the company report.
Comprehensive company report
Spangle Clothing 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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Secure checkout · GST invoice included
Business activity
The main business activity of Spangle Clothing 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 Spangle Clothing Private Limited, buy the company report.
Financials of Spangle Clothing Private Limited
FY 2024 filings availableSpangle Clothing Private Limited reported revenue of ₹20.9 Cr (down 8% YoY) for FY 2024.
Revenue · FY 2024
₹20.9 Cr ▼ 8%
Net profit · FY 2024
₹35.5 Lakh margin 1.7%
EBITDA · FY 2024
₹1.12 Cr margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 78%
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA rose 8% 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 |
|---|---|---|---|---|
| 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 | ₹1.12 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹35.5 Lakh | |||
| 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.4% | |||
| Net Profit Margin | 1.7% | |||
| 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 Spangle Clothing Private Limited, buy the company report.
Board of directors of Spangle Clothing Private Limited
Spangle Clothing has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Haresh Shah Also directs: Greenstitch Apparel Private Limited | Whole-Time Director | 03 Jul 2020 | 6 Years 3 Months | Current |
| Rajesh Shah | Whole-Time Director | 03 Jul 2020 | 6 Years 3 Months | Current |
| Abhishek Shah Also directs: Greenstitch Apparel Private Limited | Whole-Time Director | 03 Jul 2020 | 6 Years 3 Months | Current |
| Manish Shah Also directs: Greenstitch Apparel Private Limited | Whole-Time Director | 03 Jul 2020 | 6 Years 3 Months | Current |
Auditor
Spangle Clothing Private Limited is audited by BHANDARI JAIN & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHANDARI JAIN & COMPANY | FY 2022 | 403671 |
Shareholding
The shareholding of Spangle Clothing Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Spangle Clothing Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.5 Cr
Satisfied charges
₹2.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2022 | 100622553 | Axis Bank Limited | ₹6.5 Cr | Open | |
| 24 Sep 2020 | 100377646 | Others | ₹50 Lakh | Satisfied | |
| 24 Sep 2020 | 100377638 | Others | ₹1.8 Cr | Satisfied |
To see the full charge records of Spangle Clothing Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Spangle Clothing 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 Spangle Clothing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spangle Clothing Private Limited has a workforce of 122 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
122
Active EPFO establishments
1
Employee growth
-24.69%
GST
Spangle Clothing has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23ABDCS8779H1ZV | Madhya Pradesh | Active | 30 Jul 2020 |
To see the full GST registrations and return filing status of Spangle Clothing Private Limited, buy the company report.
Recent activity
Spangle Clothing Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Abhishek Shah was appointed as Whole-Time Director on 03 Jul 2020.
AGM
Spangle Clothing Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Spangle Clothing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge registered on 24 Sep 2020 via Charge ID 100377646 with Others was fully satisfied on 13 Oct 2022.
Charges
A charge registered on 24 Sep 2020 via Charge ID 100377638 with Others was fully satisfied on 13 Oct 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 650.00 Lakh with Charge ID 100622553 was registered on 06 Sep 2022.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100377646 was registered on 24 Sep 2020.
Charges
A charge with Others amounted to Rs. 180.00 Lakh with Charge ID 100377638 was registered on 24 Sep 2020.
Appointed
Abhishek Shah was appointed as Whole-Time Director.
Appointed
Haresh Shah was appointed as Whole-Time Director.
Appointed
Manish Shah was appointed as Whole-Time Director.
Appointed
Rajesh Shah was appointed as Whole-Time Director.
Incorporation
03 Jul 2020
Spangle Clothing Private Limited was registered on 03 Jul 2020 with Roc Gwalior & aged 6 years 3 months as per MCA records.
Frequently asked questions
Spangle Clothing is an active private limited company based in Indore, Madhya Pradesh, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 03 July 2020 (6+ years old) and is registered under CIN U18109MP2020PTC051674.
Spangle Clothing has 4 current directors:
- Haresh Shah - Whole-Time Director
- Rajesh Shah - Whole-Time Director
- Abhishek Shah - Whole-Time Director
- Manish Shah - Whole-Time Director
The latest financial statements of Spangle Clothing 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 FY 2021 are in the company report.
The GSTIN of Spangle Clothing is 23ABDCS8779H1ZV, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Spangle Clothing is U18109MP2020PTC051674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spangle Clothing was incorporated on 03 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Gwalior.
Abhishek Shah was appointed as Whole-Time Director on 03 Jul 2020. Haresh Shah was appointed as Whole-Time Director on 03 Jul 2020. Manish Shah was appointed as Whole-Time Director on 03 Jul 2020. Spangle Clothing has 4 board changes on record in total.
Yes, Spangle Clothing is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Spangle Clothing is registered as an MSME under Udyam registration (number: UDYAM-MP-23-0002912).
The registered office of Spangle Clothing is at 14 Gas House Road, Indore, Madhya Pradesh, India – 452001.