MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0099919
Square Textile Ventures Private Limited
Square Textile Ventures Private Limited - home & lifestyle in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹71.37 Cr
▲ 1236% YoY
Net profit · FY 2023
₹2.2 Cr
Net margin 3.1%
EBITDA · FY 2023
₹2.78 Cr
EBITDA margin 3.9%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹35 Lakh
Issued & subscribed
Open charges
₹167.04 Cr
Secured borrowings
Company age
37 yrs
Est. 1989
Employees · EPFO
24
Provident fund records
About Square Textile Ventures Private Limited
Data last updated:
Square Textile Ventures Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 28 April 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17100PB1989PTC009169. Its GSTIN is 03AAICS1784J1Z6 (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35 Lakh. It was formerly known as Synergy Exim Private Limited and New Life Cycle Private Limited. It is led by directors including Vivek Verma and Sain Dass Verma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at House No. 309 Sector – C Brs Nagar, Ludhiana, Punjab, India – 141004.
As per the financials filed for FY 2023, the company reported a revenue of ₹71.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.2 Cr (net margin 3.1%) and EBITDA of ₹2.78 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 113% over three years and 105% 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 ₹167.04 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
Square Textile Ventures Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0099919). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Square Textile Ventures Private Limited
CIN U17100PB1989PTC009169
Registration Number 009169
Incorporation Date 28 April 1989
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0099919
Name History of Square Textile Ventures Private Limited
Square Textile Ventures has undergone 2 name changes throughout its history. The company was previously known as Synergy Exim Private Limited, and New Life Cycle Private Limited. The current legal name is Square Textile Ventures Private Limited.
| Company Name | Status |
|---|---|
| Square Textile Ventures Private Limited | Current |
| Synergy Exim Private Limited | Previous |
| New Life Cycle Private Limited | Previous |
CIN History of Square Textile Ventures Private Limited
Square Textile Ventures has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17100PB1989PTC009169, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100PB1989PTC009169 | Current |
| U52110PB1989PTC009169 | Previous |
| U35921PB1989PTC009169 | Previous |
Recognitions & Rankings of Square Textile Ventures
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressHouse No. 309 Sector – C Brs Nagar, Ludhiana, Punjab, India – 141004
- IndustryHome & Lifestyle, Textile Retail & Distribution
Comprehensive company report
Square Textile Ventures Private Limited - one report that includes everything
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Financials of Square Textile Ventures Private Limited FY 2025 filings available
Square Textile Ventures Private Limited reported revenue of ₹71.37 Cr (up 1236% YoY) for FY 2023.
Revenue · FY 2023
₹71.37 Cr ▲ 1236%
Net profit · FY 2023
₹2.2 Cr margin 3.1%
EBITDA · FY 2023
₹2.78 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR) of Square Textile Ventures Private Limited
Revenue CAGR growth
3 years · compounded
▲ 113%
5 years · compounded
▲ 105%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 76%
5 years · compounded
▲ 60%
Revenue has grown at a compounded annual rate (CAGR) of 105% over five years. EBITDA fell 9% 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 of Square Textile Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹71.37 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.78 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.2 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 of Square Textile Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 Square Textile Ventures are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Square Textile Ventures Private Limited
Square Textile Ventures has 3 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 |
|---|---|---|---|---|
| Vivek Verma Also directs: Square Texcorp LLP, Indian Green Organix Private Limited, Viva Textile Ventures Private Limited and 5 more | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Sain Dass Verma | Director | 04 Dec 2003 | 22 Years 10 Months | Current |
| Ishaan Verma Also directs: Square Texcorp LLP, Indian Green Organix Private Limited, Viva Textile Ventures Private Limited and 5 more | Director | 01 Oct 2024 | 2 Years 0 Months | Current |
Auditor Details of Square Textile Ventures Private Limited
Square Textile Ventures Private Limited is audited by Rajesh Mehra & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rajesh Mehra & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Square Textile Ventures Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Charges & Borrowings of Square Textile Ventures Private Limited
Open charges
₹167.04 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jan 2025 | Hdfc Bank Limited | ₹21.5 Cr | Open |
| 10 Jul 2024 | Others | ₹67 Cr | Open |
| 15 Jun 2024 | Hdfc Bank Limited | ₹27 Cr | Open |
| 29 Sep 2023 | Standard Chartered Bank | ₹20 Cr | Open |
| 29 Sep 2023 | Standard Chartered Bank | ₹1 Cr | Open |
Total charge records: 10 View all charges
Legal Cases of Square Textile Ventures Private Limited
Square Textile Ventures Private Limited has 3 court cases on record: 3 filed by Square Textile Ventures. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Execution petition | Filed by the company against Goodwill Textiles Mill | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Rajam Mills Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Goodwill Textiles Mills Co Rajam Mills Pvt LT | Disposed |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Square Textile Ventures Private Limited
Employment history and EPFO contributions of people linked to Square Textile Ventures.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Square Textile Ventures Private Limited
Square Textile Ventures Private Limited has 5 board changes on record since 2003: 4 appointments and 1 cessation. The latest: Vandana Verma ceased to be Director on 04 Aug 2025.
AGM
Square Textile Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 6,700.00 Lakh registered on 10 Jul 2024 with Charge ID 100955296 was modified on 26 Sep 2025.
Charges
A charge with Standard Chartered Bank of Rs. 2,000.00 Lakh registered on 29 Sep 2023 with Charge ID 100787834 was modified on 09 Sep 2025.
Ceased
Vandana Verma ceased to be Director.
Filing
Square Textile Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,150.00 Lakh with Charge ID 101059280 was registered on 20 Jan 2025.
Appointed
Ishaan Verma was appointed as Director.
Charges
A charge with Others of Rs. 2,500.00 Lakh registered on 21 Mar 2023 with Charge ID 100699716 was modified on 30 Jul 2024.
Charges
A charge with Others amounted to Rs. 6,700.00 Lakh with Charge ID 100955296 was registered on 10 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,700.00 Lakh with Charge ID 100941919 was registered on 15 Jun 2024.
Charges
A charge with Standard Chartered Bank amounted to Rs. 100.00 Lakh with Charge ID 100787838 was registered on 29 Sep 2023.
Charges
A charge with Standard Chartered Bank amounted to Rs. 2,000.00 Lakh with Charge ID 100787834 was registered on 29 Sep 2023.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Square Textile Ventures Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by Square Textile Ventures Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Square Textile Ventures Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Square Textile Ventures Private Limited
Square Textile Ventures has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAICS1784J1Z6 | Punjab | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Square Textile Ventures Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Square Textile Ventures Private Limited
Square Textile Ventures is an active private limited company based in Ludhiana, Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 28 April 1989 (37+ years old) and is registered under CIN U17100PB1989PTC009169.
Square Textile Ventures reported revenue of ₹71.37 Cr for FY 2023 (up 1236% YoY).
Square Textile Ventures has 3 current directors:
- Vivek Verma - Director
- Sain Dass Verma - Director
- Ishaan Verma - Director
Square Textile Ventures reported a net profit of ₹2.2 Cr (net margin 3.1%) and EBITDA of ₹2.78 Cr (EBITDA margin 3.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Square Textile Ventures is 113% over three years and 105% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Square Textile Ventures is 03AAICS1784J1Z6, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Square Textile Ventures is U17100PB1989PTC009169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Square Textile Ventures has 3 court cases on record: 3 filed by the company.
Square Textile Ventures was incorporated on 28 April 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chandigarh.
Vandana Verma ceased to be Director on 04 Aug 2025. Ishaan Verma was appointed as Director on 01 Oct 2024. Vivek Verma was appointed as Director on 31 Dec 2020. Square Textile Ventures has 5 board changes on record in total.