MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0033532
Sunshine Velvet Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹31.33 Cr
▲ 9% YoY
Net profit · FY 2024
₹1.02 Lakh
Net margin 0%
EBITDA · FY 2024
₹2.21 Cr
EBITDA margin 7%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹52.3 Lakh
Issued & subscribed
Open charges
₹7.58 Cr
Satisfied ₹15.46 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
213
Provident fund records
About Sunshine Velvet Private Limited
Data last updated:
Sunshine Velvet Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17200MH2005PTC154227. Its GSTIN is 24AAJCS0936M1Z3 (Gujarat).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹52.3 Lakh. It is led by directors Ajaykumar Meghraj Shorewala and Kapil Ajaykumar Shorewala.
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 45/47 Mirza Street Zaveri Bazar, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.33 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Lakh (net margin 0%) and EBITDA of ₹2.21 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 7% over five years.
The company has about 213 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sanchivelvets. As per MCA filings, the company has open charges of ₹7.58 Cr and satisfied charges of ₹15.46 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
Sunshine Velvet Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0033532). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sanchivelvets.in.
Company details
CIN U17200MH2005PTC154227
Registration Number 154227
Incorporation Date 24 June 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0033532
Recognitions & Rankings of Sunshine Velvet
Contact details
Sunshine Velvet Private Limited's registered office is in Mumbai, Maharashtra. Its website is sanchivelvets.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address45/47 Mirza Street Zaveri Bazar, Mumbai, Maharashtra, India – 400003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sunshine Velvet Private Limited, buy the company report.
Comprehensive company report
Sunshine Velvet 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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Brands
Sunshine Velvet operates one associated brand: Sanchivelvets. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies diverse velvet fabrics for textile applications worldwide. | sanchivelvets.in |
Business activity
The main business activity of Sunshine Velvet 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 Sunshine Velvet Private Limited, buy the company report.
Financials of Sunshine Velvet Private Limited
FY 2025 filings availableSunshine Velvet Private Limited reported revenue of ₹31.33 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹31.33 Cr ▲ 9%
Net profit · FY 2024
₹1.02 Lakh margin 0%
EBITDA · FY 2024
₹2.21 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 26%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 69%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 9% growth in the latest year. EBITDA rose 38% 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 |
|---|---|---|---|---|---|
| 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 | ₹2.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.02 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 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Sunshine Velvet Private Limited, buy the company report.
Board of directors of Sunshine Velvet Private Limited
Sunshine Velvet has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaykumar Meghraj Shorewala Also directs: Shree Radha Vallabh Velvets Private Limited | Director | 25 Jun 2005 | 21 Years 4 Months | Current |
| Kapil Ajaykumar Shorewala | Director | 16 Jul 2008 | 18 Years 3 Months | Current |
Peer comparison
Sunshine Velvet Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Britannia Labels India Private Limited | ₹31.38 Cr (FY 2025) | 2.0% | Tirupur, Tamil Nadu, India | |||
| Leisure Wear Exports Ltd. | ₹31.36 Cr (FY 2016) | -44.0% | New Delhi, Delhi, India | |||
| Vallabh Knits Private Limited | ₹31.34 Cr (FY 2025) | 23.0% | Ludhiana, Punjab, India | |||
| Mamtalaxmi Sarees Private Limited | ₹31.34 Cr (FY 2023) | -25.0% | Surat, Gujarat, India | |||
| Silver Creative Fabrics Private Limited | ₹31.33 Cr (FY 2025) | 62.0% | Mumbai, Maharashtra, India | |||
| Sunshine Velvet Private Limitedthis company | ₹31.33 Cr (FY 2024) | ₹1.02 Lakh | 0% | 9.0% | Mumbai, Maharashtra, India | |
| HBT Textiles Private Limited | ₹31.32 Cr (FY 2024) | -15.0% | Tiruppur, Tamil Nadu, India | |||
| Prayag Textiles Private Limited | ₹31.31 Cr (FY 2025) | 98.0% | Mira Road East Thane, Maharashtra, India |
To see the full peer comparison of Sunshine Velvet Private Limited, buy the company report.
Auditor
Sunshine Velvet Private Limited is audited by S. C. Jain & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. C. Jain & Company | FY 2023 | 103965W |
Shareholding
The shareholding of Sunshine Velvet 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sunshine Velvet Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.58 Cr
Satisfied charges
₹15.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2024 | 100979525 | Others | ₹7.5 Cr | Open | |
| 12 Oct 2022 | 100630213 | Hdfc Bank Limited | ₹8.05 Lakh | Open | |
| 29 Apr 2022 | 100574544 | Yes Bank Limited | ₹4.99 Cr | Satisfied | |
| 26 Apr 2013 | 10425002 | Others | ₹3.91 Cr | Satisfied | |
| 20 Mar 2013 | 10425000 | Others | ₹4.46 Cr | Satisfied |
To see the full charge records of Sunshine Velvet Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Sunshine Velvet Private Limited has 3 court cases on record: 1 filed by Sunshine Velvet, 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court of Delhi | Commercial suit | Filed by the company against an individual | Disposed |
To see the full case history of Sunshine Velvet 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 Sunshine Velvet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sunshine Velvet has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCS0936M1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sunshine Velvet Private Limited, buy the company report.
Recent activity
Sunshine Velvet Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Garima Kapil Shorewala ceased to be Director on 01 Jan 2022.
AGM
Sunshine Velvet Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sunshine Velvet Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 29 Apr 2022 via Charge ID 100574544 with Yes Bank Limited was fully satisfied on 08 Aug 2024.
Charges
A charge with Others amounted to Rs. 750.00 Lakh with Charge ID 100979525 was registered on 10 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.05 Lakh with Charge ID 100630213 was registered on 12 Oct 2022.
Charges
A charge with Yes Bank Limited amounted to Rs. 498.67 Lakh with Charge ID 100574544 was registered on 29 Apr 2022.
Charges
A charge registered on 26 Apr 2013 via Charge ID 10425002 with Others was fully satisfied on 07 Apr 2022.
Charges
A charge registered on 20 Mar 2013 via Charge ID 10425000 with Others was fully satisfied on 07 Apr 2022.
Ceased
Garima Kapil Shorewala ceased to be Director.
Ceased
Pushpadevi Ajaykumar Shorewala ceased to be Director.
Charges
A charge with Others of Rs. 390.67 Lakh registered on 26 Apr 2013 with Charge ID 10425002 was modified on 26 Aug 2020.
Charges
A charge with Others of Rs. 446.29 Lakh registered on 20 Mar 2013 with Charge ID 10425000 was modified on 03 Jul 2020.
9 earlier events are in the company report.
Frequently asked questions
Sunshine Velvet is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 June 2005 (21+ years old) and is registered under CIN U17200MH2005PTC154227.
Sunshine Velvet has 2 current directors:
- Ajaykumar Meghraj Shorewala - Director
- Kapil Ajaykumar Shorewala - Director
The latest financial statements of Sunshine Velvet on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sunshine Velvet is 24AAJCS0936M1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Sunshine Velvet is U17200MH2005PTC154227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunshine Velvet has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district courts.
Sunshine Velvet was incorporated on 24 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sunshine Velvet by revenue are Britannia Labels India Private Limited, Leisure Wear Exports Ltd, Vallabh Knits Private Limited, Mamtalaxmi Sarees Private Limited, Silver Creative Fabrics Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Garima Kapil Shorewala ceased to be Director on 01 Jan 2022. Pushpadevi Ajaykumar Shorewala ceased to be Director on 01 Jan 2022. Manish Kantilal Sheth ceased to be Director on 07 Aug 2008. Sunshine Velvet has 5 board changes on record in total.
Yes, Sunshine Velvet is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0033532).
Sunshine Velvet can be reached through the website sanchivelvets.in. Its registered office is in Mumbai, Maharashtra, India.
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