MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0001971
Tangerine Design Private Limited - consumer goods in Rajpura, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹45.54 Cr
▼ 74% YoY
Net profit · FY 2025
₹69.12 Cr
Net margin 151.8%
EBITDA · FY 2025
₹74.54 Cr
EBITDA margin 163.7%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.01 Cr
Issued & subscribed
Open charges
₹15 Lakh
Satisfied ₹147.05 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
1,717
Provident fund records
About Tangerine Design Private Limited
Data last updated:
Tangerine Design Private Limited is a private limited company based in Rajpura, Punjab, India, a subsidiary of Matrix Clothing Private Limited. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 04 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74900PB2013PTC066277. Its GSTIN is 06AAECT6475H1Z2 (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.01 Cr. It is led by directors Rajeev Dhawan and Angad Dhawan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rajpura, Punjab.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.54 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net profit of ₹69.12 Cr (net margin 151.8%) and EBITDA of ₹74.54 Cr (EBITDA margin 163.7%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 32% over five years.
The company has about 1,717 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Lakh and satisfied charges of ₹147.05 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 3 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in December 2013. Its 6 peer companies in the Consumer Products industry (Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 4 smaller; the largest is Alpine Impex Private Ltd with revenue of ₹46.44 Cr. The company has 2 MSME Form 1 returns on record between 2022 and 2023, listing 156 overdue payments to 113 micro and small suppliers.
Tangerine Design Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0001971). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website matrixclothing.in.
Company details
CIN U74900PB2013PTC066277
Registration Number 066277
Incorporation Date 04 June 2013
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Matrix Clothing Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0001971
CIN history
Tangerine Design has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900PB2013PTC066277, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900PB2013PTC066277 | Current |
| U74900DL2013PTC253464 | Previous |
| U74900HR2013PTC052899 | Previous |
Key People
Rajeev Dhawan Director Angad Dhawan Director Recognitions & Rankings of Tangerine Design
Contact details
Tangerine Design Private Limited's registered office is in Rajpura, Punjab.
- Registered AddressFirst Floor J – 7/6 Govind Colony, Statesman Building, Rajpura, Punjab, India – 140401
- IndustryConsumer Goods, Leather Goods Manufacturing
Comprehensive company report
Tangerine Design 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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Business activity
The main business activity of Tangerine Design 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 Tangerine Design Private Limited, buy the company report.
Financials of Tangerine Design Private Limited
FY 2024 filings availableTangerine Design Private Limited reported revenue of ₹45.54 Cr (down 74% YoY) for FY 2025.
Revenue · FY 2025
₹45.54 Cr ▼ 74%
Net profit · FY 2025
₹69.12 Cr margin 151.8%
EBITDA · FY 2025
₹74.54 Cr margin 163.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 74%
3 years · compounded
▼ 50%
5 years · compounded
▼ 32%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 35%
5 years · compounded
▲ 29%
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 74% fall in the latest year. EBITDA rose 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹74.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.12 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 163.7% | ||||
| Net Profit Margin | 151.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Tangerine Design Private Limited, buy the company report.
Board of directors of Tangerine Design Private Limited
Tangerine Design has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Dhawan Also directs: Tex Fasteners Private Limited, Basko Trading Private Limited, Tex Corp Private Limited and 5 more | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
| Angad Dhawan Also directs: Binapani Tie-Up Private Limited, Silver Towers Private Limited, Cineweb Commercial Private Limited and 2 more | Director | 28 Aug 2013 | 13 Years 1 Months | Current |
Peer comparison
Tangerine Design Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Leather Goods Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Alpine Impex Private Ltd | ₹46.44 Cr (FY 2025) | 97.0% | New Delhi, Delhi, India | |||
| Everest Tannery Private Limited | ₹45.93 Cr (FY 2025) | 5.0% | Uttar Pradesh, India | |||
| Tangerine Design Private Limitedthis company | ₹45.54 Cr (FY 2025) | ₹69.12 Cr | 151.8% | -74.0% | Rajpura, Punjab, India | |
| Omega Tannery India Private Limited | ₹44.84 Cr (FY 2025) | 60.0% | Kanpur, Uttar Pradesh, India | |||
| Ake Exporter Private Limited | ₹44.64 Cr (FY 2025) | 36.0% | Kolkata, West Bengal, India | |||
| Shivmani Exports Private Limited | ₹44.42 Cr (FY 2024) | -3.0% | Kolkata, West Bengal, India | |||
| Amin International Limited | ₹43.52 Cr (FY 2025) | -4.0% | Uttar Pradesh, India |
To see the full peer comparison of Tangerine Design Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Lakh
Satisfied charges
₹147.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2022 | 100677966 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 13 May 2022 | 100580192 | Hdfc Bank Limited | ₹11.23 Cr | Satisfied | |
| 22 Nov 2021 | 100506895 | Others | ₹2 Cr | Satisfied | |
| 07 Nov 2020 | 100387302 | Hdfc Bank Limited | ₹25 Cr | Satisfied | |
| 24 Oct 2019 | 100311207 | Axis Bank Limited | ₹32.34 Lakh | Satisfied |
To see the full charge records of Tangerine Design Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Tangerine Design Private Limited has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in December 2013.
Total deals
2
Secondary share transfer
1
Acquisition
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2013 | Acquisition | ₹3 Cr | Buyer: Matrix Clothing Private Limited |
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: Matrix Clothing Private Limited , Matrix Clothing Private Limited & Angad Dhawan Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tangerine Design Private Limited has 7 court cases on record: 4 filed by Tangerine Design, 3 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed by the company
4
Filed against the company
3
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Union of India & Ors. | Pending |
| District court, South West, Delhi | Civil suit | Filed against the company by State | Pending |
| High Court, HARYANA | Writ petition | Filed by the company against State of Haryana and Anr and 1 other | Pending |
| District court, Gurugram, Haryana | Court case (TRAFFIC) | Filed against the company by State of Haryana | Disposed |
| District court, Shahdara, Delhi | Civil suit | Filed against the company by State | Disposed |
To see the full case history of Tangerine Design 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.
Credit ratings & regulatory alerts
Tangerine Design Private Limited was last rated by Icra on 17 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Feb 2022 |
To see the full credit ratings and regulatory alerts of Tangerine Design Private Limited, buy the company report.
MSME payment delays
Tangerine Design Private Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 156 overdue payments to 113 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 113)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metalware Corporation | |||
| Richmarks International | |||
| Abml Air Cargo Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Tangerine Design Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Tangerine Design has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECT6475H1Z2 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tangerine Design Private Limited, buy the company report.
Recent activity
Tangerine Design Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Rajeev Dhawan ceased to be Additional Director on 29 Sep 2024.
AGM
Tangerine Design Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 24 Oct 2019 via Charge ID 100311207 with Axis Bank Limited was fully satisfied on 03 Mar 2025.
Charges
A charge registered on 01 Aug 2019 via Charge ID 100283793 with Others was fully satisfied on 22 Oct 2024.
Ceased
Rajeev Dhawan ceased to be Additional Director.
Filing
Tangerine Design Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Ceased
Gautam Nair ceased to be Director.
Appointed
Rajeev Dhawan was appointed as Director.
Charges
A charge registered on 22 Nov 2021 via Charge ID 100506895 with Others was fully satisfied on 25 Jan 2024.
Charges
A charge registered on 20 Jan 2015 via Charge ID 10548396 with Others was fully satisfied on 25 Jan 2024.
Charges
A charge registered on 22 May 2016 via Charge ID 100037542 with Others was fully satisfied on 12 Jan 2024.
Charges
A charge registered on 08 Apr 2014 via Charge ID 10505144 with Citi Bank N.A. was fully satisfied on 20 Dec 2023.
Charges
A charge registered on 13 May 2022 via Charge ID 100580192 with Hdfc Bank Limited was fully satisfied on 07 Nov 2023.
25 earlier events are in the company report.
Frequently asked questions
Tangerine Design is an active private limited company based in Rajpura, Punjab, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 04 June 2013 (13+ years old) and is registered under CIN U74900PB2013PTC066277.
Tangerine Design has 2 current directors:
- Rajeev Dhawan - Director
- Angad Dhawan - Director
The latest financial statements of Tangerine Design on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tangerine Design is 06AAECT6475H1Z2, registered in Haryana. 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 Tangerine Design is U74900PB2013PTC066277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tangerine Design has 7 court cases on record: 4 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Tangerine Design was incorporated on 04 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chandigarh.
Tangerine Design has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in December 2013.
The peers of Tangerine Design by revenue are Alpine Impex Private Ltd, Everest Tannery Private Limited, Omega Tannery India Private Limited, Ake Exporter Private Limited, Shivmani Exports Private Limited and 1 more, all in the Consumer Products industry (Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Rajeev Dhawan ceased to be Additional Director on 29 Sep 2024. Gautam Nair ceased to be Director on 11 Mar 2024. Rajeev Dhawan was appointed as Director on 11 Mar 2024. Tangerine Design has 6 board changes on record in total.
Yes, Tangerine Design is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0001971).
Tangerine Design has 2 MSME Form 1 returns on record between 2022 and 2023, listing 156 overdue payments to 113 micro and small suppliers. The latest return was filed on 27 Oct 2023.