Team11 Eyewear Private Limited
About Team11 Eyewear Private Limited
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Team11 Eyewear Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 13 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC099072. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hardikkumar Virjibhai Borsaniya and Bipinbhai Nandlal Borsaniya.
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 Sapphire Tower Shop No. 18 Ground Floor Vill. : Shapar Tal. : Kotda Sangani, Rajkot, Gujarat, India – 360024.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.22 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹38,220 (net margin -17.2%) and EBITDA of -₹22,918 (EBITDA margin -10.3%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Team11 Eyewear Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSapphire Tower Shop No. 18 Ground Floor Vill. : Shapar Tal. : Kotda Sangani, Rajkot, Gujarat, India – 360024
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Team11 Eyewear 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
Financials of Team11 Eyewear Private Limited
FY 2025 filings availableTeam11 Eyewear Private Limited reported revenue of ₹2.22 Lakh (down 75% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2.22 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹22,918 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹38,220 | ||
| 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 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -10.3% | ||
| Net Profit Margin | -17.2% | ||
| 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 Team11 Eyewear Private Limited, buy the company report.
Board of directors of Team11 Eyewear Private Limited
Team11 Eyewear 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 |
|---|---|---|---|---|
| Hardikkumar Virjibhai Borsaniya | Director | 13 Sep 2017 | 9 Years 1 Months | Current |
| Bipinbhai Nandlal Borsaniya | Director | 13 Sep 2017 | 9 Years 1 Months | Current |
Auditor
Team11 Eyewear Private Limited is audited by A J KANSAGRA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A J KANSAGRA & ASSOCIATES | FY 2018 | 136291W |
Shareholding
The shareholding of Team11 Eyewear Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Team11 Eyewear Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Team11 Eyewear 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 Team11 Eyewear Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Team11 Eyewear has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Team11 Eyewear Private Limited, buy the company report.
Recent activity
Team11 Eyewear Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Bipinbhai Nandlal Borsaniya was appointed as Director on 13 Sep 2017.
Frequently asked questions
Team11 Eyewear is an active private limited company based in Rajkot, Gujarat, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 13 September 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC099072.
Team11 Eyewear has 2 current directors:
- Hardikkumar Virjibhai Borsaniya - Director
- Bipinbhai Nandlal Borsaniya - Director
The latest financial statements of Team11 Eyewear 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 FY 2018 are in the company report.
No. Team11 Eyewear has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Team11 Eyewear is U74999GJ2017PTC099072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Team11 Eyewear was incorporated on 13 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bipinbhai Nandlal Borsaniya was appointed as Director on 13 Sep 2017. Hardikkumar Virjibhai Borsaniya was appointed as Director on 13 Sep 2017. Prema Kumar Doddamitta was appointed as Other Promoter on 13 Sep 2017.
The registered office of Team11 Eyewear is at Sapphire Tower Shop No. 18 Ground Floor Vill. : Shapar Tal. : Kotda Sangani, Rajkot, Gujarat, India – 360024.
Team11 Eyewear operates in the consumer goods industry, in the accessories retail and distribution segment.
The compliance status of Team11 Eyewear is compliant as of 10 August 2026. The company is actively filing with the Registrar of Companies.
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