About Textile Sourcing and Services Private Limited
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Textile Sourcing and Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 21 July 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA1998PTC023976. Its GSTIN is 29AAACT7457K1ZR (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Venu Gopal Nambiar (Managing Director) and Rachel Kattukaran.
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 No. 2 Hayes Road Richmond Town, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.22 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹7.18 Cr and EBITDA of -₹7.01 Cr. Revenue has declined at a compounded annual rate (CAGR) of 79% over three years and 63% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹10.26 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tssindia.com.
Company details
Contact details
Textile Sourcing and Services Private Limited's registered office is in Bangalore, Karnataka. Its website is tssindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 2 Hayes Road Richmond Town, Bangalore, Karnataka, India – 560025
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Textile Sourcing and Services 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
Business activity
The main business activity of Textile Sourcing and Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Textile Sourcing and Services Private Limited, buy the company report.
Financials of Textile Sourcing and Services Private Limited
FY 2024 filings availableTextile Sourcing and Services Private Limited reported revenue of ₹8.22 Lakh (down 92% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 92% fall in the latest year. EBITDA fell 313% 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 | -₹7.01 Cr | ||||
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| Net Profit (PAT) | -₹7.18 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Textile Sourcing and Services Private Limited, buy the company report.
Board of directors of Textile Sourcing and Services Private Limited
Textile Sourcing and Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venu Gopal Nambiar | Managing Director | 21 Jul 1998 | 28 Years 3 Months | Current |
| Rachel Kattukaran | Director | 21 Jul 1998 | 28 Years 3 Months | Current |
Auditor
Textile Sourcing and Services Private Limited is audited by Vinay and Keshava LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinay and Keshava LLP | FY 2023 | 005586S/S-200008 |
Shareholding
The shareholding of Textile Sourcing and Services 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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To see the full shareholding pattern of Textile Sourcing and Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Oct 2012 | 10438299 | Icici Bank Limited | ₹10 Cr | Satisfied | |
| 10 Jun 2006 | 10008047 | Centurion Bank of Punjab Limited | ₹25.65 Lakh | Satisfied |
To see the full charge records of Textile Sourcing and Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Textile Sourcing and Services Private Limited has 3 court cases on record: 1 filed by Textile Sourcing and Services, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Gokaldas Exports Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by Travels Tours Private Limited | Disposed |
To see the full case history of Textile Sourcing and Services 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 Textile Sourcing and Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Textile Sourcing and Services Private Limited has a workforce of 20 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Textile Sourcing and Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT7457K1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Textile Sourcing and Services Private Limited, buy the company report.
Recent activity
Textile Sourcing and Services Private Limited has 5 board changes on record since 1998: 2 appointments and 3 cessations. The latest: Bopanna Ballachanda Madaiah ceased to be Ceo(Kmp) on 31 Mar 2018.
Frequently asked questions
Textile Sourcing and Services is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 21 July 1998 (28+ years old) and is registered under CIN U74140KA1998PTC023976.
Textile Sourcing and Services has 2 current directors:
- Venu Gopal Nambiar - Managing Director
- Rachel Kattukaran - Director
The latest financial statements of Textile Sourcing and Services 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 2015 are in the company report.
The GSTIN of Textile Sourcing and Services is 29AAACT7457K1ZR, registered in Karnataka. 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 Textile Sourcing and Services is U74140KA1998PTC023976. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Textile Sourcing and Services has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Textile Sourcing and Services was incorporated on 21 July 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Bopanna Ballachanda Madaiah ceased to be Ceo(Kmp) on 31 Mar 2018. Venu Gopal Nambiar ceased to be Director on 01 Jan 2015. Jacob Mammen ceased to be Director on 16 Apr 2007. Textile Sourcing and Services has 5 board changes on record in total.
Textile Sourcing and Services can be reached through the website tssindia.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Textile Sourcing and Services is at No. 2 Hayes Road Richmond Town, Bangalore, Karnataka, India – 560025.