MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0011370
Topman Exports Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹130.95 Cr
▲ 132% YoY
Net profit · FY 2024
₹34.06 Cr
Net margin 26%
EBITDA · FY 2024
₹37.33 Cr
EBITDA margin 28.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.02 Cr
Issued & subscribed
Satisfied charges
₹521.78 Cr
No open charges
Company age
18 yrs
Est. 2008
Employees · EPFO
18
Provident fund records
About Topman Exports Limited
Data last updated:
Topman Exports Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Yashasvee Textiles Private Limited. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 09 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18109MH2008PLC177635. Its GSTIN is 27AACCT8222A1ZP (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.02 Cr. It is led by directors including Keshav Rai (Managing Director) and Ajay Omprakash Dadhich.
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 331 – A Badamwadi Shop No. 82 Kalbadevi Road, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2024, the company reported a revenue of ₹130.95 Cr, a growth of 132% compared to the previous year. For the same year it recorded a net profit of ₹34.06 Cr (net margin 26%) and EBITDA of ₹37.33 Cr (EBITDA margin 28.5%). Revenue has grown at a compounded annual rate (CAGR) of 174% over three years and 80% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹521.78 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending.
Topman Exports Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0011370). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website topmanfabrics.com.
Company details
CIN U18109MH2008PLC177635
Registration Number 177635
Incorporation Date 09 January 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Yashasvee Textiles Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0011370
Key People
Keshav Rai Managing Director Ajay Omprakash Dadhich Director Chetan Prakash Agarwal Director Recognitions & Rankings of Topman Exports
Contact details
Topman Exports Limited's registered office is in Mumbai, Maharashtra. Its website is topmanfabrics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address331 – A Badamwadi Shop No. 82 Kalbadevi Road, Mumbai, Maharashtra, India – 400002
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Topman Exports Limited, buy the company report.
Comprehensive company report
Topman Exports 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 Topman Exports 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 Topman Exports Limited, buy the company report.
Financials of Topman Exports Limited
FY 2024 filings availableTopman Exports Limited reported revenue of ₹130.95 Cr (up 132% YoY) for FY 2024.
Revenue · FY 2024
₹130.95 Cr ▲ 132%
Net profit · FY 2024
₹34.06 Cr margin 26%
EBITDA · FY 2024
₹37.33 Cr margin 28.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 132%
3 years · compounded
▲ 174%
5 years · compounded
▲ 80%
EBITDA CAGR growth
1 year
▲ 98%
3 years · compounded
▲ 315%
5 years · compounded
▲ 75%
Revenue has grown at a compounded annual rate (CAGR) of 80% over five years, including 132% growth in the latest year. EBITDA rose 98% 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 |
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| Total Expenses | |||||
| EBITDA | ₹37.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.06 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.5% | ||||
| Net Profit Margin | 26% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Topman Exports Limited, buy the company report.
Board of directors of Topman Exports Limited
Topman Exports has 3 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 |
|---|---|---|---|---|
| Keshav Rai | Managing Director | 06 Sep 2021 | 5 Years 1 Months | Current |
| Ajay Omprakash Dadhich | Director | 06 Sep 2021 | 5 Years 1 Months | Current |
| Chetan Prakash Agarwal Also directs: Shrinath Royal Infra LLP, Shrinath Infra Developers LLP, Yashasvee Textiles Private Limited and 2 more | Director | 06 Sep 2021 | 5 Years 1 Months | Current |
Peer comparison
Topman Exports Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Asm Home Furnishings Private Limited | ₹131.35 Cr (FY 2025) | -1.0% | Panipat, Haryana, India | |||
| Balaji Filaments Private Limited | ₹131.35 Cr (FY 2025) | -48.0% | Mumbai, Maharashtra, India | |||
| Conifer Industries Private Limited | ₹131.07 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| United Fashion Apparels Private Limited | ₹131.04 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Chahal Spintex Private Limited | ₹131 Cr (FY 2025) | 22.0% | Bathinda, Punjab, India | |||
| Topman Exports Limitedthis company | ₹130.95 Cr (FY 2024) | ₹34.06 Cr | 26% | 132.0% | 18 | Mumbai, Maharashtra, India |
| Messianic Clothing Private Limited | ₹130.58 Cr (FY 2025) | 11.0% | Noida, Uttar Pradesh, India | |||
| Gaurja Spinning Mill Private Limited | ₹130.37 Cr (FY 2025) | 1083.0% | Wardha, Maharashtra, India | |||
| Titaanium Ten Enterprise Limited | ₹130.36 Cr (FY 2025) | -32.0% | Surat, Gujarat, India | |||
| Harit Industries Limited | ₹130.08 Cr (FY 2025) | 9.0% | Bhiwandi, Maharashtra, India |
To see the full peer comparison of Topman Exports Limited, buy the company report.
Auditor
Topman Exports Limited is audited by SHAH & TAPARIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & TAPARIA | FY 2023 | 109463W |
Shareholding
The shareholding of Topman Exports 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Topman Exports Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹521.78 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2012 | 10344637 | Others | ₹97.72 Cr | Satisfied | |
| 11 Dec 2010 | 10258651 | Others | ₹19 Cr | Satisfied | |
| 10 Dec 2010 | 10258653 | Oriental Bank of Commerce | ₹97.72 Cr | Satisfied | |
| 10 Dec 2010 | 10258654 | Others | ₹97.72 Cr | Satisfied | |
| 04 Mar 2010 | 10211098 | Others | ₹97.72 Cr | Satisfied |
To see the full charge records of Topman Exports Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Topman Exports Limited has 4 court cases on record: 1 filed by Topman Exports, 3 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Bharti Syntex Ltd, Through Rajkumar Ram Charitra Dubey | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Bharti Syntex Ltd. Through Rajkumar Ram Charitra Dubey | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Sanket Overseas Pvt Ltd | Disposed |
To see the full case history of Topman Exports 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 Topman Exports Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Topman Exports Limited has a workforce of 18 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
Employee count
18
Active EPFO establishments
3
Employee growth
5.88%
GST
Topman Exports has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT8222A1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Topman Exports Limited, buy the company report.
Recent activity
Topman Exports Limited has 6 board changes on record since 2021: 3 appointments and 3 cessations. The latest: Ashok Shrikishan Agrawal ceased to be Director on 14 Sep 2021.
AGM
Topman Exports Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Topman Exports Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 20 Mar 2012 via Charge ID 10344637 with Others was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 11 Dec 2010 via Charge ID 10258651 with Others was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 10 Dec 2010 via Charge ID 10258653 with Oriental Bank Of Commerce was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 10 Dec 2010 via Charge ID 10258654 with Others was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 04 Mar 2010 via Charge ID 10211098 with Others was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 05 Jun 2008 via Charge ID 10113799 with Others was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 05 May 2008 via Charge ID 10111193 with Others was fully satisfied on 24 Mar 2022.
Charges
A charge registered on 05 May 2008 via Charge ID 10111466 with Others was fully satisfied on 24 Mar 2022.
Ceased
Ashok Shrikishan Agrawal ceased to be Director.
Ceased
Kishan Swaroop Goyal ceased to be Director.
21 earlier events are in the company report.
Frequently asked questions
Topman Exports is an active public limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 09 January 2008 (18+ years old) and is registered under CIN U18109MH2008PLC177635.
Topman Exports has 3 current directors:
- Keshav Rai - Managing Director
- Ajay Omprakash Dadhich - Director
- Chetan Prakash Agarwal - Director
The latest financial statements of Topman Exports 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 Topman Exports is 27AACCT8222A1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Topman Exports is U18109MH2008PLC177635. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topman Exports has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending.
Topman Exports was incorporated on 09 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Topman Exports by revenue are Asm Home Furnishings Private Limited, Balaji Filaments Private Limited, Conifer Industries Private Limited, United Fashion Apparels Private Limited, Chahal Spintex Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ashok Shrikishan Agrawal ceased to be Director on 14 Sep 2021. Kishan Swaroop Goyal ceased to be Director on 14 Sep 2021. Satish Shree Krishan Agarwal ceased to be Director on 14 Sep 2021. Topman Exports has 6 board changes on record in total.
Yes, Topman Exports is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0011370).
Topman Exports can be reached through the website topmanfabrics.com. Its registered office is in Mumbai, Maharashtra, India.