MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0127813
Topman International Limited - fashion and textile in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹155.61 Cr
▲ 2% YoY
Net profit · FY 2024
₹2 Cr
Net margin 1.3%
EBITDA · FY 2024
₹5.66 Cr
EBITDA margin 3.6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹14.26 Lakh
Issued & subscribed
Open charges
₹12.71 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
23
Provident fund records
About Topman International Limited
Data last updated:
Topman International Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 27 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH2005PLC157109. Its GSTIN is 27AACCT3347G1ZD (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹14.26 Lakh. It was formerly known as Topman Exports Limited. It is led by directors including Shreeram Kishan Swaroop Goyal and Yash Satish Agarwal.
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 J – 303 3rd Floor Tex Centre Near H.D.F.C. Bank Off Saki Vihar Road Chandivali, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2024, the company reported a revenue of ₹155.61 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2 Cr (net margin 1.3%) and EBITDA of ₹5.66 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 10% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Topman. As per MCA filings, the company has open charges of ₹12.71 Cr on record. Court records list 44 cases involving the company, including 27 filed by the company and 17 filed against it; 18 cases are pending.
Topman International Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0127813). 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 U99999MH2005PLC157109
Registration Number 157109
Incorporation Date 27 October 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0127813
CIN history
Topman International has one previous CIN (Corporate Identification Number): U99999MH2005PTC157109. The current CIN is U99999MH2005PLC157109, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH2005PLC157109 | Current |
| U99999MH2005PTC157109 | Previous |
Key People
Shreeram Kishan Swaroop Goyal Director Yash Satish Agarwal Director Manas Ashok Agarwal Director Recognitions & Rankings of Topman International
Contact details
Topman International Limited's registered office is in Mumbai, Maharashtra. Its website is topmanfabrics.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressJ – 303 3rd Floor Tex Centre Near H.D.F.C. Bank Off Saki Vihar Road Chandivali, Mumbai, Maharashtra, India – 400072
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Topman International Limited, buy the company report.
Comprehensive company report
Topman International 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Topman International operates one associated brand: TOPMAN. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of fabrics and apparel in India. | topmanfabrics.com |
Business activity
The main business activity of Topman International 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 International Limited, buy the company report.
Financials of Topman International Limited
FY 2024 filings availableTopman International Limited reported revenue of ₹155.61 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹155.61 Cr ▲ 2%
Net profit · FY 2024
₹2 Cr margin 1.3%
EBITDA · FY 2024
₹5.66 Cr margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 36%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 11%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 2% growth in the latest year. EBITDA fell 17% 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 | ₹5.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2 Cr | ||||
| 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 | 3.6% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Topman International Limited, buy the company report.
Board of directors of Topman International Limited
Topman International has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreeram Kishan Swaroop Goyal Also directs: Sujag Textile Private Limited, Topman Industry Private Limited | Director | 13 Oct 2005 | 21 Years 0 Months | Current |
| Yash Satish Agarwal Also directs: Sujag Textile Private Limited, Topman Industry Private Limited | Director | 09 Feb 2014 | 12 Years 8 Months | Current |
| Manas Ashok Agarwal Also directs: Sujag Textile Private Limited, Topman Industry Private Limited | Director | 09 Feb 2014 | 12 Years 8 Months | Current |
Peer comparison
Topman International Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Branded Wear), 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 |
|---|---|---|---|---|---|---|
| Shirt Company (India) Private Limited | ₹167.03 Cr (FY 2015) | 32.0% | Mumbai, Maharashtra, India | |||
| Celebrity Fashions Limited | ₹165.67 Cr (FY 2025) | -52.0% | Chennai, Tamil Nadu, India | |||
| Shipra Commercial Pvt Ltd | ₹164.68 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Zonac Knitting Machines Pvt Ltd | ₹157.85 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Topman International Limitedthis company | ₹155.61 Cr (FY 2024) | ₹2 Cr | 1.3% | 2.0% | 23 | Mumbai, Maharashtra, India |
| Jinaam's Dress Limited | ₹149.91 Cr (FY 2019) | -3.0% | Surat, Gujarat, India | |||
| Trishul Dealcom Private Limited | ₹139.87 Cr (FY 2025) | 30.0% | Howrah, West Bengal, India |
To see the full peer comparison of Topman International Limited, buy the company report.
Auditor
Topman International Limited is audited by K K JHUNJHUNWALA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K JHUNJHUNWALA & CO | FY 2023 | 111852W |
Shareholding
The shareholding of Topman International Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Topman International Limited, buy the company report.
Charges & borrowings
Open charges
₹12.71 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2025 | 101217102 | Hdfc Bank Limited | ₹11.82 Lakh | Open | |
| 22 Jul 2025 | 101136353 | Others | ₹6 Cr | Open | |
| 27 Jan 2025 | 101041336 | Canara Bank | ₹8.7 Lakh | Open | |
| 10 Dec 2024 | 101040768 | Canara Bank | ₹2.05 Cr | Open | |
| 08 Aug 2024 | 100967888 | Canara Bank | ₹4 Cr | Open |
Total charge records: 8 View all charges
Legal cases
Topman International Limited has 44 court cases on record: 27 filed by Topman International, 17 filed against it. 18 cases are pending and 26 are disposed.
Total cases
44
Filed by the company
27
Filed against the company
17
Pending
18
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 16 | 18 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Tessile Clothing Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Aaroka Fashion Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Shapos Services Private Limited and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Shapos Services Private Limited and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Komal Worldwide Pvt Ltd and 4 others | Disposed |
To see the full case history of Topman International 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 International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Topman International has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Associated companies
Employees & EPFO
Topman International Limited has a workforce of 23 employees on its EPFO records as of Apr 01, 2024, across 4 active EPFO establishments.
Employee count
23
Active EPFO establishments
4
Employee growth
-4.17%
GST
Topman International has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT3347G1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Topman International Limited, buy the company report.
Recent activity
Topman International Limited has 7 board changes on record since 2005: 5 appointments and 2 cessations. The latest: Ashok Shrikishan Agrawal ceased to be Director on 10 Feb 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101217102 was registered on 04 Nov 2025.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101136353 was registered on 22 Jul 2025.
Charges
A charge with Canara Bank amounted to Rs. 0.09 Cr with Charge ID 101041336 was registered on 27 Jan 2025.
Charges
A charge with Canara Bank amounted to Rs. 2.05 Cr with Charge ID 101040768 was registered on 10 Dec 2024.
AGM
Topman International Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 4.00 Cr with Charge ID 100967888 was registered on 08 Aug 2024.
Filing
Topman International Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100687431 was registered on 04 Feb 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100621404 was registered on 06 Sep 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100588182 was registered on 28 Apr 2022.
Ceased
Ashok Shrikishan Agrawal ceased to be Director.
Ceased
Satish Shree Krishan Agarwal ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Topman International 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 27 October 2005 (21+ years old) and is registered under CIN U99999MH2005PLC157109.
Topman International has 3 current directors:
- Shreeram Kishan Swaroop Goyal - Director
- Yash Satish Agarwal - Director
- Manas Ashok Agarwal - Director
The latest financial statements of Topman International 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 International is 27AACCT3347G1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Topman International is U99999MH2005PLC157109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topman International has 44 court cases on record: 27 filed by the company and 17 filed against it. 18 are pending. Most are in the district courts.
Topman International was incorporated on 27 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Topman International by revenue are Shirt Company (India) Private Limited, Celebrity Fashions Limited, Shipra Commercial Pvt Ltd, Zonac Knitting Machines Pvt Ltd, Jinaam's Dress Limited and 1 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Ashok Shrikishan Agrawal ceased to be Director on 10 Feb 2014. Satish Shree Krishan Agarwal ceased to be Director on 10 Feb 2014. Manas Ashok Agarwal was appointed as Director on 09 Feb 2014. Topman International has 7 board changes on record in total.
Yes, Topman International is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0127813).
Topman International can be reached through the website topmanfabrics.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages