About Topsons Blue Private Limited
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Topsons Blue Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 01 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17299MH2007PTC173719. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors including Kamla Sunder Ghanshani and Deena Rajesh Ghanshani.
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 702 Sangeeta 15th Road Santacruz (W), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2025, the company reported a revenue of ₹17,240, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹14,162 (net margin -82.1%) and EBITDA of -₹1,159 (EBITDA margin -6.7%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 39% over five years.
As per MCA filings, the company has satisfied charges of ₹80 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluetonic.in.
Company details
Contact details
Topsons Blue Private Limited's registered office is in Mumbai, Maharashtra. Its website is bluetonic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address702 Sangeeta 15th Road Santacruz (W), Mumbai, Maharashtra, India – 400054
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Topsons Blue 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 Topsons Blue is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Topsons Blue Private Limited, buy the company report.
Financials of Topsons Blue Private Limited
FY 2025 filings availableTopsons Blue Private Limited reported revenue of ₹17,240 (down 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 90% fall in the latest year. EBITDA rose 100% 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 | -₹1,159 | ||||
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| Net Profit (PAT) | -₹14,162 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -6.7% | ||||
| Net Profit Margin | -82.1% | ||||
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To see the full financial statements and ratios of Topsons Blue Private Limited, buy the company report.
Board of directors of Topsons Blue Private Limited
Topsons Blue has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deena Rajesh Ghanshani | Additional Director | 01 Jan 2019 | 7 Years 9 Months | Current |
| Diva Rajesh Ghanshani | Additional Director | 17 Sep 2020 | 6 Years 1 Months | Current |
| Rajesh Sunder Ghanshani | Additional Director | 10 Jun 2023 | 3 Years 4 Months | Current |
| Kamla Sunder Ghanshani | Director | 05 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Topsons Blue Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samarpan Mall Network Private Limited | ₹17,699 (FY 2023) | Surat, Gujarat, India | ||||
| 3A Marketing Private Limited | ₹17,400 (FY 2018) | -99.0% | Hyderabad, Telangana, India | |||
| Topsons Blue Private Limitedthis company | ₹17,240 (FY 2025) | -₹14,162 | -82.1% | -90.0% | Mumbai, Maharashtra, India | |
| Anukrish Crafts Private Limited | ₹16,737 (FY 2023) | -67.0% | New Delhi, Delhi, India | |||
| Excellent Mercantile Private Limited | ₹16,720 (FY 2023) | -99.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Topsons Blue Private Limited, buy the company report.
Auditor
Topsons Blue Private Limited is audited by Aniket Kulkarni & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Aniket Kulkarni & Associates | FY 2016 |
Shareholding
The shareholding of Topsons Blue Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Topsons Blue Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2013 | 10451674 | Bank of India | ₹45 Lakh | Satisfied | |
| 19 Mar 2008 | 10106795 | Bank of India | ₹35 Lakh | Satisfied |
To see the full charge records of Topsons Blue Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Topsons Blue 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 Topsons Blue Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Topsons Blue 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 Topsons Blue Private Limited, buy the company report.
Recent activity
Topsons Blue Private Limited has 7 board changes on record since 2015: 4 appointments and 3 cessations. The latest: Rajesh Sunder Ghanshani was appointed as Additional Director on 10 Jun 2023.
3 earlier events are in the company report.
Frequently asked questions
Topsons Blue is an active private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 01 September 2007 (19+ years old) and is registered under CIN U17299MH2007PTC173719.
Topsons Blue has 4 current directors:
- Deena Rajesh Ghanshani - Additional Director
- Diva Rajesh Ghanshani - Additional Director
- Rajesh Sunder Ghanshani - Additional Director
- Kamla Sunder Ghanshani - Director
The latest financial statements of Topsons Blue 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 2015 are in the company report.
No. Topsons Blue has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Topsons Blue is U17299MH2007PTC173719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Topsons Blue was incorporated on 01 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Topsons Blue by revenue are Samarpan Mall Network Private Limited, 3A Marketing Private Limited, Anukrish Crafts Private Limited, Excellent Mercantile Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (retail trading).
Rajesh Sunder Ghanshani was appointed as Additional Director on 10 Jun 2023. Diva Rajesh Ghanshani was appointed as Additional Director on 17 Sep 2020. Rajesh Sunder Ghanshani ceased to be Managing Director on 31 May 2019. Topsons Blue has 7 board changes on record in total.
Topsons Blue can be reached through the website bluetonic.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Topsons Blue is at 702 Sangeeta 15th Road Santacruz W, Mumbai, Maharashtra, India – 400054.
Topsons Blue operates in the fashion and textile industry, in the fashion retail segment.