MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-10-0005841
True Texofab Private Limited
True Texofab Private Limited - consumer goods in Panipat, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹75.42 Cr
▲ 58% YoY
Net profit · FY 2024
₹75.97 Lakh
Net margin 1%
EBITDA · FY 2024
₹5.32 Cr
EBITDA margin 7.1%
Authorised capital
₹4.75 Cr
Registered with MCA
Paid-up capital
₹4.75 Cr
Issued & subscribed
Open charges
₹33.56 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
5
Provident fund records
About True Texofab Private Limited
Data last updated:
True Texofab Private Limited is a private limited company based in Panipat, Haryana, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 28 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17299HR2020PTC085637. Its GSTIN is 06AAHCT7992C1Z1 (Haryana).
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹4.75 Cr. It is led by directors Garv Magan and Shikhar Vij.
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 356 – R Model Town, Panipat, Haryana, India – 132103.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.42 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹75.97 Lakh (net margin 1%) and EBITDA of ₹5.32 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 329% over three years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹33.56 Cr on record.
True Texofab Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-10-0005841).
Company Details of True Texofab Private Limited
CIN U17299HR2020PTC085637
Registration Number 085637
Incorporation Date 28 February 2020
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-HR-10-0005841
Key People
Garv Magan Director Shikhar Vij Director Recognitions & Rankings of True Texofab
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address356 – R Model Town, Panipat, Haryana, India – 132103
- IndustryConsumer Goods, Home Furnishings Manufacturing
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Business Activity of True Texofab Private Limited
The main business activity of True Texofab is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of True Texofab Private Limited FY 2025 filings available
True Texofab Private Limited reported revenue of ₹75.42 Cr (up 58% YoY) for FY 2024.
Revenue · FY 2024
₹75.42 Cr ▲ 58%
Net profit · FY 2024
₹75.97 Lakh margin 1%
EBITDA · FY 2024
₹5.32 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR) of True Texofab Private Limited
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 329%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 293%
Revenue has grown at a compounded annual rate (CAGR) of 329% over three years, including 58% growth in the latest year. EBITDA rose 26% 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 of True Texofab Private Limited
| 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 | ₹5.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹75.97 Lakh | •••• | •••• | •••• | •••• |
| 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 of True Texofab Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of True Texofab are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of True Texofab Private Limited
True Texofab has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Garv Magan Also directs: Magan Enterprises LLP | Director | 28 Feb 2020 | 6 Years 7 Months | Current |
| Shikhar Vij | Director | 28 Feb 2020 | 6 Years 7 Months | Current |
Peer Comparison of True Texofab Private Limited
True Texofab Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Home Furnishings Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Winterhugs Textiles Private Limited | ₹77.51 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Panipat, Haryana, India |
| RF Gala India Decor Private Limited | ₹77 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Tuticorin, Tamil Nadu, India |
| Anisa Carpets Limited | ₹76.65 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Bhadohi, Uttar Pradesh, India |
| Shakti Foams Private Limited | ₹76.6 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Delhi, India |
| M .H. Polymers Private Limited | ₹76.41 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | New Delhi, Delhi, India |
| True Texofab Private Limited this company | ₹75.42 Cr (FY 2024) | •••• | •••• | 58.0% | •••• | Panipat, Haryana, India |
| Famous Foam & Mattresses Private Limited | ₹74.74 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Tumkur, Karnataka, India |
| Devgiri Overseas Private Limited | ₹73.7 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Jaipur, Rajasthan, India |
| Samara Retail India Private Limited | ₹72.77 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Cosmic Rugs Private Limited | ₹71.38 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Huda Indl Area Panipat, Haryana, India |
| M.D.J.Texco Fab Private Limited | ₹71.08 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below True Texofab by revenue in the Consumer Products industry (Home Furnishings Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of True Texofab Private Limited
True Texofab Private Limited is audited by Mukesh Asija & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mukesh Asija & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of True Texofab Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of True Texofab Private Limited
Open charges
₹33.56 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Oct 2025 | Others | ₹4.28 Cr | Open |
| 28 Jul 2025 | Hdfc Bank Limited | ₹19.33 Lakh | Open |
| 21 Jun 2024 | Hdfc Bank Limited | ₹19.64 Lakh | Open |
| 22 May 2024 | Hdfc Bank Limited | ₹20.12 Lakh | Open |
| 04 Dec 2020 | Others | ₹28.69 Cr | Open |
Total charge records: 5 View all charges
Employees and EPFO Compliance at True Texofab Private Limited
True Texofab Private Limited has a workforce of 5 employees as of Apr 04, 2024.
Employee count
5
Active EPFO establishments
1
Employee growth
-28.57%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on True Texofab Private Limited
True Texofab Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Garv Magan was appointed as Director on 28 Feb 2020.
Charges
A charge with Others amounted to Rs. 4.28 Cr with Charge ID 101173052 was registered on 23 Oct 2025.
Charges
A charge with Others of Rs. 28.69 Cr registered on 04 Dec 2020 with Charge ID 100400951 was modified on 23 Oct 2025.
AGM
True Texofab Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 101159496 was registered on 28 Jul 2025.
Filing
True Texofab Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100947030 was registered on 21 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100928677 was registered on 22 May 2024.
Charges
A charge with Others amounted to Rs. 28.69 Cr with Charge ID 100400951 was registered on 04 Dec 2020.
Appointed
Garv Magan was appointed as Director.
Appointed
Shikhar Vij was appointed as Director.
Incorporation
28 Feb 2020
True Texofab Private Limited was registered on 28 Feb 2020 with Roc Delhi & aged 6 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for True Texofab Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by True Texofab Private Limited
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Subsidiaries & Group Companies of True Texofab Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of True Texofab Private Limited
True Texofab has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCT7992C1Z1 | Haryana | Active | 20 Mar 2020 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of True Texofab Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about True Texofab Private Limited
True Texofab is an active private limited company based in Panipat, Haryana, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 28 February 2020 (6+ years old) and is registered under CIN U17299HR2020PTC085637.
True Texofab reported revenue of ₹75.42 Cr for FY 2024 (up 58% YoY).
True Texofab has 2 current directors:
- Garv Magan - Director
- Shikhar Vij - Director
True Texofab reported a net profit of ₹75.97 Lakh (net margin 1%) and EBITDA of ₹5.32 Cr (EBITDA margin 7.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of True Texofab is 329% over three years. In the latest year (FY 2024) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of True Texofab is 06AAHCT7992C1Z1, registered in Haryana.
The CIN (Corporate Identification Number) of True Texofab is U17299HR2020PTC085637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Texofab was incorporated on 28 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of True Texofab by revenue are Winterhugs Textiles Private Limited, RF Gala India Decor Private Limited, Anisa Carpets Limited, Shakti Foams Private Limited, M .H. Polymers Private Limited and 5 more, all in the Consumer Products industry (Home Furnishings Manufacturers).
Garv Magan was appointed as Director on 28 Feb 2020. Shikhar Vij was appointed as Director on 28 Feb 2020.
Yes, True Texofab is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-10-0005841).