About Turquoise & Gold Apparels Private Limited
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Turquoise & Gold Apparels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18109KA2008PTC048645. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Dimple Varma (Managing Director) and Natasha Mahindra.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at B – 24 Kssidc Industrial Estate Yelahanka, Bangalore, Karnataka, India – 560064.
As per the financials filed for FY 2018, the company reported a revenue of ₹19.86 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹14.2 Cr (net margin -71.5%) and EBITDA of -₹11.68 Cr (EBITDA margin -58.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company has open charges of ₹14 Cr on record. Court records list 91 cases involving the company, including 13 filed by the company and 78 filed against it; 25 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website turquoiseandgold.com.
Company details
Contact details
Turquoise & Gold Apparels Private Limited's registered office is in Bangalore, Karnataka. Its website is turquoiseandgold.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB – 24 Kssidc Industrial Estate Yelahanka, Bangalore, Karnataka, India – 560064
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Turquoise & Gold Apparels 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 Turquoise & Gold Apparels 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 Turquoise & Gold Apparels Private Limited, buy the company report.
Financials of Turquoise & Gold Apparels Private Limited
FY 2018 filings availableTurquoise & Gold Apparels Private Limited reported revenue of ₹19.86 Cr (down 62% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 62% fall in the latest year. EBITDA fell 467% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹19.86 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹11.68 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹14.2 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -58.8% | |||
| Net Profit Margin | -71.5% | |||
| 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 Turquoise & Gold Apparels Private Limited, buy the company report.
Board of directors of Turquoise & Gold Apparels Private Limited
Turquoise & Gold Apparels has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dimple Varma Also directs: Wild Mandarin Cancer Connect LLP | Managing Director | 18 Dec 2008 | 17 Years 10 Months | Current |
| Natasha Mahindra | Director | 18 Dec 2008 | 17 Years 10 Months | Current |
Peer comparison
Turquoise & Gold Apparels Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Sri Senthilandavar Cotton Mills Private Limited | ₹20.77 Cr (FY 2025) | 12.0% | Coimbatore Dt, Tamil Nadu, India | |||
| A N A Fashions Private Limited | ₹20.77 Cr (FY 2025) | 46.0% | Noida, Uttar Pradesh, India | |||
| Shri Ganesh Clothing Private Limited | ₹20.73 Cr (FY 2025) | 23.0% | Ludhiana, Punjab, India | |||
| Bhavna Processors Pvt Ltd | ₹20.72 Cr (FY 2024) | -13.0% | Ahmedabad, Gujarat, India | |||
| Aradhna Fabrics Private Limited | ₹20.68 Cr (FY 2022) | 70.0% | Ludhiana, Punjab, India | |||
| Kailash Trade Links Private Limited | ₹20.67 Cr (FY 2024) | -16.0% | Chennai, Tamil Nadu, India | |||
| Swastik Filaments Private Limited | ₹20.67 Cr (FY 2025) | -5.0% | Nandanam, Chennai-35, Tamil Nadu, India | |||
| Turquoise & Gold Apparels Private Limitedthis company | ₹19.86 Cr (FY 2018) | -₹14.2 Cr | -71.5% | -62.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Turquoise & Gold Apparels Private Limited, buy the company report.
Auditor
Turquoise & Gold Apparels Private Limited is audited by N PRASAD & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N PRASAD & CO | FY 2018 | 013361S |
Shareholding
The shareholding of Turquoise & Gold Apparels Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Turquoise & Gold Apparels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2011 | 10309744 | Bank of India | ₹14 Cr | Open |
To see the full charge records of Turquoise & Gold Apparels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Turquoise & Gold Apparels Private Limited has 91 court cases on record: 13 filed by Turquoise & Gold Apparels, 78 filed against it. 25 cases are pending and 66 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 91 | 78 | 25 |
Cases on record (5 of 91)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by Tata Capital Financial Services Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Sunrise Garment Machinery Pvt Ltd | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by Tex Corp. Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Cap Float Financial Services Pvt. Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by Bank of India Limited | Disposed |
To see the full case history of Turquoise & Gold Apparels 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 Turquoise & Gold Apparels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Turquoise & Gold Apparels has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Turquoise & Gold Apparels Private Limited, buy the company report.
Recent activity
Turquoise & Gold Apparels Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Samara Mahindra ceased to be Director on 30 Nov 2017.
Frequently asked questions
Turquoise & Gold Apparels is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 December 2008 (18+ years old) and is registered under CIN U18109KA2008PTC048645.
Turquoise & Gold Apparels has 2 current directors:
- Dimple Varma - Managing Director
- Natasha Mahindra - Director
The latest financial statements of Turquoise & Gold Apparels on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Turquoise & Gold Apparels has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Turquoise & Gold Apparels is U18109KA2008PTC048645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turquoise & Gold Apparels has 91 court cases on record: 13 filed by the company and 78 filed against it. 25 are pending.
Turquoise & Gold Apparels was incorporated on 18 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Turquoise & Gold Apparels by revenue are Sri Senthilandavar Cotton Mills Private Limited, A N A Fashions Private Limited, Shri Ganesh Clothing Private Limited, Bhavna Processors Pvt Ltd, Aradhna Fabrics Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Samara Mahindra ceased to be Director on 30 Nov 2017. Betty Mahindra ceased to be Director on 06 Sep 2010. Dimple Varma ceased to be Director on 20 Dec 2008. Turquoise & Gold Apparels has 5 board changes on record in total.
Turquoise & Gold Apparels can be reached through the website turquoiseandgold.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Turquoise & Gold Apparels is at B – 24 Kssidc Industrial Estate Yelahanka, Bangalore, Karnataka, India – 560064.
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