About Turtle Limited
Data last updated:
Turtle Limited is a public limited company based in Howrah, West Bengal, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 19 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17219WB1992PLC056339. Its GSTIN is 19AABCT1375R1ZO (West Bengal). The company holds 18 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.12 Cr. It was formerly known as Turtle Garments Pvt Ltd. It is led by directors including Shitanshu Jhunjhunwalla (Whole-Time Director) and Amit Ladsaria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Lemon Fresh Block – 2 3rd Floor 29/1 Kalabagan Lane, Howrah, West Bengal, India – 711104.
As per the financials filed for FY 2025, the company reported a revenue of ₹358.07 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹3.33 Cr (net margin 0.9%) and EBITDA of ₹37.35 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 15% over five years.
The company has about 1,930 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Turtle. As per MCA filings, the company has open charges of ₹136.32 Cr and satisfied charges of ₹253.38 Cr on record. Court records list 56 cases involving the company, including 49 filed by the company and 7 filed against it; 21 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website turtlelimited.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressLemon Fresh Block – 2 3rd Floor 29/1 Kalabagan Lane, Howrah, West Bengal, India – 711104
- IndustryFashion and Textile, Designer & Branded Fashion
- 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
- One PDF report, delivered after checkout
Competitors & Alternatives of Turtle Limited
Brands and companies operating in the same space as Turtle Limited include Inditex, Bewakoof, Bombay Shirt Company and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Inditex | Retailer of fashion products | Arteixo, Spain | 1974 |
 Bewakoof | Multi-category fashion products are sold by an internet-first brand. | Mumbai, India | 2011 |
 Bombay Shirt Company | Custom shirts and apparel are provided with personalization options. | Mumbai, India | 2012 |
 American Eagle Outfitters | Multi-category fashion products for men and women are offered. | Pittsburgh, United States | 1977 |
 Styched | Multi-category fashion for men and women is offered online. | Bengaluru, India | 2019 |
 Levi Strauss | Brand of fashion apparel for men and women | San Francisco, United States | 1853 |
 Hopscotch | Programming is facilitated for children via drag-and-drop code blocks. | New York, United States | 2011 |
Business Activity of Turtle Limited
The main business activity of Turtle 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Turtle Limited
Turtle Limited is audited by SINGHI & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Turtle Limited
Turtle has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shitanshu Jhunjhunwalla Also directs: Shyamnagar Tin Factory Private Limited, Nightingale Apartments Private Limited, Amplfy Commerce Private Limited and 3 more | Whole-Time Director | 18 Mar 2008 | 18 Years 6 Months | Current |
| Amit Ladsaria Also directs: Kesavam Clothing Private Limited, Kisah Apparels Private Limited | Whole-Time Director | 19 Aug 1992 | 34 Years 1 Months | Current |
| Sanjay Jhunjhunwalla Also directs: Linc Limited, Shyamnagar Tin Factory Private Limited, Lemon Constructions Private Limited and 2 more | Whole-Time Director | 19 Aug 1992 | 34 Years 1 Months | Current |
| Kishan Gopal Baldwa Also directs: Shyam Metalics and Energy Limited, Meshal Metal Trading Private Limited, Serampore Belting Works Private Limited and 5 more | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
| Hem Lata Jhunjhunwalla | Whole-Time Director | 01 Apr 2000 | 26 Years 6 Months | Current |
| Anu Ladsaria Also directs: Kesavam Clothing Private Limited | Whole-Time Director | 01 Apr 2000 | 26 Years 6 Months | Current |
Financials of Turtle Limited FY 2025 filings available
Turtle Limited reported revenue of ₹358.07 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Turtle Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 11% 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 Turtle Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹37.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.33 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Turtle Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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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 Turtle are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Turtle Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Turtle Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Feb 2025 | Others | ₹16 Lakh | Open |
| 18 Nov 2023 | Others | ₹135.05 Cr | Open |
| 17 Feb 2023 | Others | ₹28.52 Lakh | Open |
| 01 Feb 2022 | Others | ₹82 Lakh | Open |
| 30 Jul 2025 | Others | ₹7.5 Cr | Satisfied |
Total charge records: 16 View all charges
Employees and EPFO Compliance at Turtle Limited
Turtle Limited has a workforce of 1,930 employees as of Apr 09, 2024.
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.
GST Compliance of Turtle Limited
Turtle has 18 GST registrations: 12 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCT1375R1ZO | West Bengal | Active | 01 Jul 2017 |
| 09AABCT1375R2ZO | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AABCT1375R2Z5 | Bihar | Active | 01 Jul 2017 |
| 18AABCT1375R1ZQ | Assam | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Turtle Limited
Turtle Limited has 56 court cases on record: 49 filed by Turtle, 7 filed against it. 21 cases are pending and 35 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 3 | 20 |
| High courts | 15 | 4 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Howrah, West Bengal | Criminal complaint | Filed by the company against Anupam Emporium Private Limited | Pending |
| District court, Howrah, West Bengal | Criminal complaint | Filed by the company against Vidhishree Fashion Private Limited | Pending |
| District court, Howrah, West Bengal | Criminal complaint | Filed by the company against Zeal Retail Private Limited and 1 other | Disposed |
| District court, Howrah, West Bengal | Criminal complaint | Filed by the company against Classic Retailers Private Limited and 1 other | Disposed |
| District court, Howrah, West Bengal | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 56 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Credit Ratings, Litigation & Regulatory Alerts for Turtle Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Turtle Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Turtle Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Turtle Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Turtle Limited
Recent News on Turtle Limited
Frequently Asked Questions about Turtle Limited
Turtle is an active public limited company based in Howrah, West Bengal, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 19 August 1992 (34+ years old) and is registered under CIN U17219WB1992PLC056339.
Turtle reported revenue of ₹358.07 Cr for FY 2025 (down 3% YoY).
Turtle has 8 current directors:
- Shitanshu Jhunjhunwalla - Whole-Time Director
- Amit Ladsaria - Whole-Time Director
- Sanjay Jhunjhunwalla - Whole-Time Director
- Hem Lata Jhunjhunwalla - Whole-Time Director
- Anu Ladsaria - Whole-Time Director
- Saloni Jhunjhunwalla - Whole-Time Director
- Kishan Gopal Baldwa - Director
- Binod Kumar Rajgaria - Additional Director
Turtle reported a net profit of ₹3.33 Cr (net margin 0.9%) and EBITDA of ₹37.35 Cr (EBITDA margin 10.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Turtle is 18% over three years and 15% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Turtle is 19AABCT1375R1ZO, registered in West Bengal. The company has 18 GST registrations in all, of which 12 are active and 6 are cancelled or inactive. Other active GSTINs include 09AABCT1375R2ZO (Uttar Pradesh), 10AABCT1375R2Z5 (Bihar), 18AABCT1375R1ZQ (Assam).
The CIN (Corporate Identification Number) of Turtle is U17219WB1992PLC056339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turtle has 56 court cases on record: 49 filed by the company and 7 filed against it. 21 are pending. Most are in the district courts.
Turtle was incorporated on 19 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Kolkata.