About Usha Yarns Limited
Data last updated:
Usha Yarns Limited is a public limited company based in Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115PB1995PLC015739. Its GSTIN is 03AAACU1917D1ZY (Punjab). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹4.93 Cr. It is led by directors including Anurag Gupta (Managing Director) and Naveen Kansal.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3 Ajit Nagar Patiala, Punjab, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹230.32 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹43.43 Lakh (net margin 0.2%) and EBITDA of ₹22.26 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 17% over five years.
The company has about 890 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Usha Yarns. As per MCA filings, the company has open charges of ₹269.28 Cr and satisfied charges of ₹30.8 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 3 cases are pending. The company has 23 deals on record (16 secondary share transfers, 7 funding rounds), with disclosed funding of ₹13.94 Cr; the latest was in October 2022. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Trilok Cotton Private Limited with revenue of ₹232.64 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 243 overdue payments to 60 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ushayarns.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3 Ajit Nagar Patiala, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
- 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
Business Activity of Usha Yarns Limited
The main business activity of Usha Yarns 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.
Financials of Usha Yarns Limited FY 2024 filings available
Usha Yarns Limited reported revenue of ₹230.32 Cr (down 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Usha Yarns Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 66% 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 Usha Yarns 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 | ₹22.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹43.43 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 Usha Yarns Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Usha Yarns 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.
Peer Comparison of Usha Yarns Limited
Usha Yarns Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trilok Cotton Private Limited | ₹232.64 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Ichalkaranji, Maharashtra, India |
| Suryauday Spinning Mills Private Limited | ₹232.31 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Secunderabad, Telangana, India |
| Sree Narasimha Textiles Private Limited | ₹232.3 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Coimbatore, Tamil Nadu, India |
| Amarjothi Spinning Mills Limited Listed | ₹231.68 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Coimbatore, Tamil Nadu, India |
| Orbit Exports Ltd Listed | ₹230.71 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Usha Yarns Limited this company | ₹230.32 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Punjab, India |
| Kanknarrah Company Limited | ₹229.55 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| Freudenberg Performance Materials India Private Limited | ₹229.42 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| Durga Polysters Private Limited | ₹229.21 Cr (FY 2023) | •••• | •••• | 63.0% | •••• | Surat, Gujarat, India |
| Polyspin Exports Limited Listed | ₹228.84 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Tamil Nadu, India |
| Shri Ramalinga Mills Private Limited | ₹228.74 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Aruppukottai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Usha Yarns by revenue in the Manufacturing industry (Textiles), 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 Usha Yarns Limited
Usha Yarns Limited is audited by Mittal V & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mittal V & Associates | 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 Usha Yarns Limited
Usha Yarns has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Kansal Also directs: Surya Nonwovens Private Limited | Director | 28 Dec 1995 | 30 Years 9 Months | Current |
| Anup Gupta Also directs: Luxury Goldwheels LLP, Charisma Goldwheels Private Limited | Director | 19 Jul 2021 | 5 Years 2 Months | Current |
| Sandeep Suri Also directs: Hisar Spinning Mills Limited | Director | 23 Dec 2019 | 6 Years 9 Months | Current |
| Nikhil Goel Also directs: Hisar Spinning Mills Limited, Luxury Goldwheels LLP, Charisma Goldwheels Private Limited and 2 more | Director | 19 Jul 2021 | 5 Years 2 Months | Current |
| Shashi Bhushan Gupta Also directs: Indian Acrylics Limited, Steel Strips Wheels Ltd | Director | 14 Aug 1995 | 31 Years 1 Months | Current |
| Sudesh Kumar Garg Also directs: Hisar Spinning Mills Limited | Director | 23 Dec 2019 | 6 Years 9 Months | Current |
Ownership and Shareholding of Usha Yarns 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 Usha Yarns Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Apr 2025 | Hdfc Bank Limited | ₹46.83 Cr | Open |
| 28 Apr 2025 | Hdfc Bank Limited | ₹28.75 Cr | Open |
| 28 Mar 2025 | Hdfc Bank Limited | ₹59 Lakh | Open |
| 24 Jul 2024 | Axis Bank Limited | ₹22 Cr | Open |
| 25 Oct 2023 | Hdfc Bank Limited | ₹3.48 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Usha Yarns Limited
Usha Yarns Limited has 23 deals on record (16 secondary share transfers, 7 funding rounds), with disclosed funding of ₹13.94 Cr; the latest was in October 2022.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Jun 2022 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Roshan Lal & Sons Huf, Anurag Gupta & Sons (HUF), Anuj Gupta & Sons Huf |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Time Computech Services Limited , Classic Global Finance and Capital Ltd , 2 individuals |
Full deal history
All 23 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Usha Yarns Limited
Usha Yarns Limited has 9 court cases on record: 6 filed by Usha Yarns, 3 filed against it. 3 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
| Supreme Court | 3 | 3 | 1 |
| District courts | 2 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Civil suit | Filed by the company against Gunno Apparels Private Limited | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India | Pending |
| Supreme Court | Court case | Filed against the company by Union of India | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India | Disposed |
| District court, SAS Nagar, Punjab | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 9 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.
MSME Payment Delays by Usha Yarns Limited
Usha Yarns Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 243 overdue payments to 60 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Truly Pest Solution Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Elegant Processors | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Usha Yarns Limited
Usha Yarns operates one associated brand: Usha Yarns. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Recycled textile yarns are produced from waste materials. | ushayarns.com |
Employees and EPFO Compliance at Usha Yarns Limited
Usha Yarns Limited has a workforce of 890 employees as of Apr 08, 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.
CIN History of Usha Yarns Limited
Usha Yarns has one previous CIN (Corporate Identification Number): L17115PB1995PLC015739. The current CIN is U17115PB1995PLC015739, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115PB1995PLC015739 | Current |
| L17115PB1995PLC015739 | Previous |
News related to Usha Yarns Limited
Recent Activity on Usha Yarns Limited
Usha Yarns Limited has 17 board changes on record since 1995: 8 appointments and 9 cessations. The latest: Anup Gupta ceased to be Additional Director on 30 Nov 2021.
48 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Usha Yarns 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.
Subsidiaries & Group Companies of Usha Yarns 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.
GST Compliance of Usha Yarns Limited
Usha Yarns has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACU1917D1ZY | Punjab | Active | 01 Jul 2017 |
| 03AAACU1917D2ZX | Punjab | Active | 17 Jan 2022 |
| 33AAACU1917D1ZV | Tamil Nadu | Active | 04 May 2018 |
| 27AAACU1917D1ZO | Maharashtra | Active | 26 May 2023 |
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.
MCA Filings & Documents of Usha Yarns 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.
Frequently Asked Questions about Usha Yarns Limited
Usha Yarns is an active public limited company based in Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 February 1995 (31+ years old) and is registered under CIN U17115PB1995PLC015739.
Usha Yarns reported revenue of ₹230.32 Cr for FY 2024 (down 6% YoY).
Usha Yarns has 8 current directors:
- Anurag Gupta - Managing Director
- Naveen Kansal - Director
- Anup Gupta - Director
- Sandeep Suri - Director
- Nikhil Goel - Director
- Shashi Bhushan Gupta - Director
- Sudesh Kumar Garg - Director
- Gopal Krishan Gupta - Director
Usha Yarns reported a net profit of ₹43.43 Lakh (net margin 0.2%) and EBITDA of ₹22.26 Cr (EBITDA margin 9.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Usha Yarns is 17% over three years and 17% over five years. In the latest year (FY 2024) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Usha Yarns is 03AAACU1917D1ZY, registered in Punjab. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 03AAACU1917D2ZX (Punjab), 33AAACU1917D1ZV (Tamil Nadu), 27AAACU1917D1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Usha Yarns is U17115PB1995PLC015739. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usha Yarns has 9 court cases on record: 6 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Usha Yarns was incorporated on 06 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
Usha Yarns has 23 deals on record (16 secondary share transfers, 7 funding rounds), with disclosed funding of ₹13.94 Cr; the latest was in October 2022.
The peers of Usha Yarns by revenue are Trilok Cotton Private Limited, Suryauday Spinning Mills Private Limited, Sree Narasimha Textiles Private Limited, Amarjothi Spinning Mills Limited, Orbit Exports Ltd and 5 more, all in the Manufacturing industry (Textiles).
Anup Gupta ceased to be Additional Director on 30 Nov 2021. Nikhil Goel ceased to be Additional Director on 30 Nov 2021. Anup Gupta was appointed as Director on 19 Jul 2021. Usha Yarns has 17 board changes on record in total.