Vardhman Knitwears Private Limited
About Vardhman Knitwears Private Limited
Data last updated:
Vardhman Knitwears Private Limited was a private limited company based in Ludhiana, Punjab, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 August 1998.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB1998PTC021646. Its GSTIN is 03AABCV7425L1Z8 (Punjab).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1.04 Lakh. It was led by directors Sunil Kumar Jain and Kasturi Lal Jain.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at B – Xxiv – 4707/1 Sunder Nagar, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2023, the company reported a revenue of ₹34.93 Lakh, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹1.01 Lakh (net margin 2.9%) and EBITDA of ₹1.55 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 60% over five years.
As per MCA filings, the company had satisfied charges of ₹50 Lakh on record. Court records list 4 cases involving the company, including 4 filed by the company.
Company details
Contact details
Vardhman Knitwears Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – Xxiv – 4707/1 Sunder Nagar, Ludhiana, Punjab, India – 141007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vardhman Knitwears 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 Vardhman Knitwears is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vardhman Knitwears Private Limited, buy the company report.
Financials of Vardhman Knitwears Private Limited
FY 2023 filings availableVardhman Knitwears Private Limited reported revenue of ₹34.93 Lakh (up 62% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 62% growth in the latest year. EBITDA rose 603% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹34.93 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.01 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Vardhman Knitwears Private Limited, buy the company report.
Board of directors of Vardhman Knitwears Private Limited
Vardhman Knitwears 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 |
|---|---|---|---|---|
| Sunil Kumar Jain | Director | 01 Feb 2010 | 16 Years 9 Months | As last reported |
| Kasturi Lal Jain | Director | 01 Feb 2010 | 16 Years 9 Months | As last reported |
Shareholding
The shareholding of Vardhman Knitwears Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhman Knitwears Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2012 | 10348007 | Hdfc Bank Limited | ₹50 Lakh | Satisfied |
To see the full charge records of Vardhman Knitwears Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vardhman Knitwears Private Limited has 4 court cases on record: 4 filed by Vardhman Knitwears. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against M/S Goldstar Knits Pvt Ltd | Disposed |
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
To see the full case history of Vardhman Knitwears 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 Vardhman Knitwears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vardhman Knitwears has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Vardhman Knitwears has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCV7425L1Z8 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhman Knitwears Private Limited, buy the company report.
Recent activity
Vardhman Knitwears Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Parveen Jain ceased to be Director on 28 Feb 2010.
Frequently asked questions
Vardhman Knitwears has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vardhman Knitwears was a private limited company based in Ludhiana, Punjab, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 03 August 1998 and is registered under CIN U18101PB1998PTC021646. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vardhman Knitwears was incorporated on 03 August 1998. It is registered with the Registrar of Companies, Chandigarh.
Vardhman Knitwears had 2 directors:
- Sunil Kumar Jain - Director
- Kasturi Lal Jain - Director
The CIN (Corporate Identification Number) of Vardhman Knitwears is U18101PB1998PTC021646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vardhman Knitwears is at B – Xxiv – 47071 Sunder Nagar, Ludhiana, Punjab, India – 141007.
The latest financial statements of Vardhman Knitwears on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Vardhman Knitwears is 03AABCV7425L1Z8, registered in Punjab.
Vardhman Knitwears operated in the manufacturing industry, in the textile and fabric production segment.
Vardhman Knitwears has 4 court cases on record: 4 filed by the company. Most are in the district courts.
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