Velvet Lane LLP
About Velvet Lane LLP
Data last updated:
Velvet Lane LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 20 December 2018 and has been in existence for over 8 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAN-8224. Its GSTIN is 29AARFV2016L1ZN (Karnataka).
The LLP has a total obligation of contribution of ₹8 Lakh. It is led by designated partners Divyansh Sanklecha and Vipul Kumar.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the LLP reported a revenue of ₹3.3 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹29.55 Lakh (net margin -8.9%) and EBITDA of -₹18.42 Lakh (EBITDA margin -5.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 28% over five years.
The LLP is associated with 1 brand: Curio Casa. As per MCA filings, the LLP has open charges of ₹50 Lakh on record.
Company details
Contact details
Velvet Lane LLP's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address318 Opp Apurva Diagnostics 6th Main, Hal 2nd Stage, Bangalore, Karnataka, India – 560038
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
To see the full contact details of Velvet Lane LLP, 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
Brands
Velvet Lane operates one associated brand: Curio Casa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online retailer of curated home decor products including planters and vases. | curiocasa.com |
Financials of Velvet Lane LLP
FY 2025 filings availableVelvet Lane LLP reported revenue of ₹3.3 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA fell 178% 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
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profit After Tax | -₹29.55 Lakh | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| Net Profit Margin | -8.9% | ||||
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To see the full financial statements and ratios of Velvet Lane LLP, buy the company report.
Designated partners of Velvet Lane LLP
Velvet Lane has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divyansh Sanklecha Also directs: Anode Light Tech Private Limited | Designated Partner | 20 Dec 2018 | 7 Years 10 Months | Current |
| Vipul Kumar | Designated Partner | 20 Dec 2018 | 7 Years 10 Months | Current |
Peer comparison
Velvet Lane LLP is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahaveer Star Trading Private Limited | ₹3.35 Cr (FY 2024) | 4.0% | Bikaner, Rajasthan, India | |||
| Saloni Coir Private Limited | ₹3.34 Cr (FY 2025) | -76.0% | Delhi, India | |||
| Alankar Mangal Decor Furnishings Private Limited | ₹3.34 Cr (FY 2025) | -10.0% | Pune, Maharashtra, India | |||
| Exotic Decor Private Limited | ₹3.34 Cr (FY 2025) | -26.0% | Delhi, India | |||
| Saraswatii Spindye Private Limited | ₹3.32 Cr (FY 2025) | -29.0% | Jaipur, Rajasthan, India | |||
| Velvet Lane LLPthis company | ₹3.3 Cr (FY 2025) | -₹29.55 Lakh | -8.9% | -25.0% | Bangalore, Karnataka, India | |
| Ancient Impex Private Limited | ₹3.3 Cr (FY 2024) | 43.0% | Noida, Uttar Pradesh, India | |||
| Vedansh Art Creations Private Limited | ₹3.28 Cr (FY 2025) | 10.0% | Jaipur, Rajasthan, India | |||
| Chandra Enterprises Private Limited | ₹3.28 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Rohit Handloom Private Limited | ₹3.26 Cr (FY 2025) | -31.0% | New Delhi, Delhi, India | |||
| Adeesha Bedding Private Limited | ₹3.26 Cr (FY 2025) | 77.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Velvet Lane LLP, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101106967 | Hdfc Bank Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Velvet Lane LLP are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Velvet Lane LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velvet Lane has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AARFV2016L1ZN | Karnataka | Active | 15 Jan 2019 |
To see the full GST registrations and return filing status of Velvet Lane LLP, buy the company report.
Recent activity
Velvet Lane LLP has 4 designated partner changes on record since 2018: 4 appointments. The latest: Arpith Baliya was appointed as Partner on 20 Dec 2018.
Frequently asked questions
Velvet Lane is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 20 December 2018 (8+ years old) and is registered under LLPIN AAN-8224.
Velvet Lane has 2 current designated partners:
- Divyansh Sanklecha - Designated Partner
- Vipul Kumar - Designated Partner
The latest financial statements of Velvet Lane on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Velvet Lane is 29AARFV2016L1ZN, registered in Karnataka.
The LLPIN (Limited Liability Partnership Identification Number) of Velvet Lane is AAN-8224. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Velvet Lane was incorporated on 20 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Velvet Lane by revenue are Mahaveer Star Trading Private Limited, Saloni Coir Private Limited, Alankar Mangal Decor Furnishings Private Limited, Exotic Decor Private Limited, Saraswatii Spindye Private Limited and 5 more, all in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution).
Arpith Baliya was appointed as Partner on 20 Dec 2018. Divyansh Sanklecha was appointed as Designated Partner on 20 Dec 2018. Nitin Kumar Lunia Vijayraj was appointed as Partner on 20 Dec 2018. Velvet Lane has 4 designated partner changes on record in total.
The registered office of Velvet Lane is at 318 Opp Apurva Diagnostics 6th Main, Hal 2nd Stage, Bangalore, Karnataka, India – 560038.
Velvet Lane operates in the home and lifestyle industry, in the home furnishings and accessories retail segment.
Velvet Lane has open charges of ₹50 Lakh and no satisfied charges on record as per latest MCA filings.
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