Vip Clothing Limited - Company Profile

Q: Who are the current directors of Vip Clothing Limited?

The current directors of Vip Clothing Limited are Devendra Vyas, Rahul Dwaraka Soni, Vilas Chandrakant Gupte, Kishor Somnath Navandar, Kapil Jaykumar Pathare, Uday Laxman Ajgaonkar, Sunil Jaykumar Pathare, Vandana Kumari Bhardwaj, Rahul Dwarka Soni.

It is a fashion and textile public limited company based in Mumbai, Maharashtra, India, established in 1991.

1991 Mumbai, Maharashtra, India Active

Last Updated: December 31, 2025

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About Vip Clothing Limited

Vip Clothing Limited, a active public limited company, was established on 14 January 1991 in Mumbai, Maharashtra, India. Engaging in innerwear within the manufacturing sector, it holds CIN: L18101MH1991PLC059804. Registered under ROC Roc Mumbai. it is listed on BSE: 532613 and NSE: VIPCLOTHNG. It has an authorized capital of ₹75.00 Cr and a paid-up capital of ₹18.03 Cr.

Formerly known as Maxwell Industries Limited, Maxwell Apparels Industries Private Limited. It upholds a compliant status. In 2022, it reported revenue of ₹185.50 Cr and a net worth of ₹133.39 Cr. Employing 362 professional, Its leadership includes Vilas Chandrakant Gupte (Director), Kishor Somnath Navandar (Director), Devendra Vyas (Cfo). Past directors included Anand Ramanna, Tushar Jayantilal Sangani, Srinath Srinivasan. It holds ₹102.15 Cr open charges and ₹266.31 Cr settled loans. Its latest AGM occurred on 18 September 2025, with the balance sheet filed on 31 March 2025. It is based at C-6 Road No 22Midc Marol Andheri East, Mumbai, Maharashtra, 400093.

Company Details

CIN/LLPIN
L18101MH1991PLC059804
Registration Number
059804
Incorporation Date
14 January 1991
Authorized Capital
₹75.00 Cr
Paid-Up Capital
₹18.03 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 532613, NSE: VIPCLOTHNG)
Company Status
Active

Key Metrics

Authorised Capital ₹ 75.00 Cr as on 31-12-2025
Paid Up Capital ₹ 18.03 Cr as on 31-12-2025
Company Age 35 Year, 1 Month
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 102.15 Cr as on 31-12-2025
Satisfied Charges ₹ 266.31 Cr as on 31-12-2025
Revenue Growth **** 27.83% (FY 2022)
Profit Growth **** -111.69% (FY 2022)
Ebitda **** 76.05% (FY 2022)
Net Worth -1.23% (FY 2022)
Total Assets **** 5.41% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Vip Clothing Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Vip Clothing Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vilas Chandrakant Gupte	Director	15 Feb 2024	Current
Kishor Somnath Navandar	Director	13 Feb 2024	Current
Devendra Vyas	Cfo	13 Aug 2020	Current
Kapil Jaykumar Pathare	Managing Director	15 Sep 2002	Current
Uday Laxman Ajgaonkar	Director	22 Mar 2025	Current
Sunil Jaykumar Pathare	Managing Director	29 Sep 1992	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	20 Aug 2009	Past
Pramod Abcsdd	Alternate Director	31 May 2007	Past
Pramod Abcsdd	Director	31 May 2007	Past
Pramod Abcsdd	Director	30 Jun 2008	Past
Pramod Abcsdd	Director	31 Mar 2024	Past
Pramod Abcsdd	Whole-Time Director	16 Jan 2016	Past

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Financial Performance of Vip Clothing.

Vip Clothing Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 27.83% increase. The company also saw a substantial fall in profitability, with a 111.69% decrease in profit. The company's net worth dipped by a decrease of 1.23%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

27.83%

*******

Revenue from Operations

*******

27.05%

*******

Total Assets

*******

5.41%

*******

Profit or Loss

*******

-111.69%

*******

Net Worth

*******

-1.23%

*******

EBITDA

*******

76.05%

*******

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What is the Ownership and Shareholding Structure of Vip Clothing?

In 2023, Vip Clothing had a promoter holding of 49.58% and a public holding of 50.41%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,021,500,000.00

Satisfied Charges

₹2,663,050,000.00

Charges Breakdown by Lending Institutions

State Bank Of India : 101.68 Cr
Others : 0.47 Cr

Latest Charge Details

Date	Lender	Amount	Status
24 Aug 2024	Others	₹2.80 M	Open
28 Jun 2024	Others	₹1.90 M	Open
16 Nov 2010	State Bank Of India	₹101.68 Cr	Open
25 Mar 2021	Idbi Bank Limited	₹2.80 Cr	Satisfied
25 Jun 2015	Rbl Bank Limited	₹5.00 Cr	Satisfied

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How Many Employees Work at Vip Clothing?

Vip Clothing has a workforce of 362 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Vip Clothing, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vip Clothing's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Vip Clothing

Recent Activity within the Organization

Annual General Meeting

Progress on Vip Clothing Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records. was documented.
18 Sep 2025
Balance Sheet

Vip Clothing Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Director Appointment

Progress on Uday Laxman Ajgaonkar was appointed as a Director was appointed as a Director on 22 Mar 2025 & has been associated with this company since 10 months 25 days . was documented.
22 Mar 2025
Director Appointment

Progress on Rahul Dwaraka Soni was appointed as a Company Secretary was appointed as a Company Secretary on 03 Sep 2024 & has been associated with this company since 1 year 5 months . was documented.
03 Sep 2024
Director Appointment

Progress on Rahul Dwarka Soni was appointed as a Company Secretary was appointed as a Company Secretary on 03 Sep 2024 & has been associated with this company since 1 year 5 months . was documented.
03 Sep 2024
Charges

Progress on A charge with Others amounted to Rs. 0.28 Cr with Charge ID 100980940 was registered on 24 Aug 2024. was documented.
24 Aug 2024

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