MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0033486
Vishal Ethnic Private Limited
Vishal Ethnic Private Limited - fashion and textile in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.16 Cr
▼ 26% YoY
Net profit · FY 2025
₹17.98 Lakh
Net margin 5.7%
EBITDA · FY 2025
₹51.37 Lakh
EBITDA margin 16.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹79 Lakh
Issued & subscribed
Satisfied charges
₹6.2 Cr
No open charges
Company age
8 yrs
Est. 2018
Employees · EPFO
4
Provident fund records
About Vishal Ethnic Private Limited
Data last updated:
Vishal Ethnic Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the traditional and ethnic wear segment of the fashion and textiles sector. It was incorporated on 02 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18209MH2018PTC307350. Its GSTIN is 27AAGCV3608Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹79 Lakh. It is led by directors Priyanka Vishal Jaisingh and Vishal Jaisingh Ladharam.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 771 Near Prakash High School Namak Ganj Itwari, Nagpur, Maharashtra, India – 440002.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.16 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹17.98 Lakh (net margin 5.7%) and EBITDA of ₹51.37 Lakh (EBITDA margin 16.2%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 38% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹6.2 Cr on record.
Vishal Ethnic Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0033486).
Company details
CIN U18209MH2018PTC307350
Registration Number 307350
Incorporation Date 02 April 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Small
Udyam Registration UDYAM-MH-20-0033486
Recognitions & Rankings of Vishal Ethnic
Contact details
Vishal Ethnic Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 771 Near Prakash High School Namak Ganj Itwari, Nagpur, Maharashtra, India – 440002
- IndustryFashion and Textile, Traditional & Ethnic Wear
To see the full contact details of Vishal Ethnic Private Limited, buy the company report.
Comprehensive company report
Vishal Ethnic Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Vishal Ethnic is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Vishal Ethnic Private Limited, buy the company report.
Financials of Vishal Ethnic Private Limited
FY 2024 filings availableVishal Ethnic Private Limited reported revenue of ₹3.16 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹3.16 Cr ▼ 26%
Net profit · FY 2025
₹17.98 Lakh margin 5.7%
EBITDA · FY 2025
₹51.37 Lakh margin 16.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 28%
5 years · compounded
▼ 38%
EBITDA CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 19%
5 years · compounded
▼ 23%
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 26% fall in the latest year. EBITDA fell 32% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹51.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.98 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | ||||
| Net Profit Margin | 5.7% | ||||
| 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 Vishal Ethnic Private Limited, buy the company report.
Board of directors of Vishal Ethnic Private Limited
Vishal Ethnic has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyanka Vishal Jaisingh Also directs: Veepee World Private Limited, Simraji Infra Private Limited | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Vishal Jaisingh Ladharam | Director | 02 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Vishal Ethnic Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D C Synthetics Pvt Ltd | ₹3.17 Cr (FY 2023) | -15.0% | Mumbai, Maharashtra, India | |||
| Narad Textiles Private Limited | ₹3.17 Cr (FY 2025) | 253.0% | Shirpur, Maharashtra, India | |||
| Agarram Spintex Mills Private Limited | ₹3.17 Cr (FY 2023) | -27.0% | Periyar, Tamil Nadu, India | |||
| Vishal Ethnic Private Limitedthis company | ₹3.16 Cr (FY 2025) | ₹17.98 Lakh | 5.7% | -26.0% | 4 | Nagpur, Maharashtra, India |
| Leo Carlo Fabrics Private Limited | ₹3.16 Cr (FY 2025) | -41.0% | Mumbai, Maharashtra, India | |||
| Euromed Health Private Limited | ₹3.16 Cr (FY 2025) | 20.0% | Rajapalayam, Tamil Nadu, India | |||
| Murshidabad Silks Private Limited | ₹3.16 Cr (FY 2025) | 42.0% | Jangaon, Telangana, India |
To see the full peer comparison of Vishal Ethnic Private Limited, buy the company report.
Auditor
Vishal Ethnic Private Limited is audited by Anand R. Madan & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anand R. Madan & Associates | FY 2023 | 126881W |
Shareholding
The shareholding of Vishal Ethnic Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vishal Ethnic Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2019 | 100267444 | Others | ₹4.2 Cr | Satisfied | |
| 03 Sep 2018 | 100210953 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Vishal Ethnic Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Vishal Ethnic Private Limited 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
Vishal Ethnic Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sunwell Print Pack | |||
| Rajasthan Traders | |||
| Bhawani Texfab Private Limited |
To see the full MSME payment records of Vishal Ethnic Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vishal Ethnic Private Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-20%
GST
Vishal Ethnic has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV3608Q1ZQ | Maharashtra | Active | 03 May 2018 |
To see the full GST registrations and return filing status of Vishal Ethnic Private Limited, buy the company report.
Recent activity
Vishal Ethnic Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Ladharam Dwarkadas Jaisingh ceased to be Director on 15 Sep 2022.
AGM
Vishal Ethnic Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vishal Ethnic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 23 Apr 2019 via Charge ID 100267444 with Others was fully satisfied on 08 Jan 2024.
Ceased
Ladharam Dwarkadas Jaisingh ceased to be Director.
Ceased
Priyanka Vishal Jaisingh ceased to be Additional Director.
Appointed
Priyanka Vishal Jaisingh was appointed as Director.
Charges
A charge registered on 03 Sep 2018 via Charge ID 100210953 with Hdfc Bank Limited was fully satisfied on 21 Jun 2019.
Charges
A charge with Others amounted to Rs. 4.20 Cr with Charge ID 100267444 was registered on 23 Apr 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100210953 was registered on 03 Sep 2018.
Appointed
Vishal Jaisingh Ladharam was appointed as Director.
Incorporation
02 Apr 2018
Vishal Ethnic Private Limited was registered on 02 Apr 2018 with Roc Mumbai & aged 8 years 6 months as per MCA records.
Frequently asked questions
Vishal Ethnic is an active private limited company based in Nagpur, Maharashtra, India. The company works in traditional and ethnic wear, within the fashion and textile industry. It was incorporated on 02 April 2018 (8+ years old) and is registered under CIN U18209MH2018PTC307350.
Vishal Ethnic has 2 current directors:
- Priyanka Vishal Jaisingh - Director
- Vishal Jaisingh Ladharam - Director
The latest financial statements of Vishal Ethnic on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Vishal Ethnic is 27AAGCV3608Q1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vishal Ethnic is U18209MH2018PTC307350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vishal Ethnic was incorporated on 02 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vishal Ethnic by revenue are D C Synthetics Pvt Ltd, Narad Textiles Private Limited, Agarram Spintex Mills Private Limited, Leo Carlo Fabrics Private Limited, Euromed Health Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ladharam Dwarkadas Jaisingh ceased to be Director on 15 Sep 2022. Priyanka Vishal Jaisingh ceased to be Additional Director on 30 Nov 2021. Priyanka Vishal Jaisingh was appointed as Director on 01 Jan 2021. Vishal Ethnic has 4 board changes on record in total.
Yes, Vishal Ethnic is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0033486).
Vishal Ethnic has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.
The registered office of Vishal Ethnic is at Plot No. 771 Near Prakash High School Namak Ganj Itwari, Nagpur, Maharashtra, India – 440002.
Vishal Ethnic operates in the fashion and textile industry, in the traditional and ethnic wear segment.