MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-KL-09-0002386
Volant Shoes Private Limited
Volant Shoes Private Limited - consumer goods in Malappuram, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.04 Cr
▲ 18% YoY
Net profit · FY 2024
₹34.62 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹72.4 Lakh
EBITDA margin 3.3%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹62 Lakh
Issued & subscribed
Open charges
₹2.43 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
12
Provident fund records
About Volant Shoes Private Limited
Data last updated:
Volant Shoes Private Limited is a private limited company based in Malappuram, Kerala, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 21 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U19200KL2012PTC032995. Its GSTIN is 32AAECV3087B1ZN (Kerala).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹62 Lakh. It is led by directors including Cherukat Raghunathan (Managing Director) and Bindu Reghunath.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B2 – 154/1V Colony Road Kakkanchery Chelambra Po, Malappuram, Kerala, India – 673634.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.04 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹34.62 Lakh (net margin 1.6%) and EBITDA of ₹72.4 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 30% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.43 Cr on record. Court records list 17 cases involving the company, including 16 filed by the company and 1 filed against it; 3 cases are pending.
Volant Shoes Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-09-0002386). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Volant Shoes Private Limited
CIN U19200KL2012PTC032995
Registration Number 032995
Incorporation Date 21 December 2012
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-09-0002386
Recognitions & Rankings of Volant Shoes
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressB2 – 154/1V Colony Road Kakkanchery Chelambra Po, Malappuram, Kerala, India – 673634
- IndustryConsumer Goods, Footwear Manufacturing
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Business Activity of Volant Shoes Private Limited
The main business activity of Volant Shoes 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Volant Shoes Private Limited FY 2025 filings available
Volant Shoes Private Limited reported revenue of ₹22.04 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹22.04 Cr ▲ 18%
Net profit · FY 2024
₹34.62 Lakh margin 1.6%
EBITDA · FY 2024
₹72.4 Lakh margin 3.3%
Compounded Annual Growth Rate (CAGR) of Volant Shoes Private Limited
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 42%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 34%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 18% growth in the latest year. EBITDA rose 19% 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 Volant Shoes Private 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 | ₹72.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.62 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 Volant Shoes Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Volant Shoes are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Volant Shoes Private Limited
Volant Shoes has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Cherukat Raghunathan | Managing Director | 21 Dec 2012 | 13 Years 10 Months | Current |
| Bindu Reghunath | Director | 21 Dec 2012 | 13 Years 10 Months | Current |
| Rahul Raghunath | Director | 21 Dec 2012 | 13 Years 10 Months | Current |
| Aishwarya Raghunath | Director | 28 Dec 2022 | 3 Years 9 Months | Current |
Peer Comparison of Volant Shoes Private Limited
Volant Shoes Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kaushiki Shoes Private Limited | ₹22.6 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | New Delhi, Delhi, India |
| Matrix Stampi Limited | ₹22.34 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Kolkata, West Bengal, India |
| Rexona Footwears Private Limited | ₹22.11 Cr (FY 2025) | •••• | •••• | 256.0% | •••• | New Delhi, Delhi, India |
| Future Well Shoes Private Limited | ₹22.07 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Vellore, Tamil Nadu, India |
| Radiant Moulds and Compounds Pvt Ltd | ₹22.07 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Kozhikode, Kerala, India |
| Volant Shoes Private Limited this company | ₹22.04 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Malappuram, Kerala, India |
| Port Ind Shoe Accessories Private Limited | ₹21.97 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Chennai, Tamil Nadu, India |
| Saraswati Utpadan Pvt Ltd | ₹21.86 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Jalandhar, Punjab, India |
| Shoes World India Private Limited | ₹21.83 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Delhi, India |
| R2 Sportswear Private Limited | ₹21.71 Cr (FY 2025) | •••• | •••• | 138.0% | •••• | Vaniyambadi, Tamil Nadu, India |
| Phoniex Shoes Private Limited | ₹21.68 Cr (FY 2025) | •••• | •••• | 418.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Volant Shoes by revenue in the Consumer Products industry (Footwear Manufacturers), 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 Volant Shoes Private Limited
Volant Shoes Private Limited is audited by PAVITHRAN&MURALI for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PAVITHRAN&MURALI | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Volant Shoes Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Volant Shoes Private Limited
Open charges
₹2.43 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jun 2020 | Others | ₹18 Lakh | Open |
| 22 Nov 2013 | Others | ₹2.25 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Volant Shoes Private Limited
Volant Shoes Private Limited has 17 court cases on record: 16 filed by Volant Shoes, 1 filed against it. 3 cases are pending and 14 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Total cases
17
Filed by the company
16
Filed against the company
1
Pending
3
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 1 | 3 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kozhikode, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Kozhikode, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Kozhikode, Kerala | Appeal | Filed against the company by an individual | Disposed |
| District court, Kozhikode, Kerala | Civil suit | Filed by the company against an individual | Disposed |
| District court, Kozhikode, Kerala | Criminal case | Filed by the company against Ansiya Beegum, Propertix, Sikkandar Traders | Disposed |
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Full case history
All 17 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Volant Shoes Private Limited
Volant Shoes Private Limited has a workforce of 12 employees as of Apr 05, 2024.
Employee count
12
Active EPFO establishments
1
Employee growth
9.09%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Volant Shoes Private Limited
Volant Shoes Private Limited has 5 board changes on record since 2012: 4 appointments and 1 cessation. The latest: Aishwarya Raghunath was appointed as Director on 28 Dec 2022.
AGM
Volant Shoes Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Volant Shoes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with Others of Rs. 225.00 Lakh registered on 22 Nov 2013 with Charge ID 10467121 was modified on 24 Dec 2024.
Appointed
Aishwarya Raghunath was appointed as Director.
Ceased
Aishwarya Raghunath ceased to be Director.
Charges
A charge with Others amounted to Rs. 18.00 Lakh with Charge ID 100470855 was registered on 18 Jun 2020.
Charges
A charge with Others amounted to Rs. 225.00 Lakh with Charge ID 10467121 was registered on 22 Nov 2013.
Appointed
Bindu Reghunath was appointed as Director.
Appointed
Cherukat Raghunathan was appointed as Managing Director.
Appointed
Rahul Raghunath was appointed as Director.
Incorporation
21 Dec 2012
Volant Shoes Private Limited was registered on 21 Dec 2012 with Roc Ernakulam & aged 13 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Volant Shoes Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Volant Shoes Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Volant Shoes Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Volant Shoes Private Limited
Volant Shoes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECV3087B1ZN | Kerala | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Volant Shoes Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Volant Shoes Private Limited
Volant Shoes is an active private limited company based in Malappuram, Kerala, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 21 December 2012 (14+ years old) and is registered under CIN U19200KL2012PTC032995.
Volant Shoes reported revenue of ₹22.04 Cr for FY 2024 (up 18% YoY).
Volant Shoes has 4 current directors:
- Cherukat Raghunathan - Managing Director
- Bindu Reghunath - Director
- Rahul Raghunath - Director
- Aishwarya Raghunath - Director
Volant Shoes reported a net profit of ₹34.62 Lakh (net margin 1.6%) and EBITDA of ₹72.4 Lakh (EBITDA margin 3.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Volant Shoes is 42% over three years and 30% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Volant Shoes is 32AAECV3087B1ZN, registered in Kerala.
The CIN (Corporate Identification Number) of Volant Shoes is U19200KL2012PTC032995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volant Shoes has 17 court cases on record: 16 filed by the company and 1 filed against it. 3 are pending.
Volant Shoes was incorporated on 21 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Volant Shoes by revenue are Kaushiki Shoes Private Limited, Matrix Stampi Limited, Rexona Footwears Private Limited, Future Well Shoes Private Limited, Radiant Moulds and Compounds Pvt Ltd and 5 more, all in the Consumer Products industry (Footwear Manufacturers).
Aishwarya Raghunath was appointed as Director on 28 Dec 2022. Aishwarya Raghunath ceased to be Director on 06 Jun 2022. Bindu Reghunath was appointed as Director on 21 Dec 2012. Volant Shoes has 5 board changes on record in total.