MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0153589
VSG Fabrics Private Limited
VSG Fabrics Private Limited - fashion and textile in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹46.24 Lakh
▼ 35% YoY
Net loss · FY 2024
₹61,389
Net margin -1.3%
EBITDA · FY 2024
₹4.54 Lakh
EBITDA margin 9.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About VSG Fabrics Private Limited
Data last updated:
VSG Fabrics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 09 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18101KA2009PTC051408. Its GSTIN is 29AADCV1175F1ZA (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mahesh Lalchand Sadhwani and Bangalore Rangaraju Vinod.
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 No: 14/5 1st Floor Langford Road Shanthinagar, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.24 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹61,389 (net margin -1.3%) and EBITDA of ₹4.54 Lakh (EBITDA margin 9.8%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 23% over five years.
VSG Fabrics Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0153589). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of VSG Fabrics Private Limited
CIN U18101KA2009PTC051408
Registration Number 051408
Incorporation Date 09 November 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0153589
Recognitions & Rankings of VSG Fabrics
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo: 14/5 1st Floor Langford Road Shanthinagar, Bangalore, Karnataka, India – 560025
- IndustryFashion and Textile, Designer & Branded Fashion
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Business Activity of VSG Fabrics Private Limited
The main business activity of VSG Fabrics 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
- Historical classifications
- Filing-level activity changes
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Financials of VSG Fabrics Private Limited FY 2024 filings available
VSG Fabrics Private Limited reported revenue of ₹46.24 Lakh (down 35% YoY) for FY 2024.
Revenue · FY 2024
₹46.24 Lakh ▼ 35%
Net loss · FY 2024
₹61,389 margin -1.3%
EBITDA · FY 2024
₹4.54 Lakh margin 9.8%
Compounded Annual Growth Rate (CAGR) of VSG Fabrics Private Limited
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 18%
5 years · compounded
▼ 23%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 35%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 35% fall in the latest year. EBITDA fell 35% 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 VSG Fabrics 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 | ₹4.54 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹61,389 | •••• | •••• | •••• | •••• |
| 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 VSG Fabrics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.3% | •••• | •••• | •••• | •••• |
| 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 VSG Fabrics are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of VSG Fabrics Private Limited
VSG Fabrics has 2 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 |
|---|---|---|---|---|
| Mahesh Lalchand Sadhwani | Director | 09 Nov 2009 | 16 Years 11 Months | Current |
| Bangalore Rangaraju Vinod | Director | 21 Feb 2013 | 13 Years 7 Months | Current |
Peer Comparison of VSG Fabrics Private Limited
VSG Fabrics Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Branded Wear, Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bardia Textiles Pvt Ltd | ₹46.36 Lakh (FY 2025) | •••• | •••• | 798.0% | •••• | Kolkata, West Bengal, India |
| Elcapito Private Limited | ₹46.35 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | Kochi, Kerala, India |
| Inno Fashion Private Limited | ₹46.31 Lakh (FY 2024) | •••• | •••• | •••• | Tirupur, Tamil Nadu, India | |
| Abhinav Textiles Private Limited | ₹46.3 Lakh (FY 2025) | •••• | •••• | 22.0% | •••• | New Delhi, Delhi, India |
| Baweja and Dawar Private Limited | ₹46.27 Lakh (FY 2024) | •••• | •••• | -18.0% | •••• | Surat, Gujarat, India |
| VSG Fabrics Private Limited this company | ₹46.24 Lakh (FY 2024) | •••• | •••• | -35.0% | •••• | Bangalore, Karnataka, India |
| Royal Laces Limited | ₹46.17 Lakh (FY 2016) | •••• | •••• | -75.0% | •••• | New Delhi, Delhi, India |
| Bonn Fashion Factory Private Limited | ₹46.08 Lakh (FY 2020) | •••• | •••• | -28.0% | •••• | New Delhi, Delhi, India |
| Denish Knit Industries Limited | ₹46.06 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Bhalotiya Bleaching and Dyeing Private Limited | ₹46.02 Lakh (FY 2025) | •••• | •••• | -45.0% | •••• | Thane, Maharashtra, India |
| Manchanda Mills Private Limited | ₹46.02 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below VSG Fabrics by revenue in the Apparel industry (Branded Wear, Textiles), 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 VSG Fabrics Private Limited
VSG Fabrics Private Limited is audited by RAMESH RAO & CO LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAMESH RAO & CO LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of VSG Fabrics Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of VSG Fabrics Private Limited
VSG Fabrics Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at VSG Fabrics Private Limited
Employment history and EPFO contributions of people linked to VSG Fabrics.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on VSG Fabrics Private Limited
VSG Fabrics Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Bangalore Rangaraju Vinod was appointed as Director on 21 Feb 2013.
AGM
Vsg Fabrics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vsg Fabrics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Bangalore Rangaraju Vinod was appointed as Director.
Ceased
Gautam Futermal Jain ceased to be Director.
Appointed
Mahesh Lalchand Sadhwani was appointed as Director.
Incorporation
09 Nov 2009
Vsg Fabrics Private Limited was registered on 09 Nov 2009 with Roc Bangalore & aged 16 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for VSG Fabrics Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by VSG Fabrics 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 VSG Fabrics Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of VSG Fabrics Private Limited
VSG Fabrics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV1175F1ZA | Karnataka | 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 VSG Fabrics 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 VSG Fabrics Private Limited
VSG Fabrics is an active private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 09 November 2009 (17+ years old) and is registered under CIN U18101KA2009PTC051408.
VSG Fabrics reported revenue of ₹46.24 Lakh for FY 2024 (down 35% YoY).
VSG Fabrics has 2 current directors:
- Mahesh Lalchand Sadhwani - Director
- Bangalore Rangaraju Vinod - Director
VSG Fabrics reported a net loss of ₹61,389 (net margin -1.3%) and EBITDA of ₹4.54 Lakh (EBITDA margin 9.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of VSG Fabrics is 18% over three years and -23% over five years. In the latest year (FY 2024) revenue fell 35%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of VSG Fabrics is 29AADCV1175F1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of VSG Fabrics is U18101KA2009PTC051408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSG Fabrics was incorporated on 09 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of VSG Fabrics by revenue are Bardia Textiles Pvt Ltd, Elcapito Private Limited, Inno Fashion Private Limited, Abhinav Textiles Private Limited, Baweja and Dawar Private Limited and 5 more, all in the Apparel industry (Branded Wear, Textiles).
Bangalore Rangaraju Vinod was appointed as Director on 21 Feb 2013. Gautam Futermal Jain ceased to be Director on 21 Feb 2013. Mahesh Lalchand Sadhwani was appointed as Director on 09 Nov 2009.
Yes, VSG Fabrics is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0153589).