About Winsome Yarns Ltd
Data last updated:
Winsome Yarns Ltd is a public limited company based in Chandigarh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 July 1990.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L17115CH1990PLC010566. Its GSTIN is 33AAACW1911H1ZR (Tamil Nadu). The company holds 4 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (514348) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹70.71 Cr. It is led by directors including Manish Bagrodia (Managing Director) and Tilak Raj Dembla.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Basement SCO No. 13 – 14 – 15, Sector 34 – A India, Chandigarh, India – 160022.
As per the financials filed for FY 2023, the company reported a revenue of ₹35.64 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹26.42 Cr (net margin -74.1%) and EBITDA of -₹12.55 Cr (EBITDA margin -35.2%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 36% over five years.
The company has about 305 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Winsome Knitwear and Winsome. As per MCA filings, the company has open charges of ₹706.22 Cr and satisfied charges of ₹202.85 Cr on record. Court records list 176 cases involving the company, including 65 filed by the company and 111 filed against it; 22 cases are pending. The company has 49 deals on record (49 market trades); the latest was in July 2025. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 3 smaller; the largest is Shree Rukmani Fabtex Private Limited with revenue of ₹35.73 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2023, listing 1,680 overdue payments to 19 micro and small suppliers.
The last known website on record is winsomegroup.com.
Company details
CIN history
Winsome Yarns has one previous CIN (Corporate Identification Number): U17115CH1990PLC010566. The current CIN is L17115CH1990PLC010566, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17115CH1990PLC010566 | Current |
| U17115CH1990PLC010566 | Previous |
Contact details
Winsome Yarns Ltd's registered office is in Chandigarh, Chandigarh. Its website is winsomegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBasement SCO No. 13 – 14 – 15, Sector 34 – A India, Chandigarh, India – 160022
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Winsome Yarns Ltd, 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
Winsome Yarns operates two associated brands: Winsome Knitwear and Winsome. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a contract manufacturer for textiles and garments. | winsomeknitwear.com | |
| Contract manufacturing of textiles is conducted by Winsome Group. | winsomegroup.com |
Business activity
The main business activity of Winsome Yarns 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 Winsome Yarns Ltd, buy the company report.
Financials of Winsome Yarns Ltd
FY 2023 filings availableWinsome Yarns Ltd reported revenue of ₹35.64 Cr (down 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 18% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹35.64 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹26.42 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -35.2% | ||||
| Net Profit Margin | -74.1% | ||||
| 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 Winsome Yarns Ltd, buy the company report.
Board of directors of Winsome Yarns Ltd
Winsome Yarns has 4 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Bagrodia | Managing Director | 19 Jul 1990 | 36 Years 3 Months | As last reported |
| Tilak Raj Dembla | Director | 05 Aug 2019 | 7 Years 2 Months | As last reported |
| Rajiv Chadha | Director | 14 Jul 2020 | 6 Years 3 Months | As last reported |
| Pankaj Mahajan Also directs: Chamunda Hydro Projects Private Limited | Director | 22 May 2023 | 3 Years 5 Months | As last reported |
Peer comparison
Winsome Yarns Ltd is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Shree Rukmani Fabtex Private Limited | ₹35.73 Cr (FY 2025) | 5.0% | Jaipur, Rajasthan, India | |||
| New Horizon Knits Private Limited | ₹35.7 Cr (FY 2025) | -10.0% | Delhi, India | |||
| Ricolene Syntex P Ltd | ₹35.7 Cr (FY 2024) | -18.0% | Mumbai, Maharashtra, India | |||
| Sunbright Fabrics Private Limited | ₹35.68 Cr (FY 2024) | 0.0% | Burdwan, West Bengal, India | |||
| Esjay International Private Limited | ₹35.64 Cr (FY 2025) | -1.0% | Thane, Maharashtra, India | |||
| Winsome Yarns Ltdthis company | ₹35.64 Cr (FY 2023) | -₹26.42 Cr | -74.1% | -18.0% | 305 | Chandigarh, India |
| Harshavardhan Cotton and Synthetics Private Limited | ₹35.63 Cr (FY 2015) | 10.0% | Tirupur, Tamil Nadu, India | |||
| Tashi Lhendup Enterprises Private Limited | ₹35.61 Cr (FY 2025) | 53.0% | Kolkata, West Bengal, India | |||
| Kirti Cottex Private Limited | ₹35.57 Cr (FY 2022) | 26.0% | Gondal, Gujarat, India |
To see the full peer comparison of Winsome Yarns Ltd, buy the company report.
Auditor
Winsome Yarns Ltd is audited by Dhana & Associates ( formerly KHANDELIA AND SHARMA) for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dhana & Associates ( formerly KHANDELIA AND SHARMA) | FY 2023 | 510525C |
Shareholding
The shareholding of Winsome Yarns Ltd 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 Winsome Yarns Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2009 | 10166033 | Icici Bank Limited | ₹9.73 Cr | Open | |
| 19 Jun 2009 | 10169945 | Others | ₹11.82 Cr | Open | |
| 17 Jun 2009 | 10169200 | Others | ₹9.63 Cr | Open | |
| 17 Mar 2007 | 10048469 | Oriental Bank of Commerce | ₹22.68 Cr | Open | |
| 08 Feb 2007 | 10040900 | Others | ₹16.99 Cr | Open |
To see the full charge records of Winsome Yarns Ltd, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Winsome Yarns Ltd has 49 deals on record (49 market trades); the latest was in July 2025.
Deals on record (5 of 49)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Market trade | ₹9.8 Lakh | Buyer: Gladiolus Property & Investments Private Limited Seller: Piyush Securities Pvt Ltd |
| Jul 2025 | Market trade | ₹7.7 Lakh | Buyer: Gainful Investments and Advisors Private Limited Seller: Piyush Trades & Credits Pvt. Ltd. |
| Jun 2025 | Market trade | ₹12.5 Lakh | Buyer: Samvrudhi Multitrade Private Limited Seller: Rishikesh Commercial Company Pvt Ltd |
| Nov 2023 | Market trade | ₹19.1 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Sep 2019 | Market trade | ₹16.4 Lakh | Buyer: Ramapati Consultants Private Limited , Piyush Trades & Credits Pvt. Ltd. , Luxmi Investment Company Private Limited Seller: Keshav Softech Private Limited , Anjaneya Commercial Private Limited , an individual |
To see the full deal history of Winsome Yarns Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Winsome Yarns Ltd has 176 court cases on record: 65 filed by Winsome Yarns, 111 filed against it. 22 cases are pending and 154 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 106 | 80 | 17 |
| High courts | 48 | 15 | 4 |
| Supreme Court | 13 | 7 | 1 |
| NCLT | 7 | 7 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 176)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Execution petition | Filed against the company by M/S BLR Logistiks (I) Ltd | Pending |
| High Court | Writ petition | Filed by the company against Edelweiss Asset Reconstruction Company Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by D.D.Cotton Pvt Ltd | Pending |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Edelweiss Asset Reconstruction Company Ltd. | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Edelweiss Asset Reconstruction Company Limited Through Its Director Edelweiss House Off CST Road Kalina ,Mumbai , Maharashtra | Disposed |
To see the full case history of Winsome Yarns Ltd, buy the company report.
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.
MSME payment delays
Winsome Yarns Ltd has 15 MSME Form 1 returns on record between 2019 and 2023, listing 1,680 overdue payments to 19 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 (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Omega Tex-Cone Industries | |||
| an individual supplier | |||
| Mehra Wax Products Private Limited | |||
| Patiala Packers | |||
| Shri Parasnath Packagings Private Limited |
To see the full MSME payment records of Winsome Yarns Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Winsome Yarns Ltd has a workforce of 305 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
Winsome Yarns has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACW1911H1ZR | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Winsome Yarns Ltd, buy the company report.
Recent activity
Winsome Yarns Ltd has 54 board changes on record since 1990: 29 appointments and 25 cessations. The latest: Mridula Goyal ceased to be Director on 04 Oct 2024.
106 earlier events are in the company report.
Frequently asked questions
Winsome Yarns is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Winsome Yarns is a company under insolvency, formerly operating as a public limited company based in Chandigarh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 July 1990 and is registered under CIN L17115CH1990PLC010566. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Winsome Yarns has 4 current directors:
- Manish Bagrodia - Managing Director
- Tilak Raj Dembla - Director
- Rajiv Chadha - Director
- Pankaj Mahajan - Director
The latest financial statements of Winsome Yarns on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Winsome Yarns is L17115CH1990PLC010566. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Winsome Yarns is recorded as a listed company by MCA, but trading in its shares on BSE (514348) has been suspended, so they do not currently trade on a stock exchange.
Winsome Yarns has open charges of ₹706.22 Cr and satisfied charges of ₹202.85 Cr as per latest MCA filings.
Winsome Yarns has 176 court cases on record: 65 filed by the company and 111 filed against it. 22 are pending. Most are in the district courts.
Winsome Yarns was incorporated on 19 July 1990. It is registered with the Registrar of Companies, Chandigarh.
Winsome Yarns has 49 deals on record (49 market trades); the latest was in July 2025.
The peers of Winsome Yarns by revenue are Shree Rukmani Fabtex Private Limited, New Horizon Knits Private Limited, Ricolene Syntex P Ltd, Sunbright Fabrics Private Limited, Esjay International Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mridula Goyal ceased to be Director on 04 Oct 2024. Sanjay Gupta ceased to be Irp/Rp/Liquidator on 12 Apr 2024. Sanjay Gupta was appointed as Irp/Rp/Liquidator on 23 Jan 2024. Winsome Yarns has 54 board changes on record in total.