MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-12-0027407
WTL Garments Limited - appreal & fashion in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹160.18 Cr
▲ 33% YoY
Net profit · FY 2025
₹5.35 Cr
Net margin 3.3%
EBITDA · FY 2025
₹12.55 Cr
EBITDA margin 7.8%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹13.05 Cr
Issued & subscribed
Open charges
₹53.57 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
26
Provident fund records
About WTL Garments Limited
Data last updated:
WTL Garments Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 15 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18109PB2019PLC050249. Its GSTIN is 03AACCW5460B1ZS (Punjab).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹13.05 Cr. It is led by directors including Rakesh Kumar Garg (Managing Director) and Manju Garg.
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 D – 148 Phase IV – A Focal Point, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2025, the company reported a revenue of ₹160.18 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹5.35 Cr (net margin 3.3%) and EBITDA of ₹12.55 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹53.57 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
WTL Garments Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0027407). For more details, the company can be reached via its website wwtl.in.
Company details
CIN U18109PB2019PLC050249
Registration Number 050249
Incorporation Date 15 November 2019
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Medium
Udyam Registration UDYAM-PB-12-0027407
CIN history
WTL Garments has one previous CIN (Corporate Identification Number): U18109PB2019PTC050249. The current CIN is U18109PB2019PLC050249, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18109PB2019PLC050249 | Current |
| U18109PB2019PTC050249 | Previous |
Recognitions & Rankings of WTL Garments
Contact details
WTL Garments Limited's registered office is in Ludhiana, Punjab. Its website is wwtl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 148 Phase IV – A Focal Point, Ludhiana, Punjab, India – 141010
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of WTL Garments Limited, buy the company report.
Comprehensive company report
WTL Garments 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
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Business activity
The main business activity of WTL Garments 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 WTL Garments Limited, buy the company report.
Financials of WTL Garments Limited
FY 2024 filings availableWTL Garments Limited reported revenue of ₹160.18 Cr (up 33% YoY) for FY 2025.
Revenue · FY 2025
₹160.18 Cr ▲ 33%
Net profit · FY 2025
₹5.35 Cr margin 3.3%
EBITDA · FY 2025
₹12.55 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 51%
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 33% growth in the latest year. EBITDA rose 14% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹12.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of WTL Garments Limited, buy the company report.
Board of directors of WTL Garments Limited
WTL Garments has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Garg Also directs: G&B Chlorides Limited | Managing Director | 15 Nov 2019 | 6 Years 11 Months | Current |
| Manju Garg Also directs: G&B Chlorides Limited | Director | 15 Nov 2019 | 6 Years 11 Months | Current |
| Madan Lal Aggarwal Also directs: Syschem (India) Limited | Director | 05 Jul 2024 | 2 Years 3 Months | Current |
| Vishal Gupta | Director | 05 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
WTL Garments Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Gangaur Exports Private Limited | ₹160.87 Cr (FY 2025) | 5.0% | Jaipur, Rajasthan, India | |||
| Shanta Cotton Industries Private Limited | ₹160.33 Cr (FY 2025) | -33.0% | Kadi, Gujarat, India | |||
| WTL Garments Limitedthis company | ₹160.18 Cr (FY 2025) | ₹5.35 Cr | 3.3% | 33.0% | 26 | Ludhiana, Punjab, India |
| Mori Spinning Private Limited | ₹159.93 Cr (FY 2025) | 30.0% | Rajula, Gujarat, India | |||
| Birmi International Private Limited | ₹159.49 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Paragon Apparel Private Limited | ₹159.41 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India |
To see the full peer comparison of WTL Garments Limited, buy the company report.
Auditor
WTL Garments Limited is audited by TUSHAR GARG & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TUSHAR GARG & ASSOCIATES | FY 2024 | 018881N |
Shareholding
The shareholding of WTL Garments Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of WTL Garments Limited, buy the company report.
Charges & borrowings
Open charges
₹53.57 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2025 | 101071538 | Canara Bank | ₹9.5 Cr | Open | |
| 21 Aug 2024 | 100991019 | Hdfc Bank Limited | ₹27.5 Lakh | Open | |
| 08 Jul 2024 | 100971263 | Axis Bank Limited | ₹20.34 Lakh | Open | |
| 08 Jul 2024 | 100971253 | Axis Bank Limited | ₹20 Lakh | Open | |
| 08 Jul 2024 | 100971243 | Axis Bank Limited | ₹46.62 Lakh | Open |
Total charge records: 12 View all charges
Legal cases
WTL Garments Limited has 3 court cases on record: 2 filed by WTL Garments, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Akf Clothing | Pending |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
To see the full case history of WTL Garments Limited, 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.
Credit ratings & regulatory alerts
WTL Garments Limited was last rated by Care on 05 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Oct 2021 |
To see the full credit ratings and regulatory alerts of WTL Garments Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for WTL Garments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
WTL Garments Limited has a workforce of 26 employees on its EPFO records as of Dec 19, 2025, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-7.14%
GST
WTL Garments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCW5460B1ZS | Punjab | Active | 11 Nov 2020 |
To see the full GST registrations and return filing status of WTL Garments Limited, buy the company report.
Recent activity
WTL Garments Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Madan Lal Aggarwal ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Canara Bank amounted to Rs. 9.50 Cr with Charge ID 101071538 was registered on 24 Jan 2025.
AGM
Wtl Garments Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Madan Lal Aggarwal ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.28 Cr with Charge ID 100991019 was registered on 21 Aug 2024.
Ceased
Salil Garg ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100971263 was registered on 08 Jul 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100971253 was registered on 08 Jul 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.47 Cr with Charge ID 100971243 was registered on 08 Jul 2024.
Appointed
Madan Lal Aggarwal was appointed as Director.
Appointed
Vishal Gupta was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.38 Cr with Charge ID 100948847 was registered on 24 May 2024.
Filing
Wtl Garments Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
9 earlier events are in the company report.
Frequently asked questions
WTL Garments is an active public limited company based in Ludhiana, Punjab, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 15 November 2019 (7+ years old) and is registered under CIN U18109PB2019PLC050249.
WTL Garments has 4 current directors:
- Rakesh Kumar Garg - Managing Director
- Manju Garg - Director
- Madan Lal Aggarwal - Director
- Vishal Gupta - Director
The latest financial statements of WTL Garments 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 2020 are in the company report.
The GSTIN of WTL Garments is 03AACCW5460B1ZS, registered in Punjab.
The CIN (Corporate Identification Number) of WTL Garments is U18109PB2019PLC050249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
WTL Garments has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
WTL Garments was incorporated on 15 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of WTL Garments by revenue are Gangaur Exports Private Limited, Shanta Cotton Industries Private Limited, Mori Spinning Private Limited, Birmi International Private Limited, Paragon Apparel Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Madan Lal Aggarwal ceased to be Additional Director on 29 Sep 2024. Salil Garg ceased to be Additional Director on 01 Aug 2024. Madan Lal Aggarwal was appointed as Director on 05 Jul 2024. WTL Garments has 6 board changes on record in total.
Yes, WTL Garments is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0027407).
WTL Garments can be reached through the website wwtl.in. Its registered office is in Ludhiana, Punjab, India.