MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0102028
Yes Garments Private Limited
Yes Garments Private Limited - manufacturing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.9 Cr
▲ 87% YoY
Net loss · FY 2025
₹1.28 Lakh
Net margin -0.1%
EBITDA · FY 2025
₹36.76 Lakh
EBITDA margin 3.4%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.23 Cr
Issued & subscribed
Open charges
₹282.98 Cr
Satisfied ₹254.25 Cr
Company age
24 yrs
Est. 2002
Directors on board
2
As per MCA filings
About Yes Garments Private Limited
Data last updated:
Yes Garments Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 31 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2002PTC040415. Its GSTIN is 24AAACY1658F1ZG (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.23 Cr. It is led by directors Darshita Kuntesh Gondalia and Kuntesh Jawahar Gondalia.
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 7th Floor Maredian Towersudhna Darwaja, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.9 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -0.1%) and EBITDA of ₹36.76 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹282.98 Cr and satisfied charges of ₹254.25 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Yes Garments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0102028). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17119GJ2002PTC040415
Registration Number 040415
Incorporation Date 31 January 2002
ROC Ahmedabad
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-GJ-22-0102028
Recognitions & Rankings of Yes Garments
Contact details
Yes Garments Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7th Floor Maredian Towersudhna Darwaja, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Yes Garments Private Limited, buy the company report.
Comprehensive company report
Yes Garments 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
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Business activity
The main business activity of Yes Garments is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Yes Garments Private Limited, buy the company report.
Financials of Yes Garments Private Limited
FY 2025 filings availableYes Garments Private Limited reported revenue of ₹10.9 Cr (up 87% YoY) for FY 2025.
Revenue · FY 2025
₹10.9 Cr ▲ 87%
Net loss · FY 2025
₹1.28 Lakh margin -0.1%
EBITDA · FY 2025
₹36.76 Lakh margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 48%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 209%
3 years · compounded
▼ 12%
5 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 87% growth in the latest year. EBITDA rose 209% 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 | ₹36.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.28 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 | 3.4% | ||||
| Net Profit Margin | -0.1% | ||||
| 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 Yes Garments Private Limited, buy the company report.
Board of directors of Yes Garments Private Limited
Yes Garments 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 |
|---|---|---|---|---|
| Darshita Kuntesh Gondalia Also directs: Seven Star Holdings Pvt Ltd | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
| Kuntesh Jawahar Gondalia Also directs: Yes Greentex Infra LLP | Director | 01 Jun 2003 | 23 Years 5 Months | Current |
Peer comparison
Yes Garments Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kaviraj Apparels Private Limited | ₹10.91 Cr (FY 2025) | 182.0% | Kolkata, West Bengal, India | |||
| Yes Garments Private Limitedthis company | ₹10.9 Cr (FY 2025) | -₹1.28 Lakh | -0.1% | 87.0% | Surat, Gujarat, India | |
| Gandhi Canvas Private Limited | ₹10.89 Cr (FY 2024) | -25.0% | Delhi, India | |||
| Shankar Rags Private Limited | ₹10.88 Cr (FY 2025) | -55.0% | Panipat, Haryana, India |
To see the full peer comparison of Yes Garments Private Limited, buy the company report.
Auditor
Yes Garments Private Limited is audited by D J GANDHI & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D J GANDHI & ASSOCIATES | FY 2022 | 147653W |
Shareholding
The shareholding of Yes Garments Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Yes Garments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹282.98 Cr
Satisfied charges
₹254.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2023 | 100744862 | Others | ₹3.75 Cr | Open | |
| 21 Mar 2023 | 100691218 | Axis Bank Limited | ₹9.95 Cr | Open | |
| 01 Mar 2023 | 100683831 | Axis Bank Limited | ₹9.95 Cr | Open | |
| 08 Aug 2022 | 100633931 | Others | ₹2.5 Cr | Open | |
| 22 Jul 2022 | 100603748 | Others | ₹2.5 Cr | Open |
To see the full charge records of Yes Garments Private Limited, buy the company report.
Total charge records: 35 View all charges
Legal cases
Yes Garments Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Commissioner of Central Excise & Customs Surat-I | Disposed |
To see the full case history of Yes Garments Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Yes Garments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Yes Garments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACY1658F1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Yes Garments Private Limited, buy the company report.
Recent activity
Yes Garments Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Denishkumar Vrujlal Gondalia ceased to be Director on 05 Apr 2023.
AGM
Yes Garments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Yes Garments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 12 Sep 2023 via Charge ID 100789557 with Others was fully satisfied on 06 Jan 2024.
Charges
A charge with Others of Rs. 23.15 Cr registered on 01 May 2017 with Charge ID 100096547 was modified on 30 Nov 2023.
Charges
A charge registered on 04 Sep 2020 via Charge ID 100374080 with Others was fully satisfied on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100789557 was registered on 12 Sep 2023.
Charges
A charge with Others of Rs. 35.23 Cr registered on 01 May 2017 with Charge ID 100096537 was modified on 06 Jul 2023.
Charges
A charge with Others amounted to Rs. 3.75 Cr with Charge ID 100744862 was registered on 05 Jul 2023.
Charges
A charge registered on 06 Dec 2014 via Charge ID 10543282 with The Cosmos Co-Operative Bank Ltd was fully satisfied on 09 Jun 2023.
Charges
A charge registered on 20 Jul 2020 via Charge ID 100352863 with Others was fully satisfied on 09 May 2023.
Ceased
Denishkumar Vrujlal Gondalia ceased to be Director.
Appointed
Darshita Kuntesh Gondalia was appointed as Director.
54 earlier events are in the company report.
Frequently asked questions
Yes Garments is an active private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 31 January 2002 (24+ years old) and is registered under CIN U17119GJ2002PTC040415.
Yes Garments has 2 current directors:
- Darshita Kuntesh Gondalia - Director
- Kuntesh Jawahar Gondalia - Director
The latest financial statements of Yes Garments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Yes Garments is 24AAACY1658F1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Yes Garments is U17119GJ2002PTC040415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes Garments has 1 court case on record: 1 filed against it.
Yes Garments was incorporated on 31 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Yes Garments by revenue are Kaviraj Apparels Private Limited, Gandhi Canvas Private Limited, Shankar Rags Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading).
Denishkumar Vrujlal Gondalia ceased to be Director on 05 Apr 2023. Darshita Kuntesh Gondalia was appointed as Director on 04 Apr 2023. Jawahar Mohanbhai Gondalia ceased to be Director on 12 Aug 2014. Yes Garments has 4 board changes on record in total.
Yes, Yes Garments is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0102028).
The registered office of Yes Garments is at 7th Floor Maredian Towersudhna Darwaja, Surat, Gujarat, India – 395002.
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