MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0001718
India Terry Towels Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹33.75 Cr
▼ 54% YoY
Net loss · FY 2025
₹10.22 Cr
Net margin -30.3%
EBITDA · FY 2025
-₹1.02 Cr
EBITDA margin -3%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹29.97 Cr
Issued & subscribed
Open charges
₹76.55 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
20
Provident fund records
About India Terry Towels Private Limited
Data last updated:
India Terry Towels Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of India Safety Vaults Private Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17301MH2016PTC273477. Its GSTIN is 27AAECI0593H1ZI (Maharashtra).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.97 Cr. It is led by directors including Sudha Hirendrakumar Ruia and Balasaheb Eknath Sonawane.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.75 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹10.22 Cr (net margin -30.3%) and EBITDA of -₹1.02 Cr (EBITDA margin -3%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 5% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indiaterrytowels. As per MCA filings, the company has open charges of ₹76.55 Cr on record. The company has 7 deals on record (5 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹11 Lakh; the latest was in December 2022. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Jaybharat Textiles and Real Estate Limited with revenue of ₹33.79 Cr.
India Terry Towels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0001718). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiaterrytowels.com.
Company details
CIN U17301MH2016PTC273477
Registration Number 273477
Incorporation Date 24 February 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Parent Company India Safety Vaults Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0001718
Key People
Sudha Hirendrakumar Ruia Director Balasaheb Eknath Sonawane Director Jayantilal Dahybhai Makwana Additional Director Recognitions & Rankings of India Terry Towels
Contact details
India Terry Towels Private Limited's registered office is in Mumbai, Maharashtra. Its website is indiaterrytowels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBasement White Hall 143, August Kranti Marg, Mumbai, Maharashtra, India – 400026
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of India Terry Towels Private Limited, buy the company report.
Comprehensive company report
India Terry Towels 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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Brands
India Terry Towels operates one associated brand: Indiaterrytowels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures ring spun yarn and trades textiles for weaving, hosiery, and other applications. | indiaterrytowels.com |
Business activity
The main business activity of India Terry Towels 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 India Terry Towels Private Limited, buy the company report.
Financials of India Terry Towels Private Limited
FY 2025 filings availableIndia Terry Towels Private Limited reported revenue of ₹33.75 Cr (down 54% YoY) for FY 2025.
Revenue · FY 2025
₹33.75 Cr ▼ 54%
Net loss · FY 2025
₹10.22 Cr margin -30.3%
EBITDA · FY 2025
-₹1.02 Cr margin -3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 33%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 67%
3 years · compounded
▼ 28%
5 years · compounded
▲ 9%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 54% fall in the latest year. EBITDA rose 67% 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 | -₹1.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.22 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 | -3% | ||||
| Net Profit Margin | -30.3% | ||||
| 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 India Terry Towels Private Limited, buy the company report.
Board of directors of India Terry Towels Private Limited
India Terry Towels has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudha Hirendrakumar Ruia | Director | 25 Feb 2016 | 10 Years 8 Months | Current |
| Balasaheb Eknath Sonawane | Director | 04 Jun 2022 | 4 Years 4 Months | Current |
| Jayantilal Dahybhai Makwana | Additional Director | 18 Feb 2017 | 9 Years 8 Months | Current |
| Dilip Jayantibhai Makwana | Additional Director | 18 Feb 2017 | 9 Years 8 Months | Current |
| Kirtivardhan Hirendrakumar Ruia | Director | 24 Feb 2016 | 10 Years 8 Months | Current |
Peer comparison
India Terry Towels Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Jaybharat Textiles and Real Estate Limited | ₹33.79 Cr (FY 2019) | -76.0% | Valsad, Gujarat, India | |||
| D2d International Private Limited | ₹33.79 Cr (FY 2024) | 59.0% | Tirupur, Tamil Nadu, India | |||
| Saggi Knits Private Limited | ₹33.79 Cr (FY 2024) | -13.0% | Ludhiana, Punjab, India | |||
| India Terry Towels Private Limitedthis company | ₹33.75 Cr (FY 2025) | -₹10.22 Cr | -30.3% | -54.0% | 20 | Mumbai, Maharashtra, India |
| Srushti Exports (India) Private Limited | ₹33.73 Cr (FY 2024) | 19.0% | Ahmedabad, Gujarat, India | |||
| Sreevasa Spinners Private Limited | ₹33.72 Cr (FY 2025) | 1455.0% | Katavaram Village, Telangana, India | |||
| Eco Textile Mills Private Limited | ₹33.71 Cr (FY 2024) | -2.0% | Kolkata, West Bengal, India | |||
| Vijeta Texfab Private Limited | ₹33.66 Cr (FY 2025) | 32.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of India Terry Towels Private Limited, buy the company report.
Auditor
India Terry Towels Private Limited is audited by B.L. Sarda & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.L. Sarda & Associates | FY 2023 | 109266W |
Shareholding
The shareholding of India Terry Towels Private Limited 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 India Terry Towels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹76.55 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2021 | 100419776 | Others | ₹11.94 Cr | Open | |
| 31 Mar 2018 | 100185508 | Indian Bank | ₹5 Cr | Open | |
| 31 Mar 2018 | 100185512 | Indian Bank | ₹59.61 Cr | Open |
To see the full charge records of India Terry Towels Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
India Terry Towels Private Limited has 7 deals on record (5 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹11 Lakh; the latest was in December 2022.
Total deals
7
Rights issues
5
Funding round
1
Secondary share transfer
1
Disclosed funding
₹11 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹75 Lakh | Investors: 2 individuals |
| Nov 2019 | Rights issue | ₹5.2 Cr | Investors: India Safety Vaults Private Limited , 3 individuals |
| Mar 2018 | Rights issue | ₹22.06 Cr | Investors: India Safety Vaults Private Limited , 3 individuals |
| Jul 2017 | Rights issue | ₹5 Lakh | Investors: India Safety Vaults Private Limited |
| May 2016 | Rights issue | ₹1.75 Cr | Investors: India Safety Vaults Private Limited , an individual |
To see the full deal history of India Terry Towels Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving India Terry Towels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
India Terry Towels Private Limited was last rated by Indiarating on 09 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 09 Apr 2020 |
To see the full credit ratings and regulatory alerts of India Terry Towels Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for India Terry Towels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
India Terry Towels Private Limited has a workforce of 20 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
GST
India Terry Towels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI0593H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Terry Towels Private Limited, buy the company report.
Recent activity
India Terry Towels Private Limited has 8 board changes on record since 2016: 5 appointments and 3 cessations. The latest: Balasaheb Eknath Sonawane ceased to be Additional Director on 27 Sep 2022.
AGM
India Terry Towels Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
India Terry Towels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Indian Bank of Rs. 5.00 Cr registered on 31 Mar 2018 with Charge ID 100185508 was modified on 25 May 2023.
Charges
A charge with Indian Bank of Rs. 59.61 Cr registered on 31 Mar 2018 with Charge ID 100185512 was modified on 25 May 2023.
Ceased
Balasaheb Eknath Sonawane ceased to be Additional Director.
Appointed
Balasaheb Eknath Sonawane was appointed as Director.
Ceased
Lalitkumar Laxman Jaywant ceased to be Whole-Time Director.
Charges
A charge with Others amounted to Rs. 11.94 Cr with Charge ID 100419776 was registered on 05 Feb 2021.
Charges
A charge with Indian Bank amounted to Rs. 5.00 Cr with Charge ID 100185508 was registered on 31 Mar 2018.
Charges
A charge with Indian Bank amounted to Rs. 59.61 Cr with Charge ID 100185512 was registered on 31 Mar 2018.
Appointed
Dilip Jayantibhai Makwana was appointed as Additional Director.
Appointed
Jayantilal Dahybhai Makwana was appointed as Additional Director.
4 earlier events are in the company report.
Frequently asked questions
India Terry Towels is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 February 2016 (10+ years old) and is registered under CIN U17301MH2016PTC273477.
India Terry Towels has 5 current directors:
- Sudha Hirendrakumar Ruia - Director
- Balasaheb Eknath Sonawane - Director
- Jayantilal Dahybhai Makwana - Additional Director
- Dilip Jayantibhai Makwana - Additional Director
- Kirtivardhan Hirendrakumar Ruia - Director
The latest financial statements of India Terry Towels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of India Terry Towels is 27AAECI0593H1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of India Terry Towels is U17301MH2016PTC273477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Terry Towels was incorporated on 24 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
India Terry Towels has 7 deals on record (5 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹11 Lakh; the latest was in December 2022.
The peers of India Terry Towels by revenue are Jaybharat Textiles and Real Estate Limited, D2d International Private Limited, Saggi Knits Private Limited, Srushti Exports (India) Private Limited, Sreevasa Spinners Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Balasaheb Eknath Sonawane ceased to be Additional Director on 27 Sep 2022. Balasaheb Eknath Sonawane was appointed as Director on 04 Jun 2022. Lalitkumar Laxman Jaywant ceased to be Whole-Time Director on 04 Jun 2022. India Terry Towels has 8 board changes on record in total.
Yes, India Terry Towels is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0001718).
India Terry Towels can be reached through the website indiaterrytowels.com. Its registered office is in Mumbai, Maharashtra, India.