Kitex Garments Limited

Manufactures and exports infant wear to US and UK retailers with large production and processing capacity.

1992 | Ernakulam, Kerala (India) | Active
Last Updated:

Kitex Garments Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 6.65 Cr
  • Company Age 32 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2,218.00 Cr
  • Satisfied Charges ₹ 399.52 Cr
  • Revenue Growth 75.79%
  • Profit Growth 114.15%
  • Ebitda 70.22%
  • Net Worth 16.26%
  • Total Assets 25.34%

About Kitex Garments

Kitex Garments Limited (KGL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 May 1992 and has a history of 32 years and 11 months. Its registered office is in Ernakulam, Kerala, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 521248 and on the National Stock Exchange(NSE) under KITEX.

The Company is engaged in the Fashion And Textile Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 6.65 Cr.

The company currently has active open charges totaling ₹2,218.00 Cr. The company has closed loans amounting to ₹399.52 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Kitex Garments Limited India are Boby Michael as CFO and Dayana Joseph as Company Secretary. Sabu Jacob, Chenakkott Philipose, Benni Joseph, and Four other members serve as directors at the Company.

Company Details

  • Location

    Ernakulam, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L18101KL1992PLC006528

  • Company No.

    006528

  • Stock Symbol

    BSE : 521248 NSE : KITEX

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 May 1992

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ernakulam

Industry

Fashion and Textile
Company report

Kitex Garments Limited

Explore comprehensive data for Kitex Garments Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Kitex Garments?

Executive Team (3)

NameDesignationAppointment DateStatus
Sabu Jacob Country flag representing In Managing Director16-Aug-1993Current
Boby Michael Country flag representing In CFO01-Jul-2019Current
Dayana Joseph Company Secretary04-Oct-2023Current

Board Members (6)

NameDesignationAppointment DateStatus
Francis Sumi Country flag representing In Director 13-Nov-2020Current
Chenakkott Philipose Country flag representing In Director 20-Jul-2015Current
Benni Joseph Country flag representing In Director 12-Jan-2015Current
Kalpathy Narayanan Country flag representing In Director 04-Apr-2013Current
Amprayil Mathew Country flag representing In Director 14-Aug-2024Current
Sindhu Chandrasekharan Country flag representing In Whole-Time Director 16-Mar-2015Current

Financial Performance of Kitex Garments.

Kitex Garments Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 75.79% increase. The company also saw a substantial improvement in profitability, with a 114.15% increase in profit. The company's net worth Soared by an impressive increase of 16.26%.

Kitex Garments revenue growth over time
Kitex Garments profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
75.79%
Revenue from Operations
73.11%
Total Assets
25.34%
Profit or Loss
114.15%
Net Worth
16.26%
EBITDA
70.22%

What is the Ownership and Shareholding Structure of Kitex Garments?

In 2022, Kitex Garments had a promoter holding of 56.66% and a public holding of 43.34%. The company had 6 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,218.00 Cr

Satisfied Charges

₹399.52 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 2023.00 Cr
  • State Bank Of India : 195.00 Cr

Latest Charge Details

DateLenderAmountStatus
05 Jan 2023Sbicap Trustee Company Limited₹2,023.00 CrOpen
17 Mar 2005State Bank Of India₹195.00 CrOpen
23 Jul 2021Hdfc Bank Limited₹100.00 CrSatisfied
28 May 2019Hdfc Bank Limited₹25.00 CrSatisfied
16 Oct 2017Standard Chartered Bank₹25.00 CrSatisfied

How Many Employees Work at Kitex Garments?

Kitex Garments has a workforce of 4251 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Kitex Garments Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kitex Garments, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Kitex Garments's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Kitex Garments

Recent activity within the organization

  • Annual General Meeting

    Kitex Garments Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Director Appointment

    Amprayil Kurien Mathew was appointed as a Director was appointed as a Director on 14 Aug 2024 & has been associated with this company since 9 months .

  • Charges

    A charge with State Bank Of India of Rs. 195.00 Cr registered on 17 Mar 2005 with Charge ID 90020522 was modified on 19 Jun 2024.

  • Balance Sheet

    Kitex Garments Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.

  • Charges

    A charge registered on 23 Jul 2021 via Charge ID 100466612 with Hdfc Bank Limited was fully satisfied on 04 Nov 2023.

  • Charges

    A charge registered on 28 May 2019 via Charge ID 100275976 with Hdfc Bank Limited was fully satisfied on 04 Nov 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Kitex Garments Limited?

    Kitex Garments Limited was incorporated on 29 May 1992.

  • What is authorized share capital and paid-up capital of Kitex Garments Limited?

    The authorized share capital of Kitex Garments Limited is ₹ 25.00 Cr and paid-up capital is ₹ 6.65 Cr.

  • Who are the current board members & directors of Kitex Garments Limited?

    Currently 9 directors are associated with Kitex Garments Limited.

    • Sabu Meckamkunnel Jacob
    • Chenakkott Philipose Philipose
    • Benni Joseph
    • Kalpathy Lekshmi Venkitanarayanan Narayanan
    • Amprayil Kurien Mathew
    • Sindhu Chandrasekharan
    • Francis Sumi
    • Boby Michael
    • Dayana Joseph

  • What is the registered address of Kitex Garments Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Kitex Garments Limited is Building No. Vi/496 Kizhakkambalam Vilangu P.O., Aluva India, Kunnathunad, Kerala, 683561.

  • What is the corporate identification number (CIN) and company number of Kitex Garments Limited?

    The corporate identification number (CIN) of Kitex Garments Limited is L18101KL1992PLC006528 and the company number is 006528 as per Ministry of Corporate Affairs (MCA).

  • Is Kitex Garments Limited registered with any stock exchange in India?

    Yes, Kitex Garments Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): KITEX.

  • What is the official website of Kitex Garments Limited?

    The Official website of Kitex Garments Limited is https://www.kitexgarments.com

  • What has been the recent revenue trend for Kitex Garments Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Kitex Garments Limited has risen by 75.79%.

  • How many employees does Kitex Garments Limited currently have?

    As Per 2022 financial reports, 4251 employees are currently employed by Kitex Garments Limited.

  • What change has been observed in the net worth of Kitex Garments Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Kitex Garments Limited has experienced an upsurge of 16.26%.

  • What are the total open charges for Kitex Garments Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Kitex Garments Limited amount to ₹ 2,218.00 Cr.

  • When was the last Balance Sheet of Kitex Garments Limited filed with the ROC?

    The most recent Balance Sheet for Kitex Garments Limited was filed with the ROC on 31 Mar 2024.

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