Namaste Exports Limited

Exports leather garments such as trousers, skirts, vests, and jackets to clients like Bogner and Tommy Hilfiger.

1988 | Bangaluru, Karnataka (India) | Active
Last Updated:

Namaste Exports Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 13.73 Cr
  • Company Age 37 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 60.99 Cr
  • Satisfied Charges ₹ 47.69 Cr
  • Revenue Growth -26.87%
  • Profit Growth -76.20%
  • Ebitda -318.40%
  • Net Worth 6.71%
  • Total Assets -10.89%

About Namaste Exports

Namaste Exports Limited (NEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 March 1988 and has a history of 37 years and one month. Its registered office is in Bangaluru, Karnataka, India.

The Corporate was formerly known as Namaste Tanneries Private Limited. 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 20.00 Cr and a paid-up capital of Rs 13.73 Cr.

The company currently has active open charges totaling ₹60.99 Cr. The company has closed loans amounting to ₹47.69 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Namaste Exports Limited India is Veeranna Narasimhaiah as CFO. Manjunath Prabhakara, Bhat Narayan, Khandige Bhat, and Five other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U85110KA1988PLC008988

  • Company No.

    008988

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Mar 1988

  • Date of AGM

    11 Nov 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Fashion and Textile
Company report

Namaste Exports Limited

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

Who are the key members and board of directors at Namaste Exports?

Executive Team (2)

NameDesignationAppointment DateStatus
Veeranna Narasimhaiah Country flag representing In CFO02-May-2019Current
Khandige Bhat Country flag representing In Managing Director30-Oct-2006Current

Board Members (6)

NameDesignationAppointment DateStatus
Manjunath Prabhakara Director 23-Aug-2024Current
Bhat Narayan Country flag representing In Director 07-Aug-2023Current
Khandige Bhat Country flag representing In Whole-Time Director 30-Oct-2018Current
Gouranga Roy Country flag representing In Director 30-May-2015Current
Setlur Madhavan Country flag representing In Director 04-Oct-2023Current
Khandige Bhat Country flag representing In Director 09-Feb-2021Current

Financial Performance of Namaste Exports.

Namaste Exports Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 26.87% decrease. The company also saw a substantial fall in profitability, with a 76.2% decrease in profit. The company's net worth moved up by a moderate rise of 6.71%.

Namaste Exports revenue growth over time
Namaste Exports 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
-26.87%
Revenue from Operations
-26.89%
Total Assets
-10.89%
Profit or Loss
-76.20%
Net Worth
6.71%
EBITDA
-318.40%

What is the Ownership and Shareholding Structure of Namaste Exports?

In 2023, Namaste Exports had a promoter holding of 74.78% and a public holding of 25.22%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹60.99 Cr

Satisfied Charges

₹47.69 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 56.23 Cr
  • Canara Bank : 3.19 Cr
  • Indian Equipment Leasing Limited : 1.44 Cr
  • Others : 0.13 Cr

Latest Charge Details

DateLenderAmountStatus
17 Apr 2024Others₹1.30 MOpen
20 Oct 1994State Bank Of India₹52.50 CrOpen
16 Mar 1993Indian Equipment Leasing Limited₹1.44 CrOpen
04 Mar 1993State Bank Of India₹3.00 CrOpen
01 Oct 1992Canara Bank₹3.19 CrOpen

How Many Employees Work at Namaste Exports?

Namaste Exports has a workforce of 228 employees as of Apr 07, 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 Namaste Exports Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Namaste Exports, 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 Namaste Exports'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 Namaste Exports

Recent activity within the organization

  • Annual General Meeting

    Namaste Exports Limited last Annual general meeting of members was held on 11 Nov 2024 as per latest MCA records.

  • Charges

    A charge registered on 17 Jun 2022 via Charge ID 100593700 with Others was fully satisfied on 29 Oct 2024.

  • Charges

    A charge registered on 01 Jun 2022 via Charge ID 100584393 with Others was fully satisfied on 29 Oct 2024.

  • Director Appointment

    Manjunath Manchale Prabhakara was appointed as a Director was appointed as a Director on 23 Aug 2024 & has been associated with this company since 8 months 14 days .

  • Charges

    A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100915856 was registered on 17 Apr 2024.

  • Balance Sheet

    Namaste Exports Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

Frequently asked questions

  • What is the Incorporation or founding date of Namaste Exports Limited?

    Namaste Exports Limited was incorporated on 21 Mar 1988.

  • What is authorized share capital and paid-up capital of Namaste Exports Limited?

    The authorized share capital of Namaste Exports Limited is ₹ 20.00 Cr and paid-up capital is ₹ 13.73 Cr.

  • Who are the current board members & directors of Namaste Exports Limited?

    Currently 9 directors are associated with Namaste Exports Limited.

    • Veeranna Esuvanahalli Narasimhaiah
    • Manjunath Manchale Prabhakara
    • Bhat Madhura Narayan
    • Khandige Vikas Bhat
    • Khandige Vinod Bhat
    • Gouranga Prasad Roy
    • Setlur Varadachari Madhavan
    • Veeranna Esuvanahalli Narasimhaiah
    • Khandige Madana Bhat

  • What is the registered address of Namaste Exports Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Namaste Exports Limited is No. 63. New Timberyard Layout Mysore Road, India, Bangalore South, Karnataka, 560026.

  • What is the corporate identification number (CIN) and company number of Namaste Exports Limited?

    The corporate identification number (CIN) of Namaste Exports Limited is U85110KA1988PLC008988 and the company number is 008988 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Namaste Exports Limited?

    The Official website of Namaste Exports Limited is https://www.namasteexports.net

  • What has been the recent revenue trend for Namaste Exports Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Namaste Exports Limited has fallen by -26.87%.

  • How many employees does Namaste Exports Limited currently have?

    As Per 2023 financial reports, 228 employees are currently employed by Namaste Exports Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Namaste Exports Limited has experienced an upsurge of 6.71%.

  • What are the total open charges for Namaste Exports Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Namaste Exports Limited amount to ₹ 60.99 Cr.

  • When was the last Balance Sheet of Namaste Exports Limited filed with the ROC?

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

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