Silver Spark Apparel Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 8.96 Cr
- Company Age 24 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 298.94 Cr
- Satisfied Charges ₹ 103.40 Cr
- Revenue Growth 53.74%
- Profit Growth 1395.95%
- Ebitda 305.83%
- Net Worth 12.69%
- Total Assets 3.69%
About Silver Spark Apparel
Silver Spark Apparel Limited (SSAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 July 2000 and has a history of 24 years and eight months. Its registered office is in Mumbai, Maharashtra, India.
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 50.00 Cr and a paid-up capital of Rs 8.96 Cr.
The company currently has active open charges totaling ₹298.94 Cr. The company has closed loans amounting to ₹103.40 Cr, as per Ministry of Corporate Affairs (MCA) records.
Krishnan Narayan, Vishal Bist, Rashmi Mundada, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72900MH2000PLC127831
- Company No.
127831
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Jul 2000
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Fashion and Textile
Who are the key members and board of directors at Silver Spark Apparel?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manish Bharati  | Director | 02-Mar-2023 | Current |
| Krishnan Narayan | Director | 08-Feb-2021 | Current |
| Vishal Bist | Director | 03-May-2021 | Current |
| Rashmi Mundada | Director | 16-Mar-2018 | Current |
| Amit Srivastava | Director | 02-Mar-2023 | Current |
Financial Performance of Silver Spark Apparel.
Silver Spark Apparel Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 53.74% increase. The company also saw a substantial improvement in profitability, with a 1395.95% increase in profit. The company's net worth Soared by an impressive increase of 12.69%.
- Key Matrics
- Balance Sheet
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- Cash Flow
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What is the Ownership and Shareholding Structure of Silver Spark Apparel?
In 2023, Silver Spark Apparel had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Retail Hub Solutions LimitedRashmi Mundada is a mutual person
Jk Files & Engineering LimitedRashmi Mundada is a mutual person
Ring Plus Aqua LimitedRashmi Mundada is a mutual person
J.K.Helene Curtis LimitedKrishnan Narayan is a mutual person
- Raymond Realty Limited
Krishnan Narayan is a mutual person
- Celebrations Apparel Limited
Vishal Bist is a mutual person
Charges (Loans)
Open Charges
₹298.94 Cr
Satisfied Charges
₹103.40 Cr
Charges Breakdown by Lending Institutions
- Others : 175.00 Cr
- Hdfc Bank Limited : 73.94 Cr
- Yes Bank Limited : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2024 | Others | ₹100.00 Cr | Open |
| 04 Jul 2023 | Yes Bank Limited | ₹50.00 Cr | Open |
| 15 Dec 2021 | Others | ₹75.00 Cr | Open |
| 31 Mar 2021 | Hdfc Bank Limited | ₹8.46 Cr | Open |
| 31 Dec 2004 | Hdfc Bank Limited | ₹65.48 Cr | Open |
How Many Employees Work at Silver Spark Apparel?
Silver Spark Apparel has a workforce of 3768 employees as of Mar 30, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Silver Spark Apparel, 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 Silver Spark Apparel's trajectory.
Rating
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
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 Silver Spark Apparel
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100985204 was registered on 27 Sep 2024.
- Annual General Meeting
Silver Spark Apparel Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Balance Sheet
Silver Spark Apparel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Yes Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100752940 was registered on 04 Jul 2023.
- Director Appointment
Amit Srivastava was appointed as a Director was appointed as a Director on 02 Mar 2023 & has been associated with this company since 2 years 27 days .
- Director Appointment
Manish Bharati was appointed as a Director was appointed as a Director on 02 Mar 2023 & has been associated with this company since 2 years 27 days .
Recent News, Updates & Announcement
- Raymond Q2 net profit rises marginally to ₹159.8 crore | Mint.
The modest growth came amid a delayed festive and wedding season, which typically contributes significantly to the company's sales.
- Raymond is spending millions on SAP, Microsoft, PwC, and Accenture to rewire the company | Business Insider India.
The suits maker wants to become a lifestyle experience company targeting 'newly grown ups'. The investments are going into rebuilding the entire value chain and the biggest chunk of the money is being spent on technology and digital infrastructure..
Frequently asked questions
What is the Incorporation or founding date of Silver Spark Apparel Limited?
Silver Spark Apparel Limited was incorporated on 20 Jul 2000.
What is authorized share capital and paid-up capital of Silver Spark Apparel Limited?
The authorized share capital of Silver Spark Apparel Limited is ₹ 50.00 Cr and paid-up capital is ₹ 8.96 Cr.
Who are the current board members & directors of Silver Spark Apparel Limited?
Currently 5 directors are associated with Silver Spark Apparel Limited.
- Krishnan Ashwath Narayan
- Vishal Pratap Singh Bist
- Rashmi Brijgopal Mundada
- Amit Srivastava
- Manish Bharati
What is the registered address of Silver Spark Apparel Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Silver Spark Apparel Limited is New Hind Housenarottam Morarjee Marg Ballard Estate India, Mumbai, Maharashtra, 400001.
What is the corporate identification number (CIN) and company number of Silver Spark Apparel Limited?
The corporate identification number (CIN) of Silver Spark Apparel Limited is U72900MH2000PLC127831 and the company number is 127831 as per Ministry of Corporate Affairs (MCA).
What is the official website of Silver Spark Apparel Limited?
The Official website of Silver Spark Apparel Limited is https://www.raymond.in
What has been the recent revenue trend for Silver Spark Apparel Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Silver Spark Apparel Limited has risen by 53.74%.
How many employees does Silver Spark Apparel Limited currently have?
As Per 2023 financial reports, 3768 employees are currently employed by Silver Spark Apparel Limited.
What change has been observed in the net worth of Silver Spark Apparel Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Silver Spark Apparel Limited has experienced an upsurge of 12.69%.
What are the total open charges for Silver Spark Apparel Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Silver Spark Apparel Limited amount to ₹ 298.94 Cr.
When was the last Balance Sheet of Silver Spark Apparel Limited filed with the ROC?
The most recent Balance Sheet for Silver Spark Apparel Limited was filed with the ROC on 31 Mar 2024.
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