Venus Garments (India) Limited

Exports ready-made garments to US, Europe, Mexico, Canada, and other countries.

1999 | Ludhiana, Punjab (India) | Under Insolvency
Last Updated:

Venus Garments (India) Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 9.26 Cr
  • Company Age 26 Year, 2 Months
  • Last Filing with ROC 31 Mar 2018
  • Open Charges ₹ 184.02 Cr
  • Satisfied Charges ₹ 47.12 Cr
  • Revenue Growth -62.43%
  • Profit Growth -53163.80%
  • Ebitda -274.35%
  • Net Worth -148.73%
  • Total Assets -17.45%

About Venus Garments (India)

Venus Garments (India) Limited (VGIL) is Under Cirp company established on 23 Feb 1999 with its office registered at Ludhiana, Punjab, India and has been running since 26 Year, 2 Months with a paid up capital of 9.26 Cr. According to MCA records, 3 Directors are linked to this company as of 15 Jan 2025.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17117PB1999PLC022270

  • Company No.

    022270

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Feb 1999

  • Date of AGM

    29 Sep 2018

  • Date of Balance Sheet

    31 Mar 2018

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

What products or services does Venus Garments (India) Limited offer?

Venus Garments (India) Limited offers a wide range of products and services, including Fabric Dyeing Services, Fabric Finishing Services, Apparel & Textile Machinery, Dyeing Machinery, Knitting Machines, Circular Knitting Machines.

Company report

Venus Garments (India) Limited

Explore comprehensive data for Venus Garments (India) Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Venus Garments (India)?

Board Members (3)

NameDesignationAppointment DateStatus
Varun Jain Country flag representing In Director 27-Sep-2008Current
Anil Jain Country flag representing In Whole-Time Director 01-Aug-2008Current
Tarun Jain Country flag representing In Whole-Time Director 08-Dec-2003Current

Financial Performance of Venus Garments (India).

Venus Garments (India) Limited, for the financial year ended 2018, experienced significant reduction in revenue, with a 62.43% decrease. The company also saw a substantial fall in profitability, with a 53163.8% decrease in profit. The company's net worth observed a substantial decline by a decrease of 148.73%.

Venus Garments (India) revenue growth over time
Venus Garments (India) 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
-62.43%
Revenue from Operations
-62.31%
Total Assets
-17.45%
Profit or Loss
-53163.80%
Net Worth
-148.73%
EBITDA
-274.35%

What is the Ownership and Shareholding Structure of Venus Garments (India)?

In 2018, Venus Garments (India) had a promoter holding of 75.84% and a public holding of 24.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹184.02 Cr

Satisfied Charges

₹47.12 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 174.52 Cr
  • Punjab National Bank : 9.50 Cr

Latest Charge Details

DateLenderAmountStatus
22 Sep 2012State Bank Of India₹10.89 CrOpen
22 Sep 2012State Bank Of India₹35.11 CrOpen
22 Sep 2012State Bank Of India₹35.11 CrOpen
24 Dec 2010State Bank Of India₹3.91 CrOpen
20 Jun 2008State Bank Of India₹9.50 CrOpen

How Many Employees Work at Venus Garments (India)?

Venus Garments (India) has a workforce of 102 employees as of Apr 05, 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 Venus Garments (India) Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Venus Garments (India), 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 Venus Garments (India)'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 Venus Garments (India)

Recent activity within the organization

  • Annual General Meeting

    Venus Garments (India) Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.

  • Balance Sheet

    Venus Garments (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Chandigarh.

  • Charges

    A charge registered on 24 Dec 2010 via Charge ID 10262920 with State Bank Of India was fully satisfied on 13 Apr 2016.

  • Charges

    A charge with State Bank Of India of Rs. 3.91 Cr registered on 24 Dec 2010 with Charge ID 10262919 was modified on 26 Feb 2016.

  • Charges

    A charge with State Bank Of India of Rs. 80.00 Cr registered on 27 Apr 1999 with Charge ID 90311271 was modified on 26 Feb 2016.

  • Charges

    A charge registered on 30 Dec 2008 via Charge ID 10138661 with State Bank Of India was fully satisfied on 29 Nov 2012.

Frequently asked questions

  • What is the Incorporation or founding date of Venus Garments (India) Limited?

    Venus Garments (India) Limited was incorporated on 23 Feb 1999.

  • What is authorized share capital and paid-up capital of Venus Garments (India) Limited?

    The authorized share capital of Venus Garments (India) Limited is ₹ 10.00 Cr and paid-up capital is ₹ 9.26 Cr.

  • Who are the current board members & directors of Venus Garments (India) Limited?

    Currently 3 directors are associated with Venus Garments (India) Limited.

    • Anil Kumar Jain
    • Tarun Jain
    • Varun Jain

  • What is the registered address of Venus Garments (India) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Venus Garments (India) Limited is Village Hussainpura Opp Hotel Amaltas G.T. Road (West), India, Ludhiana, Punjab, 141008.

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

    The corporate identification number (CIN) of Venus Garments (India) Limited is U17117PB1999PLC022270 and the company number is 022270 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Venus Garments (India) Limited?

    The Official website of Venus Garments (India) Limited is https://www.vgil.com

  • What has been the recent revenue trend for Venus Garments (India) Limited?

    According to the financial reports for the fiscal year 2018, the revenue trend for Venus Garments (India) Limited has fallen by -62.43%.

  • How many employees does Venus Garments (India) Limited currently have?

    As Per 2018 financial reports, 102 employees are currently employed by Venus Garments (India) Limited.

  • What change has been observed in the net worth of Venus Garments (India) Limited, and by what percentage?

    The financial reports for the fiscal year 2018 indicates that The net worth of Venus Garments (India) Limited has experienced an downturn of -148.73%.

  • What are the total open charges for Venus Garments (India) Limited?

    As per the financial statements for fiscal Year 2018, The total open charges for Venus Garments (India) Limited amount to ₹ 184.02 Cr.

  • When was the last Balance Sheet of Venus Garments (India) Limited filed with the ROC?

    The most recent Balance Sheet for Venus Garments (India) Limited was filed with the ROC on 31 Mar 2018.

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