Saraswati Saree Depot Ltd. Company History and Annual Growth Details

Our Company was incorporated under the provisions of the Companies Act, 2013 as “Saraswati Saree Depot Private Limited” pursuant to certificate of incorporation dated March 18, 2021 issued by Central Registration Centre, Registrar of Companies. Further, pursuant to resolutions passed by our Board of Directors at its meeting held on March 04, 2023 and by our Shareholders at the extra-ordinary general meeting held on March 08, 2023, our Company was converted into a public limited company. Consequently, our name was changed to ‘Saraswati Saree Depot Limited’ and a fresh certificate of incorporation dated March 31, 2023 consequent upon change of name and upon conversion to public limited company was issued by the RoC. The corporate identity number of our Company is U52500PN2021PLC199578.

Key Events and Milestones:

1993

- Started partnership firm under the name and style of “M/s. Saraswati Sarees Depot”

2002

- The firm organized the first annual promotional event “Utsav”

2015

- Crossed turnover of ?3,000 million

- Inaugurated Kolhapur Store spanning over 169,120 sq. ft.

2017

- Expanded the product range by including ready made garment i.e.“Kurtis”

2018

- Crossed turnover of ?4,000 million

2021

- Incorporated as Private Limited Company

- Opened Ulhasnagar Store

2022

- Crossed turnover of ?5,000 million

2023

- Converted from private limited to public company

- Crossed turnover of ?6,000 million

- Admitted as a partner of Saraswati Saree Depot, Ahmednagar