MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0016691
Pal Rematerials India Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.51 Cr
▲ 289% YoY
Net loss · FY 2025
₹20.45 Lakh
Net margin -2.7%
EBITDA · FY 2025
₹43.54 Lakh
EBITDA margin 5.8%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹5.43 Cr
Issued & subscribed
Company age
12 yrs
Est. 2014
Employees · EPFO
6
Provident fund records
Directors on board
3
As per MCA filings
About Pal Rematerials India Private Limited
Data last updated:
Pal Rematerials India Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Rematerials Inc.. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 22 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U37100GJ2014PTC078382. Its GSTIN is 24AAHCP5676M1ZT (Gujarat).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.43 Cr. It is led by directors including Harsh Premkumar Kejriwal and Pallavi Kishorebhai Ganatra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 308 Sudarshan Office Complex Nr. Mithakhali Underbridge Nr. Divya Appt. Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.51 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹20.45 Lakh (net margin -2.7%) and EBITDA of ₹43.54 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 129% over three years and 28% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ReMaterials and Modroof.
Pal Rematerials India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0016691). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modroof.in.
Company Details of Pal Rematerials India Private Limited
CIN U37100GJ2014PTC078382
Registration Number 078382
Incorporation Date 22 January 2014
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Rematerials Inc.
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0016691
Key People
Harsh Premkumar Kejriwal Director Pallavi Kishorebhai Ganatra Director Hasit Kishorbhai Ganatra Director Recognitions & Rankings of Pal Rematerials India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address308 Sudarshan Office Complex Nr. Mithakhali Underbridge Nr. Divya Appt. Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryManufacturing, Paper & Packaging Products
Comprehensive company report
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Associated Brands with Pal Rematerials India Private Limited
Pal Rematerials India operates two associated brands: ReMaterials and Modroof. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Agricultural wastes are processed into sustainable roofing materials. | re-materials.com | |
| Roofing systems are designed and manufactured by Modroof. | modroof.in |
Business Activity of Pal Rematerials India Private Limited
The main business activity of Pal Rematerials India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Pal Rematerials India Private Limited FY 2025 filings available
Pal Rematerials India Private Limited reported revenue of ₹7.51 Cr (up 289% YoY) for FY 2025.
Revenue · FY 2025
₹7.51 Cr ▲ 289%
Net loss · FY 2025
₹20.45 Lakh margin -2.7%
EBITDA · FY 2025
₹43.54 Lakh margin 5.8%
Compounded Annual Growth Rate (CAGR) of Pal Rematerials India Private Limited
Revenue CAGR growth
1 year
▲ 289%
3 years · compounded
▲ 129%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 181%
3 years · compounded
▲ 31%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 289% growth in the latest year. EBITDA rose 181% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Pal Rematerials India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹43.54 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹20.45 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pal Rematerials India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pal Rematerials India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Pal Rematerials India Private Limited
Pal Rematerials India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Premkumar Kejriwal | Director | 12 Jun 2015 | 11 Years 4 Months | Current |
| Pallavi Kishorebhai Ganatra Also directs: Blasto Research Private Limited | Director | 22 Jan 2014 | 12 Years 9 Months | Current |
| Hasit Kishorbhai Ganatra Also directs: Blasto Research Private Limited | Director | 22 Jan 2014 | 12 Years 9 Months | Current |
Peer Comparison of Pal Rematerials India Private Limited
Pal Rematerials India Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paper). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sairaj Paper Products Private Limited | ₹7.63 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Ambernath, Maharashtra, India |
| Quality Tissue Converting Company Private Limited | ₹7.63 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Chakan Pune, Maharashtra, India |
| Rajsee International Pvt Ltd | ₹7.62 Cr (FY 2024) | •••• | •••• | 55.0% | •••• | Delhi, India |
| Seth Papcone Private Limited | ₹7.61 Cr (FY 2018) | •••• | •••• | -52.0% | •••• | Surat, Gujarat, India |
| Sawariya Paper Private Limited | ₹7.61 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Pal Rematerials India Private Limited this company | ₹7.51 Cr (FY 2025) | •••• | •••• | 289.0% | •••• | Ahmedabad, Gujarat, India |
| Uni Pax Paper Box Private Limited | ₹7.46 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Kancheepuram, Tamil Nadu, India |
| Soham Sales and Agency Private Limited | ₹7.42 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Indore, Madhya Pradesh, India |
| Erenco (India) Limited | ₹7.36 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Delhi, India |
| Srivijya Paper Private Limited | ₹7.34 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Valsad, Dadra and Nagar Haveli, India |
| Ganga Cartons Private Limited | ₹7.31 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Pal Rematerials India by revenue in the Manufacturing industry (Paper), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pal Rematerials India Private Limited
Pal Rematerials India Private Limited is audited by P.D.GOINKA & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P.D.GOINKA & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Pal Rematerials India Private Limited
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Charges & Borrowings of Pal Rematerials India Private Limited
Pal Rematerials India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Pal Rematerials India Private Limited
Pal Rematerials India Private Limited has a workforce of 6 employees as of Apr 07, 2024.
Employee count
6
Active EPFO establishments
1
Employee growth
-33.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Pal Rematerials India Private Limited
Pal Rematerials India Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Lisa Marianne Von Rabenau ceased to be Director on 01 Feb 2017.
AGM
Pal Rematerials India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Pal Rematerials India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Lisa Marianne Von Rabenau ceased to be Director.
Ceased
Harsh Premkumar Kejriwal ceased to be Additional Director.
Appointed
Harsh Premkumar Kejriwal was appointed as Director.
Appointed
Hasit Kishorbhai Ganatra was appointed as Director.
Appointed
Pallavi Kishorebhai Ganatra was appointed as Director.
Incorporation
22 Jan 2014
Pal Rematerials India Private Limited was registered on 22 Jan 2014 with Roc Ahmedabad & aged 12 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Pal Rematerials India Private Limited
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MSME Payment Delays by Pal Rematerials India Private Limited
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Subsidiaries & Group Companies of Pal Rematerials India Private Limited
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GST Compliance of Pal Rematerials India Private Limited
Pal Rematerials India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCP5676M1ZT | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Pal Rematerials India Private Limited
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Frequently Asked Questions about Pal Rematerials India Private Limited
Pal Rematerials India is an active private limited company based in Ahmedabad, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 22 January 2014 (12+ years old) and is registered under CIN U37100GJ2014PTC078382.
Pal Rematerials India reported revenue of ₹7.51 Cr for FY 2025 (up 289% YoY).
Pal Rematerials India has 3 current directors:
- Harsh Premkumar Kejriwal - Director
- Pallavi Kishorebhai Ganatra - Director
- Hasit Kishorbhai Ganatra - Director
Pal Rematerials India reported a net loss of ₹20.45 Lakh (net margin -2.7%) and EBITDA of ₹43.54 Lakh (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pal Rematerials India is 129% over three years and 28% over five years. In the latest year (FY 2025) revenue rose 289%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pal Rematerials India is 24AAHCP5676M1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Pal Rematerials India is U37100GJ2014PTC078382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pal Rematerials India was incorporated on 22 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Pal Rematerials India by revenue are Sairaj Paper Products Private Limited, Quality Tissue Converting Company Private Limited, Rajsee International Pvt Ltd, Seth Papcone Private Limited, Sawariya Paper Private Limited and 5 more, all in the Manufacturing industry (Paper).
Lisa Marianne Von Rabenau ceased to be Director on 01 Feb 2017. Harsh Premkumar Kejriwal ceased to be Additional Director on 30 Sep 2015. Harsh Premkumar Kejriwal was appointed as Director on 12 Jun 2015. Pal Rematerials India has 5 board changes on record in total.
Yes, Pal Rematerials India is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0016691).