About Aksa Paper Mills Private Limited
Data last updated:
Aksa Paper Mills Private Limited is a private limited company based in Vapi, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 26 July 2017.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21098GJ2017PTC098431. Its GSTIN is 24AAPCA8566P1ZR (Gujarat).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹12 Cr. It is led by directors including Ayubbhai Yasinbhai Saiyed (Managing Director) and Ramzan Ayub Saiyed.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 6 Morai Industrial Park, Vapi, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.48 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹17.24 Cr (net margin -56.5%) and EBITDA of -₹7.74 Cr (EBITDA margin -25.4%).
The company has about 86 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.5 Cr on record. Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it; 3 cases are pending. The company has 6 deals on record (3 rights issues, 3 secondary share transfers); the latest was in March 2021. Its 8 peer companies in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 5 larger and 3 smaller; the largest is Wilson Paper Mills Private Limited with revenue of ₹31.06 Cr.
The last known website on record is aksapapermill.com.
Company details
Contact details
Aksa Paper Mills Private Limited's registered office is in Vapi, Gujarat. Its website is aksapapermill.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 334/P1 315/6 Morai Industrial Park Village – Morai Ta, L – Pardi, Vapi, Gujarat, India – 396191
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Aksa Paper Mills Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Aksa Paper Mills is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Aksa Paper Mills Private Limited, buy the company report.
Financials of Aksa Paper Mills Private Limited
FY 2024 filings availableAksa Paper Mills Private Limited reported revenue of ₹30.48 Cr (up 1879% YoY) for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹7.74 Cr | ||||
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| Net Profit (PAT) | -₹17.24 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -25.4% | ||||
| Net Profit Margin | -56.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aksa Paper Mills Private Limited, buy the company report.
Board of directors of Aksa Paper Mills Private Limited
Aksa Paper Mills has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramzan Ayub Saiyed | Director | 26 Jul 2017 | 9 Years 3 Months | As last reported |
| Sajid Salim Saiyed | Director | 26 Jul 2017 | 9 Years 3 Months | As last reported |
| Salimbhai Yasinbhai Saiyed | Director | 26 Jul 2017 | 9 Years 3 Months | As last reported |
| Ayubbhai Yasinbhai Saiyed | Managing Director | 26 Jul 2017 | 9 Years 3 Months | As last reported |
Peer comparison
Aksa Paper Mills Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wilson Paper Mills Private Limited | ₹31.06 Cr (FY 2025) | 33.0% | Rajkot, Gujarat, India | |||
| Anjani International Private Limited | ₹31.04 Cr (FY 2025) | 0.0% | Indore, Madhya Pradesh, India | |||
| Pioneer Paper & Stationery Private Limited | ₹30.91 Cr (FY 2024) | -4.0% | Kolkata, West Bengal, India | |||
| Palar Paper Mills Limited | ₹30.85 Cr (FY 2024) | -40.0% | A Street, Tamil Nadu, India | |||
| Shree Samrat Pulp and Paper Private Limited | ₹30.5 Cr (FY 2023) | 365.0% | Mumbai, Maharashtra, India | |||
| Aksa Paper Mills Private Limitedthis company | ₹30.48 Cr (FY 2024) | -₹17.24 Cr | -56.5% | 1879.0% | 86 | Vapi, Gujarat, India |
| VSR Paper and Packaging Limited | ₹30.48 Cr (FY 2024) | 109.0% | Bangalore, Karnataka, India | |||
| Shrivaikunth Paper and Boards Private Limited | ₹30.4 Cr (FY 2024) | -16.0% | Sirumugai, Tamil Nadu, India | |||
| Paper Dreams Private Limited | ₹30.07 Cr (FY 2025) | 23.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aksa Paper Mills Private Limited, buy the company report.
Auditor
Aksa Paper Mills Private Limited is audited by GHADIYALI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GHADIYALI & ASSOCIATES | FY 2023 | 140376W |
Shareholding
The shareholding of Aksa Paper Mills Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aksa Paper Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2021 | 100428860 | Others | ₹45.5 Cr | Open |
To see the full charge records of Aksa Paper Mills Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Aksa Paper Mills Private Limited has 6 deals on record (3 rights issues, 3 secondary share transfers); the latest was in March 2021.
Deals on record (3 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹5 Cr | Investors: 4 individuals |
| Sep 2019 | Rights issue | ₹4.1 Lakh | Investors: an individual |
| Jul 2018 | Rights issue | ₹2.26 Cr | Investors: 4 individuals |
To see the full deal history of Aksa Paper Mills Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aksa Paper Mills Private Limited has 11 court cases on record: 2 filed by Aksa Paper Mills, 9 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 2 |
| NCLAT | 4 | 2 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S Santosh Starch Products Limited Through Autho. Officer Darsan Sachdev | Pending |
| NCLT, NCLT Ahmedabad | Insolvency matter | Filed against the company by M/S S N Global Minerals LLP | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against M/S S.N. Global Minerals LLP & Anr. | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Vishal Navinchandra Suratwala Poa of S N Global Minerals LLP | Disposed |
| District court, Valsad, Gujarat | Civil suit | Filed against the company by M/S M.K. Traders Through Prop. of Kumarpal Maganlala Kakaria | Pending |
To see the full case history of Aksa Paper Mills Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aksa Paper Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aksa Paper Mills Private Limited has a workforce of 86 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Aksa Paper Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCA8566P1ZR | Gujarat | Active | 10 Jul 2019 |
To see the full GST registrations and return filing status of Aksa Paper Mills Private Limited, buy the company report.
Recent activity
Aksa Paper Mills Private Limited has 4 board changes on record since 2017: 4 appointments. The latest: Ayubbhai Yasinbhai Saiyed was appointed as Managing Director on 26 Jul 2017.
Frequently asked questions
Aksa Paper Mills is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Aksa Paper Mills is a company under insolvency, formerly operating as a private limited company based in Vapi, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 26 July 2017 and is registered under CIN U21098GJ2017PTC098431. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aksa Paper Mills has 4 current directors:
- Ayubbhai Yasinbhai Saiyed - Managing Director
- Ramzan Ayub Saiyed - Director
- Sajid Salim Saiyed - Director
- Salimbhai Yasinbhai Saiyed - Director
The latest financial statements of Aksa Paper Mills on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Aksa Paper Mills is U21098GJ2017PTC098431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aksa Paper Mills has open charges of ₹45.5 Cr and no satisfied charges on record as per latest MCA filings.
Aksa Paper Mills has 11 court cases on record: 2 filed by the company and 9 filed against it. 3 are pending. Most are in the district courts.
Aksa Paper Mills was incorporated on 26 July 2017. It is registered with the Registrar of Companies, Ahmedabad.
Aksa Paper Mills has 6 deals on record (3 rights issues, 3 secondary share transfers); the latest was in March 2021.
The peers of Aksa Paper Mills by revenue are Wilson Paper Mills Private Limited, Anjani International Private Limited, Pioneer Paper & Stationery Private Limited, Palar Paper Mills Limited, Shree Samrat Pulp and Paper Private Limited and 3 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Ayubbhai Yasinbhai Saiyed was appointed as Managing Director on 26 Jul 2017. Ramzan Ayub Saiyed was appointed as Director on 26 Jul 2017. Sajid Salim Saiyed was appointed as Director on 26 Jul 2017. Aksa Paper Mills has 4 board changes on record in total.
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