MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0002521
Aricon Papers Private Limited
Aricon Papers Private Limited - manufacturing in Nava Sadulka, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.91 Cr
▼ 38% YoY
Net loss · FY 2024
₹3.28 Cr
Net margin -47.4%
EBITDA · FY 2024
-₹67.56 Lakh
EBITDA margin -9.8%
Authorised capital
₹5.25 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹21.83 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
6
Provident fund records
About Aricon Papers Private Limited
Data last updated:
Aricon Papers Private Limited is a private limited company based in Nava Sadulka, Gujarat, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 27 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21000GJ2015PTC085188. Its GSTIN is 24AANCA9516H2ZH (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Haresh Rugnathbhai Bhalodiya and Pankaj Savjibhai Bavarava.
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 Sr. No. 402/P2 Morbi Kandla Highway Haripar – Kerala Road Tal & Dist. Morbi, Nava Sadulka, Gujarat, India – 363642.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.91 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹3.28 Cr (net margin -47.4%) and EBITDA of -₹67.56 Lakh (EBITDA margin -9.8%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 37% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.83 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in June 2023. Its 6 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, 3 larger and 3 smaller; the largest is Frank Laurels Consumer Brands Limited with revenue of ₹7.08 Cr.
Aricon Papers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0002521). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U21000GJ2015PTC085188
Registration Number 085188
Incorporation Date 27 November 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-32-0002521
Key People
Haresh Rugnathbhai Bhalodiya Director Pankaj Savjibhai Bavarava Director Rajeshkumar Shamjibhai Makasana Director Recognitions & Rankings of Aricon Papers
Contact details
Aricon Papers Private Limited's registered office is in Nava Sadulka, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSr. No. 402/P2 Morbi Kandla Highway Haripar – Kerala Road Tal & Dist. Morbi, Nava Sadulka, Gujarat, India – 363642
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Aricon Papers Private Limited, buy the company report.
Comprehensive company report
Aricon Papers Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Aricon Papers 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 Aricon Papers Private Limited, buy the company report.
Financials of Aricon Papers Private Limited
FY 2024 filings availableAricon Papers Private Limited reported revenue of ₹6.91 Cr (down 38% YoY) for FY 2024.
Revenue · FY 2024
₹6.91 Cr ▼ 38%
Net loss · FY 2024
₹3.28 Cr margin -47.4%
EBITDA · FY 2024
-₹67.56 Lakh margin -9.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 53%
5 years · compounded
▼ 37%
EBITDA CAGR growth
1 year
▼ 119%
3 years · compounded
▼ 30%
5 years · compounded
▼ 17%
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 38% fall in the latest year. EBITDA fell 119% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹67.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.28 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.8% | ||||
| Net Profit Margin | -47.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Aricon Papers Private Limited, buy the company report.
Board of directors of Aricon Papers Private Limited
Aricon Papers has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Haresh Rugnathbhai Bhalodiya | Director | 13 Dec 2022 | 3 Years 10 Months | Current |
| Pankaj Savjibhai Bavarava | Director | 30 May 2018 | 8 Years 4 Months | Current |
| Rajeshkumar Shamjibhai Makasana | Director | 13 Dec 2022 | 3 Years 10 Months | Current |
Peer comparison
Aricon Papers Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Frank Laurels Consumer Brands Limited | ₹7.08 Cr (FY 2025) | 0.0% | Delhi, India | |||
| Aravind Woods Private Limited | ₹7.06 Cr (FY 2020) | -7.0% | Chennai, Tamil Nadu, India | |||
| Jaapyarose Industries Private Limited | ₹6.94 Cr (FY 2025) | 79.0% | Delhi, India | |||
| Aricon Papers Private Limitedthis company | ₹6.91 Cr (FY 2024) | -₹3.28 Cr | -47.4% | -38.0% | 6 | Nava Sadulka, Gujarat, India |
| Siddhi Paper Mill Private Limited | ₹6.89 Cr (FY 2023) | 20.0% | Nashik, Maharashtra, India | |||
| Raama Paper Mills Limited | ₹6.88 Cr (FY 2025) | -89.0% | Uttar Pradesh, India | |||
| Nandika Paper Products Private Limited | ₹6.87 Cr (FY 2025) | -7.0% | Aurangabad, Maharashtra, India |
To see the full peer comparison of Aricon Papers Private Limited, buy the company report.
Auditor
Aricon Papers Private Limited is audited by K. R. MEHTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. R. MEHTA & ASSOCIATES | FY 2023 | 143370W |
Shareholding
The shareholding of Aricon Papers 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 Aricon Papers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹21.83 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2016 | 100034465 | Sidbi | ₹21.83 Cr | Open |
To see the full charge records of Aricon Papers Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Aricon Papers Private Limited has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in June 2023.
Total deals
5
Secondary share transfers
4
Rights issue
1
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2016 | Rights issue | ₹4.99 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aricon Papers Private Limited has 4 court cases on record: 4 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed against the company
4
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by Shruti Verma - Propriter of Esskay Pee Trading LLC Trough Autho. Person SH. Deepak | Pending |
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, MORBI, Gujarat | Criminal miscellaneous application | Filed against the company by Small Industries Development Bank of India Through Autho Officer Praveen Mithal | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
To see the full case history of Aricon Papers 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 Aricon Papers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aricon Papers Private Limited has a workforce of 6 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
GST
Aricon Papers has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA9516H2ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aricon Papers Private Limited, buy the company report.
Recent activity
Aricon Papers Private Limited has 14 board changes on record since 2018: 3 appointments and 11 cessations. The latest: Mukeshkumar Bachulal Likhiya ceased to be Director on 02 Feb 2023.
AGM
Aricon Papers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Aricon Papers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Mukeshkumar Bachulal Likhiya ceased to be Director.
Appointed
Haresh Rugnathbhai Bhalodiya was appointed as Director.
Appointed
Rajeshkumar Shamjibhai Makasana was appointed as Director.
Ceased
Ranjeet Singh Chalana ceased to be Additional Director.
Ceased
Shiv Amrit Singh ceased to be Additional Director.
Ceased
Arjun Arunbhai Sitapara ceased to be Director.
Ceased
Ghanshyam Babubhai Amrutiya ceased to be Director.
Ceased
Haresh Rugnathbhai Bhalodiya ceased to be Director.
Ceased
Rajeshkumar Shamjibhai Makasana ceased to be Director.
Charges
A charge with Sidbi of Rs. 21.83 Cr registered on 16 Jun 2016 with Charge ID 100034465 was modified on 15 Jul 2021.
7 earlier events are in the company report.
Frequently asked questions
Aricon Papers is an active private limited company based in Nava Sadulka, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 27 November 2015 (11+ years old) and is registered under CIN U21000GJ2015PTC085188.
Aricon Papers has 3 current directors:
- Haresh Rugnathbhai Bhalodiya - Director
- Pankaj Savjibhai Bavarava - Director
- Rajeshkumar Shamjibhai Makasana - Director
The latest financial statements of Aricon Papers 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 2016 are in the company report.
The GSTIN of Aricon Papers is 24AANCA9516H2ZH, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Aricon Papers is U21000GJ2015PTC085188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aricon Papers has 4 court cases on record: 4 filed against it. 2 are pending.
Aricon Papers was incorporated on 27 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aricon Papers has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in June 2023.
The peers of Aricon Papers by revenue are Frank Laurels Consumer Brands Limited, Aravind Woods Private Limited, Jaapyarose Industries Private Limited, Siddhi Paper Mill Private Limited, Raama Paper Mills Limited and 1 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Mukeshkumar Bachulal Likhiya ceased to be Director on 02 Feb 2023. Haresh Rugnathbhai Bhalodiya was appointed as Director on 13 Dec 2022. Rajeshkumar Shamjibhai Makasana was appointed as Director on 13 Dec 2022. Aricon Papers has 14 board changes on record in total.
Yes, Aricon Papers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0002521).