MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0197740
Aspha Board Private Ltd - manufacturing in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.96 Cr
▲ 9% YoY
Net profit · FY 2025
₹54.15 Lakh
Net margin 2.9%
EBITDA · FY 2025
₹1.12 Cr
EBITDA margin 5.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹2.53 Cr
Satisfied ₹4.27 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
55
Provident fund records
About Aspha Board Private Ltd
Data last updated:
Aspha Board Private Ltd is a private limited company based in Pune, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 01 April 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U21011PN1986PTC039422. Its GSTIN is 27AABCA5785A1ZV (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Dhiren Ishwarlal Mehta (Whole-Time Director) and Neeta Dhiren Mehta.
Its latest financial statements are for the year ended 31 March 2025. The registered office is at Gut No 708 Tardobawadi Shirur, Pune, Maharashtra, India – 412210.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.96 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹54.15 Lakh (net margin 2.9%) and EBITDA of ₹1.12 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 12% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.53 Cr and satisfied charges of ₹4.27 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 1 case is pending.
Aspha Board Private Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0197740). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aspha.com.
Company details
CIN U21011PN1986PTC039422
Registration Number 039422
Incorporation Date 01 April 1986
ROC Pune
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0197740
CIN history
Aspha Board has one previous CIN (Corporate Identification Number): U21011MH1986PTC039422. The current CIN is U21011PN1986PTC039422, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21011PN1986PTC039422 | Current |
| U21011MH1986PTC039422 | Previous |
Key People
Dhiren Ishwarlal Mehta Whole-Time Director Neeta Dhiren Mehta Director Chaitanya Dhiren Mehta Additional Director Recognitions & Rankings of Aspha Board
Contact details
Aspha Board Private Ltd's registered office is in Pune, Maharashtra. Its website is aspha.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGut No 708 Tardobawadi Shirur, Pune, Maharashtra, India – 412210
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Aspha Board Private Ltd, buy the company report.
Comprehensive company report
Aspha Board Private Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Aspha Board 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 Aspha Board Private Ltd, buy the company report.
Financials of Aspha Board Private Ltd
FY 2025 filings availableAspha Board Private Ltd reported revenue of ₹18.96 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹18.96 Cr ▲ 9%
Net profit · FY 2025
₹54.15 Lakh margin 2.9%
EBITDA · FY 2025
₹1.12 Cr margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 11%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 29%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 9% growth in the latest year. EBITDA rose 2% 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 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 | ₹1.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.15 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Aspha Board Private Ltd, buy the company report.
Board of directors of Aspha Board Private Ltd
Aspha Board has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhiren Ishwarlal Mehta Also directs: Emco Papers Private Limited, Candid Papers Private Limited | Whole-Time Director | 20 Jun 2002 | 24 Years 4 Months | Current |
| Neeta Dhiren Mehta Also directs: Candid Papers Private Limited | Director | 01 Aug 2010 | 16 Years 3 Months | Current |
| Chaitanya Dhiren Mehta Also directs: Candid Papers Private Limited | Additional Director | 01 Apr 2020 | 6 Years 7 Months | Current |
Peer comparison
Aspha Board Private Ltd is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Zibo Papers Private Limited | ₹19.08 Cr (FY 2024) | 1.0% | Amritsar, Punjab, India | |||
| Aspha Board Private Ltdthis company | ₹18.96 Cr (FY 2025) | ₹54.15 Lakh | 2.9% | 9.0% | 55 | Pune, Maharashtra, India |
| New (India) Imaging Industries Private Limited | ₹18.46 Cr (FY 2025) | 6.0% | Navi Mumbai, Maharashtra, India | |||
| Shree Vijay Vallabh Creations Private Limited | ₹18.44 Cr (FY 2025) | 524.0% | Borivlai East, Maharashtra, India |
To see the full peer comparison of Aspha Board Private Ltd, buy the company report.
Auditor
Aspha Board Private Ltd is audited by Fatehi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Fatehi & Associates | FY 2023 | 102840W |
Shareholding
The shareholding of Aspha Board Private Ltd 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 Aspha Board Private Ltd, buy the company report.
Charges & borrowings
Open charges
₹2.53 Cr
Satisfied charges
₹4.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2025 | 101181795 | Others | ₹85 Lakh | Open | |
| 28 Aug 2024 | 101021116 | Hdfc Bank Limited | ₹8.84 Lakh | Open | |
| 23 Jun 1987 | 90089347 | Bank of India | ₹1.59 Cr | Open | |
| 21 Dec 2022 | 100667265 | Bank of India | ₹10 Lakh | Satisfied | |
| 22 Dec 2021 | 100521115 | Axis Bank Limited | ₹20 Lakh | Satisfied |
To see the full charge records of Aspha Board Private Ltd, buy the company report.
Total charge records: 17 View all charges
Legal cases
Aspha Board Private Ltd has 8 court cases on record: 5 filed by Aspha Board, 3 filed against it. 1 case is pending and 7 are disposed.
Total cases
8
Filed by the company
5
Filed against the company
3
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against Vridhi Enterprises Pvt Ltd Other 3 | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Msshakti Capacitors P.Ltd.Etc | Disposed |
| Bombay High Court | Writ petition | Filed against the company by The Central Board of Trustees, Employees Provident Fund Organization | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms. Aces India | Disposed |
To see the full case history of Aspha Board Private Ltd, 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
Aspha Board Private Ltd has 8 MSME Form 1 returns on record between 2019 and 2024, listing 43 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Daga Kamdar Agencies Private Limited | |||
| Seascope Pulp and Papers Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Aspha Board Private Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aspha Board Private Ltd has a workforce of 55 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
-5.2%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 55 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Aspha Board Private Ltd, buy the company report.
GST
Aspha Board has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA5785A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aspha Board Private Ltd, buy the company report.
Recent activity
Aspha Board Private Ltd has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Chaitanya Dhiren Mehta was appointed as Additional Director on 01 Apr 2020.
Charges
A charge with Others amounted to Rs. 85.00 Lakh with Charge ID 101181795 was registered on 15 Oct 2025.
Charges
A charge registered on 01 Jul 2020 via Charge ID 100353954 with Bank Of India was fully satisfied on 14 Aug 2025.
Charges
A charge registered on 21 Dec 2022 via Charge ID 100667265 with Bank Of India was fully satisfied on 30 Jul 2025.
Charges
A charge registered on 22 Dec 2021 via Charge ID 100521115 with Axis Bank Limited was fully satisfied on 15 May 2025.
Filing
Aspha Board Private Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.84 Lakh with Charge ID 101021116 was registered on 28 Aug 2024.
Charges
A charge with Bank Of India amounted to Rs. 10.00 Lakh with Charge ID 100667265 was registered on 21 Dec 2022.
Charges
A charge registered on 07 Jun 2021 via Charge ID 100452918 with Bank Of India was fully satisfied on 16 Jun 2022.
Charges
A charge registered on 26 Nov 2002 via Charge ID 90091995 with Bank Of India was fully satisfied on 16 Jun 2022.
Charges
A charge registered on 27 Feb 1999 via Charge ID 90090888 with Bank Of India was fully satisfied on 16 Jun 2022.
Charges
A charge registered on 23 Jun 1998 via Charge ID 90090718 with Bank Of India was fully satisfied on 16 Jun 2022.
Charges
A charge registered on 06 Apr 1998 via Charge ID 90082526 with Bank Of India was fully satisfied on 16 Jun 2022.
33 earlier events are in the company report.
Frequently asked questions
Aspha Board is an active private limited company based in Pune, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 01 April 1986 (40+ years old) and is registered under CIN U21011PN1986PTC039422.
Aspha Board has 3 current directors:
- Dhiren Ishwarlal Mehta - Whole-Time Director
- Neeta Dhiren Mehta - Director
- Chaitanya Dhiren Mehta - Additional Director
The latest financial statements of Aspha Board on record with the MCA are for the year ended 31 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aspha Board is 27AABCA5785A1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Aspha Board is U21011PN1986PTC039422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspha Board has 8 court cases on record: 5 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Aspha Board was incorporated on 01 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Aspha Board by revenue are Zibo Papers Private Limited, New (India) Imaging Industries Private Limited, Shree Vijay Vallabh Creations Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Chaitanya Dhiren Mehta was appointed as Additional Director on 01 Apr 2020. Anjana Ishwarlal Mehta ceased to be Director on 15 Jun 2013. Neeta Dhiren Mehta ceased to be Additional Director on 30 Sep 2010. Aspha Board has 8 board changes on record in total.
Yes, Aspha Board is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0197740).
Aspha Board has 8 MSME Form 1 returns on record between 2019 and 2024, listing 43 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Aspha Board can be reached through the website aspha.com. Its registered office is in Pune, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages