MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0003005
Axle Paper Private Limited
Axle Paper Private Limited - packaging in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹58.09 Cr
▲ 27% YoY
Net profit · FY 2024
₹50.27 Lakh
Net margin 0.9%
EBITDA · FY 2024
₹7.29 Cr
EBITDA margin 12.5%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹12.95 Cr
Issued & subscribed
Open charges
₹45.56 Cr
Satisfied ₹80 Lakh
Company age
10 yrs
Est. 2016
Employees · EPFO
5
Provident fund records
About Axle Paper Private Limited
Data last updated:
Axle Paper Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 09 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21016GJ2016PTC086375. Its GSTIN is 24AAOCA2431N1ZK (Gujarat).
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.95 Cr. It is led by directors Vipulkumar Jadavji Kaila and Lalitkumar Premjibhai Charola.
Its last annual general meeting (AGM) was held on 31 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Morbi, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.09 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹50.27 Lakh (net margin 0.9%) and EBITDA of ₹7.29 Cr (EBITDA margin 12.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.56 Cr and satisfied charges of ₹80 Lakh on record. Court records list 16 cases involving the company, including 16 filed against it; 12 cases are pending. The company has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in December 2022. Its 6 peer companies in the Packaging industry (Paper, Paper Laminated and Corrugated Packaging), 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 Saradhambika Paper and Board Mills Private Limited with revenue of ₹58.69 Cr.
Axle Paper Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0003005). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U21016GJ2016PTC086375
Registration Number 086375
Incorporation Date 09 March 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 August 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-32-0003005
Recognitions & Rankings of Axle Paper
Contact details
Axle Paper Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 56P1 Near Jamsar Chokdi Bhimguda Road Village: Jamsar Tal: Wan, Kaner, Morbi, Gujarat, India – 363622
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Axle Paper Private Limited, buy the company report.
Comprehensive company report
Axle Paper 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 Axle Paper 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 Axle Paper Private Limited, buy the company report.
Financials of Axle Paper Private Limited
FY 2024 filings availableAxle Paper Private Limited reported revenue of ₹58.09 Cr (up 27% YoY) for FY 2024.
Revenue · FY 2024
₹58.09 Cr ▲ 27%
Net profit · FY 2024
₹50.27 Lakh margin 0.9%
EBITDA · FY 2024
₹7.29 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▼ 8%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 113%
3 years · compounded
▲ 26%
5 years · compounded
▲ 13%
Revenue rose 27% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 113% 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 |
|---|---|---|---|---|---|
| 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 | ₹7.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.27 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 12.5% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Axle Paper Private Limited, buy the company report.
Board of directors of Axle Paper Private Limited
Axle Paper has 2 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 |
|---|---|---|---|---|
| Vipulkumar Jadavji Kaila | Director | 09 Mar 2016 | 10 Years 7 Months | Current |
| Lalitkumar Premjibhai Charola | Director | 11 Jul 2019 | 7 Years 3 Months | Current |
Peer comparison
Axle Paper Private Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Paper, Paper Laminated and Corrugated Packaging), 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 |
|---|---|---|---|---|---|---|
| Saradhambika Paper and Board Mills Private Limited | ₹58.69 Cr (FY 2025) | 21.0% | Gobichettipalayam, Tamil Nadu, India | |||
| Naachiar Paper Boards Private Limited | ₹58.16 Cr (FY 2016) | -18.0% | Coimbatore, Tamil Nadu, India | |||
| Unicrate Packaging Private Limited | ₹58.13 Cr (FY 2025) | 16.0% | Medchal, Telangana, India | |||
| Axle Paper Private Limitedthis company | ₹58.09 Cr (FY 2024) | ₹50.27 Lakh | 0.9% | 27.0% | 5 | Morbi, Gujarat, India |
| Shree Karthik Papers Limited | ₹58.03 Cr (FY 2025) | -11.0% | Coimbatore, Tamil Nadu, India | |||
| Om Corrugated Pack Private Limited | ₹57.76 Cr (FY 2025) | 23.0% | Patna, Bihar, India | |||
| Monal Laminate Private Limited | ₹57.66 Cr (FY 2025) | 4.0% | Ghuntu, Gujarat, India |
To see the full peer comparison of Axle Paper Private Limited, buy the company report.
Auditor
Axle Paper 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 Axle Paper Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Axle Paper Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45.56 Cr
Satisfied charges
₹80 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2023 | 100850665 | Axis Bank Limited | ₹18.83 Lakh | Open | |
| 18 Aug 2020 | 100367430 | Axis Bank Limited | ₹45.37 Cr | Open | |
| 21 Oct 2016 | 100060840 | Others | ₹80 Lakh | Satisfied |
To see the full charge records of Axle Paper Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Axle Paper Private Limited has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in December 2022.
Total deals
5
Rights issues
3
Secondary share transfers
2
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹3.45 Cr | Investors: 4 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2019 | Rights issue | ₹1.2 Cr | Investors: 4 individuals |
| Oct 2016 | Rights issue | ₹5.29 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Axle Paper Private Limited has 16 court cases on record: 16 filed against it. 12 cases are pending and 4 are disposed.
Total cases
16
Filed against the company
16
Pending
12
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 11 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Ltd | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Complaint) | Filed against the company by Rupitol Finance Pvt. Ltd. | Pending |
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company by Indusind Bank Ltd. | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by Kisetsu Saison Finance India Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ugro Capital Limited | Pending |
To see the full case history of Axle Paper 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.
Credit ratings & regulatory alerts
Axle Paper Private Limited was last rated by Crisil on 05 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Mar 2020 |
To see the full credit ratings and regulatory alerts of Axle Paper Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Axle Paper Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Axle Paper Private Limited has a workforce of 5 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-58.33%
GST
Axle Paper has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCA2431N1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Axle Paper Private Limited, buy the company report.
Recent activity
Axle Paper Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Sagar Amarshibhai Charola ceased to be Director on 19 Apr 2025.
Charges
A charge with Axis Bank Limited of Rs. 45.37 Cr registered on 18 Aug 2020 with Charge ID 100367430 was modified on 29 Nov 2025.
Ceased
Sagar Amarshibhai Charola ceased to be Director.
AGM
Axle Paper Private Limited last Annual general meeting of members was held on 31 Aug 2024 as per latest MCA records.
Filing
Axle Paper Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100850665 was registered on 27 Nov 2023.
Charges
A charge registered on 21 Oct 2016 via Charge ID 100060840 with Others was fully satisfied on 19 Sep 2020.
Charges
A charge with Others of Rs. 0.80 Cr registered on 21 Oct 2016 with Charge ID 100060840 was modified on 05 Sep 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 45.37 Cr with Charge ID 100367430 was registered on 18 Aug 2020.
Ceased
Sanjaybhai Girdharbhai Kakasania ceased to be Director.
Appointed
Lalitkumar Premjibhai Charola was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 100060840 was registered on 21 Oct 2016.
Appointed
Sagar Amarshibhai Charola was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Axle Paper is an active private limited company based in Morbi, Gujarat, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 09 March 2016 (10+ years old) and is registered under CIN U21016GJ2016PTC086375.
Axle Paper has 2 current directors:
- Vipulkumar Jadavji Kaila - Director
- Lalitkumar Premjibhai Charola - Director
The latest financial statements of Axle Paper on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 August 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Axle Paper is 24AAOCA2431N1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Axle Paper is U21016GJ2016PTC086375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axle Paper has 16 court cases on record: 16 filed against it. 12 are pending. Most are in the district courts.
Axle Paper was incorporated on 09 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Axle Paper has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in December 2022.
The peers of Axle Paper by revenue are Saradhambika Paper and Board Mills Private Limited, Naachiar Paper Boards Private Limited, Unicrate Packaging Private Limited, Shree Karthik Papers Limited, Om Corrugated Pack Private Limited and 1 more, all in the Packaging industry (Paper, Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Sagar Amarshibhai Charola ceased to be Director on 19 Apr 2025. Sanjaybhai Girdharbhai Kakasania ceased to be Director on 03 Mar 2020. Lalitkumar Premjibhai Charola was appointed as Director on 11 Jul 2019. Axle Paper has 6 board changes on record in total.
Yes, Axle Paper is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0003005).
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