About Honicel
Honicel is an Industrial Goods & Manufacturing company based in Zelhem (Netherlands) founded in 1954. Paper honeycomb products are manufactured and supplied globally. It operates on a Direct-to-Consumer (D2C) model. The company has 9 employees. Its Indian entity Honicel India Private Limited reported revenue of ₹22.88 Cr. The company has since been acquired. Honicel offers products and services including Paper Honeycomb and Honicore Expander/Dryers. Its focus areas include Manufacturing, Paper Products and Sustainable Materials.
Company details
High-quality paper honeycomb products are produced by Honicel, focusing on sustainability and lightweight materials. Solutions are provided for industries such as doors, automotive, furniture, and packaging. Emphasis is placed on using 100 FSC recycled paper, ensuring environmental responsibility. Advanced processing equipment like Honicore ExpanderDryers is also offered to optimize honeycomb applications across various sectors.
- Headquarters Zelhem, Netherlands
- Employees 9
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Phone•••• ••••
- Website honicel.com
- Legal Name Yamaton Honicore B.V.
- Date of Incorporation 03 Mar, 2006
- Jurisdiction Chennai, Tamil Nadu, India
- Indian entity revenue₹22.88 Cr
FY 2023 · +129% YoY
- Indian entity net profit₹1.02 Cr
FY 2023 · 4% margin
- Indian entity EBITDA₹1.96 Cr
FY 2023 · 9% margin
- Employee Count9
Associated legal entities of Honicel
Honicel operates through Honicel India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Honicel India Private Limited CIN U36999TN2006PTC059107 | Active | 03 Mar 2006 | Chennai, Tamil Nadu | ₹22.9 Cr | 9 | 2 | View details |
Products & Services of Honicel
Honicel offers a comprehensive portfolio of products and services, including Paper Honeycomb and Honicore Expander/Dryers.
Lightweight honeycomb made from recycled FSC paper material.
Equipment designed for optimal paper honeycomb processing applications.
Board of directors of Honicel India Private Limited (Honicel)
Honicel India Private Limited is the primary company behind Honicel. The board of Honicel India Private Limited currently have 2 directors; the longest-serving is Thesu Ethiraj Giridharraj, appointed in 2011. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thesu Ethiraj Giridharraj DIN 00085131 | Director | 15 Dec 2011 | 14 yrs 10 mo | Honicel India Private Limited |
| Gajendran Sarala DIN 05146921 | Additional Director | 09 Dec 2018 | 7 yrs 11 mo | Honicel India Private Limited |
Financials of Honicel
Figures of Honicel India Private Limited, the primary company behind Honicel, for FY 2023. Revenue was ₹22.88 Cr (+129% year on year). Net profit was ₹1.02 Cr (4% margin). EBITDA was ₹1.96 Cr (9% margin). Revenue has grown at a compounded annual rate of +81% over three years and +59% over five years.
- ₹22.88 CrRevenue · FY 2023 · +129% YoY
- ₹1.02 CrNet profit · 4% margin
- ₹1.96 CrEBITDA · 9% margin
- ₹88.7 LakhPaid-up capital
- 9Employees (provident fund records)
- +81%Revenue CAGR, 3 years
- +59%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Honicel India Private Limited are on its company page.
Detailed financial statements for Honicel
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- Five-year trends
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Frequently Asked Questions about Honicel
Honicel was founded in 1954.
Honicel is headquartered in Zelhem, Netherlands. It is registered at Zelhem, Gelderland, Netherlands.
Honicel has 9 employees.
The primary company behind Honicel, Honicel India Private Limited, reported revenue of ₹22.88 Cr for FY 2023, up 129% year on year.
High-quality paper honeycomb products are produced by Honicel, focusing on sustainability and lightweight materials. Solutions are provided for industries such as doors, automotive, furniture, and packaging. Emphasis is placed on using 100 FSC recycled paper, ensuring environmental responsibility. Advanced processing equipment like Honicore ExpanderDryers is also offered to optimize honeycomb applications across various sectors.
Honicel offers Paper Honeycomb and Honicore Expander/Dryers.
Honicel operates through Honicel India Private Limited.
The legal entities of Honicel currently have 2 directors, including Thesu Ethiraj Giridharraj, Gajendran Sarala.