About Best Paper Mills Private Limited
Data last updated:
Best Paper Mills Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 26 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21000MH1995PTC093122. Its GSTIN is 24AAACB2782M1ZL (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.32 Cr. It is led by directors including Ramesh Keshavji Shah (Managing Director) and Ketan Keshavji Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 Ram Niwas Pranjpe `B' Scheme Road No. 3 Vile Parle (East), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹624.49 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹12.84 Cr (net margin 2.1%) and EBITDA of ₹40.3 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over five years.
The company has about 199 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹76.5 Cr and satisfied charges of ₹271.24 Cr on record. Court records list 29 cases involving the company, including 7 filed by the company and 22 filed against it; 12 cases are pending. The company has 18 deals on record (15 secondary share transfers, 3 funding rounds), with disclosed funding of ₹12.57 Cr; the latest was in March 2024. 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 K R Pulp and Papers Limited with revenue of ₹712.01 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bestpaper.co.in.
Company details
CIN history
Best Paper Mills has one previous CIN (Corporate Identification Number): U21000MH2004PTC093122. The current CIN is U21000MH1995PTC093122, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21000MH1995PTC093122 | Current |
| U21000MH2004PTC093122 | Previous |
Contact details
Best Paper Mills Private Limited's registered office is in Mumbai, Maharashtra. Its website is bestpaper.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 Ram Niwas Pranjpe `B' Scheme Road No. 3 Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Best 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 activities of Best Paper Mills are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers wood and wood products, furniture, paper and paper products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| 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 | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Best Paper Mills Private Limited, buy the company report.
Financials of Best Paper Mills Private Limited
FY 2025 filings availableBest Paper Mills Private Limited reported revenue of ₹624.49 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 24% growth in the latest year. EBITDA rose 30% 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 | ₹40.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.84 Cr | ||||
| 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 | 6.5% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Best Paper Mills Private Limited, buy the company report.
Board of directors and KMP of Best Paper Mills Private Limited
Best Paper Mills Private Limited currently reports 3 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeeva Kalinga Shetty | Director | 12 Jul 2012 | 14 Years 3 Months | Current |
| Ramesh Keshavji Shah | Managing Director | 26 Sep 1995 | 31 Years 1 Months | Current |
| Ketan Keshavji Shah Also directs: Federation of Indian Paper Recyclers | Whole-Time Director | 26 Sep 1995 | 31 Years 1 Months | Current |
| Bijoy Shah Ramesh | Cfo | 01 Apr 2015 | 11 Years 7 Months | Current |
Peer comparison
Best Paper Mills 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 |
|---|---|---|---|---|---|---|
| K R Pulp and Papers Limited | ₹712.01 Cr (FY 2025) | -12.0% | Delhi, India | |||
| Bahl Paper Mills Limited | ₹700.39 Cr (FY 2025) | 35.0% | New Delhi, Delhi, India | |||
| GVG Paper Mills Private Limited | ₹670.22 Cr (FY 2025) | 2.0% | Udumalpet, Tamil Nadu, India | |||
| Best Paper Mills Private Limitedthis company | ₹624.49 Cr (FY 2025) | ₹12.84 Cr | 2.1% | 24.0% | 199 | Mumbai, Maharashtra, India |
| Sripathi Paper and Boards Private Limited | ₹594.16 Cr (FY 2025) | 3.0% | Sathyamangalam, Tamil Nadu, India | |||
| Lord's Mark Industries Limited | ₹556.75 Cr (FY 2024) | 82.0% | Mumbai, Maharashtra, India | |||
| R A Kraft Paper Private Limited | ₹526.11 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Best Paper Mills Private Limited, buy the company report.
Auditor
Best Paper Mills Private Limited is audited by Sunderji Gosar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sunderji Gosar & Co. | FY 2023 | 115543W |
Shareholding
The shareholding of Best 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 Best Paper Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2026 | 101224557 | Hdfc Bank Limited | ₹87 Lakh | Open | |
| 29 Jul 2025 | 101137361 | Axis Bank Limited | ₹14.01 Cr | Open | |
| 29 May 2024 | 100926474 | Hdfc Bank Limited | ₹24 Lakh | Open | |
| 15 Dec 2023 | 100832233 | Hdfc Bank Limited | ₹17.71 Lakh | Open | |
| 25 Oct 2023 | 100815707 | Hdfc Bank Limited | ₹19.84 Lakh | Open |
To see the full charge records of Best Paper Mills Private Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Best Paper Mills Private Limited has 18 deals on record (15 secondary share transfers, 3 funding rounds), with disclosed funding of ₹12.57 Cr; the latest was in March 2024.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Keshavji Bharmal Shah HUF, 3 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Kantilal Lakamshi Haria HUF, Sumaria Family Trust, 2 individuals Seller: 4 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Vilco Pharma Private Limited , Bimal K Haria HUF, 2 individuals |
| Mar 2006 | Funding round | ₹5.13 Cr | Investors: Shresth Leasing and Finance Limited , Rahul Vijay Bankda, Vanguard Jewels Limited |
To see the full deal history of Best 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
Best Paper Mills Private Limited has 29 court cases on record: 7 filed by Best Paper Mills, 22 filed against it. 12 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 8 | 4 |
| High courts | 12 | 12 | 6 |
| Supreme Court | 2 | 2 | 2 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Civil suit | Filed against the company by Shri Padmakar Madhukar Patil Authorised Person of H.S.V.Energy Pvt Ltd. | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by The Principal Commissioner of Income Tax 9 | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Shri Shakti Industries | Pending |
| Supreme Court | Court case | Filed against the company by The PR Commissioner of Income Tax 9 | Pending |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax-9 -, Suresh Kumar | Pending |
To see the full case history of Best 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.
Credit ratings & regulatory alerts
Best Paper Mills Private Limited was last rated by Crisil on 31 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Aug 2020 |
To see the full credit ratings and regulatory alerts of Best Paper Mills Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Best Paper Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Best Paper Mills has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Best Paper Mills Private Limited has a workforce of 199 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Best Paper Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACB2782M1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Best Paper Mills Private Limited, buy the company report.
Recent activity
Best Paper Mills Private Limited has 8 board changes on record since 1995: 6 appointments and 2 cessations. The latest: Bijoy Shah Ramesh was appointed as CFO on 01 Apr 2015.
51 earlier events are in the company report.
Frequently asked questions
Best Paper Mills is an active private limited company based in Mumbai, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 26 September 1995 (31+ years old) and is registered under CIN U21000MH1995PTC093122.
Best Paper Mills has 4 current directors and KMP:
- Ramesh Keshavji Shah - Managing Director
- Ketan Keshavji Shah - Whole-Time Director
- Rajeeva Kalinga Shetty - Director
- Bijoy Shah Ramesh - Cfo
The latest financial statements of Best Paper Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Best Paper Mills is 24AAACB2782M1ZL, 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 Best Paper Mills is U21000MH1995PTC093122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best Paper Mills has 29 court cases on record: 7 filed by the company and 22 filed against it. 12 are pending. Most are in the district courts.
Best Paper Mills was incorporated on 26 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Best Paper Mills has 18 deals on record (15 secondary share transfers, 3 funding rounds), with disclosed funding of ₹12.57 Cr; the latest was in March 2024.
The peers of Best Paper Mills by revenue are K R Pulp and Papers Limited, Bahl Paper Mills Limited, GVG Paper Mills Private Limited, Sripathi Paper and Boards Private Limited, Lord's Mark Industries 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).
Bijoy Shah Ramesh was appointed as CFO on 01 Apr 2015. Manoj Shantilal Rathod ceased to be Director on 02 Jun 2014. Rajeeva Kalinga Shetty was appointed as Director on 12 Jul 2012. Best Paper Mills has 8 board changes on record in total.
Best Paper Mills can be reached through the website bestpaper.co.in. Its registered office is in Mumbai, 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.
