MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0034345
Bhairav Raffia Private Limited - packaging in Moriya, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹13.03 Cr
▼ 23.83% YoY
Net loss · FY 2025
₹69.28 Lakh
Net margin -5.3%
EBITDA · FY 2025
₹68.44 Lakh
EBITDA margin 5.3%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹38.46 Lakh
Issued & subscribed
Open charges
₹7.94 Cr
Satisfied ₹14.03 Cr
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings
About Bhairav Raffia Private Limited
Data last updated:
Bhairav Raffia Private Limited is a private limited company based in Moriya, Gujarat, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 24 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24139GJ2003PTC043397. Its GSTIN is 24AACCB3936F1Z0 (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹38.46 Lakh. It is led by directors Rajeshbhai Zabbarraj Sankalecha and Ronak Suresh Mehta.
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 Survey No 427 Shed No 11 Maha Gujarat Industrial Estate Opp Nova Petrochem Sarkhej Bavla, Road, Moriya, Gujarat, India – 382210.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.03 Cr. For the same year it recorded a net loss of ₹69.28 Lakh (net margin -5.3%) and EBITDA of ₹68.44 Lakh (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 4% over five years.
The company is associated with 1 brand: Bhairav Raffia. As per MCA filings, the company has open charges of ₹7.94 Cr and satisfied charges of ₹14.03 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
Bhairav Raffia Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0034345). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhairavraffia.com.
Company details
CIN U24139GJ2003PTC043397
Registration Number 043397
Incorporation Date 24 December 2003
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-01-0034345
Recognitions & Rankings of Bhairav Raffia
Contact details
Bhairav Raffia Private Limited's registered office is in Moriya, Gujarat. Its website is bhairavraffia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No 427 Shed No 11 Maha Gujarat Industrial Estate Opp Nova Petrochem Sarkhej Bavla, Road, Moriya, Gujarat, India – 382210
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Bhairav Raffia Private Limited, buy the company report.
Comprehensive company report
Bhairav Raffia 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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Brands
Bhairav Raffia operates one associated brand: BHAIRAV RAFFIA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of laminated and woven bags for packaging in various industries. | bhairavraffia.com |
Business activity
The main business activity of Bhairav Raffia is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Bhairav Raffia Private Limited, buy the company report.
Financials of Bhairav Raffia Private Limited
FY 2024 filings availableBhairav Raffia Private Limited reported revenue of ₹13.03 Cr for FY 2025.
Revenue · FY 2025
₹13.03 Cr
Net loss · FY 2025
₹69.28 Lakh margin -5.3%
EBITDA · FY 2025
₹68.44 Lakh margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 17%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 211%
3 years · compounded
▼ 31%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years. EBITDA rose 211% 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 | ₹68.44 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹69.28 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 | 5.3% | ||||
| Net Profit Margin | -5.3% | ||||
| 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 Bhairav Raffia Private Limited, buy the company report.
Board of directors of Bhairav Raffia Private Limited
Bhairav Raffia 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 |
|---|---|---|---|---|
| Rajeshbhai Zabbarraj Sankalecha | Director | 22 Apr 2019 | 7 Years 6 Months | Current |
| Ronak Suresh Mehta | Director | 10 Dec 2019 | 6 Years 11 Months | Current |
Peer comparison
Bhairav Raffia Private Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Colourspace Packaging Private Limited | ₹13.3 Cr (FY 2025) | -13.0% | Kheda, Gujarat, India | |||
| Ekdant Polyfabs Private Limited | ₹13.21 Cr (FY 2025) | 6.0% | Dhanbad, Jharkhand, India | |||
| Bhairav Raffia Private Limitedthis company | ₹13.03 Cr (FY 2025) | -₹69.28 Lakh | -5.3% | Moriya, Gujarat, India | ||
| Ashamani Polly Products Private Limited | ₹12.73 Cr (FY 2025) | -15.0% | Balasore, Odisha, India |
To see the full peer comparison of Bhairav Raffia Private Limited, buy the company report.
Auditor
Bhairav Raffia Private Limited is audited by SURANA MALOO & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURANA MALOO & CO. | FY 2023 | 112171W |
Shareholding
The shareholding of Bhairav Raffia 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 Bhairav Raffia Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.94 Cr
Satisfied charges
₹14.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jul 2012 | 10367388 | Others | ₹4.97 Cr | Open | |
| 12 Jul 2012 | 10369163 | Nutan Nagarik Sahakari Bank Ltd. | ₹2.97 Cr | Open | |
| 26 Aug 2022 | 100606881 | Others | ₹1.8 Cr | Satisfied | |
| 16 Jun 2020 | 100349134 | Others | ₹75 Lakh | Satisfied | |
| 03 Jul 2017 | 100113270 | Others | ₹95.5 Lakh | Satisfied |
To see the full charge records of Bhairav Raffia Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Bhairav Raffia Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Standard Chartered Bank | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Standard Chartered Bank | Disposed |
| District court, Fazilka, Punjab | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Bhairav Raffia 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
Bhairav Raffia Private Limited has 5 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 18 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 (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bonus Plastics Private Limited | |||
| Divine Polyfeb LLP | |||
| an individual supplier | |||
| an individual supplier | |||
| Radhey Industries |
To see the full MSME payment records of Bhairav Raffia Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Bhairav Raffia has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB3936F1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhairav Raffia Private Limited, buy the company report.
Recent activity
Bhairav Raffia Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Leelaben Sureshkumar Mehta ceased to be Director on 10 Dec 2019.
Charges
A charge with Others of Rs. 497.00 Lakh registered on 12 Jul 2012 with Charge ID 10367388 was modified on 06 Sep 2025.
AGM
Bhairav Raffia Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 26 Aug 2022 via Charge ID 100606881 with Others was fully satisfied on 20 Aug 2024.
Charges
A charge registered on 03 Jul 2017 via Charge ID 100113270 with Others was fully satisfied on 19 Apr 2024.
Filing
Bhairav Raffia Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 180.00 Lakh with Charge ID 100606881 was registered on 26 Aug 2022.
Charges
A charge registered on 16 Jun 2020 via Charge ID 100349134 with Others was fully satisfied on 10 Aug 2022.
Charges
A charge registered on 27 Jun 2015 via Charge ID 10579461 with Nutan Nagarik Sahakari Bank Ltd. was fully satisfied on 16 Mar 2021.
Charges
A charge registered on 10 May 2014 via Charge ID 10494645 with Nutan Nagarik Sahakari Bank Ltd. was fully satisfied on 16 Mar 2021.
Charges
A charge registered on 12 Jul 2012 via Charge ID 10367566 with Nutan Nagarik Sahakari Bank Ltd. was fully satisfied on 16 Mar 2021.
Charges
A charge registered on 12 Jul 2012 via Charge ID 10367567 with Nutan Nagarik Sahakari Bank Ltd. was fully satisfied on 16 Mar 2021.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100349134 was registered on 16 Jun 2020.
26 earlier events are in the company report.
Frequently asked questions
Bhairav Raffia is an active private limited company based in Moriya, Gujarat, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 24 December 2003 (23+ years old) and is registered under CIN U24139GJ2003PTC043397.
Bhairav Raffia has 2 current directors:
- Rajeshbhai Zabbarraj Sankalecha - Director
- Ronak Suresh Mehta - Director
The latest financial statements of Bhairav Raffia 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 2015 are in the company report.
The GSTIN of Bhairav Raffia is 24AACCB3936F1Z0, registered in Gujarat.
The CIN (Corporate Identification Number) of Bhairav Raffia is U24139GJ2003PTC043397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhairav Raffia has 3 court cases on record: 3 filed against it. 1 is pending.
Bhairav Raffia was incorporated on 24 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Bhairav Raffia by revenue are Colourspace Packaging Private Limited, Ekdant Polyfabs Private Limited, Ashamani Polly Products Private Limited, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Leelaben Sureshkumar Mehta ceased to be Director on 10 Dec 2019. Ronak Suresh Mehta was appointed as Director on 10 Dec 2019. Zabbarraj Surajmalji Sanklecha ceased to be Director on 18 Jun 2019. Bhairav Raffia has 4 board changes on record in total.
Yes, Bhairav Raffia is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0034345).
Bhairav Raffia has 5 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 18 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Bhairav Raffia can be reached through the website bhairavraffia.com. Its registered office is in Moriya, Gujarat, India.
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