MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-23-0021225
Bhikusa Papers Private Limited - manufacturing in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹27.04 Cr
▲ 24% YoY
Net loss · FY 2025
₹78.9 Lakh
Net margin -2.9%
EBITDA · FY 2025
-₹36.46 Lakh
EBITDA margin -1.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Satisfied ₹1.8 Cr
Company age
61 yrs
Est. 1965
Employees · EPFO
24
Provident fund records
About Bhikusa Papers Private Limited
Data last updated:
Bhikusa Papers Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 29 July 1965 and has been in existence for over 61 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21010MH1965PTC013282. Its GSTIN is 27AABCB3548G1ZT (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Parashram Vishwanathsa Kshatriya and Mahendra Vishwanathsa Kshatriya.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 178 Hirawadi Panchavati, Nashik, Maharashtra, India – 422003.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.04 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹78.9 Lakh (net margin -2.9%) and EBITDA of -₹36.46 Lakh (EBITDA margin -1.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 13% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹1.8 Cr on record. Court records list 32 cases involving the company, including 16 filed by the company and 16 filed against it; 6 cases are pending.
Bhikusa Papers Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0021225). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhikusapapers.com.
Company details
CIN U21010MH1965PTC013282
Registration Number 013282
Incorporation Date 29 July 1965
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-23-0021225
Key People
Parashram Vishwanathsa Kshatriya Director Mahendra Vishwanathsa Kshatriya Director Balram Vishwanathsa Kshatriya Director Recognitions & Rankings of Bhikusa Papers
Contact details
Bhikusa Papers Private Limited's registered office is in Nashik, Maharashtra. Its website is bhikusapapers.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address178 Hirawadi Panchavati, Nashik, Maharashtra, India – 422003
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Bhikusa Papers Private Limited, buy the company report.
Comprehensive company report
Bhikusa Papers 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 Bhikusa Papers is manufacturing. In detail, this covers manufacture of paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 17 | Manufacture of paper and paper products |
To see the full business activity and turnover split of Bhikusa Papers Private Limited, buy the company report.
Financials of Bhikusa Papers Private Limited
FY 2025 filings availableBhikusa Papers Private Limited reported revenue of ₹27.04 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹27.04 Cr ▲ 24%
Net loss · FY 2025
₹78.9 Lakh margin -2.9%
EBITDA · FY 2025
-₹36.46 Lakh margin -1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 5%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 31%
5 years · compounded
▼ 21%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 24% growth in the latest year. EBITDA fell 3% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹36.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹78.9 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | ||||
| 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 | |||||
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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 Bhikusa Papers Private Limited, buy the company report.
Board of directors of Bhikusa Papers Private Limited
Bhikusa Papers has 5 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 |
|---|---|---|---|---|
| Parashram Vishwanathsa Kshatriya | Director | 01 Apr 2002 | 24 Years 7 Months | Current |
| Mahendra Vishwanathsa Kshatriya | Director | 01 Apr 2002 | 24 Years 7 Months | Current |
| Balram Vishwanathsa Kshatriya | Director | 01 Apr 2002 | 24 Years 7 Months | Current |
| Nirmal Narayansa Kshatriya | Director | 06 Nov 2015 | 11 Years 0 Months | Current |
| Rajashree Parashram Kshatriya | Director | 15 Sep 2014 | 12 Years 1 Months | Current |
Auditor
Bhikusa Papers Private Limited is audited by GOKHALE TANKSALE & GHATPANDE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOKHALE TANKSALE & GHATPANDE | FY 2023 | 103277W |
Shareholding
The shareholding of Bhikusa Papers 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 Bhikusa Papers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
₹1.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2022 | 100613677 | Hdfc Bank Limited | ₹2.5 Cr | Open | |
| 12 Jan 2022 | 100534748 | Others | ₹10 Lakh | Satisfied | |
| 29 Mar 2010 | 10212388 | Rlupee Co-Operative Bank Ltd. | ₹30 Lakh | Satisfied | |
| 11 Oct 2007 | 10104175 | Rupee Co Operative Bank Limited | ₹35 Lakh | Satisfied | |
| 11 Oct 2007 | 10150395 | Rupee Co Operative Bank Limited | ₹35 Lakh | Satisfied |
To see the full charge records of Bhikusa Papers Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Bhikusa Papers Private Limited has 32 court cases on record: 16 filed by Bhikusa Papers, 16 filed against it. 6 cases are pending and 26 are disposed.
Total cases
32
Filed by the company
16
Filed against the company
16
Pending
6
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 6 | 5 |
| High courts | 12 | 10 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Nashik Municipal Corporation Commissioner | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Shri Samrat Industries THR. Suraj Nanasaheb Patil | Pending |
| Bombay High Court | Court case (APP) | Filed against the company by an individual | Pending |
| District court, Nashik, Maharashtra | Court case (R.C.C.) | Filed by the company against an individual | Pending |
To see the full case history of Bhikusa Papers 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
No delayed payments to MSME suppliers are on our record for Bhikusa Papers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhikusa Papers Private Limited has a workforce of 24 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
Employee growth
-14.29%
GST
Bhikusa Papers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB3548G1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhikusa Papers Private Limited, buy the company report.
Recent activity
Bhikusa Papers Private Limited has 9 board changes on record since 2002: 7 appointments and 2 cessations. The latest: Narayansa Vishwanathsa Kshatriya ceased to be Director on 17 Oct 2018.
AGM
Bhikusa Papers Private Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Filing
Bhikusa Papers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 12 Jan 2022 via Charge ID 100534748 with Others was fully satisfied on 16 Jan 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 100613677 was registered on 01 Sep 2022.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100534748 was registered on 12 Jan 2022.
Charges
A charge registered on 12 Mar 1999 via Charge ID 80024906 with Rupee Co Operative Bank Limited was fully satisfied on 30 Sep 2019.
Ceased
Narayansa Vishwanathsa Kshatriya ceased to be Director.
Appointed
Nirmal Narayansa Kshatriya was appointed as Director.
Charges
A charge registered on 29 Mar 2010 via Charge ID 10212388 with Rlupee Co-Operative Bank Ltd. was fully satisfied on 16 Mar 2015.
Appointed
Rajashree Parashram Kshatriya was appointed as Director.
Ceased
Gangaram Vishwanathsa Kshatriya ceased to be Director.
Charges
A charge with Rlupee Co-Operative Bank Ltd. amounted to Rs. 30.00 Lakh with Charge ID 10212388 was registered on 29 Mar 2010.
12 earlier events are in the company report.
Frequently asked questions
Bhikusa Papers is an active private limited company based in Nashik, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 29 July 1965 (61+ years old) and is registered under CIN U21010MH1965PTC013282.
Bhikusa Papers has 5 current directors:
- Parashram Vishwanathsa Kshatriya - Director
- Mahendra Vishwanathsa Kshatriya - Director
- Balram Vishwanathsa Kshatriya - Director
- Nirmal Narayansa Kshatriya - Director
- Rajashree Parashram Kshatriya - Director
The latest financial statements of Bhikusa Papers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhikusa Papers is 27AABCB3548G1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bhikusa Papers is U21010MH1965PTC013282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhikusa Papers has 32 court cases on record: 16 filed by the company and 16 filed against it. 6 are pending. Most are in the district courts.
Bhikusa Papers was incorporated on 29 July 1965, making it 61+ years old. It is registered with the Registrar of Companies, Mumbai.
Narayansa Vishwanathsa Kshatriya ceased to be Director on 17 Oct 2018. Nirmal Narayansa Kshatriya was appointed as Director on 06 Nov 2015. Rajashree Parashram Kshatriya was appointed as Director on 15 Sep 2014. Bhikusa Papers has 9 board changes on record in total.
Yes, Bhikusa Papers is registered as a small enterprise under Udyam registration (number: UDYAM-MH-23-0021225).
Bhikusa Papers can be reached through the website bhikusapapers.com. Its registered office is in Nashik, Maharashtra, India.
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