MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-RJ-17-0009955
Bonafide Arts Private Limited
Bonafide Arts Private Limited - metals and minerals in Bagru, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹118.38 Cr
▲ 12% YoY
Net profit · FY 2025
₹75.82 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹2.62 Cr
EBITDA margin 2.2%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹3.76 Cr
Issued & subscribed
Open charges
₹126.55 Cr
Satisfied ₹34.65 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
9
Provident fund records
About Bonafide Arts Private Limited
Data last updated:
Bonafide Arts Private Limited is a private limited company based in Bagru, Rajasthan, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U45201RJ2005PTC020357. Its GSTIN is 08AADCP5014B1ZY (Rajasthan).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.76 Cr. It is led by directors including Gurmukh Singh and Saravjeet Kaur.
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 Plot No – A/162 RIICO Industrial Area Bagru Extension – II, Rajasthan, India – 303007.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.38 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹75.82 Lakh (net margin 0.6%) and EBITDA of ₹2.62 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹126.55 Cr and satisfied charges of ₹34.65 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 2 cases are pending.
Bonafide Arts Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0009955). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45201RJ2005PTC020357
Registration Number 020357
Incorporation Date 01 March 2005
ROC Jaipur
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 Medium
Udyam Registration UDYAM-RJ-17-0009955
Recognitions & Rankings of Bonafide Arts
Contact details
Bonafide Arts Private Limited's registered office is in Bagru, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No – A/162 RIICO Industrial Area Bagru Extension – II, Rajasthan, India – 303007
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Bonafide Arts Private Limited, buy the company report.
Comprehensive company report
Bonafide Arts 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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Secure checkout · GST invoice included
Business activity
The main business activity of Bonafide Arts is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Bonafide Arts Private Limited, buy the company report.
Financials of Bonafide Arts Private Limited
FY 2024 filings availableBonafide Arts Private Limited reported revenue of ₹118.38 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹118.38 Cr ▲ 12%
Net profit · FY 2025
₹75.82 Lakh margin 0.6%
EBITDA · FY 2025
₹2.62 Cr margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 4%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 6%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 12% growth in the latest year. EBITDA fell 10% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹2.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹75.82 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 2.2% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Bonafide Arts Private Limited, buy the company report.
Board of directors of Bonafide Arts Private Limited
Bonafide Arts has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurmukh Singh Also directs: JW Steels Private Limited, Amar Partap Steels Limited | Director | 22 Sep 2011 | 15 Years 1 Months | Current |
| Saravjeet Kaur | Director | 31 Aug 2019 | 7 Years 1 Months | Current |
| Dharamveer Singh Also directs: JW Steels Private Limited, Amar Partap Steels Limited | Director | 22 Sep 2011 | 15 Years 1 Months | Current |
Peer comparison
Bonafide Arts Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hoin Mal Sons Enterprises Private Limited | ₹119.72 Cr (FY 2025) | -8.0% | Raebareli, Uttar Pradesh, India | |||
| Rana Steels India Private Limited | ₹119.6 Cr (FY 2025) | -11.0% | Uttar Pradesh, India | |||
| Umashakti Steels Private Limited | ₹119.17 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Bonafide Arts Private Limitedthis company | ₹118.38 Cr (FY 2025) | ₹75.82 Lakh | 0.6% | 12.0% | 9 | Bagru, Rajasthan, India |
| World Wide Iron and Steels Private Limited | ₹118.28 Cr (FY 2025) | -1.0% | Palakkad, Kerala, India | |||
| Maharaja Resources Private Limited | ₹118.2 Cr (FY 2025) | -2.0% | Jajpur, Odisha, India | |||
| Ratusaria Steels Private Limited | ₹118.07 Cr (FY 2025) | -26.0% | Howrah, West Bengal, India |
To see the full peer comparison of Bonafide Arts Private Limited, buy the company report.
Auditor
Bonafide Arts Private Limited is audited by A NATANI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A NATANI & CO. | FY 2022 | 007347C |
Shareholding
The shareholding of Bonafide Arts 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 Bonafide Arts Private Limited, buy the company report.
Charges & borrowings
Open charges
₹126.55 Cr
Satisfied charges
₹34.65 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2025 | 101200848 | Others | ₹12 Cr | Open | |
| 30 Dec 2023 | 100865551 | Axis Bank Limited | ₹45.56 Cr | Open | |
| 12 Jul 2023 | 100756945 | Indian Bank | ₹80 Lakh | Open | |
| 26 Nov 2021 | 100512459 | State Bank of India | ₹55.42 Cr | Open | |
| 12 Sep 2013 | 10452970 | State Bank of India | ₹12.77 Cr | Open |
To see the full charge records of Bonafide Arts Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Bonafide Arts Private Limited has 5 court cases on record: 5 filed by Bonafide Arts. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
5
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The State of Rajasthan and 3 others | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against State of Rajasthan and 2 others | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against Deputy Commissioner, Central Goods and Service Tax | Disposed |
| High Court | Writ petition | Filed by the company against Deputy Commissioner, Central Goods and Service Tax | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Disposed |
To see the full case history of Bonafide Arts 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 Bonafide Arts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bonafide Arts Private Limited has a workforce of 9 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-10%
GST
Bonafide Arts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AADCP5014B1ZY | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bonafide Arts Private Limited, buy the company report.
Recent activity
Bonafide Arts Private Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Jaswant Dang Singh ceased to be Director on 30 Apr 2021.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 101200848 was registered on 20 Nov 2025.
Charges
A charge registered on 07 May 2018 via Charge ID 100177692 with State Bank Of India was fully satisfied on 16 Jul 2025.
Charges
A charge with Axis Bank Limited of Rs. 45.56 Cr registered on 30 Dec 2023 with Charge ID 100865551 was modified on 21 Nov 2024.
AGM
Bonafide Arts Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Bonafide Arts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
Charges
A charge with Axis Bank Limited amounted to Rs. 45.56 Cr with Charge ID 100865551 was registered on 30 Dec 2023.
Charges
A charge with Indian Bank amounted to Rs. 0.80 Cr with Charge ID 100756945 was registered on 12 Jul 2023.
Charges
A charge with State Bank Of India of Rs. 55.42 Cr registered on 26 Nov 2021 with Charge ID 100512459 was modified on 29 Nov 2022.
Charges
A charge registered on 12 Sep 2013 via Charge ID 10452974 with State Bank Of Bikaner And Jaipur was fully satisfied on 20 Aug 2022.
Charges
A charge registered on 28 Jun 2013 via Charge ID 10438857 with State Bank Of India was fully satisfied on 20 Aug 2022.
Charges
A charge with State Bank Of India of Rs. 12.77 Cr registered on 12 Sep 2013 with Charge ID 10452970 was modified on 30 Nov 2021.
Charges
A charge with State Bank Of India amounted to Rs. 55.42 Cr with Charge ID 100512459 was registered on 26 Nov 2021.
16 earlier events are in the company report.
Frequently asked questions
Bonafide Arts is an active private limited company based in Bagru, Rajasthan, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 March 2005 (21+ years old) and is registered under CIN U45201RJ2005PTC020357.
Bonafide Arts has 3 current directors:
- Gurmukh Singh - Director
- Saravjeet Kaur - Director
- Dharamveer Singh - Director
The latest financial statements of Bonafide Arts 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 Bonafide Arts is 08AADCP5014B1ZY, registered in Rajasthan.
The CIN (Corporate Identification Number) of Bonafide Arts is U45201RJ2005PTC020357. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bonafide Arts has 5 court cases on record: 5 filed by the company. 2 are pending.
Bonafide Arts was incorporated on 01 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Bonafide Arts by revenue are Hoin Mal Sons Enterprises Private Limited, Rana Steels India Private Limited, Umashakti Steels Private Limited, World Wide Iron and Steels Private Limited, Maharaja Resources Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Jaswant Dang Singh ceased to be Director on 30 Apr 2021. Saravjeet Kaur ceased to be Additional Director on 30 Sep 2019. Saravjeet Kaur was appointed as Director on 31 Aug 2019. Bonafide Arts has 10 board changes on record in total.
Yes, Bonafide Arts is registered as a medium enterprise under Udyam registration (number: UDYAM-RJ-17-0009955).
The registered office of Bonafide Arts is at Plot No – A162 RIICO Industrial Area Bagru Extension – II, Rajasthan, India – 303007.