MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0019814
Cherise (India) Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹140.01 Cr
▲ 55% YoY
Net profit · FY 2025
₹13.95 Cr
Net margin 10%
EBITDA · FY 2025
₹35.31 Cr
EBITDA margin 25.2%
Authorised capital
₹16.5 Cr
Registered with MCA
Paid-up capital
₹7.76 Cr
Issued & subscribed
Open charges
₹161.91 Cr
Satisfied ₹36.5 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
141
Provident fund records
About Cherise (India) Private Limited
Data last updated:
Cherise (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 16 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC317161. Its GSTIN is 27AAHCC8654L1Z2 (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹16.5 Cr and a paid-up capital of ₹7.76 Cr. It is led by directors Pawan Mundhra and Parimal Kalpesh Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1203 Imperial Residency, Gulmohar Road 12 Jvpds Juhu Vile Parle West Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2025, the company reported a revenue of ₹140.01 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹13.95 Cr (net margin 10%) and EBITDA of ₹35.31 Cr (EBITDA margin 25.2%). Revenue has grown at a compounded annual rate (CAGR) of 105% over three years and 232% over five years.
The company has about 141 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Cherise and Cherise Tapri. As per MCA filings, the company has open charges of ₹161.91 Cr and satisfied charges of ₹36.5 Cr on record. The company has 18 deals on record (11 funding rounds, 3 rights issues, 3 debt financings), with disclosed funding of ₹217 Cr; the latest was in May 2026. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 82 overdue payments to 31 micro and small suppliers.
Cherise (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0019814). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cherisetapri.com.
Company details
CIN U74999MH2018PTC317161
Registration Number 317161
Incorporation Date 16 November 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0019814
Recognitions & Rankings of Cherise (India)
Contact details
Cherise (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is cherisetapri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1203 Imperial Residency, Gulmohar Road 12 Jvpds Juhu Vile Parle West Mumbai, Maharashtra, India – 400049
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Cherise (India) Private Limited, buy the company report.
Comprehensive company report
Cherise (India) 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
Cherise (India) operates two associated brands: Cherise and Cherise Tapri. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a direct-to-consumer brand of multi-category tea products and accessories. | cheriseglobal.com | |
| Tea and coffee-making machines are provided via an online platform. | cherisetapri.com |
Business activity
The main business activity of Cherise (India) is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Cherise (India) Private Limited, buy the company report.
Financials of Cherise (India) Private Limited
FY 2025 filings availableCherise (India) Private Limited reported revenue of ₹140.01 Cr (up 55% YoY) for FY 2025.
Revenue · FY 2025
₹140.01 Cr ▲ 55%
Net profit · FY 2025
₹13.95 Cr margin 10%
EBITDA · FY 2025
₹35.31 Cr margin 25.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 105%
5 years · compounded
▲ 232%
EBITDA CAGR growth
1 year
▲ 86%
3 years · compounded
▲ 112%
5 years · compounded
▲ 96%
Revenue has grown at a compounded annual rate (CAGR) of 232% over five years, including 55% growth in the latest year. EBITDA rose 86% 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 | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹35.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.95 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| 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 | 25.2% | ||||
| Net Profit Margin | 10% | ||||
| 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 Cherise (India) Private Limited, buy the company report.
Board of directors of Cherise (India) Private Limited
Cherise (India) 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 |
|---|---|---|---|---|
| Pawan Mundhra Also directs: Cherise Global Private Limited | Director | 23 Apr 2021 | 5 Years 6 Months | Current |
| Parimal Kalpesh Shah Also directs: Cherise Global Private Limited | Director | 16 Nov 2018 | 7 Years 11 Months | Current |
Auditor
Cherise (India) Private Limited is audited by Abhishek Bagaria and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Abhishek Bagaria and Associates | FY 2022 |
Shareholding
The shareholding of Cherise (India) Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Cherise (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹161.91 Cr
Satisfied charges
₹36.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2025 | 101204138 | Others | ₹8 Cr | Open | |
| 28 Aug 2025 | 101171267 | Others | ₹1.53 Cr | Open | |
| 08 Aug 2025 | 101161707 | Canara Bank | ₹20 Cr | Open | |
| 31 Jul 2025 | 101135245 | Others | ₹1.53 Cr | Open | |
| 25 Jul 2025 | 101128211 | Others | ₹5 Cr | Open |
To see the full charge records of Cherise (India) Private Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Cherise (India) Private Limited has 18 deals on record (11 funding rounds, 3 rights issues, 3 debt financings), with disclosed funding of ₹217 Cr; the latest was in May 2026.
Total deals
18
Funding rounds
11
Rights issues
3
Debt financings
3
Secondary share transfer
1
Disclosed funding
₹217 Cr
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Debt financing | ₹4 Cr | Investors: Asim Industries Private Limited , 2 individuals |
| Apr 2026 | Debt financing | ₹37.66 Cr | Investors: RS Global Infotech LLP , Blue Ashva Capital, Punctual Properties Private Limited |
| Oct 2025 | Funding round | ₹100.04 Cr | Investors: Serene Alpha Capital Fund I, Seven Alpha Investors Private Limited , Statistical Edge Investors Private Limited |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Rush Techmart Solutions Private Limited Seller: Baywatch Travels Private Limited |
| Jan 2023 | Funding round | ₹15 Cr | Investors: Rush Techmart Solutions Private Limited |
To see the full deal history of Cherise (India) 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
No court or tribunal cases involving Cherise (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Cherise (India) Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 82 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Horizonn Lasertech & Proto Private Limited | |||
| an individual supplier | |||
| Freightlinks International India Private Limited | |||
| an individual supplier | |||
| M Kantilal and Company |
To see the full MSME payment records of Cherise (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Cherise (India) has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Cherise Global Private Limited | U46306PN2023PTC225010 |
To see the full group structure of Cherise (India) Private Limited, buy the company report.
Employees & EPFO
Cherise (India) Private Limited has a workforce of 141 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
141
Active EPFO establishments
1
Employee growth
46.88%
GST
Cherise (India) has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCC8654L1Z2 | Maharashtra | Active | 11 Dec 2018 |
| 07AAHCC8654L1Z4 | Delhi | Active | 16 Mar 2021 |
| 29AAHCC8654L1ZY | Karnataka | Active | 21 May 2021 |
| 19AAHCC8654L1ZZ | West Bengal | Active | 13 Jun 2022 |
To see the full GST registrations and return filing status of Cherise (India) Private Limited, buy the company report.
Recent activity
Cherise (India) Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Kalpesh Shah Mukundray ceased to be Director on 01 Feb 2024.
Charges
A charge registered on 20 Nov 2023 via Charge ID 100826263 with State Bank Of India was fully satisfied on 11 Dec 2025.
Charges
A charge with Others amounted to Rs. 8.00 Cr with Charge ID 101204138 was registered on 27 Nov 2025.
Charges
A charge registered on 23 Aug 2023 via Charge ID 100815805 with Others was fully satisfied on 04 Nov 2025.
AGM
Cherise (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.53 Cr with Charge ID 101171267 was registered on 28 Aug 2025.
Charges
A charge with Others of Rs. 25.00 Cr registered on 28 Dec 2024 with Charge ID 101034788 was modified on 19 Aug 2025.
Charges
A charge with Canara Bank amounted to Rs. 20.00 Cr with Charge ID 101161707 was registered on 08 Aug 2025.
Charges
A charge with Others amounted to Rs. 1.53 Cr with Charge ID 101135245 was registered on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101128211 was registered on 25 Jul 2025.
Charges
A charge with Others amounted to Rs. 1.39 Cr with Charge ID 101121734 was registered on 21 Jun 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 3.05 Cr with Charge ID 101133252 was registered on 10 Jun 2025.
Charges
A charge with Others amounted to Rs. 3.90 Cr with Charge ID 101123566 was registered on 06 Jun 2025.
44 earlier events are in the company report.
Frequently asked questions
Cherise (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 16 November 2018 (8+ years old) and is registered under CIN U74999MH2018PTC317161.
Cherise (India) has 2 current directors:
- Pawan Mundhra - Director
- Parimal Kalpesh Shah - Director
The latest financial statements of Cherise (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Cherise (India) is 27AAHCC8654L1Z2, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 07AAHCC8654L1Z4 (Delhi), 29AAHCC8654L1ZY (Karnataka), 19AAHCC8654L1ZZ (West Bengal).
The CIN (Corporate Identification Number) of Cherise (India) is U74999MH2018PTC317161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cherise (India) was incorporated on 16 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Cherise (India) has 18 deals on record (11 funding rounds, 3 rights issues, 3 debt financings), with disclosed funding of ₹217 Cr; the latest was in May 2026.
Kalpesh Shah Mukundray ceased to be Director on 01 Feb 2024. Pawan Mundhra ceased to be Additional Director on 05 Jun 2021. Pawan Mundhra was appointed as Director on 23 Apr 2021. Cherise (India) has 4 board changes on record in total.
Yes, Cherise (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0019814).
Cherise (India) has 7 MSME Form 1 returns on record between 2022 and 2024, listing 82 overdue payments to 31 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Cherise (India) can be reached through the website cherisetapri.com. Its registered office is in Mumbai, Maharashtra, India.
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