About CLS Industries Private Limited
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CLS Industries Private Limited is a private limited company based in Meghpar Borichi, Gujarat, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 11 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20200GJ2008PTC052872. Its GSTIN is 24AAGCA9111K2ZQ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹25 Lakh. It was formerly known as Ave Hotels and Resorts Private Limited. It is led by directors including Krisha Sanjeev Bhimani and Jaydevsinh Anopsinh Jadeja.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No. 45 S. No. 89 Meghpar Borichi Anjar Kutch, Gujarat, India – 370110.
As per the financials filed for FY 2019, the company reported a revenue of ₹26.39 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹5.04 Cr (net margin -19.1%) and EBITDA of -₹4.52 Cr (EBITDA margin -17.1%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
As per MCA filings, the company has satisfied charges of ₹53.02 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clsply.com.
Company details
CIN history
CLS Industries has one previous CIN (Corporate Identification Number): U55101GJ2008PTC052872. The current CIN is U20200GJ2008PTC052872, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20200GJ2008PTC052872 | Current |
| U55101GJ2008PTC052872 | Previous |
Contact details
CLS Industries Private Limited's registered office is in Meghpar Borichi, Gujarat. Its website is clsply.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 45 S. No. 89 Meghpar Borichi Anjar Kutch, Gujarat, India – 370110
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of CLS Industries 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 CLS Industries are manufacturing and trade. In detail, this covers wood and wood products, furniture, paper and paper products and wholesale trading. 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 | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of CLS Industries Private Limited, buy the company report.
Financials of CLS Industries Private Limited
FY 2019 filings availableCLS Industries Private Limited reported revenue of ₹26.39 Cr (up 47% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 69% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26.39 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.04 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.1% | ||||
| Net Profit Margin | -19.1% | ||||
| 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 CLS Industries Private Limited, buy the company report.
Board of directors of CLS Industries Private Limited
CLS Industries has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krisha Sanjeev Bhimani | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Jaydevsinh Anopsinh Jadeja Also directs: Kiaayo Enterprises Private Limited | Director | 13 Oct 2022 | 4 Years 0 Months | Current |
| Chhabhaiya Hem Niteshbhai | Director | 09 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
CLS Industries Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), 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 |
|---|---|---|---|---|---|---|
| Surfica India Limited | ₹26.77 Cr (FY 2025) | 5.0% | Himatnagar, Gujarat, India | |||
| Sumanglam Wood Products India Private Limited | ₹26.55 Cr (FY 2024) | 3.0% | Delhi, India | |||
| Narayani Ply and Boards Private Limited | ₹26.39 Cr (FY 2025) | 19.0% | Faridpur, Uttar Pradesh, India | |||
| CLS Industries Private Limitedthis company | ₹26.39 Cr (FY 2019) | -₹5.04 Cr | -19.1% | 47.0% | Meghpar Borichi, Gujarat, India | |
| Galax Industries Private Limited | ₹26.14 Cr (FY 2025) | 31924.0% | Bhubaneswar, Odisha, India | |||
| Shree Ambika Wood Creation Private Limited | ₹25.86 Cr (FY 2024) | 38.0% | Rishra, West Bengal, India |
To see the full peer comparison of CLS Industries Private Limited, buy the company report.
Auditor
CLS Industries Private Limited is audited by PUNEELKUMAR A DAND & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PUNEELKUMAR A DAND & ASSOCIATES | FY 2019 | 136103W |
Shareholding
The shareholding of CLS Industries Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of CLS Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2011 | 10270412 | State Bank of India | ₹19.22 Cr | Satisfied | |
| 02 Feb 2011 | 10269743 | State Bank of India | ₹19.07 Cr | Satisfied | |
| 01 Sep 2008 | 10121751 | Hdfc Bank Limited | ₹4 Cr | Satisfied | |
| 26 Jul 2008 | 10120059 | Hdfc Bank Limited | ₹10.73 Cr | Satisfied |
To see the full charge records of CLS Industries Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
CLS Industries Private Limited has 8 court cases on record: 7 filed by CLS Industries, 1 filed against it. 4 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 3 |
| NCLT | 3 | 0 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Icici Bank Ltd and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 2 others | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Income Tax Departement and 2 others | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
To see the full case history of CLS Industries 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
CLS Industries Private Limited was last rated by Care on 22 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 May 2020 |
To see the full credit ratings and regulatory alerts of CLS Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for CLS Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
CLS Industries Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
CLS Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCA9111K2ZQ | Gujarat | Active | 19 Oct 2020 |
To see the full GST registrations and return filing status of CLS Industries Private Limited, buy the company report.
Recent activity
CLS Industries Private Limited has 14 board changes on record since 2010: 3 appointments and 11 cessations. The latest: Chhabhaiya Hem Niteshbhai was appointed as Director on 09 Dec 2024.
16 earlier events are in the company report.
Frequently asked questions
CLS Industries is an active private limited company based in Meghpar Borichi, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 11 February 2008 (18+ years old) and is registered under CIN U20200GJ2008PTC052872.
CLS Industries has 3 current directors:
- Krisha Sanjeev Bhimani - Director
- Jaydevsinh Anopsinh Jadeja - Director
- Chhabhaiya Hem Niteshbhai - Director
The latest financial statements of CLS Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of CLS Industries is 24AAGCA9111K2ZQ, 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 CLS Industries is U20200GJ2008PTC052872. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
CLS Industries has 8 court cases on record: 7 filed by the company and 1 filed against it. 4 are pending. Most are in the high courts.
CLS Industries was incorporated on 11 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of CLS Industries by revenue are Surfica India Limited, Sumanglam Wood Products India Private Limited, Narayani Ply and Boards Private Limited, Galax Industries Private Limited, Shree Ambika Wood Creation Private Limited, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Chhabhaiya Hem Niteshbhai was appointed as Director on 09 Dec 2024. Momayabhai Boricha ceased to be Director on 16 Aug 2024. Krisha Sanjeev Bhimani was appointed as Director on 14 Aug 2024. CLS Industries has 14 board changes on record in total.
CLS Industries can be reached through the website clsply.com. Its registered office is in Meghpar Borichi, Gujarat, India.
The registered office of CLS Industries is at Plot No. 45 S. No. 89 Meghpar Borichi Anjar Kutch, Gujarat, India – 370110.
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