MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-07-0048190
Ethical Paper Private Limited
Ethical Paper Private Limited - manufacturing in Erode, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.23 Cr
▲ 118% YoY
Net profit · FY 2023
₹3.22 Lakh
Net margin 0.4%
EBITDA · FY 2023
₹8.11 Lakh
EBITDA margin 1.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Ethical Paper Private Limited
Data last updated:
Ethical Paper Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 21 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U36991TZ2020PTC033368. Its GSTIN is 33AAFCE7990P1ZW (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Kulandasamy Roopesh and Kasipalayam Shanmugaperumal Vilashini.
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 No. 2/229 Ponmudi Perundurai, Erode, Tamil Nadu, India – 638056.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.23 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net profit of ₹3.22 Lakh (net margin 0.4%) and EBITDA of ₹8.11 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 244% over three years.
As per MCA filings, the company has open charges of ₹2.5 Cr on record.
Ethical Paper Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-07-0048190).
Company details
CIN U36991TZ2020PTC033368
Registration Number 033368
Incorporation Date 21 January 2020
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-TN-07-0048190
Recognitions & Rankings of Ethical Paper
Contact details
Ethical Paper Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 2/229 Ponmudi Perundurai, Erode, Tamil Nadu, India – 638056
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Ethical Paper Private Limited, buy the company report.
Comprehensive company report
Ethical Paper 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Ethical Paper is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| 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 |
To see the full business activity and turnover split of Ethical Paper Private Limited, buy the company report.
Financials of Ethical Paper Private Limited
FY 2025 filings availableEthical Paper Private Limited reported revenue of ₹7.23 Cr (up 118% YoY) for FY 2023.
Revenue · FY 2023
₹7.23 Cr ▲ 118%
Net profit · FY 2023
₹3.22 Lakh margin 0.4%
EBITDA · FY 2023
₹8.11 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 118%
3 years · compounded
▲ 244%
EBITDA CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 218%
Revenue has grown at a compounded annual rate (CAGR) of 244% over three years, including 118% growth in the latest year. EBITDA rose 47% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| 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 | ₹8.11 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.22 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.1% | |||
| Net Profit Margin | 0.4% | |||
| 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 Ethical Paper Private Limited, buy the company report.
Board of directors of Ethical Paper Private Limited
Ethical Paper has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kulandasamy Roopesh | Director | 21 Jan 2020 | 6 Years 9 Months | Current |
| Kasipalayam Shanmugaperumal Vilashini Also directs: Vela Spinners Private Limited, Fourth Pillar Media Private Limited | Director | 21 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Ethical Paper Private Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Paper), 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 |
|---|---|---|---|---|---|---|
| Ganga Cartons Private Limited | ₹7.31 Cr (FY 2024) | 14.0% | Hyderabad, Telangana, India | |||
| Skyblue Papers Private Limited | ₹7.3 Cr (FY 2017) | -53.0% | Chandigarh, India | |||
| Papcel Pulp and Paper Technology Private Limited | ₹7.29 Cr (FY 2023) | -56.0% | Hyderabad, Telangana, India | |||
| Jackson Paper Products Private Limited | ₹7.26 Cr (FY 2025) | -11.0% | Mumbai, Maharashtra, India | |||
| Kedia Paper Industries Private Limited | ₹7.25 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Ethical Paper Private Limitedthis company | ₹7.23 Cr (FY 2023) | ₹3.22 Lakh | 0.4% | 118.0% | Erode, Tamil Nadu, India | |
| Hemkunt Paper Mills Limited | ₹7.22 Cr (FY 2021) | -26.0% | Punjab, India | |||
| Surani Paper Private Limited | ₹7.22 Cr (FY 2025) | 1056429.0% | Ahmedabad, Gujarat, India | |||
| Sai Paper Products Manufacturing Private Limited | ₹7.2 Cr (FY 2025) | 22.0% | Cuttack, Odisha, India | |||
| Dwarkadhish Papers Private Limited | ₹7.13 Cr (FY 2025) | 150.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Ethical Paper Private Limited, buy the company report.
Shareholding
The shareholding of Ethical Paper Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ethical Paper Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2024 | 101037792 | The South Indian Bank Limited | ₹2.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Ethical Paper 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
No delayed payments to MSME suppliers are on our record for Ethical Paper Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ethical Paper has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCE7990P1ZW | Tamil Nadu | Active | 17 Feb 2020 |
To see the full GST registrations and return filing status of Ethical Paper Private Limited, buy the company report.
Recent activity
Ethical Paper Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Kasipalayam Shanmugaperumal Vilashini was appointed as Director on 21 Jan 2020.
AGM
Ethical Paper Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ethical Paper Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 101037792 was registered on 30 Dec 2024.
Appointed
Kasipalayam Shanmugaperumal Vilashini was appointed as Director.
Appointed
Kulandasamy Roopesh was appointed as Director.
Incorporation
21 Jan 2020
Ethical Paper Private Limited was registered on 21 Jan 2020 with Roc Coimbatore & aged 6 years 9 months as per MCA records.
Frequently asked questions
Ethical Paper is an active private limited company based in Erode, Tamil Nadu, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 21 January 2020 (6+ years old) and is registered under CIN U36991TZ2020PTC033368.
Ethical Paper has 2 current directors:
- Kulandasamy Roopesh - Director
- Kasipalayam Shanmugaperumal Vilashini - Director
The latest financial statements of Ethical Paper 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 2020 are in the company report.
The GSTIN of Ethical Paper is 33AAFCE7990P1ZW, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ethical Paper is U36991TZ2020PTC033368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethical Paper was incorporated on 21 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Ethical Paper by revenue are Ganga Cartons Private Limited, Skyblue Papers Private Limited, Papcel Pulp and Paper Technology Private Limited, Jackson Paper Products Private Limited, Kedia Paper Industries Private Limited and 4 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Kasipalayam Shanmugaperumal Vilashini was appointed as Director on 21 Jan 2020. Kulandasamy Roopesh was appointed as Director on 21 Jan 2020.
Yes, Ethical Paper is registered as a small enterprise under Udyam registration (number: UDYAM-TN-07-0048190).
The registered office of Ethical Paper is at No. 2229 Ponmudi Perundurai, Erode, Tamil Nadu, India – 638056.
Ethical Paper operates in the manufacturing industry, in the paper and packaging products segment.