India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Vimal Chand Jugraj Rathod & family ₹1,000 Cr
Revenue · FY 2023
₹1.86 Cr
▼ 0.12% YoY
Net profit · FY 2023
₹1.45 Cr
Net margin 78.1%
EBITDA · FY 2023
-₹4.32 Lakh
EBITDA margin -2.3%
Authorised capital
₹4.75 Cr
Registered with MCA
Paid-up capital
₹1.18 Cr
Issued & subscribed
Open charges
₹3.96 Cr
Satisfied ₹56.5 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
103
Provident fund records
About Flair Pens Limited
Data last updated:
Flair Pens Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 24 November 1994 and has been in existence for over 32 years.
Its director Vimal Chand Jugraj Rathod and family are #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1994PLC083255. Its GSTIN is 27AAACF7677B1ZM (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹1.18 Cr. It is led by directors including Vimalchand Jugraj Rathod and Mohit Khubilal Rathod.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.86 Cr. For the same year it recorded a net profit of ₹1.45 Cr (net margin 78.1%) and EBITDA of -₹4.32 Lakh (EBITDA margin -2.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 12% over five years.
The company has about 103 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.96 Cr and satisfied charges of ₹56.5 Cr on record. Court records list 32 cases involving the company, including 25 filed by the company and 7 filed against it; 1 case is 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 flairpens.com.
Company details
CIN U70100MH1994PLC083255
Registration Number 083255
Incorporation Date 24 November 1994
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
CIN history
Flair Pens has one previous CIN (Corporate Identification Number): U36991MH1994PLC083255. The current CIN is U70100MH1994PLC083255, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1994PLC083255 | Current |
| U36991MH1994PLC083255 | Previous |
Key People
Vimalchand Jugraj Rathod Director Rajesh Khubilal Rathod Additional Director Mohit Khubilal Rathod Director Recognitions & Rankings of Flair Pens
Contact details
Flair Pens Limited's registered office is in Mumbai, Maharashtra. Its website is flairpens.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlair House Plot No. A/64 Cross Road, Marol Ind. Area MIDC Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Flair Pens Limited, buy the company report.
Comprehensive company report
Flair Pens 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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Financials of Flair Pens Limited
FY 2025 filings availableFlair Pens Limited reported revenue of ₹1.86 Cr for FY 2023.
Revenue · FY 2023
₹1.86 Cr
Net profit · FY 2023
₹1.45 Cr margin 78.1%
EBITDA · FY 2023
-₹4.32 Lakh margin -2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 1%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years. 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.86 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.32 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.45 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.3% | ||||
| Net Profit Margin | 78.1% | ||||
| 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 Flair Pens Limited, buy the company report.
Board of directors of Flair Pens Limited
Flair Pens has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vimalchand Jugraj Rathod Also directs: Raymak Pens LLP, Flair Writing Industries Limited, Flair Cyrosil Industries Private Limited and 4 more | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Rajesh Khubilal Rathod Also directs: Raymak Pens LLP, Flair Writing Industries Limited, Flair Cyrosil Industries Private Limited and 4 more | Additional Director | 10 Jun 2025 | 1 Years 4 Months | Current |
| Mohit Khubilal Rathod Also directs: Flair Writing Industries Limited, Flair Cyrosil Industries Private Limited, Monterosa Stationery Private Limited and 2 more | Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Sumitkumar Vimalchand Rathod Also directs: Flair Writing Industries Limited, Flair Cyrosil Industries Private Limited, Monterosa Stationery Private Limited and 2 more | Director | 17 Mar 2010 | 16 Years 7 Months | Current |
Auditor
Flair Pens Limited is audited by JESWANI & RATHORE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JESWANI & RATHORE | FY 2023 | 104202W |
Shareholding
The shareholding of Flair Pens 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 Flair Pens Limited, buy the company report.
Charges & borrowings
Open charges
₹3.96 Cr
Satisfied charges
₹56.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 1995 | 90240092 | Industrial Development Bank of India | ₹2 Cr | Open | |
| 21 Jun 1995 | 90240080 | Indusind Bank Ltd | ₹1.96 Cr | Open | |
| 20 Aug 2014 | 10573700 | Citi Bank N.A. | ₹1.5 Cr | Satisfied | |
| 05 Nov 2009 | 10192329 | Citi Bank N.A. | ₹7 Cr | Satisfied | |
| 02 Jun 2005 | 80005606 | Citi Bank N.A. | ₹48 Cr | Satisfied |
To see the full charge records of Flair Pens Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Flair Pens Limited has 32 court cases on record: 25 filed by Flair Pens, 7 filed against it. 1 case is pending and 31 are disposed.
Total cases
32
Filed by the company
25
Filed against the company
7
Pending
1
Disposed
31
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 7 | 0 |
| High courts | 3 | 0 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S.Movielabs Films Pvt.Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Reliance Industries Ltd. | Disposed |
| High Court of Delhi | Appeal | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Flair Pens 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 Flair Pens Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flair Pens has 6 GST registrations: 3 active and 3 cancelled or inactive.
Total GSTINs
6
Active
3
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF7677B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 05AAACF7677B1ZS | Uttarakhand | Active | 01 Jul 2017 |
| 26AAACF7677B1ZO | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Flair Pens Limited, buy the company report.
Recent activity
Flair Pens Limited has 7 board changes on record since 2010: 5 appointments and 2 cessations. The latest: Khubilal Jugraj Rathod was appointed as Additional Director on 06 Sep 2025.
AGM
Flair Pens Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Khubilal Jugraj Rathod was appointed as Additional Director.
Ceased
Khubilal Jugraj Rathod ceased to be Director.
Appointed
Rajesh Khubilal Rathod was appointed as Additional Director.
Filing
Flair Pens Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Mohit Khubilal Rathod ceased to be Whole-Time Director.
Charges
A charge registered on 20 Aug 2014 via Charge ID 10573700 with Citi Bank N.A. was fully satisfied on 12 Mar 2019.
Charges
A charge registered on 05 Nov 2009 via Charge ID 10192329 with Citi Bank N.A. was fully satisfied on 12 Mar 2019.
Charges
A charge registered on 02 Jun 2005 via Charge ID 80005606 with Citi Bank N.A. was fully satisfied on 12 Mar 2019.
Appointed
Vimalchand Jugraj Rathod was appointed as Director.
Charges
A charge with Citi Bank N.A. of Rs. 48.00 Cr registered on 02 Jun 2005 with Charge ID 80005606 was modified on 29 Aug 2016.
Charges
A charge with Citi Bank N.A. of Rs. 7.00 Cr registered on 05 Nov 2009 with Charge ID 10192329 was modified on 25 Oct 2014.
9 earlier events are in the company report.
News
Frequently asked questions
Flair Pens is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 24 November 1994 (32+ years old) and is registered under CIN U70100MH1994PLC083255.
Flair Pens has 4 current directors:
- Vimalchand Jugraj Rathod - Director
- Rajesh Khubilal Rathod - Additional Director
- Mohit Khubilal Rathod - Director
- Sumitkumar Vimalchand Rathod - Director
The latest financial statements of Flair Pens 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 2015 are in the company report.
The GSTIN of Flair Pens is 27AAACF7677B1ZM, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 05AAACF7677B1ZS (Uttarakhand), 26AAACF7677B1ZO (Daman & Diu).
The CIN (Corporate Identification Number) of Flair Pens is U70100MH1994PLC083255. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flair Pens has 32 court cases on record: 25 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Flair Pens was incorporated on 24 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Khubilal Jugraj Rathod was appointed as Additional Director on 06 Sep 2025. Khubilal Jugraj Rathod ceased to be Director on 10 Jun 2025. Rajesh Khubilal Rathod was appointed as Additional Director on 10 Jun 2025. Flair Pens has 7 board changes on record in total.
Flair Pens can be reached through the website flairpens.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Flair Pens is at Flair House Plot No. A64 Cross Road, Marol Ind. Area MIDC Andheri East, Mumbai, Maharashtra, India – 400093.