MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0076095
_PRIVATE_LIMITED.webp)
Furnitech Seating Systems (India) Private Limited - consumer electronics & durables in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.11 Cr
▼ 35% YoY
Net loss · FY 2024
₹67.11 Lakh
Net margin -3.2%
EBITDA · FY 2024
₹9.37 Lakh
EBITDA margin 0.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹45 Lakh
Issued & subscribed
Open charges
₹7.29 Cr
Satisfied ₹2.5 Cr
Company age
29 yrs
Est. 1997
Directors on board
2
As per MCA filings
About Furnitech Seating Systems (India) Private Limited
Data last updated:
Furnitech Seating Systems (India) Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 03 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U36101PN1997PTC106268. Its GSTIN is 27AAACF2826N1ZG (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors Dhawal Shah (Managing Director) and Jinal Dhawalkumar Shah (Whole-Time Director).
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 63/2 Shivrainagar Near Mahesh Sanskrutik Bhavan Opp Vit Hostel Kondhwa Budruk, Pune, Maharashtra, India – 411048.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.11 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹67.11 Lakh (net margin -3.2%) and EBITDA of ₹9.37 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹7.29 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
Furnitech Seating Systems (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0076095). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website furnitechseating.com.
Company details
CIN U36101PN1997PTC106268
Registration Number 106268
Incorporation Date 03 March 1997
ROC Pune
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 Small
Udyam Registration UDYAM-MH-26-0076095
CIN history
Furnitech Seating Systems (India) has one previous CIN (Corporate Identification Number): U36101MH1997PTC106268. The current CIN is U36101PN1997PTC106268, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36101PN1997PTC106268 | Current |
| U36101MH1997PTC106268 | Previous |
Recognitions & Rankings of Furnitech Seating Systems (India)
Contact details
Furnitech Seating Systems (India) Private Limited's registered office is in Pune, Maharashtra. Its website is furnitechseating.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address63/2 Shivrainagar Near Mahesh Sanskrutik Bhavan Opp Vit Hostel Kondhwa Budruk, Pune, Maharashtra, India – 411048
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Furnitech Seating Systems (India) Private Limited, buy the company report.
Comprehensive company report
Furnitech Seating Systems (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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Business activity
The main business activity of Furnitech Seating Systems (India) 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 Furnitech Seating Systems (India) Private Limited, buy the company report.
Financials of Furnitech Seating Systems (India) Private Limited
FY 2024 filings availableFurnitech Seating Systems (India) Private Limited reported revenue of ₹21.11 Cr (down 35% YoY) for FY 2024.
Revenue · FY 2024
₹21.11 Cr ▼ 35%
Net loss · FY 2024
₹67.11 Lakh margin -3.2%
EBITDA · FY 2024
₹9.37 Lakh margin 0.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 7%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▼ 51%
5 years · compounded
▼ 30%
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 23% 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 2023-24 | 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 | ₹9.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹67.11 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | -3.2% | ||||
| 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 Furnitech Seating Systems (India) Private Limited, buy the company report.
Board of directors of Furnitech Seating Systems (India) Private Limited
Furnitech Seating Systems (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 |
|---|---|---|---|---|
| Dhawal Shah Also directs: Furnitech Luxe LLP, Minthomez Retail India Private Limited | Managing Director | 30 Sep 1997 | 29 Years 1 Months | Current |
| Jinal Dhawalkumar Shah Also directs: Minthomez Retail India Private Limited | Whole-Time Director | 26 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Furnitech Seating Systems (India) Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Furniture), 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 |
|---|---|---|---|---|---|---|
| Viswa Interiors Private Limited | ₹21.35 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Delite Kom Limited | ₹21.22 Cr (FY 2024) | 9.0% | Delhi, India | |||
| Nirvana Furnitures Private Limited | ₹21.15 Cr (FY 2025) | 60.0% | Vasai, Maharashtra, India | |||
| Furnitech Seating Systems (India) Private Limitedthis company | ₹21.11 Cr (FY 2024) | -₹67.11 Lakh | -3.2% | -35.0% | Pune, Maharashtra, India | |
| Express Kitchen Private Limited | ₹20.98 Cr (FY 2024) | 63.0% | Ahmedabad, Gujarat, India | |||
| Stylework Engineering Private Limited | ₹20.92 Cr (FY 2024) | 30.0% | Fateh Pur, Uttar Pradesh, India |
To see the full peer comparison of Furnitech Seating Systems (India) Private Limited, buy the company report.
Auditor
Furnitech Seating Systems (India) Private Limited is audited by S. N. BALAI & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. N. BALAI & Co. | FY 2023 | 141221 |
Shareholding
The shareholding of Furnitech Seating Systems (India) 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 Furnitech Seating Systems (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.29 Cr
Satisfied charges
₹2.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2018 | 100207283 | Others | ₹7.29 Cr | Open | |
| 21 Apr 2015 | 10587759 | Idbi Bank Limited | ₹2.5 Cr | Satisfied |
To see the full charge records of Furnitech Seating Systems (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Furnitech Seating Systems (India) Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Government of Maharashtra Through Alka Tanaji Gawari, Facilitator and Shop Inspector | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Furnitech Seating Systems (India) 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
Furnitech Seating Systems (India) Private Limited has 6 MSME Form 1 returns on record between 2018 and 2021, listing 99 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Radhan Plastics Private Limited | |||
| Jainy Glass & Veneers-Pune | |||
| Swadeshi Thread Mfg. Co.-Bhiwandi |
To see the full MSME payment records of Furnitech Seating Systems (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Furnitech Seating Systems (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Minthomez Retail India Private Limited | U36994PN2019PTC186143 |
To see the full group structure of Furnitech Seating Systems (India) Private Limited, buy the company report.
GST
Furnitech Seating Systems (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF2826N1ZG | Maharashtra | Active | 01 Jul 2017 |
| 33AAACF2826N1ZN | Tamil Nadu | Active | 10 Oct 2022 |
To see the full GST registrations and return filing status of Furnitech Seating Systems (India) Private Limited, buy the company report.
Recent activity
Furnitech Seating Systems (India) Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: Sangeeta Nainesh Nandu ceased to be Director on 27 Mar 2012.
AGM
Furnitech Seating Systems (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Furnitech Seating Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others of Rs. 729.34 Lakh registered on 28 Sep 2018 with Charge ID 100207283 was modified on 26 Oct 2023.
Charges
A charge registered on 21 Apr 2015 via Charge ID 10587759 with Idbi Bank Limited was fully satisfied on 15 May 2019.
Charges
A charge with Others amounted to Rs. 729.34 Lakh with Charge ID 100207283 was registered on 28 Sep 2018.
Charges
A charge with Idbi Bank Limited of Rs. 250.00 Lakh registered on 21 Apr 2015 with Charge ID 10587759 was modified on 14 Dec 2017.
Charges
A charge with Idbi Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 10587759 was registered on 21 Apr 2015.
Ceased
Sangeeta Nainesh Nandu ceased to be Director.
Appointed
Jinal Dhawalkumar Shah was appointed as Whole-Time Director.
Ceased
Muljibhai Pancharia Shah ceased to be Director.
Appointed
Sangeeta Nainesh Nandu was appointed as Director.
Appointed
Dhawal Shah was appointed as Managing Director.
2 earlier events are in the company report.
Frequently asked questions
Furnitech Seating Systems (India) is an active private limited company based in Pune, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 03 March 1997 (29+ years old) and is registered under CIN U36101PN1997PTC106268.
Furnitech Seating Systems (India) has 2 current directors:
- Dhawal Shah - Managing Director
- Jinal Dhawalkumar Shah - Whole-Time Director
The latest financial statements of Furnitech Seating Systems (India) 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 Furnitech Seating Systems (India) is 27AAACF2826N1ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAACF2826N1ZN (Tamil Nadu).
The CIN (Corporate Identification Number) of Furnitech Seating Systems (India) is U36101PN1997PTC106268. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Furnitech Seating Systems (India) has 2 court cases on record: 2 filed against it. 2 are pending.
Furnitech Seating Systems (India) was incorporated on 03 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Furnitech Seating Systems (India) by revenue are Viswa Interiors Private Limited, Delite Kom Limited, Nirvana Furnitures Private Limited, Express Kitchen Private Limited, Stylework Engineering Private Limited, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Sangeeta Nainesh Nandu ceased to be Director on 27 Mar 2012. Jinal Dhawalkumar Shah was appointed as Whole-Time Director on 26 Mar 2012. Muljibhai Pancharia Shah ceased to be Director on 03 Dec 2010. Furnitech Seating Systems (India) has 6 board changes on record in total.
Yes, Furnitech Seating Systems (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0076095).
Furnitech Seating Systems (India) has 6 MSME Form 1 returns on record between 2018 and 2021, listing 99 overdue payments to 54 micro and small suppliers. The latest return was filed on 24 Jun 2021.
Furnitech Seating Systems (India) can be reached through the website furnitechseating.com. Its registered office is in Pune, Maharashtra, India.
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