Startup India Government of India
Grapnel Seals Private Limited
Grapnel Seals Private Limited - manufacturing in Vasai East, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹49.43 Lakh
▼ 39% YoY
Net loss · FY 2024
₹14.5 Lakh
Net margin -29.3%
EBITDA · FY 2024
-₹6.82 Lakh
EBITDA margin -13.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Grapnel Seals Private Limited
Data last updated:
Grapnel Seals Private Limited is a private limited company based in Vasai East, Maharashtra, India, recognised as a startup by DPIIT. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 23 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC320037. Its GSTIN is 27AAHCG6532F1ZM (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ganesh Jaganarayan Upadhyay and Saroja Kumar Baral Anadi Charan.
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 A/201 Gagan Galaxy C.H.S.Ltd Evershine City, Vasai East, Maharashtra, India – 401208.
As per the financials filed for FY 2024, the company reported a revenue of ₹49.43 Lakh, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹14.5 Lakh (net margin -29.3%) and EBITDA of -₹6.82 Lakh (EBITDA margin -13.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
Grapnel Seals Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0003923). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999MH2019PTC320037
Registration Number 320037
Incorporation Date 23 January 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-17-0003923
Recognitions & Rankings of Grapnel Seals
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-17-0003923
Contact details
Grapnel Seals Private Limited's registered office is in Vasai East, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA/201 Gagan Galaxy C.H.S.Ltd Evershine City, Vasai East, Maharashtra, India – 401208
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Grapnel Seals Private Limited, buy the company report.
Comprehensive company report
Grapnel Seals 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 Grapnel Seals is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Grapnel Seals Private Limited, buy the company report.
Financials of Grapnel Seals Private Limited
FY 2024 filings availableGrapnel Seals Private Limited reported revenue of ₹49.43 Lakh (down 39% YoY) for FY 2024.
Revenue · FY 2024
₹49.43 Lakh ▼ 39%
Net loss · FY 2024
₹14.5 Lakh margin -29.3%
EBITDA · FY 2024
-₹6.82 Lakh margin -13.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▼ 459%
3 years · compounded
▼ 182%
5 years · compounded
▼ 67%
Revenue fell 39% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 459% 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 | -₹6.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.5 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 | -13.8% | ||||
| Net Profit Margin | -29.3% | ||||
| 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 Grapnel Seals Private Limited, buy the company report.
Board of directors of Grapnel Seals Private Limited
Grapnel Seals 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 |
|---|---|---|---|---|
| Ganesh Jaganarayan Upadhyay | Director | 23 Jan 2019 | 7 Years 9 Months | Current |
| Saroja Kumar Baral Anadi Charan | Director | 23 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Grapnel Seals Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Unique Plasto Rubber Pvt. Ltd. | ₹50.05 Lakh (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Esenco Fabrications Private Limited | ₹50.02 Lakh (FY 2021) | -22.0% | Darjeeling, West Bengal, India | |||
| Sansar Sales Corporation Private Limited | ₹49.99 Lakh (FY 2017) | 94.0% | Pune, Maharashtra, India | |||
| S.Kumar Plastech Private Limited | ₹49.88 Lakh (FY 2019) | 45249.0% | Butibori, Maharashtra, India | |||
| Teflotapping India Private Limited | ₹49.48 Lakh (FY 2022) | 2.0% | Kanpur, Uttar Pradesh, India | |||
| Grapnel Seals Private Limitedthis company | ₹49.43 Lakh (FY 2024) | -₹14.5 Lakh | -29.3% | -39.0% | Vasai East, Maharashtra, India | |
| Sri Balmukund Polyplast Private Limited | ₹49.35 Lakh (FY 2019) | -78.0% | Kolkata, West Bengal, India | |||
| Deepmala Enterprises Private Limited | ₹48.8 Lakh (FY 2025) | -47.0% | Rajpura, Punjab, India | |||
| Totaltech Engineering (OPC) Private Limited | ₹48.79 Lakh (FY 2024) | 28.0% | New Delhi, Delhi, India |
To see the full peer comparison of Grapnel Seals Private Limited, buy the company report.
Auditor
Grapnel Seals Private Limited is audited by HIREN PANDYA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIREN PANDYA & ASSOCIATES | FY 2021 | 126880W |
Shareholding
The shareholding of Grapnel Seals Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Grapnel Seals Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Grapnel Seals 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 Grapnel Seals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grapnel Seals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCG6532F1ZM | Maharashtra | Active | 11 Feb 2019 |
To see the full GST registrations and return filing status of Grapnel Seals Private Limited, buy the company report.
Recent activity
Grapnel Seals Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Harapriya Sahoo ceased to be Director on 30 Sep 2020.
AGM
Grapnel Seals Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Grapnel Seals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai Ii.
Ceased
Harapriya Sahoo ceased to be Director.
Ceased
Vishal Gupta ceased to be Additional Director.
Appointed
Ganesh Jaganarayan Upadhyay was appointed as Director.
Appointed
Saroja Kumar Baral Anadi Charan was appointed as Director.
Incorporation
23 Jan 2019
Grapnel Seals Private Limited was registered on 23 Jan 2019 with Roc Mumbai Ii & aged 7 years 9 months as per MCA records.
Frequently asked questions
Grapnel Seals is an active private limited company based in Vasai East, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 23 January 2019 (7+ years old) and is registered under CIN U74999MH2019PTC320037.
Grapnel Seals has 2 current directors:
- Ganesh Jaganarayan Upadhyay - Director
- Saroja Kumar Baral Anadi Charan - Director
The latest financial statements of Grapnel Seals 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 FY 2019 are in the company report.
The GSTIN of Grapnel Seals is 27AAHCG6532F1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Grapnel Seals is U74999MH2019PTC320037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grapnel Seals was incorporated on 23 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Grapnel Seals by revenue are Unique Plasto Rubber Pvt. Ltd, Esenco Fabrications Private Limited, Sansar Sales Corporation Private Limited, S.Kumar Plastech Private Limited, Teflotapping India Private Limited and 3 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Harapriya Sahoo ceased to be Director on 30 Sep 2020. Vishal Gupta ceased to be Additional Director on 31 Dec 2019. Ganesh Jaganarayan Upadhyay was appointed as Director on 23 Jan 2019. Grapnel Seals has 4 board changes on record in total.
Yes, Grapnel Seals is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Grapnel Seals is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-17-0003923).
The registered office of Grapnel Seals is at A201 Gagan Galaxy C.H.S.Ltd Evershine City, Vasai East, Maharashtra, India – 401208.