GSB Forms Private Limited
About GSB Forms Private Limited
Data last updated:
GSB Forms Private Limited is a private limited company based in Cuttack, Odisha, India. It operates in the paper segment of the packaging sector. It was incorporated on 17 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U21017OR1996PTC004652. Its GSTIN is 21AAACG8196N1Z8 (Odisha).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9.06 Lakh. It is led by directors Gouri Shankar Bharalawala and Manisha Bharalawala.
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 Shed No 174 New Industrialestate Phase – II Jagatpur, Cuttack, Odisha, India – 754021.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.55 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹1.66 Lakh (net margin -6%) and EBITDA of ₹45,945 (EBITDA margin 1.7%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹38.73 Lakh on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShed No 174 New Industrialestate Phase – II Jagatpur, Cuttack, Odisha, India – 754021
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
- 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
- One PDF report, delivered after checkout
Business Activity of GSB Forms Private Limited
The main business activity of GSB Forms is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of GSB Forms Private Limited FY 2025 filings available
GSB Forms Private Limited reported revenue of ₹27.55 Lakh (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of GSB Forms Private Limited
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 32% 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 of GSB Forms Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹45,945 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.66 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 of GSB Forms Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of GSB Forms are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of GSB Forms Private Limited
GSB Forms Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chamunda Packagers Pvt Ltd | ₹29.78 Lakh (FY 2021) | •••• | •••• | -81.0% | •••• | Nashik, Maharashtra, India |
| Fast Packs Pvt Ltd | ₹29.06 Lakh (FY 2024) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Sungrace Cartons Private Limited | ₹28.55 Lakh (FY 2018) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Cremax Convertors Private Limited | ₹27.87 Lakh (FY 2025) | •••• | •••• | 90.0% | •••• | New Delhi, Delhi, India |
| Saikrupa Packaging Private Limited | ₹27.71 Lakh (FY 2019) | •••• | •••• | -74.0% | •••• | Chennai, Tamil Nadu, India |
| GSB Forms Private Limited this company | ₹27.55 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Cuttack, Odisha, India |
| Amrut Pack Print Private Limited | ₹27.48 Lakh (FY 2025) | •••• | •••• | -79.0% | •••• | Rajkot, Gujarat, India |
| Manglam Paper Private Limited | ₹27.4 Lakh (FY 2023) | •••• | •••• | -90.0% | •••• | Ahmedabad, Gujarat, India |
| Ascribe Packaging Private Limited | ₹27.28 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Fine Papyrus Private Limited | ₹27.27 Lakh (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Birch Paper Products Private Limited | ₹27.02 Lakh (FY 2024) | •••• | •••• | •••• | Aurangabad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below GSB Forms by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of GSB Forms Private Limited
GSB Forms Private Limited is audited by N R S M & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N R S M & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of GSB Forms Private Limited
GSB Forms has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manisha Bharalawala | Additional Director | 21 May 2018 | 8 Years 4 Months | Current |
| Gouri Shankar Bharalawala | Director | 27 Jan 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of GSB Forms Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of GSB Forms Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2003 | Dena Bank | ₹5 Lakh | Open |
| 26 Jun 1997 | Orissa Statae Financial Corporation | ₹33.73 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of GSB Forms Private Limited
GSB Forms Private Limited has 3 court cases on record: 1 filed by GSB Forms, 2 filed against it. 1 case is pending and 2 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Brijlaxmi Paper Products Private Limited | Pending |
| Calcutta High Court | Court case (CRR) | Filed by the company against State of West Bengal | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at GSB Forms Private Limited
Employment history and EPFO contributions of people linked to GSB Forms.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on GSB Forms Private Limited
GSB Forms Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Bimal Kumar Bharalawala ceased to be Director on 21 May 2018.
Credit Ratings, Litigation & Regulatory Alerts for GSB Forms Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by GSB Forms Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of GSB Forms Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of GSB Forms Private Limited
GSB Forms has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACG8196N1Z8 | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of GSB Forms Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about GSB Forms Private Limited
GSB Forms is an active private limited company based in Cuttack, Odisha, India. The company works in paper, within the packaging industry. It was incorporated on 17 October 1996 (30+ years old) and is registered under CIN U21017OR1996PTC004652.
GSB Forms reported revenue of ₹27.55 Lakh for FY 2025 (up 10% YoY).
GSB Forms has 2 current directors:
- Manisha Bharalawala - Additional Director
- Gouri Shankar Bharalawala - Director
GSB Forms reported a net loss of ₹1.66 Lakh (net margin -6%) and EBITDA of ₹45,945 (EBITDA margin 1.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of GSB Forms is 28% over three years and -3% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of GSB Forms is 21AAACG8196N1Z8, registered in Odisha.
The CIN (Corporate Identification Number) of GSB Forms is U21017OR1996PTC004652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GSB Forms has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
GSB Forms was incorporated on 17 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of GSB Forms by revenue are Chamunda Packagers Pvt Ltd, Fast Packs Pvt Ltd, Sungrace Cartons Private Limited, Cremax Convertors Private Limited, Saikrupa Packaging Private Limited and 5 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging).
Bimal Kumar Bharalawala ceased to be Director on 21 May 2018. Manisha Bharalawala was appointed as Additional Director on 21 May 2018. Sushil Kumar Bharalawala ceased to be Managing Director on 21 May 2018. GSB Forms has 4 board changes on record in total.