MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-PB-12-0004441
Harisar Board Private Limited
Harisar Board Private Limited - packaging in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹83.26 Cr
▲ 52% YoY
Net profit · FY 2025
₹1.3 Cr
Net margin 1.6%
EBITDA · FY 2025
₹3.82 Cr
EBITDA margin 4.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹42.26 Lakh
Issued & subscribed
Open charges
₹26.52 Cr
Satisfied ₹7.35 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
12
Provident fund records
About Harisar Board Private Limited
Data last updated:
Harisar Board Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the paper segment of the packaging sector. It was incorporated on 29 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U21012PB2002PTC025310. Its GSTIN is 03AABCH3285N1ZG (Punjab).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42.26 Lakh. It was formerly known as H B Paper Private Limited. It is led by directors including Sukhvir Singh (Whole-Time Director) and Rajwinder Singh (Whole-Time Director).
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 V P O Dhanansu Tajpur Road, Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.26 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Cr (net margin 1.6%) and EBITDA of ₹3.82 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 26% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.52 Cr and satisfied charges of ₹7.35 Cr on record.
Harisar Board Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0004441). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Harisar Board Private Limited
CIN U21012PB2002PTC025310
Registration Number 025310
Incorporation Date 29 July 2002
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-12-0004441
Key People
Sukhvir Singh Whole-Time Director Rajwinder Singh Whole-Time Director Fatehvir Singh Jassar Director Recognitions & Rankings of Harisar Board
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressV P O Dhanansu Tajpur Road, Ludhiana, Punjab, India – 141008
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
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Business Activity of Harisar Board Private Limited
The main business activity of Harisar Board 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Harisar Board Private Limited FY 2025 filings available
Harisar Board Private Limited reported revenue of ₹83.26 Cr (up 52% YoY) for FY 2025.
Revenue · FY 2025
₹83.26 Cr ▲ 52%
Net profit · FY 2025
₹1.3 Cr margin 1.6%
EBITDA · FY 2025
₹3.82 Cr margin 4.6%
Compounded Annual Growth Rate (CAGR) of Harisar Board Private Limited
Revenue CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 29%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▲ 111%
3 years · compounded
▲ 60%
5 years · compounded
▲ 37%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 52% growth in the latest year. EBITDA rose 111% 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 Harisar Board 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 | ₹3.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.3 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 of Harisar Board Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Harisar Board are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Harisar Board Private Limited
Harisar Board has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fatehvir Singh Jassar Also directs: Harisar Papers Private Limited | Director | 28 Jul 2021 | 5 Years 2 Months | Current |
| Sukhvir Singh Also directs: Harisar Papers Private Limited | Whole-Time Director | 29 Jul 2002 | 24 Years 2 Months | Current |
| Rajwinder Singh Also directs: Harisar Papers Private Limited | Whole-Time Director | 21 Apr 2007 | 19 Years 6 Months | Current |
Peer Comparison of Harisar Board Private Limited
Harisar Board 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 |
|---|---|---|---|---|---|---|
| Omega Printopack Private Limited | ₹84.53 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Hardwar, Uttarakhand, India |
| Ashoka Poly Laminators Limited | ₹84.48 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bareilly, Uttar Pradesh, India |
| Twinkle Papers Limited | ₹83.94 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Malerkotla, Punjab, India |
| Vital Industries India Private Limited | ₹83.79 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Chennai, Tamil Nadu, India |
| Bollant Industries Private Limited | ₹83.69 Cr (FY 2022) | •••• | •••• | -16.0% | •••• | Hyderabad, Telangana, India |
| Harisar Board Private Limited this company | ₹83.26 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Ludhiana, Punjab, India |
| Asian Pre-Lam Industries Private Limited | ₹83.16 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Mumbai, Maharashtra, India |
| Okay Packaging Private Limited | ₹83.11 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Ramya Reprographic Private Limited | ₹82.11 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| Shansco Multipack Private Limited | ₹80.98 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chenglput, Tamil Nadu, India |
| Securipax Packaging Private Limited | ₹79.85 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Songadh, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Harisar Board 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 Harisar Board Private Limited
Harisar Board Private Limited is audited by ASHWANI BHARAT & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASHWANI BHARAT & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Harisar Board Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Harisar Board Private Limited
Open charges
₹26.52 Cr
Satisfied charges
₹7.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Dec 2025 | Hdfc Bank Limited | ₹21.53 Lakh | Open |
| 26 Dec 2024 | Others | ₹35 Lakh | Open |
| 10 Dec 2024 | Hdfc Bank Limited | ₹17.75 Lakh | Open |
| 22 Oct 2024 | Sidbi | ₹5.12 Cr | Open |
| 29 Mar 2024 | Hdfc Bank Limited | ₹92.91 Lakh | Open |
Total charge records: 18 View all charges
Employees and EPFO Compliance at Harisar Board Private Limited
Harisar Board Private Limited has a workforce of 12 employees as of Mar 25, 2024.
Employee count
12
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Harisar Board Private Limited
Harisar Board Private Limited has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Fatehvir Singh Jassar ceased to be Additional Director on 30 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.53 Lakh with Charge ID 101209672 was registered on 16 Dec 2025.
AGM
Harisar Board Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Harisar Board Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 1,740.00 Lakh registered on 19 Nov 2019 with Charge ID 100318101 was modified on 30 Mar 2025.
Charges
A charge with Others amounted to Rs. 35.00 Lakh with Charge ID 101025166 was registered on 26 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.75 Lakh with Charge ID 101040596 was registered on 10 Dec 2024.
Charges
A charge with Sidbi amounted to Rs. 512.10 Lakh with Charge ID 100997361 was registered on 22 Oct 2024.
Charges
A charge registered on 24 Jun 2019 via Charge ID 100302778 with Axis Bank Limited was fully satisfied on 03 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 92.91 Lakh with Charge ID 100918893 was registered on 29 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 19.50 Lakh with Charge ID 100886629 was registered on 02 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.63 Lakh with Charge ID 100781656 was registered on 27 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 97.95 Lakh with Charge ID 100761907 was registered on 27 Jun 2023.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Harisar Board Private Limited
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MSME Payment Delays by Harisar Board Private Limited
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Subsidiaries & Group Companies of Harisar Board Private Limited
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Corporate group structure
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GST Compliance of Harisar Board Private Limited
Harisar Board has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCH3285N1ZG | Punjab | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Harisar Board Private Limited
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Frequently Asked Questions about Harisar Board Private Limited
Harisar Board is an active private limited company based in Ludhiana, Punjab, India. The company works in paper, within the packaging industry. It was incorporated on 29 July 2002 (24+ years old) and is registered under CIN U21012PB2002PTC025310.
Harisar Board reported revenue of ₹83.26 Cr for FY 2025 (up 52% YoY).
Harisar Board has 3 current directors:
- Sukhvir Singh - Whole-Time Director
- Rajwinder Singh - Whole-Time Director
- Fatehvir Singh Jassar - Director
Harisar Board reported a net profit of ₹1.3 Cr (net margin 1.6%) and EBITDA of ₹3.82 Cr (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harisar Board is 29% over three years and 26% over five years. In the latest year (FY 2025) revenue rose 52%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Harisar Board is 03AABCH3285N1ZG, registered in Punjab.
The CIN (Corporate Identification Number) of Harisar Board is U21012PB2002PTC025310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harisar Board was incorporated on 29 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Harisar Board by revenue are Omega Printopack Private Limited, Ashoka Poly Laminators Limited, Twinkle Papers Limited, Vital Industries India Private Limited, Bollant Industries Private Limited and 5 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging).
Fatehvir Singh Jassar ceased to be Additional Director on 30 Nov 2021. Fatehvir Singh Jassar was appointed as Director on 28 Jul 2021. Rajwinder Singh ceased to be Director on 01 Nov 2012. Harisar Board has 8 board changes on record in total.
Yes, Harisar Board is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0004441).