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
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
Harisar Board Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressV P O Dhanansu Tajpur Road, Ludhiana, Punjab, India – 141008
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Harisar Board Private Limited, buy the company report.
Comprehensive company report
Harisar Board 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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Secure checkout · GST invoice included
Business activity
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 | 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 Harisar Board Private Limited, buy the company report.
Financials of Harisar Board Private Limited
FY 2025 filings availableHarisar 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.3 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Harisar Board Private Limited, buy the company report.
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
Harisar Board Private Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), 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 |
|---|---|---|---|---|---|---|
| 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 Limitedthis company | ₹83.26 Cr (FY 2025) | ₹1.3 Cr | 1.6% | 52.0% | 12 | 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 | |||
| Securipax Packaging Private Limited | ₹79.85 Cr (FY 2024) | -28.0% | Songadh, Gujarat, India |
To see the full peer comparison of Harisar Board Private Limited, buy the company report.
Auditor
Harisar Board Private Limited is audited by ASHWANI BHARAT & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHWANI BHARAT & CO | FY 2021 | 017952N |
Shareholding
The shareholding of Harisar Board Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harisar Board Private Limited, buy the company report.
Charges & borrowings
Open charges
₹26.52 Cr
Satisfied charges
₹7.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2025 | 101209672 | Hdfc Bank Limited | ₹21.53 Lakh | Open | |
| 26 Dec 2024 | 101025166 | Others | ₹35 Lakh | Open | |
| 10 Dec 2024 | 101040596 | Hdfc Bank Limited | ₹17.75 Lakh | Open | |
| 22 Oct 2024 | 100997361 | Sidbi | ₹5.12 Cr | Open | |
| 29 Mar 2024 | 100918893 | Hdfc Bank Limited | ₹92.91 Lakh | Open |
To see the full charge records of Harisar Board Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
No court or tribunal cases involving Harisar Board 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 Harisar Board Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Harisar Board Private Limited has a workforce of 12 employees on its EPFO records as of Mar 25, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
GST
Harisar Board has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCH3285N1ZG | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harisar Board Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Sukhvir Singh - Whole-Time Director
- Rajwinder Singh - Whole-Time Director
- Fatehvir Singh Jassar - Director
The latest financial statements of Harisar Board 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 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 Twinkle Papers Limited, Vital Industries India Private Limited, Bollant Industries Private Limited, Asian Pre-Lam Industries Private Limited, Okay Packaging Private Limited and 1 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
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).
The registered office of Harisar Board is at V P O Dhanansu Tajpur Road, Ludhiana, Punjab, India – 141008.
Harisar Board operates in the packaging industry, in the paper segment.