About Harmony Laminates Private Limited
Data last updated:
Harmony Laminates Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 30 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25202GJ2007PTC051631. Its GSTIN is 24AABCH9526L1ZC (Gujarat).
The company has an authorised share capital of ₹2.4 Cr and a paid-up capital of ₹2.4 Cr. It is led by directors including Dhaval Vallabhabhai Savalia and Nayankumar Savjibhai Savalia.
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 Plot. No. 2 S. No. 602 Near Hadamtala Ind. Asso. N. H. 27 Hadamtala Toll Gate At: Ardoi, Rajkot, Gujarat, India – 360030.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.3 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹4.31 Lakh (net margin 0.6%) and EBITDA of ₹1.23 Cr (EBITDA margin 16.8%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 13% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Harmony Laminates and Harmony Group. As per MCA filings, the company has open charges of ₹10.96 Cr and satisfied charges of ₹30.16 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harmonygroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot. No. 2 S. No. 602 Near Hadamtala Ind. Asso. N. H. 27 Hadamtala Toll Gate At: Ardoi, Rajkot, Gujarat, India – 360030
- IndustryManufacturing, Wood Products & MDF
- 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 Harmony Laminates Private Limited
The main business activity of Harmony Laminates 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 Harmony Laminates Private Limited FY 2025 filings available
Harmony Laminates Private Limited reported revenue of ₹7.3 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Harmony Laminates Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 13% fall in the latest year. EBITDA rose 2% 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 Harmony Laminates 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 | ₹1.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.31 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 Harmony Laminates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Harmony Laminates 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 Harmony Laminates Private Limited
Harmony Laminates Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S R Timber Products Private Limited | ₹7.34 Cr (FY 2024) | •••• | •••• | •••• | Howrah, West Bengal, India | |
| Jai Dada Panel Decorative Private Limited | ₹7.33 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Dhraghandhra, Gujarat, India |
| Betul Flush Doors Pvt Ltd | ₹7.33 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Betul, Madhya Pradesh, India |
| Nathoo Ram Nityanand Timbers Private Limited | ₹7.33 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Lucknow, Uttar Pradesh, India |
| Baidyanath Impex Private Limited | ₹7.32 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Harmony Laminates Private Limited this company | ₹7.3 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Rajkot, Gujarat, India |
| Bhaagya Decor India Private Limited | ₹7.23 Cr (FY 2023) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Saan Boards Private Limited | ₹7.19 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Jaipur, Rajasthan, India |
| Analco (India) Private Ltd | ₹7.19 Cr (FY 2021) | •••• | •••• | -38.0% | •••• | Delhi, India |
| Pasand Plywood Private Limited | ₹7.19 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | New Delhi, Delhi, India |
| N R Plywood Private Limited | ₹7.15 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Hoshiarpur, Punjab, India |
Peers are the five companies nearest above and the five nearest below Harmony Laminates by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), 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 Harmony Laminates Private Limited
Harmony Laminates Private Limited is audited by H. B. KALARIA & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H. B. KALARIA & 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 Harmony Laminates Private Limited
Harmony Laminates has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Vallabhabhai Savalia Also directs: Harmony Ply-Lam Limited, Harmony Led Lights LLP | Director | 12 May 2009 | 17 Years 4 Months | Current |
| Nayankumar Savjibhai Savalia | Director | 12 May 2009 | 17 Years 4 Months | Current |
| Maheshkumar Bhikhabhai Savaliya Also directs: Green Global Phytoscience Private Limited, Harmony Surfaces Limited, Arya Rasayan Lifescience Private Limited and 5 more | Director | 30 Aug 2007 | 19 Years 1 Months | Current |
| Nileshbhai Karshanbhai Savaliya Also directs: Harmony Fiber Private Limited, Decora Laminart Private Limited. | Director | 30 Aug 2007 | 19 Years 1 Months | Current |
Ownership and Shareholding of Harmony Laminates 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 Harmony Laminates Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2025 | Axis Bank Limited | ₹6 Cr | Open |
| 21 Dec 2021 | Hdfc Bank Limited | ₹4.96 Cr | Open |
| 28 Mar 2024 | Axis Bank Limited | ₹5.99 Cr | Satisfied |
| 18 Aug 2018 | Others | ₹5.16 Cr | Satisfied |
| 30 Jul 2018 | Others | ₹7.63 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Harmony Laminates Private Limited
Harmony Laminates Private Limited has 3 court cases on record: 3 filed by Harmony Laminates. 1 case is pending and 2 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Industrieal Development Corporation | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Industrial Development Corporation | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against 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.
Associated Brands with Harmony Laminates Private Limited
Harmony Laminates operates two associated brands: Harmony Laminates and Harmony Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality laminates with customization options for clients worldwide. | harmonylaminates.in | |
| Agricultural activities, grain marketing, and equipment services by Harmony Group. | harmonygroup.in |
Employees and EPFO Compliance at Harmony Laminates Private Limited
Harmony Laminates Private Limited has a workforce of 10 employees as of Jan 10, 2026.
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 Harmony Laminates Private Limited
Harmony Laminates Private Limited has 4 board changes on record since 2007: 4 appointments. The latest: Dhaval Vallabhabhai Savalia was appointed as Director on 12 May 2009.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Harmony Laminates 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 Harmony Laminates 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 Harmony Laminates 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 Harmony Laminates Private Limited
Harmony Laminates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH9526L1ZC | Gujarat | 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 Harmony Laminates 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 Harmony Laminates Private Limited
Harmony Laminates is an active private limited company based in Rajkot, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 30 August 2007 (19+ years old) and is registered under CIN U25202GJ2007PTC051631.
Harmony Laminates reported revenue of ₹7.3 Cr for FY 2025 (down 13% YoY).
Harmony Laminates has 4 current directors:
- Dhaval Vallabhabhai Savalia - Director
- Nayankumar Savjibhai Savalia - Director
- Maheshkumar Bhikhabhai Savaliya - Director
- Nileshbhai Karshanbhai Savaliya - Director
Harmony Laminates reported a net profit of ₹4.31 Lakh (net margin 0.6%) and EBITDA of ₹1.23 Cr (EBITDA margin 16.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harmony Laminates is -11% over three years and -13% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Harmony Laminates is 24AABCH9526L1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Harmony Laminates is U25202GJ2007PTC051631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harmony Laminates has 3 court cases on record: 3 filed by the company. 1 is pending.
Harmony Laminates was incorporated on 30 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Harmony Laminates by revenue are S R Timber Products Private Limited, Jai Dada Panel Decorative Private Limited, Betul Flush Doors Pvt Ltd, Nathoo Ram Nityanand Timbers Private Limited, Baidyanath Impex Private Limited and 5 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood).
Dhaval Vallabhabhai Savalia was appointed as Director on 12 May 2009. Nayankumar Savjibhai Savalia was appointed as Director on 12 May 2009. Maheshkumar Bhikhabhai Savaliya was appointed as Director on 30 Aug 2007. Harmony Laminates has 4 board changes on record in total.