About Harshadray Private Limited
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Harshadray Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 23 January 1953 and has been in existence for over 73 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1953PTC008985. Its GSTIN is 27AAACH2770B1Z0 (Maharashtra).
The company has an authorised share capital of ₹57.5 Lakh and a paid-up capital of ₹19.71 Lakh. It was formerly known as Harshadray Limited. It is led by directors including Utsav Rasiklal Kapadia and Premal Narendra Kapadia.
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 Jiji House D. Sukhadwala Marg Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.58 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 12.9%) and EBITDA of ₹2.08 Cr (EBITDA margin 24.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 18% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.81 Cr and satisfied charges of ₹1.2 Cr on record. Court records list 38 cases involving the company, including 27 filed by the company and 11 filed against it; 7 cases are 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 harshadray.com.
Company details
Contact details
Harshadray Private Limited's registered office is in Mumbai, Maharashtra. Its website is harshadray.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJiji House D. Sukhadwala Marg Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Harshadray Private Limited, buy the company report.
- 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
Financials of Harshadray Private Limited
FY 2025 filings availableHarshadray Private Limited reported revenue of ₹8.58 Cr (up 37% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 37% growth in the latest year. EBITDA rose 15% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.11 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.3% | ||||
| Net Profit Margin | 12.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Harshadray Private Limited, buy the company report.
Board of directors of Harshadray Private Limited
Harshadray has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Utsav Rasiklal Kapadia Also directs: Kaira Can Company Limited, Dryden Private Limited, Protos Engineering Company Private Limited and 2 more | Director | 31 Jul 1984 | 42 Years 2 Months | Current |
| Premal Narendra Kapadia Also directs: Kaira Can Company Limited, Protos Engineering Company Private Limited, Tuv India P Ltd and 5 more | Director | 30 Sep 1974 | 52 Years 0 Months | Current |
| Bharat Kapadia Ajay Also directs: Protos Engineering Company Private Limited | Director | 09 Jun 2015 | 11 Years 4 Months | Current |
| Aditya Premal Kapadia Also directs: Dryden Private Limited, Protos Engineering Company Private Limited, Tuv India P Ltd and 4 more | Director | 24 Dec 1998 | 27 Years 10 Months | Current |
| Madhav Premal Kapadia Also directs: Protos Engineering Company Private Limited, Clarisity Solutions Private Limited, Lucror Analytics India Private Limited and 1 more | Director | 30 Dec 2013 | 12 Years 9 Months | Current |
Auditor
Harshadray Private Limited is audited by GDA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GDA & Associates | FY 2023 | 135780W |
Shareholding
The shareholding of Harshadray Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Harshadray Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2020 | 100379860 | Others | ₹5.5 Cr | Open | |
| 26 Jun 2015 | 10587673 | Corporation Bank | ₹4.71 Cr | Open | |
| 18 Mar 2013 | 10474899 | Corporation Bank | ₹7 Cr | Open | |
| 24 Feb 2006 | 80007980 | Corporation Bank | ₹3.5 Cr | Open | |
| 23 Aug 2000 | 90243989 | Corpotion Bank | ₹2 Cr | Open |
To see the full charge records of Harshadray Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Harshadray Private Limited has 38 court cases on record: 27 filed by Harshadray, 11 filed against it. 7 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 5 | 4 |
| High courts | 9 | 5 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by M/S. Volkart Fleming Shipping and Services Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against M/S Plasti Pac Flexibles Ltd | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAE) | Filed by the company against Malcolm Hotel -Resorts Pvt.Ltd. and 1 other | Disposed |
| High Court, MAHARASHTRA | Appeal | Filed by the company against individuals | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed against the company by individuals | Pending |
To see the full case history of Harshadray Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Harshadray Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Harshadray has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Harshadray Private Limited has a workforce of 22 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Harshadray has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2770B1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harshadray Private Limited, buy the company report.
Recent activity
Harshadray Private Limited has 8 board changes on record since 1974: 5 appointments and 3 cessations. The latest: Bharat Kapadia Ajay ceased to be Additional Director on 29 Sep 2015.
17 earlier events are in the company report.
Frequently asked questions
Harshadray is an active private limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 23 January 1953 (73+ years old) and is registered under CIN U74999MH1953PTC008985.
Harshadray has 5 current directors:
- Utsav Rasiklal Kapadia - Director
- Premal Narendra Kapadia - Director
- Bharat Kapadia Ajay - Director
- Aditya Premal Kapadia - Director
- Madhav Premal Kapadia - Director
The latest financial statements of Harshadray 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 Harshadray is 27AAACH2770B1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Harshadray is U74999MH1953PTC008985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harshadray has 38 court cases on record: 27 filed by the company and 11 filed against it. 7 are pending. Most are in the district courts.
Harshadray was incorporated on 23 January 1953, making it 73+ years old. It is registered with the Registrar of Companies, Mumbai.
Bharat Kapadia Ajay ceased to be Additional Director on 29 Sep 2015. Bharat Kapadia Ajay was appointed as Director on 09 Jun 2015. Madhav Premal Kapadia ceased to be Additional Director on 29 Sep 2014. Harshadray has 8 board changes on record in total.
Harshadray can be reached through the website harshadray.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Harshadray is at Jiji House D. Sukhadwala Marg Fort, Mumbai, Maharashtra, India – 400001.