About Harshadray Private Limited
Data last updated:
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 37 cases involving the company, including 27 filed by the company and 6 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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressJiji House D. Sukhadwala Marg Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- 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
Financials of Harshadray Private Limited FY 2025 filings available
Harshadray Private Limited reported revenue of ₹8.58 Cr (up 37% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Harshadray Private Limited
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 of Harshadray Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Harshadray Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Harshadray 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.
Auditor Details of Harshadray Private Limited
Harshadray Private Limited is audited by GDA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GDA & 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 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 9 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 |
Ownership and Shareholding of Harshadray 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 Harshadray Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2020 | Others | ₹5.5 Cr | Open |
| 26 Jun 2015 | Corporation Bank | ₹4.71 Cr | Open |
| 18 Mar 2013 | Corporation Bank | ₹7 Cr | Open |
| 24 Feb 2006 | Corporation Bank | ₹3.5 Cr | Open |
| 23 Aug 2000 | Corpotion Bank | ₹2 Cr | Open |
Total charge records: 12 View all charges
Legal Cases of Harshadray Private Limited
Harshadray Private Limited has 37 court cases on record: 27 filed by Harshadray, 6 filed against it, 4 where it is another party. 7 cases are pending and 30 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 2 | 4 |
| High courts | 9 | 4 | 3 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Volkart Fleming Shipping and Services Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against Plasti Pac Flexibles Limited | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed against the company by Volkart Fleming Shipping and Services Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Company is another party | Pending |
Full case history
All 37 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 Harshadray Private Limited
Harshadray Private Limited has a workforce of 22 employees as of Apr 04, 2024.
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.
Group Structure of Harshadray Private Limited
Harshadray has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Harshadray Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Harshadray 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 Harshadray 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 Harshadray 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 Harshadray Private Limited
Harshadray has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH2770B1Z0 | Maharashtra | 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 Harshadray 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 Harshadray Private Limited
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 reported revenue of ₹8.58 Cr for FY 2023 (up 37% YoY).
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
Harshadray reported a net profit of ₹1.11 Cr (net margin 12.9%) and EBITDA of ₹2.08 Cr (EBITDA margin 24.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harshadray is -1% over three years and 18% over five years. In the latest year (FY 2023) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
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 37 court cases on record: 27 filed by the company and 6 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.