MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-GJ-04-0003342
Harsiddh Papers Limited
Harsiddh Papers Limited - manufacturing in Palanpur, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹21.07 Cr
▲ 48% YoY
Net profit · FY 2021
₹74.23 Lakh
Net margin 3.5%
EBITDA · FY 2021
₹1.47 Cr
EBITDA margin 7%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.2 Cr
Issued & subscribed
Open charges
₹4.3 Cr
Satisfied ₹5.95 Cr
Company age
16 yrs
Est. 2010
Directors on board
3
As per MCA filings
About Harsiddh Papers Limited
Data last updated:
Harsiddh Papers Limited is a public limited company based in Palanpur, Gujarat, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 13 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21000GJ2010PLC061986. Its GSTIN is 24AACCH4963L1ZC (Gujarat).
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.2 Cr. It was formerly known as Harsiddh Papers Private Limited. It is led by directors including Devendra Mahadevbhai Kela and Jigarkumar Maheshkumar Rathi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mahajan Hospital Shop No. 1 Jaibharat Medical Stores Delhi Gate, Palanpur, Gujarat, India – 385001.
As per the financials filed for FY 2021, the company reported a revenue of ₹21.07 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹74.23 Lakh (net margin 3.5%) and EBITDA of ₹1.47 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹4.3 Cr and satisfied charges of ₹5.95 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Harsiddh Papers Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-04-0003342). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U21000GJ2010PLC061986
Registration Number 061986
Incorporation Date 13 August 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-04-0003342
CIN history
Harsiddh Papers has one previous CIN (Corporate Identification Number): U21000GJ2010PTC061986. The current CIN is U21000GJ2010PLC061986, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21000GJ2010PLC061986 | Current |
| U21000GJ2010PTC061986 | Previous |
Key People
Devendra Mahadevbhai Kela Director Jigarkumar Maheshkumar Rathi Director Pushpaben Jayprakash Kela Director Recognitions & Rankings of Harsiddh Papers
Contact details
Harsiddh Papers Limited's registered office is in Palanpur, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMahajan Hospital Shop No. 1 Jaibharat Medical Stores Delhi Gate, Palanpur, Gujarat, India – 385001
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Harsiddh Papers Limited, buy the company report.
Comprehensive company report
Harsiddh Papers 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 Harsiddh Papers 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 Harsiddh Papers Limited, buy the company report.
Financials of Harsiddh Papers Limited
FY 2021 filings availableHarsiddh Papers Limited reported revenue of ₹21.07 Cr (up 48% YoY) for FY 2021.
Revenue · FY 2021
₹21.07 Cr ▲ 48%
Net profit · FY 2021
₹74.23 Lakh margin 3.5%
EBITDA · FY 2021
₹1.47 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 11%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 113%
3 years · compounded
▲ 25%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 48% growth in the latest year. EBITDA rose 113% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | 3.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Harsiddh Papers Limited, buy the company report.
Board of directors of Harsiddh Papers Limited
Harsiddh Papers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Mahadevbhai Kela | Director | 13 Aug 2010 | 16 Years 2 Months | Current |
| Jigarkumar Maheshkumar Rathi | Director | 15 Dec 2015 | 10 Years 10 Months | Current |
| Pushpaben Jayprakash Kela | Director | 13 Aug 2010 | 16 Years 2 Months | Current |
Peer comparison
Harsiddh Papers Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Paper), 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 |
|---|---|---|---|---|---|---|
| Hyper Pack Private Limited | ₹21.4 Cr (FY 2025) | 4.0% | Patancheru, Telangana, India | |||
| Pratishthan Industries Private Limited | ₹21.11 Cr (FY 2025) | 1688.0% | Aurangabad, Maharashtra, India | |||
| Harsiddh Papers Limitedthis company | ₹21.07 Cr (FY 2021) | ₹74.23 Lakh | 3.5% | 48.0% | Palanpur, Gujarat, India | |
| Virutshaa Papers Private Limited | ₹20.87 Cr (FY 2024) | Coimbatore, Tamil Nadu, India | ||||
| Greeneri Paper Tradelinks Private Limited | ₹20.81 Cr (FY 2025) | 8.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Harsiddh Papers Limited, buy the company report.
Auditor
Harsiddh Papers Limited is audited by KANTILAL M SHAH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANTILAL M SHAH & CO | FY 2020 | 104740W |
Shareholding
The shareholding of Harsiddh Papers Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Harsiddh Papers Limited, buy the company report.
Charges & borrowings
Open charges
₹4.3 Cr
Satisfied charges
₹5.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2017 | 100123218 | Hdfc Bank Limited | ₹4.3 Cr | Open | |
| 18 Oct 2012 | 10390962 | Dena Bank | ₹5.95 Cr | Satisfied |
To see the full charge records of Harsiddh Papers Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Harsiddh Papers Limited has 1 court case on record: 1 filed by Harsiddh Papers. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Banaskanth at Palanpur, Gujarat | Criminal complaint | Filed by the company against Goyal Paper Corporation (Partnership Firm) and 2 others | Pending |
To see the full case history of Harsiddh Papers 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 Harsiddh Papers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Harsiddh Papers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCH4963L1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harsiddh Papers Limited, buy the company report.
Recent activity
Harsiddh Papers Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Jigarkumar Maheshkumar Rathi ceased to be Additional Director on 30 Sep 2016.
AGM
Harsiddh Papers Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Harsiddh Papers Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 4.30 Cr registered on 22 Jun 2017 with Charge ID 100123218 was modified on 06 Nov 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.30 Cr with Charge ID 100123218 was registered on 22 Jun 2017.
Charges
A charge registered on 18 Oct 2012 via Charge ID 10390962 with Dena Bank was fully satisfied on 16 Feb 2017.
Ceased
Jigarkumar Maheshkumar Rathi ceased to be Additional Director.
Ceased
Shyamal Sudhir Das ceased to be Director.
Charges
A charge with Dena Bank of Rs. 5.95 Cr registered on 18 Oct 2012 with Charge ID 10390962 was modified on 18 Jan 2016.
Appointed
Jigarkumar Maheshkumar Rathi was appointed as Director.
Charges
A charge with Dena Bank amounted to Rs. 5.95 Cr with Charge ID 10390962 was registered on 18 Oct 2012.
Appointed
Devendra Mahadevbhai Kela was appointed as Director.
Appointed
Pushpaben Jayprakash Kela was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Harsiddh Papers is an active public limited company based in Palanpur, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 13 August 2010 (16+ years old) and is registered under CIN U21000GJ2010PLC061986.
Harsiddh Papers has 3 current directors:
- Devendra Mahadevbhai Kela - Director
- Jigarkumar Maheshkumar Rathi - Director
- Pushpaben Jayprakash Kela - Director
The latest financial statements of Harsiddh Papers on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Harsiddh Papers is 24AACCH4963L1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Harsiddh Papers is U21000GJ2010PLC061986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harsiddh Papers has 1 court case on record: 1 filed by the company. 1 is pending.
Harsiddh Papers was incorporated on 13 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Harsiddh Papers by revenue are Hyper Pack Private Limited, Pratishthan Industries Private Limited, Virutshaa Papers Private Limited, Greeneri Paper Tradelinks Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Jigarkumar Maheshkumar Rathi ceased to be Additional Director on 30 Sep 2016. Shyamal Sudhir Das ceased to be Director on 15 Feb 2016. Jigarkumar Maheshkumar Rathi was appointed as Director on 15 Dec 2015. Harsiddh Papers has 5 board changes on record in total.
Yes, Harsiddh Papers is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-04-0003342).
The registered office of Harsiddh Papers is at Mahajan Hospital Shop No. 1 Jaibharat Medical Stores Delhi Gate, Palanpur, Gujarat, India – 385001.