About Hartmann India Limited
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Hartmann India Limited is a public limited company based in Mubarakpur, Punjab, India, a subsidiary of Mohan Paper Mouldings Pvt Ltd. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 16 October 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U25206PB1987PLC047398. Its GSTIN is 03AACCM7732N1ZA (Punjab). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.77 Cr. It was formerly known as Mohan Fibre Products Ltd. It is led by directors including Himanshu Mahaur (Managing Director) and Torben Rosenkrantz Theil.
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 Vpo: Mubarakpur Derabassi – Ramgarh – Road, Punjab, India – 140201.
As per the financials filed for FY 2025, the company reported a revenue of ₹67.44 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹12.05 Cr (net margin -17.9%) and EBITDA of -₹5.41 Cr (EBITDA margin -8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company has about 109 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mohan Fibre. As per MCA filings, the company has satisfied charges of ₹26 Cr on record. Court records list 17 cases involving the company, including 15 filed by the company and 2 filed against it; 4 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in January 2020. Its 8 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 4 smaller; the largest is Dhanlaxmi Board and Papers Private Limited with revenue of ₹70.02 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hartmann-india.com.
Company details
Name history
Hartmann India has undergone 3 name changes throughout its history. The company was previously known as Hartmann India Limited, Mohan Fibre Products Ltd, and Hartmann Packaging India Limited. The current legal name is Hartmann India Limited.
| Company Name | Status |
|---|---|
| Hartmann India Limited | Current |
| Mohan Fibre Products Ltd | Previous |
| Hartmann Packaging India Limited | Previous |
CIN history
Hartmann India has one previous CIN (Corporate Identification Number): U25206CH1987PLC007744. The current CIN is U25206PB1987PLC047398, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25206PB1987PLC047398 | Current |
| U25206CH1987PLC007744 | Previous |
Contact details
Hartmann India Limited's registered office is in Mubarakpur, Punjab. Its website is hartmann-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVpo: Mubarakpur Derabassi – Ramgarh – Road, Punjab, India – 140201
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Hartmann India 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
Brands
Hartmann India operates one associated brand: Mohan Fibre. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Grain processing is performed through fiber-based methods. | mohanfibre.com |
Business activity
The main business activity of Hartmann India 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 Hartmann India Limited, buy the company report.
Financials of Hartmann India Limited
FY 2025 filings availableHartmann India Limited reported revenue of ₹67.44 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 45% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 112% 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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| EBITDA | -₹5.41 Cr | ||||
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| Net Profit (PAT) | -₹12.05 Cr | ||||
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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 | -8% | ||||
| Net Profit Margin | -17.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hartmann India Limited, buy the company report.
Board of directors of Hartmann India Limited
Hartmann India has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Mahaur Also directs: Hartmann India Private Limited | Managing Director | 13 Oct 2021 | 5 Years 0 Months | Current |
| Torben Rosenkrantz Theil Also directs: Hartmann India Private Limited | Director | 03 Nov 2020 | 5 Years 11 Months | Current |
| Ernesto Walter Schonbrod Brauhardt Also directs: Hartmann India Private Limited | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Hartmann India Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Dhanlaxmi Board and Papers Private Limited | ₹70.02 Cr (FY 2025) | 18.0% | Ahmedabad, Gujarat, India | |||
| Global Ecopack Private Limited | ₹69.94 Cr (FY 2025) | 87.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Nahar Paper and Board Mills Pvt Ltd | ₹69.78 Cr (FY 2025) | -2.0% | Punjab, India | |||
| Mantone Printpack Private Limited | ₹68.29 Cr (FY 2025) | 34.0% | Surat, Gujarat, India | |||
| Hartmann India Limitedthis company | ₹67.44 Cr (FY 2025) | -₹12.05 Cr | -17.9% | 45.0% | 109 | Mubarakpur, Punjab, India |
| Rich Offset (India) Private Limited | ₹67.4 Cr (FY 2023) | 13.0% | Baddi, Himachal Pradesh, India | |||
| B.P.Packagings Private Limited | ₹66.91 Cr (FY 2025) | 30.0% | Uttar Pradesh, India | |||
| Zubair Duplex Private Limited | ₹66.91 Cr (FY 2025) | -3.0% | Aligarh, Uttar Pradesh, India | |||
| Saspack Ventures Private Limited | ₹66.57 Cr (FY 2025) | -19.0% | Pune, Maharashtra, India |
To see the full peer comparison of Hartmann India Limited, buy the company report.
Auditor
Hartmann India Limited is audited by P.K. Vasudeva & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.K. Vasudeva & Co. | FY 2023 | 000724N |
Shareholding
The shareholding of Hartmann India 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 Hartmann India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2012 | 10369400 | State Bank of India | ₹2 Cr | Satisfied | |
| 21 Jun 2006 | 80057530 | State Bank of India | ₹1.8 Cr | Satisfied | |
| 21 Jun 2006 | 80057531 | State Bank of India | ₹10.5 Cr | Satisfied | |
| 21 Jun 2006 | 80057532 | State Bank of India | ₹10.5 Cr | Satisfied | |
| 08 Feb 1990 | 90177171 | Industrial Credit & Investment Corporation of India | ₹8 Lakh | Satisfied |
To see the full charge records of Hartmann India Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Hartmann India Limited has 1 deal on record (1 acquisition); the latest was in January 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Acquisition | ₹128.06 Cr | Buyer: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hartmann India Limited has 17 court cases on record: 15 filed by Hartmann India, 2 filed against it. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 4 |
| NCLT | 3 | 0 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against M/S Sangha Logistics and 1 other | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against M/S Jindal Trade Links and 1 other | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against individuals | Pending |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company | Disposed |
To see the full case history of Hartmann India 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.
Credit ratings & regulatory alerts
Hartmann India Limited was last rated by Crisil on 31 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 May 2021 |
To see the full credit ratings and regulatory alerts of Hartmann India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hartmann India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hartmann India Limited has a workforce of 109 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Hartmann India has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCM7732N1ZA | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hartmann India Limited, buy the company report.
Recent activity
Hartmann India Limited has 25 board changes on record since 1987: 14 appointments and 11 cessations. The latest: Flemming Lorents Steen ceased to be Director on 21 Jul 2023.
32 earlier events are in the company report.
Frequently asked questions
Hartmann India is an active public limited company based in Mubarakpur, Punjab, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 16 October 1987 (39+ years old) and is registered under CIN U25206PB1987PLC047398.
Hartmann India has 3 current directors:
- Himanshu Mahaur - Managing Director
- Torben Rosenkrantz Theil - Director
- Ernesto Walter Schonbrod Brauhardt - Director
The latest financial statements of Hartmann India 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 Hartmann India is 03AACCM7732N1ZA, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Hartmann India is U25206PB1987PLC047398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hartmann India has 17 court cases on record: 15 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Hartmann India was incorporated on 16 October 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chandigarh.
Hartmann India has 1 deal on record (1 acquisition); the latest was in January 2020.
The peers of Hartmann India by revenue are Dhanlaxmi Board and Papers Private Limited, Global Ecopack Private Limited, Nahar Paper and Board Mills Pvt Ltd, Mantone Printpack Private Limited, Rich Offset (India) Private Limited and 3 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).
Flemming Lorents Steen ceased to be Director on 21 Jul 2023. Shipra Garg ceased to be Company Secretary on 14 Mar 2022. Ernesto Walter Schonbrod Brauhardt was appointed as Director on 15 Dec 2021. Hartmann India has 25 board changes on record in total.
Hartmann India can be reached through the website hartmann-india.com. Its registered office is in Mubarakpur, Punjab, India.