Hasu Synthetics Pvt Ltd
About Hasu Synthetics Pvt Ltd
Data last updated:
Hasu Synthetics Pvt Ltd is a private limited company based in Surat, Gujarat, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 25 August 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1989PTC012677. Its GSTIN is 24AAACH5910K2ZQ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13.56 Lakh. It is led by directors including Bharat Jayantilal Magajwala and Hasumatiben Jayantilal Magajwala.
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 Block 104 Plot No. 3A Mota Borasara Kim Tal: Magrol, Surat, Gujarat, India – 394110.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.87 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹2.37 Lakh (net margin -1.3%) and EBITDA of ₹1.17 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹12 Lakh and satisfied charges of ₹59.42 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hasu Synthetics Pvt Ltd's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock 104 Plot No. 3A Mota Borasara Kim Tal: Magrol, Surat, Gujarat, India – 394110
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Hasu Synthetics Pvt Ltd, 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
Business activity
The main business activity of Hasu Synthetics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Hasu Synthetics Pvt Ltd, buy the company report.
Financials of Hasu Synthetics Pvt Ltd
FY 2025 filings availableHasu Synthetics Pvt Ltd reported revenue of ₹1.87 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 4% growth in the latest year. EBITDA fell 38% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.17 Lakh | ||||
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| Net Profit (PAT) | -₹2.37 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 0.6% | ||||
| Net Profit Margin | -1.3% | ||||
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To see the full financial statements and ratios of Hasu Synthetics Pvt Ltd, buy the company report.
Board of directors of Hasu Synthetics Pvt Ltd
Hasu Synthetics has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Jayantilal Magajwala | Director | 25 Aug 1989 | 37 Years 2 Months | Current |
| Hasumatiben Jayantilal Magajwala | Director | 01 Oct 1989 | 37 Years 1 Months | Current |
| Atulkumar Magajwala Jayantilal | Director | 01 Oct 1989 | 37 Years 1 Months | Current |
Peer comparison
Hasu Synthetics Pvt Ltd is compared with the 10 companies closest to it by revenue in the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gagan Syntex Private Limited | ₹1.88 Cr (FY 2024) | -70.0% | Ahmedabad, Gujarat, India | |||
| R.L. Lamicoats Private Limited | ₹1.88 Cr (FY 2025) | -9.0% | Agra, Uttar Pradesh, India | |||
| Gouripur Fashion Private Limited | ₹1.87 Cr (FY 2019) | 32.0% | Kolkata, West Bengal, India | |||
| S.E. Marketing Private Ltd | ₹1.87 Cr (FY 2025) | -20.0% | Ratan Lal Nagar, Uttar Pradesh, India | |||
| Udaan Creative Solutions Private Limited | ₹1.87 Cr (FY 2018) | 2854.0% | Mumbai, Maharashtra, India | |||
| Hasu Synthetics Pvt Ltdthis company | ₹1.87 Cr (FY 2024) | -₹2.37 Lakh | -1.3% | 4.0% | Surat, Gujarat, India | |
| Paru Impex Private Limited | ₹1.87 Cr (FY 2025) | 51.0% | Kolkata, West Bengal, India | |||
| Kanhaiya Texfab Private Limited | ₹1.87 Cr (FY 2021) | -88.0% | Bhilwara, Rajasthan, India | |||
| Shree Brijeswari Textiles Private Limited | ₹1.87 Cr (FY 2025) | 19.0% | Uttar Pradesh, India | |||
| Hoizer Foot Styles Private Limited | ₹1.87 Cr (FY 2025) | 5.0% | Kozhikode, Kerala, India | |||
| Sowdeswari Amman Spinners Limited | ₹1.87 Cr (FY 2025) | -72.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Hasu Synthetics Pvt Ltd, buy the company report.
Auditor
Hasu Synthetics Pvt Ltd is audited by B. BHUPENDRA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. BHUPENDRA & CO. | FY 2017 | 101445W |
Shareholding
The shareholding of Hasu Synthetics Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hasu Synthetics Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2014 | 10517479 | Others | ₹12 Lakh | Open | |
| 15 Jul 2009 | 10171187 | Bank of Baroda | ₹20.8 Lakh | Satisfied | |
| 04 Mar 1993 | 90111200 | Canara Bank | ₹5 Lakh | Satisfied | |
| 01 Dec 1990 | 90108706 | Gujrat State Financial Corporation | ₹33.62 Lakh | Satisfied |
To see the full charge records of Hasu Synthetics Pvt Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Hasu Synthetics Pvt Ltd has 1 court case on record: 1 filed by Hasu Synthetics. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 3 others | Disposed |
To see the full case history of Hasu Synthetics Pvt Ltd, 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 Hasu Synthetics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hasu Synthetics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH5910K2ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hasu Synthetics Pvt Ltd, buy the company report.
Recent activity
Hasu Synthetics Pvt Ltd has 4 board changes on record since 1989: 3 appointments and 1 cessation. The latest: Jayantilal Ghelabhai Magajwala ceased to be Director on 13 Jan 2014.
5 earlier events are in the company report.
Frequently asked questions
Hasu Synthetics is an active private limited company based in Surat, Gujarat, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 25 August 1989 (37+ years old) and is registered under CIN U17119GJ1989PTC012677.
Hasu Synthetics has 3 current directors:
- Bharat Jayantilal Magajwala - Director
- Hasumatiben Jayantilal Magajwala - Director
- Atulkumar Magajwala Jayantilal - Director
The latest financial statements of Hasu Synthetics 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 Hasu Synthetics is 24AAACH5910K2ZQ, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Hasu Synthetics is U17119GJ1989PTC012677. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hasu Synthetics has 1 court case on record: 1 filed by the company.
Hasu Synthetics was incorporated on 25 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Hasu Synthetics by revenue are Gagan Syntex Private Limited, R.L. Lamicoats Private Limited, Gouripur Fashion Private Limited, S.E. Marketing Private Ltd, Udaan Creative Solutions Private Limited and 5 more, all in the same principal business activity (textile, leather and other apparel products).
Jayantilal Ghelabhai Magajwala ceased to be Director on 13 Jan 2014. Atulkumar Magajwala Jayantilal was appointed as Director on 01 Oct 1989. Hasumatiben Jayantilal Magajwala was appointed as Director on 01 Oct 1989. Hasu Synthetics has 4 board changes on record in total.
The registered office of Hasu Synthetics is at Block 104 Plot No. 3A Mota Borasara Kim Tal: Magrol, Surat, Gujarat, India – 394110.
Hasu Synthetics operates in the apparel and fashion industry, in the leather segment.
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