MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0014899
Heritage Board Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹137.74 Cr
▲ 24% YoY
Net profit · FY 2024
₹1.91 Cr
Net margin 1.4%
EBITDA · FY 2024
₹4.03 Cr
EBITDA margin 2.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.54 Cr
Issued & subscribed
Open charges
₹33.59 Cr
Satisfied ₹6.33 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
37
Provident fund records
About Heritage Board Limited
Data last updated:
Heritage Board Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 17 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20290GJ2004PLC045171. Its GSTIN is 24AABCH5235Q1ZC (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.54 Cr. It was formerly known as Heritage Board Private Limited. It is led by directors including Ankur Kumar (Whole-Time Director) and Vikas Vijay Bhai Agarwal.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹137.74 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 1.4%) and EBITDA of ₹4.03 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.
The company has about 37 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹33.59 Cr and satisfied charges of ₹6.33 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 1 case is pending.
Heritage Board Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0014899). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hblboards.com.
Company Details of Heritage Board Limited
CIN U20290GJ2004PLC045171
Registration Number 045171
Incorporation Date 17 December 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0014899
CIN History of Heritage Board Limited
Heritage Board has one previous CIN (Corporate Identification Number): U20290GJ2004PTC045171. The current CIN is U20290GJ2004PLC045171, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20290GJ2004PLC045171 | Current |
| U20290GJ2004PTC045171 | Previous |
Key People
Ankur Kumar Whole-Time Director Vikas Vijay Bhai Agarwal Director Vishal Agarwal Vijay Bhai Director Recognitions & Rankings of Heritage Board
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address306 Iscon Mall Star Bazar Building Nr. Jodhpur Cross Ro, Ad, Ahmedabad, Gujarat, India – 380015
- IndustryManufacturing, Wood Products & MDF
Comprehensive company report
Heritage Board Limited - one report that includes everything
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Financials of Heritage Board Limited FY 2025 filings available
Heritage Board Limited reported revenue of ₹137.74 Cr (up 24% YoY) for FY 2024.
Revenue · FY 2024
₹137.74 Cr ▲ 24%
Net profit · FY 2024
₹1.91 Cr margin 1.4%
EBITDA · FY 2024
₹4.03 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR) of Heritage Board Limited
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 14%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▼ 4%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 24% growth in the latest year. EBITDA rose 11% 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 Heritage Board Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹137.74 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.91 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 Heritage Board Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 Heritage Board are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Heritage Board Limited
Heritage Board has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Vijay Bhai Agarwal | Director | 17 Dec 2004 | 21 Years 10 Months | Current |
| Vishal Agarwal Vijay Bhai Also directs: Heritage Decorative Surfaces LLP, Deco Mica Limited, Kavery Laminart Private Limited and 5 more | Director | 17 Dec 2004 | 21 Years 10 Months | Current |
| Vijay Kumar Dindayal Agarwal | Director | 18 Nov 2008 | 17 Years 11 Months | Current |
| Ankur Kumar Also directs: Shreesalasar Agroboard Private Limited | Whole-Time Director | 27 Apr 2015 | 11 Years 5 Months | Current |
| Devraj Agarwal | Director | 04 Mar 2023 | 3 Years 7 Months | Current |
Auditor Details of Heritage Board Limited
Heritage Board Limited is audited by J.T. SHAH & CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J.T. SHAH & CO. | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Heritage Board Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Heritage Board Limited
Open charges
₹33.59 Cr
Satisfied charges
₹6.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Sep 2025 | Others | ₹25 Lakh | Open |
| 30 Aug 2022 | Hdfc Bank Limited | ₹10 Lakh | Open |
| 07 Sep 2021 | Others | ₹1.24 Cr | Open |
| 31 Oct 2020 | Hdfc Bank Limited | ₹19 Cr | Open |
| 13 Oct 2008 | Others | ₹13 Cr | Open |
Total charge records: 7 View all charges
Legal Cases of Heritage Board Limited
Heritage Board Limited has 5 court cases on record: 4 filed by Heritage Board, 1 filed against it. 1 case is pending and 4 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Total cases
5
Filed by the company
4
Filed against the company
1
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Karanee Enterprisees Private Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Anand Board | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed by the company against Anand Board | Disposed |
| District court, kachchh at Bhuj, Gujarat | Civil suit | Filed against the company by an individual | Disposed |
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Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Heritage Board Limited
Heritage Board Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 318 overdue payments to 53 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Harish Transport Co. | •••• | •••• | •••• |
| Matchwell Decor Private Limited | •••• | •••• | •••• |
| Ajarkripa Packaging Industries Private Limited | •••• | •••• | •••• |
| Kishan Traders | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Heritage Board Limited
Heritage Board Limited has a workforce of 37 employees as of Mar 19, 2025.
Employee count
37
Active EPFO establishments
1
Employee growth
19.35%
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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.
Recent Activity on Heritage Board Limited
Heritage Board Limited has 9 board changes on record since 2004: 6 appointments and 3 cessations. The latest: Aman Goyal was appointed as CEO on 06 Feb 2024.
AGM
Heritage Board Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 101173012 was registered on 23 Sep 2025.
Filing
Heritage Board Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 19.00 Cr registered on 31 Oct 2020 with Charge ID 100386586 was modified on 11 Oct 2024.
Charges
A charge with Others of Rs. 13.00 Cr registered on 13 Oct 2008 with Charge ID 10129909 was modified on 11 Oct 2024.
Appointed
Aman Goyal was appointed as CEO.
Ceased
Devraj Agarwal ceased to be Additional Director.
Appointed
Devraj Agarwal was appointed as Director.
Charges
A charge registered on 27 Feb 2018 via Charge ID 100163375 with Others was fully satisfied on 07 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100617403 was registered on 30 Aug 2022.
Charges
A charge with Others amounted to Rs. 1.24 Cr with Charge ID 100480172 was registered on 07 Sep 2021.
Charges
A charge with Others of Rs. 1.24 Cr registered on 07 Sep 2021 with Charge ID 100480172 was modified on 07 Sep 2021.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Heritage Board Limited
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Credit ratings, litigation, and regulatory alerts
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Subsidiaries & Group Companies of Heritage Board Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Heritage Board Limited
Heritage Board has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH5235Q1ZC | Gujarat | Active | 01 Jul 2017 |
| 29AABCH5235Q1Z2 | Karnataka | Active | 01 Jul 2017 |
| 27AABCH5235Q1Z6 | Maharashtra | Active | 27 Sep 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Heritage Board Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Heritage Board Limited
Heritage Board is an active public limited company based in Ahmedabad, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 17 December 2004 (22+ years old) and is registered under CIN U20290GJ2004PLC045171.
Heritage Board reported revenue of ₹137.74 Cr for FY 2024 (up 24% YoY).
Heritage Board has 5 current directors:
- Ankur Kumar - Whole-Time Director
- Vikas Vijay Bhai Agarwal - Director
- Vishal Agarwal Vijay Bhai - Director
- Vijay Kumar Dindayal Agarwal - Director
- Devraj Agarwal - Director
Heritage Board reported a net profit of ₹1.91 Cr (net margin 1.4%) and EBITDA of ₹4.03 Cr (EBITDA margin 2.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Heritage Board is 14% over three years and 8% over five years. In the latest year (FY 2024) revenue rose 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Heritage Board is 24AABCH5235Q1ZC, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AABCH5235Q1Z2 (Karnataka), 27AABCH5235Q1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Heritage Board is U20290GJ2004PLC045171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heritage Board has 5 court cases on record: 4 filed by the company and 1 filed against it. 1 is pending.
Heritage Board was incorporated on 17 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aman Goyal was appointed as CEO on 06 Feb 2024. Devraj Agarwal ceased to be Additional Director on 29 Sep 2023. Devraj Agarwal was appointed as Director on 04 Mar 2023. Heritage Board has 9 board changes on record in total.
Yes, Heritage Board is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0014899).