MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-MH-26-0037859
Hicrete Decorative Systems Private Limited - manufacturing in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.73 Cr
▼ 42% YoY
Net loss · FY 2025
₹17.61 Lakh
Net margin -6.5%
EBITDA · FY 2025
-₹1.67 Lakh
EBITDA margin -0.6%
Authorised capital
₹21 Lakh
Registered with MCA
Paid-up capital
₹21 Lakh
Issued & subscribed
Open charges
₹37 Lakh
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
28
Provident fund records
About Hicrete Decorative Systems Private Limited
Data last updated:
Hicrete Decorative Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 19 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24240PN2013PTC147014. Its GSTIN is 27AADCH1834M1ZF (Maharashtra).
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹21 Lakh. It is led by directors including Sachin Suresh Panse and Ajinkya Sachin Panse.
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 Aseem Bunglow Plot No 36 Sant Eknath Nagar Part II S.No 680/2 Bibvewadi, Pune, Maharashtra, India – 411037.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.73 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹17.61 Lakh (net margin -6.5%) and EBITDA of -₹1.67 Lakh (EBITDA margin -0.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hi-Crete Systems. As per MCA filings, the company has open charges of ₹37 Lakh on record.
Hicrete Decorative Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0037859). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hicretesystems.com.
Company details
CIN U24240PN2013PTC147014
Registration Number 147014
Incorporation Date 19 April 2013
ROC Pune
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 Micro
Udyam Registration UDYAM-MH-26-0037859
Recognitions & Rankings of Hicrete Decorative Systems
Contact details
Hicrete Decorative Systems Private Limited's registered office is in Pune, Maharashtra. Its website is hicretesystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAseem Bunglow Plot No 36 Sant Eknath Nagar Part II S.No 680/2 Bibvewadi, Pune, Maharashtra, India – 411037
- IndustryManufacturing, Construction Materials
To see the full contact details of Hicrete Decorative Systems Private Limited, buy the company report.
Comprehensive company report
Hicrete Decorative Systems Private 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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Brands
Hicrete Decorative Systems operates one associated brand: Hi-Crete Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flooring solutions for industrial, commercial, and residential sectors in India. | hicretesystems.com |
Business activity
The main business activity of Hicrete Decorative Systems is construction. In detail, this covers specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 43 | Specialized construction activities |
To see the full business activity and turnover split of Hicrete Decorative Systems Private Limited, buy the company report.
Financials of Hicrete Decorative Systems Private Limited
FY 2025 filings availableHicrete Decorative Systems Private Limited reported revenue of ₹2.73 Cr (down 42% YoY) for FY 2025.
Revenue · FY 2025
₹2.73 Cr ▼ 42%
Net loss · FY 2025
₹17.61 Lakh margin -6.5%
EBITDA · FY 2025
-₹1.67 Lakh margin -0.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 9%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 103%
3 years · compounded
▼ 27%
5 years · compounded
▼ 16%
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 103% 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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| Total Expenses | |||||
| EBITDA | -₹1.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.61 Lakh | ||||
| Balance Sheet | |||||
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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 | -0.6% | ||||
| Net Profit Margin | -6.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hicrete Decorative Systems Private Limited, buy the company report.
Board of directors of Hicrete Decorative Systems Private Limited
Hicrete Decorative Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Suresh Panse | Director | 19 Apr 2013 | 13 Years 6 Months | Current |
| Ajinkya Sachin Panse | Director | 19 Apr 2013 | 13 Years 6 Months | Current |
| Manasi Sachin Panse | Director | 19 Apr 2013 | 13 Years 6 Months | Current |
Auditor
Hicrete Decorative Systems Private Limited is audited by Khire Khandekar & Kirloskar for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khire Khandekar & Kirloskar | FY 2023 | 105148W |
Shareholding
The shareholding of Hicrete Decorative Systems Private 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 Hicrete Decorative Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2024 | 100956118 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 17 Apr 2020 | 100342635 | Others | ₹22 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Hicrete Decorative Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Hicrete Decorative Systems Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 32 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Ohm Polytech Private Limited | |||
| Reliable Chemicals | |||
| Parekh Plastics | |||
| Gulmohar Pack-Tech India Private Limited |
To see the full MSME payment records of Hicrete Decorative Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hicrete Decorative Systems Private Limited has a workforce of 28 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
33.33%
GST
Hicrete Decorative Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCH1834M1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hicrete Decorative Systems Private Limited, buy the company report.
Recent activity
Hicrete Decorative Systems Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Kamlesh Baburao Lanjewar ceased to be Director on 11 Jun 2017.
AGM
Hicrete Decorative Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hicrete Decorative Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Lakh with Charge ID 100956118 was registered on 10 Jul 2024.
Charges
A charge with Others amounted to Rs. 22.00 Lakh with Charge ID 100342635 was registered on 17 Apr 2020.
Ceased
Kamlesh Baburao Lanjewar ceased to be Director.
Ceased
Nikhil Ashok Jadhav ceased to be Director.
Ceased
Shashikant Laxman Jadhav ceased to be Director.
Appointed
Ajinkya Sachin Panse was appointed as Director.
Appointed
Manasi Sachin Panse was appointed as Director.
Appointed
Sachin Suresh Panse was appointed as Director.
Incorporation
19 Apr 2013
Hicrete Decorative Systems Private Limited was registered on 19 Apr 2013 with Roc Pune & aged 13 years 6 months as per MCA records.
Frequently asked questions
Hicrete Decorative Systems is an active private limited company based in Pune, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 19 April 2013 (13+ years old) and is registered under CIN U24240PN2013PTC147014.
Hicrete Decorative Systems has 3 current directors:
- Sachin Suresh Panse - Director
- Ajinkya Sachin Panse - Director
- Manasi Sachin Panse - Director
The latest financial statements of Hicrete Decorative Systems 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 Hicrete Decorative Systems is 27AADCH1834M1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Hicrete Decorative Systems is U24240PN2013PTC147014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hicrete Decorative Systems was incorporated on 19 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
Kamlesh Baburao Lanjewar ceased to be Director on 11 Jun 2017. Nikhil Ashok Jadhav ceased to be Director on 03 Apr 2015. Shashikant Laxman Jadhav ceased to be Director on 03 Apr 2015. Hicrete Decorative Systems has 6 board changes on record in total.
Yes, Hicrete Decorative Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0037859).
Hicrete Decorative Systems has 8 MSME Form 1 returns on record between 2019 and 2023, listing 32 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Hicrete Decorative Systems can be reached through the website hicretesystems.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Hicrete Decorative Systems is at Aseem Bunglow Plot No 36 Sant Eknath Nagar Part II S.No 6802 Bibvewadi, Pune, Maharashtra, India – 411037.