Honest Enterprise Private Limited - Company Profile

It is a metals and minerals private limited company based in Vadodara, Gujarat, India, established in 1999.
1999 Vadodara, Gujarat, India Active
Last Updated:
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About Honest Enterprise Private Limited

Honest Enterprise Private Limited, a active private limited company, was established on 12 August 1999 in Vadodara, Gujarat, India. Engaging in steel manufacturing & processing within the trade sector, it holds CIN: U27209GJ1999PTC036414. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹5.80 Cr and a paid-up capital of ₹2.39 Cr.

Formerly known as Honest Enterprise Limited. It upholds a compliant status. Its leadership includes Laxmichand Vaghmal Vaghela (Whole-Time Director), Hitesh Laxmichand Vaghela (Director), Usha Hitesh Vaghela (Whole-Time Director). Past directors included Pravinkumar Laxmichand Vaghela, Indu Pravin Vaghela, Samudevi Laxmichand Vaghela. It holds ₹59.20 Cr open charges and ₹78.68 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 118, Meghdoot Apartment, Near Apsara Cinema, Pratapnagar Road,, Vadodara, Gujarat, 390004.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U27209GJ1999PTC036414

  • Registration Number

    036414

  • Incorporation Date

    12 August 1999

  • Authorized Capital

    ₹5.80 Cr

  • Paid-Up Capital

    ₹2.39 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.80 Cr
  • Paid Up Capital ₹ 2.39 Cr
  • Company Age 26 Year, 7 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 59.20 Cr
  • Satisfied Charges ₹ 78.68 Cr
  • Revenue Growth **** 22.35%
  • Profit Growth **** 0.42%
  • Ebitda **** -5.41%
  • Net Worth 6.34%
  • Total Assets **** 38.79%
Company report

Honest Enterprise Private Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Honest Enterprise Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Honest Enterprise Private Limited?
Current Directors
Name Designation Appointment Date Status
Laxmichand Vaghmal Vaghela Whole-Time Director 12 Aug 1999 Current
Hitesh Laxmichand Vaghela Director 12 Aug 1999 Current
Usha Hitesh Vaghela Whole-Time Director 12 Aug 1999 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Whole-Time Director 26 Oct 2021 Past
Pramod Abcsdd Additional Director 30 Sep 2019 Past
Pramod Abcsdd Director 26 Oct 2021 Past
Pramod Abcsdd Managing Director 01 Dec 2021 Past
Pramod Abcsdd Whole-Time Director 01 Dec 2021 Past
Pramod Abcsdd Director 01 Apr 2010 Past

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Financial Performance of Honest Enterprise.

Honest Enterprise Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.35% increase. The company also saw a slight improvement in profitability, with a 0.42% increase in profit. The company's net worth moved up by a moderate rise of 6.34%.

Honest Enterprise revenue growth over time
Honest Enterprise profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 22.35%
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*******
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Revenue from Operations
*******
 22.58%
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*******
*******
*******
Total Assets
*******
 38.79%
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*******
*******
*******
Profit or Loss
*******
 0.42%
*******
*******
*******
*******
Net Worth
*******
 6.34%
*******
*******
*******
*******
EBITDA
*******
 -5.41%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Honest Enterprise?

In 2023, Honest Enterprise had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹592,000,000.00

Satisfied Charges

₹786,779,100.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 59.20 Cr
Latest Charge Details
Date Lender Amount Status
13 Aug 2013 State Bank Of India ₹29.60 Cr Open
08 Aug 2013 State Bank Of India ₹29.60 Cr Open
04 Jan 2022 Hdfc Bank Limited ₹0.09 M Satisfied
10 Oct 2014 State Bank Of India ₹9.90 Cr Satisfied
10 Jul 2010 Kotak Mahindra Bank Limited ₹5.00 M Satisfied

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How Many Employees Work at Honest Enterprise?

Unlock and access historical data on people associated with Honest Enterprise, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Honest Enterprise, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Honest Enterprise's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Honest Enterprise
Recent Activity within the Organization
  • Annual General Meeting

    Honest Enterprise Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Honest Enterprise Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was recorded as a recent event.

  • Charges

    A charge registered on 04 Jan 2022 via Charge ID 100543682 with Hdfc Bank Limited was fully satisfied on 09 May 2023. was recorded as a recent event.

  • Charges

    A charge with State Bank Of India of Rs. 29.60 Cr registered on 13 Aug 2013 with Charge ID 10444085 was modified on 28 Apr 2023. was recorded as a recent event.

  • Charges

    The activity A charge with State Bank Of India of Rs. 29.60 Cr registered on 08 Aug 2013 with Charge ID 10444059 was modified on 06 Apr 2023. was completed.

  • Charges

    A charge registered on 26 Feb 2008 via Charge ID 10093665 with Ge Capital Transportation Financial Services Limited was fully satisfied on 23 Feb 2022. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Honest Enterprise Private Limited?

The CIN of Honest Enterprise Private Limited is U27209GJ1999PTC036414.

Where is Honest Enterprise Private Limited headquartered?

Honest Enterprise Private Limited is headquartered at 118, Meghdoot Apartment, Near Apsara Cinema, Pratapnagar Road,, Vadodara, Gujarat, 390004.

When was Honest Enterprise Private Limited incorporated?

Honest Enterprise Private Limited was incorporated on 12 August 1999.

Who are the current directors of Honest Enterprise Private Limited?

The current directors of Honest Enterprise Private Limited are

What is the primary industry of Honest Enterprise Private Limited?

The primary industry of Honest Enterprise Private Limited is Trade.

Is Honest Enterprise Private Limited a listed company?

Honest Enterprise Private Limited is unlisted.

What is the capital structure of Honest Enterprise Private Limited?

The authorized capital of Honest Enterprise Private Limited is ₹5.80 Cr, and the paid-up capital is ₹2.39 Cr.

What is the compliance status of Honest Enterprise Private Limited?

The compliance status of Honest Enterprise Private Limited is Compliant.

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