MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0111735
Honest Industries Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.94 Cr
▲ 56% YoY
Net profit · FY 2024
₹11.15 Lakh
Net margin 3.8%
EBITDA · FY 2024
₹44.28 Lakh
EBITDA margin 15%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹1.86 Cr
Satisfied ₹5.14 Cr
Company age
14 yrs
Est. 2012
Directors on board
2
As per MCA filings
About Honest Industries Private Limited
Data last updated:
Honest Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 20 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29254GJ2012PTC072045. Its GSTIN is 24AADCH0217L1ZW (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Omkarsinh Dilipsinh Mahida and Jaypalsinh Omkarsinh Mahida.
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 ₹2.94 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹11.15 Lakh (net margin 3.8%) and EBITDA of ₹44.28 Lakh (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 14% over five years.
The company is associated with 1 brand: Kishin. As per MCA filings, the company has open charges of ₹1.86 Cr and satisfied charges of ₹5.14 Cr on record.
Honest Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0111735). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kishinquartz.com.
Company details
CIN U29254GJ2012PTC072045
Registration Number 072045
Incorporation Date 20 September 2012
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 Small
Udyam Registration UDYAM-GJ-01-0111735
Recognitions & Rankings of Honest Industries
Contact details
Honest Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is kishinquartz.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. 107 Star Empire Opp. Hp & Ioc Petrol Pump, Nr. Dehgam Circle Hanspura S. P. Ring Road Nava Naroda, Ahmedabad, Gujarat, India – 382330
- IndustryManufacturing, Construction Materials
To see the full contact details of Honest Industries Private Limited, buy the company report.
Comprehensive company report
Honest Industries 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Honest Industries operates one associated brand: Kishin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Kishin is recognized as a manufacturer and exporter of kitchen sinks. | kishinquartz.com |
Business activity
The main business activity of Honest Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Honest Industries Private Limited, buy the company report.
Financials of Honest Industries Private Limited
FY 2025 filings availableHonest Industries Private Limited reported revenue of ₹2.94 Cr (up 56% YoY) for FY 2024.
Revenue · FY 2024
₹2.94 Cr ▲ 56%
Net profit · FY 2024
₹11.15 Lakh margin 3.8%
EBITDA · FY 2024
₹44.28 Lakh margin 15%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 24%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 285%
3 years · compounded
▲ 11%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 56% growth in the latest year. EBITDA rose 285% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹44.28 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.15 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Honest Industries Private Limited, buy the company report.
Board of directors of Honest Industries Private Limited
Honest Industries has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omkarsinh Dilipsinh Mahida | Director | 20 Sep 2012 | 14 Years 1 Months | Current |
| Jaypalsinh Omkarsinh Mahida | Additional Director | 11 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Honest Industries Private Limited is audited by SHAH TEELANI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH TEELANI & ASSOCIATES | FY 2020 | 133549W |
Shareholding
The shareholding of Honest Industries Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Honest Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.86 Cr
Satisfied charges
₹5.14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2018 | 100157911 | Others | ₹1.86 Cr | Satisfied | |
| 03 Jun 2013 | 10430124 | The Ahmedabad Mercantile Co-Operative Bank Ltd | ₹3.28 Cr | Satisfied |
To see the full charge records of Honest Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Honest Industries 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
No delayed payments to MSME suppliers are on our record for Honest Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Honest Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH0217L1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Honest Industries Private Limited, buy the company report.
Recent activity
Honest Industries Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Jaypalsinh Omkarsinh Mahida was appointed as Additional Director on 11 Feb 2019.
AGM
Honest Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Honest Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 22 Jan 2018 via Charge ID 100157911 with Others was fully satisfied on 29 Mar 2025.
Charges
A charge with Others of Rs. 185.50 Lakh registered on 22 Jan 2018 with Charge ID 100157911 was modified on 18 Feb 2021.
Appointed
Jaypalsinh Omkarsinh Mahida was appointed as Additional Director.
Ceased
Vijaybhai Chandrakant Joshi ceased to be Director.
Charges
A charge registered on 03 Jun 2013 via Charge ID 10430124 with The Ahmedabad Mercantile Co-Operative Bank Ltd was fully satisfied on 08 Aug 2018.
Charges
A charge with Others amounted to Rs. 185.50 Lakh with Charge ID 100157911 was registered on 22 Jan 2018.
Charges
A charge with The Ahmedabad Mercantile Co-Operative Bank Ltd amounted to Rs. 328.25 Lakh with Charge ID 10430124 was registered on 03 Jun 2013.
Appointed
Omkarsinh Dilipsinh Mahida was appointed as Director.
Appointed
Vijaybhai Chandrakant Joshi was appointed as Director.
Incorporation
20 Sep 2012
Honest Industries Private Limited was registered on 20 Sep 2012 with Roc Ahmedabad & aged 14 years 1 month as per MCA records.
Frequently asked questions
Honest Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 20 September 2012 (14+ years old) and is registered under CIN U29254GJ2012PTC072045.
Honest Industries has 2 current directors:
- Omkarsinh Dilipsinh Mahida - Director
- Jaypalsinh Omkarsinh Mahida - Additional Director
The latest financial statements of Honest Industries 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 Honest Industries is 24AADCH0217L1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Honest Industries is U29254GJ2012PTC072045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honest Industries was incorporated on 20 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jaypalsinh Omkarsinh Mahida was appointed as Additional Director on 11 Feb 2019. Vijaybhai Chandrakant Joshi ceased to be Director on 11 Feb 2019. Omkarsinh Dilipsinh Mahida was appointed as Director on 20 Sep 2012. Honest Industries has 4 board changes on record in total.
Yes, Honest Industries is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0111735).
Honest Industries can be reached through the website kishinquartz.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Honest Industries is at Shop No. 107 Star Empire Opp. Hp & Ioc Petrol Pump, Nr. Dehgam Circle Hanspura S. P. Ring Road Nava Naroda, Ahmedabad, Gujarat, India – 382330.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages