DPIIT recognised startup Government of India
Startup India
Honest Label Solutions Private Limited
Honest Label Solutions Private Limited - packaging in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.09 Cr
▲ 54% YoY
Net profit · FY 2025
₹6.42 Lakh
Net margin 2.1%
EBITDA · FY 2025
₹10.51 Lakh
EBITDA margin 3.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹20 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
About Honest Label Solutions Private Limited
Data last updated:
Honest Label Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the paper segment of the packaging sector. It was incorporated on 18 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21099GJ2020PTC113227. Its GSTIN is 24AAFCH2462P1ZB (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Paresh Dahyabhai Modi and Jekilkumar Jagadishbhai Akhani.
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 2025, the company reported a revenue of ₹3.09 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹6.42 Lakh (net margin 2.1%) and EBITDA of ₹10.51 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years.
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
Honest Label Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0081449).
Company details
CIN U21099GJ2020PTC113227
Registration Number 113227
Incorporation Date 18 March 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0081449
Key People
Paresh Dahyabhai Modi Director Jekilkumar Jagadishbhai Akhani Director Daminiben Hardikbhai Vyas Director Recognitions & Rankings of Honest Label Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0081449
Contact details
Honest Label Solutions Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressGf13 Premanjali Society Off. Judges Bunglows Rd Opp. Atithi Restaurant Nr. Jain Derasar, Bodakdev, Ahmedabad, Gujarat, India – 380015
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Honest Label Solutions Private Limited, buy the company report.
Comprehensive company report
Honest Label Solutions 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
Business activity
The main business activity of Honest Label Solutions is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Honest Label Solutions Private Limited, buy the company report.
Financials of Honest Label Solutions Private Limited
FY 2025 filings availableHonest Label Solutions Private Limited reported revenue of ₹3.09 Cr (up 54% YoY) for FY 2025.
Revenue · FY 2025
₹3.09 Cr ▲ 54%
Net profit · FY 2025
₹6.42 Lakh margin 2.1%
EBITDA · FY 2025
₹10.51 Lakh margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 62%
EBITDA CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 64%
Revenue has grown at a compounded annual rate (CAGR) of 62% over three years, including 54% growth in the latest year. EBITDA rose 47% 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 |
|---|---|---|---|---|---|
| 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 | ₹10.51 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.42 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Label Solutions Private Limited, buy the company report.
Board of directors of Honest Label Solutions Private Limited
Honest Label Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Dahyabhai Modi | Director | 18 Mar 2020 | 6 Years 7 Months | Current |
| Jekilkumar Jagadishbhai Akhani | Director | 18 Mar 2020 | 6 Years 7 Months | Current |
| Daminiben Hardikbhai Vyas | Director | 18 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Honest Label Solutions Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autumn Lifesciences (India) Private Limited | ₹3.13 Cr (FY 2025) | 32.0% | Mapusa, Goa, India | |||
| Sri Selvi Paper Mills Private Limited | ₹3.09 Cr (FY 2025) | 19.0% | Coimbatore, Tamil Nadu, India | |||
| Honest Label Solutions Private Limitedthis company | ₹3.09 Cr (FY 2025) | ₹6.42 Lakh | 2.1% | 54.0% | Ahmedabad, Gujarat, India | |
| Impulse Paper Industries Private Limited | ₹3.08 Cr (FY 2025) | -6.0% | Vasai, Maharashtra, India | |||
| Saraswati Paper Products Private Limited | ₹3.07 Cr (FY 2025) | 16.0% | Uttar Pradesh, India | |||
| Ellora Paper Mills Limited | ₹3.06 Cr (FY 2022) | 78.0% | Nagpur, Maharashtra, India | |||
| Prophetic Coatings Private Limited | ₹3.04 Cr (FY 2025) | -2.0% | Indore, Madhya Pradesh, India | |||
| Jai Mata Di Paper Mills Private Limited | ₹3.04 Cr (FY 2022) | 48.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Honest Label Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2025 | 101207120 | Hdfc Bank Limited | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Honest Label Solutions Private Limited has 1 court case on record: 1 filed by Honest Label Solutions. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Honest Label Solutions Private Limited, 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 Honest Label Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Honest Label Solutions Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
Active EPFO establishments
1
GST
Honest Label Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCH2462P1ZB | Gujarat | Active | 23 Mar 2020 |
To see the full GST registrations and return filing status of Honest Label Solutions Private Limited, buy the company report.
Recent activity
Honest Label Solutions Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Daminiben Hardikbhai Vyas was appointed as Director on 18 Mar 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 101207120 was registered on 17 Dec 2025.
AGM
Honest Label Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Honest Label Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Daminiben Hardikbhai Vyas was appointed as Director.
Appointed
Jekilkumar Jagadishbhai Akhani was appointed as Director.
Appointed
Paresh Dahyabhai Modi was appointed as Director.
Incorporation
18 Mar 2020
Honest Label Solutions Private Limited was registered on 18 Mar 2020 with Roc Ahmedabad & aged 6 years 7 months as per MCA records.
Frequently asked questions
Honest Label Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 18 March 2020 (6+ years old) and is registered under CIN U21099GJ2020PTC113227.
Honest Label Solutions has 3 current directors:
- Paresh Dahyabhai Modi - Director
- Jekilkumar Jagadishbhai Akhani - Director
- Daminiben Hardikbhai Vyas - Director
The latest financial statements of Honest Label Solutions 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 FY 2020 are in the company report.
The GSTIN of Honest Label Solutions is 24AAFCH2462P1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Honest Label Solutions is U21099GJ2020PTC113227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honest Label Solutions has 1 court case on record: 1 filed by the company. 1 is pending.
Honest Label Solutions was incorporated on 18 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Honest Label Solutions by revenue are Autumn Lifesciences (India) Private Limited, Sri Selvi Paper Mills Private Limited, Impulse Paper Industries Private Limited, Saraswati Paper Products Private Limited, Ellora Paper Mills Limited and 2 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Daminiben Hardikbhai Vyas was appointed as Director on 18 Mar 2020. Jekilkumar Jagadishbhai Akhani was appointed as Director on 18 Mar 2020. Paresh Dahyabhai Modi was appointed as Director on 18 Mar 2020.
Yes, Honest Label Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Honest Label Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0081449).