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Honest Pad's Private Limited
Honest Pad's Private Limited - textile in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.07 Lakh
▼ 79% YoY
Net loss · FY 2025
₹3.35 Lakh
Net margin -162.2%
EBITDA · FY 2025
-₹3.29 Lakh
EBITDA margin -159.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Honest Pad's Private Limited
Data last updated:
Honest Pad's Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the knitted textile segment of the textiles sector. It was incorporated on 17 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17301TN2021PTC147964. Its GSTIN is 33AAGCH0485H1ZP (Tamil Nadu).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sathyamurthy Madhan and Navaneethan Kamaleshbabu.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.07 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹3.35 Lakh (net margin -162.2%) and EBITDA of -₹3.29 Lakh (EBITDA margin -159.3%). Revenue has grown at a compounded annual rate (CAGR) of 145% over three years.
Honest Pad's Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0099360). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17301TN2021PTC147964
Registration Number 147964
Incorporation Date 17 November 2021
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0099360
Recognitions & Rankings of Honest Pad's
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-TN-02-0099360
Contact details
Honest Pad's Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.5/9 1st Cross Street, Karpagam Gardens Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryTextile, Knitted Textile, Manufacturing
To see the full contact details of Honest Pad's Private Limited, buy the company report.
Comprehensive company report
Honest Pad's 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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Business activity
The main business activity of Honest Pad's is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Honest Pad's Private Limited, buy the company report.
Financials of Honest Pad's Private Limited
FY 2025 filings availableHonest Pad's Private Limited reported revenue of ₹2.07 Lakh (down 79% YoY) for FY 2025.
Revenue · FY 2025
₹2.07 Lakh ▼ 79%
Net loss · FY 2025
₹3.35 Lakh margin -162.2%
EBITDA · FY 2025
-₹3.29 Lakh margin -159.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▲ 145%
EBITDA CAGR growth
1 year
▲ 90%
3 years · compounded
▲ 13%
Revenue fell 79% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 145%. EBITDA rose 90% 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 |
|---|---|---|---|---|
| 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 | -₹3.29 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.35 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -159.3% | |||
| Net Profit Margin | -162.2% | |||
| 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 Pad's Private Limited, buy the company report.
Board of directors of Honest Pad's Private Limited
Honest Pad's has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathyamurthy Madhan Also directs: Hyperready Technology LLP, Shreevelu Promoters LLP, Kamalesh and Madhan Consulting LLP and 5 more | Director | 17 Nov 2021 | 4 Years 11 Months | Current |
| Navaneethan Kamaleshbabu Also directs: Adzela Advertising Solutions LLP, Hyperready Technology LLP, Shreevelu Promoters LLP and 4 more | Director | 17 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Honest Pad's Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trade, except of motor vehicles and motorcycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bestavision Traders Pvt Ltd | ₹2.08 Lakh (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Ady Advit Pharmaceuticals Private Limited | ₹2.07 Lakh (FY 2025) | -70.0% | Lucknow, Uttar Pradesh, India | |||
| KKR Trading Company Private Limited | ₹2.07 Lakh (FY 2025) | -78.0% | Delhi, India | |||
| Indiamade Suppliers Private Limited | ₹2.07 Lakh (FY 2025) | Raebareli, Uttar Pradesh, India | ||||
| Avanah Innovative Building Solutions Private Limited | ₹2.07 Lakh (FY 2025) | -73.0% | Bangalore, Karnataka, India | |||
| Honest Pad's Private Limitedthis company | ₹2.07 Lakh (FY 2025) | -₹3.35 Lakh | -162.2% | -79.0% | Chennai, Tamil Nadu, India | |
| Bharat Road Development Combines P Ltd | ₹2.06 Lakh (FY 2025) | -86.0% | Mumbai, Maharashtra, India | |||
| Aagam Automotive Private Limited | ₹2.06 Lakh (FY 2025) | -94.0% | Udaipur, Rajasthan, India | |||
| Gittuo Marketing Private Limited | ₹2.06 Lakh (FY 2025) | 59.0% | Jaipur, Rajasthan, India | |||
| Seagoing Exports Private Limited | ₹2.05 Lakh (FY 2025) | 35.0% | Mumbai, Maharashtra, India | |||
| Inesa Agro Products (OPC) Private Limited | ₹2.05 Lakh (FY 2024) | -18.0% | Thane, Maharashtra, India |
To see the full peer comparison of Honest Pad's Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Honest Pad's 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 Pad's Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Honest Pad's has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCH0485H1ZP | Tamil Nadu | Active | 21 Dec 2021 |
To see the full GST registrations and return filing status of Honest Pad's Private Limited, buy the company report.
Recent activity
Honest Pad's Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Abirami Dusshyanth ceased to be Director on 30 May 2024.
AGM
Honest Pad'S Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Honest Pad'S Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Abirami Dusshyanth ceased to be Director.
Ceased
Vidhya ceased to be Director.
Appointed
Navaneethan Kamaleshbabu was appointed as Director.
Appointed
Sathyamurthy Madhan was appointed as Director.
Incorporation
17 Nov 2021
Honest Pad'S Private Limited was registered on 17 Nov 2021 with Roc Chennai & aged 4 years 11 months as per MCA records.
Frequently asked questions
Honest Pad's is an active private limited company based in Chennai, Tamil Nadu, India. The company works in knitted textile, within the textile industry. It was incorporated on 17 November 2021 (5+ years old) and is registered under CIN U17301TN2021PTC147964.
Honest Pad's has 2 current directors:
- Sathyamurthy Madhan - Director
- Navaneethan Kamaleshbabu - Director
The latest financial statements of Honest Pad's 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 2022 are in the company report.
The GSTIN of Honest Pad's is 33AAGCH0485H1ZP, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Honest Pad's is U17301TN2021PTC147964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honest Pad's was incorporated on 17 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Honest Pad's by revenue are Bestavision Traders Pvt Ltd, Ady Advit Pharmaceuticals Private Limited, KKR Trading Company Private Limited, Indiamade Suppliers Private Limited, Avanah Innovative Building Solutions Private Limited and 5 more, all in the same principal business activity (wholesale trade, except of motor vehicles and motorcycles).
Abirami Dusshyanth ceased to be Director on 30 May 2024. Vidhya ceased to be Director on 17 Jan 2022. Navaneethan Kamaleshbabu was appointed as Director on 17 Nov 2021. Honest Pad's has 4 board changes on record in total.
Yes, Honest Pad's is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Honest Pad's is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0099360).
The registered office of Honest Pad's is at No.59 1st Cross Street, Karpagam Gardens Adyar, Chennai, Tamil Nadu, India – 600020.
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