Honesty Tie Up Private Limited
About Honesty Tie Up Private Limited
Data last updated:
Honesty Tie Up Private Limited is a private limited company based in Rourkela, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27100OR2008PTC034843. Its GSTIN is 21AACCH1250J1Z4 (Odisha).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹38.28 Lakh. It is led by directors Pitabass Chhotray and Pappun Kumar Chhotray.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bb – 2 Choudhury Market Complex 1st Floor Plot No – 32 Panposh Uditnagar Main Road, Rourkela, Odisha, India – 769004.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.29 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹2.94 Cr (net margin 14.5%) and EBITDA of ₹3.34 Cr (EBITDA margin 16.4%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 10% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Honesty Tie Up has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27100OR2008PTC034843, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100OR2008PTC034843 | Current |
| U51909WB2008PTC130058 | Previous |
| U27100WB2008PTC130058 | Previous |
Contact details
Honesty Tie Up Private Limited's registered office is in Rourkela, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBb – 2 Choudhury Market Complex 1st Floor Plot No – 32 Panposh Uditnagar Main Road, Rourkela, Odisha, India – 769004
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Honesty Tie Up Private Limited, buy the company report.
- 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
Business activity
The main business activity of Honesty Tie Up is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Honesty Tie Up Private Limited, buy the company report.
Financials of Honesty Tie Up Private Limited
FY 2024 filings availableHonesty Tie Up Private Limited reported revenue of ₹20.29 Cr (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 48% fall in the latest year. EBITDA fell 2% 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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| EBITDA | ₹3.34 Cr | ||||
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| Net Profit (PAT) | ₹2.94 Cr | ||||
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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 | 16.4% | ||||
| Net Profit Margin | 14.5% | ||||
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To see the full financial statements and ratios of Honesty Tie Up Private Limited, buy the company report.
Board of directors of Honesty Tie Up Private Limited
Honesty Tie Up has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pitabass Chhotray | Director | 11 May 2012 | 14 Years 5 Months | Current |
| Pappun Kumar Chhotray Also directs: Maa Foundry Private Limited, Cine Caarnival Cinemas LLP | Director | 11 May 2012 | 14 Years 5 Months | Current |
Auditor
Honesty Tie Up Private Limited is audited by G. MAHAPATRA & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. MAHAPATRA & CO. | FY 2021 | 303056E |
Shareholding
The shareholding of Honesty Tie Up Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Honesty Tie Up Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2019 | 100260944 | Others | ₹4 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Honesty Tie Up Private Limited has 2 court cases on record: 2 filed by Honesty Tie Up. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Writ petition | Filed by the company against The Addl. Commnr. of State Tax, Sundargarh and 2 others | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Disposed |
To see the full case history of Honesty Tie Up 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 Honesty Tie Up Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Honesty Tie Up Private Limited has a workforce of 3 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Honesty Tie Up has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCH1250J1Z4 | Odisha | Active | 23 Mar 2018 |
To see the full GST registrations and return filing status of Honesty Tie Up Private Limited, buy the company report.
Recent activity
Honesty Tie Up Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Izharul Haque ceased to be Director on 02 Aug 2017.
Frequently asked questions
Honesty Tie Up is an active private limited company based in Rourkela, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 October 2008 (18+ years old) and is registered under CIN U27100OR2008PTC034843.
Honesty Tie Up has 2 current directors:
- Pitabass Chhotray - Director
- Pappun Kumar Chhotray - Director
The latest financial statements of Honesty Tie Up on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Honesty Tie Up is 21AACCH1250J1Z4, registered in Odisha.
The CIN (Corporate Identification Number) of Honesty Tie Up is U27100OR2008PTC034843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honesty Tie Up has 2 court cases on record: 2 filed by the company.
Honesty Tie Up was incorporated on 16 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Cuttack.
Izharul Haque ceased to be Director on 02 Aug 2017. Nirmal Kumar Shaw ceased to be Director on 11 May 2012. Pappun Kumar Chhotray was appointed as Director on 11 May 2012. Honesty Tie Up has 4 board changes on record in total.
The registered office of Honesty Tie Up is at Bb – 2 Choudhury Market Complex 1st Floor Plot No – 32 Panposh Uditnagar Main Road, Rourkela, Odisha, India – 769004.
Honesty Tie Up operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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