Startup India Government of India
HSDL Innovative Private Limited - food and beverages in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.87 Cr
▲ 1% YoY
Net profit · FY 2025
₹34,891
Net margin 0.2%
EBITDA · FY 2025
₹30.12 Lakh
EBITDA margin 16.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹82.1 Lakh
Satisfied ₹1 Cr
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
About HSDL Innovative Private Limited
Data last updated:
HSDL Innovative Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 17 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15136GJ2017PTC095843. Its GSTIN is 24AAECH0845B1Z6 (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Lalitkumar Jasmatbhai Chaklasiya and Dharmesh Maganlal Devani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shop No 410 4th Floor Royal Platinum Palanpore, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.87 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹34,891 (net margin 0.2%) and EBITDA of ₹30.12 Lakh (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 17% over five years.
The company is associated with 1 brand: HSDL Innovative. As per MCA filings, the company has open charges of ₹82.1 Lakh and satisfied charges of ₹1 Cr on record. The company has 2 deals on record (2 rights issues); the latest was in August 2022. Its 10 peer companies in the Food and Beverages industry (Instant Foods) are compared by revenue, 5 larger and 5 smaller; the largest is Wolverine Foods Limited with revenue of ₹1.89 Cr.
HSDL Innovative Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0019733). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hsdlinnovative.com.
Company Details of HSDL Innovative Private Limited
CIN U15136GJ2017PTC095843
Registration Number 095843
Incorporation Date 17 February 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0019733
Key People
Lalitkumar Jasmatbhai Chaklasiya Director Dharmesh Maganlal Devani Director Herrik Mountbaton Shah Director Recognitions & Rankings of HSDL Innovative
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0019733
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No 410 4th Floor Royal Platinum Palanpore, Surat, Gujarat, India – 395009
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
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Associated Brands with HSDL Innovative Private Limited
HSDL Innovative operates one associated brand: HSDL Innovative. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Freeze-drying of fruits, vegetables, herbs, and ready-to-eat products in India. | hsdlinnovative.com |
Business Activity of HSDL Innovative Private Limited
The main business activity of HSDL Innovative is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of HSDL Innovative Private Limited FY 2024 filings available
HSDL Innovative Private Limited reported revenue of ₹1.87 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹1.87 Cr ▲ 1%
Net profit · FY 2025
₹34,891 margin 0.2%
EBITDA · FY 2025
₹30.12 Lakh margin 16.1%
Compounded Annual Growth Rate (CAGR) of HSDL Innovative Private Limited
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 3%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 30%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 1% growth in the latest year. EBITDA fell 9% 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 of HSDL Innovative Private Limited
| 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 | ₹30.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34,891 | •••• | •••• | •••• | •••• |
| 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 of HSDL Innovative Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of HSDL Innovative are in the company report.
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Financial statements from FY 2017
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Board of Directors of HSDL Innovative Private Limited
HSDL Innovative has 3 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 |
|---|---|---|---|---|
| Lalitkumar Jasmatbhai Chaklasiya | Director | 17 Feb 2017 | 9 Years 8 Months | Current |
| Dharmesh Maganlal Devani | Director | 17 Feb 2017 | 9 Years 8 Months | Current |
| Herrik Mountbaton Shah Also directs: Hamps Bio Limited, V4u Healthcare Private Limited | Director | 17 Feb 2017 | 9 Years 8 Months | Current |
Peer Comparison of HSDL Innovative Private Limited
HSDL Innovative Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Instant Foods). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wolverine Foods Limited | ₹1.89 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Birhana Road, Uttar Pradesh, India |
| Apexion Solutions Private Limited | ₹1.89 Cr (FY 2024) | •••• | •••• | 57.0% | •••• | Bangalore, Karnataka, India |
| Capman India Consumer Products Private Limited | ₹1.88 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Madurai, Tamil Nadu, India |
| Groboco Foodworks Private Limited | ₹1.88 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Surat, Gujarat, India |
| Roasty Foods Private Limited | ₹1.87 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Jaipur, Rajasthan, India |
| HSDL Innovative Private Limited this company | ₹1.87 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Surat, Gujarat, India |
| Akm Agro Processing Private Limited | ₹1.86 Cr (FY 2025) | •••• | •••• | -81.0% | •••• | Khurda, Odisha, India |
| All That Dips Private Limited | ₹1.85 Cr (FY 2023) | •••• | •••• | -19.0% | •••• | Vadodara, Gujarat, India |
| Priya Edibles Private Limited | ₹1.85 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Uttar Pradesh, India |
| Bon Reaps Private Limited | ₹1.84 Cr (FY 2023) | •••• | •••• | -42.0% | •••• | Gurgaon, Haryana, India |
| Om Sri Sai Ganesha Hotels Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below HSDL Innovative by revenue in the Food and Beverages industry (Instant Foods), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of HSDL Innovative Private Limited
HSDL Innovative Private Limited is audited by CA ARNAV HIMANSHU MODI for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CA ARNAV HIMANSHU MODI | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of HSDL Innovative Private Limited
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Charges & Borrowings of HSDL Innovative Private Limited
Open charges
₹82.1 Lakh
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2023 | Others | ₹77 Lakh | Open |
| 25 Aug 2022 | The South Indian Bank Limited | ₹5.1 Lakh | Open |
| 20 Sep 2017 | Others | ₹1 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of HSDL Innovative Private Limited
HSDL Innovative Private Limited has 2 deals on record (2 rights issues); the latest was in August 2022.
Total deals
2
Rights issues
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Rights issue | ₹25 Lakh | Investors: 4 individuals |
| Sep 2017 | Rights issue | ₹24 Lakh | Investors: 4 individuals |
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Employees and EPFO Compliance at HSDL Innovative Private Limited
Employment history and EPFO contributions of people linked to HSDL Innovative.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on HSDL Innovative Private Limited
HSDL Innovative Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Sanjay Kanjibhai Chaklasiya ceased to be Director on 28 Feb 2022.
AGM
Hsdl Innovative Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hsdl Innovative Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.77 Cr with Charge ID 100669542 was registered on 24 Jan 2023.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100604969 was registered on 25 Aug 2022.
Charges
A charge registered on 20 Sep 2017 via Charge ID 100123671 with Others was fully satisfied on 28 Jun 2022.
Ceased
Sanjay Kanjibhai Chaklasiya ceased to be Director.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100123671 was registered on 20 Sep 2017.
Appointed
Dharmesh Maganlal Devani was appointed as Director.
Appointed
Herrik Mountbaton Shah was appointed as Director.
Appointed
Lalitkumar Jasmatbhai Chaklasiya was appointed as Director.
Incorporation
17 Feb 2017
Hsdl Innovative Private Limited was registered on 17 Feb 2017 with Roc Ahmedabad & aged 9 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for HSDL Innovative Private Limited
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MSME Payment Delays by HSDL Innovative Private Limited
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Subsidiaries & Group Companies of HSDL Innovative Private Limited
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GST Compliance of HSDL Innovative Private Limited
HSDL Innovative has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECH0845B1Z6 | Gujarat | Active | 11 Aug 2017 |
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MCA Filings & Documents of HSDL Innovative Private Limited
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Frequently Asked Questions about HSDL Innovative Private Limited
HSDL Innovative is an active private limited company based in Surat, Gujarat, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 17 February 2017 (9+ years old) and is registered under CIN U15136GJ2017PTC095843.
HSDL Innovative reported revenue of ₹1.87 Cr for FY 2025 (up 1% YoY).
HSDL Innovative has 3 current directors:
- Lalitkumar Jasmatbhai Chaklasiya - Director
- Dharmesh Maganlal Devani - Director
- Herrik Mountbaton Shah - Director
HSDL Innovative reported a net profit of ₹34,891 (net margin 0.2%) and EBITDA of ₹30.12 Lakh (EBITDA margin 16.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of HSDL Innovative is 3% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of HSDL Innovative is 24AAECH0845B1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of HSDL Innovative is U15136GJ2017PTC095843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HSDL Innovative was incorporated on 17 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
HSDL Innovative has 2 deals on record (2 rights issues); the latest was in August 2022.
The peers of HSDL Innovative by revenue are Wolverine Foods Limited, Apexion Solutions Private Limited, Capman India Consumer Products Private Limited, Groboco Foodworks Private Limited, Roasty Foods Private Limited and 5 more, all in the Food and Beverages industry (Instant Foods).
Sanjay Kanjibhai Chaklasiya ceased to be Director on 28 Feb 2022. Dharmesh Maganlal Devani was appointed as Director on 17 Feb 2017. Herrik Mountbaton Shah was appointed as Director on 17 Feb 2017. HSDL Innovative has 4 board changes on record in total.