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 6 peer companies in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 3 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
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
HSDL Innovative Private Limited's registered office is in Surat, Gujarat. Its website is hsdlinnovative.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressShop No 410 4th Floor Royal Platinum Palanpore, Surat, Gujarat, India – 395009
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of HSDL Innovative Private Limited, buy the company report.
Comprehensive company report
HSDL Innovative 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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Brands
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
The main business activity of HSDL Innovative is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of HSDL Innovative Private Limited, buy the company report.
Financials of HSDL Innovative Private Limited
FY 2024 filings availableHSDL 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)
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
| 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| 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 | |||||
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| 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 | 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 | |||||
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| 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 HSDL Innovative Private Limited, buy the company report.
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
HSDL Innovative Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| 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 | |||
| 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 | |||
| HSDL Innovative Private Limitedthis company | ₹1.87 Cr (FY 2025) | ₹34,891 | 0.2% | 1.0% | Surat, Gujarat, 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 | |||
| Om Sri Sai Ganesha Hotels Private Limited | ₹1.83 Cr (FY 2024) | -29.0% | Hyderabad, Telangana, India |
To see the full peer comparison of HSDL Innovative Private Limited, buy the company report.
Auditor
HSDL Innovative Private Limited is audited by CA ARNAV HIMANSHU MODI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA ARNAV HIMANSHU MODI | FY 2023 | 0153518W |
Shareholding
The shareholding of HSDL Innovative Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HSDL Innovative Private Limited, buy the company report.
Charges & borrowings
Open charges
₹82.1 Lakh
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2023 | 100669542 | Others | ₹77 Lakh | Open | |
| 25 Aug 2022 | 100604969 | The South Indian Bank Limited | ₹5.1 Lakh | Open | |
| 20 Sep 2017 | 100123671 | Others | ₹1 Cr | Satisfied |
To see the full charge records of HSDL Innovative Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving HSDL Innovative 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 HSDL Innovative Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
HSDL Innovative has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECH0845B1Z6 | Gujarat | Active | 11 Aug 2017 |
To see the full GST registrations and return filing status of HSDL Innovative Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 3 current directors:
- Lalitkumar Jasmatbhai Chaklasiya - Director
- Dharmesh Maganlal Devani - Director
- Herrik Mountbaton Shah - Director
The latest financial statements of HSDL Innovative on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
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, Capman India Consumer Products Private Limited, Groboco Foodworks Private Limited, All That Dips Private Limited, Priya Edibles Private Limited and 1 more, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
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.
Yes, HSDL Innovative is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, HSDL Innovative is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0019733).
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