MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0008675
Indian Pulp & Paper Private Limited - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹58.79 Cr
▼ 7% YoY
Net loss · FY 2021
₹13.81 Cr
Net margin -23.5%
EBITDA · FY 2021
-₹2.85 Cr
EBITDA margin -4.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.32 Cr
Issued & subscribed
Open charges
₹273.31 Cr
Satisfied ₹89.04 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
141
Provident fund records
About Indian Pulp & Paper Private Limited
Data last updated:
Indian Pulp & Paper Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 12 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U21093WB2004PTC098305. Its GSTIN is 19AACCB3814A1Z8 (West Bengal).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.32 Cr. It was formerly known as Balaji Kagaz Pvt Ltd. It is led by directors including Tilak Raj and Sanjay Kumar Khemka.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2021, the company reported a revenue of ₹58.79 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹13.81 Cr (net margin -23.5%) and EBITDA of -₹2.85 Cr (EBITDA margin -4.9%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 1% over five years.
The company has about 141 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹273.31 Cr and satisfied charges of ₹89.04 Cr on record. Court records list 19 cases involving the company, including 7 filed by the company and 12 filed against it; 8 cases are pending. The company has 9 deals on record (7 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹10.57 Cr; the latest was in March 2018. Its 10 peer companies in the Manufacturing industry (Paper) are compared by revenue, 5 larger and 5 smaller; the largest is Lunker Agencies Private Limited with revenue of ₹59.92 Cr.
Indian Pulp & Paper Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0008675). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indianpulp.com.
Company Details of Indian Pulp & Paper Private Limited
CIN U21093WB2004PTC098305
Registration Number 098305
Incorporation Date 12 April 2004
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0008675
Recognitions & Rankings of Indian Pulp & Paper
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressAnand Lok Building, 227 Ajc Bose Road 2nd Floor, Kolkata, West Bengal, India – 700020
- IndustryManufacturing, Paper & Packaging Products
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Business Activity of Indian Pulp & Paper Private Limited
The main business activity of Indian Pulp & Paper is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Indian Pulp & Paper Private Limited FY 2021 filings available
Indian Pulp & Paper Private Limited reported revenue of ₹58.79 Cr (down 7% YoY) for FY 2021.
Revenue · FY 2021
₹58.79 Cr ▼ 7%
Net loss · FY 2021
₹13.81 Cr margin -23.5%
EBITDA · FY 2021
-₹2.85 Cr margin -4.9%
Compounded Annual Growth Rate (CAGR) of Indian Pulp & Paper Private Limited
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 17%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 181%
3 years · compounded
▼ 30%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 7% fall in the latest year. EBITDA fell 181% 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 Indian Pulp & Paper Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹58.79 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.81 Cr | •••• | •••• | •••• | •••• |
| 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 Indian Pulp & Paper Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -23.5% | •••• | •••• | •••• | •••• |
| 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 Indian Pulp & Paper are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Indian Pulp & Paper Private Limited
Indian Pulp & Paper has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tilak Raj Also directs: Pinax Paper Mills Private Limited, Balaji Paper & Newsprint Private Limited, Pinax Paper Industries Private Limited and 5 more | Director | 02 Jan 2025 | 1 Years 9 Months | Current |
| Sanjay Kumar Khemka Also directs: Pinax Paper Mills Private Limited, Zen Finlease Private Limited, Zirkon Riceland and Foods Products Private Limited and 5 more | Director | 02 Jan 2025 | 1 Years 9 Months | Current |
| Kumar Manglam Also directs: Pinax Paper Mills Private Limited, Pinax Paper Industries Private Limited, Pinax Infraprojects Private Limited and 5 more | Director | 02 Jan 2025 | 1 Years 9 Months | Current |
Peer Comparison of Indian Pulp & Paper Private Limited
Indian Pulp & Paper Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paper). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lunker Agencies Private Limited | ₹59.92 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Pratham Shetty Oni, Hubli, Karnataka, India |
| Galaxy Papers Private Limited | ₹59.79 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Uttar Pradesh, India |
| Bhasin Industries Pvt Ltd | ₹59.58 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Nagpur, Maharashtra, India |
| Sherry Speciality Papers Private Limited. | ₹59.42 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Palghar, Maharashtra, India |
| Hardoli Paper Mills Limited | ₹59.01 Cr (FY 2024) | •••• | •••• | -44.0% | •••• | Nagpur, Maharashtra, India |
| Indian Pulp & Paper Private Limited this company | ₹58.79 Cr (FY 2021) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| Saradhambika Paper and Board Mills Private Limited | ₹58.69 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Gobichettipalayam, Tamil Nadu, India |
| Geethanjali Paper and Boards P Ltd | ₹58.32 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Asgard Alcobev Limited Listed | ₹58.24 Cr (FY 2025) | •••• | •••• | 14683.0% | •••• | Nashik, Maharashtra, India |
| Naachiar Paper Boards Private Limited | ₹58.16 Cr (FY 2016) | •••• | •••• | -18.0% | •••• | Coimbatore, Tamil Nadu, India |
| Unicrate Packaging Private Limited | ₹58.13 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Medchal, Telangana, India |
Peers are the five companies nearest above and the five nearest below Indian Pulp & Paper by revenue in the Manufacturing industry (Paper), 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 Indian Pulp & Paper Private Limited
Indian Pulp & Paper Private Limited is audited by V S R P & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V S R P & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Indian Pulp & Paper Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Indian Pulp & Paper Private Limited
Open charges
₹273.31 Cr
Satisfied charges
₹89.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2012 | Punjab National Bank | ₹46.16 Cr | Open |
| 06 Mar 2010 | Punjab National Bank | ₹66.3 Cr | Open |
| 26 Dec 2009 | Punjab National Bank | ₹67.1 Cr | Open |
| 24 Dec 2009 | Oriental Bank of Commerce | ₹21.86 Cr | Open |
| 12 Aug 2009 | State Bank of India | ₹21.09 Cr | Open |
Total charge records: 8 View all charges
Deals & Funding of Indian Pulp & Paper Private Limited
Indian Pulp & Paper Private Limited has 9 deals on record (7 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹10.57 Cr; the latest was in March 2018.
Total deals
9
Secondary share transfers
7
Funding round
1
Rights issue
1
Disclosed funding
₹10.57 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Mukta Vanijya Private Limited |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Mukta Vanijya Private Limited |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Kirti Marketing Pvt Ltd, Mukta Vanijya Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Rajshree Vinimay Private Limited , Ganark Commerce Pvt. Ltd. , Mahadeo Suppliers Pvt Ltd Seller: Paramsukh Merchandise Pvt Ltd , Sharddha Jyoti Vanijya P. Ltd, Felicity Finance & Leasing Pvt.Ltd. |
| Mar 2009 | Funding round | ₹10.57 Cr | Investors: Plus Jet Finvest Pvt. Ltd. , Pearl Vinimay Pvt Ltd , Aruna Traders Pvt Ltd |
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Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Indian Pulp & Paper Private Limited
Indian Pulp & Paper Private Limited has 19 court cases on record: 7 filed by Indian Pulp & Paper, 12 filed against it. 8 cases are pending and 11 are disposed.
Total cases
19
Filed by the company
7
Filed against the company
12
Pending
8
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 6 |
| High courts | 5 | 0 | 2 |
| NCLT | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Wires and Fabriks S A Ltd | Pending |
| NCLT, Kolkata | Insolvency matter | Filed against the company by West Bengal State Electricity Distribution Company Limited and 1 other | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kingfisher Complex Pvt Ltd | Disposed |
| District court, Sonepat, Haryana | Commercial suit | Filed against the company by Jasch Industries Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Punjab National Bank | Pending |
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Full case history
All 19 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Indian Pulp & Paper Private Limited
Indian Pulp & Paper Private Limited has a workforce of 141 employees as of Apr 08, 2024.
Employee count
141
Active EPFO establishments
1
Employee growth
-4.73%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Indian Pulp & Paper Private Limited
Indian Pulp & Paper Private Limited has 13 board changes on record since 2006: 5 appointments and 8 cessations. The latest: Avishek Gupta ceased to be Irp/Rp/Liquidator on 23 Jan 2025.
Charges
A charge registered on 19 Feb 2014 via Charge ID 10486820 with Punjab National Bank was fully satisfied on 28 Jan 2025.
Ceased
Avishek Gupta ceased to be Irp/Rp/Liquidator.
Appointed
Kumar Manglam was appointed as Director.
Appointed
Sanjay Kumar Khemka was appointed as Director.
Ceased
Sanjeev Kumar Agarwal ceased to be Director.
Ceased
Shaily Agarwal ceased to be Director.
Appointed
Tilak Raj was appointed as Director.
Ceased
Manish Agarwal ceased to be Director.
AGM
Indian Pulp & Paper Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Indian Pulp & Paper Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Kolkata I.
Ceased
Lal Mohan Agarwal ceased to be Director.
Ceased
Rajeev Agrawal ceased to be Director.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indian Pulp & Paper Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Indian Pulp & Paper Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Indian Pulp & Paper Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Indian Pulp & Paper Private Limited
Indian Pulp & Paper has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCB3814A1Z8 | West Bengal | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Indian Pulp & Paper Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Indian Pulp & Paper Private Limited
Indian Pulp & Paper is an active private limited company based in Kolkata, West Bengal, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 12 April 2004 (22+ years old) and is registered under CIN U21093WB2004PTC098305.
Indian Pulp & Paper reported revenue of ₹58.79 Cr for FY 2021 (down 7% YoY).
Indian Pulp & Paper has 3 current directors:
- Tilak Raj - Director
- Sanjay Kumar Khemka - Director
- Kumar Manglam - Director
Indian Pulp & Paper reported a net loss of ₹13.81 Cr (net margin -23.5%) and EBITDA of -₹2.85 Cr (EBITDA margin -4.9%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indian Pulp & Paper is -17% over three years and -1% over five years. In the latest year (FY 2021) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indian Pulp & Paper is 19AACCB3814A1Z8, registered in West Bengal.
The CIN (Corporate Identification Number) of Indian Pulp & Paper is U21093WB2004PTC098305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Pulp & Paper has 19 court cases on record: 7 filed by the company and 12 filed against it. 8 are pending. Most are in the district courts.
Indian Pulp & Paper was incorporated on 12 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Kolkata.
Indian Pulp & Paper has 9 deals on record (7 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹10.57 Cr; the latest was in March 2018.
The peers of Indian Pulp & Paper by revenue are Lunker Agencies Private Limited, Galaxy Papers Private Limited, Bhasin Industries Pvt Ltd, Sherry Speciality Papers Private Limited, Hardoli Paper Mills Limited and 5 more, all in the Manufacturing industry (Paper).