About Madhya Bharat Papers Limited
Data last updated:
Madhya Bharat Papers Limited is a public limited company based in Janjgir-Champa, Chattisgarh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 14 November 1980.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN L21012CT1980PLC001682. The company has 4 GST registrations on record, none of which is active. It is a listed company.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹3.41 Cr. It is led by directors including Jaydeep Chitlangia (Managing Director) and Manoj Ranjan.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Village Birgahni Rly P.O. Champa Janjgir India, Janjgir Champa, Chattisgarh, India – 495671.
As per the financials filed for FY 2023, the company reported a revenue of ₹62.68 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹94.05 Lakh (net margin -150%) and EBITDA of ₹5.87 Lakh (EBITDA margin 9.4%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 56% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹68.74 Cr on record. Court records list 66 cases involving the company, including 39 filed by the company and 25 filed against it; 16 cases are pending.
The last known website on record is mbpl.in.
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- Registered AddressVillage Birgahni Rly P.O. Champa Janjgir India, Janjgir Champa, Chattisgarh, India – 495671
- IndustryManufacturing, Paper & Packaging Products
- 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
- One PDF report, delivered after checkout
Financials of Madhya Bharat Papers Limited FY 2023 filings available
Madhya Bharat Papers Limited reported revenue of ₹62.68 Lakh (down 54% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Madhya Bharat Papers Limited
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years, including a 54% fall in the latest year. EBITDA rose 103% 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 Madhya Bharat Papers Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹62.68 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹94.05 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 of Madhya Bharat Papers Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -150% | •••• | •••• | •••• | •••• |
| 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 Madhya Bharat Papers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Madhya Bharat Papers Limited
Madhya Bharat Papers Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paper, Thermal Power Plants). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhagabati Paper Company Pvt.Ltd. | ₹64.15 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
| Durga Duplex Mills Private Limited | ₹64.11 Lakh (FY 2025) | •••• | •••• | 160178.0% | •••• | Punjab, India |
| Ujjawal Paper Private Limited | ₹63.61 Lakh (FY 2025) | •••• | •••• | -95.0% | •••• | New Delhi, Delhi, India |
| Aryavart Paper Mills Limited | ₹63.32 Lakh (FY 2024) | •••• | •••• | 69.0% | •••• | Laxmi Nagar, Delhi, India |
| Paper Dragon Studio Private Limited | ₹63.27 Lakh (FY 2024) | •••• | •••• | -57.0% | •••• | New Delhi, Delhi, India |
| Madhya Bharat Papers Limited this company | ₹62.68 Lakh (FY 2023) | •••• | •••• | -54.0% | •••• | Janjgir-Champa, Chattisgarh, India |
| Expert Paper Packs Pvt Ltd | ₹62.61 Lakh (FY 2024) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| R K Paper Industries Private Limited | ₹61.91 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Haryana Coated Papers Limited | ₹61.27 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Futuretrends Paper Industries Private Limited | ₹60.79 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Bilaspur, Chattisgarh, India |
| Greenzee Papers Private Limited | ₹60.72 Lakh (FY 2018) | •••• | •••• | •••• | Vijayawada, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Madhya Bharat Papers by revenue in the Manufacturing industry (Paper, Thermal Power Plants), 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 Madhya Bharat Papers Limited
Madhya Bharat Papers Limited is audited by G.P. AGRAWAL & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G.P. AGRAWAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Madhya Bharat Papers Limited
Madhya Bharat Papers Limited currently reports 3 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Ranjan | Director | 22 Aug 2019 | 7 Years 1 Months | As last reported |
| Mohammed Kamran | Director | 14 Mar 2022 | 4 Years 6 Months | As last reported |
| Jagdish Dua | Cfo | 10 Feb 2021 | 5 Years 7 Months | As last reported |
| Jaydeep Chitlangia Also directs: Sujay Management Services LLP, Chitperi Farm Pvt Ltd. | Managing Director | 19 Aug 1989 | 37 Years 1 Months | As last reported |
Ownership and Shareholding of Madhya Bharat Papers Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Madhya Bharat Papers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 May 2014 | State Bank of India | ₹6.5 Cr | Satisfied |
| 11 Jan 2002 | Industrial Development Bank of India | ₹11 Cr | Satisfied |
| 27 Mar 2000 | Western India Trustee & Executor Co. Ltd. | ₹6 Cr | Satisfied |
| 18 Apr 1996 | The Industrial Credit & Investment Corporation of India Ltd. | ₹22.24 Cr | Satisfied |
| 05 Aug 1995 | The Industrial Credit & Investment Corporation of India Ltd. | ₹11 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Madhya Bharat Papers Limited
Madhya Bharat Papers Limited has 66 court cases on record: 39 filed by Madhya Bharat Papers, 25 filed against it, 2 where it is another party. 16 cases are pending and 50 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 9 | 7 |
| District courts | 14 | 5 | 7 |
| NCLAT | 9 | 9 | 0 |
| NCLT | 3 | 2 | 2 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (AP-COM) | Filed against the company by The Oriental Insurance Company Limited | Pending |
| NCLT, Cuttack | Insolvency matter | Filed against the company by Grasim Industries Ltd | Pending |
| NCLT, Cuttack | Insolvency matter | Filed by the company against Grasim Industries Ltd | Pending |
| Calcutta High Court | Court case (EC) | Filed by the company against The Oriental Insurance Company Limited | Disposed |
| High Court of Chhattisgarh | Revision petition | Filed against the company by S.K.S. Enterprises | Pending |
Full case history
All 66 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Madhya Bharat Papers Limited
Madhya Bharat Papers Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 60 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Krishna Speciality Chemicals Private Limited | •••• | •••• | •••• |
| Sood Resins and Polymers | •••• | •••• | •••• |
| Cubane Speciality Chemicals Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Madhya Bharat Papers Limited
Madhya Bharat Papers Limited has a workforce of 6 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Madhya Bharat Papers Limited
Madhya Bharat Papers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L21012CT1980PLC001682, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L21012CT1980PLC001682 | Current |
| U21012CT1980PLC001682 | Previous |
| L21012MP1980PLC001682 | Previous |
Recent Activity on Madhya Bharat Papers Limited
Madhya Bharat Papers Limited has 30 board changes on record since 1981: 17 appointments and 13 cessations. The latest: Surabhi Maheshwari ceased to be Director on 14 May 2025.
42 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Madhya Bharat Papers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Madhya Bharat Papers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Madhya Bharat Papers Limited
Madhya Bharat Papers has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Madhya Bharat Papers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Madhya Bharat Papers Limited
Madhya Bharat Papers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Madhya Bharat Papers is a company under insolvency, formerly operating as a public limited company based in Janjgir-Champa, Chattisgarh, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 14 November 1980 and is registered under CIN L21012CT1980PLC001682. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Madhya Bharat Papers reported revenue of ₹62.68 Lakh for FY 2023 (down 54% YoY).
Madhya Bharat Papers has 4 current directors and KMP:
- Jaydeep Chitlangia - Managing Director
- Manoj Ranjan - Director
- Mohammed Kamran - Director
- Jagdish Dua - Cfo
Madhya Bharat Papers reported a net loss of ₹94.05 Lakh (net margin -150%) and EBITDA of ₹5.87 Lakh (EBITDA margin 9.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Madhya Bharat Papers is -78% over three years and -56% over five years. In the latest year (FY 2023) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Madhya Bharat Papers is L21012CT1980PLC001682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Madhya Bharat Papers is a listed company.
Madhya Bharat Papers has no open charges and satisfied charges of ₹68.74 Cr as per latest MCA filings.
Madhya Bharat Papers has 66 court cases on record: 39 filed by the company and 25 filed against it. 16 are pending. Most are in the high courts.
Madhya Bharat Papers was incorporated on 14 November 1980. It is registered with the Registrar of Companies, Chhattisgarh.
The peers of Madhya Bharat Papers by revenue are Bhagabati Paper Company Pvt.Ltd, Durga Duplex Mills Private Limited, Ujjawal Paper Private Limited, Aryavart Paper Mills Limited, Paper Dragon Studio Private Limited and 5 more, all in the Manufacturing industry (Paper, Thermal Power Plants).