MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0002451
Mahadev Craft Papers Private Limited - manufacturing in Mehsana, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹116.82 Cr
▼ 12% YoY
Net profit · FY 2025
₹3.56 Cr
Net margin 3.1%
EBITDA · FY 2025
₹9.52 Cr
EBITDA margin 8.1%
Authorised capital
₹9.9 Cr
Registered with MCA
Paid-up capital
₹9.89 Cr
Issued & subscribed
Open charges
₹152.57 Cr
Satisfied ₹35.3 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
95
Provident fund records
About Mahadev Craft Papers Private Limited
Data last updated:
Mahadev Craft Papers Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 23 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U37100GJ2018PTC104864. Its GSTIN is 24AAMCM1833E1ZP (Gujarat).
The company has an authorised share capital of ₹9.9 Cr and a paid-up capital of ₹9.89 Cr. It is led by directors including Rajatkumar Bharatkumar Agrawal and Kamleshkumar Panjwani Kishorbhai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No.178 Dhanali Road Village – Ganeshpura Taluka – Kadi Ganeshpura, Mehsana, Gujarat, India – 382705.
As per the financials filed for FY 2025, the company reported a revenue of ₹116.82 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.56 Cr (net margin 3.1%) and EBITDA of ₹9.52 Cr (EBITDA margin 8.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company has about 95 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹152.57 Cr and satisfied charges of ₹35.3 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹9.88 Cr; the latest was in December 2021. Its 6 peer companies in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 2 smaller; the largest is Parijat Paper Mills Limited with revenue of ₹118.26 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2023, listing 60 overdue payments to 53 micro and small suppliers.
Mahadev Craft Papers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0002451). For more details, the company can be reached via its website mahadevcrafts.com.
Company details
CIN U37100GJ2018PTC104864
Registration Number 104864
Incorporation Date 23 October 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0002451
Key People
Rajatkumar Bharatkumar Agrawal Director Kamleshkumar Panjwani Kishorbhai Director Hemantkumar Mahadevbhai Kella Director Recognitions & Rankings of Mahadev Craft Papers
Contact details
Mahadev Craft Papers Private Limited's registered office is in Mehsana, Gujarat. Its website is mahadevcrafts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No.178 Dhanali Road Village – Ganeshpura Taluka – Kadi Ganeshpura, Mehsana, Gujarat, India – 382705
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Mahadev Craft Papers Private Limited, buy the company report.
Comprehensive company report
Mahadev Craft Papers 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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Business activity
The main business activity of Mahadev Craft Papers is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Mahadev Craft Papers Private Limited, buy the company report.
Financials of Mahadev Craft Papers Private Limited
FY 2025 filings availableMahadev Craft Papers Private Limited reported revenue of ₹116.82 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹116.82 Cr ▼ 12%
Net profit · FY 2025
₹3.56 Cr margin 3.1%
EBITDA · FY 2025
₹9.52 Cr margin 8.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▲ 105%
3 years · compounded
▲ 14%
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 12% fall in the latest year. EBITDA rose 105% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.56 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 3.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mahadev Craft Papers Private Limited, buy the company report.
Board of directors of Mahadev Craft Papers Private Limited
Mahadev Craft Papers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajatkumar Bharatkumar Agrawal Also directs: Diti Automobiles Private Limited | Director | 23 Oct 2018 | 8 Years 0 Months | Current |
| Kamleshkumar Panjwani Kishorbhai | Director | 23 Oct 2018 | 8 Years 0 Months | Current |
| Hemantkumar Mahadevbhai Kella Also directs: Kemrije Paper Industries Private Limited, Maheshwari Board Mills Private Limited, Castrochem Private Limited and 2 more | Director | 23 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Mahadev Craft Papers Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Parijat Paper Mills Limited | ₹118.26 Cr (FY 2025) | 14.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Sri M K Paper Mills Private Limited | ₹118.14 Cr (FY 2025) | 24.0% | Nizamabad, Telangana, India | |||
| Excel Industrial Packagings Private Limited | ₹117.46 Cr (FY 2025) | 53.0% | Chennai, Tamil Nadu, India | |||
| Sivadharshini Papers Private Limited | ₹116.98 Cr (FY 2025) | 19.0% | Coimbatore, Tamil Nadu, India | |||
| Mahadev Craft Papers Private Limitedthis company | ₹116.82 Cr (FY 2025) | ₹3.56 Cr | 3.1% | -12.0% | 95 | Mehsana, Gujarat, India |
| Sagar Paper Mills Private Limited | ₹116.28 Cr (FY 2025) | 16.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Sapphire Papers Mill Private Limited | ₹114.77 Cr (FY 2025) | 5.0% | Siliguri, West Bengal, India |
To see the full peer comparison of Mahadev Craft Papers Private Limited, buy the company report.
Auditor
Mahadev Craft Papers Private Limited is audited by TULSIYANI & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TULSIYANI & CO. | FY 2024 | 131097W |
Shareholding
The shareholding of Mahadev Craft Papers Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahadev Craft Papers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹152.57 Cr
Satisfied charges
₹35.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2021 | 100519900 | Hdfc Bank Limited | ₹77.02 Cr | Open | |
| 28 Jun 2021 | 100460936 | Hdfc Bank Limited | ₹75.3 Cr | Open | |
| 02 May 2020 | 100337797 | Bank of India | ₹25 Lakh | Open | |
| 15 Jun 2020 | 100347018 | Others | ₹2.5 Cr | Satisfied | |
| 31 Jul 2019 | 100279273 | Canara Bank | ₹32.8 Cr | Satisfied |
To see the full charge records of Mahadev Craft Papers Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Mahadev Craft Papers Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹9.88 Cr; the latest was in December 2021.
Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹9.88 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tanu Motors Private Limited |
| Mar 2019 | Funding round | ₹9.88 Cr | Investors: Tanu Motors Private Limited , 3 individuals |
To see the full deal history of Mahadev Craft Papers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahadev Craft Papers Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
To see the full case history of Mahadev Craft Papers 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
Mahadev Craft Papers Private Limited has 6 MSME Form 1 returns on record between 2020 and 2023, listing 60 overdue payments to 53 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 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Accuracy Shipping Limited | |||
| an individual supplier | |||
| K K Brown Papers LLP | |||
| Erhardt + Leimer (India) Private Limited | |||
| Ashapura Logistics Limited |
To see the full MSME payment records of Mahadev Craft Papers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahadev Craft Papers Private Limited has a workforce of 95 employees on its EPFO records as of Dec 14, 2024, across 1 active EPFO establishment.
Employee count
95
Active EPFO establishments
1
Employee growth
-1.04%
GST
Mahadev Craft Papers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCM1833E1ZP | Gujarat | Active | 28 Nov 2018 |
To see the full GST registrations and return filing status of Mahadev Craft Papers Private Limited, buy the company report.
Recent activity
Mahadev Craft Papers Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Raju Ramani Jethanand ceased to be Director on 01 Jun 2024.
AGM
Mahadev Craft Papers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 77.02 Cr registered on 24 Dec 2021 with Charge ID 100519900 was modified on 09 Jun 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 75.30 Cr registered on 28 Jun 2021 with Charge ID 100460936 was modified on 04 Jun 2025.
Filing
Mahadev Craft Papers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Raju Ramani Jethanand ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 77.02 Cr with Charge ID 100519900 was registered on 24 Dec 2021.
Ceased
Piyushkumar Bhavanishankar Trivedi ceased to be Director.
Charges
A charge registered on 15 Jun 2020 via Charge ID 100347018 with Others was fully satisfied on 02 Sep 2021.
Charges
A charge registered on 31 Jul 2019 via Charge ID 100279273 with Canara Bank was fully satisfied on 02 Sep 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 75.30 Cr with Charge ID 100460936 was registered on 28 Jun 2021.
Charges
A charge with Canara Bank of Rs. 32.80 Cr registered on 31 Jul 2019 with Charge ID 100279273 was modified on 01 Dec 2020.
Charges
A charge with Others amounted to Rs. 2.50 Cr with Charge ID 100347018 was registered on 15 Jun 2020.
6 earlier events are in the company report.
Frequently asked questions
Mahadev Craft Papers is an active private limited company based in Mehsana, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 23 October 2018 (8+ years old) and is registered under CIN U37100GJ2018PTC104864.
Mahadev Craft Papers has 3 current directors:
- Rajatkumar Bharatkumar Agrawal - Director
- Kamleshkumar Panjwani Kishorbhai - Director
- Hemantkumar Mahadevbhai Kella - Director
The latest financial statements of Mahadev Craft Papers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Mahadev Craft Papers is 24AAMCM1833E1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahadev Craft Papers is U37100GJ2018PTC104864. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahadev Craft Papers has 1 court case on record: 1 filed against it.
Mahadev Craft Papers was incorporated on 23 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mahadev Craft Papers has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹9.88 Cr; the latest was in December 2021.
The peers of Mahadev Craft Papers by revenue are Parijat Paper Mills Limited, Sri M K Paper Mills Private Limited, Excel Industrial Packagings Private Limited, Sivadharshini Papers Private Limited, Sagar Paper Mills Private Limited and 1 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Raju Ramani Jethanand ceased to be Director on 01 Jun 2024. Piyushkumar Bhavanishankar Trivedi ceased to be Director on 04 Oct 2021. Hemantkumar Mahadevbhai Kella was appointed as Director on 23 Oct 2018. Mahadev Craft Papers has 5 board changes on record in total.
Yes, Mahadev Craft Papers is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0002451).
Mahadev Craft Papers has 6 MSME Form 1 returns on record between 2020 and 2023, listing 60 overdue payments to 53 micro and small suppliers. The latest return was filed on 29 Apr 2023.
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