About Mehali Papers Private Limited
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Mehali Papers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 28 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21093MH2013PTC244937. Its GSTIN is 27AATCS2911A1ZH (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹55 Cr. It was formerly known as Starlight Paper Manufacturing Private Limited. It is led by directors including Ashraf Alibhai Nathani (Managing Director) and Alimohamed Hasanbhai Nathani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 608 Nirman Kendra Famous Studio Lane Off Dr E Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2025, the company reported a revenue of ₹705.64 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹16.95 Cr (net margin -2.4%) and EBITDA of ₹8.14 Cr (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
The company has about 186 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mehali. As per MCA filings, the company has open charges of ₹340.5 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 1 case is pending. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in March 2018. Its 8 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 3 larger and 5 smaller; the largest is Sillverton Industries Limited with revenue of ₹1,008.27 Cr. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 76 overdue payments to 22 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mehali.co.
Company details
Contact details
Mehali Papers Private Limited's registered office is in Mumbai, Maharashtra. Its website is mehali.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address608 Nirman Kendra Famous Studio Lane Off Dr E Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Mehali Papers Private Limited, buy the company report.
- 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
Business activity
The main business activity of Mehali 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 Mehali Papers Private Limited, buy the company report.
Financials of Mehali Papers Private Limited
FY 2025 filings availableMehali Papers Private Limited reported revenue of ₹705.64 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 71% 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 |
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| EBITDA | ₹8.14 Cr | ||||
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| Net Profit (PAT) | -₹16.95 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -2.4% | ||||
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To see the full financial statements and ratios of Mehali Papers Private Limited, buy the company report.
Board of directors of Mehali Papers Private Limited
Mehali Papers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashraf Alibhai Nathani | Managing Director | 28 Jun 2013 | 13 Years 3 Months | Current |
| Alimohamed Hasanbhai Nathani | Whole-Time Director | 28 Jun 2013 | 13 Years 3 Months | Current |
| Mohmadaslam Mohmadbhai Kothari | Whole-Time Director | 01 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Mehali Papers Private Limited is compared with the 8 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), 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 |
|---|---|---|---|---|---|---|
| Sillverton Industries Limited | ₹1,008.27 Cr (FY 2025) | 13.0% | Uttar Pradesh, India | |||
| Gayatrishakti Paper & Boards Limited | ₹886.49 Cr (FY 2024) | -21.0% | Mumbai, Maharashtra, India | |||
| Genus Paper & Boards Limited | ₹865.02 Cr (FY 2025) | 21.0% | Moradabad, Uttar Pradesh, India | |||
| Mehali Papers Private Limitedthis company | ₹705.64 Cr (FY 2025) | -₹16.95 Cr | -2.4% | -1.0% | 186 | Mumbai, Maharashtra, India |
| Bahl Paper Mills Limited | ₹700.39 Cr (FY 2025) | 35.0% | New Delhi, Delhi, India | |||
| Krishna Tissues Private Limited | ₹683.88 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India | |||
| GVG Paper Mills Private Limited | ₹670.22 Cr (FY 2025) | 2.0% | Udumalpet, Tamil Nadu, India | |||
| Dev Priya Products Private Limited | ₹616.22 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Sripathi Paper and Boards Private Limited | ₹594.16 Cr (FY 2025) | 3.0% | Sathyamangalam, Tamil Nadu, India |
To see the full peer comparison of Mehali Papers Private Limited, buy the company report.
Auditor
Mehali Papers Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2024 | 117366W/W-100018 |
Shareholding
The shareholding of Mehali 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 Mehali Papers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2015 | 10607514 | Others | ₹340.5 Cr | Open |
To see the full charge records of Mehali Papers Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mehali Papers Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in March 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Rights issue | ₹20.05 Cr | Investors: 4 individuals |
| Mar 2017 | Rights issue | ₹30 Cr | Investors: 4 individuals |
| Nov 2015 | Rights issue | ₹4.93 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mehali Papers Private Limited has 8 court cases on record: 6 filed by Mehali Papers, 2 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Commissioner of State Tax | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Joint Commissioner (Appeals) SGST | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Deputy Commissioner (Appeals) SGST | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 5 others | Disposed |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Mehali 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.
Credit ratings & regulatory alerts
Mehali Papers Private Limited was last rated by Care on 28 Oct 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Oct 2022 |
To see the full credit ratings and regulatory alerts of Mehali Papers Private Limited, buy the company report.
MSME payment delays
Mehali Papers Private Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 76 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shri Sai Construction | |||
| an individual supplier | |||
| Onyx Hotels Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mehali Papers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mehali Papers Private Limited has a workforce of 186 employees on its EPFO records as of Mar 31, 2025, across 1 active EPFO establishment.
GST
Mehali Papers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AATCS2911A1ZH | Maharashtra | Active | 04 Jul 2023 |
| 24AATCS2911A1ZN | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mehali Papers Private Limited, buy the company report.
Recent activity
Mehali Papers Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Mohmadaslam Mohmadbhai Kothari ceased to be Additional Director on 14 Sep 2019.
Frequently asked questions
Mehali Papers is an active private limited company based in Mumbai, Maharashtra, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 28 June 2013 (13+ years old) and is registered under CIN U21093MH2013PTC244937.
Mehali Papers has 3 current directors:
- Ashraf Alibhai Nathani - Managing Director
- Alimohamed Hasanbhai Nathani - Whole-Time Director
- Mohmadaslam Mohmadbhai Kothari - Whole-Time Director
The latest financial statements of Mehali Papers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mehali Papers is 27AATCS2911A1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AATCS2911A1ZN (Gujarat).
The CIN (Corporate Identification Number) of Mehali Papers is U21093MH2013PTC244937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mehali Papers has 8 court cases on record: 6 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Mehali Papers was incorporated on 28 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Mehali Papers has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in March 2018.
The peers of Mehali Papers by revenue are Sillverton Industries Limited, Gayatrishakti Paper & Boards Limited, Genus Paper & Boards Limited, Bahl Paper Mills Limited, Krishna Tissues Private Limited and 3 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Mohmadaslam Mohmadbhai Kothari ceased to be Additional Director on 14 Sep 2019. Mohmadaslam Mohmadbhai Kothari was appointed as Whole-Time Director on 01 Sep 2019. Alimohamed Hasanbhai Nathani ceased to be Director on 01 Apr 2018. Mehali Papers has 6 board changes on record in total.
Mehali Papers has 19 MSME Form 1 returns on record between 2019 and 2024, listing 76 overdue payments to 22 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Mehali Papers can be reached through the website mehali.co. Its registered office is in Mumbai, Maharashtra, India.