About Octopus Papers Limited
Data last updated:
Octopus Papers Limited is a public limited company based in Valsad, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the office and school supplies segment of the education sector. It was incorporated on 19 March 2007.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21093GJ2007PLC050283. Its GSTIN is 24AAACO9057A2ZQ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹4.59 Cr. It was formerly known as Octopus Papers Private Limited. It is led by directors Vishal Bharatkumar Khara (Managing Director) and Uttam Amratlal Jain.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 40 Damanganga Industrial Park, Valsad, Gujarat.
As per the financials filed for FY 2019, the company reported a revenue of ₹12.58 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹2.84 Cr (net margin -22.5%) and EBITDA of -₹1.92 Cr (EBITDA margin -15.3%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years.
As per MCA filings, the company has open charges of ₹15.4 Cr and satisfied charges of ₹1.8 Cr on record. Court records list 15 cases involving the company, including 8 filed by the company and 7 filed against it; 4 cases are pending.
The last known website on record is octopuspapersltd.com.
Company details
CIN history
Octopus Papers has one previous CIN (Corporate Identification Number): U21093GJ2007PTC050283. The current CIN is U21093GJ2007PLC050283, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21093GJ2007PLC050283 | Current |
| U21093GJ2007PTC050283 | Previous |
Contact details
Octopus Papers Limited's registered office is in Valsad, Gujarat. Its website is octopuspapersltd.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 40 Damanganga Industrial Park Near Noor Weigh Bridge Degam Road Taluka – Pardi, Vapi, Valsad, Gujarat, India – 396195
- IndustryEducation, Office & School Supplies
To see the full contact details of Octopus Papers 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 Octopus 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 Octopus Papers Limited, buy the company report.
Financials of Octopus Papers Limited
FY 2019 filings availableOctopus Papers Limited reported revenue of ₹12.58 Cr (down 53% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over three years, including a 53% fall in the latest year. EBITDA fell 306% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.3% | ||||
| Net Profit Margin | -22.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Octopus Papers Limited, buy the company report.
Board of directors and KMP of Octopus Papers Limited
Octopus Papers Limited currently reports 2 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Vishal Khara | Cfo | 05 Aug 2015 | 11 Years 3 Months | As last reported |
| Vishal Bharatkumar Khara | Managing Director | 19 Mar 2007 | 19 Years 7 Months | As last reported |
| Uttam Amratlal Jain | Director | 06 Aug 2015 | 11 Years 3 Months | As last reported |
Peer comparison
Octopus Papers Limited is compared with the 3 companies closest to it by revenue in the Education industry (Office and School Supplies), 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 |
|---|---|---|---|---|---|---|
| Goodluck Stationers Private Limited | ₹12.65 Cr (FY 2024) | Kolhapur, Maharashtra, India | ||||
| Octopus Papers Limitedthis company | ₹12.58 Cr (FY 2019) | -₹2.84 Cr | -22.5% | -53.0% | Valsad, Gujarat, India | |
| Prabhat Packaging Private Limited | ₹12.44 Cr (FY 2025) | 2.0% | Mathura, Uttar Pradesh, India | |||
| Vikas Pencil Manufacturers Private Limited | ₹12.44 Cr (FY 2025) | -23.0% | Delhi, India |
To see the full peer comparison of Octopus Papers Limited, buy the company report.
Auditor
Octopus Papers Limited is audited by PATEL PUROHIT & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL PUROHIT & ASSOCIATES | FY 2019 | 138905W |
Shareholding
The shareholding of Octopus Papers Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Octopus Papers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2015 | 10619561 | Central Bank of India | ₹3 Cr | Open | |
| 31 Jul 2013 | 10447638 | Central Bank of India | ₹12.4 Cr | Open | |
| 22 Mar 2010 | 10213382 | Idbi Bank Limited | ₹1 Cr | Satisfied | |
| 28 Sep 2007 | 10073103 | Bank of Baroda | ₹40 Lakh | Satisfied | |
| 26 Jul 2007 | 10067601 | Bank of Baroda | ₹40 Lakh | Satisfied |
To see the full charge records of Octopus Papers Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Octopus Papers Limited has 15 court cases on record: 8 filed by Octopus Papers, 7 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 10 | 2 | 3 |
| District courts | 4 | 4 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Octopus Eduflex Private Limited and 15 others | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed against the company by M/S. Shah Paper Mills Ltd. Authorised Ashok Z Shah | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Vaishali Bharat Khara S/D/W/Thru:- Bharat Khara A/1, Avenue Park, Opp. Lions Blood Bank, Gunjan, G.I.D.C., Vapi, Pardi, Valsad, Gujarat , District: Valsad ,Valsad , Gujarat | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against individuals | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Central Bank of India | Pending |
To see the full case history of Octopus Papers 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
Octopus Papers Limited was last rated by Care on 06 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jan 2026 |
To see the full credit ratings and regulatory alerts of Octopus Papers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Octopus Papers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Octopus Papers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACO9057A2ZQ | Gujarat | Active | 11 Dec 2020 |
To see the full GST registrations and return filing status of Octopus Papers Limited, buy the company report.
Recent activity
Octopus Papers Limited has 10 board changes on record since 2007: 3 appointments and 7 cessations. The latest: Mohan Bhalchandra Deo ceased to be Director on 28 Mar 2019.
10 earlier events are in the company report.
Frequently asked questions
Octopus Papers is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Octopus Papers is a company under liquidation, formerly operating as a public limited company based in Valsad, Gujarat, India. The company works in office and school supplies, within the education industry. It was incorporated on 19 March 2007 and is registered under CIN U21093GJ2007PLC050283. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Octopus Papers has 3 current directors and KMP:
- Vishal Bharatkumar Khara - Managing Director
- Uttam Amratlal Jain - Director
- Jyoti Vishal Khara - Cfo
The latest financial statements of Octopus Papers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Octopus Papers is U21093GJ2007PLC050283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Octopus Papers has open charges of ₹15.4 Cr and satisfied charges of ₹1.8 Cr as per latest MCA filings.
Octopus Papers has 15 court cases on record: 8 filed by the company and 7 filed against it. 4 are pending. Most are in the nclt.
Octopus Papers was incorporated on 19 March 2007. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Octopus Papers by revenue are Goodluck Stationers Private Limited, Prabhat Packaging Private Limited, Vikas Pencil Manufacturers Private Limited, all in the Education industry (Office and School Supplies), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Mohan Bhalchandra Deo ceased to be Director on 28 Mar 2019. Ravindra Rathi Lal Vyas ceased to be Director on 26 Nov 2018. Anandkumar Tarachand Jain ceased to be Company Secretary on 30 Oct 2016. Octopus Papers has 10 board changes on record in total.
Octopus Papers can be reached through the website octopuspapersltd.com. Its registered office is in Valsad, Gujarat, India.
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