Startup India Government of India
Padcare Labs Private Limited - environment in Mhasla, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.21 Cr
▲ 138% YoY
Net profit · FY 2025
₹1.46 Cr
Net margin 10.3%
EBITDA · FY 2025
₹2.77 Cr
EBITDA margin 19.5%
Authorised capital
₹7.5 Lakh
Registered with MCA
Paid-up capital
₹5.86 Lakh
Issued & subscribed
Open charges
₹9.21 Cr
Satisfied ₹1 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
44
Provident fund records
About Padcare Labs Private Limited
Data last updated:
Padcare Labs Private Limited is a private limited company based in Mhasla, Maharashtra, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 10 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U37100MH2018PTC311712. Its GSTIN is 27AAJCP9734G1ZZ (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹7.5 Lakh and a paid-up capital of ₹5.86 Lakh. It is led by directors including Rekha Vikas Dhariya and Ajinkya Vikas Dhariya.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H No – 1399 Flat No – 102 At – Mhasla Nita Residency, Maharashtra, India – 402105.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.21 Cr, a growth of 138% compared to the previous year. For the same year it recorded a net profit of ₹1.46 Cr (net margin 10.3%) and EBITDA of ₹2.77 Cr (EBITDA margin 19.5%). Revenue has grown at a compounded annual rate (CAGR) of 158% over three years and 114% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PadCareLabs. As per MCA filings, the company has open charges of ₹9.21 Cr and satisfied charges of ₹1 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.87 Cr; the latest was in February 2026. Its 4 peer companies in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services) are compared by revenue, 3 larger and 1 smaller; the largest is Ferro Build Hards (India) Private Limited with revenue of ₹14.5 Cr. The company has 8 MSME Form 1 returns on record between 2021 and 2024, listing 35 overdue payments to 2 micro and small suppliers.
Padcare Labs Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0266081). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website padcarelabs.com.
Company details
CIN U37100MH2018PTC311712
Registration Number 311712
Incorporation Date 10 July 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0266081
CIN history
Padcare Labs has one previous CIN (Corporate Identification Number): U24304MH2018PTC311712. The current CIN is U37100MH2018PTC311712, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U37100MH2018PTC311712 | Current |
| U24304MH2018PTC311712 | Previous |
Key People
Rekha Vikas Dhariya Director Chandrashekher Lala Das Nominee Director Ajinkya Vikas Dhariya Director Recognitions & Rankings of Padcare Labs
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0266081
Contact details
Padcare Labs Private Limited's registered office is in Mhasla, Maharashtra. Its website is padcarelabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH No – 1399 Flat No – 102 At – Mhasla Nita Residency, Maharashtra, India – 402105
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Padcare Labs Private Limited, buy the company report.
Comprehensive company report
Padcare Labs 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Padcare Labs operates one associated brand: PadCareLabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sanitary pad recycling solutions are provided using patented technology. | padcarelabs.com |
Business activity
The main business activity of Padcare Labs is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Padcare Labs Private Limited, buy the company report.
Financials of Padcare Labs Private Limited
FY 2024 filings availablePadcare Labs Private Limited reported revenue of ₹14.21 Cr (up 138% YoY) for FY 2025.
Revenue · FY 2025
₹14.21 Cr ▲ 138%
Net profit · FY 2025
₹1.46 Cr margin 10.3%
EBITDA · FY 2025
₹2.77 Cr margin 19.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 138%
3 years · compounded
▲ 158%
5 years · compounded
▲ 114%
EBITDA CAGR growth
1 year
▲ 330%
3 years · compounded
▲ 165%
5 years · compounded
▲ 125%
Revenue has grown at a compounded annual rate (CAGR) of 114% over five years, including 138% growth in the latest year. EBITDA rose 330% 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 | ₹2.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.46 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 | 19.5% | ||||
| Net Profit Margin | 10.3% | ||||
| 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 Padcare Labs Private Limited, buy the company report.
Board of directors of Padcare Labs Private Limited
Padcare Labs has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rekha Vikas Dhariya | Director | 10 Jul 2018 | 8 Years 3 Months | Current |
| Chandrashekher Lala Das | Nominee Director | 28 Apr 2023 | 3 Years 5 Months | Current |
| Ajinkya Vikas Dhariya | Director | 10 Jul 2018 | 8 Years 3 Months | Current |
Peer comparison
Padcare Labs Private Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ferro Build Hards (India) Private Limited | ₹14.5 Cr (FY 2025) | 50.0% | Uttar Pradesh, India | |||
| Ecogateway Private Limited | ₹14.45 Cr (FY 2024) | 45.0% | Allahabad, Uttar Pradesh, India | |||
| Ecoverva E-Waste Recycling Private Limited | ₹14.23 Cr (FY 2023) | 857.0% | Mini Sectt, Haryana, India | |||
| Padcare Labs Private Limitedthis company | ₹14.21 Cr (FY 2025) | ₹1.46 Cr | 10.3% | 138.0% | 44 | Mhasla, Maharashtra, India |
| Katni MSW Management Private Limited | ₹14.14 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Padcare Labs Private Limited, buy the company report.
Auditor
Padcare Labs Private Limited is audited by BAHETI & SOMANI LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAHETI & SOMANI LLP | FY 2023 | 124298W |
Shareholding
The shareholding of Padcare Labs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Padcare Labs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.21 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101182869 | Others | ₹3 Cr | Open | |
| 17 Sep 2025 | 101177566 | Others | ₹3.5 Cr | Open | |
| 30 May 2025 | 101108606 | Others | ₹2 Cr | Open | |
| 28 May 2025 | 101108596 | Others | ₹71.3 Lakh | Open | |
| 19 Sep 2024 | 100986697 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Padcare Labs Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Padcare Labs Private Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.87 Cr; the latest was in February 2026.
Total deals
6
Funding rounds
3
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹31.87 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Funding round · Pre-Series A | ₹27.22 Cr | Investors: 3One4 Capital, PKRBCV Shroff Trust, Lavni Ventures |
| Dec 2022 | Funding round · Seed | ₹4.15 Cr | Investors: Social Alpha, Angel List, 3i Partners |
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: Social Alpha Seller: an individual |
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Aar Em Ventures - Spectrum Impact Seller: an individual |
| Jul 2021 | Rights issue | ₹24.9 Lakh | Investors: Venture Center |
To see the full deal history of Padcare Labs 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
Padcare Labs Private Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 29 Sep 2026.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Hygiene (India) Private Limited | Pending |
To see the full case history of Padcare Labs 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
Padcare Labs Private Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 35 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avant Edge Business Consulting Private Limited | |||
| Baheti and Somani LLP |
To see the full MSME payment records of Padcare Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Padcare Labs Private Limited has a workforce of 44 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
450%
GST
Padcare Labs has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCP9734G1ZZ | Maharashtra | Active | 16 Apr 2020 |
| 36AAJCP9734G1Z0 | Telangana | Active | 27 Mar 2024 |
| 07AAJCP9734G1Z1 | Delhi | Active | 10 Apr 2024 |
| 29AAJCP9734G1ZV | Karnataka | Active | 21 Apr 2025 |
To see the full GST registrations and return filing status of Padcare Labs Private Limited, buy the company report.
Recent activity
Padcare Labs Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Chandrashekher Lala Das was appointed as Nominee Director on 28 Apr 2023.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 101182869 was registered on 31 Oct 2025.
AGM
Padcare Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 350.00 Lakh with Charge ID 101177566 was registered on 17 Sep 2025.
Charges
A charge registered on 19 Sep 2024 via Charge ID 100986697 with Others was fully satisfied on 25 Jun 2025.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 101108606 was registered on 30 May 2025.
Charges
A charge with Others amounted to Rs. 71.30 Lakh with Charge ID 101108596 was registered on 28 May 2025.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100986697 was registered on 19 Sep 2024.
Filing
Padcare Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Chandrashekher Lala Das was appointed as Nominee Director.
Ceased
Smita Sandeep Kale ceased to be Nominee Director.
Appointed
Ajinkya Vikas Dhariya was appointed as Director.
Appointed
Rekha Vikas Dhariya was appointed as Director.
1 earlier event is in the company report.
News
From our blog
Frequently asked questions
Padcare Labs is an active private limited company based in Mhasla, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 10 July 2018 (8+ years old) and is registered under CIN U37100MH2018PTC311712.
Padcare Labs has 3 current directors:
- Rekha Vikas Dhariya - Director
- Chandrashekher Lala Das - Nominee Director
- Ajinkya Vikas Dhariya - Director
The latest financial statements of Padcare Labs on record with the MCA are for the year ended 31 March 2024. 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 Padcare Labs is 27AAJCP9734G1ZZ, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAJCP9734G1Z0 (Telangana), 07AAJCP9734G1Z1 (Delhi), 29AAJCP9734G1ZV (Karnataka).
The CIN (Corporate Identification Number) of Padcare Labs is U37100MH2018PTC311712. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padcare Labs has 1 court case on record: 1 filed against it. 1 is pending.
Padcare Labs was incorporated on 10 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Padcare Labs has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.87 Cr; the latest was in February 2026.
The peers of Padcare Labs by revenue are Ferro Build Hards (India) Private Limited, Ecogateway Private Limited, Ecoverva E-Waste Recycling Private Limited, Katni MSW Management Private Limited, all in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Chandrashekher Lala Das was appointed as Nominee Director on 28 Apr 2023. Smita Sandeep Kale ceased to be Nominee Director on 01 Apr 2023. Ajinkya Vikas Dhariya was appointed as Director on 10 Jul 2018. Padcare Labs has 4 board changes on record in total.
Yes, Padcare Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Padcare Labs is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0266081).