MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0006771
Padmavati Decor Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹75.58 Cr
▲ 10% YoY
Net profit · FY 2024
₹1.58 Cr
Net margin 2.1%
EBITDA · FY 2024
₹3.3 Cr
EBITDA margin 4.4%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹60 Lakh
Issued & subscribed
Open charges
₹45.82 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
38
Provident fund records
About Padmavati Decor Private Limited
Data last updated:
Padmavati Decor Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 03 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20210MH2005PTC151741. Its GSTIN is 24AADCP5034F3ZQ (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹60 Lakh. It is led by directors Pushpa Suresh Shah (Whole-Time Director) and Sureshbhai Samat Shah (Whole-Time Director).
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.58 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.58 Cr (net margin 2.1%) and EBITDA of ₹3.3 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 5% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.82 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 3 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹59 Lakh; the latest was in April 2023. Its 4 peer companies in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 2 larger and 2 smaller; the largest is Alfa Ica (India) Limited with revenue of ₹79.43 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 280 overdue payments to 24 micro and small suppliers.
Padmavati Decor Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0006771). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website timexveneer.com.
Company details
CIN U20210MH2005PTC151741
Registration Number 151741
Incorporation Date 03 March 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0006771
Recognitions & Rankings of Padmavati Decor
Contact details
Padmavati Decor Private Limited's registered office is in Mumbai, Maharashtra. Its website is timexveneer.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address606 6th Floor Vile Parle Shree Siddhivinayak Sra Chs Ltd Shraddhanand Road Vile Par, Le East, Mumbai, Maharashtra, India – 400057
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Padmavati Decor Private Limited, buy the company report.
Comprehensive company report
Padmavati Decor 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 Padmavati Decor 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 Padmavati Decor Private Limited, buy the company report.
Financials of Padmavati Decor Private Limited
FY 2025 filings availablePadmavati Decor Private Limited reported revenue of ₹75.58 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹75.58 Cr ▲ 10%
Net profit · FY 2024
₹1.58 Cr margin 2.1%
EBITDA · FY 2024
₹3.3 Cr margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 31%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 2%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 10% growth in the latest year. EBITDA rose 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.58 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Padmavati Decor Private Limited, buy the company report.
Board of directors of Padmavati Decor Private Limited
Padmavati Decor has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpa Suresh Shah | Whole-Time Director | 18 Dec 2013 | 12 Years 10 Months | Current |
| Sureshbhai Samat Shah Also directs: JCSM Veneers Private Limited | Whole-Time Director | 03 Mar 2005 | 21 Years 7 Months | Current |
Peer comparison
Padmavati Decor Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), 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 |
|---|---|---|---|---|---|---|
| Alfa Ica (India) Limited | ₹79.43 Cr (FY 2025) | 15.0% | Ahmedabad, Gujarat, India | |||
| Elite Laminates Private Limited | ₹77.95 Cr (FY 2024) | -28.0% | Hyderabad, Telangana, India | |||
| Padmavati Decor Private Limitedthis company | ₹75.58 Cr (FY 2024) | ₹1.58 Cr | 2.1% | 10.0% | 38 | Mumbai, Maharashtra, India |
| Intim Laminates Private Limited | ₹73.36 Cr (FY 2025) | 73.0% | Kolkata, West Bengal, India | |||
| Manmohan Singh Marketing (India) Private Limited | ₹73.18 Cr (FY 2024) | 57.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Padmavati Decor Private Limited, buy the company report.
Auditor
Padmavati Decor Private Limited is audited by B.P Parikh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.P Parikh & Associates | FY 2023 | 107535W |
Shareholding
The shareholding of Padmavati Decor 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 Padmavati Decor Private Limited, buy the company report.
Charges & borrowings
Open charges
₹45.82 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2006 | 10006123 | Others | ₹22.69 Cr | Open | |
| 02 Jun 2006 | 10005110 | Others | ₹23.13 Cr | Open |
To see the full charge records of Padmavati Decor Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Padmavati Decor Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹59 Lakh; the latest was in April 2023.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹59 Lakh
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Suresh S Shah HUF |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Suresh S Shah HUF, an individual Seller: Suresh S Shah HUF, 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jagshi S Shah HUF, 3 individuals |
| Sep 2006 | Funding round | ₹59 Lakh | Investors: Mahabal Trading Private Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Padmavati Decor Private Limited has 4 court cases on record: 2 filed by Padmavati Decor, 2 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S R Nandlal Sons Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by M/S R Nandlal Sons Pvt Ltd Through Its Authorised Representative Mr Basant Panda | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against R Nandlal and Sons, | Pending |
| District court, Valsad, Gujarat | Criminal miscellaneous application | Filed by the company against State of Gujarat Through Agriculture Directorate of Agriculture Gujrat State and 1 other | Disposed |
To see the full case history of Padmavati Decor 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
Padmavati Decor Private Limited was last rated by Icra on 23 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Apr 2021 |
To see the full credit ratings and regulatory alerts of Padmavati Decor Private Limited, buy the company report.
MSME payment delays
Padmavati Decor Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 280 overdue payments to 24 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 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kupsa Coatings Private Limited | |||
| Total Abrasives | |||
| Sri Venkatadri Wood Industries | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Padmavati Decor Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Padmavati Decor Private Limited has a workforce of 38 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
GST
Padmavati Decor has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCP5034F3ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Padmavati Decor Private Limited, buy the company report.
Recent activity
Padmavati Decor Private Limited has 7 board changes on record since 2005: 2 appointments and 5 cessations. The latest: Pushpa Suresh Shah ceased to be Director on 01 Apr 2019.
AGM
Padmavati Decor Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Padmavati Decor Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 2,269.00 Lakh registered on 02 Jun 2006 with Charge ID 10006123 was modified on 10 Nov 2023.
Ceased
Pushpa Suresh Shah ceased to be Director.
Ceased
Sureshbhai Samat Shah ceased to be Whole-Time Director.
Charges
A charge with Others of Rs. 2,313.00 Lakh registered on 02 Jun 2006 with Charge ID 10005110 was modified on 25 Jan 2018.
Appointed
Pushpa Suresh Shah was appointed as Whole-Time Director.
Ceased
Chapsi Samat Gala ceased to be Additional Director.
Ceased
Vallabh Chhaganbhai Bhuva ceased to be Director.
Ceased
Jagshi Samat Shah ceased to be Director.
Charges
A charge with Others amounted to Rs. 2,313.00 Lakh with Charge ID 10005110 was registered on 02 Jun 2006.
Charges
A charge with Others amounted to Rs. 2,269.00 Lakh with Charge ID 10006123 was registered on 02 Jun 2006.
2 earlier events are in the company report.
Frequently asked questions
Padmavati Decor is an active private limited company based in Mumbai, Maharashtra, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 03 March 2005 (21+ years old) and is registered under CIN U20210MH2005PTC151741.
Padmavati Decor has 2 current directors:
- Pushpa Suresh Shah - Whole-Time Director
- Sureshbhai Samat Shah - Whole-Time Director
The latest financial statements of Padmavati Decor 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 2015 are in the company report.
The GSTIN of Padmavati Decor is 24AADCP5034F3ZQ, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Padmavati Decor is U20210MH2005PTC151741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padmavati Decor has 4 court cases on record: 2 filed by the company and 2 filed against it. 3 are pending.
Padmavati Decor was incorporated on 03 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Padmavati Decor has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹59 Lakh; the latest was in April 2023.
The peers of Padmavati Decor by revenue are Alfa Ica (India) Limited, Elite Laminates Private Limited, Intim Laminates Private Limited, Manmohan Singh Marketing (India) Private Limited, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Pushpa Suresh Shah ceased to be Director on 01 Apr 2019. Sureshbhai Samat Shah ceased to be Whole-Time Director on 31 Mar 2019. Pushpa Suresh Shah was appointed as Whole-Time Director on 18 Dec 2013. Padmavati Decor has 7 board changes on record in total.
Yes, Padmavati Decor is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0006771).
Padmavati Decor has 10 MSME Form 1 returns on record between 2019 and 2023, listing 280 overdue payments to 24 micro and small suppliers. The latest return was filed on 30 Aug 2023.