About Pel Industries Limited
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Pel Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 06 March 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ1997PLC031852. Its GSTIN is 26AAECP2220N1ZG (Dadra and Nagar Haveli and Daman and Diu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹15 Cr. It was formerly known as Pankaj Industries Limited and Pankaj Extrusions Limited. It is led by directors including Jayesh Harakhchand Shah (Managing Director) and Vritti Jayesh Shah.
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 1/3 Himalaya Park Nr. Income Tax Office Nr. New Rbi Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.48 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹2.27 Cr and EBITDA of -₹20.43 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 77% over five years.
As per MCA filings, the company has open charges of ₹190.68 Cr and satisfied charges of ₹122.12 Cr on record. Court records list 75 cases involving the company, including 32 filed by the company and 43 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pankaj.co.in.
Company details
Name history
Pel Industries has undergone 2 name changes throughout its history. The company was previously known as Pankaj Industries Limited, and Pankaj Extrusions Limited. The current legal name is Pel Industries Limited.
| Company Name | Status |
|---|---|
| Pel Industries Limited | Current |
| Pankaj Industries Limited | Previous |
| Pankaj Extrusions Limited | Previous |
Contact details
Pel Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is pankaj.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1/3 Himalaya Park Nr. Income Tax Office Nr. New Rbi Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Pel Industries 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 Pel Industries is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Pel Industries Limited, buy the company report.
Financials of Pel Industries Limited
FY 2025 filings availablePel Industries Limited reported revenue of ₹3.48 Lakh (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 77% over five years, including a 10% fall in the latest year. EBITDA rose 66% 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 | -₹20.43 Lakh | ||||
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| Net Profit (PAT) | -₹2.27 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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To see the full financial statements and ratios of Pel Industries Limited, buy the company report.
Board of directors of Pel Industries Limited
Pel Industries has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vritti Jayesh Shah | Director | 20 Jan 2020 | 6 Years 9 Months | Current |
| Kalpeshkumar Vasudev Bhatt | Director | 28 Apr 2016 | 10 Years 5 Months | Current |
| Jayesh Harakhchand Shah | Managing Director | 06 Mar 1997 | 29 Years 7 Months | Current |
Auditor
Pel Industries Limited is audited by Vinesh Mehta & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinesh Mehta & Co | FY 2023 | 115449W |
Shareholding
The shareholding of Pel Industries 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 Pel Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2018 | 100207946 | Others | ₹48 Cr | Open | |
| 15 May 2006 | 10003914 | Others | ₹71.17 Cr | Open | |
| 15 May 2006 | 10003958 | Others | ₹34 Lakh | Open | |
| 15 May 2006 | 10003918 | Others | ₹71.17 Cr | Open | |
| 10 Oct 2011 | 10318714 | State Bank of India | ₹53.72 Cr | Satisfied |
To see the full charge records of Pel Industries Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Pel Industries Limited has 75 court cases on record: 32 filed by Pel Industries, 43 filed against it. 6 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 15 | 5 |
| District courts | 34 | 28 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Paisalo Digital Ltd Formerly Known As Seinvestments Ltd and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 1 other | Pending |
| Bombay High Court | Court case (COMEX) | Filed against the company by Paisalo Digital Ltd (Formerly Known As S.E.Investments Ltd) and 1 other | Pending |
| District court, Silvassa, The Dadra And Nagar Haveli And Daman And Diu | Court case (OTH. MISC.APPLI. CRI) | Filed against the company by JM Financial Asset Reconstruction Company Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against J.M. Financial Asset Reconstruction Company Ltd. and 2 others | Disposed |
To see the full case history of Pel Industries 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
No delayed payments to MSME suppliers are on our record for Pel Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pel Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAECP2220N1ZG | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pel Industries Limited, buy the company report.
Recent activity
Pel Industries Limited has 12 board changes on record since 1997: 3 appointments and 9 cessations. The latest: Kalpeshkumar Vasudev Bhatt ceased to be Additional Director on 30 Nov 2021.
28 earlier events are in the company report.
Frequently asked questions
Pel Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 06 March 1997 (29+ years old) and is registered under CIN U27100GJ1997PLC031852.
Pel Industries has 3 current directors:
- Jayesh Harakhchand Shah - Managing Director
- Vritti Jayesh Shah - Director
- Kalpeshkumar Vasudev Bhatt - Director
The latest financial statements of Pel Industries 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 Pel Industries is 26AAECP2220N1ZG, registered in Dadra and Nagar Haveli and Daman and Diu. 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 Pel Industries is U27100GJ1997PLC031852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pel Industries has 75 court cases on record: 32 filed by the company and 43 filed against it. 6 are pending. Most are in the high courts.
Pel Industries was incorporated on 06 March 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kalpeshkumar Vasudev Bhatt ceased to be Additional Director on 30 Nov 2021. Vritti Jayesh Shah ceased to be Additional Director on 30 Nov 2021. Anju Vijay Sethia ceased to be Additional Director on 20 Jan 2020. Pel Industries has 12 board changes on record in total.
Pel Industries can be reached through the website pankaj.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Pel Industries is at 13 Himalaya Park Nr. Income Tax Office Nr. New Rbi Ashram Road, Ahmedabad, Gujarat, India – 380009.