MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-20-0021352
Paradise Power & Sponge Limited - metals and minerals in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹46.01 Cr
▼ 19% YoY
Net profit · FY 2024
₹37.41 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹2.78 Cr
EBITDA margin 6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹26.48 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
7
Provident fund records
About Paradise Power & Sponge Limited
Data last updated:
Paradise Power & Sponge Limited is a public limited company based in Rajkot, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 11 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28900GJ2017PLC096793. Its GSTIN is 24AAJCP1489L1ZY (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Komalben Vishalbhai Nandasana and Narshibhai Rukhabhai Nandasana.
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 Movaiya Survey No.188/P3 B/H. Essar Petroleum Rajkot – Jamnagar Highway Paddhari, Gujarat, India – 360110.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.01 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹37.41 Lakh (net margin 0.8%) and EBITDA of ₹2.78 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.48 Cr on record.
Paradise Power & Sponge Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0021352). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theparadise.in.
Company details
CIN U28900GJ2017PLC096793
Registration Number 096793
Incorporation Date 11 April 2017
ROC Ahmedabad
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-20-0021352
Key People
Komalben Vishalbhai Nandasana Director Narshibhai Rukhabhai Nandasana Director Vishal Dayabhai Nandasana Director Recognitions & Rankings of Paradise Power & Sponge
Contact details
Paradise Power & Sponge Limited's registered office is in Rajkot, Gujarat. Its website is theparadise.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMovaiya Survey No.188/P3 B/H. Essar Petroleum Rajkot – Jamnagar Highway Paddhari, Gujarat, India – 360110
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Paradise Power & Sponge Limited, buy the company report.
Comprehensive company report
Paradise Power & Sponge 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 Paradise Power & Sponge is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Paradise Power & Sponge Limited, buy the company report.
Financials of Paradise Power & Sponge Limited
FY 2025 filings availableParadise Power & Sponge Limited reported revenue of ₹46.01 Cr (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹46.01 Cr ▼ 19%
Net profit · FY 2024
₹37.41 Lakh margin 0.8%
EBITDA · FY 2024
₹2.78 Cr margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 36%
5 years · compounded
▲ 299%
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA rose 17% 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 |
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| Total Expenses | |||||
| EBITDA | ₹2.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹37.41 Lakh | ||||
| Balance Sheet | |||||
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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 | 6% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Paradise Power & Sponge Limited, buy the company report.
Board of directors of Paradise Power & Sponge Limited
Paradise Power & Sponge has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Komalben Vishalbhai Nandasana | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Narshibhai Rukhabhai Nandasana | Director | 07 Jan 2019 | 7 Years 9 Months | Current |
| Vishal Dayabhai Nandasana Also directs: Paradise Iron Limited | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Kirit Dayalal Nandasana Also directs: Paradise Iron Limited, Jaykirit Industries LLP | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Mansiben Kiritbhai Nandasana | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Vipulbhai Popatbhai Nandasana | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Paradise Power & Sponge Limited is audited by H T A AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H T A AND ASSOCIATES | FY 2023 | 120457W |
Shareholding
The shareholding of Paradise Power & Sponge Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paradise Power & Sponge Limited, buy the company report.
Charges & borrowings
Open charges
₹26.48 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2021 | 100505802 | Others | ₹9.92 Cr | Open | |
| 29 Sep 2021 | 100509109 | Bank of India | ₹9.91 Cr | Open | |
| 27 Jul 2020 | 100360052 | State Bank of India | ₹6.65 Cr | Open |
To see the full charge records of Paradise Power & Sponge Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Paradise Power & Sponge Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Paradise Power & Sponge Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paradise Power & Sponge Limited has a workforce of 7 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
GST
Paradise Power & Sponge has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCP1489L1ZY | Gujarat | Active | 22 Mar 2019 |
To see the full GST registrations and return filing status of Paradise Power & Sponge Limited, buy the company report.
Recent activity
Paradise Power & Sponge Limited has 10 board changes on record since 2017: 8 appointments and 2 cessations. The latest: Kailash Rameshbhai Kanani ceased to be Director on 07 Jan 2019.
AGM
Paradise Power & Sponge Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Paradise Power & Sponge Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Bank Of India of Rs. 9.91 Cr registered on 29 Sep 2021 with Charge ID 100509109 was modified on 13 May 2024.
Charges
A charge with Others amounted to Rs. 9.92 Cr with Charge ID 100505802 was registered on 29 Oct 2021.
Charges
A charge with Bank Of India amounted to Rs. 9.91 Cr with Charge ID 100509109 was registered on 29 Sep 2021.
Charges
A charge with State Bank Of India amounted to Rs. 6.65 Cr with Charge ID 100360052 was registered on 27 Jul 2020.
Ceased
Kailash Rameshbhai Kanani ceased to be Director.
Appointed
Narshibhai Rukhabhai Nandasana was appointed as Director.
Ceased
Rohitkumar Kanani ceased to be Director.
Appointed
Dayabhai Rukhabhai Nandasana was appointed as Director.
Appointed
Kirit Dayalal Nandasana was appointed as Director.
Appointed
Komalben Vishalbhai Nandasana was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Paradise Power & Sponge is an active public limited company based in Rajkot, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 11 April 2017 (9+ years old) and is registered under CIN U28900GJ2017PLC096793.
Paradise Power & Sponge has 7 current directors:
- Komalben Vishalbhai Nandasana - Director
- Narshibhai Rukhabhai Nandasana - Director
- Vishal Dayabhai Nandasana - Director
- Kirit Dayalal Nandasana - Director
- Mansiben Kiritbhai Nandasana - Director
- Vipulbhai Popatbhai Nandasana - Director
- Dayabhai Rukhabhai Nandasana - Director
The latest financial statements of Paradise Power & Sponge 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 FY 2018 are in the company report.
The GSTIN of Paradise Power & Sponge is 24AAJCP1489L1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Paradise Power & Sponge is U28900GJ2017PLC096793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paradise Power & Sponge was incorporated on 11 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kailash Rameshbhai Kanani ceased to be Director on 07 Jan 2019. Narshibhai Rukhabhai Nandasana was appointed as Director on 07 Jan 2019. Rohitkumar Kanani ceased to be Director on 07 Jan 2019. Paradise Power & Sponge has 10 board changes on record in total.
Yes, Paradise Power & Sponge is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-20-0021352).
Paradise Power & Sponge can be reached through the website theparadise.in. Its registered office is in Rajkot, Gujarat, India.
The registered office of Paradise Power & Sponge is at Movaiya Survey No.188P3 BH. Essar Petroleum Rajkot – Jamnagar Highway Paddhari, Gujarat, India – 360110.
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