About Passi Leather Products Private Limited
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Passi Leather Products Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 30 July 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U19129DL2003PTC121549. Its GSTIN is 07AADCP0097J1ZA (Delhi).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹21.5 Lakh. It is led by directors Ravinder Passi and Tapan Barai.
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 B – 21 Mansa Ram Park Uttam Nagar, New Delhi, Delhi, India – 110059.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.25 Cr. For the same year it recorded a net profit of ₹77,220 (net margin 0.6%) and EBITDA of ₹2.22 Lakh (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 14% over five years.
As per MCA filings, the company has satisfied charges of ₹1.75 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 4 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 passileather.com.
Company details
Contact details
Passi Leather Products Private Limited's registered office is in New Delhi, Delhi. Its website is passileather.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 21 Mansa Ram Park Uttam Nagar, New Delhi, Delhi, India – 110059
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Passi Leather Products Private 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 Passi Leather Products is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Passi Leather Products Private Limited, buy the company report.
Financials of Passi Leather Products Private Limited
FY 2025 filings availablePassi Leather Products Private Limited reported revenue of ₹1.25 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years. EBITDA rose 3% 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 | ₹2.22 Lakh | ||||
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| Net Profit (PAT) | ₹77,220 | ||||
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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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| Profitability | |||||
| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Passi Leather Products Private Limited, buy the company report.
Board of directors of Passi Leather Products Private Limited
Passi Leather Products has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravinder Passi | Director | 30 Jul 2003 | 23 Years 3 Months | Current |
| Tapan Barai | Additional Director | 27 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Passi Leather Products Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Leather, Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vasu Leathers Pvt Ltd | ₹1.3 Cr (FY 2025) | 7.0% | Jalandhar, Punjab, India | |||
| Sarvesh Exports Private Limited | ₹1.29 Cr (FY 2024) | 18.0% | New Delhi, Delhi, India | |||
| Rakesh Flock Fibre Private Limited | ₹1.27 Cr (FY 2025) | -11.0% | Navi Mumbai, Maharashtra, India | |||
| Hansa Leder Private Limited | ₹1.26 Cr (FY 2024) | 14.0% | Hyderabad, Telangana, India | |||
| Passi Leather Products Private Limitedthis company | ₹1.25 Cr (FY 2025) | ₹77,220 | 0.6% | New Delhi, Delhi, India | ||
| Mubeen Ahmed and Sons Leather Exports Private Limited | ₹1.25 Cr (FY 2024) | -26.0% | Chennai, Tamil Nadu, India | |||
| Boom India (Manufacturing and Trading) Private Limited | ₹1.24 Cr (FY 2024) | 1.0% | Jalandhar, Punjab, India | |||
| Indopelli Global Private Limited | ₹1.21 Cr (FY 2025) | 5.0% | Vellore, Tamil Nadu, India |
To see the full peer comparison of Passi Leather Products Private Limited, buy the company report.
Auditor
Passi Leather Products Private Limited is audited by D J S & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D J S & CO | FY 2021 | 007188N |
Shareholding
The shareholding of Passi Leather Products Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Passi Leather Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2003 | 90055095 | State Bank of Patiala | ₹1.75 Cr | Satisfied |
To see the full charge records of Passi Leather Products Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Passi Leather Products Private Limited has 12 court cases on record: 5 filed by Passi Leather Products, 7 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 6 | 3 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by Ap Leather Co Pvt Ltd | Pending |
| High Court of Delhi | Appeal | Filed by the company against Interworld Cargo Care Private Limited | Pending |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against Inter World Cargo Care Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Revision petition | Filed against the company by Inter World Cargo Care Pvt Ltd | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed by the company against Indiabulls Financial Services Ltd | Disposed |
To see the full case history of Passi Leather Products 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
No delayed payments to MSME suppliers are on our record for Passi Leather Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Passi Leather Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCP0097J1ZA | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Passi Leather Products Private Limited, buy the company report.
Recent activity
Passi Leather Products Private Limited has 5 board changes on record since 2003: 2 appointments and 3 cessations. The latest: Madan Mohan Bhardwaj ceased to be Director on 29 Nov 2024.
Frequently asked questions
Passi Leather Products is an active private limited company based in New Delhi, Delhi, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 30 July 2003 (23+ years old) and is registered under CIN U19129DL2003PTC121549.
Passi Leather Products has 2 current directors:
- Ravinder Passi - Director
- Tapan Barai - Additional Director
The latest financial statements of Passi Leather Products 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 Passi Leather Products is 07AADCP0097J1ZA, registered in Delhi.
The CIN (Corporate Identification Number) of Passi Leather Products is U19129DL2003PTC121549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Passi Leather Products has 12 court cases on record: 5 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Passi Leather Products was incorporated on 30 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Passi Leather Products by revenue are Vasu Leathers Pvt Ltd, Sarvesh Exports Private Limited, Rakesh Flock Fibre Private Limited, Hansa Leder Private Limited, Mubeen Ahmed and Sons Leather Exports Private Limited and 2 more, all in the Consumer Products industry (Leather, Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Madan Mohan Bhardwaj ceased to be Director on 29 Nov 2024. Tapan Barai was appointed as Additional Director on 27 Nov 2024. Paras Jain ceased to be Additional Director on 10 Aug 2013. Passi Leather Products has 5 board changes on record in total.
Passi Leather Products can be reached through the website passileather.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Passi Leather Products is at B – 21 Mansa Ram Park Uttam Nagar, New Delhi, Delhi, India – 110059.
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