MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KL-02-0020775
Patel Veneers Private Limited - manufacturing in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.11 Cr
▲ 28% YoY
Net profit · FY 2023
₹15.65 Lakh
Net margin 2.2%
EBITDA · FY 2023
₹55.27 Lakh
EBITDA margin 7.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹48.71 Lakh
Issued & subscribed
Open charges
₹6.58 Cr
Satisfied ₹11.99 Cr
Company age
49 yrs
Est. 1977
Directors on board
3
As per MCA filings
About Patel Veneers Private Limited
Data last updated:
Patel Veneers Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 19 October 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U20211KL1977PTC002930. Its GSTIN is 32AABCP0056D1Z5 (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹48.71 Lakh. It is led by directors including Vinod Babulal Patel and Bharat Kantilal Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 2nd Floor Suite No 205 &206 Pioneer Towers Marine Drive, Ernakulam, Kerala, India – 682031.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.11 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹15.65 Lakh (net margin 2.2%) and EBITDA of ₹55.27 Lakh (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹6.58 Cr and satisfied charges of ₹11.99 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it.
Patel Veneers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0020775). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website patelveneers.com.
Company details
CIN U20211KL1977PTC002930
Registration Number 002930
Incorporation Date 19 October 1977
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KL-02-0020775
Key People
Vinod Babulal Patel Director Bharat Kantilal Patel Director Mitesh Kantilal Patel Director Recognitions & Rankings of Patel Veneers
Contact details
Patel Veneers Private Limited's registered office is in Ernakulam, Kerala. Its website is patelveneers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Suite No 205 &206 Pioneer Towers Marine Drive, Ernakulam, Kerala, India – 682031
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Patel Veneers Private Limited, buy the company report.
Comprehensive company report
Patel Veneers 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 Patel Veneers 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 Patel Veneers Private Limited, buy the company report.
Financials of Patel Veneers Private Limited
FY 2023 filings availablePatel Veneers Private Limited reported revenue of ₹7.11 Cr (up 28% YoY) for FY 2023.
Revenue · FY 2023
₹7.11 Cr ▲ 28%
Net profit · FY 2023
₹15.65 Lakh margin 2.2%
EBITDA · FY 2023
₹55.27 Lakh margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 13%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 63%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 28% growth in the latest year. EBITDA rose 36% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹55.27 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.65 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 2.2% | ||||
| 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 Patel Veneers Private Limited, buy the company report.
Board of directors of Patel Veneers Private Limited
Patel Veneers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Babulal Patel | Director | 01 Oct 1992 | 34 Years 0 Months | Current |
| Bharat Kantilal Patel | Director | 31 Mar 1984 | 42 Years 6 Months | Current |
| Mitesh Kantilal Patel | Director | 06 Apr 2009 | 17 Years 6 Months | Current |
Peer comparison
Patel Veneers Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Saan Boards Private Limited | ₹7.19 Cr (FY 2025) | 7.0% | Jaipur, Rajasthan, India | |||
| Analco (India) Private Ltd | ₹7.19 Cr (FY 2021) | -38.0% | Delhi, India | |||
| Pasand Plywood Private Limited | ₹7.19 Cr (FY 2024) | -28.0% | New Delhi, Delhi, India | |||
| N R Plywood Private Limited | ₹7.15 Cr (FY 2025) | 81.0% | Hoshiarpur, Punjab, India | |||
| Patel Veneers Private Limitedthis company | ₹7.11 Cr (FY 2023) | ₹15.65 Lakh | 2.2% | 28.0% | Ernakulam, Kerala, India | |
| Shree Laxmi Wooden Furnishers and Interiors Private Limited | ₹7.1 Cr (FY 2024) | -22.0% | Delhi, India | |||
| Doors N Doors Decobuild Private Limited | ₹7.08 Cr (FY 2025) | 38.0% | Udaipur, Rajasthan, India | |||
| SLK Progressive Veneer Private Limited | ₹7.07 Cr (FY 2024) | -41.0% | Rajhat, West Bengal, India | |||
| Aravind Woods Private Limited | ₹7.06 Cr (FY 2020) | -7.0% | Chennai, Tamil Nadu, India | |||
| Rini Particle Boards Private Limited | ₹7.05 Cr (FY 2025) | -55.0% | Morbi, Gujarat, India |
To see the full peer comparison of Patel Veneers Private Limited, buy the company report.
Auditor
Patel Veneers Private Limited is audited by ASA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA & ASSOCIATES | FY 2022 | 009571N |
Shareholding
The shareholding of Patel Veneers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Patel Veneers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.58 Cr
Satisfied charges
₹11.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2025 | 101221416 | Indian Bank | ₹17 Lakh | Open | |
| 30 Jan 2023 | 100669905 | Indian Bank | ₹19.88 Lakh | Open | |
| 11 Nov 1995 | 90022195 | Indian Bank | ₹5.38 Cr | Open | |
| 28 Feb 1984 | 90021624 | Indian Bank | ₹83 Lakh | Open | |
| 30 Apr 2003 | 90022891 | Global Trust Bank | ₹3.5 Cr | Satisfied |
To see the full charge records of Patel Veneers Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Patel Veneers Private Limited has 6 court cases on record: 5 filed by Patel Veneers, 1 filed against it. All cases are disposed.
Total cases
6
Filed by the company
5
Filed against the company
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
| High Court | Appeal | Filed by the company against individuals | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| High Court | Petition | Filed by the company against individuals | Disposed |
To see the full case history of Patel Veneers 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 Patel Veneers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Patel Veneers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCP0056D1Z5 | Kerala | Active | 01 Jul 2017 |
| 29AABCP0056D1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Patel Veneers Private Limited, buy the company report.
Recent activity
Patel Veneers Private Limited has 7 board changes on record since 1984: 3 appointments and 4 cessations. The latest: Kantilal Patel Pranlal ceased to be Director on 31 Aug 2016.
Charges
A charge with Indian Bank amounted to Rs. 17.00 Lakh with Charge ID 101221416 was registered on 30 Sep 2025.
AGM
Patel Veneers Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Patel Veneers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ernakulam.
Charges
A charge with Indian Bank amounted to Rs. 19.88 Lakh with Charge ID 100669905 was registered on 30 Jan 2023.
Charges
A charge with Indian Bank of Rs. 537.80 Lakh registered on 11 Nov 1995 with Charge ID 90022195 was modified on 17 Jun 2020.
Ceased
Kantilal Patel Pranlal ceased to be Director.
Ceased
Babulal Pranlal Patel ceased to be Director.
Charges
A charge registered on 30 Apr 2003 via Charge ID 90022891 with Global Trust Bank was fully satisfied on 25 Feb 2012.
Charges
A charge registered on 29 Jan 1998 via Charge ID 90022345 with Global Trust Bank Ltd. was fully satisfied on 25 Feb 2012.
Charges
A charge registered on 29 Sep 1981 via Charge ID 90021525 with Indian Bank was fully satisfied on 17 Feb 2012.
Charges
A charge registered on 27 May 1981 via Charge ID 90021513 with Indian Bank was fully satisfied on 17 Feb 2012.
Ceased
Natwar Lal Patel ceased to be Director.
14 earlier events are in the company report.
Frequently asked questions
Patel Veneers is an active private limited company based in Ernakulam, Kerala, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 19 October 1977 (49+ years old) and is registered under CIN U20211KL1977PTC002930.
Patel Veneers has 3 current directors:
- Vinod Babulal Patel - Director
- Bharat Kantilal Patel - Director
- Mitesh Kantilal Patel - Director
The latest financial statements of Patel Veneers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Patel Veneers is 32AABCP0056D1Z5, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCP0056D1ZS (Karnataka).
The CIN (Corporate Identification Number) of Patel Veneers is U20211KL1977PTC002930. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Patel Veneers has 6 court cases on record: 5 filed by the company and 1 filed against it.
Patel Veneers was incorporated on 19 October 1977, making it 49+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Patel Veneers by revenue are Saan Boards Private Limited, Analco (India) Private Ltd, Pasand Plywood Private Limited, N R Plywood Private Limited, Shree Laxmi Wooden Furnishers and Interiors Private Limited and 4 more, 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).
Kantilal Patel Pranlal ceased to be Director on 31 Aug 2016. Babulal Pranlal Patel ceased to be Director on 14 May 2012. Natwar Lal Patel ceased to be Director on 22 Jan 2011. Patel Veneers has 7 board changes on record in total.
Yes, Patel Veneers is registered as a micro enterprise under Udyam registration (number: UDYAM-KL-02-0020775).
Patel Veneers can be reached through the website patelveneers.com. Its registered office is in Ernakulam, Kerala, India.