MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0016209
Payal Flakes Private Limited - food and beverages in Gondal, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.99 Cr
▼ 66% YoY
Net loss · FY 2025
₹45.39 Lakh
Net margin -5.7%
EBITDA · FY 2025
₹48.74 Lakh
EBITDA margin 6.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹8.9 Lakh
Issued & subscribed
Open charges
₹7.42 Cr
Satisfied ₹11.5 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
9
Provident fund records
About Payal Flakes Private Limited
Data last updated:
Payal Flakes Private Limited is a private limited company based in Gondal, Gujarat, India. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 19 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15490GJ2010PTC059642. Its GSTIN is 24AAFCP3669J1Z4 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.9 Lakh. It is led by directors Chetanbhai Damjibhai Gondalia and Rasiklal Haribhai Gondaliya.
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 Plot No. – 104 GIDC Gondal – 2 At Jamwadi Tal. Gondal, Gujarat, India – 360311.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.99 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹45.39 Lakh (net margin -5.7%) and EBITDA of ₹48.74 Lakh (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 20% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.42 Cr and satisfied charges of ₹11.5 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 4 cases are pending.
Payal Flakes Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0016209). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website payalflakes.com.
Company details
CIN U15490GJ2010PTC059642
Registration Number 059642
Incorporation Date 19 February 2010
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 Small
Udyam Registration UDYAM-GJ-20-0016209
Recognitions & Rankings of Payal Flakes
Contact details
Payal Flakes Private Limited's registered office is in Gondal, Gujarat. Its website is payalflakes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. – 104 GIDC Gondal – 2 At Jamwadi Tal. Gondal, Gujarat, India – 360311
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Payal Flakes Private Limited, buy the company report.
Comprehensive company report
Payal Flakes 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 Payal Flakes is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Payal Flakes Private Limited, buy the company report.
Financials of Payal Flakes Private Limited
FY 2025 filings availablePayal Flakes Private Limited reported revenue of ₹7.99 Cr (down 66% YoY) for FY 2025.
Revenue · FY 2025
₹7.99 Cr ▼ 66%
Net loss · FY 2025
₹45.39 Lakh margin -5.7%
EBITDA · FY 2025
₹48.74 Lakh margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 66%
3 years · compounded
▼ 30%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 20%
5 years · compounded
▼ 17%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 66% fall in the latest year. EBITDA fell 30% 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 | ₹48.74 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹45.39 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | -5.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Payal Flakes Private Limited, buy the company report.
Board of directors of Payal Flakes Private Limited
Payal Flakes has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetanbhai Damjibhai Gondalia | Director | 19 Feb 2010 | 16 Years 8 Months | Current |
| Rasiklal Haribhai Gondaliya | Director | 19 Feb 2010 | 16 Years 8 Months | Current |
Auditor
Payal Flakes Private Limited is audited by S. C. MAKHECHA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. C. MAKHECHA & ASSOCIATES | FY 2023 | 120184W |
Shareholding
The shareholding of Payal Flakes 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 Payal Flakes Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.42 Cr
Satisfied charges
₹11.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2017 | 100243560 | Others | ₹7.42 Cr | Open | |
| 04 Apr 2012 | 10346143 | Others | ₹4 Cr | Satisfied | |
| 08 Nov 2011 | 10316073 | The Co-Operative Bank of Rajkot Ltd. | ₹1 Cr | Satisfied | |
| 25 Oct 2011 | 10316071 | The Co-Operative Bank of Rajkot Limited | ₹6.5 Cr | Satisfied |
To see the full charge records of Payal Flakes Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Payal Flakes Private Limited has 5 court cases on record: 4 filed by Payal Flakes, 1 filed against it. 4 cases are pending and 1 is disposed.
Total cases
5
Filed by the company
4
Filed against the company
1
Pending
4
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 4 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Surendranagar, Gujarat | Commercial matter | Filed by the company against Shree Sidhdhanath Kotex Pri. Ltd. All Directors | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Sidhdhnath Cotex Private Ltd and 2 others | Pending |
| District court, RAJKOT, Gujarat | Commercial matter | Filed by the company against Sidhdhnath Cotex Private Ltd and 2 others | Disposed |
To see the full case history of Payal Flakes 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 Payal Flakes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Payal Flakes Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-18.18%
GST
Payal Flakes has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCP3669J1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Payal Flakes Private Limited, buy the company report.
Recent activity
Payal Flakes Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Chetanbhai Damjibhai Gondalia was appointed as Director on 19 Feb 2010.
AGM
Payal Flakes Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Payal Flakes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 742.00 Lakh registered on 11 Jul 2017 with Charge ID 100243560 was modified on 16 Mar 2022.
Charges
A charge registered on 04 Apr 2012 via Charge ID 10346143 with Others was fully satisfied on 26 Jul 2018.
Charges
A charge registered on 25 Oct 2011 via Charge ID 10316071 with The Co-Operative Bank Of Rajkot Limited was fully satisfied on 26 Jul 2018.
Charges
A charge with Others amounted to Rs. 742.00 Lakh with Charge ID 100243560 was registered on 11 Jul 2017.
Charges
A charge registered on 08 Nov 2011 via Charge ID 10316073 with The Co-Operative Bank Of Rajkot Ltd. was fully satisfied on 06 Apr 2017.
Charges
A charge with Others of Rs. 400.00 Lakh registered on 04 Apr 2012 with Charge ID 10346143 was modified on 08 Jul 2016.
Charges
A charge with The Co-Operative Bank Of Rajkot Limited of Rs. 650.00 Lakh registered on 25 Oct 2011 with Charge ID 10316071 was modified on 03 Aug 2015.
Charges
A charge with Others amounted to Rs. 400.00 Lakh with Charge ID 10346143 was registered on 04 Apr 2012.
Charges
A charge with The Co-Operative Bank Of Rajkot Ltd. amounted to Rs. 100.00 Lakh with Charge ID 10316073 was registered on 08 Nov 2011.
Charges
A charge with The Co-Operative Bank Of Rajkot Limited amounted to Rs. 650.00 Lakh with Charge ID 10316071 was registered on 25 Oct 2011.
3 earlier events are in the company report.
Frequently asked questions
Payal Flakes is an active private limited company based in Gondal, Gujarat, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 19 February 2010 (16+ years old) and is registered under CIN U15490GJ2010PTC059642.
Payal Flakes has 2 current directors:
- Chetanbhai Damjibhai Gondalia - Director
- Rasiklal Haribhai Gondaliya - Director
The latest financial statements of Payal Flakes 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 Payal Flakes is 24AAFCP3669J1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Payal Flakes is U15490GJ2010PTC059642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal Flakes has 5 court cases on record: 4 filed by the company and 1 filed against it. 4 are pending.
Payal Flakes was incorporated on 19 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Chetanbhai Damjibhai Gondalia was appointed as Director on 19 Feb 2010. Rasiklal Haribhai Gondaliya was appointed as Director on 19 Feb 2010.
Yes, Payal Flakes is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0016209).
Payal Flakes can be reached through the website payalflakes.com. Its registered office is in Gondal, Gujarat, India.