MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0282452
Payal Foam Pvt Ltd
Payal Foam Pvt Ltd - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.83 Cr
▲ 2% YoY
Net profit · FY 2025
₹6.62 Lakh
Net margin 1.7%
EBITDA · FY 2025
₹23.58 Lakh
EBITDA margin 6.2%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹14.96 Lakh
Issued & subscribed
Open charges
₹70 Lakh
Satisfied ₹6.54 Cr
Company age
33 yrs
Est. 1993
Directors on board
3
As per MCA filings
About Payal Foam Pvt Ltd
Data last updated:
Payal Foam Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 21 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25199GJ1993PTC020472. Its GSTIN is 24AABCP1428R1Z7 (Gujarat).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14.96 Lakh. It is led by directors including Monaben Shaileshbhai Shah and Shaileshbhai Madhavlal 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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.83 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹6.62 Lakh (net margin 1.7%) and EBITDA of ₹23.58 Lakh (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 382% over five years.
As per MCA filings, the company has open charges of ₹70 Lakh and satisfied charges of ₹6.54 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Payal Foam Pvt Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0282452). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25199GJ1993PTC020472
Registration Number 020472
Incorporation Date 21 October 1993
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 Micro
Udyam Registration UDYAM-GJ-01-0282452
Key People
Monaben Shaileshbhai Shah Director Shaileshbhai Madhavlal Shah Director Shah Shridhan Spruha Director Recognitions & Rankings of Payal Foam
Contact details
Payal Foam Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No.9 &10 Shubhlaxmi Industrial Estate Opp. Vimlachal Print & Packaging Nr. Ramdev, Masala, Ahmedabad, Gujarat, India – 382213
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Payal Foam Pvt Ltd, buy the company report.
Comprehensive company report
Payal Foam Pvt Ltd - 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 Foam is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Payal Foam Pvt Ltd, buy the company report.
Financials of Payal Foam Pvt Ltd
FY 2025 filings availablePayal Foam Pvt Ltd reported revenue of ₹3.83 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹3.83 Cr ▲ 2%
Net profit · FY 2025
₹6.62 Lakh margin 1.7%
EBITDA · FY 2025
₹23.58 Lakh margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 72%
5 years · compounded
▲ 382%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 84%
5 years · compounded
▲ 215%
Revenue has grown at a compounded annual rate (CAGR) of 382% over five years, including 2% growth in the latest year. EBITDA rose 1% 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 |
|---|---|---|---|---|---|
| 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 | ₹23.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.62 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 1.7% | ||||
| 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 Payal Foam Pvt Ltd, buy the company report.
Board of directors of Payal Foam Pvt Ltd
Payal Foam has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monaben Shaileshbhai Shah | Director | 15 Feb 2001 | 25 Years 8 Months | Current |
| Shaileshbhai Madhavlal Shah | Director | 21 Oct 1993 | 33 Years 0 Months | Current |
| Shah Shridhan Spruha | Director | 29 Jan 2015 | 11 Years 8 Months | Current |
Peer comparison
Payal Foam Pvt Ltd is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Payal Foam Pvt Ltdthis company | ₹3.83 Cr (FY 2025) | ₹6.62 Lakh | 1.7% | 2.0% | Ahmedabad, Gujarat, India | |
| Vivek Polychem Private Limited | ₹3.79 Cr (FY 2025) | 10.0% | Kanpur, Uttar Pradesh, India | |||
| Internet Agrochem Private Limited | ₹3.78 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India | |||
| Glister Polymers Private Limited | ₹3.72 Cr (FY 2025) | 12.0% | Patna, Bihar, India |
To see the full peer comparison of Payal Foam Pvt Ltd, buy the company report.
Auditor
Payal Foam Pvt Ltd is audited by DIPAKSHANTILALJAGETIYA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIPAKSHANTILALJAGETIYA | FY 2023 | 136683 |
Shareholding
The shareholding of Payal Foam Pvt Ltd 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 Foam Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹70 Lakh
Satisfied charges
₹6.54 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2025 | 101203382 | Others | ₹60 Lakh | Open | |
| 31 May 1996 | 80053071 | Bank of India | ₹3 Lakh | Open | |
| 31 May 1996 | 80053083 | Bank of India | ₹7 Lakh | Open | |
| 11 Apr 2012 | 10576300 | Others | ₹1.65 Cr | Satisfied | |
| 28 Sep 2010 | 10254667 | The Cosmos Cooperative Bank Ltd | ₹2.3 Cr | Satisfied |
To see the full charge records of Payal Foam Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
Payal Foam Pvt Ltd has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Ms Capitol Machine Tools Pvt Ltd Through Its Director Dinesh Kewalramani | Pending |
To see the full case history of Payal Foam Pvt Ltd, 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 Foam Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Payal Foam has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCP1428R1Z7 | Gujarat | Active | 09 Apr 2021 |
To see the full GST registrations and return filing status of Payal Foam Pvt Ltd, buy the company report.
Recent activity
Payal Foam Pvt Ltd has 5 board changes on record since 1993: 3 appointments and 2 cessations. The latest: Shah Shridhan Spruha ceased to be Additional Director on 30 Sep 2015.
Charges
A charge with Others amounted to Rs. 60.00 Lakh with Charge ID 101203382 was registered on 18 Dec 2025.
AGM
Payal Foam Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Payal Foam Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 11 Apr 2012 via Charge ID 10576300 with Others was fully satisfied on 07 Aug 2020.
Charges
A charge with Others of Rs. 165.00 Lakh registered on 11 Apr 2012 with Charge ID 10576300 was modified on 16 Mar 2019.
Ceased
Shah Shridhan Spruha ceased to be Additional Director.
Ceased
Shridhan Shailesh Shah ceased to be Additional Director.
Charges
A charge registered on 28 Sep 2010 via Charge ID 10254667 with The Cosmos Cooperative Bank Ltd was fully satisfied on 06 May 2015.
Appointed
Shah Shridhan Spruha was appointed as Director.
Charges
A charge with Others amounted to Rs. 165.00 Lakh with Charge ID 10576300 was registered on 11 Apr 2012.
Charges
A charge registered on 08 Apr 2009 via Charge ID 10157656 with Bank Of Maharashtra was fully satisfied on 19 Oct 2010.
Charges
A charge with The Cosmos Cooperative Bank Ltd amounted to Rs. 229.95 Lakh with Charge ID 10254667 was registered on 28 Sep 2010.
10 earlier events are in the company report.
Frequently asked questions
Payal Foam is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 21 October 1993 (33+ years old) and is registered under CIN U25199GJ1993PTC020472.
Payal Foam has 3 current directors:
- Monaben Shaileshbhai Shah - Director
- Shaileshbhai Madhavlal Shah - Director
- Shah Shridhan Spruha - Director
The latest financial statements of Payal Foam 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 Foam is 24AABCP1428R1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Payal Foam is U25199GJ1993PTC020472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal Foam has 1 court case on record: 1 filed against it. 1 is pending.
Payal Foam was incorporated on 21 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Payal Foam by revenue are Vivek Polychem Private Limited, Internet Agrochem Private Limited, Glister Polymers Private Limited, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Shah Shridhan Spruha ceased to be Additional Director on 30 Sep 2015. Shridhan Shailesh Shah ceased to be Additional Director on 30 Sep 2015. Shah Shridhan Spruha was appointed as Director on 29 Jan 2015. Payal Foam has 5 board changes on record in total.
Yes, Payal Foam is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0282452).
The registered office of Payal Foam is at Plot No.9 &10 Shubhlaxmi Industrial Estate Opp. Vimlachal Print & Packaging Nr. Ramdev, Masala, Ahmedabad, Gujarat, India – 382213.