MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-13-0005975
Pegasus Panels Private Limited - manufacturing in Bhachau, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹103.41 Cr
▲ 12% YoY
Net loss · FY 2025
₹20.78 Lakh
Net margin -0.2%
EBITDA · FY 2025
₹7.82 Cr
EBITDA margin 7.6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.9 Cr
Issued & subscribed
Open charges
₹55.68 Cr
Satisfied ₹11.95 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
229
Provident fund records
About Pegasus Panels Private Limited
Data last updated:
Pegasus Panels Private Limited is a private limited company based in Bhachau, Gujarat, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 19 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20219GJ2015PTC084795. Its GSTIN is 24AAICP3310K1ZL (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.9 Cr. It is led by directors including Rajiv Agarwal and Ashok Hiralal Patel.
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 Bhachau, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹103.41 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹20.78 Lakh (net margin -0.2%) and EBITDA of ₹7.82 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 17% over five years.
The company has about 229 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dorby. As per MCA filings, the company has open charges of ₹55.68 Cr and satisfied charges of ₹11.95 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in August 2021.
Pegasus Panels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-13-0005975). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dorbypanels.com.
Company Details of Pegasus Panels Private Limited
CIN U20219GJ2015PTC084795
Registration Number 084795
Incorporation Date 19 October 2015
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-13-0005975
Recognitions & Rankings of Pegasus Panels
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSurvey No. 354 P1 & P2, Nani Chirai, Bhachau, Gujarat, India – 370140
- IndustryManufacturing, Wood Products & MDF
Comprehensive company report
Pegasus Panels Private Limited - one report that includes everything
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- Historical financials and ratios
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Associated Brands with Pegasus Panels Private Limited
Pegasus Panels operates one associated brand: Dorby. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A surface decor brand specializing in premium laminates, edgebands, and solutions for interior design and architecture. | dorbypanels.com |
Financials of Pegasus Panels Private Limited FY 2025 filings available
Pegasus Panels Private Limited reported revenue of ₹103.41 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹103.41 Cr ▲ 12%
Net loss · FY 2025
₹20.78 Lakh margin -0.2%
EBITDA · FY 2025
₹7.82 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR) of Pegasus Panels Private Limited
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 15%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 3%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 12% growth in the latest year. EBITDA fell 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 of Pegasus Panels Private Limited
| 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 | ₹103.41 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹7.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹20.78 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 of Pegasus Panels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pegasus Panels are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Verified entity values are shown only after access is granted.
Board of Directors of Pegasus Panels Private Limited
Pegasus Panels has 4 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 |
|---|---|---|---|---|
| Rajiv Agarwal Also directs: Asiatic Imperia Private Limited | Director | 30 Mar 2017 | 9 Years 6 Months | Current |
| Ashok Hiralal Patel | Director | 01 Aug 2021 | 5 Years 2 Months | Current |
| Mehul Agarwal Rajiv | Director | 30 Mar 2017 | 9 Years 6 Months | Current |
| Jeet Arvind Patel | Director | 28 Oct 2024 | 1 Years 11 Months | Current |
Auditor Details of Pegasus Panels Private Limited
Pegasus Panels Private Limited is audited by LAHOTI & LAHOTI for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| LAHOTI & LAHOTI | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Pegasus Panels Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Pegasus Panels Private Limited
Open charges
₹55.68 Cr
Satisfied charges
₹11.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2025 | Others | ₹1.5 Cr | Open |
| 28 Nov 2025 | Others | ₹13.5 Cr | Open |
| 24 Nov 2023 | Hdfc Bank Limited | ₹1.89 Cr | Open |
| 31 Oct 2023 | Citi Bank N.A. | ₹15 Cr | Open |
| 06 Oct 2023 | Hdfc Bank Limited | ₹15 Cr | Open |
Total charge records: 12 View all charges
Deals & Funding of Pegasus Panels Private Limited
Pegasus Panels Private Limited has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in August 2021.
Total deals
6
Secondary share transfers
4
Rights issues
2
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Rajesh Goyal Huf, 3 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Naresh goyal & sons (huf) Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Nishant Goyal Huf, 2 individuals |
| Dec 2017 | Rights issue | ₹1.13 Cr | Investors: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Suresh Jindal Huf, Rajesh Verma Huf |
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Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
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Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Pegasus Panels Private Limited
Pegasus Panels Private Limited has 3 court cases on record: 2 filed by Pegasus Panels, 1 filed against it. 2 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed by the company against Dolby Plyboards Private Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, kachchh at Bhuj, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Pegasus Panels Private Limited
Pegasus Panels Private Limited has a workforce of 229 employees as of Jan 10, 2026.
Employee count
229
Active EPFO establishments
1
Employee growth
7.01%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Pegasus Panels Private Limited
Pegasus Panels Private Limited has 7 board changes on record since 2017: 4 appointments and 3 cessations. The latest: Jeet Arvind Patel was appointed as Director on 28 Oct 2024.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 101206811 was registered on 28 Nov 2025.
Charges
A charge with Others amounted to Rs. 13.50 Cr with Charge ID 101206807 was registered on 28 Nov 2025.
AGM
Pegasus Panels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Citi Bank N.A. of Rs. 15.00 Cr registered on 31 Oct 2023 with Charge ID 100825209 was modified on 22 Aug 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 06 Oct 2023 with Charge ID 100830648 was modified on 09 May 2025.
Filing
Pegasus Panels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Jeet Arvind Patel was appointed as Director.
Ceased
Arvind Naran Patel ceased to be Director.
Charges
A charge registered on 06 May 2020 via Charge ID 100336440 with Sidbi was fully satisfied on 17 May 2024.
Charges
A charge registered on 07 Feb 2017 via Charge ID 100077118 with Others was fully satisfied on 17 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.89 Cr with Charge ID 100856784 was registered on 24 Nov 2023.
Charges
A charge with Citi Bank N.A. amounted to Rs. 15.00 Cr with Charge ID 100825209 was registered on 31 Oct 2023.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pegasus Panels Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Pegasus Panels Private Limited
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MSME payment history
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Subsidiaries & Group Companies of Pegasus Panels Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Pegasus Panels Private Limited
Pegasus Panels has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICP3310K1ZL | Gujarat | Active | 01 Jul 2017 |
| 07AAICP3310K1ZH | Delhi | Active | 15 Apr 2018 |
| 19AAICP3310K1ZC | West Bengal | Active | 03 Jun 2022 |
| 27AAICP3310K1ZF | Maharashtra | Active | 08 Aug 2023 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Pegasus Panels Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Pegasus Panels Private Limited
Frequently Asked Questions about Pegasus Panels Private Limited
Pegasus Panels is an active private limited company based in Bhachau, Gujarat, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 19 October 2015 (11+ years old) and is registered under CIN U20219GJ2015PTC084795.
Pegasus Panels reported revenue of ₹103.41 Cr for FY 2025 (up 12% YoY).
Pegasus Panels has 4 current directors:
- Rajiv Agarwal - Director
- Ashok Hiralal Patel - Director
- Mehul Agarwal Rajiv - Director
- Jeet Arvind Patel - Director
Pegasus Panels reported a net loss of ₹20.78 Lakh (net margin -0.2%) and EBITDA of ₹7.82 Cr (EBITDA margin 7.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pegasus Panels is 15% over three years and 17% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pegasus Panels is 24AAICP3310K1ZL, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 07AAICP3310K1ZH (Delhi), 19AAICP3310K1ZC (West Bengal), 27AAICP3310K1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Pegasus Panels is U20219GJ2015PTC084795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pegasus Panels has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.
Pegasus Panels was incorporated on 19 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pegasus Panels has 6 deals on record (4 secondary share transfers, 2 rights issues); the latest was in August 2021.