About Raninga Paper Mills Private Limited
Data last updated:
Raninga Paper Mills Private Limited is a private limited company based in Naroda, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 16 July 2018.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21000GJ2018PTC103279. Its GSTIN is 24AAJCR0498R1ZL (Gujarat).
The company has an authorised share capital of ₹8.35 Cr and a paid-up capital of ₹8.35 Cr. It is led by directors Lalit Bhai Kanji Bhai Soni and Chandresh Lalitchandra Soni.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at GF 38 Neel Kanth Paradise Nr Galaxy Cinema, Naroda, Gujarat, India – 382440.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.38 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹2.89 Cr (net margin -121.5%) and EBITDA of ₹31.68 Lakh (EBITDA margin 13.3%).
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25.75 Cr on record. Court records list 41 cases involving the company, including 6 filed by the company and 36 filed against it; 20 cases are pending.
The last known website on record is raningapaper.com.
Company details
Contact details
Raninga Paper Mills Private Limited's registered office is in Naroda, Gujarat. Its website is raningapaper.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGF 38 Neel Kanth Paradise Nr Galaxy Cinema, Naroda, Gujarat, India – 382440
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Raninga Paper Mills 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 Raninga Paper Mills 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 Raninga Paper Mills Private Limited, buy the company report.
Financials of Raninga Paper Mills Private Limited
FY 2022 filings availableRaninga Paper Mills Private Limited reported revenue of ₹2.38 Cr (down 60% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 60% in the latest year. EBITDA fell 69% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.38 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹31.68 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.89 Cr | |||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.3% | |||
| Net Profit Margin | -121.5% | |||
| 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 Raninga Paper Mills Private Limited, buy the company report.
Board of directors of Raninga Paper Mills Private Limited
Raninga Paper Mills has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Bhai Kanji Bhai Soni Also directs: Ananya Ornaments Private Limited | Director | 16 Jul 2018 | 8 Years 3 Months | As last reported |
| Chandresh Lalitchandra Soni Also directs: Ananya Ornaments Private Limited, Seeds Trainers LLP | Director | 16 Jul 2018 | 8 Years 3 Months | As last reported |
Peer comparison
Raninga Paper Mills Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Paper), 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 |
|---|---|---|---|---|---|---|
| Jindal Laminates Private Limited | ₹2.4 Cr (FY 2024) | Roopnagar, Punjab, India | ||||
| Green O Vision Paper Products Private Limited | ₹2.38 Cr (FY 2024) | -51.0% | Pune, Maharashtra, India | |||
| M.P. Converters Pvt Ltd | ₹2.38 Cr (FY 2025) | -17.0% | Gwalior, Madhya Pradesh, India | |||
| Raninga Paper Mills Private Limitedthis company | ₹2.38 Cr (FY 2022) | -₹2.89 Cr | -121.5% | -60.0% | Naroda, Gujarat, India | |
| Good Labels Private Limited | ₹2.37 Cr (FY 2024) | 1.0% | Secunderabad, Telangana, India | |||
| Abhyasa Enterprises Private Limited | ₹2.32 Cr (FY 2025) | -36.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Raninga Paper Mills Private Limited, buy the company report.
Auditor
Raninga Paper Mills Private Limited is audited by K. D. Dave and Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. D. Dave and Co. | FY 2022 | 116941W |
Shareholding
The shareholding of Raninga Paper Mills Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Raninga Paper Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2018 | 100233077 | State Bank of India | ₹25.75 Cr | Open |
To see the full charge records of Raninga Paper Mills Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Raninga Paper Mills Private Limited has 41 court cases on record: 6 filed by Raninga Paper Mills, 36 filed against it. 20 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 35 | 20 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Vasuki Global Industries Ltd. Through Jasmin Balashankarbhai Madhak | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed against the company by Skywin Coal - Hiteshbhai Gopalbhai Panara C.A.Raninga Paper Mills Pvt Ltd C.A.200000 | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Shalimar Wires Industries Ltd. | Pending |
| District court, MORBI, Gujarat | Criminal complaint | Filed by the company against Raninga Paper Mills Pvt Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by M/S Siddhartha Logistics Co. Pvt. Ltd. | Pending |
To see the full case history of Raninga Paper Mills 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 Raninga Paper Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raninga Paper Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCR0498R1ZL | Gujarat | Active | 30 Jul 2018 |
To see the full GST registrations and return filing status of Raninga Paper Mills Private Limited, buy the company report.
Recent activity
Raninga Paper Mills Private Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Jigar Tarunkumar Bhatt was appointed as Irp/Rp/Liquidator on 06 Aug 2025.
Frequently asked questions
Raninga Paper Mills is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Raninga Paper Mills is a company under insolvency, formerly operating as a private limited company based in Naroda, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 16 July 2018 and is registered under CIN U21000GJ2018PTC103279. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Raninga Paper Mills has 2 current directors:
- Lalit Bhai Kanji Bhai Soni - Director
- Chandresh Lalitchandra Soni - Director
The latest financial statements of Raninga Paper Mills on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Raninga Paper Mills is U21000GJ2018PTC103279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raninga Paper Mills has open charges of ₹25.75 Cr and no satisfied charges on record as per latest MCA filings.
Raninga Paper Mills has 41 court cases on record: 6 filed by the company and 36 filed against it. 20 are pending. Most are in the district courts.
Raninga Paper Mills was incorporated on 16 July 2018. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Raninga Paper Mills by revenue are Jindal Laminates Private Limited, Green O Vision Paper Products Private Limited, M.P. Converters Pvt Ltd, Good Labels Private Limited, Abhyasa Enterprises Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Jigar Tarunkumar Bhatt was appointed as Irp/Rp/Liquidator on 06 Aug 2025. Sagar Rajendra Dave ceased to be Additional Director on 03 Jun 2023. Dhananjay Sanjay Agrawal ceased to be Additional Director on 25 Mar 2022. Raninga Paper Mills has 6 board changes on record in total.
Raninga Paper Mills can be reached through the website raningapaper.com. Its registered office is in Naroda, Gujarat, India.
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