About Saffe Panel Industry Private Limited
Data last updated:
Saffe Panel Industry Private Limited is a private limited company based in Cherthala, Kerala, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 08 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U20210KL2014PTC036848. Its GSTIN is 32AAUCS7022D1ZF (Kerala).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.45 Cr. It is led by directors Chovakaran Kloth Pudhiyamaliyamal Mujesh (Managing Director) and Miyas Ashraf.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. E – 3 Ksidc Industrial Growth Centre Pallipuram, Cherthala, Kerala, India – 688541.
As per the financials filed for FY 2023, the company reported a revenue of ₹30.17 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net profit of ₹32.36 Lakh (net margin 1.1%) and EBITDA of ₹2.1 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹5.35 Cr and satisfied charges of ₹6.15 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saffesystems.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. E – 3 Ksidc Industrial Growth Centre Pallipuram, Cherthala, Kerala, India – 688541
- IndustryManufacturing, Wood Products & MDF
- 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
- One PDF report, delivered after checkout
Financials of Saffe Panel Industry Private Limited FY 2024 filings available
Saffe Panel Industry Private Limited reported revenue of ₹30.17 Cr (up 73% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Saffe Panel Industry Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 73% growth in the latest year. EBITDA rose 63% 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 Saffe Panel Industry Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹30.17 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.1 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹32.36 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 Saffe Panel Industry Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Saffe Panel Industry are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Saffe Panel Industry Private Limited
Saffe Panel Industry Private Limited is audited by BALAN & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BALAN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Saffe Panel Industry Private Limited
Saffe Panel Industry has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Miyas Ashraf | Director | 08 Jul 2014 | 12 Years 3 Months | Current |
| Chovakaran Kloth Pudhiyamaliyamal Mujesh | Managing Director | 08 Jul 2014 | 12 Years 3 Months | Current |
Ownership and Shareholding of Saffe Panel Industry Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Saffe Panel Industry Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Sep 2024 | Others | ₹5 Cr | Open |
| 29 Jul 2015 | Axis Bank Limited | ₹35 Lakh | Open |
| 16 Mar 2018 | Others | ₹5.3 Cr | Satisfied |
| 29 Jul 2015 | Axis Bank Limited | ₹85 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Saffe Panel Industry Private Limited
Saffe Panel Industry Private Limited has 4 court cases on record: 3 filed by Saffe Panel Industry, 1 where it is another party. 1 case is pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala | Disposed |
| High Court of Kerala | Writ petition | Company is another party | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Saffe Panel Industry Private Limited
Employment history and EPFO contributions of people linked to Saffe Panel Industry.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Saffe Panel Industry Private Limited
Saffe Panel Industry Private Limited has 8 board changes on record since 2014: 5 appointments and 3 cessations. The latest: Nithesh Bhaskaran ceased to be Nominee Director on 08 Aug 2023.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Saffe Panel Industry Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Saffe Panel Industry Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Saffe Panel Industry Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Saffe Panel Industry Private Limited
Saffe Panel Industry has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAUCS7022D1ZF | Kerala | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Saffe Panel Industry Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Saffe Panel Industry Private Limited
Saffe Panel Industry is an active private limited company based in Cherthala, Kerala, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 08 July 2014 (12+ years old) and is registered under CIN U20210KL2014PTC036848.
Saffe Panel Industry reported revenue of ₹30.17 Cr for FY 2023 (up 73% YoY).
Saffe Panel Industry has 2 current directors:
- Chovakaran Kloth Pudhiyamaliyamal Mujesh - Managing Director
- Miyas Ashraf - Director
Saffe Panel Industry reported a net profit of ₹32.36 Lakh (net margin 1.1%) and EBITDA of ₹2.1 Cr (EBITDA margin 6.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Saffe Panel Industry is 14% over three years and 25% over five years. In the latest year (FY 2023) revenue rose 73%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Saffe Panel Industry is 32AAUCS7022D1ZF, registered in Kerala.
The CIN (Corporate Identification Number) of Saffe Panel Industry is U20210KL2014PTC036848. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saffe Panel Industry has 4 court cases on record: 3 filed by the company. 1 is pending.
Saffe Panel Industry was incorporated on 08 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ernakulam.
Nithesh Bhaskaran ceased to be Nominee Director on 08 Aug 2023. Nithesh Bhaskaran was appointed as Nominee Director on 01 Mar 2021. Ashraf ceased to be Director on 01 Jan 2019. Saffe Panel Industry has 8 board changes on record in total.