MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0025358
Saffron Speciality Papers Limited - wood in Bhiwandi, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹253.25 Cr
▲ 33% YoY
Net profit · FY 2025
₹10.68 Cr
Net margin 4.2%
EBITDA · FY 2025
₹25.65 Cr
EBITDA margin 10.1%
Authorised capital
₹20.01 Cr
Registered with MCA
Paid-up capital
₹13.25 Cr
Issued & subscribed
Open charges
₹183.19 Cr
Satisfied ₹92.58 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
2
Provident fund records
About Saffron Speciality Papers Limited
Data last updated:
Saffron Speciality Papers Limited is a public limited company based in Bhiwandi, Maharashtra, India. It operates in the wood and wood products segment of the wood and timber products sector. It was incorporated on 15 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51396MH2008PLC181181. Its GSTIN is 27AAHCA1361J1ZQ (Maharashtra).
The company has an authorised share capital of ₹20.01 Cr and a paid-up capital of ₹13.25 Cr. It was formerly known as Albatross Speciality Papers Private Limited. It is led by directors including Sweta Agarwal (Managing Director) and Amisha Agarwal (Whole-Time Director).
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 Survey No. 53 Hissa 29 75/2 And 77/5 Village Aamne Near Indian Petrol Pump, Bhiwandi, Maharashtra, India – 421302.
As per the financials filed for FY 2025, the company reported a revenue of ₹253.25 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹10.68 Cr (net margin 4.2%) and EBITDA of ₹25.65 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 23% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹183.19 Cr and satisfied charges of ₹92.58 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
Saffron Speciality Papers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0025358). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saffronindia.net.
Company details
CIN U51396MH2008PLC181181
Registration Number 181181
Incorporation Date 15 April 2008
ROC Mumbai
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-MH-18-0025358
Name history
Saffron Speciality Papers has undergone 2 name changes throughout its history. The company was previously known as Albatross Speciality Papers Private Limited, and Saffron Speciality Papers Limited. The current legal name is Saffron Speciality Papers Limited.
| Company Name | Status |
|---|---|
| Saffron Speciality Papers Limited | Current |
| Albatross Speciality Papers Private Limited | Previous |
CIN history
Saffron Speciality Papers has one previous CIN (Corporate Identification Number): U51396MH2008PTC181181. The current CIN is U51396MH2008PLC181181, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51396MH2008PLC181181 | Current |
| U51396MH2008PTC181181 | Previous |
Key People
Sweta Agarwal Managing Director Amisha Agarwal Whole-Time Director Jaykishan Rameshwarlal Rathi Director Recognitions & Rankings of Saffron Speciality Papers
Contact details
Saffron Speciality Papers Limited's registered office is in Bhiwandi, Maharashtra. Its website is saffronindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 53 Hissa 29 75/2 And 77/5 Village Aamne Near Indian Petrol Pump, Bhiwandi, Maharashtra, India – 421302
- IndustryWood, Wood & Wood Products, Paper & Paper Products, Furniture
To see the full contact details of Saffron Speciality Papers Limited, buy the company report.
Comprehensive company report
Saffron Speciality Papers 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 Saffron Speciality Papers 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 Saffron Speciality Papers Limited, buy the company report.
Financials of Saffron Speciality Papers Limited
FY 2025 filings availableSaffron Speciality Papers Limited reported revenue of ₹253.25 Cr (up 33% YoY) for FY 2025.
Revenue · FY 2025
₹253.25 Cr ▲ 33%
Net profit · FY 2025
₹10.68 Cr margin 4.2%
EBITDA · FY 2025
₹25.65 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 28%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 121%
5 years · compounded
▲ 59%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 33% growth in the latest year. EBITDA rose 45% 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 | ₹253.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.68 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Saffron Speciality Papers Limited, buy the company report.
Board of directors of Saffron Speciality Papers Limited
Saffron Speciality Papers has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amisha Agarwal Also directs: Seagate Speciality Products Private Limited | Whole-Time Director | 18 Jan 2011 | 15 Years 9 Months | Current |
| Sweta Agarwal | Managing Director | 20 Nov 2021 | 4 Years 11 Months | Current |
| Jaykishan Rameshwarlal Rathi | Director | 21 Dec 2024 | 1 Years 10 Months | Current |
| Mahavir Prasad Hingar | Director | 12 Jun 2024 | 2 Years 4 Months | Current |
| Narayanan Ananthakrishnan Iyer Also directs: NHC Foods Limited, Radaan Media Works India Limited, RG Mobility Private Limited and 5 more | Director | 12 Jun 2024 | 2 Years 4 Months | Current |
| Harshiel Agarwal Also directs: Seagate Speciality Products Private Limited | Director | 14 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Saffron Speciality Papers Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Sukraft Recycling Private Limited | ₹262.25 Cr (FY 2025) | 12.0% | Sattari, Goa, India | |||
| Anandeshwar Industries Private Limited | ₹261.65 Cr (FY 2025) | 20.0% | Kanpur, Uttar Pradesh, India | |||
| Katyayini Paper Mills Pvt. Ltd | ₹255.58 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India | |||
| Satkar Paper Mills Private Limited | ₹254.55 Cr (FY 2025) | 17.0% | Punjab, India | |||
| Saffron Speciality Papers Limitedthis company | ₹253.25 Cr (FY 2025) | ₹10.68 Cr | 4.2% | 33.0% | 2 | Bhiwandi, Maharashtra, India |
| Sunshine Pap-Tech Private Limited | ₹239.53 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Paper Packaging Private Limited | ₹238.55 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Kalyani Craft Paper Mills Private Limited | ₹237.7 Cr (FY 2025) | 21.0% | Timaliyawad, Surat, Gujarat, India | |||
| Suyash Chemical and Fertilizer Private Limited | ₹237.36 Cr (FY 2025) | 30.0% | Uttar Pradesh, India |
To see the full peer comparison of Saffron Speciality Papers Limited, buy the company report.
Auditor
Saffron Speciality Papers Limited is audited by KRSHNA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRSHNA & ASSOCIATES | FY 2023 | 122950W |
Shareholding
The shareholding of Saffron Speciality Papers 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 Saffron Speciality Papers Limited, buy the company report.
Charges & borrowings
Open charges
₹183.19 Cr
Satisfied charges
₹92.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2026 | 101369618 | Hdfc Bank Limited | ₹14.42 Cr | Open | |
| 31 Jul 2026 | 101356633 | Others | ₹2.42 Cr | Open | |
| 31 Mar 2026 | 101266627 | Others | ₹30 Cr | Open | |
| 09 Oct 2025 | 101194225 | Hdfc Bank Limited | ₹31.25 Lakh | Open | |
| 28 Aug 2025 | 101180317 | Hdfc Bank Limited | ₹25.19 Lakh | Open |
To see the full charge records of Saffron Speciality Papers Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Saffron Speciality Papers Limited has 3 court cases on record: 3 filed by Saffron Speciality Papers. All cases are disposed.
Total cases
3
Filed by the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Ap and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against State of Andhra Pradesh, and 1 other | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Saffron Speciality Papers 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 Saffron Speciality Papers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saffron Speciality Papers Limited has a workforce of 2 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Saffron Speciality Papers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA1361J1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saffron Speciality Papers Limited, buy the company report.
Recent activity
Saffron Speciality Papers Limited has 13 board changes on record since 2011: 6 appointments and 7 cessations. The latest: Jaykishan Rameshwarlal Rathi ceased to be Additional Director on 14 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 14.42 Cr with Charge ID 101369618 was registered on 13 Aug 2026.
Charges
A charge with Others amounted to Rs. 2.42 Cr with Charge ID 101356633 was registered on 31 Jul 2026.
Charges
A charge registered on 04 Aug 2025 via Charge ID 101145478 with Others was fully satisfied on 29 May 2026.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101266627 was registered on 31 Mar 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 129.48 Cr registered on 15 Mar 2024 with Charge ID 100884988 was modified on 13 Mar 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 101194225 was registered on 09 Oct 2025.
AGM
Saffron Speciality Papers Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 101180317 was registered on 28 Aug 2025.
Charges
A charge with Others amounted to Rs. 25.01 Cr with Charge ID 101145478 was registered on 04 Aug 2025.
Filing
Saffron Speciality Papers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Jaykishan Rameshwarlal Rathi ceased to be Additional Director.
Appointed
Jaykishan Rameshwarlal Rathi was appointed as Director.
30 earlier events are in the company report.
Frequently asked questions
Saffron Speciality Papers is an active public limited company based in Bhiwandi, Maharashtra, India. The company works in wood and wood products, within the wood industry. It was incorporated on 15 April 2008 (18+ years old) and is registered under CIN U51396MH2008PLC181181.
Saffron Speciality Papers has 6 current directors:
- Sweta Agarwal - Managing Director
- Amisha Agarwal - Whole-Time Director
- Jaykishan Rameshwarlal Rathi - Director
- Mahavir Prasad Hingar - Director
- Narayanan Ananthakrishnan Iyer - Director
- Harshiel Agarwal - Director
The latest financial statements of Saffron Speciality Papers 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 Saffron Speciality Papers is 27AAHCA1361J1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Saffron Speciality Papers is U51396MH2008PLC181181. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saffron Speciality Papers has 3 court cases on record: 3 filed by the company. Most are in the high courts.
Saffron Speciality Papers was incorporated on 15 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Saffron Speciality Papers by revenue are Sukraft Recycling Private Limited, Anandeshwar Industries Private Limited, Katyayini Paper Mills Pvt. Ltd, Satkar Paper Mills Private Limited, Sunshine Pap-Tech Private Limited and 3 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Jaykishan Rameshwarlal Rathi ceased to be Additional Director on 14 Jan 2025. Jaykishan Rameshwarlal Rathi was appointed as Director on 21 Dec 2024. Mahavir Prasad Hingar was appointed as Director on 12 Jun 2024. Saffron Speciality Papers has 13 board changes on record in total.
Yes, Saffron Speciality Papers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0025358).
Saffron Speciality Papers can be reached through the website saffronindia.net. Its registered office is in Bhiwandi, Maharashtra, India.