About Salasar Laminates Limited
Data last updated:
Salasar Laminates Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the paper segment of the packaging sector. It was incorporated on 30 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20212GJ2002PLC040412. Its GSTIN is 24AACCM7891E1ZD (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.1 Cr. It was formerly known as Millennium Laminates Private Limited and Salasar Laminates Private Limited. It is led by directors including Vikas Vijay Bhai Agarwal (Whole-Time Director) and Vishal Agarwal Vijay Bhai.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹89.14 Cr. For the same year it recorded a net profit of ₹75.76 Lakh (net margin 0.8%) and EBITDA of ₹1.73 Cr (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The company has about 115 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Salasar Laminates. As per MCA filings, the company has open charges of ₹57.52 Cr and satisfied charges of ₹6.88 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.83 Cr; the latest was in March 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salasarlaminates.com.
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- TelephoneLocked
- Website
- Social Media
- Registered Address206 2nd Floor Iscon Mall Star Bazzar Building Jodhpur Cross Road, Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
- 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 Salasar Laminates Limited FY 2024 filings available
Salasar Laminates Limited reported revenue of ₹89.14 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Salasar Laminates Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years. 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 Salasar Laminates Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹89.14 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.73 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹75.76 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 Salasar Laminates Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Salasar Laminates 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 Salasar Laminates Limited
Salasar Laminates Limited is audited by J .T.Shah & Company for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J .T.Shah & Company | 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 Salasar Laminates Limited
Salasar Laminates has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Vijay Bhai Agarwal | Whole-Time Director | 30 Jan 2002 | 24 Years 8 Months | Current |
| Vishal Agarwal Vijay Bhai Also directs: Heritage Decorative Surfaces LLP, Deco Mica Limited, Kavery Laminart Private Limited and 5 more | Director | 23 Dec 2008 | 17 Years 9 Months | Current |
| Vijay Kumar Dindayal Agarwal | Director | 18 Nov 2008 | 17 Years 10 Months | Current |
| Amarnath Tripathi Basudev | Director | 27 Feb 2019 | 7 Years 7 Months | Current |
Ownership and Shareholding of Salasar Laminates 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 Salasar Laminates Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2022 | Hdfc Bank Limited | ₹8.98 Lakh | Open |
| 04 Feb 2016 | Hdfc Bank Limited | ₹67 Lakh | Open |
| 17 May 2008 | Hdfc Bank Limited | ₹29.37 Cr | Open |
| 08 Apr 2008 | Hdfc Bank Limited | ₹27.39 Cr | Open |
| 27 Jun 2003 | Uco Bank | ₹3.44 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Salasar Laminates Limited
Salasar Laminates Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.83 Cr; the latest was in March 2014.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹13.5 Lakh | Investors: Avin Star Multi-Link and Information Systems Private Limited , Aasiyana Technocast and Scrap Private Limited |
| Apr 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Shrithi Growth Fund Private Limited |
| Feb 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ranakpur Securities Limited , Shree Corporation, Nexus Software Limited , an individual |
| Feb 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sevtang International Private Limited, Millenium Agro Systems Private Limited , Madsan Agency Private Limited |
| Mar 2006 | Funding round | ₹5.69 Cr | Investors: Fitworth Distributors Pvt Ltd , Ramuka Commercial Pvt. Ltd. , Lumax Merchandise Private Limited |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
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 Salasar Laminates Limited
Salasar Laminates Limited has 8 court cases on record: 6 filed by Salasar Laminates, 2 filed against it. 3 cases are pending and 5 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 2 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ajmer, Rajasthan | Court case (Complaint) | Filed against the company by State | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by an individual | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Kishan Chand and Sons | Disposed |
Full case history
All 8 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.
Associated Brands with Salasar Laminates Limited
Salasar Laminates operates one associated brand: Salasar Laminates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies durable laminates for home and business applications worldwide. | salasarlaminates.com |
Employees and EPFO Compliance at Salasar Laminates Limited
Salasar Laminates Limited has a workforce of 115 employees as of Feb 26, 2025.
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.
Name History of Salasar Laminates Limited
Salasar Laminates has undergone 2 name changes throughout its history. The company was previously known as Millennium Laminates Private Limited, and Salasar Laminates Private Limited. The current legal name is Salasar Laminates Limited.
| Company Name | Status |
|---|---|
| Salasar Laminates Limited | Current |
| Millennium Laminates Private Limited | Previous |
| Salasar Laminates Private Limited | Previous |
CIN History of Salasar Laminates Limited
Salasar Laminates has one previous CIN (Corporate Identification Number): U20212GJ2002PTC040412. The current CIN is U20212GJ2002PLC040412, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20212GJ2002PLC040412 | Current |
| U20212GJ2002PTC040412 | Previous |
Recent Activity on Salasar Laminates Limited
Salasar Laminates Limited has 11 board changes on record since 2002: 4 appointments and 7 cessations. The latest: Amarnath Tripathi Basudev ceased to be Additional Director on 30 Nov 2021.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Salasar Laminates 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 Salasar Laminates 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 Salasar Laminates 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 Salasar Laminates Limited
Salasar Laminates has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCM7891E1ZD | Gujarat | Active | 01 Jul 2017 |
| 19AACCM7891E1Z4 | West Bengal | Active | 03 Jul 2019 |
| 27AACCM7891E1Z7 | Maharashtra | Active | 18 Dec 2019 |
| 29AACCM7891E1Z3 | Karnataka | Active | 19 Apr 2021 |
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 Salasar Laminates 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 Salasar Laminates Limited
Salasar Laminates is an active public limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 30 January 2002 (24+ years old) and is registered under CIN U20212GJ2002PLC040412.
Salasar Laminates reported revenue of ₹89.14 Cr for FY 2024.
Salasar Laminates has 4 current directors:
- Vikas Vijay Bhai Agarwal - Whole-Time Director
- Vishal Agarwal Vijay Bhai - Director
- Vijay Kumar Dindayal Agarwal - Director
- Amarnath Tripathi Basudev - Director
Salasar Laminates reported a net profit of ₹75.76 Lakh (net margin 0.8%) and EBITDA of ₹1.73 Cr (EBITDA margin 1.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Salasar Laminates is 2% over three years and 3% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Salasar Laminates is 24AACCM7891E1ZD, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 19AACCM7891E1Z4 (West Bengal), 27AACCM7891E1Z7 (Maharashtra), 29AACCM7891E1Z3 (Karnataka).
The CIN (Corporate Identification Number) of Salasar Laminates is U20212GJ2002PLC040412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salasar Laminates has 8 court cases on record: 6 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Salasar Laminates was incorporated on 30 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Salasar Laminates has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.83 Cr; the latest was in March 2014.