MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-RJ-22-0011139
Sethia Handicrafts Private Limited - consumer electronics & durables in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.43 Cr
▼ 9% YoY
Net loss · FY 2025
₹2.49 Cr
Net margin -29.6%
EBITDA · FY 2025
-₹72.39 Lakh
EBITDA margin -8.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹36.33 Lakh
Issued & subscribed
Open charges
₹12.64 Cr
Satisfied ₹22.06 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
13
Provident fund records
About Sethia Handicrafts Private Limited
Data last updated:
Sethia Handicrafts Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 01 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH1999PTC121557. Its GSTIN is 08AAECS2521B1ZW (Rajasthan).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹36.33 Lakh. It is led by directors including Niraj Sethia (Managing Director) and Pankaj Sethia (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 3505/06 Oberoi Woods Tower 'B' Mohan Gokhale Road, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.43 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹2.49 Cr (net margin -29.6%) and EBITDA of -₹72.39 Lakh (EBITDA margin -8.6%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 9% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sethia Handicrafts. As per MCA filings, the company has open charges of ₹12.64 Cr and satisfied charges of ₹22.06 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it.
Sethia Handicrafts Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-22-0011139). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sethiahandicrafts.com.
Company details
CIN U51909MH1999PTC121557
Registration Number 121557
Incorporation Date 01 September 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-RJ-22-0011139
Key People
Niraj Sethia Managing Director Pankaj Sethia Whole-Time Director Nirmal Kumar Sethia Whole-Time Director Recognitions & Rankings of Sethia Handicrafts
Contact details
Sethia Handicrafts Private Limited's registered office is in Mumbai, Maharashtra. Its website is sethiahandicrafts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3505/06 Oberoi Woods Tower 'B' Mohan Gokhale Road, Mumbai, Maharashtra, India – 400063
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Sethia Handicrafts Private Limited, buy the company report.
Comprehensive company report
Sethia Handicrafts Private 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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Brands
Sethia Handicrafts operates one associated brand: Sethia Handicrafts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of solid wooden furniture and related handicrafts in India. | sethiahandicrafts.com |
Business activity
The main business activity of Sethia Handicrafts 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 Sethia Handicrafts Private Limited, buy the company report.
Financials of Sethia Handicrafts Private Limited
FY 2025 filings availableSethia Handicrafts Private Limited reported revenue of ₹8.43 Cr (down 9% YoY) for FY 2025.
Revenue · FY 2025
₹8.43 Cr ▼ 9%
Net loss · FY 2025
₹2.49 Cr margin -29.6%
EBITDA · FY 2025
-₹72.39 Lakh margin -8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 27%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 31%
5 years · compounded
▼ 20%
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 9% fall in the latest year. EBITDA fell 9% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹72.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.49 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 | -8.6% | ||||
| Net Profit Margin | -29.6% | ||||
| 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 Sethia Handicrafts Private Limited, buy the company report.
Board of directors of Sethia Handicrafts Private Limited
Sethia Handicrafts has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Sethia Also directs: Sethia Enterprises Private Limited, 101Knots LLP | Whole-Time Director | 01 Sep 1999 | 27 Years 2 Months | Current |
| Nirmal Kumar Sethia Also directs: Sethia Enterprises Private Limited | Whole-Time Director | 01 Sep 1999 | 27 Years 2 Months | Current |
| Siddarth Nirmal Sethia Also directs: Sethia Enterprises Private Limited | Whole-Time Director | 01 Sep 1999 | 27 Years 2 Months | Current |
| Niraj Sethia | Managing Director | 02 Sep 1999 | 27 Years 2 Months | Current |
Peer comparison
Sethia Handicrafts Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Furniture), 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 |
|---|---|---|---|---|---|---|
| V-Can Furnitech Private Limited | ₹8.46 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Sethia Handicrafts Private Limitedthis company | ₹8.43 Cr (FY 2025) | -₹2.49 Cr | -29.6% | -9.0% | 13 | Mumbai, Maharashtra, India |
| Onevia Marketing Private Limited | ₹8.38 Cr (FY 2024) | 791.0% | Bangalore, Karnataka, India | |||
| Liberty Manufacturers and Marketors Pvt. Ltd. | ₹8.37 Cr (FY 2025) | -20.0% | Udaipur, Rajasthan, India | |||
| Ashoka Furniture Pvt Ltd | ₹8.34 Cr (FY 2025) | 111.0% | Mandi, Himachal Pradesh, India | |||
| Jade Udyam Private Limited | ₹8.33 Cr (FY 2023) | 79.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Sethia Handicrafts Private Limited, buy the company report.
Auditor
Sethia Handicrafts Private Limited is audited by MERTIA DAGA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MERTIA DAGA & ASSOCIATES | FY 2023 | 002056C |
Shareholding
The shareholding of Sethia Handicrafts Private 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 Sethia Handicrafts Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.64 Cr
Satisfied charges
₹22.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2025 | 101201051 | Hdfc Bank Limited | ₹23.99 Lakh | Open | |
| 07 Aug 2023 | 100771902 | Hdfc Bank Limited | ₹10.24 Lakh | Open | |
| 20 Mar 2023 | 100692039 | Hdfc Bank Limited | ₹4.45 Cr | Open | |
| 28 Feb 2022 | 100544978 | Hdfc Bank Limited | ₹28.5 Lakh | Open | |
| 02 Jun 2021 | 100451588 | Others | ₹7.56 Cr | Open |
To see the full charge records of Sethia Handicrafts Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Sethia Handicrafts Private Limited has 8 court cases on record: 6 filed by Sethia Handicrafts, 2 filed against it. All cases are disposed.
Total cases
8
Filed by the company
6
Filed against the company
2
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 0 |
| District courts | 1 | 1 | 0 |
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 | Disposed |
| High Court | Court case (WMAP) | Filed by the company against State of Rajasthan and 1 other | Disposed |
| High Court, RAJASTHAN | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Disposed |
| High Court, RAJASTHAN | Writ petition | Filed by the company against State of Rajasthan and 1 other | Disposed |
| High Court of Rajasthan | Court case (EXCIA) | Filed against the company | Disposed |
To see the full case history of Sethia Handicrafts 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 Sethia Handicrafts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sethia Handicrafts Private Limited has a workforce of 13 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-40.9%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 13 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Sethia Handicrafts Private Limited, buy the company report.
GST
Sethia Handicrafts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAECS2521B1ZW | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sethia Handicrafts Private Limited, buy the company report.
Recent activity
Sethia Handicrafts Private Limited has 4 board changes on record since 1999: 4 appointments. The latest: Niraj Sethia was appointed as Managing Director on 02 Sep 1999.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.24 Cr with Charge ID 101201051 was registered on 05 Dec 2025.
AGM
Sethia Handicrafts Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sethia Handicrafts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 09 Oct 2019 via Charge ID 100303407 with Hdfc Bank Limited was fully satisfied on 09 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 100771902 was registered on 07 Aug 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.45 Cr with Charge ID 100692039 was registered on 20 Mar 2023.
Charges
A charge registered on 30 Jul 2019 via Charge ID 100282486 with Others was fully satisfied on 26 Feb 2023.
Charges
A charge registered on 10 Jun 2021 via Charge ID 100451590 with Others was fully satisfied on 05 Dec 2022.
Charges
A charge with Others of Rs. 7.56 Cr registered on 02 Jun 2021 with Charge ID 100451588 was modified on 03 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.29 Cr with Charge ID 100544978 was registered on 28 Feb 2022.
Charges
A charge with Others of Rs. 0.49 Cr registered on 10 Jun 2021 with Charge ID 100451590 was modified on 29 Sep 2021.
Charges
A charge registered on 21 Jul 2017 via Charge ID 100116783 with Hdfc Bank Limited was fully satisfied on 06 Aug 2021.
34 earlier events are in the company report.
Frequently asked questions
Sethia Handicrafts is an active private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 01 September 1999 (27+ years old) and is registered under CIN U51909MH1999PTC121557.
Sethia Handicrafts has 4 current directors:
- Niraj Sethia - Managing Director
- Pankaj Sethia - Whole-Time Director
- Nirmal Kumar Sethia - Whole-Time Director
- Siddarth Nirmal Sethia - Whole-Time Director
The latest financial statements of Sethia Handicrafts 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 Sethia Handicrafts is 08AAECS2521B1ZW, registered in Rajasthan.
The CIN (Corporate Identification Number) of Sethia Handicrafts is U51909MH1999PTC121557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethia Handicrafts has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
Sethia Handicrafts was incorporated on 01 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sethia Handicrafts by revenue are V-Can Furnitech Private Limited, Onevia Marketing Private Limited, Liberty Manufacturers and Marketors Pvt. Ltd, Ashoka Furniture Pvt Ltd, Jade Udyam Private Limited, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Niraj Sethia was appointed as Managing Director on 02 Sep 1999. Nirmal Kumar Sethia was appointed as Whole-Time Director on 01 Sep 1999. Pankaj Sethia was appointed as Whole-Time Director on 01 Sep 1999. Sethia Handicrafts has 4 board changes on record in total.
Yes, Sethia Handicrafts is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-22-0011139).
Sethia Handicrafts can be reached through the website sethiahandicrafts.com. Its registered office is in Mumbai, Maharashtra, India.
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