About Shah Products Limited
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Shah Products Limited is a public limited company based in Nadiad, Gujarat, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 21 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21000GJ2012PLC070869. Its GSTIN is 24AARCS7898C1ZP (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Chandravadan Chimanlal Shah and Sheetal Nilesh Shah.
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 C – 3/3 – 3/4 G I D C Estate Mill Road, Nadiad, Gujarat, India – 387001.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.88 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹86.46 Lakh (net margin 14.7%) and EBITDA of ₹1.35 Cr (EBITDA margin 22.9%). Revenue has grown at a compounded annual rate (CAGR) of 97% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹20.8 Cr and satisfied charges of ₹5.25 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 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 shahproducts.com.
Company details
Contact details
Shah Products Limited's registered office is in Nadiad, Gujarat. Its website is shahproducts.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 3/3 – 3/4 G I D C Estate Mill Road, Nadiad, Gujarat, India – 387001
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Shah Products 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 Shah Products 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 Shah Products Limited, buy the company report.
Financials of Shah Products Limited
FY 2024 filings availableShah Products Limited reported revenue of ₹5.88 Cr (down 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA rose 29% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.35 Cr | ||||
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| Net Profit (PAT) | ₹86.46 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.9% | ||||
| Net Profit Margin | 14.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shah Products Limited, buy the company report.
Board of directors of Shah Products Limited
Shah Products has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandravadan Chimanlal Shah Also directs: Shah Paperplast Industries Limited | Director | 21 Jun 2012 | 14 Years 4 Months | Current |
| Sheetal Nilesh Shah Also directs: Shah Paperplast Industries Limited | Director | 21 Jun 2012 | 14 Years 4 Months | Current |
| Nilesh Chandravadan Shah Also directs: Shah Paperplast Industries Limited | Director | 21 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
Shah Products Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Vandana Tissue Papers Private Limited | ₹5.97 Cr (FY 2024) | 26.0% | Chennai, Tamil Nadu, India | |||
| Mansi Paper Products Pvt Ltd | ₹5.94 Cr (FY 2025) | 9.0% | Aurangabad, Maharashtra, India | |||
| Shah Products Limitedthis company | ₹5.88 Cr (FY 2024) | ₹86.46 Lakh | 14.7% | -11.0% | Nadiad, Gujarat, India | |
| Tucsonpac (India) Private Limited | ₹5.88 Cr (FY 2025) | 13.0% | Changodar, Gujarat, India | |||
| Times Press People Private Limited | ₹5.84 Cr (FY 2025) | 2.0% | Thane, Maharashtra, India |
To see the full peer comparison of Shah Products Limited, buy the company report.
Auditor
Shah Products Limited is audited by S A R C & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A R C & ASSOCIATES | FY 2023 | 006085N |
Shareholding
The shareholding of Shah Products Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shah Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2025 | 101121223 | Others | ₹17.8 Cr | Open | |
| 19 Apr 2023 | 100706314 | Others | ₹3 Cr | Open | |
| 18 Mar 2017 | 100094911 | Others | ₹5.25 Cr | Satisfied |
To see the full charge records of Shah Products Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Shah Products Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
To see the full case history of Shah Products 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 Shah Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shah Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AARCS7898C1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shah Products Limited, buy the company report.
Recent activity
Shah Products Limited has 3 board changes on record since 2012: 3 appointments. The latest: Chandravadan Chimanlal Shah was appointed as Director on 21 Jun 2012.
Frequently asked questions
Shah Products is an active public limited company based in Nadiad, Gujarat, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 21 June 2012 (14+ years old) and is registered under CIN U21000GJ2012PLC070869.
Shah Products has 3 current directors:
- Chandravadan Chimanlal Shah - Director
- Sheetal Nilesh Shah - Director
- Nilesh Chandravadan Shah - Director
The latest financial statements of Shah Products on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shah Products is 24AARCS7898C1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Shah Products is U21000GJ2012PLC070869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shah Products has 2 court cases on record: 2 filed against it. 1 is pending.
Shah Products was incorporated on 21 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shah Products by revenue are Vandana Tissue Papers Private Limited, Mansi Paper Products Pvt Ltd, Tucsonpac (India) Private Limited, Times Press People Private Limited, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Chandravadan Chimanlal Shah was appointed as Director on 21 Jun 2012. Nilesh Chandravadan Shah was appointed as Director on 21 Jun 2012. Sheetal Nilesh Shah was appointed as Director on 21 Jun 2012.
Shah Products can be reached through the website shahproducts.com. Its registered office is in Nadiad, Gujarat, India.
The registered office of Shah Products is at C – 33 – 34 G I D C Estate Mill Road, Nadiad, Gujarat, India – 387001.
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