MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0073295
Shand Pipe Industry Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹95.16 Cr
▼ 6% YoY
Net profit · FY 2025
₹3.23 Cr
Net margin 3.4%
EBITDA · FY 2025
₹6.92 Cr
EBITDA margin 7.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.89 Cr
Issued & subscribed
Open charges
₹10.9 Cr
Satisfied ₹2.85 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
25
Provident fund records
About Shand Pipe Industry Private Limited
Data last updated:
Shand Pipe Industry Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 30 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25191KA1992PTC013116. Its GSTIN is 29AAECS9353F1Z0 (Karnataka). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.89 Cr. It was formerly known as Surya Hoses Private Limited. It is led by directors Ajay Shand (Managing Director) and Sanjay Shand.
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 No. 52 7th Corss Wilson Garden, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.16 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹3.23 Cr (net margin 3.4%) and EBITDA of ₹6.92 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shand Group and Raksha Pipes. As per MCA filings, the company has open charges of ₹10.9 Cr and satisfied charges of ₹2.85 Cr on record. Court records list 14 cases involving the company, including 14 filed by the company; 6 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.44 Cr; the latest was in May 2023. Its 4 peer companies in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Hi-Tech Polyplast Nagpur Private Limited with revenue of ₹97.55 Cr.
Shand Pipe Industry Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0073295). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rakshapipes.com.
Company details
CIN U25191KA1992PTC013116
Registration Number 013116
Incorporation Date 30 April 1992
ROC Bangalore
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 Small
Udyam Registration UDYAM-KR-03-0073295
Recognitions & Rankings of Shand Pipe Industry
Contact details
Shand Pipe Industry Private Limited's registered office is in Bangalore, Karnataka. Its website is rakshapipes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 52 7th Corss Wilson Garden, Bangalore, Karnataka, India – 560027
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Shand Pipe Industry Private Limited, buy the company report.
Comprehensive company report
Shand Pipe Industry 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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Secure checkout · GST invoice included
Brands
Shand Pipe Industry operates two associated brands: Shand Group and Raksha Pipes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and exporter of PVC pipes, plastic pipes, and fittings | shandgroup.com | |
| Manufacturer of PVC, UPVC & CPVC Pipes and fittings | rakshapipes.com |
Business activity
The main business activity of Shand Pipe Industry is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Shand Pipe Industry Private Limited, buy the company report.
Financials of Shand Pipe Industry Private Limited
FY 2025 filings availableShand Pipe Industry Private Limited reported revenue of ₹95.16 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹95.16 Cr ▼ 6%
Net profit · FY 2025
₹3.23 Cr margin 3.4%
EBITDA · FY 2025
₹6.92 Cr margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 15%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▼ 1%
5 years · compounded
▲ 12%
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 15% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹6.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.23 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 3.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Shand Pipe Industry Private Limited, buy the company report.
Board of directors of Shand Pipe Industry Private Limited
Shand Pipe Industry has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Shand | Director | 20 May 2021 | 5 Years 5 Months | Current |
| Ajay Shand Also directs: Diamond Pipes & Tubes Private Limited, Fulfil Tieup Pvt Ltd, Deshana Finlease Services Limited and 1 more | Managing Director | 30 Apr 1992 | 34 Years 5 Months | Current |
Peer comparison
Shand Pipe Industry Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hi-Tech Polyplast Nagpur Private Limited | ₹97.55 Cr (FY 2025) | -17.0% | Nagpur, Maharashtra, India | |||
| Aristo Pipes and Tubes Private Limited | ₹96.2 Cr (FY 2024) | 967.0% | Mumbai, Maharashtra, India | |||
| Shand Pipe Industry Private Limitedthis company | ₹95.16 Cr (FY 2025) | ₹3.23 Cr | 3.4% | -6.0% | 25 | Bangalore, Karnataka, India |
| Vishal Heavy Engineering. Private Limited | ₹93.93 Cr (FY 2025) | -35.0% | Ghaziabad, Uttar Pradesh, India | |||
| Yogesh Tubes Private Limited | ₹93.17 Cr (FY 2025) | -9.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Shand Pipe Industry Private Limited, buy the company report.
Auditor
Shand Pipe Industry Private Limited is audited by Rahul R Kothari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rahul R Kothari & Associates | FY 2023 | 022664S |
Shareholding
The shareholding of Shand Pipe Industry 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shand Pipe Industry Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.9 Cr
Satisfied charges
₹2.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2024 | 100866461 | Others | ₹90 Lakh | Open | |
| 30 Nov 2013 | 10466643 | Others | ₹10 Cr | Open | |
| 28 Apr 2006 | 10001547 | Syndicate Bank | ₹2.85 Cr | Satisfied |
To see the full charge records of Shand Pipe Industry Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Shand Pipe Industry Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.44 Cr; the latest was in May 2023.
Total deals
8
Secondary share transfers
6
Funding rounds
2
Disclosed funding
₹12.44 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Dalal Street Vinimay Pvt Ltd , NKP Fincom Pvt Ltd , Alpha Sales Private Limited |
| Mar 2007 | Funding round | ₹2.5 Cr | Investors: Tapasya Finvest Private Limited , Bhavsagar Vyapaar Pvt Ltd , Rajesh Vanijya Pvt Ltd |
| Feb 2007 | Secondary share transfer | Undisclosed | Buyer: Synergy Vyapaar Private Limited , Bhujadhari Consultant Private Limited, Jealous Tie-Up Private Limited Seller: SCM Holding Private Limited , Swarnim Fintrade Pvt Ltd , Richfield Financial Services Ltd |
To see the full deal history of Shand Pipe Industry Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shand Pipe Industry Private Limited has 14 court cases on record: 14 filed by Shand Pipe Industry. 6 cases are pending and 8 are disposed.
Total cases
14
Filed by the company
14
Pending
6
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 5 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Shand Pipe Industry 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 Shand Pipe Industry Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shand Pipe Industry Private Limited has a workforce of 25 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
19.05%
GST
Shand Pipe Industry has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECS9353F1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shand Pipe Industry Private Limited, buy the company report.
Recent activity
Shand Pipe Industry Private Limited has 4 board changes on record since 1992: 2 appointments and 2 cessations. The latest: Sanjay Shand was appointed as Director on 20 May 2021.
AGM
Shand Pipe Industry Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shand Pipe Industry Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 100866461 was registered on 27 Jan 2024.
Charges
A charge with Others of Rs. 10.00 Cr registered on 30 Nov 2013 with Charge ID 10466643 was modified on 24 Jun 2021.
Appointed
Sanjay Shand was appointed as Director.
Ceased
Surekha Shand ceased to be Director.
Ceased
Tushar Shand ceased to be Director.
Charges
A charge registered on 28 Apr 2006 via Charge ID 10001547 with Syndicate Bank was fully satisfied on 05 Dec 2013.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 10466643 was registered on 30 Nov 2013.
Charges
A charge with Syndicate Bank amounted to Rs. 2.85 Cr with Charge ID 10001547 was registered on 28 Apr 2006.
Appointed
Ajay Shand was appointed as Managing Director.
Incorporation
30 Apr 1992
Shand Pipe Industry Private Limited was registered on 30 Apr 1992 with Roc Bangalore & aged 34 years 5 months as per MCA records.
Frequently asked questions
Shand Pipe Industry is an active private limited company based in Bangalore, Karnataka, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 30 April 1992 (34+ years old) and is registered under CIN U25191KA1992PTC013116.
Shand Pipe Industry has 2 current directors:
- Ajay Shand - Managing Director
- Sanjay Shand - Director
The latest financial statements of Shand Pipe Industry 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 Shand Pipe Industry is 29AAECS9353F1Z0, registered in Karnataka. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Shand Pipe Industry is U25191KA1992PTC013116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shand Pipe Industry has 14 court cases on record: 14 filed by the company. 6 are pending. Most are in the district courts.
Shand Pipe Industry was incorporated on 30 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Shand Pipe Industry has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.44 Cr; the latest was in May 2023.
The peers of Shand Pipe Industry by revenue are Hi-Tech Polyplast Nagpur Private Limited, Aristo Pipes and Tubes Private Limited, Vishal Heavy Engineering. Private Limited, Yogesh Tubes Private Limited, all in the Manufacturing industry (Pipes), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sanjay Shand was appointed as Director on 20 May 2021. Surekha Shand ceased to be Director on 18 May 2021. Tushar Shand ceased to be Director on 11 Feb 2019. Shand Pipe Industry has 4 board changes on record in total.
Yes, Shand Pipe Industry is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0073295).