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 10 peer companies in the Manufacturing industry (Pipes) are compared by revenue, 5 larger and 5 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 of Shand Pipe Industry Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 52 7th Corss Wilson Garden, Bangalore, Karnataka, India – 560027
- IndustryManufacturing, Pipe & Tubes
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Associated Brands with Shand Pipe Industry Private Limited
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 of Shand Pipe Industry Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Shand Pipe Industry Private Limited FY 2025 filings available
Shand 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) of Shand Pipe Industry Private Limited
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 of Shand Pipe Industry Private Limited
| 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 | ₹6.92 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.23 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 of Shand Pipe Industry Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Shand Pipe Industry are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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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 of Shand Pipe Industry Private Limited
Shand Pipe Industry Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Pipes). Net profit, margin and employee counts of each company are in the company report.
| 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 |
| Asrani Profiles & Pipes Private Limited | ₹97.33 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Secunderabad, Telangana, India |
| Aristo Pipes and Tubes Private Limited | ₹96.2 Cr (FY 2024) | •••• | •••• | 967.0% | •••• | Mumbai, Maharashtra, India |
| Jaideep Steelworks India Private Limited | ₹96.13 Cr (FY 2025) | •••• | •••• | 100352.0% | •••• | Indore, Madhya Pradesh, India |
| Om Steel Tubes Ltd | ₹95.91 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Shand Pipe Industry Private Limited this company | ₹95.16 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Vishal Heavy Engineering. Private Limited | ₹93.93 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Tribeda Vyapaar Private Limited | ₹93.89 Cr (FY 2018) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Yogesh Tubes Private Limited | ₹93.17 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Nagpur, Maharashtra, India |
| Four Ess Steel Products Private Limited | ₹92.04 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Lucknow, Uttar Pradesh, India |
| RMG Steels Private Limited | ₹92.02 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Shand Pipe Industry by revenue in the Manufacturing industry (Pipes), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shand Pipe Industry Private Limited
Shand Pipe Industry Private Limited is audited by Rahul R Kothari & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rahul R Kothari & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Shand Pipe Industry Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Shand Pipe Industry Private Limited
Open charges
₹10.9 Cr
Satisfied charges
₹2.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jan 2024 | Others | ₹90 Lakh | Open |
| 30 Nov 2013 | Others | ₹10 Cr | Open |
| 28 Apr 2006 | Syndicate Bank | ₹2.85 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Shand Pipe Industry Private Limited
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 |
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Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Shand Pipe Industry Private Limited
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. Status as checked between 21 Sep 2026 and 03 Oct 2026.
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 of Karnataka | Writ petition | Filed by the company against an individual | Pending |
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Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Shand Pipe Industry Private Limited
Shand Pipe Industry Private Limited has a workforce of 25 employees as of Apr 01, 2024.
Employee count
25
Active EPFO establishments
1
Employee growth
19.05%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Shand Pipe Industry Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Shand Pipe Industry Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Shand Pipe Industry Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Shand Pipe Industry Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Shand Pipe Industry Private Limited
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 |
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GST registrations and filing compliance
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MCA Filings & Documents of Shand Pipe Industry Private Limited
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MCA filings and documents
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Frequently Asked Questions about Shand Pipe Industry Private Limited
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 reported revenue of ₹95.16 Cr for FY 2025 (down 6% YoY).
Shand Pipe Industry has 2 current directors:
- Ajay Shand - Managing Director
- Sanjay Shand - Director
Shand Pipe Industry reported a net profit of ₹3.23 Cr (net margin 3.4%) and EBITDA of ₹6.92 Cr (EBITDA margin 7.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shand Pipe Industry is 15% over three years and 9% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
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, Asrani Profiles & Pipes Private Limited, Aristo Pipes and Tubes Private Limited, Jaideep Steelworks India Private Limited, Om Steel Tubes Ltd and 5 more, all in the Manufacturing industry (Pipes).