About Shandar Modular Systems Private Limited
Data last updated:
Shandar Modular Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 21 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U36109PN2004PTC019867. Its GSTIN is 27AAICS5332C1ZJ (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sujata Anand Thorat and Ashwin Thorat Digambar.
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 Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.97 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹1.43 Cr (net margin 13%) and EBITDA of ₹2.05 Cr (EBITDA margin 18.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 8% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.73 Cr and satisfied charges of ₹1.14 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siplprojects.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGat No – 100 Plot No – 11 12 &13 Hicliff Industrial Estate Off Nagar Road Kesnand Phata W, Agholi, Pune, Maharashtra, India – 412313
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
- 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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Business Activity of Shandar Modular Systems Private Limited
The main business activity of Shandar Modular Systems is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Shandar Modular Systems Private Limited FY 2025 filings available
Shandar Modular Systems Private Limited reported revenue of ₹10.97 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shandar Modular Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 36% growth in the latest year. EBITDA rose 52% 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 Shandar Modular Systems 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 | ₹2.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.43 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 Shandar Modular Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13% | •••• | •••• | •••• | •••• |
| 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 Shandar Modular Systems 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.
Peer Comparison of Shandar Modular Systems Private Limited
Shandar Modular Systems Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Furniture, Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omtronix Services Private Limited | ₹10.98 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Bhubaneswar, Odisha, India |
| Unidesign & Concepts Private Limited | ₹10.98 Cr (FY 2024) | •••• | •••• | 68.0% | •••• | Delhi, India |
| Minoshima India Private Limited | ₹10.98 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Agniforma Techcraft Private Limited | ₹10.98 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Ahmedabad, Gujarat, India |
| Star Copiers Private Limited | ₹10.97 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Pune, Maharashtra, India |
| Shandar Modular Systems Private Limited this company | ₹10.97 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Pune, Maharashtra, India |
| Software Testing Certification Board | ₹10.97 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bikaner, Rajasthan, India |
| Eisen Hardware Solutions Private Limited | ₹10.96 Cr (FY 2025) | •••• | •••• | 167.0% | •••• | Gundasara Ta Gondal, Gujarat, India |
| Choudhary Advisory Services Private Limited | ₹10.95 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kolkata, West Bengal, India |
| Test 2 Build Private Limited | ₹10.93 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Chennai, Tamil Nadu, India |
| Dataintelo Solutions LLP | ₹10.93 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Shandar Modular Systems by revenue in the Consumer Services industry (Furniture, Professional Services), 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 Shandar Modular Systems Private Limited
Shandar Modular Systems Private Limited is audited by SMDL & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SMDL & Associates | 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 Shandar Modular Systems Private Limited
Shandar Modular Systems has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujata Anand Thorat Also directs: Shandar Interior Pvt Ltd | Director | 21 Oct 2004 | 21 Years 11 Months | Current |
| Ashwin Thorat Digambar Also directs: Shandar Interior Pvt Ltd | Director | 21 Oct 2004 | 21 Years 11 Months | Current |
| Umesh Bapurao Mulay | Director | 01 Apr 2008 | 18 Years 6 Months | Current |
| Ujjwala Ashwin Thorat Also directs: Shandar Interior Pvt Ltd | Director | 01 Apr 2015 | 11 Years 6 Months | Current |
Ownership and Shareholding of Shandar Modular Systems Private 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 Shandar Modular Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2022 | Others | ₹8 Cr | Open |
| 08 Jun 2022 | Others | ₹3 Cr | Open |
| 12 Aug 2021 | Others | ₹20 Lakh | Open |
| 27 May 2020 | Others | ₹35 Lakh | Open |
| 27 May 2020 | Others | ₹47.02 Lakh | Open |
Total charge records: 15 View all charges
MSME Payment Delays by Shandar Modular Systems Private Limited
Shandar Modular Systems Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Smart Edge Industries | •••• | •••• | •••• |
| Innofitt Systems Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ortus Fire and Security Systems Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Shandar Modular Systems Private Limited
Shandar Modular Systems Private Limited has a workforce of 29 employees as of Apr 07, 2024.
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.
Recent Activity on Shandar Modular Systems Private Limited
Shandar Modular Systems Private Limited has 7 board changes on record since 2004: 4 appointments and 3 cessations. The latest: Digambar Damodar Thorat ceased to be Director on 20 Aug 2022.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shandar Modular Systems Private 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.
Subsidiaries & Group Companies of Shandar Modular Systems Private 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 Shandar Modular Systems Private Limited
Shandar Modular Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS5332C1ZJ | Maharashtra | Active | 01 Jul 2017 |
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 Shandar Modular Systems Private 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 Shandar Modular Systems Private Limited
Shandar Modular Systems is an active private limited company based in Pune, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 21 October 2004 (22+ years old) and is registered under CIN U36109PN2004PTC019867.
Shandar Modular Systems reported revenue of ₹10.97 Cr for FY 2025 (up 36% YoY).
Shandar Modular Systems has 4 current directors:
- Sujata Anand Thorat - Director
- Ashwin Thorat Digambar - Director
- Umesh Bapurao Mulay - Director
- Ujjwala Ashwin Thorat - Director
Shandar Modular Systems reported a net profit of ₹1.43 Cr (net margin 13%) and EBITDA of ₹2.05 Cr (EBITDA margin 18.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shandar Modular Systems is 10% over three years and 8% over five years. In the latest year (FY 2025) revenue rose 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shandar Modular Systems is 27AAICS5332C1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shandar Modular Systems is U36109PN2004PTC019867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shandar Modular Systems was incorporated on 21 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Shandar Modular Systems by revenue are Omtronix Services Private Limited, Unidesign & Concepts Private Limited, Minoshima India Private Limited, Agniforma Techcraft Private Limited, Star Copiers Private Limited and 5 more, all in the Consumer Services industry (Furniture, Professional Services).
Digambar Damodar Thorat ceased to be Director on 20 Aug 2022. Prakash Madhav Khaire ceased to be Director on 06 Jul 2016. Ujjwala Ashwin Thorat ceased to be Additional Director on 30 Sep 2015. Shandar Modular Systems has 7 board changes on record in total.
Shandar Modular Systems has 6 MSME Form 1 returns on record between 2019 and 2023, listing 27 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Oct 2023.
Shandar Modular Systems can be reached through the website siplprojects.in. Its registered office is in Pune, Maharashtra, India.