MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0022231
Shilpa Stainless Private Limited - home & lifestyle in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹80.49 Cr
▼ 2% YoY
Net profit · FY 2025
₹1 Cr
Net margin 1.2%
EBITDA · FY 2025
₹7.6 Cr
EBITDA margin 9.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹8.41 Lakh
Issued & subscribed
Open charges
₹36.34 Cr
Satisfied ₹19.67 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
170
Provident fund records
About Shilpa Stainless Private Limited
Data last updated:
Shilpa Stainless Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 23 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27100TN2010PTC075040. Its GSTIN is 33AANCS9849M1ZE (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹8.41 Lakh. It is led by directors including Rakesh Shah (Managing Director) and Bhavana Shah (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 New No 58 Old No 80 Dr Alagappa Road Purusawalkam, Chennai, Tamil Nadu, India – 600084.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.49 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹1 Cr (net margin 1.2%) and EBITDA of ₹7.6 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over five years.
The company has about 170 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Praylady. As per MCA filings, the company has open charges of ₹36.34 Cr and satisfied charges of ₹19.67 Cr on record. Court records list 23 cases involving the company, including 16 filed by the company and 7 filed against it; 11 cases are pending.
Shilpa Stainless Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0022231). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website praylady.in.
Company details
CIN U27100TN2010PTC075040
Registration Number 075040
Incorporation Date 23 March 2010
ROC Chennai
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 Medium
Udyam Registration UDYAM-TN-02-0022231
Key People
Rakesh Shah Managing Director Bhavana Shah Whole-Time Director Gulabchandjain Mangal Whole-Time Director Recognitions & Rankings of Shilpa Stainless
Contact details
Shilpa Stainless Private Limited's registered office is in Chennai, Tamil Nadu. Its website is praylady.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No 58 Old No 80 Dr Alagappa Road Purusawalkam, Chennai, Tamil Nadu, India – 600084
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of Shilpa Stainless Private Limited, buy the company report.
Comprehensive company report
Shilpa Stainless 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
Shilpa Stainless operates one associated brand: Praylady. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacture of stainless steel cookware, pressure cookers, and kitchen appliances in India. | praylady.in |
Business activity
The main business activity of Shilpa Stainless is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Shilpa Stainless Private Limited, buy the company report.
Financials of Shilpa Stainless Private Limited
FY 2025 filings availableShilpa Stainless Private Limited reported revenue of ₹80.49 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹80.49 Cr ▼ 2%
Net profit · FY 2025
₹1 Cr margin 1.2%
EBITDA · FY 2025
₹7.6 Cr margin 9.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 5%
5 years · compounded
▲ 21%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 5% 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 | ₹80.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1 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 | 9.4% | ||||
| Net Profit Margin | 1.2% | ||||
| 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 Shilpa Stainless Private Limited, buy the company report.
Board of directors of Shilpa Stainless Private Limited
Shilpa Stainless has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratham Rakesh Shah Also directs: Changed Amp LLP, Orqa Aqua Private Limited | Additional Director | 20 Apr 2021 | 5 Years 6 Months | Current |
| Rakesh Shah Also directs: Tankar Shrut Setu Foundation | Managing Director | 23 Mar 2010 | 16 Years 7 Months | Current |
| Bhavana Shah | Whole-Time Director | 01 Feb 2012 | 14 Years 9 Months | Current |
| Gulabchandjain Mangal | Whole-Time Director | 01 Aug 2013 | 13 Years 3 Months | Current |
| Chhaganlal Purohit | Whole-Time Director | 01 Aug 2013 | 13 Years 3 Months | Current |
Peer comparison
Shilpa Stainless Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Crockery and Utensils Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anna Aluminium Company Private Limited | ₹84.03 Cr (FY 2025) | -4.0% | Aluva, Kerala, India | |||
| Onex Industries Private Limited | ₹83.55 Cr (FY 2024) | 31.0% | New Delhi, Delhi, India | |||
| Shilpa Stainless Private Limitedthis company | ₹80.49 Cr (FY 2025) | ₹1 Cr | 1.2% | -2.0% | 170 | Chennai, Tamil Nadu, India |
| Raadhiya Industries Private Limited | ₹80.1 Cr (FY 2024) | 44.0% | Jagadhri, Haryana, India | |||
| Ever Shine Appliances Private Limited | ₹75.2 Cr (FY 2022) | 41.0% | Surat, Gujarat, India | |||
| VL Appliance India Private Limited | ₹75.03 Cr (FY 2023) | -10.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Shilpa Stainless Private Limited, buy the company report.
Auditor
Shilpa Stainless Private Limited is audited by SHEETAL AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHEETAL AND ASSOCIATES | FY 2021 | 012536S |
Shareholding
The shareholding of Shilpa Stainless 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 Shilpa Stainless Private Limited, buy the company report.
Charges & borrowings
Open charges
₹36.34 Cr
Satisfied charges
₹19.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2025 | 101200368 | Others | ₹25.72 Lakh | Open | |
| 25 Nov 2022 | 100657868 | Others | ₹86 Lakh | Open | |
| 23 Aug 2022 | 100652728 | Others | ₹47.22 Lakh | Open | |
| 25 Aug 2021 | 100489256 | Tata Capital Financial Services Limited | ₹35 Lakh | Open | |
| 20 Jun 2020 | 100355645 | Yes Bank Limited | ₹2.23 Cr | Open |
To see the full charge records of Shilpa Stainless Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Shilpa Stainless Private Limited has 23 court cases on record: 16 filed by Shilpa Stainless, 7 filed against it. 11 cases are pending and 12 are disposed.
Total cases
23
Filed by the company
16
Filed against the company
7
Pending
11
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 4 | 11 |
| District courts | 9 | 3 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed against the company by Vinod Cookware India Private Limited | Pending |
| High Court, MAHARASHTRA | Court case (CRR) | Filed against the company by Vinod Cookware India Private Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against M/S. A.G.S. Rathna Stores Pvt. Ltd., and 2 Others | Disposed |
| Madras High Court | Writ petition | Filed by the company against Deputy Commissioner of GST and Central Excise | Pending |
| Madras High Court | Writ petition | Filed by the company against The Additional Commissioner of GST (Appeals-I) | Pending |
To see the full case history of Shilpa Stainless 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.
Credit ratings & regulatory alerts
Shilpa Stainless Private Limited was last rated by Crisil on 15 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jun 2021 |
To see the full credit ratings and regulatory alerts of Shilpa Stainless Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shilpa Stainless Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shilpa Stainless Private Limited has a workforce of 170 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
170
Active EPFO establishments
1
Employee growth
49.12%
GST
Shilpa Stainless has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AANCS9849M1ZE | Tamil Nadu | Active | 01 Jul 2017 |
| 24AANCS9849M1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shilpa Stainless Private Limited, buy the company report.
Recent activity
Shilpa Stainless Private Limited has 10 board changes on record since 2010: 5 appointments and 5 cessations. The latest: Bhavana Shah ceased to be Director on 22 Apr 2021.
Charges
A charge with Yes Bank Limited of Rs. 3,217.00 Lakh registered on 20 Nov 2018 with Charge ID 100226537 was modified on 06 Aug 2026.
Charges
A charge with Others amounted to Rs. 25.72 Lakh with Charge ID 101200368 was registered on 25 Nov 2025.
AGM
Shilpa Stainless Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shilpa Stainless Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 86.00 Lakh with Charge ID 100657868 was registered on 25 Nov 2022.
Charges
A charge with Others amounted to Rs. 47.22 Lakh with Charge ID 100652728 was registered on 23 Aug 2022.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 35.00 Lakh with Charge ID 100489256 was registered on 25 Aug 2021.
Ceased
Bhavana Shah ceased to be Director.
Ceased
Chhaganlal Purohit ceased to be Director.
Ceased
Gulabchandjain Mangal ceased to be Director.
Ceased
Rakesh Shah ceased to be Director.
Appointed
Pratham Rakesh Shah was appointed as Additional Director.
19 earlier events are in the company report.
Frequently asked questions
Shilpa Stainless is an active private limited company based in Chennai, Tamil Nadu, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 23 March 2010 (16+ years old) and is registered under CIN U27100TN2010PTC075040.
Shilpa Stainless has 5 current directors:
- Rakesh Shah - Managing Director
- Bhavana Shah - Whole-Time Director
- Gulabchandjain Mangal - Whole-Time Director
- Chhaganlal Purohit - Whole-Time Director
- Pratham Rakesh Shah - Additional Director
The latest financial statements of Shilpa Stainless 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 Shilpa Stainless is 33AANCS9849M1ZE, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AANCS9849M1ZD (Gujarat).
The CIN (Corporate Identification Number) of Shilpa Stainless is U27100TN2010PTC075040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shilpa Stainless has 23 court cases on record: 16 filed by the company and 7 filed against it. 11 are pending. Most are in the high courts.
Shilpa Stainless was incorporated on 23 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Shilpa Stainless by revenue are Anna Aluminium Company Private Limited, Onex Industries Private Limited, Raadhiya Industries Private Limited, Ever Shine Appliances Private Limited, VL Appliance India Private Limited, all in the Consumer Products industry (Crockery and Utensils Manufacturers), with the same principal business activity (metal and metal products).
Bhavana Shah ceased to be Director on 22 Apr 2021. Chhaganlal Purohit ceased to be Director on 22 Apr 2021. Gulabchandjain Mangal ceased to be Director on 22 Apr 2021. Shilpa Stainless has 10 board changes on record in total.
Yes, Shilpa Stainless is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0022231).
Shilpa Stainless can be reached through the website praylady.in. Its registered office is in Chennai, Tamil Nadu, India.
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