About Shirdi Panel Industries Limited
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Shirdi Panel Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 15 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1993PLC075613. Its GSTIN is 27AABCS9402N3ZY (Maharashtra). The company holds 11 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹21.63 Cr. It was formerly known as Shirdi International Engineers Private Limited and Shirdi Industries Private Limited. It is led by directors including Rakeshkumar Hariram Agarwal (Managing Director) and Sarveshkumar Hariram Agarwal (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 2024. The registered office is at A Wing Mhatre Pen Iifloor S B Marg Dadar, Mumbai, Maharashtra, India – 400028.
As per the financials filed for FY 2025, the company reported a revenue of ₹159.43 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹116.12 Cr (net margin 72.8%) and EBITDA of ₹120.48 Cr (EBITDA margin 75.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 238 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Asis India. As per MCA filings, the company has open charges of ₹1,594.2 Cr and satisfied charges of ₹765.32 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 4 cases are pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹28.44 Cr; the latest was in March 2024. Its 8 peer companies in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 4 smaller; the largest is Solid Ply Private Limited with revenue of ₹171.18 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asisindia.com.
Company details
Name history
Shirdi Panel Industries has undergone 2 name changes throughout its history. The company was previously known as Shirdi International Engineers Private Limited, and Shirdi Industries Private Limited. The current legal name is Shirdi Panel Industries Limited.
| Company Name | Status |
|---|---|
| Shirdi Panel Industries Limited | Current |
| Shirdi International Engineers Private Limited | Previous |
| Shirdi Industries Private Limited | Previous |
Contact details
Shirdi Panel Industries Limited's registered office is in Mumbai, Maharashtra. Its website is asisindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA Wing Mhatre Pen Iifloor S B Marg Dadar, Mumbai, Maharashtra, India – 400028
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Shirdi Panel Industries 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
Brands
Shirdi Panel Industries operates one associated brand: Asis India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies decorative laminates, MDF boards, plywood for furnishings. | asisindia.com |
Business activity
The main business activity of Shirdi Panel Industries 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 Shirdi Panel Industries Limited, buy the company report.
Financials of Shirdi Panel Industries Limited
FY 2024 filings availableShirdi Panel Industries Limited reported revenue of ₹159.43 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 35% growth 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 | ₹120.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹116.12 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 | 75.6% | ||||
| Net Profit Margin | 72.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Shirdi Panel Industries Limited, buy the company report.
Board of directors of Shirdi Panel Industries Limited
Shirdi Panel Industries has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakeshkumar Hariram Agarwal Also directs: Shirdi Panel Industries Limited, Dytel Finance and Investments Private Limited, Asis Corporate Advisors Limited and 1 more | Managing Director | 12 Dec 2017 | 8 Years 10 Months | Current |
| Sarveshkumar Hariram Agarwal Also directs: Shirdi Panel Industries Limited, Asis Corporate Advisors Limited | Whole-Time Director | 12 Dec 2017 | 8 Years 10 Months | Current |
| Rakesh Kumar Gian Agarwal Also directs: Shirdi Panel Industries Limited | Director | 16 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Shirdi Panel Industries Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), 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 |
|---|---|---|---|---|---|---|
| Solid Ply Private Limited | ₹171.18 Cr (FY 2024) | 34.0% | Kolkata, West Bengal, India | |||
| Lamtuf Limited | ₹170.43 Cr (FY 2024) | -15.0% | Hyderabad, Telangana, India | |||
| Swadesh Plywoods Private Limited | ₹170.26 Cr (FY 2025) | -13.0% | Chakdah, West Bengal, India | |||
| Oswin Wood Panels Private Limited | ₹161.82 Cr (FY 2025) | -5.0% | Chennai, Tamil Nadu, India | |||
| Shirdi Panel Industries Limitedthis company | ₹159.43 Cr (FY 2025) | ₹116.12 Cr | 72.8% | 35.0% | 238 | Mumbai, Maharashtra, India |
| Ranga Particle Board Industries Private Limited | ₹157.63 Cr (FY 2025) | 34.0% | Hyderabad, Telangana, India | |||
| India Woodline Limited | ₹155.31 Cr (FY 2025) | -3.0% | Delhi, India | |||
| Ecowood Exports Private Limited | ₹148.82 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Manilam Industries India Limited | ₹142.16 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shirdi Panel Industries Limited, buy the company report.
Auditor
Shirdi Panel Industries Limited is audited by Mehta Singhvi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mehta Singhvi & Associates | FY 2023 | 122217W |
Shareholding
The shareholding of Shirdi Panel Industries 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 Shirdi Panel Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2025 | 101041474 | Others | ₹1,556.7 Cr | Open | |
| 11 Mar 2016 | 100067948 | Others | ₹15 Cr | Open | |
| 11 Mar 2016 | 100069337 | Others | ₹15 Cr | Open | |
| 13 Apr 2012 | 10352715 | Dena Bank | ₹4 Cr | Open | |
| 09 Sep 2009 | 10182803 | Jm Financial Asset Reconstruction Company Private Limited | ₹2 Cr | Open |
To see the full charge records of Shirdi Panel Industries Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Shirdi Panel Industries Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹28.44 Cr; the latest was in March 2024.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Dytel Finance and Investments Private Limited |
| Dec 2017 | Funding round | ₹5 Cr | Investors: JM Financial Asset Reconstruction Company Limited , Edelweiss Asset Reconstruction Company Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Labh Capital Services Limited Seller: Pratibha Finance And Investment Private Limited, Rachana Finance and Investments Private Limited , Manhar Properties Private Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Asis Corporate Advisors Limited , Labh Capital Services Limited Seller: Asis Global Limited , Asis Logistics Limited |
| Apr 2008 | Funding round | ₹8.44 Cr | Investors: Gemini Industries & Imaging Limited , Hindusthan Infrastructure Projects & Engineering Private Limited |
To see the full deal history of Shirdi Panel Industries 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
Shirdi Panel Industries Limited has 8 court cases on record: 5 filed by Shirdi Panel Industries, 3 filed against it. 4 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 4 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed against the company by United India Insurance Company Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against The New India Assurance Company Ltd | Pending |
| High Court, West Bengal | Court case (CRR) | Filed by the company against State of West Bengal and Anr | Pending |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed by the company against Deputy Commissioner of Uttarakhand and 3 others | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Disposed |
To see the full case history of Shirdi Panel Industries 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 Shirdi Panel Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shirdi Panel Industries Limited has a workforce of 238 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Shirdi Panel Industries has 11 GST registrations: 3 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS9402N3ZY | Maharashtra | Active | 01 Jul 2017 |
| 05AABCS9402N1Z6 | Uttarakhand | Active | 01 Jul 2017 |
| 07AABCS9402N1Z2 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shirdi Panel Industries Limited, buy the company report.
Recent activity
Shirdi Panel Industries Limited has 38 board changes on record since 1996: 20 appointments and 18 cessations. The latest: Ajay Tiwari ceased to be Director on 06 Jan 2025.
94 earlier events are in the company report.
Frequently asked questions
Shirdi Panel Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 15 December 1993 (33+ years old) and is registered under CIN U51900MH1993PLC075613.
Shirdi Panel Industries has 3 current directors:
- Rakeshkumar Hariram Agarwal - Managing Director
- Sarveshkumar Hariram Agarwal - Whole-Time Director
- Rakesh Kumar Gian Agarwal - Director
The latest financial statements of Shirdi Panel Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shirdi Panel Industries is 27AABCS9402N3ZY, registered in Maharashtra. The company has 11 GST registrations in all, of which 3 are active and 8 are cancelled or inactive. Other active GSTINs include 05AABCS9402N1Z6 (Uttarakhand), 07AABCS9402N1Z2 (Delhi).
The CIN (Corporate Identification Number) of Shirdi Panel Industries is U51900MH1993PLC075613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shirdi Panel Industries has 8 court cases on record: 5 filed by the company and 3 filed against it. 4 are pending. Most are in the high courts.
Shirdi Panel Industries was incorporated on 15 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Shirdi Panel Industries has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹28.44 Cr; the latest was in March 2024.
The peers of Shirdi Panel Industries by revenue are Solid Ply Private Limited, Lamtuf Limited, Swadesh Plywoods Private Limited, Oswin Wood Panels Private Limited, Ranga Particle Board Industries Private Limited and 3 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Ajay Tiwari ceased to be Director on 06 Jan 2025. Ajay Tiwari was appointed as Director on 27 Jun 2024. Ashok Kumar Pattanayak ceased to be Whole-Time Director on 16 Jan 2024. Shirdi Panel Industries has 38 board changes on record in total.
Shirdi Panel Industries can be reached through the website asisindia.com. Its registered office is in Mumbai, Maharashtra, India.
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