Structural Integrated Panels Private Limited

Structural Integrated Panels Private Limited - packaging in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U36900KA2020PTC137854 Incorporated 29 August 2020 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company packaging DPIIT Startup MSME · Micro
Revenue · FY 2024
₹1.69 Cr
▲ 354% YoY
Net profit · FY 2024
₹5.03 Lakh
Net margin 3%
EBITDA · FY 2024
₹10.59 Lakh
EBITDA margin 6.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹95 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings

About Structural Integrated Panels Private Limited

Data last updated:

Structural Integrated Panels Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the paper segment of the packaging sector. It was incorporated on 29 August 2020 and has been in existence for over 6 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36900KA2020PTC137854. Its GSTIN is 29ABECS3085K1ZU (Karnataka). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Sangeetha Menon (Managing Director) and Bejoy Joseph George.

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 Bangalore, Karnataka.

As per the financials filed for FY 2024, the company reported a revenue of ₹1.69 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.03 Lakh (net margin 3%) and EBITDA of ₹10.59 Lakh (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 149% over three years.

The company is associated with 1 brand: Hedrad. As per MCA filings, the company has open charges of ₹95 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.

Structural Integrated Panels Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0015243). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hedrad.in.

Company details

CIN U36900KA2020PTC137854
Registration Number 137854
Incorporation Date 29 August 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0015243
Key People
Sangeetha Menon Managing Director Bejoy Joseph George Director Madipakam Parasuram Narendra Director

Recognitions & Rankings of Structural Integrated Panels

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0015243

Contact details

Structural Integrated Panels Private Limited's registered office is in Bangalore, Karnataka. Its website is hedrad.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    hedrad.in
  • Registered Address
    06/07 Prakruthi Cascade, Cheemasandra, Bangalore, Karnataka, India – 560049
  • Industry
    Packaging, Paper, Laminated & Corrugated Packaging

To see the full contact details of Structural Integrated Panels Private Limited, buy the company report.

Comprehensive company report
Structural Integrated Panels 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

Structural Integrated Panels operates one associated brand: Hedrad. Each brand links to its own profile.

BrandDescriptionWebsite
Hedrad
Hedrad focuses on sustainable construction materials using honeycomb technology for housing and industrial applications.hedrad.in

Business activity

The main business activity of Structural Integrated Panels is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Structural Integrated Panels Private Limited, buy the company report.

Financials of Structural Integrated Panels Private Limited

FY 2025 filings available

Structural Integrated Panels Private Limited reported revenue of ₹1.69 Cr (up 354% YoY) for FY 2024.

Revenue · FY 2024
₹1.69 Cr ▲ 354%
Net profit · FY 2024
₹5.03 Lakh margin 3%
EBITDA · FY 2024
₹10.59 Lakh margin 6.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 354%
3 years · compounded
▲ 149%
EBITDA CAGR growth
1 year
▲ 181%
3 years · compounded
▲ 29%

Revenue has grown at a compounded annual rate (CAGR) of 149% over three years, including 354% growth in the latest year. EBITDA rose 181% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 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₹10.59 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.03 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.3%
Net Profit Margin3%
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 Structural Integrated Panels Private Limited, buy the company report.

Board of directors of Structural Integrated Panels Private Limited

Structural Integrated Panels has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Bejoy Joseph GeorgeDirector02 May 20233 Years 6 MonthsCurrent
Madipakam Parasuram Narendra
Also directs: Vaspar Eco Solutions Private Limited, Vaspar Foundation
Director29 Aug 20206 Years 2 MonthsCurrent
Narendra MedappaDirector29 Aug 20206 Years 2 MonthsCurrent
Sangeetha MenonManaging Director29 Aug 20206 Years 2 MonthsCurrent
View all directors

Auditor

Structural Integrated Panels Private Limited is audited by VARSHA RATAN for the financial year 2023.

Auditor firmFinancial yearFirm registration number
VARSHA RATANFY 2023231137

Shareholding

The shareholding of Structural Integrated Panels Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Structural Integrated Panels Private Limited, buy the company report.

Charges & borrowings

Open charges
₹95 Lakh
Satisfied charges
None
Breakdown by lending institutions
Others₹0.95 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Nov 2024101023074Others₹95 LakhOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Structural Integrated Panels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Structural Integrated Panels has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
29ABECS3085K1ZUKarnatakaActive16 Sep 2020
32ABECS3085K1Z7KeralaActive16 Dec 2023

To see the full GST registrations and return filing status of Structural Integrated Panels Private Limited, buy the company report.

Recent activity

Structural Integrated Panels Private Limited has 7 board changes on record since 2020: 4 appointments and 3 cessations. The latest: Bejoy Joseph George was appointed as Director on 02 May 2023.

AGM
Structural Integrated Panels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Structural Integrated Panels 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. 0.95 Cr with Charge ID 101023074 was registered on 30 Nov 2024.
Appointed
Bejoy Joseph George was appointed as Director.
Ceased
Mrinalini Anand ceased to be Director.
Ceased
Narendra Medappa ceased to be Director.
Ceased
Madipakam Parasuram Narendra ceased to be Director.
Appointed
Madipakam Parasuram Narendra was appointed as Director.
Appointed
Narendra Medappa was appointed as Director.
Appointed
Sangeetha Menon was appointed as Managing Director.
Incorporation
29 Aug 2020
Structural Integrated Panels Private Limited was registered on 29 Aug 2020 with Roc Bangalore & aged 6 years 2 months as per MCA records.

Frequently asked questions

Structural Integrated Panels is an active private limited company based in Bangalore, Karnataka, India. The company works in paper, within the packaging industry. It was incorporated on 29 August 2020 (6+ years old) and is registered under CIN U36900KA2020PTC137854.

Structural Integrated Panels has 4 current directors:

The latest financial statements of Structural Integrated Panels 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 FY 2021 are in the company report.

The GSTIN of Structural Integrated Panels is 29ABECS3085K1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32ABECS3085K1Z7 (Kerala).

The CIN (Corporate Identification Number) of Structural Integrated Panels is U36900KA2020PTC137854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Structural Integrated Panels has 1 court case on record: 1 filed by the company. 1 is pending.

Structural Integrated Panels was incorporated on 29 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.

Bejoy Joseph George was appointed as Director on 02 May 2023. Mrinalini Anand ceased to be Director on 02 May 2023. Narendra Medappa ceased to be Director on 27 Jul 2021. Structural Integrated Panels has 7 board changes on record in total.

Yes, Structural Integrated Panels is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Structural Integrated Panels is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0015243).