MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-09-0000061
Surya Panel Private Limited - manufacturing in Chikmagalur, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹25.18 Cr
▼ 13% YoY
Net profit · FY 2025
₹61.23 Lakh
Net margin 2.4%
EBITDA · FY 2025
₹2.53 Cr
EBITDA margin 10%
Authorised capital
₹9.9 Cr
Registered with MCA
Paid-up capital
₹9.9 Cr
Issued & subscribed
Open charges
₹25.91 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
44
Provident fund records
About Surya Panel Private Limited
Data last updated:
Surya Panel Private Limited is a private limited company based in Chikmagalur, Karnataka, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 30 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U20296KA2014PTC111970. Its GSTIN is 29AAVCS3190D1ZW (Karnataka).
The company has an authorised share capital of ₹9.9 Cr and a paid-up capital of ₹9.9 Cr. It is led by directors Hadihalli Byregowda Sudarshan and Rushil Krupesh Thakkar.
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 Chikmagalur, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.18 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹61.23 Lakh (net margin 2.4%) and EBITDA of ₹2.53 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 24% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Surya Click. As per MCA filings, the company has open charges of ₹25.91 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending.
Surya Panel Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-09-0000061). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suryaclick.com.
Company details
CIN U20296KA2014PTC111970
Registration Number 111970
Incorporation Date 30 December 2014
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-09-0000061
CIN history
Surya Panel has one previous CIN (Corporate Identification Number): U20296GJ2014PTC081670. The current CIN is U20296KA2014PTC111970, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20296KA2014PTC111970 | Current |
| U20296GJ2014PTC081670 | Previous |
Recognitions & Rankings of Surya Panel
Contact details
Surya Panel Private Limited's registered office is in Chikmagalur, Karnataka. Its website is suryaclick.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 62K Phase – 2 KIADB Ambale Industrial Area Gowdanahal, Li, Chikmagalur, Karnataka, India – 577101
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Surya Panel Private Limited, buy the company report.
Comprehensive company report
Surya Panel 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
Surya Panel operates one associated brand: Surya Click. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces durable laminate flooring for residential and commercial spaces. | suryaclick.com |
Business activity
The main business activity of Surya Panel 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 Surya Panel Private Limited, buy the company report.
Financials of Surya Panel Private Limited
FY 2025 filings availableSurya Panel Private Limited reported revenue of ₹25.18 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹25.18 Cr ▼ 13%
Net profit · FY 2025
₹61.23 Lakh margin 2.4%
EBITDA · FY 2025
₹2.53 Cr margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 5%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 99%
5 years · compounded
▲ 16%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 13% 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 | |||||
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| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 10% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Surya Panel Private Limited, buy the company report.
Board of directors of Surya Panel Private Limited
Surya Panel has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hadihalli Byregowda Sudarshan Also directs: Alpl 3 LLP, R Surya Panel Private Limited, Conc Shade Constructions Private Limited and 1 more | Director | 30 Dec 2014 | 11 Years 9 Months | Current |
| Rushil Krupesh Thakkar | Director | 30 Dec 2014 | 11 Years 9 Months | Current |
Peer comparison
Surya Panel Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Shree Ganga Veneers and Plyboard Private Limited | ₹25.69 Cr (FY 2025) | 6.0% | Bareilly, Uttar Pradesh, India | |||
| Egwood Boards and Panels Private Limited | ₹25.49 Cr (FY 2025) | -11.0% | Hyderabad, Telangana, India | |||
| Golden Plywood Industries Pvt Ltd | ₹25.42 Cr (FY 2025) | 6.0% | Ludhiana, Punjab, India | |||
| Ramhans Wood India Private Limited | ₹25.38 Cr (FY 2025) | 23.0% | Anjar, Gujarat, India | |||
| A J Hi Tech Ply Products Private Limited | ₹25.29 Cr (FY 2025) | 9.0% | Punjab, India | |||
| Surya Panel Private Limitedthis company | ₹25.18 Cr (FY 2025) | ₹61.23 Lakh | 2.4% | -13.0% | 44 | Chikmagalur, Karnataka, India |
| Chackos Plywood Mills Private Limited | ₹25.14 Cr (FY 2024) | 68.0% | Perumbavoor, Kerala, India | |||
| Rotolam Laminate Private Limited | ₹25.09 Cr (FY 2025) | -11.0% | Lalpar, Gujarat, India | |||
| Evogreen Decoratives Private Limited | ₹24.71 Cr (FY 2024) | -4.0% | Naraingarh, Haryana, India | |||
| Prism Laminates Private Limited | ₹24.64 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Surya Panel Private Limited, buy the company report.
Auditor
Surya Panel Private Limited is audited by CHANDRASHEKAR KOTE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDRASHEKAR KOTE & CO | FY 2023 | 000592S |
Shareholding
The shareholding of Surya Panel 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 Surya Panel Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25.91 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101147488 | Canara Bank | ₹11.2 Lakh | Open | |
| 28 Nov 2024 | 101033853 | Canara Bank | ₹1 Cr | Open | |
| 21 Nov 2023 | 100857365 | Canara Bank | ₹64.51 Lakh | Open | |
| 01 Dec 2022 | 100649327 | Canara Bank | ₹1.75 Cr | Open | |
| 26 Feb 2018 | 100163698 | Canara Bank | ₹7.4 Cr | Open |
To see the full charge records of Surya Panel Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Surya Panel Private Limited has 5 court cases on record: 3 filed by Surya Panel, 2 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by Manjunath Infra Cons., Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Manjunath Infratech Private Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Finesse Floors Inc.-Ms Sonia | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
To see the full case history of Surya Panel 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
Surya Panel Private Limited was last rated by Crisil on 14 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Aug 2020 |
To see the full credit ratings and regulatory alerts of Surya Panel Private Limited, buy the company report.
MSME payment delays
Surya Panel Private Limited has 9 MSME Form 1 returns on record for the period ending Sep 2019, listing 188 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sri Chaamundi Aldehydes | |||
| Gaurav Trans Engineers Private Limited | |||
| Tirupathi Hydrocarbon Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Surya Panel Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Surya Panel Private Limited has a workforce of 44 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
2.33%
GST
Surya Panel has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAVCS3190D1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Surya Panel Private Limited, buy the company report.
Recent activity
Surya Panel Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Hadihalli Byregowda Sudarshan was appointed as Director on 30 Dec 2014.
AGM
Surya Panel Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 0.11 Cr with Charge ID 101147488 was registered on 31 Jul 2025.
Charges
A charge with Canara Bank of Rs. 1.00 Cr registered on 28 Nov 2024 with Charge ID 101033853 was modified on 18 Jul 2025.
Charges
A charge with Canara Bank of Rs. 7.40 Cr registered on 26 Feb 2018 with Charge ID 100163698 was modified on 18 Jul 2025.
Filing
Surya Panel Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 1.00 Cr with Charge ID 101033853 was registered on 28 Nov 2024.
Charges
A charge with Canara Bank amounted to Rs. 0.65 Cr with Charge ID 100857365 was registered on 21 Nov 2023.
Charges
A charge with Canara Bank amounted to Rs. 1.75 Cr with Charge ID 100649327 was registered on 01 Dec 2022.
Charges
A charge with Canara Bank amounted to Rs. 7.40 Cr with Charge ID 100163698 was registered on 26 Feb 2018.
Charges
A charge with Syndicate Bank amounted to Rs. 15.00 Cr with Charge ID 100081656 was registered on 03 Mar 2017.
Appointed
Hadihalli Byregowda Sudarshan was appointed as Director.
Appointed
Rushil Krupesh Thakkar was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Surya Panel is an active private limited company based in Chikmagalur, Karnataka, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 30 December 2014 (12+ years old) and is registered under CIN U20296KA2014PTC111970.
Surya Panel has 2 current directors:
- Hadihalli Byregowda Sudarshan - Director
- Rushil Krupesh Thakkar - Director
The latest financial statements of Surya Panel 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 Surya Panel is 29AAVCS3190D1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Surya Panel is U20296KA2014PTC111970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surya Panel has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Surya Panel was incorporated on 30 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Surya Panel by revenue are Shree Ganga Veneers and Plyboard Private Limited, Egwood Boards and Panels Private Limited, Golden Plywood Industries Pvt Ltd, Ramhans Wood India Private Limited, A J Hi Tech Ply Products Private Limited and 4 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).
Hadihalli Byregowda Sudarshan was appointed as Director on 30 Dec 2014. Rushil Krupesh Thakkar was appointed as Director on 30 Dec 2014.
Yes, Surya Panel is registered as a small enterprise under Udyam registration (number: UDYAM-KR-09-0000061).
Surya Panel has 9 MSME Form 1 returns on record for the period ending Sep 2019, listing 188 overdue payments to 5 micro and small suppliers. The latest return was filed on 07 Nov 2023.
Surya Panel can be reached through the website suryaclick.com. Its registered office is in Chikmagalur, Karnataka, India.