MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0000480
Timex Art Decor Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.05 Cr
▼ 17% YoY
Net profit · FY 2025
₹26.23 Lakh
Net margin 1.2%
EBITDA · FY 2025
₹2.62 Cr
EBITDA margin 12.5%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹6.65 Cr
Issued & subscribed
Open charges
₹16.57 Cr
Satisfied ₹43.5 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
77
Provident fund records
About Timex Art Decor Private Limited
Data last updated:
Timex Art Decor Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 10 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20210MH2005PTC155275. Its GSTIN is 24AACCT2857K1Z5 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.65 Cr. It is led by directors including Jayant Kanji Gada and Bhadresh Jagshibhai Shah.
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 Office No. 504 Zee Nayak M.G. Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.05 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹26.23 Lakh (net margin 1.2%) and EBITDA of ₹2.62 Cr (EBITDA margin 12.5%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.57 Cr and satisfied charges of ₹43.5 Cr on record. Court records list 13 cases involving the company, including 13 filed by the company; 2 cases are pending.
Timex Art Decor Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000480). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website timexmica.com.
Company details
CIN U20210MH2005PTC155275
Registration Number 155275
Incorporation Date 10 August 2005
ROC Mumbai
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-MH-19-0000480
Key People
Jayant Kanji Gada Director Bhadresh Jagshibhai Shah Director Nitin Jethalal Shah Director Recognitions & Rankings of Timex Art Decor
Contact details
Timex Art Decor Private Limited's registered office is in Mumbai, Maharashtra. Its website is timexmica.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 504 Zee Nayak M.G. Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Timex Art Decor Private Limited, buy the company report.
Comprehensive company report
Timex Art Decor 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Timex Art Decor 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 Timex Art Decor Private Limited, buy the company report.
Financials of Timex Art Decor Private Limited
FY 2025 filings availableTimex Art Decor Private Limited reported revenue of ₹21.05 Cr (down 17% YoY) for FY 2025.
Revenue · FY 2025
₹21.05 Cr ▼ 17%
Net profit · FY 2025
₹26.23 Lakh margin 1.2%
EBITDA · FY 2025
₹2.62 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 7%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 2%
5 years · compounded
▼ 4%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 17% fall in the latest year. 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 | ₹21.05 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26.23 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | ||||
| 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 Timex Art Decor Private Limited, buy the company report.
Board of directors of Timex Art Decor Private Limited
Timex Art Decor has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayant Kanji Gada | Director | 10 Aug 2005 | 21 Years 2 Months | Current |
| Bhadresh Jagshibhai Shah | Director | 10 Aug 2005 | 21 Years 2 Months | Current |
| Nitin Jethalal Shah | Director | 10 Aug 2005 | 21 Years 2 Months | Current |
Peer comparison
Timex Art Decor Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Punjab Laminates Pvt Ltd | ₹21.25 Cr (FY 2025) | -30.0% | Punjab, India | |||
| Decent Laminate Private Limited | ₹21.23 Cr (FY 2019) | -5.0% | Mehsana, Gujarat, India | |||
| D K Plywood Private Limited | ₹21.18 Cr (FY 2025) | 23.0% | Alwar, Rajasthan, India | |||
| Timex Art Decor Private Limitedthis company | ₹21.05 Cr (FY 2025) | ₹26.23 Lakh | 1.2% | -17.0% | 77 | Mumbai, Maharashtra, India |
| Vimba Industries Private Limited | ₹20.92 Cr (FY 2024) | 4787916.0% | Lakhimpur, Uttar Pradesh, India | |||
| Archit Panels Private Limited | ₹20.91 Cr (FY 2024) | 271.0% | Fatehabad, Haryana, India | |||
| Alishan Veneer & Plywood Pvt.Ltd. | ₹20.7 Cr (FY 2021) | -60.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Timex Art Decor Private Limited, buy the company report.
Auditor
Timex Art Decor Private Limited is audited by B. P. Parikh & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. P. Parikh & Associates | FY 2025 | 107535W |
Shareholding
The shareholding of Timex Art Decor Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Timex Art Decor Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16.57 Cr
Satisfied charges
₹43.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Dec 2023 | 100835372 | Hdfc Bank Limited | ₹30.05 Lakh | Open | |
| 09 May 2022 | 100571147 | Hdfc Bank Limited | ₹9.21 Lakh | Open | |
| 27 Sep 2021 | 100491480 | Hdfc Bank Limited | ₹17.54 Lakh | Open | |
| 23 Jul 2020 | 100353174 | Hdfc Bank Limited | ₹16 Cr | Open | |
| 11 Oct 2007 | 10070992 | Punjab National Bank | ₹16 Cr | Satisfied |
To see the full charge records of Timex Art Decor Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Timex Art Decor Private Limited has 13 court cases on record: 13 filed by Timex Art Decor. 2 cases are pending and 11 are disposed.
Total cases
13
Filed by the company
13
Pending
2
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 2 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Ms Victor Intertrade Pvt Ltd and 6 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Ms.Futura Door Products Pvt.Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Tiara Furniture Systems Through Its Proprietor Mr Paritosh Dashrathbhai Patel | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against individuals | Disposed |
To see the full case history of Timex Art Decor 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.
MSME payment delays
Timex Art Decor Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 186 overdue payments to 30 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 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| JKS Decor Paper LLP | |||
| an individual supplier | |||
| B Chokshi Chem Private Limited |
To see the full MSME payment records of Timex Art Decor Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Timex Art Decor Private Limited has a workforce of 77 employees on its EPFO records as of Jan 10, 2026, across 1 active EPFO establishment.
Employee count
77
Active EPFO establishments
1
Employee growth
4.05%
GST
Timex Art Decor has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCT2857K1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Timex Art Decor Private Limited, buy the company report.
Recent activity
Timex Art Decor Private Limited has 3 board changes on record since 2005: 3 appointments. The latest: Bhadresh Jagshibhai Shah was appointed as Director on 10 Aug 2005.
AGM
Timex Art Decor Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Timex Art Decor Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.30 Cr with Charge ID 100835372 was registered on 08 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100571147 was registered on 09 May 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100491480 was registered on 27 Sep 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 16.00 Cr registered on 23 Jul 2020 with Charge ID 100353174 was modified on 13 Oct 2020.
Charges
A charge registered on 11 Oct 2007 via Charge ID 10070992 with Punjab National Bank was fully satisfied on 06 Aug 2020.
Charges
A charge registered on 19 Apr 2007 via Charge ID 10048664 with Punjab National Bank was fully satisfied on 06 Aug 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.00 Cr with Charge ID 100353174 was registered on 23 Jul 2020.
Charges
A charge with Punjab National Bank of Rs. 16.00 Cr registered on 11 Oct 2007 with Charge ID 10070992 was modified on 27 Jan 2016.
Charges
A charge with Punjab National Bank of Rs. 16.00 Cr registered on 19 Apr 2007 with Charge ID 10048664 was modified on 27 Jan 2016.
Charges
A charge registered on 20 Apr 2007 via Charge ID 10048666 with Punjab National Bank was fully satisfied on 11 Jul 2014.
7 earlier events are in the company report.
Frequently asked questions
Timex Art Decor is an active private limited company based in Mumbai, Maharashtra, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 10 August 2005 (21+ years old) and is registered under CIN U20210MH2005PTC155275.
Timex Art Decor has 3 current directors:
- Jayant Kanji Gada - Director
- Bhadresh Jagshibhai Shah - Director
- Nitin Jethalal Shah - Director
The latest financial statements of Timex Art Decor 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 Timex Art Decor is 24AACCT2857K1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Timex Art Decor is U20210MH2005PTC155275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Timex Art Decor has 13 court cases on record: 13 filed by the company. 2 are pending. Most are in the district courts.
Timex Art Decor was incorporated on 10 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Timex Art Decor by revenue are Punjab Laminates Pvt Ltd, Decent Laminate Private Limited, D K Plywood Private Limited, Vimba Industries Private Limited, Archit Panels Private Limited and 1 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).
Bhadresh Jagshibhai Shah was appointed as Director on 10 Aug 2005. Jayant Kanji Gada was appointed as Director on 10 Aug 2005. Nitin Jethalal Shah was appointed as Director on 10 Aug 2005.
Yes, Timex Art Decor is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0000480).
Timex Art Decor has 13 MSME Form 1 returns on record between 2019 and 2023, listing 186 overdue payments to 30 micro and small suppliers. The latest return was filed on 17 Nov 2023.
Timex Art Decor can be reached through the website timexmica.com. Its registered office is in Mumbai, Maharashtra, India.