MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0084350
Honicel India Private Limited - packaging in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹22.88 Cr
▲ 129% YoY
Net profit · FY 2023
₹1.02 Cr
Net margin 4.4%
EBITDA · FY 2023
₹1.96 Cr
EBITDA margin 8.6%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹88.71 Lakh
Issued & subscribed
Open charges
₹14.48 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
7
Provident fund records
About Honicel India Private Limited
Data last updated:
Honicel India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the paper segment of the packaging sector. It was incorporated on 03 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U36999TN2006PTC059107. Its GSTIN is 33AABCH6995F1ZF (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹88.71 Lakh. It is led by directors Thesu Ethiraj Giridharraj and Gajendran Sarala.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 89 Building No.4 G.N.T Road Madhavaram, Chennai, Tamil Nadu, India – 600110.
As per the financials filed for FY 2023, the company reported a revenue of ₹22.88 Cr, a growth of 129% compared to the previous year. For the same year it recorded a net profit of ₹1.02 Cr (net margin 4.4%) and EBITDA of ₹1.96 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years and 59% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Honicel and Honicel. As per MCA filings, the company has open charges of ₹14.48 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 3 cases are pending.
Honicel India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0084350). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website honicel.com.
Company details
CIN U36999TN2006PTC059107
Registration Number 059107
Incorporation Date 03 March 2006
ROC Chennai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0084350
Recognitions & Rankings of Honicel India
Contact details
Honicel India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is honicel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address89 Building No.4 G.N.T Road Madhavaram, Chennai, Tamil Nadu, India – 600110
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Honicel India Private Limited, buy the company report.
Comprehensive company report
Honicel India 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
Honicel India operates two associated brands: Honicel and Honicel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Paper honeycomb products are manufactured and supplied globally. | honicel.com | |
| honicel.co.in |
Business activity
The main business activity of Honicel India 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 Honicel India Private Limited, buy the company report.
Financials of Honicel India Private Limited
FY 2023 filings availableHonicel India Private Limited reported revenue of ₹22.88 Cr (up 129% YoY) for FY 2023.
Revenue · FY 2023
₹22.88 Cr ▲ 129%
Net profit · FY 2023
₹1.02 Cr margin 4.4%
EBITDA · FY 2023
₹1.96 Cr margin 8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 129%
3 years · compounded
▲ 81%
5 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▲ 409%
3 years · compounded
▲ 45%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years, including 129% growth in the latest year. EBITDA rose 409% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹22.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.02 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 4.4% | ||||
| 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 Honicel India Private Limited, buy the company report.
Board of directors of Honicel India Private Limited
Honicel India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thesu Ethiraj Giridharraj | Director | 15 Dec 2011 | 14 Years 10 Months | Current |
| Gajendran Sarala | Additional Director | 09 Dec 2018 | 7 Years 11 Months | Current |
Peer comparison
Honicel India Private Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), 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 |
|---|---|---|---|---|---|---|
| Lsquare Eco-Products Private Limited | ₹23.34 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| V.Y. Packagings Private Limited | ₹23.1 Cr (FY 2025) | -3.0% | Faridabad, Haryana, India | |||
| Tej Packaging Private Limited | ₹22.89 Cr (FY 2024) | 31.0% | Delhi, India | |||
| Honicel India Private Limitedthis company | ₹22.88 Cr (FY 2023) | ₹1.02 Cr | 4.4% | 129.0% | 7 | Chennai, Tamil Nadu, India |
| Fair Pack Pvt Ltd | ₹22.42 Cr (FY 2025) | 24.0% | Udyognagar, Gujarat, India | |||
| Sri Anjaneya Cartons Private Limited | ₹22.38 Cr (FY 2023) | 59.0% | Chennai, Tamil Nadu, India | |||
| Brilliant Packaging Private Limited | ₹22.31 Cr (FY 2024) | -9.0% | Howrah, West Bengal, India |
To see the full peer comparison of Honicel India Private Limited, buy the company report.
Auditor
Honicel India Private Limited is audited by Anil Nair & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anil Nair & Associates | FY 2023 | 000175S |
Shareholding
The shareholding of Honicel India 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Honicel India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.48 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2013 | 10455991 | Uco Bank | ₹14.48 Cr | Open |
To see the full charge records of Honicel India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Honicel India Private Limited has 3 court cases on record: 2 filed by Honicel India, 1 filed against it. All cases are pending.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Countrywide Logistics India Pvt. Ltd Through Auth. Amitkumar M. Mishra | Pending |
| Madras High Court | Writ petition | Filed by the company against Union of India | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Union of India | Pending |
To see the full case history of Honicel India 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
Honicel India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suryaans Paper |
To see the full MSME payment records of Honicel India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Honicel India Private Limited has a workforce of 7 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 7 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Honicel India Private Limited, buy the company report.
GST
Honicel India has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCH6995F1ZF | Tamil Nadu | Active | 01 Jul 2017 |
| 36AABCH6995F1Z9 | Telangana | Active | 31 Dec 2023 |
| 27AABCH6995F1Z8 | Maharashtra | Active | 15 Jan 2024 |
To see the full GST registrations and return filing status of Honicel India Private Limited, buy the company report.
Recent activity
Honicel India Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Henricus Johannes Maria Krabben ceased to be Director on 14 Feb 2020.
Charges
A charge with Uco Bank of Rs. 14.48 Cr registered on 25 Sep 2013 with Charge ID 10455991 was modified on 15 Oct 2025.
AGM
Honicel India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Honicel India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Ceased
Henricus Johannes Maria Krabben ceased to be Director.
Appointed
Gajendran Sarala was appointed as Additional Director.
Charges
A charge with Uco Bank amounted to Rs. 14.48 Cr with Charge ID 10455991 was registered on 25 Sep 2013.
Ceased
Sonty Parthasarathy ceased to be Managing Director.
Appointed
Thesu Ethiraj Giridharraj was appointed as Director.
Ceased
Kavasseri Narayanaswami Ramanathan ceased to be Director.
Ceased
Sridharan Kavanoor Madapoosi ceased to be Director.
Incorporation
03 Mar 2006
Honicel India Private Limited was registered on 03 Mar 2006 with Roc Chennai & aged 20 years 8 months as per MCA records.
Frequently asked questions
Honicel India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in paper, within the packaging industry. It was incorporated on 03 March 2006 (20+ years old) and is registered under CIN U36999TN2006PTC059107.
Honicel India has 2 current directors:
- Thesu Ethiraj Giridharraj - Director
- Gajendran Sarala - Additional Director
The latest financial statements of Honicel India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Honicel India is 33AABCH6995F1ZF, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 36AABCH6995F1Z9 (Telangana), 27AABCH6995F1Z8 (Maharashtra).
The CIN (Corporate Identification Number) of Honicel India is U36999TN2006PTC059107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honicel India has 3 court cases on record: 2 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Honicel India was incorporated on 03 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Honicel India by revenue are Lsquare Eco-Products Private Limited, V.Y. Packagings Private Limited, Tej Packaging Private Limited, Fair Pack Pvt Ltd, Sri Anjaneya Cartons Private Limited and 1 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Henricus Johannes Maria Krabben ceased to be Director on 14 Feb 2020. Gajendran Sarala was appointed as Additional Director on 09 Dec 2018. Sonty Parthasarathy ceased to be Managing Director on 31 Dec 2011. Honicel India has 6 board changes on record in total.
Yes, Honicel India is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0084350).
Honicel India has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 28 May 2019.
Honicel India can be reached through the website honicel.com. Its registered office is in Chennai, Tamil Nadu, India.
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