MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0000649
Paras Synthetics (India) Private Limited
Paras Synthetics (India) Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹57.56 Cr
▲ 33% YoY
Net profit · FY 2019
₹31.04 Lakh
Net margin 0.5%
EBITDA · FY 2019
₹2.56 Cr
EBITDA margin 4.4%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹16.25 Lakh
Issued & subscribed
Satisfied charges
₹35.75 Cr
No open charges
Company age
34 yrs
Est. 1992
Directors on board
2
As per MCA filings
About Paras Synthetics (India) Private Limited
Data last updated:
Paras Synthetics (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 April 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1992PTC066229. Its GSTIN is 27AAACP2558H1ZE (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.25 Lakh. It was formerly known as Paras Synthetics Private Limited. It is led by directors Paresh Jivanlal Mehta and Harsh Paresh Mehta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Office No 23 2nd Floor Chawala Bldg 111 Tamba Kanta, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2019, the company reported a revenue of ₹57.56 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹31.04 Lakh (net margin 0.5%) and EBITDA of ₹2.56 Cr (EBITDA margin 4.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
As per MCA filings, the company has satisfied charges of ₹35.75 Cr on record. Court records list 22 cases involving the company, including 19 filed by the company and 3 filed against it; 5 cases are pending. The company has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.04 Cr; the latest was in August 2017. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 3 smaller; the largest is Gudi Exports Private Limited with revenue of ₹57.67 Cr.
Paras Synthetics (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000649). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17120MH1992PTC066229
Registration Number 066229
Incorporation Date 06 April 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0000649
Recognitions & Rankings of Paras Synthetics (India)
Contact details
Paras Synthetics (India) Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No 23 2nd Floor Chawala Bldg 111 Tamba Kanta, Mumbai, Maharashtra, India – 400003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Paras Synthetics (India) Private Limited, buy the company report.
Comprehensive company report
Paras Synthetics (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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Business activity
The main business activity of Paras Synthetics (India) is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Paras Synthetics (India) Private Limited, buy the company report.
Financials of Paras Synthetics (India) Private Limited
FY 2019 filings availableParas Synthetics (India) Private Limited reported revenue of ₹57.56 Cr (up 33% YoY) for FY 2019.
Revenue · FY 2019
₹57.56 Cr ▲ 33%
Net profit · FY 2019
₹31.04 Lakh margin 0.5%
EBITDA · FY 2019
₹2.56 Cr margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▼ 7%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 7%
5 years · compounded
▲ 1%
Revenue rose 33% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 4% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹57.56 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.04 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Paras Synthetics (India) Private Limited, buy the company report.
Board of directors of Paras Synthetics (India) Private Limited
Paras Synthetics (India) has 2 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 |
|---|---|---|---|---|
| Paresh Jivanlal Mehta | Director | 06 Apr 1992 | 34 Years 7 Months | Current |
| Harsh Paresh Mehta Also directs: Olive Fab LLP | Director | 01 Aug 2006 | 20 Years 3 Months | Current |
Peer comparison
Paras Synthetics (India) Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gudi Exports Private Limited | ₹57.67 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Deepmala Dyeing and Printing Mills Private Limited | ₹57.62 Cr (FY 2025) | 6.0% | Surat, Gujarat, India | |||
| Sogo Fashions Private Limited | ₹57.62 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Sree Lakshmi Apparels Private Limited | ₹57.59 Cr (FY 2025) | 27.0% | Tirupur, Tamil Nadu, India | |||
| Paras Synthetics (India) Private Limitedthis company | ₹57.56 Cr (FY 2019) | ₹31.04 Lakh | 0.5% | 33.0% | Mumbai, Maharashtra, India | |
| Shri Mahadev Silk Mills Private Limited | ₹57.56 Cr (FY 2024) | -1.0% | Surat, Gujarat, India | |||
| Saravana Poly Threads Private Limited | ₹57.56 Cr (FY 2025) | 6.0% | Erode, Tamil Nadu, India | |||
| Hayward Synthetics Pvt Ltd | ₹57.41 Cr (FY 2024) | -11.0% | Mumvbai, Maharashtra, India |
To see the full peer comparison of Paras Synthetics (India) Private Limited, buy the company report.
Auditor
Paras Synthetics (India) Private Limited is audited by SHAH SANGOI & ASSOCIATES LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH SANGOI & ASSOCIATES LLP | FY 2019 | 100175W |
Shareholding
The shareholding of Paras Synthetics (India) Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Paras Synthetics (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹35.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2020 | 100486640 | Standard Chartered Bank | ₹2.2 Cr | Satisfied | |
| 07 Mar 2013 | 10420352 | Standard Chartered Bank | ₹15.2 Cr | Satisfied | |
| 03 Nov 2009 | 10184415 | Canara Bank | ₹8.75 Cr | Satisfied | |
| 02 Dec 2005 | 80016025 | Canara Bank | ₹9.6 Cr | Satisfied |
To see the full charge records of Paras Synthetics (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Paras Synthetics (India) Private Limited has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.04 Cr; the latest was in August 2017.
Total deals
6
Funding rounds
5
Secondary share transfer
1
Disclosed funding
₹1.04 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2013 | Funding round | ₹1.02 Cr | Investors: Paresh Jivanlal Mehta Huf, 3 individuals |
| Jul 2009 | Funding round | ₹10,000 | Investors: an individual |
| Oct 2006 | Funding round | ₹10,000 | Investors: an individual |
| Feb 2005 | Funding round | ₹10,000 | Investors: an individual |
| Dec 2004 | Funding round | ₹1 Lakh | Investors: an individual |
To see the full deal history of Paras Synthetics (India) Private 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
Paras Synthetics (India) Private Limited has 22 court cases on record: 19 filed by Paras Synthetics (India), 3 filed against it. 5 cases are pending and 17 are disposed.
Total cases
22
Filed by the company
19
Filed against the company
3
Pending
5
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 3 | 3 |
| High courts | 7 | 0 | 2 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Assistant Commissioner of State Tax | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Additional Commissioner of CGST and Ce | Pending |
| District court, Silvassa, DNH at Silvasa | Court case (SPL. CASE COMPANIES ACT) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against Anutosh Traders and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Paras Synthetics (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
No delayed payments to MSME suppliers are on our record for Paras Synthetics (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paras Synthetics (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP2558H1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paras Synthetics (India) Private Limited, buy the company report.
Recent activity
Paras Synthetics (India) Private Limited has 3 board changes on record since 1992: 2 appointments and 1 cessation. The latest: Jivanlal Chhaganlal Mehta ceased to be Director on 27 Jul 2016.
Charges
A charge registered on 09 Dec 2020 via Charge ID 100486640 with Standard Chartered Bank was fully satisfied on 22 Mar 2024.
Charges
A charge registered on 07 Mar 2013 via Charge ID 10420352 with Standard Chartered Bank was fully satisfied on 22 Mar 2024.
Charges
A charge with Standard Chartered Bank of Rs. 1,520.00 Lakh registered on 07 Mar 2013 with Charge ID 10420352 was modified on 18 Jan 2021.
Charges
A charge with Standard Chartered Bank amounted to Rs. 220.00 Lakh with Charge ID 100486640 was registered on 09 Dec 2020.
AGM
Paras Synthetics (India) Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Paras Synthetics (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai I.
Ceased
Jivanlal Chhaganlal Mehta ceased to be Director.
Charges
A charge registered on 03 Nov 2009 via Charge ID 10184415 with Canara Bank was fully satisfied on 08 Apr 2013.
Charges
A charge registered on 02 Dec 2005 via Charge ID 80016025 with Canara Bank was fully satisfied on 08 Apr 2013.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1,520.00 Lakh with Charge ID 10420352 was registered on 07 Mar 2013.
Charges
A charge with Canara Bank of Rs. 960.00 Lakh registered on 02 Dec 2005 with Charge ID 80016025 was modified on 29 Nov 2012.
Charges
A charge with Canara Bank of Rs. 875.00 Lakh registered on 03 Nov 2009 with Charge ID 10184415 was modified on 03 Apr 2012.
5 earlier events are in the company report.
Frequently asked questions
Paras Synthetics (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 April 1992 (34+ years old) and is registered under CIN U17120MH1992PTC066229.
Paras Synthetics (India) has 2 current directors:
- Paresh Jivanlal Mehta - Director
- Harsh Paresh Mehta - Director
The latest financial statements of Paras Synthetics (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Paras Synthetics (India) is 27AAACP2558H1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Paras Synthetics (India) is U17120MH1992PTC066229. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paras Synthetics (India) has 22 court cases on record: 19 filed by the company and 3 filed against it. 5 are pending. Most are in the district courts.
Paras Synthetics (India) was incorporated on 06 April 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Paras Synthetics (India) has 6 deals on record (5 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.04 Cr; the latest was in August 2017.
The peers of Paras Synthetics (India) by revenue are Gudi Exports Private Limited, Deepmala Dyeing and Printing Mills Private Limited, Sogo Fashions Private Limited, Sree Lakshmi Apparels Private Limited, Shri Mahadev Silk Mills Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Jivanlal Chhaganlal Mehta ceased to be Director on 27 Jul 2016. Harsh Paresh Mehta was appointed as Director on 01 Aug 2006. Paresh Jivanlal Mehta was appointed as Director on 06 Apr 1992.
Yes, Paras Synthetics (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0000649).
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