MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0020634
Aakash Polyfilms Limited - packaging in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹421.67 Cr
▲ 14% YoY
Net profit · FY 2025
₹19.2 Cr
Net margin 4.6%
EBITDA · FY 2025
₹52.78 Cr
EBITDA margin 12.5%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.95 Cr
Issued & subscribed
Open charges
₹549.32 Cr
Satisfied ₹75.75 Lakh
Company age
32 yrs
Est. 1994
Employees · EPFO
60
Provident fund records
About Aakash Polyfilms Limited
Data last updated:
Aakash Polyfilms Limited is a public limited company based in Surat, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 02 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1994PLC022937. Its GSTIN is 24AABCR1457L1ZC (Gujarat). 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 ₹7.95 Cr. It was formerly known as Real Resins Limited. It is led by directors including Jyotika Pavankumar Tulsiani and Pavan Kishinchand Tulsiani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. I – 138 – 139 – 140 Road No. Id – 1 GIDC Sachin, Surat, Gujarat, India – 394230.
As per the financials filed for FY 2025, the company reported a revenue of ₹421.67 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹19.2 Cr (net margin 4.6%) and EBITDA of ₹52.78 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 30% over five years.
The company has about 60 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹549.32 Cr and satisfied charges of ₹75.75 Lakh on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 1 case is pending. The company has 13 deals on record (7 secondary share transfers, 6 funding rounds), with disclosed funding of ₹57.27 Cr; the latest was in March 2023. Its 4 peer companies in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Surya Global Flexifilms Private Limited with revenue of ₹499.26 Cr.
Aakash Polyfilms Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0020634). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aakashpolyfilms.com.
Company details
CIN U17119GJ1994PLC022937
Registration Number 022937
Incorporation Date 02 September 1994
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0020634
Key People
Jyotika Pavankumar Tulsiani Director Pavan Kishinchand Tulsiani Director Rajniben Kishanchand Tulsiani Director Recognitions & Rankings of Aakash Polyfilms
Contact details
Aakash Polyfilms Limited's registered office is in Surat, Gujarat. Its website is aakashpolyfilms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. I – 138 – 139 – 140 Road No. Id – 1 GIDC Sachin, Surat, Gujarat, India – 394230
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Aakash Polyfilms Limited, buy the company report.
Comprehensive company report
Aakash Polyfilms 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 Aakash Polyfilms is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Aakash Polyfilms Limited, buy the company report.
Financials of Aakash Polyfilms Limited
FY 2024 filings availableAakash Polyfilms Limited reported revenue of ₹421.67 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹421.67 Cr ▲ 14%
Net profit · FY 2025
₹19.2 Cr margin 4.6%
EBITDA · FY 2025
₹52.78 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 36%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 149%
3 years · compounded
▲ 53%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 14% growth in the latest year. EBITDA rose 149% 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 |
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| Total Expenses | |||||
| EBITDA | ₹52.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.2 Cr | ||||
| Balance Sheet | |||||
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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 | 12.5% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Aakash Polyfilms Limited, buy the company report.
Board of directors of Aakash Polyfilms Limited
Aakash Polyfilms has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyotika Pavankumar Tulsiani | Director | 30 Jul 2021 | 5 Years 2 Months | Current |
| Pavan Kishinchand Tulsiani Also directs: Kwality Polyfilms Private Limited, Aaryabir Flex Private Limited | Director | 14 Apr 2000 | 26 Years 6 Months | Current |
| Rajniben Kishanchand Tulsiani Also directs: Kwality Polyfilms Private Limited | Director | 14 Apr 2000 | 26 Years 6 Months | Current |
Peer comparison
Aakash Polyfilms Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Surya Global Flexifilms Private Limited | ₹499.26 Cr (FY 2025) | 47.0% | Delhi, India | |||
| Vishakha Polyfab Private Limited | ₹492.63 Cr (FY 2025) | 11.0% | Ahmedabad, Gujarat, India | |||
| Aakash Polyfilms Limitedthis company | ₹421.67 Cr (FY 2025) | ₹19.2 Cr | 4.6% | 14.0% | 60 | Surat, Gujarat, India |
| Jhaveri Flexo India Private Limited | ₹409.15 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Dhunseri Poly Films Private Limited | ₹392.18 Cr (FY 2025) | 240.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Aakash Polyfilms Limited, buy the company report.
Auditor
Aakash Polyfilms Limited is audited by NANAVATI DALAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NANAVATI DALAL & CO. | FY 2023 | 112481W |
Shareholding
The shareholding of Aakash Polyfilms 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 Aakash Polyfilms Limited, buy the company report.
Charges & borrowings
Open charges
₹549.32 Cr
Satisfied charges
₹75.75 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 2025 | 101096792 | Others | ₹44 Cr | Open | |
| 18 Feb 2025 | 101096751 | Others | ₹5 Cr | Open | |
| 18 Dec 2023 | 100832065 | Hdfc Bank Limited | ₹33.85 Lakh | Open | |
| 22 Jun 2023 | 100740813 | Axis Bank Limited | ₹10.25 Cr | Open | |
| 21 Apr 2023 | 100712815 | Hdfc Bank Limited | ₹8.09 Lakh | Open |
To see the full charge records of Aakash Polyfilms Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Aakash Polyfilms Limited has 13 deals on record (7 secondary share transfers, 6 funding rounds), with disclosed funding of ₹57.27 Cr; the latest was in March 2023.
Total deals
13
Secondary share transfers
7
Funding rounds
6
Disclosed funding
₹57.27 Cr
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Funding round | ₹22.5 Cr | Investors: 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Funding round | ₹24 Cr | Investors: an individual |
| Mar 2007 | Funding round | ₹45 Lakh | Investors: Aakash Plastopack Private Limited |
To see the full deal history of Aakash Polyfilms 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
Aakash Polyfilms Limited has 11 court cases on record: 4 filed by Aakash Polyfilms, 7 filed against it. 1 case is pending and 10 are disposed.
Total cases
11
Filed by the company
4
Filed against the company
7
Pending
1
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 1 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against The New India Assurance Co. Ltd. | Pending |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Bharuch, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Bharuch, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against The Assistant Commissioner of Income Tax, Circle 1( and 1 other | Disposed |
To see the full case history of Aakash Polyfilms 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
Aakash Polyfilms Limited was last rated by Brickwork on 12 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 12 May 2022 |
To see the full credit ratings and regulatory alerts of Aakash Polyfilms Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakash Polyfilms Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aakash Polyfilms Limited has a workforce of 60 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
60
Active EPFO establishments
1
Employee growth
5.26%
GST
Aakash Polyfilms has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCR1457L1ZC | Gujarat | Active | 01 Jul 2017 |
| 06AABCR1457L1ZA | Haryana | Active | 04 Oct 2023 |
| 29AABCR1457L1Z2 | Karnataka | Active | 19 Oct 2023 |
To see the full GST registrations and return filing status of Aakash Polyfilms Limited, buy the company report.
Recent activity
Aakash Polyfilms Limited has 5 board changes on record since 2000: 3 appointments and 2 cessations. The latest: Jyotika Pavankumar Tulsiani was appointed as Director on 30 Jul 2021.
Charges
A charge with Others amounted to Rs. 44.00 Cr with Charge ID 101096792 was registered on 19 Apr 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101096751 was registered on 18 Feb 2025.
AGM
Aakash Polyfilms Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Aakash Polyfilms Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.34 Cr with Charge ID 100832065 was registered on 18 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 10.25 Cr with Charge ID 100740813 was registered on 22 Jun 2023.
Charges
A charge with Axis Bank Limited of Rs. 10.25 Cr registered on 27 Dec 2019 with Charge ID 100315460 was modified on 26 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100712815 was registered on 21 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 100677232 was registered on 04 Feb 2023.
Charges
A charge with Others of Rs. 146.91 Cr registered on 14 Oct 2006 with Charge ID 10023231 was modified on 28 Feb 2022.
Charges
A charge with Others amounted to Rs. 3.66 Cr with Charge ID 100547484 was registered on 14 Feb 2022.
Charges
A charge with Others amounted to Rs. 54.32 Cr with Charge ID 100547470 was registered on 14 Feb 2022.
23 earlier events are in the company report.
Frequently asked questions
Aakash Polyfilms is an active public limited company based in Surat, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 02 September 1994 (32+ years old) and is registered under CIN U17119GJ1994PLC022937.
Aakash Polyfilms has 3 current directors:
- Jyotika Pavankumar Tulsiani - Director
- Pavan Kishinchand Tulsiani - Director
- Rajniben Kishanchand Tulsiani - Director
The latest financial statements of Aakash Polyfilms on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Aakash Polyfilms is 24AABCR1457L1ZC, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AABCR1457L1ZA (Haryana), 29AABCR1457L1Z2 (Karnataka).
The CIN (Corporate Identification Number) of Aakash Polyfilms is U17119GJ1994PLC022937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aakash Polyfilms has 11 court cases on record: 4 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Aakash Polyfilms was incorporated on 02 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aakash Polyfilms has 13 deals on record (7 secondary share transfers, 6 funding rounds), with disclosed funding of ₹57.27 Cr; the latest was in March 2023.
The peers of Aakash Polyfilms by revenue are Surya Global Flexifilms Private Limited, Vishakha Polyfab Private Limited, Jhaveri Flexo India Private Limited, Dhunseri Poly Films Private Limited, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Jyotika Pavankumar Tulsiani was appointed as Director on 30 Jul 2021. Kishin Giyanchand Tulsiani ceased to be Director on 30 Jul 2021. Bharat Kishanchand Tulsiani ceased to be Director on 30 Sep 2019. Aakash Polyfilms has 5 board changes on record in total.
Yes, Aakash Polyfilms is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0020634).