Astron Packaging Limited

Astron Packaging Limited - packaging in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U21029GJ2001PLC039733 Incorporated 03 July 2001 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Public Limited Company packaging
Data last updated
Revenue · FY 2024
₹385.12 Cr
▲ 20% YoY
Net profit · FY 2024
₹9.84 Cr
Net margin 2.6%
EBITDA · FY 2024
₹40.89 Cr
EBITDA margin 10.6%
Authorised capital
₹2.95 Cr
Registered with MCA
Paid-up capital
₹2.95 Cr
Issued & subscribed
Open charges
₹349.1 Cr
Satisfied ₹153.2 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
274
Provident fund records

About Astron Packaging Limited

Data last updated:

Astron Packaging Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the paper segment of the packaging sector. It was incorporated on 03 July 2001 and has been in existence for over 25 years.

Its director Urmish Hasmukh Chudgar and family are #197 among India's richest people (2026). Its director Binish Hasmukh Chudgar and family are #197 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21029GJ2001PLC039733. Its GSTIN is 24AAECA0093L1ZS (Gujarat). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹2.95 Cr and a paid-up capital of ₹2.95 Cr. It was formerly known as Astron Packaging Private Limited. It is led by directors including Bina Nimish Chudgar (Whole-Time Director) and Urmish Hasmukh Chudgar.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 22/23/24 Mahagujarat Industrial Estate Sarkhej – Bavla Highway Village – Moraiya, Ta – Sanand, Ahmedabad, Gujarat, India – 382213.

As per the financials filed for FY 2024, the company reported a revenue of ₹385.12 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹9.84 Cr (net margin 2.6%) and EBITDA of ₹40.89 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.

The company has about 274 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Astron Packaging. As per MCA filings, the company has open charges of ₹349.1 Cr and satisfied charges of ₹153.2 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 4 cases are pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹20.3 Cr; the latest was in March 2019. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 2,020 overdue payments to 49 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website astronpack.com.

Company details

CIN U21029GJ2001PLC039733
Registration Number 039733
Incorporation Date 03 July 2001
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Bina Nimish Chudgar Whole-Time Director Urmish Hasmukh Chudgar Director Bhadresh Rajnikant Shah Director

Recognitions & Rankings of Astron Packaging

Contact details

Astron Packaging Limited's registered office is in Ahmedabad, Gujarat. Its website is astronpack.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    astronpack.com
  • Registered Address
    22/23/24 Mahagujarat Industrial Estate Sarkhej – Bavla Highway Village – Moraiya, Ta – Sanand, Ahmedabad, Gujarat, India – 382213
  • Industry
    Packaging, Paper, Laminated & Corrugated Packaging

To see the full contact details of Astron Packaging Limited, buy the company report.

Comprehensive company report
Astron Packaging 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

Astron Packaging operates one associated brand: Astron Packaging. Each brand links to its own profile.

BrandDescriptionWebsite
Astron Packaging
Provider of corrugated, carton & foil printing packaging and labelling servicesastronpack.com

Financials of Astron Packaging Limited

FY 2024 filings available

Astron Packaging Limited reported revenue of ₹385.12 Cr (up 20% YoY) for FY 2024.

Revenue · FY 2024
₹385.12 Cr ▲ 20%
Net profit · FY 2024
₹9.84 Cr margin 2.6%
EBITDA · FY 2024
₹40.89 Cr margin 10.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 4%

Revenue has grown at a compounded annual rate (CAGR) of 12% over three years, including 20% growth in the latest year. EBITDA rose 48% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations₹385.12 Cr
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹40.89 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹9.84 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin10.6%
Net Profit Margin2.6%
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 Astron Packaging Limited, buy the company report.

Board of directors of Astron Packaging Limited

Astron Packaging has 8 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Urmish Hasmukh Chudgar
Also directs: Advanced Transfusion Medicine Research Foundation, Intas Pharmaceuticals Limited, Accord Healthcare Limited and 3 more
Director03 Jul 200125 Years 4 MonthsCurrent
Bhadresh Rajnikant ShahDirector17 Jun 20215 Years 4 MonthsCurrent
Mukesh Mangaldas ShahDirector17 Jun 20215 Years 4 MonthsCurrent
Binish Hasmukh Chudgar
Also directs: Intas Pharmaceuticals Limited, Accord Healthcare Limited, Jina Lifesciences Private Limited and 5 more
Director03 Jul 200125 Years 4 MonthsCurrent
Komal Nimish Chudgar
Also directs: Taigus Private Limited
Director01 Jul 20251 Years 4 MonthsCurrent
Ruchi Nimishbhai Chudgar
Also directs: Arron Fresh Private Limited, Occura Eyecare Private Limited
Director15 Apr 200818 Years 6 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Astron Packaging Limited is audited by Priyam C Shah & Associates for the financial year 2024.

Auditor firmFinancial yearFirm registration number
Priyam C Shah & AssociatesFY 2024134821W

Shareholding

The shareholding of Astron Packaging 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 categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Astron Packaging Limited, buy the company report.

Charges & borrowings

Open charges
₹349.1 Cr
Satisfied charges
₹153.2 Cr
Breakdown by lending institutions
Others₹242.44 Cr
Hdfc Bank Limited₹106.66 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 May 2025101103197Hdfc Bank Limited₹34.32 CrOpen
17 Aug 2024100967698Hdfc Bank Limited₹24.07 CrOpen
14 Jan 2022100532597Others₹17.08 CrOpen
21 Dec 2020100403888Others₹14.06 CrOpen
13 Aug 2020100358065Others₹4.8 CrOpen

To see the full charge records of Astron Packaging Limited, buy the company report.

Total charge records: 18 View all charges

Deals & funding

Astron Packaging Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹20.3 Cr; the latest was in March 2019.

Total deals
7
Funding rounds
3
Secondary share transfers
3
Rights issue
1
Disclosed funding
₹20.3 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Mar 2019Secondary share transferUndisclosedBuyer: Accord Healthcare Limited
Seller: Intas Enterprise Private Limited , Equatorial Private Limited
Mar 2016Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2015Rights issue₹4 CrInvestors: an individual
Dec 2010Funding round₹5.39 CrInvestors: 2 individuals
Mar 2008Funding round₹1.65 CrInvestors: 3 individuals

To see the full deal history of Astron Packaging Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Astron Packaging Limited was last rated by Care on 05 Dec 2025.

Rating agencyRated onRating
Care05 Dec 2025

To see the full credit ratings and regulatory alerts of Astron Packaging Limited, buy the company report.

MSME payment delays

Astron Packaging Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 2,020 overdue payments to 49 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 49)

SupplierAmount dueDue sinceReported on
an individual supplier
Sharad Packaging Private Limited
an individual supplier
Prime Wires Private Limited
Akshar NX Digital Private Limited

To see the full MSME payment records of Astron Packaging Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Astron Packaging Limited has a workforce of 274 employees on its EPFO records as of Feb 26, 2025, across 1 active EPFO establishment.

Employee count
274
Active EPFO establishments
1
Employee growth
2.24%

GST

Astron Packaging has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AAECA0093L1ZSGujaratActive01 Jul 2017
27AAECA0093L1ZMMaharashtraActive08 Jan 2025

To see the full GST registrations and return filing status of Astron Packaging Limited, buy the company report.

Recent activity

Astron Packaging Limited has 13 board changes on record since 2001: 8 appointments and 5 cessations. The latest: Komal Nimish Chudgar ceased to be Additional Director on 28 Sep 2025.

Charges
A charge with Hdfc Bank Limited of Rs. 34.32 Cr registered on 19 May 2025 with Charge ID 101103197 was modified on 15 Oct 2025.
Charges
A charge with Others of Rs. 52.50 Cr registered on 13 Apr 2016 with Charge ID 100027750 was modified on 06 Oct 2025.
AGM
Astron Packaging Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Komal Nimish Chudgar ceased to be Additional Director.
Charges
A charge with Others of Rs. 77.50 Cr registered on 02 Aug 2013 with Charge ID 10443331 was modified on 30 Aug 2025.
Appointed
Komal Nimish Chudgar was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 34.32 Cr with Charge ID 101103197 was registered on 19 May 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.07 Cr with Charge ID 100967698 was registered on 17 Aug 2024.
Charges
A charge with Others of Rs. 30.00 Cr registered on 28 Nov 2019 with Charge ID 100307170 was modified on 22 Jul 2024.
Charges
A charge with Others of Rs. 1.50 Cr registered on 15 Nov 2019 with Charge ID 100307174 was modified on 22 Jul 2024.
Filing
Astron Packaging Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 45.00 Cr registered on 04 Nov 2017 with Charge ID 100137236 was modified on 12 Jan 2024.

40 earlier events are in the company report.

Frequently asked questions

Astron Packaging is an active public limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 03 July 2001 (25+ years old) and is registered under CIN U21029GJ2001PLC039733.

Astron Packaging has 8 current directors:

The latest financial statements of Astron Packaging on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Astron Packaging is 24AAECA0093L1ZS, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECA0093L1ZM (Maharashtra).

The CIN (Corporate Identification Number) of Astron Packaging is U21029GJ2001PLC039733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Astron Packaging has 13 court cases on record: 6 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.

Astron Packaging was incorporated on 03 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Astron Packaging has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹20.3 Cr; the latest was in March 2019.

Komal Nimish Chudgar ceased to be Additional Director on 28 Sep 2025. Komal Nimish Chudgar was appointed as Director on 01 Jul 2025. Bhadresh Rajnikant Shah ceased to be Additional Director on 21 Jun 2021. Astron Packaging has 13 board changes on record in total.

Astron Packaging has 11 MSME Form 1 returns on record between 2019 and 2024, listing 2,020 overdue payments to 49 micro and small suppliers. The latest return was filed on 30 Apr 2024.

Astron Packaging can be reached through the website astronpack.com. Its registered office is in Ahmedabad, Gujarat, India.