Fortune MNC 500 India 2026 edition
Rank#215- Total income
- ₹3,210 Cr
- Profit
- ₹312 Cr
Last year #222
Avery Dennison (India) Private Limited - packaging in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3,398.35 Cr
▲ 5% YoY
Net profit · FY 2025
₹293.49 Cr
Net margin 8.6%
EBITDA · FY 2025
₹465.07 Cr
EBITDA margin 13.7%
Authorised capital
₹47.65 Cr
Registered with MCA
Paid-up capital
₹47.65 Cr
Issued & subscribed
Open charges
₹2.3 Cr
Secured borrowings
Company age
31 yrs
Est. 1995
Employees · EPFO
1,396
Provident fund records
About Avery Dennison (India) Private Limited
Data last updated:
Avery Dennison (India) Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Avery Dennison Corporation. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 08 December 1995 and has been in existence for over 31 years.
Avery Dennison (India) is ranked #215 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PTC074475. Its GSTIN is 06AAACA6163D2Z3 (Haryana). The company holds 13 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹47.65 Cr and a paid-up capital of ₹47.65 Cr. It is led by directors including Muthusubramanian Ganesan (Whole-Time Director) and Saurabh Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at P – 24 Green Park Extension New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,398.35 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹293.49 Cr (net margin 8.6%) and EBITDA of ₹465.07 Cr (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 10% over five years.
The company has about 1,396 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avery Dennison. As per MCA filings, the company has open charges of ₹2.3 Cr on record. Court records list 97 cases involving the company, including 56 filed by the company and 41 filed against it; 12 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹25.96 Cr; the latest was in July 2010. Its 6 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 4 smaller; the largest is Uflex Limited with revenue of ₹15,184 Cr. The company has 21 MSME Form 1 returns on record between 2017 and 2024, listing 1,025 overdue payments to 159 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 averydennison.com.
Company details
CIN U74899DL1995PTC074475
Registration Number 074475
Incorporation Date 08 December 1995
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Avery Dennison Corporation
Compliance Status Active Compliant
Key People
Muthusubramanian Ganesan Whole-Time Director Saurabh Agarwal Whole-Time Director Hemant Kumar Tewari Whole-Time Director Recognitions & Rankings of Avery Dennison (India)
Contact details
Avery Dennison (India) Private Limited's registered office is in New Delhi, Delhi. Its website is averydennison.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP – 24 Green Park Extension New Delhi, Delhi, India – 110016
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Avery Dennison (India) Private Limited, buy the company report.
Comprehensive company report
Avery Dennison (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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Avery Dennison (India) operates one associated brand: Avery Dennison. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global materials science and digital identification solutions are provided. | averydennison.com |
Business activity
The main business activity of Avery Dennison (India) 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 Avery Dennison (India) Private Limited, buy the company report.
Financials of Avery Dennison (India) Private Limited
FY 2025 filings availableAvery Dennison (India) Private Limited reported revenue of ₹3,398.35 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹3,398.35 Cr ▲ 5%
Net profit · FY 2025
₹293.49 Cr margin 8.6%
EBITDA · FY 2025
₹465.07 Cr margin 13.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 10%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 14%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 5% growth 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 | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹465.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹293.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 13.7% | ||||
| Net Profit Margin | 8.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Avery Dennison (India) Private Limited, buy the company report.
Board of directors of Avery Dennison (India) Private Limited
Avery Dennison (India) has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthusubramanian Ganesan Also directs: Avery Dennison Rbis India Private Limited | Whole-Time Director | 14 Jun 2017 | 9 Years 4 Months | Current |
| Saurabh Agarwal | Whole-Time Director | 19 Apr 2017 | 9 Years 6 Months | Current |
| Hemant Kumar Tewari | Whole-Time Director | 25 May 2023 | 3 Years 4 Months | Current |
Peer comparison
Avery Dennison (India) Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Uflex Limited | ₹15,184 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Polyplex Corporation Limited | ₹6,980.56 Cr (FY 2025) | 10.0% | Uttranchal, Uttarakhand, India | |||
| Avery Dennison (India) Private Limitedthis company | ₹3,398.35 Cr (FY 2025) | ₹293.49 Cr | 8.6% | 5.0% | 1,396 | New Delhi, Delhi, India |
| Chiripal Poly Films Limited | ₹3,247.42 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Vacmet India Limited | ₹3,009.64 Cr (FY 2025) | 11.0% | Agra, Uttar Pradesh, India | |||
| Cosmo First Limited | ₹2,969.57 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Garware Hi-Tech Films Limited | ₹2,163.76 Cr (FY 2025) | 26.0% | Chhatrapati Sambhajinagar, Maharashtra, India |
To see the full peer comparison of Avery Dennison (India) Private Limited, buy the company report.
Auditor
Avery Dennison (India) Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Avery Dennison (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 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 Avery Dennison (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Oct 2000 | 90194318 | The Bank of Novascotia | ₹1.15 Cr | Open | |
| 14 Feb 2000 | 90194273 | State Bank of India | ₹1.15 Cr | Open |
To see the full charge records of Avery Dennison (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Avery Dennison (India) Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25.96 Cr; the latest was in July 2010.
Total deals
1
Funding round
1
Disclosed funding
₹25.96 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2010 | Funding round | ₹25.96 Cr | Investors: Avery Dennison Central Europe GmBh, RVL Packaging Far East Limited, Avery Pacific LLC, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avery Dennison (India) Private Limited has 97 court cases on record: 56 filed by Avery Dennison (India), 41 filed against it. 12 cases are pending and 85 are disposed.
Total cases
97
Filed by the company
56
Filed against the company
41
Pending
12
Disposed
85
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 18 | 6 |
| High courts | 37 | 20 | 4 |
| Supreme Court | 4 | 3 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company by Pandey Brothers Autotrack Pvt Ltd and 1 other | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Progressive Press Pvt. Ltd. and 4 others | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Web Tech Packaging India Pvt. Ltd. and Ors. | Pending |
| High Court, KARNATAKA | Court case (MFA) | Filed by the company against 3M India Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by 3M India Limited and 1 other | Disposed |
To see the full case history of Avery Dennison (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
Avery Dennison (India) Private Limited has 21 MSME Form 1 returns on record between 2017 and 2024, listing 1,025 overdue payments to 159 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 159)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dhanadayee Sales and Services Pvt Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| Cotmac Electronics Private Limited | |||
| Eminds Legal LLP |
To see the full MSME payment records of Avery Dennison (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Avery Dennison (India) Private Limited has a workforce of 1,396 employees on its EPFO records as of Mar 30, 2024, across 4 active EPFO establishments.
Employee count
1,396
Active EPFO establishments
4
Employee growth
-1.69%
GST
Avery Dennison (India) has 13 GST registrations: 9 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
9
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACA6163D2Z3 | Haryana | Active | 01 Jul 2017 |
| 19AAACA6163D1ZX | West Bengal | Active | 01 Jul 2017 |
| 27AAACA6163D1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 29AAACA6163D1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avery Dennison (India) Private Limited, buy the company report.
Recent activity
Avery Dennison (India) Private Limited has 25 board changes on record since 2008: 3 appointments and 22 cessations. The latest: Hemant Kumar Tewari was appointed as Whole-Time Director on 25 May 2023.
AGM
Avery Dennison (India) Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Avery Dennison (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Appointed
Hemant Kumar Tewari was appointed as Whole-Time Director.
Ceased
Hemant Kumar Tewari ceased to be Additional Director.
Ceased
Vivek Kumar ceased to be Additional Director.
Ceased
Muthusubramanian Ganesan ceased to be Additional Director.
Ceased
Pankaj Kumar Bhardwaj ceased to be Additional Director.
Ceased
Saurabh Agarwal ceased to be Additional Director.
Ceased
Mahasweta Ghosh ceased to be Additional Director.
Ceased
Elif Kagitcibasi ceased to be Director.
Appointed
Muthusubramanian Ganesan was appointed as Whole-Time Director.
Appointed
Saurabh Agarwal was appointed as Whole-Time Director.
20 earlier events are in the company report.
News
Frequently asked questions
Avery Dennison (India) is an active private limited company based in New Delhi, Delhi, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 08 December 1995 (31+ years old) and is registered under CIN U74899DL1995PTC074475.
Avery Dennison (India) has 3 current directors:
- Muthusubramanian Ganesan - Whole-Time Director
- Saurabh Agarwal - Whole-Time Director
- Hemant Kumar Tewari - Whole-Time Director
The latest financial statements of Avery Dennison (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avery Dennison (India) is 06AAACA6163D2Z3, registered in Haryana. The company has 13 GST registrations in all, of which 9 are active and 4 are cancelled or inactive. Other active GSTINs include 19AAACA6163D1ZX (West Bengal), 27AAACA6163D1Z0 (Maharashtra), 29AAACA6163D1ZW (Karnataka).
The CIN (Corporate Identification Number) of Avery Dennison (India) is U74899DL1995PTC074475. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avery Dennison (India) has 97 court cases on record: 56 filed by the company and 41 filed against it. 12 are pending. Most are in the district courts.
Avery Dennison (India) was incorporated on 08 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Avery Dennison (India) has 1 deal on record (1 funding round), with disclosed funding of ₹25.96 Cr; the latest was in July 2010.
The peers of Avery Dennison (India) by revenue are Uflex Limited, Polyplex Corporation Limited, Chiripal Poly Films Limited, Vacmet India Limited, Cosmo First Limited and 1 more, 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).
Hemant Kumar Tewari was appointed as Whole-Time Director on 25 May 2023. Hemant Kumar Tewari ceased to be Additional Director on 25 May 2023. Vivek Kumar ceased to be Additional Director on 29 Nov 2021. Avery Dennison (India) has 25 board changes on record in total.
Avery Dennison (India) has 21 MSME Form 1 returns on record between 2017 and 2024, listing 1,025 overdue payments to 159 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Avery Dennison (India) can be reached through the website averydennison.com. Its registered office is in New Delhi, Delhi, India.