MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-32-0003797
Balaji Packplast Private Limited
Balaji Packplast Private Limited - packaging in Morbi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.63 Cr
▲ 7% YoY
Net profit · FY 2025
₹13.18 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹75.12 Lakh
EBITDA margin 2.4%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹5.43 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
14
Provident fund records
About Balaji Packplast Private Limited
Data last updated:
Balaji Packplast Private Limited is a private limited company based in Morbi, Gujarat, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 04 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25202GJ2015PTC084053. Its GSTIN is 24AAGCB3812L1ZS (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Jaysukhbhai Devkaranbhai Kakasaniya and Jagdishbhai Amarshibhai Panara.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 7/4 P1 At: Lakhdhirgadh Taluka: Tankara, Morbi, Gujarat, India – 363650.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.63 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹13.18 Lakh (net margin 0.4%) and EBITDA of ₹75.12 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.43 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹3.99 Cr; the latest was in February 2016. Its 7 peer companies in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 3 smaller; the largest is Balaji Plastofoil Private Limited with revenue of ₹32.54 Cr. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 66 overdue payments to 9 micro and small suppliers.
Balaji Packplast Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-32-0003797). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U25202GJ2015PTC084053
Registration Number 084053
Incorporation Date 04 August 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-32-0003797
Key People
Jaysukhbhai Devkaranbhai Kakasaniya Director Jagdishbhai Amarshibhai Panara Director Devendra Amarshibhai Panara Director Recognitions & Rankings of Balaji Packplast
Contact details
Balaji Packplast Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 7/4 P1 At: Lakhdhirgadh Taluka: Tankara, Morbi, Gujarat, India – 363650
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Balaji Packplast Private Limited, buy the company report.
Comprehensive company report
Balaji Packplast 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 Balaji Packplast 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 Balaji Packplast Private Limited, buy the company report.
Financials of Balaji Packplast Private Limited
FY 2025 filings availableBalaji Packplast Private Limited reported revenue of ₹31.63 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹31.63 Cr ▲ 7%
Net profit · FY 2025
₹13.18 Lakh margin 0.4%
EBITDA · FY 2025
₹75.12 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 7%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 25%
5 years · compounded
▼ 20%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 7% growth in the latest year. EBITDA fell 35% 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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| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.18 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| 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 | 2.4% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Balaji Packplast Private Limited, buy the company report.
Board of directors of Balaji Packplast Private Limited
Balaji Packplast has 4 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 |
|---|---|---|---|---|
| Jaysukhbhai Devkaranbhai Kakasaniya | Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Jagdishbhai Amarshibhai Panara Also directs: Balark Technoplast Private Limited | Director | 04 Aug 2015 | 11 Years 2 Months | Current |
| Devendra Amarshibhai Panara Also directs: Balark Technoplast Private Limited | Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Hitesh Chandrakant Gandhi | Director | 04 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Balaji Packplast Private Limited is compared with the 7 companies closest to it by revenue in the Packaging industry (Woven Products), 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 |
|---|---|---|---|---|---|---|
| Balaji Plastofoil Private Limited | ₹32.54 Cr (FY 2024) | 7.0% | Burdwan, West Bengal, India | |||
| BDG Shanti Polypack Private Limited | ₹32.12 Cr (FY 2024) | 107.0% | Kolkata, West Bengal, India | |||
| Raipur Polymers Private Limited | ₹31.91 Cr (FY 2019) | -7.0% | Raipur, Chhattisgarh, India | |||
| Shri Geeta Sacks Private Limited | ₹31.66 Cr (FY 2024) | -28.0% | Ahmedabad, Gujarat, India | |||
| Balaji Packplast Private Limitedthis company | ₹31.63 Cr (FY 2025) | ₹13.18 Lakh | 0.4% | 7.0% | 14 | Morbi, Gujarat, India |
| Stellar Polypack Private Limited | ₹31.32 Cr (FY 2025) | 20.0% | Kadi, Gujarat, India | |||
| Parth Plastpack Private Limited | ₹31.24 Cr (FY 2025) | 12.0% | Gram Kazi Palasia, Madhya Pradesh, India | |||
| Ideal Wovenplast Private Limited | ₹31.07 Cr (FY 2025) | 0.0% | Surat, Gujarat, India |
To see the full peer comparison of Balaji Packplast Private Limited, buy the company report.
Auditor
Balaji Packplast Private Limited is audited by BHOJANI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHOJANI & ASSOCIATES | FY 2023 | 160094 |
Shareholding
The shareholding of Balaji Packplast 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 Balaji Packplast Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.43 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2016 | 10625060 | Others | ₹5.43 Cr | Open |
To see the full charge records of Balaji Packplast Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Balaji Packplast Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹3.99 Cr; the latest was in February 2016.
Total deals
1
Funding round
1
Disclosed funding
₹3.99 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Funding round | ₹3.99 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Balaji Packplast Private Limited has 1 court case on record: 1 filed by Balaji Packplast. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Pending |
To see the full case history of Balaji Packplast 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
Balaji Packplast Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 66 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sky Stouch Polymers Morbi | |||
| an individual supplier | |||
| Wintex Industries Tankara | |||
| an individual supplier | |||
| Laxmi Poly Industries Lajai |
To see the full MSME payment records of Balaji Packplast Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Balaji Packplast Private Limited has a workforce of 14 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
Employee growth
-17.65%
GST
Balaji Packplast has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCB3812L1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Packplast Private Limited, buy the company report.
Recent activity
Balaji Packplast Private Limited has 6 board changes on record since 2015: 4 appointments and 2 cessations. The latest: Devendra Amarshibhai Panara was appointed as Director on 30 Aug 2016.
AGM
Balaji Packplast Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Balaji Packplast Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 5.43 Cr registered on 22 Feb 2016 with Charge ID 10625060 was modified on 09 Aug 2024.
Appointed
Devendra Amarshibhai Panara was appointed as Director.
Appointed
Jaysukhbhai Devkaranbhai Kakasaniya was appointed as Director.
Charges
A charge with Others amounted to Rs. 5.43 Cr with Charge ID 10625060 was registered on 22 Feb 2016.
Ceased
Devendra Amarshibhai Panara ceased to be Director.
Ceased
Jaysukhbhai Devkaranbhai Kakasaniya ceased to be Director.
Appointed
Hitesh Chandrakant Gandhi was appointed as Director.
Appointed
Jagdishbhai Amarshibhai Panara was appointed as Director.
Incorporation
04 Aug 2015
Balaji Packplast Private Limited was registered on 04 Aug 2015 with Roc Ahmedabad & aged 11 years 2 months as per MCA records.
Frequently asked questions
Balaji Packplast is an active private limited company based in Morbi, Gujarat, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 04 August 2015 (11+ years old) and is registered under CIN U25202GJ2015PTC084053.
Balaji Packplast has 4 current directors:
- Jaysukhbhai Devkaranbhai Kakasaniya - Director
- Jagdishbhai Amarshibhai Panara - Director
- Devendra Amarshibhai Panara - Director
- Hitesh Chandrakant Gandhi - Director
The latest financial statements of Balaji Packplast on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Balaji Packplast is 24AAGCB3812L1ZS, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Balaji Packplast is U25202GJ2015PTC084053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Packplast has 1 court case on record: 1 filed by the company. 1 is pending.
Balaji Packplast was incorporated on 04 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Balaji Packplast has 1 deal on record (1 funding round), with disclosed funding of ₹3.99 Cr; the latest was in February 2016.
The peers of Balaji Packplast by revenue are Balaji Plastofoil Private Limited, BDG Shanti Polypack Private Limited, Raipur Polymers Private Limited, Shri Geeta Sacks Private Limited, Stellar Polypack Private Limited and 2 more, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Devendra Amarshibhai Panara was appointed as Director on 30 Aug 2016. Jaysukhbhai Devkaranbhai Kakasaniya was appointed as Director on 30 Aug 2016. Devendra Amarshibhai Panara ceased to be Director on 12 Feb 2016. Balaji Packplast has 6 board changes on record in total.
Yes, Balaji Packplast is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-32-0003797).
Balaji Packplast has 2 MSME Form 1 returns on record between 2018 and 2019, listing 66 overdue payments to 9 micro and small suppliers. The latest return was filed on 04 Jun 2019.