MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-32-0014584
Bang Polyweave Private Limited - packaging in Solapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.13 Cr
▲ 54% YoY
Net profit · FY 2025
₹3.06 Cr
Net margin 5.8%
EBITDA · FY 2025
₹9.75 Cr
EBITDA margin 18.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹45.65 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
32
Provident fund records
About Bang Polyweave Private Limited
Data last updated:
Bang Polyweave Private Limited is a private limited company based in Solapur, Maharashtra, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 29 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17299PN2020PTC190982. Its GSTIN is 27AAJCB0319F1Z0 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Vasudev Rangnath Bang and Krishnakumar Ramkumar Bang.
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 Flat No – 203 Second Floor Tiyara Apartment, Solapur, Maharashtra, India – 413002.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.13 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹3.06 Cr (net margin 5.8%) and EBITDA of ₹9.75 Cr (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 154% over three years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.65 Cr on record.
Bang Polyweave Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-32-0014584). For more details, the company can be reached via its website ashoktowels.com.
Company Details of Bang Polyweave Private Limited
CIN U17299PN2020PTC190982
Registration Number 190982
Incorporation Date 29 May 2020
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-MH-32-0014584
Recognitions & Rankings of Bang Polyweave
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No – 203 Second Floor Tiyara Apartment, Solapur, Maharashtra, India – 413002
- IndustryPackaging, Woven Packaging Products
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Business Activity of Bang Polyweave Private Limited
The main business activity of Bang Polyweave is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Bang Polyweave Private Limited FY 2025 filings available
Bang Polyweave Private Limited reported revenue of ₹53.13 Cr (up 54% YoY) for FY 2025.
Revenue · FY 2025
₹53.13 Cr ▲ 54%
Net profit · FY 2025
₹3.06 Cr margin 5.8%
EBITDA · FY 2025
₹9.75 Cr margin 18.3%
Compounded Annual Growth Rate (CAGR) of Bang Polyweave Private Limited
Revenue CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 154%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 272%
Revenue has grown at a compounded annual rate (CAGR) of 154% over three years, including 54% growth in the latest year. EBITDA rose 29% 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 of Bang Polyweave Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.75 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.06 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 of Bang Polyweave Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bang Polyweave are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
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Verified entity values are shown only after access is granted.
Board of Directors of Bang Polyweave Private Limited
Bang Polyweave has 2 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 |
|---|---|---|---|---|
| Vasudev Rangnath Bang Also directs: Kamalswastika Infrastructure LLP, Bang Data Forms Pvt Ltd, Bang Technotex Private Limited and 2 more | Director | 21 Nov 2020 | 5 Years 11 Months | Current |
| Krishnakumar Ramkumar Bang | Director | 21 Nov 2020 | 5 Years 11 Months | Current |
Peer Comparison of Bang Polyweave Private Limited
Bang Polyweave Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Woven Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wizdem Technopack Private Limited | ₹55.24 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Hyderabad, Telangana, India |
| Wampum Industries Private Limited | ₹54.9 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Surat, Gujarat, India |
| Kesari Fibres Private Limited | ₹54.75 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Hyderabad, Telangana, India |
| Tech Weave International Private Limited | ₹54.64 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Ahmedabad, Gujarat, India |
| Fairdeal Jumbo Packaging Private Limited | ₹53.7 Cr (FY 2021) | •••• | •••• | -29.0% | •••• | Sanand, Gujarat, India |
| Bang Polyweave Private Limited this company | ₹53.13 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Solapur, Maharashtra, India |
| Ghodawat Grains Private Limited | ₹53.06 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Chipari, Maharashtra, India |
| Ganpati Laminators and Packagers Pvt.Ltd. | ₹52.92 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | P.S.Posta, West Bengal, India |
| Sumhitha Polyfabrics Private Limited | ₹52.78 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Bulk Containers India Private Limited | ₹52.75 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Pune, Maharashtra, India |
| Siddhartha Innopack Industries Private Limited | ₹52.09 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Bang Polyweave by revenue in the Packaging industry (Woven Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bang Polyweave Private Limited
Bang Polyweave Private Limited is audited by K.M.GARG &CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.M.GARG &CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Bang Polyweave Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Charges & Borrowings of Bang Polyweave Private Limited
Open charges
₹45.65 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2025 | Others | ₹9 Cr | Open |
| 30 Aug 2025 | Others | ₹1 Cr | Open |
| 18 Jan 2024 | Others | ₹8.5 Cr | Open |
| 01 Jul 2021 | Yes Bank Limited | ₹27.15 Cr | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Bang Polyweave Private Limited
Bang Polyweave Private Limited has a workforce of 32 employees as of Apr 05, 2024.
Employee count
32
Active EPFO establishments
1
Employee growth
45.45%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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- ECR filing status
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Verified entity values are shown only after access is granted.
Recent Activity on Bang Polyweave Private Limited
Bang Polyweave Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Jitendra Hastimal Jain ceased to be Director on 01 Jul 2022.
Charges
A charge with Others of Rs. 9.00 Cr registered on 30 Aug 2025 with Charge ID 101165347 was modified on 08 Oct 2025.
Charges
A charge with Others of Rs. 1.00 Cr registered on 30 Aug 2025 with Charge ID 101165345 was modified on 08 Oct 2025.
AGM
Bang Polyweave Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 9.00 Cr with Charge ID 101165347 was registered on 30 Aug 2025.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101165345 was registered on 30 Aug 2025.
Filing
Bang Polyweave Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 8.50 Cr with Charge ID 100856949 was registered on 18 Jan 2024.
Ceased
Jitendra Hastimal Jain ceased to be Director.
Charges
A charge with Yes Bank Limited of Rs. 27.15 Cr registered on 01 Jul 2021 with Charge ID 100455054 was modified on 01 Nov 2021.
Charges
A charge with Yes Bank Limited amounted to Rs. 27.15 Cr with Charge ID 100455054 was registered on 01 Jul 2021.
Ceased
Harshad Ashok Kankariya ceased to be Additional Director.
Appointed
Krishnakumar Ramkumar Bang was appointed as Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bang Polyweave Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Bang Polyweave Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Bang Polyweave Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Bang Polyweave Private Limited
Bang Polyweave has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCB0319F1Z0 | Maharashtra | Active | 29 Jan 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Bang Polyweave Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Bang Polyweave Private Limited
Bang Polyweave is an active private limited company based in Solapur, Maharashtra, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 29 May 2020 (6+ years old) and is registered under CIN U17299PN2020PTC190982.
Bang Polyweave reported revenue of ₹53.13 Cr for FY 2025 (up 54% YoY).
Bang Polyweave has 2 current directors:
- Vasudev Rangnath Bang - Director
- Krishnakumar Ramkumar Bang - Director
Bang Polyweave reported a net profit of ₹3.06 Cr (net margin 5.8%) and EBITDA of ₹9.75 Cr (EBITDA margin 18.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bang Polyweave is 154% over three years. In the latest year (FY 2025) revenue rose 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bang Polyweave is 27AAJCB0319F1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bang Polyweave is U17299PN2020PTC190982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bang Polyweave was incorporated on 29 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Bang Polyweave by revenue are Wizdem Technopack Private Limited, Wampum Industries Private Limited, Kesari Fibres Private Limited, Tech Weave International Private Limited, Fairdeal Jumbo Packaging Private Limited and 5 more, all in the Packaging industry (Woven Products).
Jitendra Hastimal Jain ceased to be Director on 01 Jul 2022. Harshad Ashok Kankariya ceased to be Additional Director on 31 Mar 2021. Krishnakumar Ramkumar Bang was appointed as Director on 21 Nov 2020. Bang Polyweave has 6 board changes on record in total.
Yes, Bang Polyweave is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-32-0014584).