About Betts India Private Limited
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Betts India Private Limited is a private limited company based in Salcete, Goa, India, a subsidiary of Betts International Limited. It operates in the pharmaceutical packaging solutions segment of the packaging sector. It was incorporated on 27 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U74950GA1994PTC002717. Its GSTIN is 30AACCB8811F1Z7 (Goa). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹200.01 Cr and a paid-up capital of ₹48.37 Cr. It was formerly known as Betts India Limited. It is led by directors including Lester Pinto (Managing Director) and Jean Michel Mark Mergui.
Its last annual general meeting (AGM) was held on 29 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at L – 78 Verna Electronic City Verna Salcete, Goa, India – 403722.
As per the financials filed for FY 2025, the company reported a revenue of ₹546.68 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹25.09 Cr (net margin 4.6%) and EBITDA of ₹81.41 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 23% over five years.
The company has about 182 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Albéa Group. As per MCA filings, the company has open charges of ₹18 Cr and satisfied charges of ₹98.5 Cr on record. Court records list 21 cases involving the company, including 15 filed by the company and 6 filed against it. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹169.29 Cr; the latest was in October 2022. Its 3 peer companies in the Packaging industry (Pharma Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Shriji Polymers (India) Limited with revenue of ₹842.29 Cr. The company has 16 MSME Form 1 returns on record between 2018 and 2022, listing 173 overdue payments to 53 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 albea-group.com.
Company details
CIN history
Betts India has one previous CIN (Corporate Identification Number): U74950GA1999PTC002717. The current CIN is U74950GA1994PTC002717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74950GA1994PTC002717 | Current |
| U74950GA1999PTC002717 | Previous |
Contact details
Betts India Private Limited's registered office is in Salcete, Goa. Its website is albea-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressL – 78 Verna Electronic City Verna Salcete, Goa, India – 403722
- IndustryPackaging, Pharmaceutical Packaging Solutions
To see the full contact details of Betts India Private Limited, buy the company report.
- 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
Brands
Betts India operates one associated brand: Albéa Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cosmetic and personal care packaging solutions are manufactured worldwide. | albea-group.com |
Business activity
The main business activity of Betts 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 Betts India Private Limited, buy the company report.
Financials of Betts India Private Limited
FY 2025 filings availableBetts India Private Limited reported revenue of ₹546.68 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 2% growth in the latest year. EBITDA rose 3% 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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| EBITDA | ₹81.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.09 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 | 14.9% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Betts India Private Limited, buy the company report.
Board of directors of Betts India Private Limited
Betts India has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jean Michel Mark Mergui | Director | 31 Oct 2023 | 2 Years 11 Months | Current |
| Maya Bruni Dias Also directs: Abdos Lamitubes Private Limited | Director | 03 Mar 2015 | 11 Years 7 Months | Current |
| Lester Pinto Also directs: Abdos Lamitubes Private Limited | Managing Director | 02 Apr 2002 | 24 Years 6 Months | Current |
| Kamal Kumar Agarwal | Director | 24 Nov 2021 | 4 Years 11 Months | Current |
| Derek James Eaton Also directs: Abdos Lamitubes Private Limited | Director | 08 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Betts India Private Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Pharma Packaging), 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 |
|---|---|---|---|---|---|---|
| Shriji Polymers (India) Limited | ₹842.29 Cr (FY 2025) | 8.0% | Ujjain, Madhya Pradesh, India | |||
| West Pharmaceutical Packaging India Private Limited | ₹814.55 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| Betts India Private Limitedthis company | ₹546.68 Cr (FY 2025) | ₹25.09 Cr | 4.6% | 2.0% | 182 | Salcete, Goa, India |
| Abdos Lamitubes Private Limited | ₹283.93 Cr (FY 2025) | 0.0% | Guwahati, Assam, India |
To see the full peer comparison of Betts India Private Limited, buy the company report.
Auditor
Betts India Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Betts 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 Betts India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2001 | 80042260 | Hdfc Bank Limited | ₹18 Cr | Open | |
| 22 Apr 2022 | 100568328 | Standard Chartered Bank | ₹16.5 Cr | Satisfied | |
| 27 Nov 2019 | 100308916 | Hdfc Bank Limited | ₹12 Cr | Satisfied | |
| 14 Oct 2016 | 100081148 | Others | ₹25 Cr | Satisfied | |
| 23 Dec 2014 | 10540244 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Betts India Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Betts India Private Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹169.29 Cr; the latest was in October 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Funding round | ₹39.28 Cr | Investors: BETTS International Limited |
| Oct 2021 | Funding round | ₹130 Cr | Investors: BETTS International Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Seller: BETTS International Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Seller: BETTS International Limited, BETTS Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: BETTS International Limited, BETTS Limited |
To see the full deal history of Betts India Private 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
Betts India Private Limited has 21 court cases on record: 15 filed by Betts India, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 4 | 0 |
| District courts | 3 | 1 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Appeal | Filed by the company against Glowing Gardenia Essentials Pvt Ltd and Ors and 3 others | Disposed |
| District court, South Goa, Goa | Civil suit | Filed by the company against Glowing Gardenia Essentials Private Limited and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Essel Propack Ltd | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against The State of HP and Others | Disposed |
| Supreme Court | Court case (0419-Indirect Taxes Matters : Interpretation of the Central Excise Act & the rules) | Filed by the company against Commissioner of Central Excise Ice House, Patto , District: Panaji ,North Goa , Goa | Disposed |
To see the full case history of Betts 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
Betts India Private Limited has 16 MSME Form 1 returns on record between 2018 and 2022, listing 173 overdue payments to 53 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 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Technoshell Automations Private Limited | |||
| Anabros Polymers Pvt Limited | |||
| Man Logistics (India) Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Betts India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Betts India Private Limited has a workforce of 182 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Betts India has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AACCB8811F1Z7 | Goa | Active | 01 Jul 2017 |
| 30AACCB8811F2Z6 | Goa | Active | 29 Aug 2024 |
| 02AACCB8811F1Z6 | Himachal Pradesh | Active | 01 Jul 2017 |
| 24AACCB8811F1Z0 | Gujarat | Active | 14 Sep 2024 |
To see the full GST registrations and return filing status of Betts India Private Limited, buy the company report.
Recent activity
Betts India Private Limited has 17 board changes on record since 2002: 5 appointments and 12 cessations. The latest: Derek James Eaton ceased to be Additional Director on 28 Oct 2025.
25 earlier events are in the company report.
Frequently asked questions
Betts India is an active private limited company based in Salcete, Goa, India. The company works in pharmaceutical packaging solutions, within the packaging industry. It was incorporated on 27 October 1994 (32+ years old) and is registered under CIN U74950GA1994PTC002717.
Betts India has 5 current directors:
- Lester Pinto - Managing Director
- Jean Michel Mark Mergui - Director
- Maya Bruni Dias - Director
- Kamal Kumar Agarwal - Director
- Derek James Eaton - Director
The latest financial statements of Betts India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Betts India is 30AACCB8811F1Z7, registered in Goa. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 30AACCB8811F2Z6 (Goa), 02AACCB8811F1Z6 (Himachal Pradesh), 24AACCB8811F1Z0 (Gujarat).
The CIN (Corporate Identification Number) of Betts India is U74950GA1994PTC002717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Betts India has 21 court cases on record: 15 filed by the company and 6 filed against it. Most are in the high courts.
Betts India was incorporated on 27 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Goa.
Betts India has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹169.29 Cr; the latest was in October 2022.
The peers of Betts India by revenue are Shriji Polymers (India) Limited, West Pharmaceutical Packaging India Private Limited, Abdos Lamitubes Private Limited, all in the Packaging industry (Pharma Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Derek James Eaton ceased to be Additional Director on 28 Oct 2025. Derek James Eaton was appointed as Director on 08 Apr 2025. Jean Michel Mark Mergui ceased to be Additional Director on 21 Dec 2023. Betts India has 17 board changes on record in total.
Betts India has 16 MSME Form 1 returns on record between 2018 and 2022, listing 173 overdue payments to 53 micro and small suppliers. The latest return was filed on 28 Apr 2022.
Betts India can be reached through the website albea-group.com. Its registered office is in Salcete, Goa, India.