- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0108357

About Biltube Industries Limited
Data last updated:
Biltube Industries Limited is a public limited company based in Kolhapur, Maharashtra, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 05 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U21093PN2004PLC018983. Its GSTIN is 27AAHCS9883K1ZF (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹107 Cr and a paid-up capital of ₹61.94 Cr. It was formerly known as Biltube Core Boards Limited and Siddharth Core Boards Private Limited. It is led by directors including Prakash Harakchand Bhandari (Managing Director) and Kiran Harakchand Bhandari (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gat No. 1172 To 1178 At Post Kodoli Taluka Panha District Kolhapur, Maharashtra, India – 416114.
As per the financials filed for FY 2025, the company reported a revenue of ₹240.4 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹34.88 Cr (net margin 14.5%) and EBITDA of ₹58.65 Cr (EBITDA margin 24.4%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 38% over five years.
The company has about 109 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Biltube. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹496.64 Cr on record. Court records list 47 cases involving the company, including 12 filed by the company and 33 filed against it; 13 cases are pending. The company has 15 deals on record (10 secondary share transfers, 5 funding rounds), with disclosed funding of ₹126.16 Cr; the latest was in November 2023. Its 10 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging) are compared by revenue, 5 larger and 5 smaller; the largest is Ganga Papers India Limited with revenue of ₹258.07 Cr.
Biltube Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0108357). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website biltube.com.
Name History of Biltube Industries Limited
Biltube Industries has undergone 3 name changes throughout its history. The company was previously known as Biltube Core Boards Limited, Siddharth Core Boards Private Limited, and Siddharth Core Boards Limited. The current legal name is Biltube Industries Limited.
| Company Name | Status |
|---|---|
| Biltube Industries Limited | Current |
| Biltube Core Boards Limited | Previous |
| Siddharth Core Boards Private Limited | Previous |
| Siddharth Core Boards Limited | Previous |
CIN History of Biltube Industries Limited
Biltube Industries has one previous CIN (Corporate Identification Number): L21093PN2004PLC018983. The current CIN is U21093PN2004PLC018983, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21093PN2004PLC018983 | Current |
| L21093PN2004PLC018983 | Previous |
Recognitions & Rankings of Biltube Industries
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressGat No. 1172 To 1178 At Post Kodoli Taluka Panha District Kolhapur, Maharashtra, India – 416114
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
- 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
- One PDF report, delivered after checkout
Associated Brands with Biltube Industries Limited
Biltube Industries operates one associated brand: Biltube. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cylindrical paper packaging solutions including tubes and cores are manufactured. | biltube.com |
Business Activity of Biltube Industries Limited
The main business activity of Biltube Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Biltube Industries Limited FY 2024 filings available
Biltube Industries Limited reported revenue of ₹240.4 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Biltube Industries Limited
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 30% growth in the latest year. EBITDA rose 300% 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 Biltube Industries 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 | ₹58.65 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.88 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 Biltube Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.5% | •••• | •••• | •••• | •••• |
| 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 Biltube Industries are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Biltube Industries Limited
Biltube Industries has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Dinkar Tole Also directs: Kodesaga Immersive Learning LLP, Caprihans India Limited, Vacuum Plant and Instruments Manufacturing Company Limited and 1 more | Additional Director | 01 Feb 2025 | 1 Years 8 Months | Current |
| Zalak Dharmendrabhai Shah Also directs: Chordia Food Products Limited, Mojj Engineering Systems Limited, Invade Agro Limited and 1 more | Additional Director | 01 Feb 2025 | 1 Years 8 Months | Current |
| Ilahi Rajjap Mulani | Whole-Time Director | 01 Sep 2017 | 9 Years 1 Months | Current |
| Prakash Harakchand Bhandari | Managing Director | 29 Sep 2007 | 19 Years 0 Months | Current |
| Kiran Harakchand Bhandari | Managing Director | 24 Mar 2005 | 21 Years 6 Months | Current |
| Aishwarya Tiwari | Additional Director | 16 Apr 2025 | 1 Years 6 Months | Current |
Peer Comparison of Biltube Industries Limited
Biltube Industries Limited is compared with the companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ganga Papers India Limited Listed | ₹258.07 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Congrats Agropack Private Limited | ₹257.89 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | New Delhi, Delhi, India |
| Satkar Paper Mills Private Limited | ₹254.55 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Punjab, India |
| Paptech India Private Limited | ₹250.7 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Shree Packers (MP) Private Limited | ₹246.58 Cr (FY 2024) | •••• | •••• | 109.0% | •••• | Ujjain, Madhya Pradesh, India |
| Biltube Industries Limited this company | ₹240.4 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Kolhapur, Maharashtra, India |
| Kausika Enterprises Private Limited | ₹232.87 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Ernakulam, Kerala, India |
| Kalyani Fibres Limited | ₹223.76 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Surat, Gujarat, India |
| Virgo Decors Private Limited | ₹222.85 Cr (FY 2019) | •••• | •••• | 7.0% | •••• | Chandigarh, India |
| MLM (India) Limited | ₹218.06 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Delhi, India |
| Ravi Organics Limited | ₹215.98 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Biltube Industries by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), 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 Biltube Industries Limited
Biltube Industries Limited is audited by C K D & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C K D & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Biltube Industries Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Biltube Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Sep 2025 | Others | ₹30 Cr | Open |
| 08 Sep 2010 | Sbicap Trustee Company Limited | ₹150.29 Cr | Satisfied |
| 08 Sep 2010 | Sbicap Trustee Company Limited | ₹72.5 Cr | Satisfied |
| 01 Oct 2009 | Axis Bank Limited | ₹23 Cr | Satisfied |
| 29 Sep 2009 | Idbi Bank Limited | ₹18.13 Cr | Satisfied |
Total charge records: 16 View all charges
Deals & Funding of Biltube Industries Limited
Biltube Industries Limited has 15 deals on record (10 secondary share transfers, 5 funding rounds), with disclosed funding of ₹126.16 Cr; the latest was in November 2023.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Meshwell Auto Co Pvt Ltd , Ravindra Mutha HUF, 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Saspack Ventures Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Saspack Ventures Private Limited Seller: Ravindra Mutha HUF |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Saspack Ventures Private Limited Seller: Ravindra Mutha HUF |
| Jun 2008 | Funding round | ₹7.55 Cr | Investors: Meshwell Auto Co Pvt Ltd , an individual |
Full deal history
All 15 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Biltube Industries Limited
Biltube Industries Limited has 47 court cases on record: 12 filed by Biltube Industries, 33 filed against it, 2 where it is another party. 13 cases are pending and 34 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 25 | 11 |
| High courts | 13 | 8 | 2 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by SKD Consultants Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Stci Finance Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Nalco Water India Private Limited | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Gupta Coal India Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Nath Pulp and Paper Mills Limited | Pending |
Full case history
All 47 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Biltube Industries Limited
Biltube Industries Limited has a workforce of 109 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Biltube Industries Limited
Biltube Industries Limited has 20 board changes on record since 2005: 7 appointments and 13 cessations. The latest: Ilahi Rajjap Mulani ceased to be Additional Director on 24 Apr 2025.
51 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Biltube Industries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Biltube Industries Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Biltube Industries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Biltube Industries Limited
Biltube Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS9883K1ZF | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Biltube Industries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Biltube Industries Limited
Biltube Industries is an active public limited company based in Kolhapur, Maharashtra, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 05 March 2004 (22+ years old) and is registered under CIN U21093PN2004PLC018983.
Biltube Industries reported revenue of ₹240.4 Cr for FY 2025 (up 30% YoY).
Biltube Industries has 6 current directors:
- Prakash Harakchand Bhandari - Managing Director
- Kiran Harakchand Bhandari - Managing Director
- Ilahi Rajjap Mulani - Whole-Time Director
- Sanjeev Dinkar Tole - Additional Director
- Zalak Dharmendrabhai Shah - Additional Director
- Aishwarya Tiwari - Additional Director
Biltube Industries reported a net profit of ₹34.88 Cr (net margin 14.5%) and EBITDA of ₹58.65 Cr (EBITDA margin 24.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Biltube Industries is 12% over three years and 38% over five years. In the latest year (FY 2025) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Biltube Industries is 27AAHCS9883K1ZF, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Biltube Industries is U21093PN2004PLC018983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Biltube Industries has 47 court cases on record: 12 filed by the company and 33 filed against it. 13 are pending. Most are in the district courts.
Biltube Industries was incorporated on 05 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
Biltube Industries has 15 deals on record (10 secondary share transfers, 5 funding rounds), with disclosed funding of ₹126.16 Cr; the latest was in November 2023.
The peers of Biltube Industries by revenue are Ganga Papers India Limited, Congrats Agropack Private Limited, Satkar Paper Mills Private Limited, Paptech India Private Limited, Shree Packers (MP) Private Limited and 5 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging).