MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0108357
Biltube Industries Limited - packaging in Kolhapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹240.4 Cr
▲ 30% YoY
Net profit · FY 2025
₹34.88 Cr
Net margin 14.5%
EBITDA · FY 2025
₹58.65 Cr
EBITDA margin 24.4%
Authorised capital
₹107 Cr
Registered with MCA
Paid-up capital
₹61.94 Cr
Issued & subscribed
Open charges
₹30 Cr
Satisfied ₹496.64 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
109
Provident fund records
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 55 cases involving the company, including 15 filed by the company and 40 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 4 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 3 larger and 1 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.
Company Details of Biltube Industries Limited
CIN U21093PN2004PLC018983
Registration Number 018983
Incorporation Date 05 March 2004
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0108357
Name History
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
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 |
Key People
Prakash Harakchand Bhandari Managing Director Kiran Harakchand Bhandari Managing Director Ilahi Rajjap Mulani Whole-Time Director Recognitions & Rankings of Biltube Industries
Contact Details
- 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
Comprehensive company report
Biltube Industries 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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Associated Brands
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
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 |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Biltube Industries Limited
FY 2024 filings availableBiltube Industries Limited reported revenue of ₹240.4 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹240.4 Cr ▲ 30%
Net profit · FY 2025
₹34.88 Cr margin 14.5%
EBITDA · FY 2025
₹58.65 Cr margin 24.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 12%
5 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 300%
3 years · compounded
▲ 55%
5 years · compounded
▲ 35%
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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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, and every line for FY 2020-21 to FY 2023-24, 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.
: available in the company report
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.
Current Directors
| 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
Biltube Industries Limited is compared with the companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper 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 |
|---|---|---|---|---|---|---|
| Ganga Papers India Limited Listed | ₹258.07 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Satkar Paper Mills Private Limited | ₹254.55 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Punjab, 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 |
| Virgo Decors Private Limited | ₹222.85 Cr (FY 2019) | •••• | •••• | 7.0% | •••• | Chandigarh, India |
Peers are the companies nearest to Biltube Industries by revenue, above and below it, in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper 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
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 |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹30 Cr
Satisfied charges
₹496.64 Cr
Breakdown by lending institutions
Latest charge details
| 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
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.
Total deals
15
Secondary share transfers
10
Funding rounds
5
Disclosed funding
₹126.16 Cr
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 |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Biltube Industries Limited has 55 court cases on record: 15 filed by Biltube Industries, 40 filed against it. 13 cases are pending and 42 are disposed.
Total cases
55
Filed by the company
15
Filed against the company
40
Pending
13
Disposed
42
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 25 | 11 |
| High courts | 13 | 8 | 2 |
| NCLT | 6 | 6 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by SKD Consultants Pvt Ltd Through Its Authorized Representative Sanjay Karbhari Deore | Pending |
| High Court, MAHARASHTRA | 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 M/S Nalco Water India Ltd. Through Raviraj Joshi | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Gupta Coal India Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Ms.Nath Pulp and Paper Mills Limited | Pending |
: available in 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.
Employees and EPFO Compliance
Biltube Industries Limited has a workforce of 109 employees as of Apr 09, 2024.
Employee count
109
Active EPFO establishments
1
Employee growth
13.54%
: available in the company report
Recent Activity
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.
Charges
A charge with Others of Rs. 30.00 Cr registered on 05 Sep 2025 with Charge ID 101158366 was modified on 29 Sep 2025.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101158366 was registered on 05 Sep 2025.
Charges
A charge registered on 08 Sep 2010 via Charge ID 10239645 with Sbicap Trustee Company Limited was fully satisfied on 01 Aug 2025.
Charges
A charge registered on 08 Sep 2010 via Charge ID 10239642 with Sbicap Trustee Company Limited was fully satisfied on 01 Aug 2025.
Charges
A charge registered on 19 Mar 2008 via Charge ID 10101739 with Others was fully satisfied on 25 Jul 2025.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 72.50 Cr registered on 08 Sep 2010 with Charge ID 10239642 was modified on 18 Jun 2025.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 150.29 Cr registered on 08 Sep 2010 with Charge ID 10239645 was modified on 09 May 2025.
Ceased
Ilahi Rajjap Mulani ceased to be Additional Director.
Appointed
Aishwarya Tiwari was appointed as Additional Director.
Charges
A charge registered on 28 Feb 2009 via Charge ID 10150350 with Others was fully satisfied on 08 Apr 2025.
Appointed
Sanjeev Dinkar Tole was appointed as Additional Director.
Appointed
Zalak Dharmendrabhai Shah was appointed as Additional Director.
51 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Biltube Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS9883K1ZF | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
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 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
The latest financial statements of Biltube Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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 55 court cases on record: 15 filed by the company and 40 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, Satkar Paper Mills Private Limited, Shree Packers (MP) Private Limited, Virgo Decors Private Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Ilahi Rajjap Mulani ceased to be Additional Director on 24 Apr 2025. Aishwarya Tiwari was appointed as Additional Director on 16 Apr 2025. Sanjeev Dinkar Tole was appointed as Additional Director on 01 Feb 2025. Biltube Industries has 20 board changes on record in total.
Yes, Biltube Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0108357).