About Karnawati Innovation Limited
Data last updated:
Karnawati Innovation Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 25 September 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L46200GJ1986PLC009009. Its GSTIN is 24AAACB8586B2ZT (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531671.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.4 Cr. It was formerly known as Bisil Plast Limited. It is led by directors including Jagdip Panachand Vora and Vatsal Sanjaybhai Patel.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2024-25, the company reported a revenue of ₹93 Lakh, a decline of 76.9% compared to the previous year. For the same year it recorded a net profit of ₹15 Lakh (net margin 16.1%) and EBITDA of ₹27 Lakh (EBITDA margin 29%). The net worth stands at ₹1.18 Cr (up 13.5% YoY). Total assets are valued at ₹1.19 Cr (up 14.4% YoY).
The company is associated with 1 brand: Bisil Plast. As per MCA filings, the company has satisfied charges of ₹2.49 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it. The company has 77 deals on record (77 market trades); the latest was in September 2014. Its 3 peer companies in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is R D Polyplast Private Limited with revenue of ₹96.21 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bisilplastltd.com.
Company details
CIN history
Karnawati Innovation has one previous CIN (Corporate Identification Number): L17119GJ1986PLC009009. The current CIN is L46200GJ1986PLC009009, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L46200GJ1986PLC009009 | Current |
| L17119GJ1986PLC009009 | Previous |
Contact details
Karnawati Innovation Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressOffice No. 702/3 7th Floor Shilp Aaron, Sindhu Bhavan Road Thaltej, Ahmedabad, Gujarat, India – 380059
- IndustryPackaging, Bottle & Cap Manufacturing
- 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
Karnawati Innovation operates one associated brand: Bisil Plast. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and exporter of PET preform products | bisilplastltd.com |
Business activity
The main business activity of Karnawati Innovation 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 Karnawati Innovation Limited, buy the company report.
Financials of Karnawati Innovation Limited
FY 2024-25 filings availableKarnawati Innovation Limited reported revenue of ₹93 Lakh (down 76.9% YoY) for FY 2024-25.
Financial Highlights
FY 2024-25 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.93 | 4.03 | 4.03 | 1.51 | 0.98 | 1.24 | 0.06 |
| Revenue growth | -76.9% | 0.0% | +166.9% | +54.1% | -21.0% | +1966.7% | - |
| EBITDA | 0.27 | 0.23 | 0.18 | 0.01 | (0.03) | (0.04) | (0.11) |
| EBITDA margin | +29.0% | +5.7% | +4.5% | +0.7% | -3.1% | -3.2% | -183.3% |
| Profit before tax | 0.24 | 0.20 | 0.18 | 0.01 | (0.03) | (0.04) | (0.11) |
| Net profit | 0.15 | 0.20 | 0.18 | 0.01 | (0.03) | (0.04) | (0.11) |
| Net profit margin | +16.1% | +5.0% | +4.5% | +0.7% | -3.1% | -3.2% | -183.3% |
| EPS (₹) | 0.03 | 0.04 | 0.03 | 0.00 | (0.01) | (0.01) | 0.00 |
| Balance sheet | |||||||
| Total assets | 1.19 | 1.04 | 0.84 | 0.66 | 0.64 | 0.68 | 0.72 |
| Net worth | 1.18 | 1.04 | 0.83 | 0.66 | 0.64 | 0.67 | 0.72 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 0.14 | 0.11 | 0.09 | 0.31 | 0.05 | 0.14 | 0.14 |
| Net working capital | 0.95 | 0.79 | 0.56 | 0.29 | 0.05 | 0.08 | 0.73 |
| Cash flow | |||||||
| Cash from operations | 0.04 | 0.01 | (0.31) | 0.04 | (0.09) | 0.00 | (0.10) |
| Cash from investing | (0.01) | 0.00 | (0.28) | 0.00 | 0.00 | 0.00 | 0.08 |
| Cash from financing | 0.00 | 0.00 | 0.38 | 0.22 | 0.00 | 0.00 | 0.15 |
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71.47 | 20.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.47 | 1.40 |
| Revenue growth (YoY) | - | - | -100.0% | -100.0% | -100.0% | - | - | - |
| Other income | 0.00 | 0.00 | 1.18 | 0.37 | 0.00 | 0.09 | 0.00 | 0.00 |
| Total expenses | 69.62 | 18.39 | 0.14 | 0.13 | 0.01 | 0.07 | 0.47 | 1.34 |
| EBITDA | 1.85 | 1.61 | (0.14) | (0.13) | (0.01) | (0.07) | 0.00 | 0.06 |
| EBITDA margin | +2.6% | +8.1% | - | - | - | - | 0.0% | +4.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 |
| Interest | 0.00 | 0.00 | 0.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.85 | 1.61 | 0.16 | 0.21 | (0.01) | 0.02 | 0.00 | 0.03 |
| Tax | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71.47 | 20.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.47 | 1.40 |
| Revenue growth (YoY) | - | - | -100.0% | -100.0% | -100.0% | - | - | - |
| Other income | 0.00 | 0.00 | 1.18 | 0.37 | 0.00 | 0.09 | 0.00 | 0.00 |
| Total expenses | 69.62 | 18.39 | 0.14 | 0.13 | 0.01 | 0.07 | 0.47 | 1.34 |
| EBITDA | 1.85 | 1.61 | (0.14) | (0.13) | (0.01) | (0.07) | 0.00 | 0.06 |
| EBITDA margin | +2.6% | +8.1% | - | - | - | - | 0.0% | +4.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 |
| Interest | 0.00 | 0.00 | 0.88 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.85 | 1.61 | 0.16 | 0.21 | (0.01) | 0.02 | 0.00 | 0.03 |
| Tax | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.93 | 4.03 | 4.03 | 1.51 | 0.98 | 1.24 | 0.06 |
| Revenue growth | -76.9% | 0.0% | +166.9% | +54.1% | -21.0% | +1966.7% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 0.66 | 3.80 | 3.85 | 1.50 | 1.01 | 1.28 | 0.17 |
| Employee cost | 0.04 | 0.02 | 0.03 | 0.03 | 0.02 | 0.04 | 0.02 |
| EBITDA | 0.27 | 0.23 | 0.18 | 0.01 | (0.03) | (0.04) | (0.11) |
| EBITDA margin | +29.0% | +5.7% | +4.5% | +0.7% | -3.1% | -3.2% | -183.3% |
| Depreciation | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.24 | 0.20 | 0.18 | 0.01 | (0.03) | (0.04) | (0.11) |
| Tax | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.15 | 0.20 | 0.18 | 0.01 | (0.03) | (0.04) | (0.11) |
| Net profit margin | +16.1% | +5.0% | +4.5% | +0.7% | -3.1% | -3.2% | -183.3% |
| EPS (₹) | 0.03 | 0.04 | 0.03 | 0.00 | (0.01) | (0.01) | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 |
| Reserves & surplus | (4.22) | (4.36) | (4.57) | (4.74) | (4.76) | (4.73) | (4.68) |
| Shareholders' funds (net worth) | 1.18 | 1.04 | 0.83 | 0.66 | 0.64 | 0.67 | 0.72 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 1.19 | 1.04 | 0.84 | 0.66 | 0.64 | 0.68 | 0.72 |
| Assets | |||||||
| Gross block | 0.28 | 0.28 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | 0.23 | 0.25 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.39 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.72 | 2.75 | 0.95 | 0.47 | 0.24 | 0.30 | 0.02 |
| Cash & bank balances | 0.14 | 0.11 | 0.09 | 0.31 | 0.05 | 0.14 | 0.14 |
| Loans & advances | 0.63 | 0.06 | 0.02 | 0.02 | 0.01 | 0.00 | 0.60 |
| Total current assets | 1.49 | 3.31 | 1.11 | 0.80 | 0.30 | 0.44 | 0.76 |
| Total current liabilities | 0.54 | 2.52 | 0.55 | 0.51 | 0.25 | 0.36 | 0.03 |
| Net working capital | 0.95 | 0.79 | 0.56 | 0.29 | 0.05 | 0.08 | 0.73 |
| Total assets | 1.19 | 1.04 | 0.84 | 0.66 | 0.64 | 0.68 | 0.72 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.11 | 0.09 | 0.31 | 0.05 | 0.14 | 0.14 | 0.01 |
| Net cash from operating activities | 0.04 | 0.01 | (0.31) | 0.04 | (0.09) | 0.00 | (0.10) |
| Net cash from investing activities | (0.01) | 0.00 | (0.28) | 0.00 | 0.00 | 0.00 | 0.08 |
| Net cash from financing activities | 0.00 | 0.00 | 0.38 | 0.22 | 0.00 | 0.00 | 0.15 |
| Net change in cash | 0.03 | 0.01 | (0.21) | 0.26 | (0.09) | 0.00 | 0.13 |
| Closing cash | 0.14 | 0.11 | 0.09 | 0.31 | 0.05 | 0.14 | 0.14 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -76.9% | 0.0% | +166.9% | +54.1% | -21.0% | +1966.7% | - |
| EBITDA growth | +17.4% | +27.8% | +1700.0% | +133.3% | +25.0% | +63.6% | - |
| PBT growth | +20.0% | +11.1% | +1700.0% | +9998.0% | +25.0% | +63.6% | -10.0% |
| Net income growth | -25.0% | +11.1% | +1700.0% | +133.3% | +25.0% | +63.6% | - |
| Revenue CAGR (3Y) | -14.9% | +60.2% | +48.1% | +193.1% | - | - | - |
| EBITDA CAGR (3Y) | +200.0% | - | - | - | -33.1% | -20.6% | 0.0% |
| Profitability & leverage | |||||||
| Net income margin | +16.1% | +5.0% | +4.5% | +0.7% | -3.1% | -3.2% | -183.3% |
| Return on capital employed | +4.4% | +6.4% | +24.2% | +3.1% | -4.6% | 0.0% | 0.0% |
| Return on net worth | +2.8% | +6.4% | +24.2% | +3.1% | -4.6% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.32 | 14.39 | 28.79 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | 4.77 | 18.32 | 161.20 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.54 | 2.18 | 5.68 | 4.25 | 3.63 | 7.75 | 6.00 |
| EPS (₹) | 0.03 | 0.04 | 0.03 | 0.00 | (0.01) | (0.01) | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.22 | 0.19 | 0.15 | 0.12 | 0.12 | 0.13 | 0.13 |
To see the full year-wise statements and ratios of Karnawati Innovation Limited, buy the company report.
Board of directors of Karnawati Innovation Limited
Karnawati Innovation has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nidhiben Ravindrakumar Joshi Also directs: Aarsha International Limited | Additional Director | 04 Mar 2025 | 1 Years 7 Months | Current |
| Jagdip Panachand Vora | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
| Vatsal Sanjaybhai Patel Also directs: Macrosilo Techsolution Private Limited | Director | 10 Jan 2025 | 1 Years 9 Months | Current |
| Anandbhai Jadala | Additional Director | 05 Jul 2025 | 1 Years 3 Months | Current |
| Ravikumar Kirtibhai Patel | Additional Director | 26 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Karnawati Innovation Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Bottles and Caps), 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 |
|---|---|---|---|---|---|---|
| R D Polyplast Private Limited | ₹96.21 Lakh (FY 2024) | 50.0% | Dibrugarh, Assam, India | |||
| Karnawati Innovation Limitedthis company | ₹93 Lakh (FY 2025) | ₹15 Lakh | 16.1% | -76.9% | Ahmedabad, Gujarat, India | |
| Alique Pet Private Limited | ₹88.07 Lakh (FY 2024) | -83.0% | Chandauli, Uttar Pradesh, India | |||
| NM Polyplast Private Limited | ₹86.35 Lakh (FY 2025) | 2107.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Karnawati Innovation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 1998 | 90098932 | Charotar Nagrik Sahakari Bank Ltd. | ₹49 Lakh | Satisfied | |
| 04 Feb 1997 | 80065625 | Charotar Nagrik Sahakari Band Ltd. | ₹2 Cr | Satisfied |
To see the full charge records of Karnawati Innovation Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Karnawati Innovation Limited has 77 deals on record (77 market trades); the latest was in September 2014.
Deals on record (5 of 77)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2008 | Market trade | ₹11.6 Lakh | Seller: Setu Securities Private Limited |
| Jun 2008 | Market trade | ₹17.7 Lakh | Buyer: Setu Securities Private Limited |
| Feb 2008 | Market trade | ₹14.9 Lakh | Seller: JMP Securities Private Limited |
| Jan 2008 | Market trade | ₹31.1 Lakh | Seller: Setu Securities Private Limited |
| Jan 2008 | Market trade | ₹78.2 Lakh | Buyer: Setu Securities Private Limited , JMP Securities Private Limited |
To see the full deal history of Karnawati Innovation 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
Karnawati Innovation Limited has 12 court cases on record: 5 filed by Karnawati Innovation, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 0 |
| High courts | 6 | 3 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (AO) | Filed against the company by Bisleri International Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Bisleri International Pvt. Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Bisleri International Pvt. Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by M/S DCM Shriram Consolidated Limited | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by DCM Shriram Consolidated Ltd. | Disposed |
To see the full case history of Karnawati Innovation 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
No delayed payments to MSME suppliers are on our record for Karnawati Innovation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnawati Innovation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACB8586B2ZT | Gujarat | Active | 22 Apr 2019 |
To see the full GST registrations and return filing status of Karnawati Innovation Limited, buy the company report.
Recent activity
Karnawati Innovation Limited has 21 board changes on record since 2008: 6 appointments and 15 cessations. The latest: Ravikumar Kirtibhai Patel was appointed as Additional Director on 26 Aug 2025.
16 earlier events are in the company report.
Frequently asked questions
Karnawati Innovation is an active public limited company based in Ahmedabad, Gujarat, India. The company works in bottle and cap manufacturing, within the packaging industry. It was incorporated on 25 September 1986 (40+ years old) and is registered under CIN L46200GJ1986PLC009009. Listed on BSE: 531671.
Karnawati Innovation reported revenue of ₹93 Lakh for FY 2024-25 (down 76.9% YoY) based on standalone financials.
Karnawati Innovation has 5 current directors:
- Nidhiben Ravindrakumar Joshi - Additional Director
- Jagdip Panachand Vora - Director
- Vatsal Sanjaybhai Patel - Director
- Anandbhai Jadala - Additional Director
- Ravikumar Kirtibhai Patel - Additional Director
The latest financial statements of Karnawati Innovation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnawati Innovation is 24AAACB8586B2ZT, 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 Karnawati Innovation is L46200GJ1986PLC009009. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Karnawati Innovation is a listed company as per MCA records. Its shares are listed on BSE (code: 531671).
Karnawati Innovation has 12 court cases on record: 5 filed by the company and 7 filed against it. Most are in the district courts.
Karnawati Innovation was incorporated on 25 September 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Karnawati Innovation has 77 deals on record (77 market trades); the latest was in September 2014.
The peers of Karnawati Innovation by revenue are R D Polyplast Private Limited, Alique Pet Private Limited, NM Polyplast Private Limited, all in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sample company reports
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