MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0095263
Chipco Bonding Systems (India) Private Limited
Chipco Bonding Systems (India) Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹12.67 Cr
▼ 6% YoY
Net profit · FY 2024
₹20.82 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹74.52 Lakh
EBITDA margin 5.9%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹22.5 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Satisfied ₹5.7 Lakh
Company age
41 yrs
Est. 1985
Employees · EPFO
44
Provident fund records
About Chipco Bonding Systems (India) Private Limited
Data last updated:
Chipco Bonding Systems (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 04 January 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U19129GJ1985PTC007552. Its GSTIN is 24AAACC4964A1Z5 (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹22.5 Lakh. It is led by directors including Parthiv Pankajkumar Mehta and Ushaben Jayantilal Shodhan.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.67 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹20.82 Lakh (net margin 1.6%) and EBITDA of ₹74.52 Lakh (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
The company has about 44 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹5.7 Lakh on record.
Chipco Bonding Systems (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0095263). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U19129GJ1985PTC007552
Registration Number 007552
Incorporation Date 04 January 1985
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0095263
Key People
Parthiv Pankajkumar Mehta Director Ushaben Jayantilal Shodhan Director Shreeraj Parthiv Mehta Director Recognitions & Rankings of Chipco Bonding Systems (India)
Contact details
Chipco Bonding Systems (India) Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressC/O. Pankaj N. Mehta Shree Kunj Apartment 4th Fl – Oor Near Sanchar Colony Krishna Soc. El, Lis Bridge, Ahmedabad, Gujarat, India – 380006
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Chipco Bonding Systems (India) Private Limited, buy the company report.
Comprehensive company report
Chipco Bonding Systems (India) Private 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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Business activity
The main business activity of Chipco Bonding Systems (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 Chipco Bonding Systems (India) Private Limited, buy the company report.
Financials of Chipco Bonding Systems (India) Private Limited
FY 2025 filings availableChipco Bonding Systems (India) Private Limited reported revenue of ₹12.67 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹12.67 Cr ▼ 6%
Net profit · FY 2024
₹20.82 Lakh margin 1.6%
EBITDA · FY 2024
₹74.52 Lakh margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 5%
5 years · compounded
▼ 4%
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 13% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹74.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.82 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Chipco Bonding Systems (India) Private Limited, buy the company report.
Board of directors of Chipco Bonding Systems (India) Private Limited
Chipco Bonding Systems (India) has 5 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 |
|---|---|---|---|---|
| Parthiv Pankajkumar Mehta | Director | 01 Jun 1996 | 30 Years 4 Months | Current |
| Ushaben Jayantilal Shodhan | Director | 04 Jan 1985 | 41 Years 9 Months | Current |
| Shreeraj Parthiv Mehta | Director | 12 May 2015 | 11 Years 5 Months | Current |
| Pankaj Natverlal Mehta | Director | 04 Jan 1985 | 41 Years 9 Months | Current |
| Saumil Mehta Pankajkumar | Director | 01 Jun 1996 | 30 Years 4 Months | Current |
Peer comparison
Chipco Bonding Systems (India) Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), 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 |
|---|---|---|---|---|---|---|
| Simran Products Private Limited | ₹12.7 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Aptus Polystar Private Limited | ₹12.68 Cr (FY 2024) | 8.0% | Kolkata, West Bengal, India | |||
| SSR Dies and Moulds Private Limited | ₹12.67 Cr (FY 2024) | -18.0% | New Delhi, Delhi, India | |||
| Elitee Speciality Polymers Private Limited | ₹12.67 Cr (FY 2025) | 9251.0% | Ahmedabad, Gujarat, India | |||
| Varsha Mouldings Private Limited | ₹12.67 Cr (FY 2025) | 11.0% | Ahmednagar, Maharashtra, India | |||
| Chipco Bonding Systems (India) Private Limitedthis company | ₹12.67 Cr (FY 2024) | ₹20.82 Lakh | 1.6% | -6.0% | 44 | Ahmedabad, Gujarat, India |
| Mayfair Plastics Private Limited | ₹12.65 Cr (FY 2025) | -1.0% | Chennai, Tamil Nadu, India | |||
| Shubh Shagun Packaging Private Limited | ₹12.59 Cr (FY 2024) | -7.0% | Maharashtra, India |
To see the full peer comparison of Chipco Bonding Systems (India) Private Limited, buy the company report.
Auditor
Chipco Bonding Systems (India) Private Limited is audited by SHREEKANT S SHAH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHREEKANT S SHAH & CO | FY 2021 | 110177W |
Shareholding
The shareholding of Chipco Bonding Systems (India) Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Chipco Bonding Systems (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
₹5.7 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2021 | 100539690 | Others | ₹4.82 Lakh | Open | |
| 23 Jun 2010 | 10234436 | Bank of India | ₹1.32 Cr | Open | |
| 04 Jul 2002 | 90099538 | Others | ₹1.13 Cr | Open | |
| 06 Sep 2005 | 90100107 | Bank of India | ₹5.7 Lakh | Satisfied |
To see the full charge records of Chipco Bonding Systems (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Chipco Bonding Systems (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Chipco Bonding Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Chipco Bonding Systems (India) Private Limited has a workforce of 44 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
-29.03%
GST
Chipco Bonding Systems (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC4964A1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chipco Bonding Systems (India) Private Limited, buy the company report.
Recent activity
Chipco Bonding Systems (India) Private Limited has 6 board changes on record since 1985: 5 appointments and 1 cessation. The latest: Indira Shirish Vaidya ceased to be Director on 01 Jul 2016.
AGM
Chipco Bonding Systems (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Chipco Bonding Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 113.08 Lakh registered on 04 Jul 2002 with Charge ID 90099538 was modified on 31 Dec 2021.
Charges
A charge with Others amounted to Rs. 4.82 Lakh with Charge ID 100539690 was registered on 09 Dec 2021.
Charges
A charge with Bank Of India of Rs. 131.72 Lakh registered on 23 Jun 2010 with Charge ID 10234436 was modified on 20 Apr 2017.
Ceased
Indira Shirish Vaidya ceased to be Director.
Appointed
Shreeraj Parthiv Mehta was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 131.72 Lakh with Charge ID 10234436 was registered on 23 Jun 2010.
Charges
A charge registered on 06 Sep 2005 via Charge ID 90100107 with Bank Of India was fully satisfied on 13 Aug 2008.
Charges
A charge with Bank Of India amounted to Rs. 5.70 Lakh with Charge ID 90100107 was registered on 06 Sep 2005.
Charges
A charge with Others amounted to Rs. 113.08 Lakh with Charge ID 90099538 was registered on 04 Jul 2002.
Appointed
Parthiv Pankajkumar Mehta was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Chipco Bonding Systems (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 04 January 1985 (41+ years old) and is registered under CIN U19129GJ1985PTC007552.
Chipco Bonding Systems (India) has 5 current directors:
- Parthiv Pankajkumar Mehta - Director
- Ushaben Jayantilal Shodhan - Director
- Shreeraj Parthiv Mehta - Director
- Pankaj Natverlal Mehta - Director
- Saumil Mehta Pankajkumar - Director
The latest financial statements of Chipco Bonding Systems (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Chipco Bonding Systems (India) is 24AAACC4964A1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Chipco Bonding Systems (India) is U19129GJ1985PTC007552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chipco Bonding Systems (India) was incorporated on 04 January 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Chipco Bonding Systems (India) by revenue are Simran Products Private Limited, Aptus Polystar Private Limited, SSR Dies and Moulds Private Limited, Elitee Speciality Polymers Private Limited, Varsha Mouldings Private Limited and 2 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Indira Shirish Vaidya ceased to be Director on 01 Jul 2016. Shreeraj Parthiv Mehta was appointed as Director on 12 May 2015. Parthiv Pankajkumar Mehta was appointed as Director on 01 Jun 1996. Chipco Bonding Systems (India) has 6 board changes on record in total.
Yes, Chipco Bonding Systems (India) is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0095263).
The registered office of Chipco Bonding Systems (India) is at CO. Pankaj N. Mehta Shree Kunj Apartment 4th Fl – Oor Near Sanchar Colony Krishna Soc. El, Lis Bridge, Ahmedabad, Gujarat, India – 380006.
Chipco Bonding Systems (India) operates in the manufacturing industry, in the plastic-based products segment.
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