About Classic Corrugations Private Limited
Data last updated:
Classic Corrugations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the paper segment of the packaging sector. It was incorporated on 22 April 2011.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21099GJ2011PTC065103. Its GSTIN is 24AAECC4060H1Z0 (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.98 Cr. It is led by directors including Yogesh Kumar Todi and Ashish Anantray Shah (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 69 Soham Integrated Park Mahijada Bareja Road Off Kamod Dholka Higway Mahijada, Ahmedabad, Gujarat, India – 382425.
As per the financials filed for FY 2023, the company reported a revenue of ₹26.54 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹66.74 Lakh (net margin -2.5%) and EBITDA of ₹1.06 Cr (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.89 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹6.63 Cr; the latest was in February 2016. Its 3 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, 2 larger and 1 smaller; the largest is Mateshwari Paper Mill Private Limited with revenue of ₹27.01 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 micro and small suppliers.
The last known website on record is classicbox.in.
Company details
Contact details
Classic Corrugations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is classicbox.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address69 Soham Integrated Park Mahijada Bareja Road Off Kamod Dholka Higway Mahijada, Ahmedabad, Gujarat, India – 382425
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Classic Corrugations 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
Business activity
The main business activity of Classic Corrugations is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Classic Corrugations Private Limited, buy the company report.
Financials of Classic Corrugations Private Limited
FY 2023 filings availableClassic Corrugations Private Limited reported revenue of ₹26.54 Cr (down 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 1% fall in the latest year. EBITDA rose 652% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26.54 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.74 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | -2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Classic Corrugations Private Limited, buy the company report.
Board of directors of Classic Corrugations Private Limited
Classic Corrugations has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Kumar Todi | Director | 22 Apr 2011 | 15 Years 6 Months | As last reported |
| Ashish Anantray Shah | Irp/Rp/Liquidator | 30 Jan 2025 | 1 Years 8 Months | As last reported |
| Vikram Basotia | Director | 23 Feb 2023 | 3 Years 8 Months | As last reported |
| Navratan Verma | Director | 23 Feb 2023 | 3 Years 8 Months | As last reported |
Peer comparison
Classic Corrugations Private Limited is compared with the 3 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), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mateshwari Paper Mill Private Limited | ₹27.01 Cr (FY 2025) | -12.0% | Patna, Bihar, India | |||
| Abox Paperpack Private Limited | ₹26.92 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Classic Corrugations Private Limitedthis company | ₹26.54 Cr (FY 2023) | -₹66.74 Lakh | -2.5% | -1.0% | 12 | Ahmedabad, Gujarat, India |
| Shriya Packaging Private Limited | ₹25.97 Cr (FY 2025) | 24.0% | Haldwani, Uttarakhand, India |
To see the full peer comparison of Classic Corrugations Private Limited, buy the company report.
Auditor
Classic Corrugations Private Limited is audited by JITENDRA SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JITENDRA SHAH & ASSOCIATES | FY 2023 | 115909W |
Shareholding
The shareholding of Classic Corrugations 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 Classic Corrugations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2017 | 100128504 | Others | ₹13.25 Lakh | Open | |
| 23 Apr 2013 | 10428047 | Indusind Bank Ltd. | ₹10.5 Lakh | Open | |
| 11 Jul 2012 | 10368930 | State Bank of India | ₹18.65 Cr | Open |
To see the full charge records of Classic Corrugations Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Classic Corrugations Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹6.63 Cr; the latest was in February 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Rights issue | ₹90.4 Lakh | Investors: an individual |
| Jan 2015 | Funding round | ₹60.5 Lakh | Investors: an individual |
| Mar 2013 | Funding round | ₹5.53 Cr | Investors: Yogesh Todi HUF, 2 individuals |
| Feb 2012 | Funding round | ₹49 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Classic Corrugations Private Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by Aculife Healthcare Pvt Ltd Through Mr Chinmay Vasa | Disposed |
| District court, Valsad, Gujarat | Commercial matter | Filed against the company by M/S Ajit Pulp and Pepar Limited Through Himansu Sanjivkumar Agrwal | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by M/S Pack World Through Its Proprietor Kamal Saraf | Disposed |
To see the full case history of Classic Corrugations 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.
Credit ratings & regulatory alerts
Classic Corrugations Private Limited was last rated by Care on 26 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Feb 2026 |
To see the full credit ratings and regulatory alerts of Classic Corrugations Private Limited, buy the company report.
MSME payment delays
Classic Corrugations Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gajanand Bio Coal Industries | |||
| Umiya Plastic Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Classic Corrugations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Classic Corrugations Private Limited has a workforce of 12 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
Classic Corrugations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECC4060H1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Classic Corrugations Private Limited, buy the company report.
Recent activity
Classic Corrugations Private Limited has 5 board changes on record since 2011: 4 appointments and 1 cessation. The latest: Ashish Anantray Shah was appointed as Irp/Rp/Liquidator on 30 Jan 2025.
Frequently asked questions
Classic Corrugations is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Classic Corrugations is a company under insolvency, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 22 April 2011 and is registered under CIN U21099GJ2011PTC065103. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Classic Corrugations has 4 current directors:
- Yogesh Kumar Todi - Director
- Vikram Basotia - Director
- Navratan Verma - Director
- Ashish Anantray Shah - Irp/Rp/Liquidator
The latest financial statements of Classic Corrugations on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Classic Corrugations is U21099GJ2011PTC065103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classic Corrugations has open charges of ₹18.89 Cr and no satisfied charges on record as per latest MCA filings.
Classic Corrugations has 5 court cases on record: 5 filed against it. 3 are pending. Most are in the district courts.
Classic Corrugations was incorporated on 22 April 2011. It is registered with the Registrar of Companies, Ahmedabad.
Classic Corrugations has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹6.63 Cr; the latest was in February 2016.
The peers of Classic Corrugations by revenue are Mateshwari Paper Mill Private Limited, Abox Paperpack Private Limited, Shriya Packaging 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).
Ashish Anantray Shah was appointed as Irp/Rp/Liquidator on 30 Jan 2025. Manisha Yogesh Todi ceased to be Director on 05 Dec 2023. Navratan Verma was appointed as Director on 23 Feb 2023. Classic Corrugations has 5 board changes on record in total.
Classic Corrugations has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 24 May 2019.