Commercial Syn Bags Limited - Company Profile

It is a packaging public limited company based in Indore, Madhya Pradesh, India, established in 1984.

1984 Indore, Madhya Pradesh, India Active

Last Updated: January 05, 2026

About Commercial Syn Bags Limited

Commercial Syn Bags Limited, a active public limited company, was established on 10 December 1984 in Indore, Madhya Pradesh, India. Engaging in woven packaging products within the manufacturing sector, it holds CIN: L25202MP1984PLC002669. Registered under ROC Roc Gwalior. it is listed on BSE: 539986. It has an authorized capital of ₹42.50 Cr and a paid-up capital of ₹39.95 Cr.

Formerly known as Commercial Syn-Bags Private Limited, Commercial Synbags Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹294.22 Cr and a net worth of ₹120.36 Cr. Employing 1,653 professional, Its leadership includes Vijay Kumar Bansal (Director), Anil Choudhary (Managing Director), Ranjana Choudhary (Whole-Time Director). Past directors included Sameer Pathak, Vijay Kumar Bansal, Sanjay Sharma. It holds ₹249.19 Cr open charges and ₹99.76 Cr settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at Commercial House, 3-4, Jaora Compound M.Y.H. Road, Indore, Madhya Pradesh, 452001.

Company Details

CIN/LLPIN
L25202MP1984PLC002669
Registration Number
002669
Incorporation Date
10 December 1984
Authorized Capital
₹42.50 Cr
Paid-Up Capital
₹39.95 Cr
ROC Code
Roc Gwalior
Listing Status
Listed (BSE: 539986)
Company Status
Active

Key Metrics

Authorised Capital ₹ 42.50 Cr as on 05-01-2026
Paid Up Capital ₹ 39.95 Cr as on 05-01-2026
Company Age 41 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 249.19 Cr as on 05-01-2026
Satisfied Charges ₹ 99.76 Cr as on 05-01-2026
Revenue Growth **** -9.77% (FY 2023)
Profit Growth **** -55.52% (FY 2023)
Ebitda **** -32.86% (FY 2023)
Net Worth 14.07% (FY 2023)
Total Assets **** 2.57% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Commercial Syn Bags Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Commercial Syn Bags Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vijay Kumar Bansal	Director	14 Feb 2021	Current
Anil Choudhary	Managing Director	20 Feb 2008	Current
Ranjana Choudhary	Whole-Time Director	05 Jun 2011	Current
Virendra Singh Pamecha	Whole-Time Director	26 Mar 2016	Current
Ravindra Choudhary	Ceo	12 May 2016	Current
Milind Mahajan	Director	10 May 2017	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	29 Sep 2006	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past
Pramod Abcsdd	Additional Director	31 Mar 2008	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Whole-Time Director	24 May 2011	Past
Pramod Abcsdd	Additional Director	14 Mar 2016	Past

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Financial Performance of Commercial Syn Bags.

Commercial Syn Bags Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.77% decrease. The company also saw a substantial fall in profitability, with a 55.52% decrease in profit. The company's net worth Soared by an impressive increase of 14.07%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-9.77%

*******

Revenue from Operations

*******

-9.36%

*******

Total Assets

*******

2.57%

*******

Profit or Loss

*******

-55.52%

*******

Net Worth

*******

14.07%

*******

EBITDA

*******

-32.86%

*******

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What is the Ownership and Shareholding Structure of Commercial Syn Bags?

In 2023, Commercial Syn Bags had a promoter holding of 58.66% and a public holding of 41.35%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹2,491,917,000.00

Satisfied Charges

₹997,593,185.00

Charges Breakdown by Lending Institutions

Others : 198.30 Cr
Hdfc Bank Limited : 26.32 Cr
State Bank Of India : 24.27 Cr
Indian Overseas Bank : 0.30 Cr

Latest Charge Details

Date	Lender	Amount	Status
03 Jul 2025	Indian Overseas Bank	₹3.00 M	Open
21 Jun 2024	Hdfc Bank Limited	₹3.50 M	Open
21 Oct 2022	Hdfc Bank Limited	₹3.50 M	Open
27 May 2022	Others	₹2.00 M	Open
05 Oct 2021	Others	₹2.70 M	Open

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How Many Employees Work at Commercial Syn Bags?

Commercial Syn Bags has a workforce of 1653 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Commercial Syn Bags, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Commercial Syn Bags's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Commercial Syn Bags

Recent Activity within the Organization

Charges

A charge with Others of Rs. 187.25 Cr registered on 18 Oct 2018 with Charge ID 100220394 was modified on 11 Nov 2025. was recorded as a recent event.
11 Nov 2025
Annual General Meeting

Progress on Commercial Syn Bags Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was documented.
29 Sep 2025
Charges

A charge with Indian Overseas Bank amounted to Rs. 0.30 Cr with Charge ID 101125308 was registered on 03 Jul 2025. was recorded as a recent event.
03 Jul 2025
Director Appointment

Sunil Agrawal was appointed as a Director was appointed as a Director on 19 Jun 2025 & has been associated with this company since 8 months 2 days . was recorded as a recent event.
19 Jun 2025
Balance Sheet

Progress on Commercial Syn Bags Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior. was documented.
31 Mar 2025
Director Appointment

The activity Sandeep Patel was appointed as a Nodal Officer was appointed as a Nodal Officer on 25 Feb 2025 & has been associated with this company since 11 months 25 days . was completed.
25 Feb 2025

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