MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-04-0036251
Garware Industriees Private Limited - packaging in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹58.22 Cr
▲ 23% YoY
Net profit · FY 2025
₹22.81 Cr
Net margin 39.2%
EBITDA · FY 2025
₹38.04 Cr
EBITDA margin 65.3%
Authorised capital
₹132 Cr
Registered with MCA
Paid-up capital
₹9.65 Cr
Issued & subscribed
Open charges
₹38.75 Cr
Satisfied ₹240.32 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
10
Provident fund records
About Garware Industriees Private Limited
Data last updated:
Garware Industriees Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 28 August 2012 and has been in existence for over 14 years.
Its director Shashikant Bhalchandra Garware and family are #368 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2012PTC235072. Its GSTIN is 27AAACY5779P1ZB (Maharashtra).
The company has an authorised share capital of ₹132 Cr and a paid-up capital of ₹9.65 Cr. It was formerly known as You and Me Enterprise Limited and Garware Industriees Limited. It is led by directors including Sheela Garware Shashikant (Managing Director) and Sanjay Shrinivasrao Mugalikar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Garware House 50 – A Swami Nityanand Marg Vile Parle (East) Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹58.22 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹22.81 Cr (net margin 39.2%) and EBITDA of ₹38.04 Cr (EBITDA margin 65.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 9% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Garware Industriees Private Limited. As per MCA filings, the company has open charges of ₹38.75 Cr and satisfied charges of ₹240.32 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Garware Industriees Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0036251). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwareindustriees.com.
Company details
CIN U74999MH2012PTC235072
Registration Number 235072
Incorporation Date 28 August 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-04-0036251
Name history
Garware Industriees has undergone 3 name changes throughout its history. The company was previously known as You And Me Enterprise Limited, Garware Industriees Limited, and You And Me Enterprise Private Limited. The current legal name is Garware Industriees Private Limited.
| Company Name | Status |
|---|---|
| Garware Industriees Private Limited | Current |
| You And Me Enterprise Limited | Previous |
| Garware Industriees Limited | Previous |
| You And Me Enterprise Private Limited | Previous |
CIN history
Garware Industriees has one previous CIN (Corporate Identification Number): U74999MH2012PLC235072. The current CIN is U74999MH2012PTC235072, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2012PTC235072 | Current |
| U74999MH2012PLC235072 | Previous |
Key People
Sheela Garware Shashikant Managing Director Sanjay Shrinivasrao Mugalikar Whole-Time Director Ravindra Prabhakarrao Kate Director Recognitions & Rankings of Garware Industriees
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #368 Shashikant Bhalchandra Garware & family ₹10,100 Cr
Contact details
Garware Industriees Private Limited's registered office is in Mumbai, Maharashtra. Its website is garwareindustriees.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGarware House 50 – A Swami Nityanand Marg Vile Parle (East) Mumbai, Maharashtra, India – 400057
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Garware Industriees Private Limited, buy the company report.
Comprehensive company report
Garware Industriees 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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Brands
Garware Industriees operates one associated brand: Garware Industriees Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and corporate services are provided by Garware Industriees in India. | garwareindustriees.com |
Business activity
The main business activity of Garware Industriees 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 Garware Industriees Private Limited, buy the company report.
Financials of Garware Industriees Private Limited
FY 2025 filings availableGarware Industriees Private Limited reported revenue of ₹58.22 Cr (up 23% YoY) for FY 2025.
Revenue · FY 2025
₹58.22 Cr ▲ 23%
Net profit · FY 2025
₹22.81 Cr margin 39.2%
EBITDA · FY 2025
₹38.04 Cr margin 65.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 3%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 1%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 23% growth in the latest year. EBITDA rose 40% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹38.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.81 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 65.3% | ||||
| Net Profit Margin | 39.2% | ||||
| 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 Garware Industriees Private Limited, buy the company report.
Board of directors of Garware Industriees Private Limited
Garware Industriees has 7 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Shrinivasrao Mugalikar | Whole-Time Director | 16 Oct 2017 | 9 Years 0 Months | Current |
| Ravindra Prabhakarrao Kate | Director | 16 Oct 2017 | 9 Years 0 Months | Current |
| Sonia Garware | Director | 10 Jan 2013 | 13 Years 10 Months | Current |
| Monika Garware Also directs: Great View Real Estates Private Limited, Garware Hi-Tech Films Limited, Golden Myriad Investment Management LLP and 2 more | Director | 10 Jan 2013 | 13 Years 10 Months | Current |
| Sheela Garware Shashikant Also directs: Great View Real Estates Private Limited | Managing Director | 12 Sep 2012 | 14 Years 2 Months | Current |
| Shashikant Bhalchandra Garware Also directs: Great View Real Estates Private Limited, Garware Hi-Tech Films Limited, B. D. Garware Research Centre Private Limited and 1 more | Director | 12 Sep 2012 | 14 Years 2 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Garware Industriees Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Films and Foils), 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 |
|---|---|---|---|---|---|---|
| Manjushree Strech-Film Private Limited | ₹60.41 Cr (FY 2024) | -5.0% | Telangana, India | |||
| BS Foils Private Limited | ₹59.1 Cr (FY 2025) | 2.0% | Hodal, Haryana, India | |||
| Garware Industriees Private Limitedthis company | ₹58.22 Cr (FY 2025) | ₹22.81 Cr | 39.2% | 23.0% | 10 | Mumbai, Maharashtra, India |
| Agrawal Poly Plast Private Limited | ₹58.2 Cr (FY 2025) | -1.0% | Uttar Pradesh, India | |||
| Kuwer Industries Limited | ₹58.06 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India |
To see the full peer comparison of Garware Industriees Private Limited, buy the company report.
Auditor
Garware Industriees Private Limited is audited by Manubhai & Shah LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manubhai & Shah LLP | FY 2024 | 106041W / W100136 |
Shareholding
The shareholding of Garware Industriees 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 Garware Industriees Private Limited, buy the company report.
Charges & borrowings
Open charges
₹38.75 Cr
Satisfied charges
₹240.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2021 | 100489619 | Hdfc Bank Limited | ₹44.47 Lakh | Open | |
| 09 Jul 2021 | 100467746 | Hdfc Bank Limited | ₹2.19 Cr | Open | |
| 11 Aug 2005 | 80052136 | Others | ₹36.12 Cr | Open | |
| 02 Nov 2006 | 10025588 | Idbi Trusteeship Services Limited | ₹43.58 Cr | Satisfied | |
| 25 Sep 2004 | 90214145 | Deogiri Nagari Sahakari Bank Ltd | ₹3.75 Cr | Satisfied |
To see the full charge records of Garware Industriees Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Garware Industriees Private Limited has 2 court cases on record: 2 filed by Garware Industriees. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Garware Industriees 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garware Industriees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Garware Industriees Private Limited has a workforce of 10 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
42.9%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 10 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Garware Industriees Private Limited, buy the company report.
GST
Garware Industriees has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACY5779P1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garware Industriees Private Limited, buy the company report.
Recent activity
Garware Industriees Private Limited has 21 board changes on record since 2012: 7 appointments and 14 cessations. The latest: Sarita Ramsay Garware was appointed as Director on 11 Nov 2022.
AGM
Garware Industriees Private Limited last Annual general meeting of members was held on 25 Jul 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 36.12 Cr registered on 11 Aug 2005 with Charge ID 80052136 was modified on 08 Apr 2025.
Filing
Garware Industriees Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Sarita Ramsay Garware was appointed as Director.
Ceased
Sarita Ramsay Garware ceased to be Director.
Ceased
Chandrashekhar Pathak Jaiwantrao ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.44 Cr with Charge ID 100489619 was registered on 24 Sep 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.19 Cr with Charge ID 100467746 was registered on 09 Jul 2021.
Ceased
Vinod Narsingrao Nandapurkar ceased to be Director.
Ceased
Nilesh Ramanlal Doshi ceased to be Director.
Ceased
Tushar Madhuvandas Parikh ceased to be Director.
Ceased
Ravindra Prabhakarrao Kate ceased to be Additional Director.
60 earlier events are in the company report.
Frequently asked questions
Garware Industriees is an active private limited company based in Mumbai, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 28 August 2012 (14+ years old) and is registered under CIN U74999MH2012PTC235072.
Garware Industriees has 7 current directors:
- Sheela Garware Shashikant - Managing Director
- Sanjay Shrinivasrao Mugalikar - Whole-Time Director
- Ravindra Prabhakarrao Kate - Director
- Sonia Garware - Director
- Monika Garware - Director
- Shashikant Bhalchandra Garware - Director
- Sarita Ramsay Garware - Director
The latest financial statements of Garware Industriees on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Garware Industriees is 27AAACY5779P1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Garware Industriees is U74999MH2012PTC235072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garware Industriees has 2 court cases on record: 2 filed by the company.
Garware Industriees was incorporated on 28 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Garware Industriees by revenue are Manjushree Strech-Film Private Limited, BS Foils Private Limited, Agrawal Poly Plast Private Limited, Kuwer Industries Limited, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sarita Ramsay Garware was appointed as Director on 11 Nov 2022. Sarita Ramsay Garware ceased to be Director on 06 Oct 2022. Chandrashekhar Pathak Jaiwantrao ceased to be Director on 13 Jan 2022. Garware Industriees has 21 board changes on record in total.
Yes, Garware Industriees is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-04-0036251).
Garware Industriees can be reached through the website garwareindustriees.com. Its registered office is in Mumbai, Maharashtra, India.
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