About Grownex Private Limited
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Grownex Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 07 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U74999RJ2018PTC060440. Its GSTIN is 08AAHCG2111J1ZU (Rajasthan).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Grownex Establishment Private Limited. It is led by directors Nikhil Patni and Jitendra Binawara.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 325 Dr. Rajendra Prasad Nagar Gopalpura Byepass Badarwas, Jaipur, Rajasthan, India – 302019.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.67 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net profit of ₹3.9 Lakh (net margin 0.7%) and EBITDA of ₹17.88 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Grownex. As per MCA filings, the company has open charges of ₹17.22 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
For more details, the company can be reached via its website linencurves.com.
Company details
Name history
Grownex has undergone 2 name changes throughout its history. The company was previously known as Grownex Establishment Private Limited, and Grownex Private Limited. The current legal name is Grownex Private Limited.
| Company Name | Status |
|---|---|
| Grownex Private Limited | Current |
| Grownex Establishment Private Limited | Previous |
Contact details
Grownex Private Limited's registered office is in Jaipur, Rajasthan. Its website is linencurves.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 325 Dr. Rajendra Prasad Nagar Gopalpura Byepass Badarwas, Jaipur, Rajasthan, India – 302019
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Grownex 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
Brands
Grownex operates one associated brand: Grownex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as an online e-distributor of packaging products. | grownexpackaging.com |
Business activity
The main business activity of Grownex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Grownex Private Limited, buy the company report.
Financials of Grownex Private Limited
FY 2024 filings availableGrownex Private Limited reported revenue of ₹5.67 Cr (up 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 77% over three years, including 71% growth in the latest year. EBITDA rose 274% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹17.88 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.9 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 3.2% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Grownex Private Limited, buy the company report.
Board of directors of Grownex Private Limited
Grownex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Patni | Director | 07 Mar 2018 | 8 Years 8 Months | Current |
| Jitendra Binawara | Director | 07 Mar 2018 | 8 Years 8 Months | Current |
Peer comparison
Grownex Private Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Industrial Packaging), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BLD Packaging Private Limited | ₹5.74 Cr (FY 2023) | 45.0% | Bahadurgarh, Haryana, India | |||
| Taxon Poly Pack Private Limited | ₹5.69 Cr (FY 2025) | -28.0% | Rajkot, Gujarat, India | |||
| Grownex Private Limitedthis company | ₹5.67 Cr (FY 2024) | ₹3.9 Lakh | 0.7% | 71.0% | 17 | Jaipur, Rajasthan, India |
| Reliable Flexipack (India) Private Limited | ₹5.66 Cr (FY 2020) | -20.0% | Pithampur, Madhya Pradesh, India |
To see the full peer comparison of Grownex Private Limited, buy the company report.
Auditor
Grownex Private Limited is audited by MAHESHWARI SHARMA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHESHWARI SHARMA & ASSOCIATES | FY 2022 | 021303C |
Shareholding
The shareholding of Grownex 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 Grownex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2023 | 100879821 | Hdfc Bank Limited | ₹7.07 Lakh | Open | |
| 16 Sep 2023 | 100813214 | Hdfc Bank Limited | ₹10.15 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Grownex Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by State Governments | Disposed |
To see the full case history of Grownex 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
Grownex Private Limited has 5 MSME Form 1 returns on record between 2020 and 2023, listing 14 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Manusons Paper Trading LLP | |||
| Tirupati Industrial Packaging Solutions | |||
| Galaxy Enclave Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Grownex Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Grownex Private Limited has a workforce of 17 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 17 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Grownex Private Limited, buy the company report.
GST
Grownex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAHCG2111J1ZU | Rajasthan | Active | 09 Oct 2019 |
To see the full GST registrations and return filing status of Grownex Private Limited, buy the company report.
Recent activity
Grownex Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Jitendra Binawara was appointed as Director on 07 Mar 2018.
Frequently asked questions
Grownex is an active private limited company based in Jaipur, Rajasthan, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 07 March 2018 (8+ years old) and is registered under CIN U74999RJ2018PTC060440.
Grownex has 2 current directors:
- Nikhil Patni - Director
- Jitendra Binawara - Director
The latest financial statements of Grownex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Grownex is 08AAHCG2111J1ZU, registered in Rajasthan.
The CIN (Corporate Identification Number) of Grownex is U74999RJ2018PTC060440. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grownex has 1 court case on record: 1 filed against it.
Grownex was incorporated on 07 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Grownex by revenue are BLD Packaging Private Limited, Taxon Poly Pack Private Limited, Reliable Flexipack (India) Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (wholesale trading).
Jitendra Binawara was appointed as Director on 07 Mar 2018. Nikhil Patni was appointed as Director on 07 Mar 2018.
Grownex has 5 MSME Form 1 returns on record between 2020 and 2023, listing 14 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Grownex can be reached through the website linencurves.com. Its registered office is in Jaipur, Rajasthan, India.
The registered office of Grownex is at A – 325 Dr. Rajendra Prasad Nagar Gopalpura Byepass Badarwas, Jaipur, Rajasthan, India – 302019.
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