MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MP-17-0000165
Hippoflex International Private Limited - packaging in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹75.88 Cr
▲ 46% YoY
Net profit · FY 2024
₹8.58 Cr
Net margin 11.3%
EBITDA · FY 2024
₹13.23 Cr
EBITDA margin 17.4%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.51 Cr
Issued & subscribed
Open charges
₹26.2 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
26
Provident fund records
About Hippoflex International Private Limited
Data last updated:
Hippoflex International Private Limited is a private limited company based in Indore, Madhya Pradesh, India, a subsidiary of Safeflex International Limited. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 01 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25209MP2020PTC050537. Its GSTIN is 23AAFCH1628H1ZW (Madhya Pradesh).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.51 Cr. It is led by directors Om Prakash Patidar and Ashok Chourasia.
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 77 Ashish Nagar Kanadia Road, Indore, Madhya Pradesh, India – 452016.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.88 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹8.58 Cr (net margin 11.3%) and EBITDA of ₹13.23 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 83% over three years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.2 Cr on record. The company has 2 deals on record (1 secondary share transfer, 1 rights issue); the latest was in May 2021. Its 9 peer companies in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 5 smaller; the largest is Pristine Industries Limited with revenue of ₹78.14 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 5 overdue payments to 5 micro and small suppliers.
Hippoflex International Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-17-0000165). For more details, the company can be reached via its website safeflex.org.
Company details
CIN U25209MP2020PTC050537
Registration Number 050537
Incorporation Date 01 January 2020
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Safeflex International Limited
MSME Classification Medium
Udyam Registration UDYAM-MP-17-0000165
Recognitions & Rankings of Hippoflex International
Contact details
Hippoflex International Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address77 Ashish Nagar Kanadia Road, Indore, Madhya Pradesh, India – 452016
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Hippoflex International Private Limited, buy the company report.
Comprehensive company report
Hippoflex International 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 Hippoflex International 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 Hippoflex International Private Limited, buy the company report.
Financials of Hippoflex International Private Limited
FY 2025 filings availableHippoflex International Private Limited reported revenue of ₹75.88 Cr (up 46% YoY) for FY 2024.
Revenue · FY 2024
₹75.88 Cr ▲ 46%
Net profit · FY 2024
₹8.58 Cr margin 11.3%
EBITDA · FY 2024
₹13.23 Cr margin 17.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 83%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 63%
Revenue has grown at a compounded annual rate (CAGR) of 83% over three years, including 46% growth in the latest year. EBITDA fell 10% 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 |
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| Total Expenses | |||||
| EBITDA | ₹13.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.58 Cr | ||||
| Balance Sheet | |||||
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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 | 17.4% | ||||
| Net Profit Margin | 11.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Hippoflex International Private Limited, buy the company report.
Board of directors of Hippoflex International Private Limited
Hippoflex International has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Om Prakash Patidar | Director | 01 Jan 2020 | 6 Years 9 Months | Current |
| Ashok Chourasia Also directs: Savitt Weaving Mills Private Limited, Savitt Energy Limited | Director | 01 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Hippoflex International Private Limited is compared with the 9 companies closest to it by revenue in the Packaging industry (Woven 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 |
|---|---|---|---|---|---|---|
| Pristine Industries Limited | ₹78.14 Cr (FY 2025) | -6.0% | Kolhapur, Maharashtra, India | |||
| Ganpati Plastfab Limited | ₹78.01 Cr (FY 2025) | -2.0% | Jaipur, Rajasthan, India | |||
| Vama Wovenfab Limited | ₹77.76 Cr (FY 2025) | 179.0% | Mumbai, Maharashtra, India | |||
| Modern Packaging Private Limited | ₹76.14 Cr (FY 2024) | 29.0% | Uttar Pradesh, India | |||
| Hippoflex International Private Limitedthis company | ₹75.88 Cr (FY 2024) | ₹8.58 Cr | 11.3% | 46.0% | 26 | Indore, Madhya Pradesh, India |
| Interweave Polytex Private Limited | ₹75.02 Cr (FY 2025) | 219.0% | Varanasi, Uttar Pradesh, India | |||
| Jabalpur Polytex Private Limited | ₹74.63 Cr (FY 2023) | -13.0% | Patna, Bihar, India | |||
| Tricon Polyfabs Private Limited | ₹74.5 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Ashok Polymers Limited | ₹73.97 Cr (FY 2017) | -11.0% | Telangana, India | |||
| Tribhuvan Polymers Private Limited | ₹73.63 Cr (FY 2024) | 0.0% | Surat, Gujarat, India |
To see the full peer comparison of Hippoflex International Private Limited, buy the company report.
Auditor
Hippoflex International Private Limited is audited by HARISH KHANDELWAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARISH KHANDELWAL & CO. | FY 2023 | 004116C |
Shareholding
The shareholding of Hippoflex International Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hippoflex International Private Limited, buy the company report.
Charges & borrowings
Open charges
₹26.2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2021 | 100495910 | State Bank of India | ₹13.1 Cr | Open | |
| 03 Jul 2021 | 100486088 | State Bank of India | ₹2.1 Cr | Open | |
| 05 Mar 2021 | 100430369 | Axis Bank Limited | ₹11 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Hippoflex International Private Limited has 2 deals on record (1 secondary share transfer, 1 rights issue); the latest was in May 2021.
Total deals
2
Secondary share transfer
1
Rights issue
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Rights issue | ₹15 Cr | Investors: Safeflex International Limited |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Safeflex International Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Hippoflex International 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
Hippoflex International Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, 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 |
|---|---|---|---|
| Navrang Machinery Private Limited | |||
| Badshah Trading Corpration | |||
| Talati Electric Works Private Limited | |||
| Raj Filters and Wire Mesh Private Limited | |||
| Supreme Colour-Roofing and Decking Private Limited |
To see the full MSME payment records of Hippoflex International Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hippoflex International Private Limited has a workforce of 26 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-40.91%
GST
Hippoflex International has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCH1628H1ZW | Madhya Pradesh | Active | 28 Jul 2020 |
To see the full GST registrations and return filing status of Hippoflex International Private Limited, buy the company report.
Recent activity
Hippoflex International Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ashok Chourasia was appointed as Director on 01 Jan 2020.
AGM
Hippoflex International Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hippoflex International Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with State Bank Of India amounted to Rs. 13.10 Cr with Charge ID 100495910 was registered on 14 Oct 2021.
Charges
A charge with State Bank Of India amounted to Rs. 2.10 Cr with Charge ID 100486088 was registered on 03 Jul 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 11.00 Cr with Charge ID 100430369 was registered on 05 Mar 2021.
Appointed
Ashok Chourasia was appointed as Director.
Appointed
Om Prakash Patidar was appointed as Director.
Incorporation
01 Jan 2020
Hippoflex International Private Limited was registered on 01 Jan 2020 with Roc Gwalior & aged 6 years 9 months as per MCA records.
Frequently asked questions
Hippoflex International is an active private limited company based in Indore, Madhya Pradesh, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 01 January 2020 (6+ years old) and is registered under CIN U25209MP2020PTC050537.
Hippoflex International has 2 current directors:
- Om Prakash Patidar - Director
- Ashok Chourasia - Director
The latest financial statements of Hippoflex International 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 FY 2020 are in the company report.
The GSTIN of Hippoflex International is 23AAFCH1628H1ZW, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Hippoflex International is U25209MP2020PTC050537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hippoflex International was incorporated on 01 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Gwalior.
Hippoflex International has 2 deals on record (1 secondary share transfer, 1 rights issue); the latest was in May 2021.
The peers of Hippoflex International by revenue are Pristine Industries Limited, Ganpati Plastfab Limited, Vama Wovenfab Limited, Modern Packaging Private Limited, Interweave Polytex Private Limited and 4 more, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ashok Chourasia was appointed as Director on 01 Jan 2020. Om Prakash Patidar was appointed as Director on 01 Jan 2020.
Yes, Hippoflex International is registered as a medium enterprise under Udyam registration (number: UDYAM-MP-17-0000165).
Hippoflex International has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Hippoflex International can be reached through the website safeflex.org. Its registered office is in Indore, Madhya Pradesh, India.