About Huhtamaki India Limited
Data last updated: 17 December 2025
Huhtamaki India Limited is a public limited foreign company incorporated in india based in Thane, Maharashtra, India, a subsidiary of Huhtavefa Bv. It specialises in industrial packaging solutions, a part of the broader packaging sector. Incorporated on 12 June 1950, the company has been in operation for over 76 years.
Registered with ROC Mumbai under CIN L21011MH1950FLC145537. Listed on BSE: 509820 and NSE: HUHTAMAKI.
Capital: an authorised share capital of ₹112.8 Cr and a paid-up capital of ₹15.1 Cr. Formerly known as Huhtamaki Ppl Limited and The Paper Products Limited. It is led by directors including Sami Jukka Pauni and Murali Sivaraman.
Last AGM: 08 May 2025. Financial statements filed for year ended 31 December 2024. Office: Thane, Maharashtra.
As per NSE-filed standalone financials for FY 2024, the company reported a revenue of ₹2,521.18 Cr, a decline of 1.11% compared to the previous year. The net worth stands at ₹1,193.55 Cr (up 3.75% YoY). Total assets are valued at ₹1,937.06 Cr (down 3.19% YoY).
The company has a workforce of approximately 2,582 employees as per the latest available data. It operates as a subsidiary of Huhtavefa Bv.
The company is associated with 1 brand - Huhtamaki. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹361.02 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website huhtamaki.com.
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Registered Address7Th Floor Bellona, The Walk Hiranandani Estate Ghodbunder Road, Thane, Maharashtra, India – 400607
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IndustryPackaging, Industrial Packaging Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Huhtamaki India Limited
Huhtamaki India Limited has undergone 3 name changes throughout its history. The company was previously known as Huhtamaki Ppl Limited, The Paper Products Limited, and Huhtamaki India Limited. The current legal name is Huhtamaki India Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Huhtamaki India Limited | Current |
| Huhtamaki Ppl Limited | Previous |
| The Paper Products Limited | Previous |
CIN History of Huhtamaki India Limited
Huhtamaki India Limited has one previous CIN (Corporate Identification Number): L21011MH1950PLC145537. The current CIN is L21011MH1950FLC145537, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L21011MH1950FLC145537 | Current |
| L21011MH1950PLC145537 | Previous |
Associated Brands with Huhtamaki India Limited
Huhtamaki India Limited operates one associated brand: Huhtamaki. These brands represent Huhtamaki India Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Consumer and food packaging products are manufactured globally. | huhtamaki.com |
Business Activity of Huhtamaki India Limited
Huhtamaki India Limited operates primarily in the manufacturing sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Manufacturing | Locked | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Detailed business activity records for Huhtamaki India Limited
Activity codes and turnover contribution percentages require an active report plan.
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Auditor Details of Huhtamaki India Limited
Huhtamaki India Limited is audited by B S R & Co. LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Huhtamaki India Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors and KMP of Huhtamaki India Limited
Huhtamaki India Limited currently reports 7 directors and 1 key managerial person. 36 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sami Jukka Pauni | Director | 01 Nov 2018 | 7 Years 8 Months | Current |
|
Murali Sivaraman
Also directs:
Welspun Living Limited, Pidilite Industries Limited, Icici Lombard General Insurance Company Limited and 2 more
|
Director | 01 Jan 2019 | 7 Years 6 Months | Current |
| Dhananjay Jagannath Salunkhe | Managing Director | 12 Aug 2022 | 3 Years 11 Months | Current |
| Ashok Kumar Barat | Director | 01 Apr 2020 | 6 Years 3 Months | Current |
|
Seema Modi Jayesh
Also directs:
Thpl Support Services Limited
|
Director | 01 Jan 2020 | 6 Years 6 Months | Current |
| Axel Glade | Additional Director | 15 Oct 2025 | 0 Years 8 Months | Current |
Financials of Huhtamaki India Limited FY 2024 filings available
Huhtamaki India Limited reported revenue of ₹2,521.18 Cr (down 1.11% YoY) for FY 2024.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹2,521.18 Cr | ₹2,549.44 Cr | ₹2,982.92 Cr | ₹2,625.28 Cr | ₹2,462.7 Cr |
| Other Income | ₹33.65 Cr | ₹15.47 Cr | ₹17.23 Cr | ₹9.37 Cr | ₹8.02 Cr |
| Total Income | ₹2,554.83 Cr | ₹2,564.91 Cr | ₹3,000.15 Cr | ₹2,634.65 Cr | ₹2,470.72 Cr |
| Cost of Materials Consumed | ₹1,722.27 Cr | ₹1,720.22 Cr | ₹2,167.9 Cr | ₹1,926.68 Cr | ₹1,623.21 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹17.5 Cr | ₹16.49 Cr | ₹15.84 Cr | -₹54.44 Cr | -₹10.77 Cr |
| Employee Benefit Expense | ₹254.24 Cr | ₹255.47 Cr | ₹253.59 Cr | ₹257.77 Cr | ₹276.05 Cr |
| Finance Costs | ₹17.54 Cr | ₹30.52 Cr | ₹32.28 Cr | ₹26.83 Cr | ₹26.12 Cr |
| Depreciation & Amortisation | ₹47.48 Cr | ₹49.15 Cr | ₹86.05 Cr | ₹92.16 Cr | ₹97.93 Cr |
| Other Expenses | ₹409.83 Cr | ₹362.55 Cr | ₹388.56 Cr | ₹386.24 Cr | ₹340.59 Cr |
| Total Expenses | ₹2,468.86 Cr | ₹2,434.4 Cr | ₹2,944.22 Cr | ₹2,635.24 Cr | ₹2,353.13 Cr |
| Profit Before Exceptional Items & Tax | ₹85.97 Cr | ₹130.51 Cr | ₹55.93 Cr | -₹59 Lakh | ₹117.59 Cr |
| Exceptional Items | ₹30.87 Cr | ₹369.53 Cr | ₹0 | -₹30.98 Cr | ₹0 |
| Profit Before Tax | ₹116.84 Cr | ₹500.04 Cr | ₹55.93 Cr | -₹31.57 Cr | ₹117.59 Cr |
| Total Tax Expense | ₹28.87 Cr | ₹90.41 Cr | ₹6.29 Cr | -₹8.88 Cr | ₹21.6 Cr |
| Net Profit | ₹87.97 Cr | ₹409.63 Cr | ₹49.64 Cr | -₹22.69 Cr | ₹95.99 Cr |
| Other Comprehensive Income | -₹7.12 Cr | ₹65 Lakh | -₹99 Lakh | -₹2.44 Cr | -₹5.76 Cr |
| Total Comprehensive Income | ₹80.85 Cr | ₹410.28 Cr | ₹48.65 Cr | -₹25.13 Cr | ₹90.23 Cr |
| EBITDA (computed) | ₹150.99 Cr | ₹210.18 Cr | ₹174.26 Cr | ₹118.4 Cr | ₹241.64 Cr |
| Basic EPS | ₹11.65 | ₹54.24 | ₹6.57 | ₹-3.00 | ₹12.71 |
| Diluted EPS | ₹8.51 | ₹6.27 | ₹6.57 | ₹1.10 | ₹12.71 |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Assets | ₹1,937.06 Cr | ₹2,000.96 Cr | ₹1,750.66 Cr |
| Non-current Assets | ₹747.37 Cr | ₹661.14 Cr | ₹688.36 Cr |
| Current Assets | ₹1,189.69 Cr | ₹1,339.59 Cr | ₹1,062.3 Cr |
| Property, Plant & Equipment | ₹530.49 Cr | ₹344.23 Cr | ₹346.29 Cr |
| Inventories | ₹250.22 Cr | ₹269.89 Cr | ₹297.99 Cr |
| Trade Receivables | ₹570.39 Cr | ₹551 Cr | ₹658.7 Cr |
| Cash & Equivalents | ₹48.89 Cr | ₹144.48 Cr | ₹42.53 Cr |
| Equity (Net Worth) | ₹1,193.55 Cr | ₹1,150.46 Cr | ₹756.96 Cr |
| Equity Share Capital | ₹15.11 Cr | ₹15.11 Cr | ₹15.11 Cr |
| Borrowings (Non-current) | ₹100 Cr | ₹200 Cr | ₹200 Cr |
| Borrowings (Current) | ₹1.47 Cr | ₹2.95 Cr | ₹166.15 Cr |
| Total Debt (computed) | ₹101.47 Cr | ₹202.95 Cr | ₹366.15 Cr |
| Current Liabilities | ₹577.18 Cr | ₹585.15 Cr | ₹739.3 Cr |
| Total Liabilities | ₹743.51 Cr | ₹850.5 Cr | ₹993.7 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Operating Cash Flow | ₹142.34 Cr | ₹273.58 Cr | ₹132.65 Cr | -₹27.66 Cr |
| Investing Cash Flow | -₹76.88 Cr | ₹39.8 Cr | -₹89.58 Cr | -₹55.85 Cr |
| Financing Cash Flow | -₹161.28 Cr | -₹211.48 Cr | -₹31.58 Cr | ₹48.63 Cr |
| Capital Expenditure | ₹66.4 Cr | ₹94.92 Cr | ₹96.49 Cr | ₹79.13 Cr |
| Free Cash Flow (computed) | ₹75.94 Cr | ₹178.66 Cr | ₹36.16 Cr | -₹106.79 Cr |
| Dividends Paid | ₹37.77 Cr | ₹15.18 Cr | ₹7.76 Cr | ₹22.68 Cr |
| Net Change in Cash | -₹95.59 Cr | ₹101.95 Cr | ₹11.19 Cr | -₹34.88 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹613.1 Cr | ₹622.52 Cr | ₹624.73 Cr | ₹612.23 Cr | ₹609.93 Cr | ₹619.11 Cr | ₹652.5 Cr | ₹639.45 Cr | ₹610.12 Cr | ₹603.73 Cr | ₹662.48 Cr | ₹621.7 Cr |
| Other Income | ₹22.12 Cr | ₹8.12 Cr | ₹9.4 Cr | ₹6.68 Cr | ₹11.02 Cr | ₹5.77 Cr | ₹13.25 Cr | ₹6.32 Cr | ₹8.32 Cr | ₹4.07 Cr | ₹3 Cr | ₹2.12 Cr |
| Total Income | ₹635.22 Cr | ₹630.64 Cr | ₹634.13 Cr | ₹618.91 Cr | ₹620.95 Cr | ₹624.88 Cr | ₹665.75 Cr | ₹645.77 Cr | ₹618.44 Cr | ₹607.8 Cr | ₹665.48 Cr | ₹623.82 Cr |
| Cost of Materials Consumed | ₹428.49 Cr | ₹380.64 Cr | ₹412.49 Cr | ₹401.6 Cr | ₹425.34 Cr | ₹402.7 Cr | ₹447.41 Cr | ₹441.82 Cr | ₹430.35 Cr | ₹395.29 Cr | ₹437.62 Cr | ₹425.82 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹26.24 Cr | ₹32.38 Cr | ₹64 Lakh | -₹14 Lakh | -₹22.73 Cr | ₹33.96 Cr | ₹8.01 Cr | ₹1.18 Cr | -₹25.65 Cr | ₹2.51 Cr | ₹16 Cr | -₹1.3 Cr |
| Employee Benefit Expense | ₹64.73 Cr | ₹60.38 Cr | ₹60.05 Cr | ₹71.17 Cr | ₹67.35 Cr | ₹63.11 Cr | ₹64.16 Cr | ₹65.3 Cr | ₹61.67 Cr | ₹63 Cr | ₹68.6 Cr | ₹64.55 Cr |
| Finance Costs | ₹3.53 Cr | ₹7.58 Cr | ₹2.9 Cr | ₹3.06 Cr | ₹3.02 Cr | ₹2.96 Cr | ₹4.82 Cr | ₹4.99 Cr | ₹4.77 Cr | ₹6.24 Cr | ₹7.52 Cr | ₹9.95 Cr |
| Depreciation & Amortisation | ₹23.51 Cr | ₹13.58 Cr | ₹12.81 Cr | ₹13.09 Cr | ₹12.68 Cr | ₹13.82 Cr | ₹12.19 Cr | ₹11.95 Cr | ₹9.52 Cr | ₹11.18 Cr | ₹10.83 Cr | ₹11.55 Cr |
| Other Expenses | ₹106.16 Cr | ₹95.1 Cr | ₹96.07 Cr | ₹97.01 Cr | ₹101.24 Cr | ₹93.1 Cr | ₹114.84 Cr | ₹99.19 Cr | ₹102.7 Cr | ₹85.21 Cr | ₹94.51 Cr | ₹92.66 Cr |
| Total Expenses | ₹600.18 Cr | ₹589.66 Cr | ₹584.96 Cr | ₹585.79 Cr | ₹586.9 Cr | ₹609.65 Cr | ₹651.43 Cr | ₹624.43 Cr | ₹583.36 Cr | ₹563.43 Cr | ₹635.08 Cr | ₹603.23 Cr |
| Profit Before Exceptional Items & Tax | ₹35.04 Cr | ₹40.98 Cr | ₹49.17 Cr | ₹33.12 Cr | ₹34.05 Cr | ₹15.23 Cr | ₹14.32 Cr | ₹21.34 Cr | ₹35.08 Cr | ₹44.37 Cr | ₹30.4 Cr | ₹20.59 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹28 Lakh | ₹67 Lakh | -₹14 Lakh | ₹1.53 Cr | ₹29.48 Cr | ₹0 | ₹371.65 Cr | ₹0 | -₹2.12 Cr |
| Profit Before Tax | ₹35.04 Cr | ₹40.98 Cr | ₹49.17 Cr | ₹33.4 Cr | ₹34.72 Cr | ₹15.09 Cr | ₹15.85 Cr | ₹50.82 Cr | ₹35.08 Cr | ₹416.02 Cr | ₹30.4 Cr | ₹18.47 Cr |
| Total Tax Expense | ₹9.44 Cr | ₹10.68 Cr | ₹12.4 Cr | ₹8.46 Cr | ₹8.57 Cr | ₹3.4 Cr | ₹4.14 Cr | ₹12.28 Cr | ₹9.05 Cr | ₹88.6 Cr | -₹1.87 Cr | ₹4.01 Cr |
| Net Profit | ₹25.6 Cr | ₹30.3 Cr | ₹36.77 Cr | ₹24.94 Cr | ₹26.15 Cr | ₹11.69 Cr | ₹11.71 Cr | ₹38.54 Cr | ₹26.03 Cr | ₹327.42 Cr | ₹32.27 Cr | ₹14.46 Cr |
| Other Comprehensive Income | -₹1.09 Cr | -₹1.47 Cr | -₹1.72 Cr | ₹4 Lakh | ₹7 Lakh | -₹6.8 Cr | -₹29 Lakh | ₹10 Lakh | -₹13 Lakh | ₹85 Lakh | -₹61 Lakh | ₹43 Lakh |
| Total Comprehensive Income | ₹24.51 Cr | ₹28.83 Cr | ₹35.05 Cr | ₹24.98 Cr | ₹26.22 Cr | ₹4.89 Cr | ₹11.42 Cr | ₹38.64 Cr | ₹25.9 Cr | ₹328.27 Cr | ₹31.66 Cr | ₹14.89 Cr |
| EBITDA (computed) | ₹62.08 Cr | ₹62.14 Cr | ₹64.88 Cr | ₹49.27 Cr | ₹49.75 Cr | ₹32.01 Cr | ₹31.33 Cr | ₹38.28 Cr | ₹49.37 Cr | ₹61.79 Cr | ₹48.75 Cr | ₹42.09 Cr |
| Basic EPS | ₹3.39 | ₹4.02 | ₹4.87 | ₹3.30 | ₹3.46 | ₹1.55 | ₹1.55 | ₹5.10 | ₹3.45 | ₹43.36 | ₹4.27 | ₹1.91 |
| Diluted EPS | ₹3.39 | ₹4.02 | ₹4.87 | ₹2.27 | ₹3.40 | ₹1.51 | ₹1.55 | ₹2.10 | ₹3.45 | ₹5.11 | ₹4.27 | ₹2.19 |
Shareholding Pattern of Huhtamaki India Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 67.73%, foreign institutional investors hold 1.35%, domestic institutional investors hold 1.14%, retail and other public shareholders hold 29.78% of Huhtamaki India Limited. The company had 35,296 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 67.73% | 67.73% | 67.73% | 67.73% | 67.73% | 67.73% |
| Public | 32.27% | 32.27% | 32.27% | 32.27% | 32.27% | 32.27% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.73% | 67.73% | 67.73% | 67.73% | 67.73% | 67.73% | 66.94% | 66.94% | 66.21% | 68.77% | 68.77% |
| Public | 32.27% | 32.27% | 32.27% | 32.27% | 32.27% | 32.27% | 33.06% | 33.06% | 33.79% | 31.23% | 31.23% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.79 | +0.00 | +0.73 | -2.56 | +0.00 | - |
Board & Governance of Huhtamaki India Limited
As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Huhtamaki India Limited has 8 directors - 3 independent and 2 executive. The board is chaired by Murali Sivaraman.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Murali Sivaraman | Non-Executive - Independent Director · Chairperson | 2019-01-01 | 5 |
| Ashok Kumar Barat | Non-Executive - Independent Director | 2020-04-01 | 7 |
| Seema Modi | Non-Executive - Independent Director | 2020-01-01 | 1 |
| Sami Pauni | Non-Executive - Non Independent Director | 2018-11-01 | 1 |
| Jagdish Agarwal | Executive Director | 2022-05-26 | 1 |
| Dhananjay Salunkhe | Executive Director · MD | 2022-08-12 | 1 |
| Axel Glade | Non-Executive - Non Independent Director | 2025-10-15 | 1 |
| Thomas Geust | Non-Executive - Non Independent Director | 2025-11-14 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Ashok Kumar Barat (Chairperson), Murali Srivaraman, Seema Modi |
| Nomination and remuneration committee | Seema Modi (Chairperson), Murali Sivaraman, Sami Pauni |
| Stakeholders Relationship Committee | Seema Modi (Chairperson), Murali Sivaraman, Sami Pauni |
| Risk Management Committee | Ashok Kumar Barat (Chairperson), Seema Modi, Sami Pauni, Dhananjay Salunkhe, Jagdish Agarwal |
| Corporate Social Responsibility Committee | Murali Sivaraman (Chairperson), Sami Pauni, Dhananjay Salunkhe |
Charges & Borrowings of Huhtamaki India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Sep 2024 | Others | ₹5 Cr | Open |
| 04 Oct 2014 | Sbicap Trustee Company Limited | ₹325.12 Cr | Satisfied |
| 22 Sep 1995 | Punjab & Sind Bank | ₹8 Cr | Satisfied |
| 18 Feb 1989 | Punjab & Sind Bank | ₹27.9 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Huhtamaki India Limited
Huhtamaki India Limited has a workforce of 2,582 employees as of Apr 08, 2024.
Employee and EPFO history for Huhtamaki India Limited
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GST Compliance of Huhtamaki India Limited
GST registrations and filing compliance for Huhtamaki India Limited
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Credit Ratings, Litigation & Regulatory Alerts for Huhtamaki India Limited
Credit ratings, litigation, and regulatory alerts for Huhtamaki India Limited
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MSME Payment Delays by Huhtamaki India Limited
MSME payment history for Huhtamaki India Limited
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Subsidiaries & Group Companies of Huhtamaki India Limited
Corporate group structure for Huhtamaki India Limited
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MCA Filings & Documents of Huhtamaki India Limited
MCA filings and documents for Huhtamaki India Limited
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Recent Activity on Huhtamaki India Limited
Recent News on Huhtamaki India Limited
Frequently Asked Questions about Huhtamaki India Limited
Huhtamaki India Limited is an active public limited foreign company incorporated in india in the packaging sector based in Thane, Maharashtra, India. It was incorporated on 12 June 1950 (76+ years old) and is registered under CIN L21011MH1950FLC145537. Listed on BSE: 509820 and NSE: HUHTAMAKI. The company has 2,582 employees.
Huhtamaki India Limited reported revenue of ₹2,521.18 Cr for FY 2024 (down 1.11% YoY) based on standalone NSE filings.
The current directors and KMP of Huhtamaki India Limited are:
- Sami Jukka Pauni - Director
- Murali Sivaraman - Director
- Dhananjay Jagannath Salunkhe - Managing Director
- Ashok Kumar Barat - Director
- Seema Modi Jayesh - Director
- Axel Glade - Additional Director
- Thomas Geust - Additional Director
- Abhijaat Akhilesh Sinha - Company Secretary
The primary industry of Huhtamaki India Limited is packaging. The company specifically operates in industrial packaging solutions. The company is currently active in this sector.
Yes. Huhtamaki India Limited is listed on both BSE (code: 509820) and NSE (symbol: HUHTAMAKI).
Huhtamaki India Limited can be reached at the registered office: 7Th Floor Bellona, The Walk Hiranandani Estate Ghodbunder Road, Thane, Maharashtra, India – 400607, or through the website huhtamaki.com.