About Ima-Pg India Private Limited
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Ima-Pg India Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Ima S.P.A, Italy. It operates in the packaging machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 23 March 1961 and has been in existence for over 65 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH1961PTC011958. Its GSTIN is 27AAACP6442Q1ZW (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.79 Cr. It was formerly known as Precision Gears Limited and Precision Gears Private Limited. It is led by directors including Mahadevan Gopalakrishnan Iyer (Managing Director) and Anant Shriniwas Galgali (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Plot No. R – 677 M.I.D.C. T.T.C. Industrial Area Thane Belapur Road Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2023, the company reported a revenue of ₹244.52 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹34.25 Cr (net margin 14%) and EBITDA of ₹21.03 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 8% over five years.
The company has about 364 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ima-Pg. As per MCA filings, the company has open charges of ₹48 Cr and satisfied charges of ₹60.01 Cr on record. Court records list 42 cases involving the company, including 24 filed by the company and 18 filed against it; 8 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹12 Cr; the latest was in March 2019. Its 8 peer companies in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 3 smaller; the largest is Mamata Machinery Limited with revenue of ₹241.31 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 162 overdue payments to 49 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website imapg.com.
Company details
Name history
Ima-Pg India has undergone 3 name changes throughout its history. The company was previously known as Precision Gears Limited, Precision Gears Private Limited, and Ima-Pg India Limited. The current legal name is Ima-Pg India Private Limited.
| Company Name | Status |
|---|---|
| Ima-Pg India Private Limited | Current |
| Precision Gears Limited | Previous |
| Precision Gears Private Limited | Previous |
| Ima-Pg India Limited | Previous |
CIN history
Ima-Pg India has one previous CIN (Corporate Identification Number): U27100MH1961PLC011958. The current CIN is U27100MH1961PTC011958, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH1961PTC011958 | Current |
| U27100MH1961PLC011958 | Previous |
Contact details
Ima-Pg India Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is imapg.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. R – 677 M.I.D.C. T.T.C. Industrial Area Thane Belapur Road Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryMachinery and Equipment, Packaging Machinery & Equipment
To see the full contact details of Ima-Pg India 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
Financials of Ima-Pg India Private Limited
FY 2024 filings availableIma-Pg India Private Limited reported revenue of ₹244.52 Cr (up 13% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 13% growth in the latest year. EBITDA fell 26% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹244.52 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.25 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 14% | ||||
| 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 Ima-Pg India Private Limited, buy the company report.
Board of directors of Ima-Pg India Private Limited
Ima-Pg India has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sergio Marzo Also directs: Ima Packaging Technology India Private Limited | Director | 13 May 2011 | 15 Years 5 Months | Current |
| Mahadevan Gopalakrishnan Iyer Also directs: Institute of Packaging Machinery Manufacturers of India | Managing Director | 14 Oct 2007 | 19 Years 0 Months | Current |
| Massimo Marchesini | Director | 27 May 2019 | 7 Years 5 Months | Current |
| Anant Shriniwas Galgali Also directs: Pebbles Enterprises LLP | Whole-Time Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Pierluigi Tampieri | Director | 13 May 2011 | 15 Years 5 Months | Current |
Peer comparison
Ima-Pg India Private Limited is compared with the 8 companies closest to it by revenue in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ima-Pg India Private Limitedthis company | ₹244.52 Cr (FY 2023) | ₹34.25 Cr | 14% | 13.0% | 364 | Navi Mumbai, Maharashtra, India |
| Mamata Machinery Limited | ₹241.31 Cr (FY 2024) | 15.0% | Moraiya, Gujarat, India | |||
| Sidel India Private Limited | ₹230.61 Cr (FY 2025) | -12.0% | Pune, Maharashtra, India | |||
| Clearpack Automation Private Limited | ₹217.96 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Tula Engineering Private Limited | ₹210.83 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Pakona Engineers (India)Pvt Ltd | ₹200.56 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Pace Packaging Machines Private Limited | ₹167.55 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Coesia India Private Limited | ₹161.26 Cr (FY 2025) | 17.0% | Pune, Maharashtra, India | |||
| Nichrome India Limited | ₹125.18 Cr (FY 2025) | 2.0% | Pune, Maharashtra, India |
To see the full peer comparison of Ima-Pg India Private Limited, buy the company report.
Auditor
Ima-Pg India Private Limited is audited by B.M. Chatrath & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.M. Chatrath & Co. LLP | FY 2023 | 301011E/E300025 |
Shareholding
The shareholding of Ima-Pg India 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 Ima-Pg India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2024 | 100953695 | Hdfc Bank Limited | ₹23 Cr | Open | |
| 24 Nov 2017 | 100189582 | Others | ₹25 Cr | Open | |
| 02 Aug 2019 | 100284429 | Others | ₹25 Lakh | Satisfied | |
| 28 Feb 2018 | 100160745 | Others | ₹10 Cr | Satisfied | |
| 23 Dec 2015 | 10614285 | The Hongkong and Shanghai Banking Corporation Limited | ₹6.34 Lakh | Satisfied |
To see the full charge records of Ima-Pg India Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Ima-Pg India Private Limited has 6 deals on record (5 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹12 Cr; the latest was in March 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Seller: an individual |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
To see the full deal history of Ima-Pg India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ima-Pg India Private Limited has 42 court cases on record: 24 filed by Ima-Pg India, 18 filed against it. 8 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 7 | 8 |
| High courts | 15 | 11 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against DHL Logistics Private Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against DHL Logistics Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by India Cements Capital and Finance Ltd | Disposed |
| Bombay High Court | Appeal | Filed by the company against Precision Gears (Indore) P.Ltd.With Precision Gears Ltd. and 1 other | Disposed |
| Bombay High Court | Company petition | Filed by the company against Precision Gears (Indore) Pvt.Ltd.With Precision Gears Ltd. and 1 other | Disposed |
To see the full case history of Ima-Pg India 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.
Credit ratings & regulatory alerts
Ima-Pg India Private Limited was last rated by Crisil on 06 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Nov 2021 |
To see the full credit ratings and regulatory alerts of Ima-Pg India Private Limited, buy the company report.
MSME payment delays
Ima-Pg India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 162 overdue payments to 49 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 49)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ima-Pg India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ima-Pg India Private Limited has a workforce of 364 employees on its EPFO records as of Apr 01, 2024, across 2 active EPFO establishments.
GST
Ima-Pg India has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP6442Q1ZW | Maharashtra | Active | 01 Jul 2017 |
| 27AAACP6442Q2ZV | Maharashtra | Active | 19 Sep 2017 |
| 02AAACP6442Q1Z8 | Himachal Pradesh | Active | 01 Jul 2017 |
| 23AAACP6442Q1Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ima-Pg India Private Limited, buy the company report.
Recent activity
Ima-Pg India Private Limited has 15 board changes on record since 2007: 5 appointments and 10 cessations. The latest: Satish Gopal Rao ceased to be Whole-Time Director on 15 Dec 2022.
35 earlier events are in the company report.
Frequently asked questions
Ima-Pg India is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in packaging machinery and equipment, within the machinery and equipment industry. It was incorporated on 23 March 1961 (65+ years old) and is registered under CIN U27100MH1961PTC011958.
Ima-Pg India has 5 current directors:
- Mahadevan Gopalakrishnan Iyer - Managing Director
- Anant Shriniwas Galgali - Whole-Time Director
- Sergio Marzo - Director
- Massimo Marchesini - Director
- Pierluigi Tampieri - Director
The latest financial statements of Ima-Pg India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 26 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ima-Pg India is 27AAACP6442Q1ZW, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 27AAACP6442Q2ZV (Maharashtra), 02AAACP6442Q1Z8 (Himachal Pradesh), 23AAACP6442Q1Z4 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Ima-Pg India is U27100MH1961PTC011958. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ima-Pg India has 42 court cases on record: 24 filed by the company and 18 filed against it. 8 are pending. Most are in the district courts.
Ima-Pg India was incorporated on 23 March 1961, making it 65+ years old. It is registered with the Registrar of Companies, Mumbai.
Ima-Pg India has 6 deals on record (5 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹12 Cr; the latest was in March 2019.
The peers of Ima-Pg India by revenue are Mamata Machinery Limited, Sidel India Private Limited, Clearpack Automation Private Limited, Tula Engineering Private Limited, Pakona Engineers (India)Pvt Ltd and 3 more, all in the Machinery and Equipment industry (Packaging Machines), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Satish Gopal Rao ceased to be Whole-Time Director on 15 Dec 2022. Massimo Marchesini ceased to be Additional Director on 04 Jul 2020. Massimo Marchesini was appointed as Director on 27 May 2019. Ima-Pg India has 15 board changes on record in total.
Ima-Pg India has 14 MSME Form 1 returns on record between 2019 and 2023, listing 162 overdue payments to 49 micro and small suppliers. The latest return was filed on 22 Jan 2024.
Ima-Pg India can be reached through the website imapg.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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