Index Bags Private Limited

Index Bags Private Limited - packaging in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U21000MH2019PTC334491 Incorporated 16 December 2019 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company packaging MSME · Small
Data last updated
Revenue · FY 2024
₹11.37 Cr
▲ 336% YoY
Net profit · FY 2024
₹20.01 Lakh
Net margin 1.8%
EBITDA · FY 2024
₹1.76 Cr
EBITDA margin 15.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹12.5 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings

About Index Bags Private Limited

Data last updated:

Index Bags Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 16 December 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21000MH2019PTC334491. Its GSTIN is 24AAFCI5048G1ZP (Gujarat).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Dipti Milesh Mody and Milesh Ashok Mody.

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 118 Janta Nagar 1st Floor M P Mills Compond Behind A C Market Tardeo, Mumbai, Maharashtra, India – 400034.

As per the financials filed for FY 2024, the company reported a revenue of ₹11.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹20.01 Lakh (net margin 1.8%) and EBITDA of ₹1.76 Cr (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 228% over three years.

As per MCA filings, the company has open charges of ₹12.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.

Index Bags Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0017738).

Company details

CIN U21000MH2019PTC334491
Registration Number 334491
Incorporation Date 16 December 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0017738
Key People
Dipti Milesh Mody Director Milesh Ashok Mody Director Kokila Ashok Mody Director

Recognitions & Rankings of Index Bags

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-25-0017738

Contact details

Index Bags Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    118 Janta Nagar 1st Floor M P Mills Compond Behind A C Market Tardeo, Mumbai, Maharashtra, India – 400034
  • Industry
    Packaging, Industrial Packaging Solutions

To see the full contact details of Index Bags Private Limited, buy the company report.

Comprehensive company report
Index Bags 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 activities of Index Bags are manufacturing and support service to organizations. In detail, this covers wood and wood products, furniture, paper and paper products and other support services to organizations. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Index Bags Private Limited, buy the company report.

Financials of Index Bags Private Limited

FY 2025 filings available

Index Bags Private Limited reported revenue of ₹11.37 Cr (up 336% YoY) for FY 2024.

Revenue · FY 2024
₹11.37 Cr ▲ 336%
Net profit · FY 2024
₹20.01 Lakh margin 1.8%
EBITDA · FY 2024
₹1.76 Cr margin 15.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 336%
3 years · compounded
▲ 228%
EBITDA CAGR growth
1 year
▲ 131%
3 years · compounded
▲ 124%

Revenue has grown at a compounded annual rate (CAGR) of 228% over three years, including 336% growth in the latest year. EBITDA rose 131% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹1.76 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹20.01 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin15.5%
Net Profit Margin1.8%
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 Index Bags Private Limited, buy the company report.

Board of directors of Index Bags Private Limited

Index Bags has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dipti Milesh Mody
Also directs: Elson Packaging Industries Private Limited, Nitin Poly Propylene Industries Private Limited, Index Packaging Private Limited and 4 more
Director20 Nov 20232 Years 11 MonthsCurrent
Milesh Ashok Mody
Also directs: Elson Packaging Industries Private Limited, Nitin Poly Propylene Industries Private Limited, Index Packaging Private Limited and 5 more
Director16 Dec 20196 Years 10 MonthsCurrent
Kokila Ashok Mody
Also directs: Elson Packaging Industries Private Limited, Nitin Poly Propylene Industries Private Limited, Index Packaging Private Limited and 4 more
Director20 Nov 20232 Years 11 MonthsCurrent
View all directors

Auditor

Index Bags Private Limited is audited by N S BHATT & CO for the financial year 2022.

Auditor firmFinancial yearFirm registration number
N S BHATT & COFY 2022101342W

Shareholding

The shareholding of Index Bags Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Index Bags Private Limited, buy the company report.

Charges & borrowings

Open charges
₹12.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹12.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Jul 2022100598061Others₹12.5 CrOpen

To see the full charge records of Index Bags Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Index Bags Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Index Bags has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAFCI5048G1ZPGujaratActive09 Jun 2020

To see the full GST registrations and return filing status of Index Bags Private Limited, buy the company report.

Recent activity

Index Bags Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Dipti Milesh Mody ceased to be Additional Director on 29 Sep 2024.

AGM
Index Bags Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Index Bags Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Dipti Milesh Mody ceased to be Additional Director.
Ceased
Kokila Ashok Mody ceased to be Additional Director.
Ceased
Ashok Parmanand Mody ceased to be Director.
Appointed
Dipti Milesh Mody was appointed as Director.
Appointed
Kokila Ashok Mody was appointed as Director.
Charges
A charge with Others of Rs. 12.50 Cr registered on 12 Jul 2022 with Charge ID 100598061 was modified on 14 Jul 2022.
Charges
A charge with Others amounted to Rs. 12.50 Cr with Charge ID 100598061 was registered on 12 Jul 2022.
Appointed
Milesh Ashok Mody was appointed as Director.
Incorporation
16 Dec 2019
Index Bags Private Limited was registered on 16 Dec 2019 with Roc Mumbai & aged 6 years 10 months as per MCA records.

Frequently asked questions

Index Bags is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 16 December 2019 (7+ years old) and is registered under CIN U21000MH2019PTC334491.

Index Bags has 3 current directors:

The latest financial statements of Index Bags 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 Index Bags is 24AAFCI5048G1ZP, registered in Gujarat.

The CIN (Corporate Identification Number) of Index Bags is U21000MH2019PTC334491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Index Bags has 1 court case on record: 1 filed by the company. 1 is pending.

Index Bags was incorporated on 16 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.

Dipti Milesh Mody ceased to be Additional Director on 29 Sep 2024. Kokila Ashok Mody ceased to be Additional Director on 29 Sep 2024. Ashok Parmanand Mody ceased to be Director on 20 Nov 2023. Index Bags has 6 board changes on record in total.

Yes, Index Bags is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-25-0017738).

The registered office of Index Bags is at 118 Janta Nagar 1st Floor M P Mills Compond Behind A C Market Tardeo, Mumbai, Maharashtra, India – 400034.