Indian Cork Mills Private Limited

Indian Cork Mills Private Limited - packaging in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U29300MH1966PTC013517 Incorporated 20 June 1966 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company packaging MSME · Medium
Data last updated
Revenue · FY 2024
₹115.42 Cr
▲ 6% YoY
Net profit · FY 2024
₹10.66 Cr
Net margin 9.2%
EBITDA · FY 2024
₹15.59 Cr
EBITDA margin 13.5%
Authorised capital
₹1.84 Cr
Registered with MCA
Paid-up capital
₹1.82 Cr
Issued & subscribed
Open charges
₹71.43 Cr
Satisfied ₹13.1 Cr
Company age
60 yrs
Est. 1966
Employees · EPFO
186
Provident fund records

About Indian Cork Mills Private Limited

Data last updated:

Indian Cork Mills Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical packaging solutions segment of the packaging sector. It was incorporated on 20 June 1966 and has been in existence for over 60 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29300MH1966PTC013517. Its GSTIN is 27AAACI2619G1ZT (Maharashtra). The company holds 4 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹1.84 Cr and a paid-up capital of ₹1.82 Cr. It is led by directors including Ashwin Ajaymohan Sarup (Managing Director) and Ajay Mohan Anand Sarup.

Its last annual general meeting (AGM) was held on 23 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1st Flr A Wing Sun Srishti 'A' Co Op Hsg Soc Ltd Saki Vihar Road, Mumbai, Maharashtra, India – 400072.

As per the financials filed for FY 2024, the company reported a revenue of ₹115.42 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹10.66 Cr (net margin 9.2%) and EBITDA of ₹15.59 Cr (EBITDA margin 13.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.

The company has about 186 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Indian Cork Industries. As per MCA filings, the company has open charges of ₹71.43 Cr and satisfied charges of ₹13.1 Cr on record. Court records list 17 cases involving the company, including 7 filed by the company and 10 filed against it; 5 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹90.7 Lakh; the latest was in January 2022.

Indian Cork Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0066729). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U29300MH1966PTC013517
Registration Number 013517
Incorporation Date 20 June 1966
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0066729
Key People
Ashwin Ajaymohan Sarup Managing Director Ajay Mohan Anand Sarup Director Tara Anand Sarup Director

Recognitions & Rankings of Indian Cork Mills

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-18-0066729

Contact details

Indian Cork Mills 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
    1st Flr A Wing Sun Srishti 'A' Co Op Hsg Soc Ltd Saki Vihar Road, Mumbai, Maharashtra, India – 400072
  • Industry
    Packaging, Pharmaceutical Packaging Solutions

To see the full contact details of Indian Cork Mills Private Limited, buy the company report.

Comprehensive company report
Indian Cork Mills 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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Brands

Indian Cork Mills operates one associated brand: Indian Cork Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Indian Cork Industries
Manufactures cork sheets, gaskets, and tiles for industrial applications in India.indiancork.com

Business activity

The main business activity of Indian Cork Mills is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Indian Cork Mills Private Limited, buy the company report.

Financials of Indian Cork Mills Private Limited

FY 2024 filings available

Indian Cork Mills Private Limited reported revenue of ₹115.42 Cr (up 6% YoY) for FY 2024.

Revenue · FY 2024
₹115.42 Cr ▲ 6%
Net profit · FY 2024
₹10.66 Cr margin 9.2%
EBITDA · FY 2024
₹15.59 Cr margin 13.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 7%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 234%
3 years · compounded
▲ 48%
5 years · compounded
▲ 7%

Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 6% growth in the latest year. EBITDA rose 234% 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₹15.59 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹10.66 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin13.5%
Net Profit Margin9.2%
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 Indian Cork Mills Private Limited, buy the company report.

Board of directors of Indian Cork Mills Private Limited

Indian Cork Mills has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ajay Mohan Anand Sarup
Also directs: Tyrant Developers Private Limited
Director09 Apr 20197 Years 7 MonthsCurrent
Tara Anand Sarup
Also directs: Premier Liners Private Limited
Director12 Nov 198441 Years 11 MonthsCurrent
Ashwin Ajaymohan Sarup
Also directs: Tyrant Developers Private Limited, Premier Liners Private Limited, Amartara Rondo Packaging Industries LLP and 2 more
Managing Director05 Sep 200521 Years 2 MonthsCurrent
View all directors

Auditor

Indian Cork Mills Private Limited is audited by Dalal Doctor and Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Dalal Doctor and AssociatesFY 2023120833W

Shareholding

The shareholding of Indian Cork Mills 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Indian Cork Mills Private Limited, buy the company report.

Charges & borrowings

Open charges
₹71.43 Cr
Satisfied charges
₹13.1 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹71.43 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Jun 2024100937187Hdfc Bank Limited₹43.21 LakhOpen
15 Mar 2016100026082Hdfc Bank Limited₹26 CrOpen
02 Feb 201610621236Hdfc Bank Limited₹23 CrOpen
14 Jan 201610621234Hdfc Bank Limited₹22 CrOpen
06 Jan 201310406765Indian Overseas Bank₹8.6 CrSatisfied

To see the full charge records of Indian Cork Mills Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

Indian Cork Mills Private Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹90.7 Lakh; the latest was in January 2022.

Total deals
10
Secondary share transfers
9
Funding round
1
Disclosed funding
₹90.7 Lakh

Deals on record (5 of 10)

WhenDealAmountParties
Jan 2022Secondary share transferUndisclosedSeller: an individual
Oct 2021Secondary share transferUndisclosedSeller: Premier Liners Private Limited, Amartara Plastics Private Limited
Sep 2021Secondary share transferUndisclosedSeller: an individual
Jan 2021Secondary share transferUndisclosedSeller: an individual
Sep 2017Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

To see the full deal history of Indian Cork Mills Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

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

Group structure & subsidiaries

Indian Cork Mills has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Tyrant Developers Private LimitedU45100MH2008PTC185942

To see the full group structure of Indian Cork Mills Private Limited, buy the company report.

Employees & EPFO

Indian Cork Mills Private Limited has a workforce of 186 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
186
Active EPFO establishments
1
Employee growth
3.9%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27186
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Indian Cork Mills Private Limited, buy the company report.

GST

Indian Cork Mills has 4 GST registrations: 2 active and 2 cancelled or inactive.

Total GSTINs
4
Active
2
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACI2619G1ZTMaharashtraActive01 Jul 2017
26AAACI2619G1ZVDaman & DiuActive01 Aug 2020

To see the full GST registrations and return filing status of Indian Cork Mills Private Limited, buy the company report.

Recent activity

Indian Cork Mills Private Limited has 8 board changes on record since 1984: 3 appointments and 5 cessations. The latest: Ajay Mohan Anand Sarup ceased to be Additional Director on 12 Apr 2019.

Charges
A charge with Hdfc Bank Limited of Rs. 26.00 Cr registered on 15 Mar 2016 with Charge ID 100026082 was modified on 05 May 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 23.00 Cr registered on 02 Feb 2016 with Charge ID 10621236 was modified on 07 Oct 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 22.00 Cr registered on 14 Jan 2016 with Charge ID 10621234 was modified on 26 Sep 2024.
AGM
Indian Cork Mills Private Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.43 Cr with Charge ID 100937187 was registered on 19 Jun 2024.
Filing
Indian Cork Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ajay Mohan Anand Sarup ceased to be Additional Director.
Appointed
Ajay Mohan Anand Sarup was appointed as Director.
Ceased
Suvesh Venugopalan Nair ceased to be Director.
Ceased
Rohan Lamba ceased to be Additional Director.
Ceased
Amrit Roopchand Mahtani ceased to be Additional Director.
Charges
A charge registered on 06 Jan 2013 via Charge ID 10406765 with Indian Overseas Bank was fully satisfied on 15 Jul 2016.

13 earlier events are in the company report.

Frequently asked questions

Indian Cork Mills is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical packaging solutions, within the packaging industry. It was incorporated on 20 June 1966 (60+ years old) and is registered under CIN U29300MH1966PTC013517.

Indian Cork Mills has 3 current directors:

The latest financial statements of Indian Cork Mills on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Indian Cork Mills is 27AAACI2619G1ZT, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 26AAACI2619G1ZV (Daman & Diu).

The CIN (Corporate Identification Number) of Indian Cork Mills is U29300MH1966PTC013517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Indian Cork Mills has 17 court cases on record: 7 filed by the company and 10 filed against it. 5 are pending. Most are in the high courts.

Indian Cork Mills was incorporated on 20 June 1966, making it 60+ years old. It is registered with the Registrar of Companies, Mumbai.

Indian Cork Mills has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹90.7 Lakh; the latest was in January 2022.

Ajay Mohan Anand Sarup ceased to be Additional Director on 12 Apr 2019. Ajay Mohan Anand Sarup was appointed as Director on 09 Apr 2019. Suvesh Venugopalan Nair ceased to be Director on 09 Apr 2019. Indian Cork Mills has 8 board changes on record in total.

Yes, Indian Cork Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0066729).