About Ipg Asia Private Limited
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Ipg Asia Private Limited is a private limited company based in Daman, Daman And Diu, India, a subsidiary of Ipg Mauritius Limited. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 02 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U24110DD2011PTC004695. Its GSTIN is 26AAFCP9903M1ZX (Daman & Diu). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It was formerly known as Powerband Industries Private Limited. It is led by directors including Mukesh Chandra Mishra (Managing Director) and Emmanuel Gerard Claude Boullay.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Survey No. 354/3 4 5 Kachigam, Daman, Daman and Diu, India – 396210.
As per the financials filed for FY 2025, the company reported a revenue of ₹302.82 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹1.33 Cr (net margin 0.4%) and EBITDA of ₹26.22 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 8% over five years.
The company has about 249 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IPG. As per MCA filings, the company has open charges of ₹85 Cr and satisfied charges of ₹232.29 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 2 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in November 2018. The company has 13 MSME Form 1 returns on record between 2020 and 2024, listing 479 overdue payments to 70 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 itape.com.
Company details
Contact details
Ipg Asia Private Limited's registered office is in Daman, Daman And Diu. Its website is itape.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressSurvey No. 354/3 4 5 Kachigam, Daman, Daman and Diu, India – 396210
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Ipg Asia 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
Business activity
The main business activity of Ipg Asia 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 Ipg Asia Private Limited, buy the company report.
Financials of Ipg Asia Private Limited
FY 2024 filings availableIpg Asia Private Limited reported revenue of ₹302.82 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 37% growth in the latest year. EBITDA rose 374% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹26.22 Cr | ||||
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| Net Profit (PAT) | ₹1.33 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Ipg Asia Private Limited, buy the company report.
Board of directors of Ipg Asia Private Limited
Ipg Asia has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Emmanuel Gerard Claude Boullay | Director | 13 Sep 2023 | 3 Years 1 Months | Current |
| Prashant Mahipat Mehta Also directs: Capstone Polyweave Private Limited | Director | 01 Oct 2023 | 3 Years 0 Months | Current |
| Mukesh Chandra Mishra | Managing Director | 23 Sep 2022 | 4 Years 1 Months | Current |
| Peter Christian Durette Also directs: Capstone Polyweave Private Limited | Director | 01 Oct 2023 | 3 Years 0 Months | Current |
| Jeffrey Richard Crystal Also directs: Capstone Polyweave Private Limited | Director | 16 Sep 2016 | 10 Years 1 Months | Current |
Auditor
Ipg Asia Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2024 | 001076N/N500013 |
Shareholding
The shareholding of Ipg Asia Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Ipg Asia Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2025 | 101169118 | Hdfc Bank Limited | ₹70 Cr | Open | |
| 13 Jun 2022 | 100583575 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Open | |
| 12 Oct 2019 | 100297252 | The Hongkong and Shanghai Banking Corporation Limited | ₹140 Cr | Satisfied | |
| 19 Nov 2012 | 10387004 | Icici Bank Limited | ₹5.47 Cr | Satisfied | |
| 25 Sep 2012 | 10382535 | Icici Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Ipg Asia Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Ipg Asia Private Limited has 5 deals on record (5 secondary share transfers); the latest was in November 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: IPG Mauritius Holding Company Limited, an individual Seller: 3 individuals |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ipg Asia Private Limited has 11 court cases on record: 9 filed by Ipg Asia, 2 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Commercial suit | Filed by the company against JPFL Films Private Limited | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by JPFL Films Private Limited | Pending |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Court case (S.C.S.) | Filed by the company against Ambition Polyplast Pvt Ltd | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Civil suit | Filed by the company against Ambition Polyplast Pvt. Ltd. and Other | Disposed |
| District court, Daman, Diu and Daman | Court case (Reg.Civil Suit) | Filed against the company by individuals | Disposed |
To see the full case history of Ipg Asia 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.
MSME payment delays
Ipg Asia Private Limited has 13 MSME Form 1 returns on record between 2020 and 2024, listing 479 overdue payments to 70 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 70)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Shah Industrial Traders | |||
| Freight Lines (India) Pvt Ltd |
To see the full MSME payment records of Ipg Asia Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ipg Asia Private Limited has a workforce of 249 employees on its EPFO records as of Jul 30, 2025, across 1 active EPFO establishment.
GST
Ipg Asia has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAFCP9903M1ZX | Daman & Diu | Active | 01 Aug 2020 |
| 26AAFCP9903M2ZW | Daman & Diu | Active | 18 Mar 2025 |
| 06AAFCP9903M1ZZ | Haryana | Active | 31 Dec 2019 |
| 27AAFCP9903M2ZU | Maharashtra | Active | 27 Jul 2022 |
To see the full GST registrations and return filing status of Ipg Asia Private Limited, buy the company report.
Recent activity
Ipg Asia Private Limited has 20 board changes on record since 2016: 5 appointments and 15 cessations. The latest: Emmanuel Gerard Claude Boullay ceased to be Additional Director on 30 Oct 2023.
34 earlier events are in the company report.
Frequently asked questions
Ipg Asia is an active private limited company based in Daman, Daman And Diu, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 02 May 2011 (15+ years old) and is registered under CIN U24110DD2011PTC004695.
Ipg Asia has 5 current directors:
- Mukesh Chandra Mishra - Managing Director
- Emmanuel Gerard Claude Boullay - Director
- Prashant Mahipat Mehta - Director
- Peter Christian Durette - Director
- Jeffrey Richard Crystal - Director
The latest financial statements of Ipg Asia on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ipg Asia is 26AAFCP9903M1ZX, registered in Daman & Diu. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 26AAFCP9903M2ZW (Daman & Diu), 06AAFCP9903M1ZZ (Haryana), 27AAFCP9903M2ZU (Maharashtra).
The CIN (Corporate Identification Number) of Ipg Asia is U24110DD2011PTC004695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipg Asia has 11 court cases on record: 9 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Ipg Asia was incorporated on 02 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Goa.
Ipg Asia has 5 deals on record (5 secondary share transfers); the latest was in November 2018.
Emmanuel Gerard Claude Boullay ceased to be Additional Director on 30 Oct 2023. Peter Christian Durette ceased to be Additional Director on 30 Oct 2023. Prashant Mahipat Mehta ceased to be Additional Director on 30 Oct 2023. Ipg Asia has 20 board changes on record in total.
Ipg Asia has 13 MSME Form 1 returns on record between 2020 and 2024, listing 479 overdue payments to 70 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Ipg Asia can be reached through the website itape.com. Its registered office is in Daman, Daman And Diu, India.
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