MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-OD-07-0005087
Jagannath Plastipacks Limited - packaging in Jagatpur, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹10.35 Cr
▼ 44% YoY
Net profit · FY 2023
₹8.69 Lakh
Net margin 0.8%
EBITDA · FY 2023
₹1.21 Cr
EBITDA margin 11.7%
Authorised capital
₹3.8 Cr
Registered with MCA
Paid-up capital
₹3.69 Cr
Issued & subscribed
Open charges
₹33.11 Cr
Satisfied ₹32.45 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
6
Provident fund records
About Jagannath Plastipacks Limited
Data last updated:
Jagannath Plastipacks Limited is a public limited company based in Jagatpur, Odisha, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 24 April 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U25209OR1984PLC001339. Its GSTIN is 21AAACJ7430J1ZU (Odisha).
The company has an authorised share capital of ₹3.8 Cr and a paid-up capital of ₹3.69 Cr. It is led by directors including Kshirod Kumar Subudhi (Managing Director) and Sourav Sekhar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Idco Plot No.64 & 65 Gopinathpur Mouza Champati Grampanchayat, Jagatpur, Odisha, India – 754021.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.35 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹8.69 Lakh (net margin 0.8%) and EBITDA of ₹1.21 Cr (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹33.11 Cr and satisfied charges of ₹32.45 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 2 cases are pending.
Jagannath Plastipacks Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-07-0005087). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jagannathgroup.com.
Company details
CIN U25209OR1984PLC001339
Registration Number 001339
Incorporation Date 24 April 1984
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-OD-07-0005087
CIN history
Jagannath Plastipacks has one previous CIN (Corporate Identification Number): U25209OR1984PTC001339. The current CIN is U25209OR1984PLC001339, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209OR1984PLC001339 | Current |
| U25209OR1984PTC001339 | Previous |
Key People
Kshirod Kumar Subudhi Managing Director Sourav Sekhar Director Manoj Kumar Subudhi Director Recognitions & Rankings of Jagannath Plastipacks
Contact details
Jagannath Plastipacks Limited's registered office is in Jagatpur, Odisha. Its website is jagannathgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressIdco Plot No.64 & 65 Gopinathpur Mouza Champati Grampanchayat, Jagatpur, Odisha, India – 754021
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Jagannath Plastipacks Limited, buy the company report.
Comprehensive company report
Jagannath Plastipacks 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 activity of Jagannath Plastipacks 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 Jagannath Plastipacks Limited, buy the company report.
Financials of Jagannath Plastipacks Limited
FY 2024 filings availableJagannath Plastipacks Limited reported revenue of ₹10.35 Cr (down 44% YoY) for FY 2023.
Revenue · FY 2023
₹10.35 Cr ▼ 44%
Net profit · FY 2023
₹8.69 Lakh margin 0.8%
EBITDA · FY 2023
₹1.21 Cr margin 11.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 4%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 7%
5 years · compounded
▲ 1%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 44% fall in the latest year. EBITDA rose 12% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.69 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Jagannath Plastipacks Limited, buy the company report.
Board of directors of Jagannath Plastipacks Limited
Jagannath Plastipacks has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourav Sekhar Also directs: Jagannath Polypacks Limited, Jagannath Polymers Limited | Director | 30 Sep 2019 | 7 Years 1 Months | Current |
| Kshirod Kumar Subudhi Also directs: Jagannath Polypacks Limited, Jagannath Polymers Limited | Managing Director | 24 Apr 1984 | 42 Years 6 Months | Current |
| Manoj Kumar Subudhi Also directs: Jagannath Polypacks Limited, Jagannath Polymers Limited | Director | 24 Apr 1984 | 42 Years 6 Months | Current |
Peer comparison
Jagannath Plastipacks Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naredi Polypack Private Limited | ₹10.69 Cr (FY 2024) | 1.0% | Nimbahera, Rajasthan, India | |||
| Natgen Plastomer Private Limited | ₹10.45 Cr (FY 2025) | 36.0% | Kotda, Gujarat, India | |||
| Jagannath Plastipacks Limitedthis company | ₹10.35 Cr (FY 2023) | ₹8.69 Lakh | 0.8% | -44.0% | 6 | Jagatpur, Odisha, India |
| Shrihari Woven Sacks India Private Limited | ₹10.05 Cr (FY 2025) | -8.0% | Palladam, Tamil Nadu, India | |||
| Maruthi Polymers (India) Private Limited | ₹10.01 Cr (FY 2024) | -35.0% | Pudukkpttai, Tamil Nadu, India | |||
| Punjab Plastofab Pvt Ltd | ₹10 Cr (FY 2025) | -6.0% | Jalandhar, Punjab, India | |||
| M. M. Leno Industries Private Limited | ₹9.99 Cr (FY 2025) | 41.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Jagannath Plastipacks Limited, buy the company report.
Auditor
Jagannath Plastipacks Limited is audited by B.N MISHRA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.N MISHRA & CO. | FY 2022 | 321095E |
Shareholding
The shareholding of Jagannath Plastipacks Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jagannath Plastipacks Limited, buy the company report.
Charges & borrowings
Open charges
₹33.11 Cr
Satisfied charges
₹32.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2019 | 100288236 | Canara Bank | ₹11.11 Cr | Open | |
| 29 Dec 2014 | 10545250 | Others | ₹15.28 Cr | Open | |
| 29 Dec 2014 | 10545251 | Others | ₹6.72 Cr | Open | |
| 29 Dec 2014 | 10545345 | Canara Bank | ₹6 Cr | Satisfied | |
| 26 Mar 2013 | 10421329 | Central Bank of India | ₹4.19 Cr | Satisfied |
To see the full charge records of Jagannath Plastipacks Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Jagannath Plastipacks Limited has 8 court cases on record: 1 filed by Jagannath Plastipacks, 7 filed against it. 2 cases are pending and 6 are disposed.
Total cases
8
Filed by the company
1
Filed against the company
7
Pending
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Prabhupoly Colorltd | Pending |
| District court, Nagpur, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S Superpack (A Division of Bajaj Steel Industries Ltd.) | Pending |
| High Court of Orissa | Writ petition | Filed against the company | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Kotak Mahindra Bank | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against Orissa Industrial Infrastructure Development Corporation and 3 others | Disposed |
To see the full case history of Jagannath Plastipacks 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
Jagannath Plastipacks Limited was last rated by Care on 28 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Sep 2021 |
To see the full credit ratings and regulatory alerts of Jagannath Plastipacks Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jagannath Plastipacks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jagannath Plastipacks Limited has a workforce of 6 employees on its EPFO records as of Aug 2025, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 6 |
| 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 Jagannath Plastipacks Limited, buy the company report.
GST
Jagannath Plastipacks has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACJ7430J1ZU | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jagannath Plastipacks Limited, buy the company report.
Recent activity
Jagannath Plastipacks Limited has 11 board changes on record since 1984: 3 appointments and 8 cessations. The latest: Sourav Sekhar was appointed as Director on 30 Sep 2019.
AGM
Jagannath Plastipacks Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Jagannath Plastipacks Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Charges
A charge with Canara Bank of Rs. 11.11 Cr registered on 30 Jul 2019 with Charge ID 100288236 was modified on 03 Sep 2022.
Charges
A charge with Others of Rs. 15.28 Cr registered on 29 Dec 2014 with Charge ID 10545250 was modified on 09 Aug 2022.
Charges
A charge with Others of Rs. 6.72 Cr registered on 29 Dec 2014 with Charge ID 10545251 was modified on 09 Aug 2022.
Charges
A charge registered on 29 Dec 2014 via Charge ID 10545345 with Canara Bank was fully satisfied on 24 Jul 2020.
Appointed
Sourav Sekhar was appointed as Director.
Ceased
Saroj Kumar Subudhi ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 11.11 Cr with Charge ID 100288236 was registered on 30 Jul 2019.
Ceased
Kshirod Kumar Subudhi ceased to be Director.
Ceased
Manoj Kumar Subudhi ceased to be Managing Director.
Ceased
Adit Suman ceased to be Director.
27 earlier events are in the company report.
Frequently asked questions
Jagannath Plastipacks is an active public limited company based in Jagatpur, Odisha, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 24 April 1984 (42+ years old) and is registered under CIN U25209OR1984PLC001339.
Jagannath Plastipacks has 3 current directors:
- Kshirod Kumar Subudhi - Managing Director
- Sourav Sekhar - Director
- Manoj Kumar Subudhi - Director
The latest financial statements of Jagannath Plastipacks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Jagannath Plastipacks is 21AAACJ7430J1ZU, registered in Odisha.
The CIN (Corporate Identification Number) of Jagannath Plastipacks is U25209OR1984PLC001339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagannath Plastipacks has 8 court cases on record: 1 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Jagannath Plastipacks was incorporated on 24 April 1984, making it 42+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Jagannath Plastipacks by revenue are Naredi Polypack Private Limited, Natgen Plastomer Private Limited, Shrihari Woven Sacks India Private Limited, Maruthi Polymers (India) Private Limited, Punjab Plastofab Pvt Ltd and 1 more, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sourav Sekhar was appointed as Director on 30 Sep 2019. Saroj Kumar Subudhi ceased to be Director on 01 Sep 2019. Kshirod Kumar Subudhi ceased to be Director on 10 Feb 2016. Jagannath Plastipacks has 11 board changes on record in total.
Yes, Jagannath Plastipacks is registered as a small enterprise under Udyam registration (number: UDYAM-OD-07-0005087).
Jagannath Plastipacks can be reached through the website jagannathgroup.com. Its registered office is in Jagatpur, Odisha, India.
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