About K-Flex India Private Limited
Data last updated:
K-Flex India Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of L Isonalte K Flex Spa. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 16 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25119PN2005PTC021311. Its GSTIN is 27AABCE5416A1Z7 (Maharashtra).
The company has an authorised share capital of ₹110 Cr and a paid-up capital of ₹68.33 Cr. It was formerly known as Easyflex Insulation Pvt Ltd. It is led by directors including Amedeo Spinelli and Giuseppe Biava.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 707 708 Sohrab Hall G Wing, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2024, the company reported a revenue of ₹143.08 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹8.63 Cr (net margin 6%) and EBITDA of ₹25.91 Cr (EBITDA margin 18.1%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company has about 126 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: K-Flex. As per MCA filings, the company has open charges of ₹108.87 Cr and satisfied charges of ₹13 Cr on record. Court records list 63 cases involving the company, including 57 filed by the company and 6 filed against it; 41 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹84.55 Cr; the latest was in September 2013. Its 8 peer companies in the Manufacturing industry (Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Midas Rubber Pvt Ltd with revenue of ₹150.34 Cr. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 246 overdue payments to 47 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 kflex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address707 708 Sohrab Hall G Wing, Pune, Maharashtra, India – 411001
- IndustryManufacturing, Rubber-Based Products
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of K-Flex India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of K-Flex India Private Limited
FY 2024 filings availableK-Flex India Private Limited reported revenue of ₹143.08 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 11% growth in the latest year. EBITDA rose 123% 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹143.08 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹25.91 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹8.63 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 18.1% | |
| Net Profit Margin | 6% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2019-20 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of K-Flex India are in the company report.
: available in the company report
Board of Directors of K-Flex India Private Limited
K-Flex India has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amedeo Spinelli | Director | 12 May 2009 | 17 Years 5 Months | Current |
| Giuseppe Biava | Director | 12 May 2009 | 17 Years 5 Months | Current |
| Poonampanjumal Dhamecha Also directs: Aparlan India Private Limited | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Carlo Spinelli | Director | 23 Jan 2006 | 20 Years 8 Months | Current |
Peer Comparison
K-Flex India Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Midas Rubber Pvt Ltd | ₹150.34 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kottayam, Kerala, India |
| TRP Sealing Systems (India) Private Limited | ₹147.74 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Pune, Maharashtra, India |
| Ten On Ten Rubtech Private Limited | ₹147.51 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Gurgaon, Haryana, India |
| Eureka Conveyor Beltings Limited | ₹144.41 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Kota, Rajasthan, India |
| K-Flex India Private Limited this company | ₹143.08 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Prime India Polymix Private Limited | ₹139.75 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Sagar Rubber Products Private Limited | ₹138.35 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gidc Ii, Gujarat, India |
| Golden Rolls Private Limited | ₹127.21 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Karanja Industries Private Limited | ₹123.95 Cr (FY 2023) | •••• | •••• | 3.0% | •••• | Bidar, Karnataka, India |
Peers are the companies nearest to K-Flex India by revenue, above and below it, in the Manufacturing industry (Rubber Based 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
K-Flex India Private Limited is audited by A .M . Awati & Co for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A .M . Awati & Co | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2025 | Hdfc Bank Limited | ₹3 Cr | Open |
| 19 Aug 2025 | Hdfc Bank Limited | ₹15 Cr | Open |
| 21 Oct 2021 | Hdfc Bank Limited | ₹2.21 Cr | Open |
| 26 Mar 2021 | Hdfc Bank Limited | ₹2.21 Cr | Open |
| 25 Apr 2017 | Hdfc Bank Limited | ₹50 Cr | Open |
Total charge records: 11 View all charges
Deals & Funding
K-Flex India Private Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹84.55 Cr; the latest was in September 2013.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2013 | Funding round | ₹77.64 Cr | Investors: 2 individuals |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Gulf Investment Private Limited |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Gulf Investment Private Limited |
| Mar 2012 | Funding round | ₹1.92 Cr | Investors: an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Gulf Investment Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
K-Flex India Private Limited has 63 court cases on record: 57 filed by K-Flex India, 6 filed against it. 41 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 6 | 41 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 63)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Sterling and Wilson Pvt. Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against P T Shipping Pvt. Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Nudyna Engineers Pvt. Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Fablab Engineering India Pvt.Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Garden Reach Shipbuilders and Engineers Ltd. | Pending |
: available in 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
K-Flex India Private Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 246 overdue payments to 47 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 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
K-Flex India Private Limited has a workforce of 126 employees as of Jan 15, 2026.
: available in the company report
Recent Activity
K-Flex India Private Limited has 13 board changes on record since 2006: 4 appointments and 9 cessations. The latest: Poonampanjumal Dhamecha ceased to be Additional Director on 08 Mar 2023.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
K-Flex India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE5416A1Z7 | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
K-Flex India is an active private limited company based in Pune, Maharashtra, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 16 September 2005 (21+ years old) and is registered under CIN U25119PN2005PTC021311.
K-Flex India has 4 current directors:
- Amedeo Spinelli - Director
- Giuseppe Biava - Director
- Poonampanjumal Dhamecha - Director
- Carlo Spinelli - Director
The latest financial statements of K-Flex India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of K-Flex India is 27AABCE5416A1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of K-Flex India is U25119PN2005PTC021311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
K-Flex India has 63 court cases on record: 57 filed by the company and 6 filed against it. 41 are pending. Most are in the district courts.
K-Flex India was incorporated on 16 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
K-Flex India has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹84.55 Cr; the latest was in September 2013.
The peers of K-Flex India by revenue are Midas Rubber Pvt Ltd, TRP Sealing Systems (India) Private Limited, Ten On Ten Rubtech Private Limited, Eureka Conveyor Beltings Limited, Prime India Polymix Private Limited and 3 more, all in the Manufacturing industry (Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Poonampanjumal Dhamecha ceased to be Additional Director on 08 Mar 2023. Poonampanjumal Dhamecha was appointed as Director on 13 Jun 2022. Triviyan Kumar Kalra ceased to be Director on 12 Jun 2022. K-Flex India has 13 board changes on record in total.
K-Flex India has 5 MSME Form 1 returns on record between 2023 and 2024, listing 246 overdue payments to 47 micro and small suppliers. The latest return was filed on 30 Apr 2024.
K-Flex India can be reached through the website kflex.com. Its registered office is in Pune, Maharashtra, India.