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About Mahika Packaging (India) Limited
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Mahika Packaging (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 29 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74950MH2005PLC158451. Its GSTIN is 27AAECM5420F2ZP (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Amit Sushil Gupta (Managing Director) and Sumit Sushil Gupta (Whole-Time Director).
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 210 Quantum Tower 2nd Floor Rambaug Lane Off S.V. Road Chincholi Malad (West), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹97.33 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹6.58 Cr (net margin 6.8%) and EBITDA of ₹31.68 Cr (EBITDA margin 32.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 18% over five years.
The company has about 139 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahika Packaging. As per MCA filings, the company has open charges of ₹68.53 Cr and satisfied charges of ₹58.7 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 4 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹5.29 Cr; the latest was in December 2022. Its 6 peer companies in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Apple Flexipack Private Limited with revenue of ₹100.79 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2024, listing 327 overdue payments to 23 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 mahikapack.com.
Company details
CIN history
Mahika Packaging (India) has one previous CIN (Corporate Identification Number): U74950MH2005PTC158451. The current CIN is U74950MH2005PLC158451, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74950MH2005PLC158451 | Current |
| U74950MH2005PTC158451 | Previous |
Contact details
Mahika Packaging (India) Limited's registered office is in Mumbai, Maharashtra. Its website is mahikapack.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address210 Quantum Tower 2nd Floor Rambaug Lane Off S.V. Road Chincholi Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Mahika Packaging (India) 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
Brands
Mahika Packaging (India) operates one associated brand: Mahika Packaging. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Plastic packaging manufacturing and services for personal care, healthcare, household, and chemical sectors. | mahikapack.com |
Business activity
The main business activity of Mahika Packaging (India) 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 Mahika Packaging (India) Limited, buy the company report.
Financials of Mahika Packaging (India) Limited
FY 2024 filings availableMahika Packaging (India) Limited reported revenue of ₹97.33 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 17% growth in the latest year. EBITDA rose 14% 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 | ₹31.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.58 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.5% | ||||
| Net Profit Margin | 6.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Mahika Packaging (India) Limited, buy the company report.
Board of directors of Mahika Packaging (India) Limited
Mahika Packaging (India) has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunjan Parun Mehra | Director | 18 Mar 2021 | 5 Years 7 Months | Current |
| Amit Sushil Gupta Also directs: Titiksha Foundation | Managing Director | 29 Dec 2005 | 20 Years 9 Months | Current |
| Sushil Brijlal Gupta | Director | 29 Dec 2005 | 20 Years 9 Months | Current |
| Sumit Sushil Gupta Also directs: Titiksha Foundation | Whole-Time Director | 29 Dec 2005 | 20 Years 9 Months | Current |
Peer comparison
Mahika Packaging (India) Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Industrial Packaging), 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 |
|---|---|---|---|---|---|---|
| Apple Flexipack Private Limited | ₹100.79 Cr (FY 2025) | 38.0% | Indore, Madhya Pradesh, India | |||
| Stokvis Prostick Tapes Private Limited | ₹99.99 Cr (FY 2025) | 18.0% | Pune, Maharashtra, India | |||
| Mahika Packaging (India) Limitedthis company | ₹97.33 Cr (FY 2025) | ₹6.58 Cr | 6.8% | 17.0% | 139 | Mumbai, Maharashtra, India |
| Jr Jindal Infraprojects Private Limited | ₹97.25 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Topsack Packaging Private Limited | ₹96.25 Cr (FY 2025) | 38.0% | Bangalore, Karnataka, India | |||
| S.S.Flexipack Pvt Ltd | ₹96.04 Cr (FY 2025) | 12.0% | Raipur, Chhattisgarh, India | |||
| Apu Packaging India Private Limited | ₹95.87 Cr (FY 2025) | 28.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mahika Packaging (India) Limited, buy the company report.
Auditor
Mahika Packaging (India) Limited is audited by Amish. S .Sangoi & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Amish. S .Sangoi & Co. | FY 2024 | 0132656W |
Shareholding
The shareholding of Mahika Packaging (India) 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 Mahika Packaging (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 2025 | 101080789 | Axis Bank Limited | ₹42 Lakh | Open | |
| 04 Apr 2025 | 101080786 | Axis Bank Limited | ₹42 Lakh | Open | |
| 21 Oct 2024 | 101026532 | Others | ₹12.36 Cr | Open | |
| 21 Oct 2024 | 101026529 | Others | ₹11.61 Cr | Open | |
| 24 Sep 2024 | 100982008 | Indian Bank | ₹2.5 Cr | Open |
To see the full charge records of Mahika Packaging (India) Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Mahika Packaging (India) Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹5.29 Cr; the latest was in December 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Sushil Gupta Huf, 3 individuals Seller: Sunil Construction, 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2014 | Funding round | ₹5.29 Cr | Investors: 4 individuals |
To see the full deal history of Mahika Packaging (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahika Packaging (India) Limited has 7 court cases on record: 5 filed by Mahika Packaging (India), 2 filed against it. 4 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 4 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed by the company against Bio Veda Farmacy Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed by the company against Bio Veda Farmacy Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Bio Veda Farmacy Pvt Ltd and 8 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against SKCC Personal Care Pvt Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Ing Vysya Bank Ltd. | Disposed |
To see the full case history of Mahika Packaging (India) 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
Mahika Packaging (India) Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 327 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aardem Polymer | |||
| an individual supplier | |||
| Jash Enterprise | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mahika Packaging (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahika Packaging (India) Limited has a workforce of 139 employees on its EPFO records as of Feb 05, 2025, across 2 active EPFO establishments.
GST
Mahika Packaging (India) has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM5420F2ZP | Maharashtra | Active | 11 Apr 2019 |
| 24AAECM5420F1ZW | Gujarat | Active | 22 Jan 2018 |
| 26AAECM5420F1ZS | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Mahika Packaging (India) Limited, buy the company report.
Recent activity
Mahika Packaging (India) Limited has 9 board changes on record since 2005: 4 appointments and 5 cessations. The latest: Gunjan Parun Mehra ceased to be Additional Director on 30 Nov 2021.
42 earlier events are in the company report.
Frequently asked questions
Mahika Packaging (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 29 December 2005 (21+ years old) and is registered under CIN U74950MH2005PLC158451.
Mahika Packaging (India) has 4 current directors:
- Amit Sushil Gupta - Managing Director
- Sumit Sushil Gupta - Whole-Time Director
- Gunjan Parun Mehra - Director
- Sushil Brijlal Gupta - Director
The latest financial statements of Mahika Packaging (India) 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 Mahika Packaging (India) is 27AAECM5420F2ZP, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAECM5420F1ZW (Gujarat), 26AAECM5420F1ZS (Daman & Diu).
The CIN (Corporate Identification Number) of Mahika Packaging (India) is U74950MH2005PLC158451. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahika Packaging (India) has 7 court cases on record: 5 filed by the company and 2 filed against it. 4 are pending.
Mahika Packaging (India) was incorporated on 29 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahika Packaging (India) has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹5.29 Cr; the latest was in December 2022.
The peers of Mahika Packaging (India) by revenue are Apple Flexipack Private Limited, Stokvis Prostick Tapes Private Limited, Jr Jindal Infraprojects Private Limited, Topsack Packaging Private Limited, S.S.Flexipack Pvt Ltd and 1 more, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Gunjan Parun Mehra ceased to be Additional Director on 30 Nov 2021. Tapankumar Banerjee ceased to be Additional Director on 30 Nov 2021. Gunjan Parun Mehra was appointed as Director on 18 Mar 2021. Mahika Packaging (India) has 9 board changes on record in total.
Mahika Packaging (India) has 9 MSME Form 1 returns on record between 2021 and 2024, listing 327 overdue payments to 23 micro and small suppliers. The latest return was filed on 24 Apr 2024.
Mahika Packaging (India) can be reached through the website mahikapack.com. Its registered office is in Mumbai, Maharashtra, India.