MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0001681
Makers Polyfilms Private Limited - packaging in Dungri, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹79.97 Cr
▲ 43% YoY
Net profit · FY 2025
₹8.64 Cr
Net margin 10.8%
EBITDA · FY 2025
₹16.71 Cr
EBITDA margin 20.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹76.27 Lakh
Issued & subscribed
Open charges
₹20.41 Cr
Satisfied ₹13.84 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
26
Provident fund records
About Makers Polyfilms Private Limited
Data last updated:
Makers Polyfilms Private Limited is a private limited company based in Dungri, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 06 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28113GJ1999PTC035950. Its GSTIN is 24AABCM9233F1ZO (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹76.27 Lakh. It is led by directors including Piyushkumar Navinchandra Naik and Anand Ashok Desai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No.1509 B/H Ascent Meditech Ltd Opp:Geb Sub Station Kundi Dungri Road Dungri Off., N.H. – 48, Gujarat, India – 396375.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.97 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹8.64 Cr (net margin 10.8%) and EBITDA of ₹16.71 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 18% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.41 Cr and satisfied charges of ₹13.84 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.18 Cr; the latest was in December 2022. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 799 overdue payments to 37 micro and small suppliers.
Makers Polyfilms Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0001681). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shrinklabels.com.
Company details
CIN U28113GJ1999PTC035950
Registration Number 035950
Incorporation Date 06 May 1999
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0001681
Key People
Pravin Gopalkrishnan Ceo Piyushkumar Navinchandra Naik Director Anand Ashok Desai Director Recognitions & Rankings of Makers Polyfilms
Contact details
Makers Polyfilms Private Limited's registered office is in Dungri, Gujarat. Its website is shrinklabels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No.1509 B/H Ascent Meditech Ltd Opp:Geb Sub Station Kundi Dungri Road Dungri Off., N.H. – 48, Gujarat, India – 396375
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Makers Polyfilms Private Limited, buy the company report.
Comprehensive company report
Makers Polyfilms 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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Business activity
The main business activity of Makers Polyfilms is manufacturing. In detail, this covers printing, reproduction of recorded media.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C4 | Printing, reproduction of recorded media |
To see the full business activity and turnover split of Makers Polyfilms Private Limited, buy the company report.
Financials of Makers Polyfilms Private Limited
FY 2025 filings availableMakers Polyfilms Private Limited reported revenue of ₹79.97 Cr (up 43% YoY) for FY 2025.
Revenue · FY 2025
₹79.97 Cr ▲ 43%
Net profit · FY 2025
₹8.64 Cr margin 10.8%
EBITDA · FY 2025
₹16.71 Cr margin 20.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 20%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 46%
5 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 43% growth in the latest year. EBITDA rose 70% 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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| Total Expenses | |||||
| EBITDA | ₹16.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.64 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 | 20.9% | ||||
| Net Profit Margin | 10.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Makers Polyfilms Private Limited, buy the company report.
Board of directors and KMP of Makers Polyfilms Private Limited
Makers Polyfilms Private Limited currently reports 4 directors and 1 key managerial person. 5 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Navinchandra Naik | Director | 16 Aug 2010 | 16 Years 2 Months | Current |
| Anand Ashok Desai Also directs: Sun Imprints LLP | Director | 06 May 1999 | 27 Years 5 Months | Current |
| Jitendra Balubhai Desai | Director | 09 Apr 2003 | 23 Years 6 Months | Current |
| Pravin Gopalkrishnan | Ceo | 21 Mar 2022 | 4 Years 7 Months | Current |
| Mandeep Inderjeet Chabba Also directs: Solflicks Filmworks Private Limited | Additional Director | 01 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Makers Polyfilms Private Limited is audited by R J DESAI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R J DESAI & CO. | FY 2023 | 123498W |
Shareholding
The shareholding of Makers Polyfilms 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Makers Polyfilms Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.41 Cr
Satisfied charges
₹13.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2017 | 100113061 | Hdfc Bank Limited | ₹20.41 Cr | Open | |
| 24 Oct 2018 | 100239905 | Others | ₹25 Lakh | Satisfied | |
| 07 Aug 2015 | 10591250 | Axis Bank Limited | ₹5.69 Cr | Satisfied | |
| 28 Jan 2008 | 10095973 | State Bank of India | ₹2.51 Cr | Satisfied | |
| 16 Mar 2001 | 80032108 | State Bank of India | ₹2.7 Cr | Satisfied |
To see the full charge records of Makers Polyfilms Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Makers Polyfilms Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.18 Cr; the latest was in December 2022.
Total deals
8
Secondary share transfers
6
Funding rounds
2
Disclosed funding
₹2.18 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: AMD Consultancy Service LLP, 2 individuals Seller: an individual |
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Rohit B Desai HUF, Ashok B Desai HUF Seller: 2 individuals |
To see the full deal history of Makers Polyfilms Private 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
Makers Polyfilms Private Limited has 3 court cases on record: 1 filed by Makers Polyfilms, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Manpasand Beverages Limited | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Manpasand Beverages Ltd. | Disposed |
| Supreme Court | Court case | Filed against the company by Manpasand Beverages Ltd. | Disposed |
To see the full case history of Makers Polyfilms 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
Makers Polyfilms Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 799 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Image Gravures | |||
| Technomec Roll Manufacturing Company Private Limited | |||
| Reliant Multi Pack India Private Limited | |||
| an individual supplier | |||
| J. B. Packaging |
To see the full MSME payment records of Makers Polyfilms Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Makers Polyfilms Private Limited has a workforce of 26 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-3.7%
GST
Makers Polyfilms has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM9233F1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Makers Polyfilms Private Limited, buy the company report.
Recent activity
Makers Polyfilms Private Limited has 10 board changes on record since 1999: 5 appointments and 5 cessations. The latest: Mandeep Inderjeet Chabba was appointed as Additional Director on 01 Nov 2025.
Appointed
Mandeep Inderjeet Chabba was appointed as Additional Director.
AGM
Makers Polyfilms Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Makers Polyfilms Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 20.41 Cr registered on 18 May 2017 with Charge ID 100113061 was modified on 11 Mar 2025.
Appointed
Pravin Gopalkrishnan was appointed as CEO.
Ceased
Piyushkumar Navinchandra Naik ceased to be Ceo(Kmp).
Charges
A charge registered on 24 Oct 2018 via Charge ID 100239905 with Others was fully satisfied on 06 Dec 2021.
Ceased
Mahendra Balvantrai Desai ceased to be Additional Director.
Ceased
Anand Ashok Desai ceased to be Managing Director.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100239905 was registered on 24 Oct 2018.
Charges
A charge registered on 07 Aug 2015 via Charge ID 10591250 with Axis Bank Limited was fully satisfied on 01 Jun 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.41 Cr with Charge ID 100113061 was registered on 18 May 2017.
17 earlier events are in the company report.
Frequently asked questions
Makers Polyfilms is an active private limited company based in Dungri, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 06 May 1999 (27+ years old) and is registered under CIN U28113GJ1999PTC035950.
Makers Polyfilms has 5 current directors and KMP:
- Piyushkumar Navinchandra Naik - Director
- Anand Ashok Desai - Director
- Jitendra Balubhai Desai - Director
- Mandeep Inderjeet Chabba - Additional Director
- Pravin Gopalkrishnan - Ceo
The latest financial statements of Makers Polyfilms on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Makers Polyfilms is 24AABCM9233F1ZO, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Makers Polyfilms is U28113GJ1999PTC035950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Makers Polyfilms has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the supreme court.
Makers Polyfilms was incorporated on 06 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Makers Polyfilms has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2.18 Cr; the latest was in December 2022.
Mandeep Inderjeet Chabba was appointed as Additional Director on 01 Nov 2025. Pravin Gopalkrishnan was appointed as CEO on 21 Mar 2022. Piyushkumar Navinchandra Naik ceased to be Ceo(Kmp) on 15 Mar 2022. Makers Polyfilms has 10 board changes on record in total.
Yes, Makers Polyfilms is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0001681).
Makers Polyfilms has 14 MSME Form 1 returns on record between 2019 and 2023, listing 799 overdue payments to 37 micro and small suppliers. The latest return was filed on 16 Nov 2023.