Maris Associates Private Limited

Maris Associates Private Limited - packaging in Tuticorin, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U22121TN1987PTC014548 Incorporated 19 June 1987 ROC Chennai HQ Tuticorin, Tamil Nadu, India
Active Private Limited Company packaging MSME · Medium
Data last updated
Revenue · FY 2025
₹130.77 Cr
▲ 8% YoY
Net profit · FY 2025
₹1.52 Cr
Net margin 1.2%
EBITDA · FY 2025
₹4.73 Cr
EBITDA margin 3.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹30.83 Cr
Satisfied ₹212.27 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
1,197
Provident fund records

About Maris Associates Private Limited

Data last updated:

Maris Associates Private Limited is a private limited company based in Tuticorin, Tamil Nadu, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 19 June 1987 and has been in existence for over 39 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U22121TN1987PTC014548. Its GSTIN is 33AAECM8194Q1ZP (Tamil Nadu).

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Marimuthu Velayutham Sivaraman and Hariharan Marimuthu.

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 168 North Cotton Road Tuticorin 628001. Tuticorin 628001., Tamil Nadu, India – 628001.

As per the financials filed for FY 2025, the company reported a revenue of ₹130.77 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.52 Cr (net margin 1.2%) and EBITDA of ₹4.73 Cr (EBITDA margin 3.6%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.

The company has about 1,197 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹30.83 Cr and satisfied charges of ₹212.27 Cr on record. Court records list 17 cases involving the company, including 14 filed by the company and 3 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹2.16 Cr; the latest was in March 2024. Its 8 peer companies in the Packaging industry (Woven 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 Sudarshan Addpack Private Limited with revenue of ₹140.49 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.

Maris Associates Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-26-0001210). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marisfibc.com.

Company details

CIN U22121TN1987PTC014548
Registration Number 014548
Incorporation Date 19 June 1987
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-26-0001210
Key People
Marimuthu Velayutham Sivaraman Director Hariharan Marimuthu Director Srinivasmarimuthu Director

Recognitions & Rankings of Maris Associates

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-TN-26-0001210

Contact details

Maris Associates Private Limited's registered office is in Tuticorin, Tamil Nadu. Its website is marisfibc.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    marisfibc.com
  • Registered Address
    168 North Cotton Road Tuticorin 628001. Tuticorin 628001., Tamil Nadu, India – 628001
  • Industry
    Packaging, Woven Packaging Products

To see the full contact details of Maris Associates Private Limited, buy the company report.

Comprehensive company report
Maris Associates 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 Maris Associates is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Maris Associates Private Limited, buy the company report.

Financials of Maris Associates Private Limited

FY 2025 filings available

Maris Associates Private Limited reported revenue of ₹130.77 Cr (up 8% YoY) for FY 2025.

Revenue · FY 2025
₹130.77 Cr ▲ 8%
Net profit · FY 2025
₹1.52 Cr margin 1.2%
EBITDA · FY 2025
₹4.73 Cr margin 3.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 11%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 27%
3 years · compounded
▼ 41%
5 years · compounded
▼ 23%

Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 27% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹4.73 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.52 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin3.6%
Net Profit Margin1.2%
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 Maris Associates Private Limited, buy the company report.

Board of directors of Maris Associates Private Limited

Maris Associates has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Marimuthu Velayutham Sivaraman
Also directs: Marivel Edipack P Ltd, Avmm Associates Private Limited
Director19 Apr 200224 Years 6 MonthsCurrent
Hariharan Marimuthu
Also directs: Avmm Associates Private Limited, Kamal Healthcare Products Private Limited, Avm Marimuthu Nadar and Sons Private Limited
Director12 Oct 20215 Years 0 MonthsCurrent
Srinivasmarimuthu
Also directs: Marivel Edipack P Ltd, Avmm Associates Private Limited, Kamal Healthcare Products Private Limited and 1 more
Director12 Oct 20215 Years 0 MonthsCurrent
View all directors

Peer comparison

Maris Associates Private Limited is compared with the 8 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sudarshan Addpack Private Limited₹140.49 Cr (FY 2025)-9.0%Silvassa, Dadra and Nagar Haveli, India
Dayana Polyplast Limited₹139.98 Cr (FY 2025)21.0%Kalol, Gujarat, India
Anya Polytech & Fertilizers Limited₹138.47 Cr (FY 2025)11.0%New Delhi, Delhi, India
Aeroflex Neu Limited₹131.39 Cr (FY 2025)18.0%Udaipur, Rajasthan, India
Maris Associates Private Limitedthis company₹130.77 Cr (FY 2025)₹1.52 Cr1.2%8.0%1,197Tuticorin, Tamil Nadu, India
Qualipack Packagings Private Limited₹130.12 Cr (FY 2025)44.0%Dhar, Madhya Pradesh, India
Easthooghly Agro Plantation Private Limited₹129.89 Cr (FY 2025)-39.0%Hooghly, West Bengal, India
Marudhara Polypack Private Limited₹127.25 Cr (FY 2025)10.0%Jodhpur, Rajasthan, India
Rishi Techtex Limited₹125.93 Cr (FY 2025)12.0%Mumbai, Maharashtra, India

To see the full peer comparison of Maris Associates Private Limited, buy the company report.

Auditor

Maris Associates Private Limited is audited by J THOMAS FERNANDO & CO for the financial year 2024.

Auditor firmFinancial yearFirm registration number
J THOMAS FERNANDO & COFY 2024004402S

Shareholding

The shareholding of Maris Associates 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 categoryFY 2024FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Maris Associates Private Limited, buy the company report.

Charges & borrowings

Open charges
₹30.83 Cr
Satisfied charges
₹212.27 Cr
Breakdown by lending institutions
Axis Bank Limited₹30.83 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Aug 2026101383478Axis Bank Limited₹55 LakhOpen
11 Nov 2019100307612Axis Bank Limited₹30.28 CrOpen
20 Nov 2020100391110Axis Bank Limited₹20 LakhSatisfied
24 Aug 2020100365726Axis Bank Limited₹48 LakhSatisfied
04 Mar 2020100351694Hdfc Bank Limited₹34.45 LakhSatisfied

To see the full charge records of Maris Associates Private Limited, buy the company report.

Total charge records: 28 View all charges

Deals & funding

Maris Associates Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹2.16 Cr; the latest was in March 2024.

Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹2.16 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Mar 2024Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Dec 2017Secondary share transferUndisclosedBuyer: 3 individuals
Seller: an individual
Sep 2015Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Mar 2014Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 3 individuals
Feb 2010Funding round₹2.16 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Maris Associates Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)

SupplierAmount dueDue sinceReported on
Konkan Speciality Polyproducts Private Limited

To see the full MSME payment records of Maris Associates Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Maris Associates has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

1
Associated companies

Employees & EPFO

Maris Associates Private Limited has a workforce of 1,197 employees on its EPFO records as of Jan 03, 2025, across 1 active EPFO establishment.

Employee count
1,197
Active EPFO establishments
1
Employee growth
1.53%

GST

Maris Associates has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AAECM8194Q1ZPTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Maris Associates Private Limited, buy the company report.

Recent activity

Maris Associates Private Limited has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Marimuthu Nadar Velayutham Subramanian ceased to be Managing Director on 15 Nov 2023.

Charges
A charge with Axis Bank Limited amounted to Rs. 0.55 Cr with Charge ID 101383478 was registered on 28 Aug 2026.
AGM
Maris Associates Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Maris Associates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 04 Mar 2020 via Charge ID 100351694 with Hdfc Bank Limited was fully satisfied on 10 Mar 2025.
Charges
A charge registered on 24 Aug 2020 via Charge ID 100365726 with Axis Bank Limited was fully satisfied on 20 Mar 2024.
Ceased
Marimuthu Nadar Velayutham Subramanian ceased to be Managing Director.
Charges
A charge registered on 20 Nov 2020 via Charge ID 100391110 with Axis Bank Limited was fully satisfied on 11 Nov 2023.
Charges
A charge with Axis Bank Limited of Rs. 30.28 Cr registered on 11 Nov 2019 with Charge ID 100307612 was modified on 29 Sep 2022.
Charges
A charge registered on 02 Mar 2017 via Charge ID 100086745 with Others was fully satisfied on 25 Apr 2022.
Appointed
Hariharan Marimuthu was appointed as Director.
Appointed
Srinivasmarimuthu was appointed as Director.
Charges
A charge registered on 31 May 2019 via Charge ID 100270560 with Others was fully satisfied on 04 Aug 2021.

55 earlier events are in the company report.

Frequently asked questions

Maris Associates is an active private limited company based in Tuticorin, Tamil Nadu, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 19 June 1987 (39+ years old) and is registered under CIN U22121TN1987PTC014548.

Maris Associates has 3 current directors:

The latest financial statements of Maris Associates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Maris Associates is 33AAECM8194Q1ZP, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of Maris Associates is U22121TN1987PTC014548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Maris Associates has 17 court cases on record: 14 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.

Maris Associates was incorporated on 19 June 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chennai.

Maris Associates has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹2.16 Cr; the latest was in March 2024.

The peers of Maris Associates by revenue are Sudarshan Addpack Private Limited, Dayana Polyplast Limited, Anya Polytech & Fertilizers Limited, Aeroflex Neu Limited, Qualipack Packagings Private Limited and 3 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).

Marimuthu Nadar Velayutham Subramanian ceased to be Managing Director on 15 Nov 2023. Hariharan Marimuthu was appointed as Director on 12 Oct 2021. Srinivasmarimuthu was appointed as Director on 12 Oct 2021. Maris Associates has 4 board changes on record in total.

Yes, Maris Associates is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-26-0001210).

Maris Associates has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.