About Milan Decor Private Limited
Data last updated:
Milan Decor Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Milan Plast Pvt Ltd. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 22 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74994MH2005PTC156253. Its GSTIN is 26AAECM4560C1ZR (Dadra and Nagar Haveli and Daman and Diu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Padamshi Madan Shah and Vipul Padamshi Shah.
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 B – 16 Nand Bhuvan Indl.Est. Mahakali Caves Rd Andheri E Mumbai – 93, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.41 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹98.12 Lakh (net margin 5.3%) and EBITDA of ₹3.95 Cr (EBITDA margin 21.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.4 Cr and satisfied charges of ₹27.47 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milanindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – 16 Nand Bhuvan Indl.Est. Mahakali Caves Rd Andheri E Mumbai – 93, Maharashtra, India – 400093
- IndustryPackaging, Industrial Packaging Solutions
- 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 of Milan Decor Private Limited
The main business activity of Milan Decor 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
Verified entity values are shown only after access is granted.
Financials of Milan Decor Private Limited FY 2024 filings available
Milan Decor Private Limited reported revenue of ₹18.41 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Milan Decor Private Limited
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 23% 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 of Milan Decor Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹3.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹98.12 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 of Milan Decor Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.3% | •••• | •••• | •••• | •••• |
| 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 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 Milan Decor are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Milan Decor Private Limited
Milan Decor Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Industrial Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alvi Packaging Industries Private Limited | ₹18.66 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Jagdishpur, Uttar Pradesh, India |
| County Polypack Private Limited | ₹18.55 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Aastha Fine Packaging Private Limited | ₹18.53 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Patna, Bihar, India |
| Shiba Containers Private Limited | ₹18.49 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Ace Polybond Private Limited | ₹18.43 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Nashik, Maharashtra, India |
| Milan Decor Private Limited this company | ₹18.41 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Rathi Packaging Private Limited | ₹18.38 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Ahmedabad, Gujarat, India |
| Av Super Packaging Private Limited | ₹18.38 Cr (FY 2024) | •••• | •••• | •••• | Faridabad, Haryana, India | |
| VKB Enterprises Private Limited | ₹18.34 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Chennai, Tamil Nadu, India |
| Nine Packaging Private Limited | ₹18.31 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Krsna Packaging Private Limited | ₹18.22 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Milan Decor by revenue in the Packaging industry (Industrial Packaging), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Milan Decor Private Limited
Milan Decor Private Limited is audited by HSMP & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HSMP & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Milan Decor Private Limited
Milan Decor has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padamshi Madan Shah Also directs: Milan Plast Private Limited | Director | 22 Sep 2005 | 21 Years 0 Months | Current |
| Vipul Padamshi Shah Also directs: Milan Plast Private Limited | Director | 22 Sep 2005 | 21 Years 0 Months | Current |
| Praful Padamshi Shah Also directs: Milan Plast Private Limited | Director | 22 Sep 2005 | 21 Years 0 Months | Current |
Ownership and Shareholding of Milan Decor Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Milan Decor Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Feb 2023 | Hdfc Bank Limited | ₹4.2 Cr | Open |
| 13 Sep 2022 | Hdfc Bank Limited | ₹6.4 Cr | Open |
| 19 Jan 2018 | Hdfc Bank Limited | ₹5.6 Cr | Open |
| 07 Apr 2017 | Hdfc Bank Limited | ₹2 Cr | Open |
| 07 Apr 2017 | Hdfc Bank Limited | ₹2.2 Cr | Open |
Total charge records: 10 View all charges
Legal Cases of Milan Decor Private Limited
Milan Decor Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 03 Oct 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax-10 Mumbai | Disposed |
| Supreme Court | Appeal | Filed against the company by Commissioner of Income Tax | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Milan Decor Private Limited
Milan Decor Private Limited has a workforce of 62 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Milan Decor Private Limited
Milan Decor Private Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Maniben Padamshi Shah ceased to be Director on 10 Jul 2012.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Milan Decor Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Milan Decor Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Milan Decor Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Milan Decor Private Limited
Milan Decor has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAECM4560C1ZR | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Aug 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Milan Decor Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Milan Decor Private Limited
Milan Decor is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 22 September 2005 (21+ years old) and is registered under CIN U74994MH2005PTC156253.
Milan Decor reported revenue of ₹18.41 Cr for FY 2025 (down 8% YoY).
Milan Decor has 3 current directors:
- Padamshi Madan Shah - Director
- Vipul Padamshi Shah - Director
- Praful Padamshi Shah - Director
Milan Decor reported a net profit of ₹98.12 Lakh (net margin 5.3%) and EBITDA of ₹3.95 Cr (EBITDA margin 21.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Milan Decor is 2% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Milan Decor is 26AAECM4560C1ZR, registered in Dadra and Nagar Haveli and Daman and Diu. 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 Milan Decor is U74994MH2005PTC156253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milan Decor has 2 court cases on record: 2 filed against it. Most are in the supreme court.
Milan Decor was incorporated on 22 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Milan Decor by revenue are Alvi Packaging Industries Private Limited, County Polypack Private Limited, Aastha Fine Packaging Private Limited, Shiba Containers Private Limited, Ace Polybond Private Limited and 5 more, all in the Packaging industry (Industrial Packaging).
Maniben Padamshi Shah ceased to be Director on 10 Jul 2012. Padamshi Madan Shah was appointed as Director on 22 Sep 2005. Praful Padamshi Shah was appointed as Director on 22 Sep 2005. Milan Decor has 4 board changes on record in total.