About Klene Paks Limited
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Klene Paks Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 08 July 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25200KA1971PLC002070. Its GSTIN is 29AAACK9426D1ZI (Karnataka). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹11.86 Cr. It was formerly known as Klene Paks Private Limited. It is led by directors including Vimal Sipani (Managing Director) and Sunil Kumar Sipani.
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 Pb No 7611 7th Mile Bannerghatta Road Bangalore., Karnataka, India – 560076.
As per the financials filed for FY 2025, the company reported a revenue of ₹717.37 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹30.89 Cr (net margin 4.3%) and EBITDA of ₹63.84 Cr (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 8% over five years.
The company has about 626 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Klene Paks. As per MCA filings, the company has open charges of ₹250 Cr and satisfied charges of ₹182.5 Cr on record. Court records list 59 cases involving the company, including 42 filed by the company and 17 filed against it; 18 cases are pending. The company has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹40.55 Cr; the latest was in March 2023. Its 4 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, 3 larger and 1 smaller; the largest is Fastrack Dealcomm Private Limited with revenue of ₹913.78 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website klenepaks.com.
Company details
CIN history
Klene Paks has one previous CIN (Corporate Identification Number): U85110KA1971PLC002070. The current CIN is U25200KA1971PLC002070, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200KA1971PLC002070 | Current |
| U85110KA1971PLC002070 | Previous |
Contact details
Klene Paks Limited's registered office is in Bangalore, Karnataka. Its website is klenepaks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPb No 7611 7th Mile Bannerghatta Road Bangalore., Karnataka, India – 560076
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Klene Paks 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
Klene Paks operates one associated brand: Klene Paks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of plastic and fabric products in India. | klenepaks.com |
Business activity
The main business activity of Klene Paks 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 Klene Paks Limited, buy the company report.
Financials of Klene Paks Limited
FY 2024 filings availableKlene Paks Limited reported revenue of ₹717.37 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 8% growth in the latest year. EBITDA rose 5% 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 | ₹63.84 Cr | ||||
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| Net Profit (PAT) | ₹30.89 Cr | ||||
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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 | 8.9% | ||||
| Net Profit Margin | 4.3% | ||||
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To see the full financial statements and ratios of Klene Paks Limited, buy the company report.
Board of directors of Klene Paks Limited
Klene Paks has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Kumar Sipani Also directs: Excellent Fintrade Private Limited, Klene Logistics Private Limited, S L Investors and Traders Private Limited and 3 more | Director | 25 Sep 2000 | 26 Years 0 Months | Current |
| Kumud Sipani Also directs: S L Investors and Traders Private Limited, Sipani Soft Stones Private Limited, Paper Mint Private Limited and 1 more | Director | 29 Sep 1997 | 29 Years 0 Months | Current |
| Vimal Sipani Also directs: Sipani Developers Private Limited, Sipani Soft Stones Private Limited, Sipani Online Private Limited and 1 more | Managing Director | 20 Apr 1983 | 43 Years 6 Months | Current |
| Jeskaran Surana | Director | 30 Dec 1999 | 26 Years 9 Months | Current |
| Pavan Chand Nahar Also directs: Vacation Residentials LLP, Propertunity Consultss LLP, Shaswat Solpro Private Limited and 3 more | Director | 30 May 2022 | 4 Years 4 Months | Current |
Peer comparison
Klene Paks Limited is compared with the 4 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fastrack Dealcomm Private Limited | ₹913.78 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India | |||
| Veer Plastics Private Limited | ₹756.09 Cr (FY 2024) | -10.0% | Ahmedabad, Gujarat, India | |||
| Knack Packaging Limited | ₹747.38 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Klene Paks Limitedthis company | ₹717.37 Cr (FY 2025) | ₹30.89 Cr | 4.3% | 8.0% | 626 | Bangalore, Karnataka, India |
| Kanpur Plastipack Limited | ₹643.12 Cr (FY 2025) | 26.0% | Dada Nagar, Uttar Pradesh, India |
To see the full peer comparison of Klene Paks Limited, buy the company report.
Auditor
Klene Paks Limited is audited by SRIKANT KUMAR T R & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIKANT KUMAR T R & ASSOCIATES | FY 2023 | 021666S |
Shareholding
The shareholding of Klene Paks 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Klene Paks Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2018 | 100189397 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 25 Jun 2015 | 10583063 | Hdfc Bank Limited | ₹235 Cr | Open | |
| 03 Oct 2019 | 100303073 | The Hongkong and Shanghai Banking Corporation Limited | ₹30 Cr | Satisfied | |
| 27 Mar 2019 | 100248534 | The Hongkong and Shanghai Banking Corporation Limited | ₹15.5 Cr | Satisfied | |
| 01 Feb 2019 | 100238964 | The Hongkong and Shanghai Banking Corporation Limited | ₹60 Cr | Satisfied |
To see the full charge records of Klene Paks Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Klene Paks Limited has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹40.55 Cr; the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Saktidata Vanijya Private Limited , Sipani Developers Private Limited Seller: Sipani Developers Private Limited , Original Tradelink Private Limited |
| May 2015 | Rights issue | ₹16.5 Cr | Investors: Original Tradelink Private Limited |
| Aug 2013 | Funding round | ₹4.9 Cr | Investors: Manikaran Commodities Private Limited |
| Mar 2013 | Funding round | ₹20 Cr | Investors: Manikaran Commodities Private Limited , Sipani Soft Stones Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Paramite Retailers Private Limited, 3 individuals Seller: Manoj Fintrade Private Limited , G S D Capital Markets Limited, Excellent Fintrade Private Limited |
To see the full deal history of Klene Paks 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
Klene Paks Limited has 59 court cases on record: 42 filed by Klene Paks, 17 filed against it. 18 cases are pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 9 | 12 |
| High courts | 25 | 8 | 6 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Shri Hari Bags Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Attharv Sai Flexipack Private Limited | Pending |
| District court, BELAGAVI, Karnataka | Court case (COM.O.S) | Filed by the company against Ms. Hindalco Industries Ltd. Nehru Nagar Post, Belagavi | Disposed |
| District court, BELAGAVI, Karnataka | Civil suit | Filed by the company against Ms Hindalco Industries Ltd. Nehru Nagar Belagavi | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against The Chairman and Managind Director of Ms. Kothari Industrial Corporation Limited and 1 other | Disposed |
To see the full case history of Klene Paks 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.
Credit ratings & regulatory alerts
Klene Paks Limited was last rated by Brickwork on 20 Sep 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 20 Sep 2019 |
To see the full credit ratings and regulatory alerts of Klene Paks Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Klene Paks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Klene Paks Limited has a workforce of 626 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Klene Paks has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK9426D1ZI | Karnataka | Active | 01 Jul 2017 |
| 27AAACK9426D1ZM | Maharashtra | Active | 01 Jul 2017 |
| 32AAACK9426D1ZV | Kerala | Active | 01 Jul 2017 |
| 33AAACK9426D1ZT | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Klene Paks Limited, buy the company report.
Recent activity
Klene Paks Limited has 9 board changes on record since 1983: 5 appointments and 4 cessations. The latest: Pavan Chand Nahar ceased to be Additional Director on 29 Sep 2022.
14 earlier events are in the company report.
Frequently asked questions
Klene Paks is an active public limited company based in Bangalore, Karnataka, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 08 July 1971 (55+ years old) and is registered under CIN U25200KA1971PLC002070.
Klene Paks has 5 current directors:
- Vimal Sipani - Managing Director
- Sunil Kumar Sipani - Director
- Kumud Sipani - Director
- Jeskaran Surana - Director
- Pavan Chand Nahar - Director
The latest financial statements of Klene Paks 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 Klene Paks is 29AAACK9426D1ZI, registered in Karnataka. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACK9426D1ZM (Maharashtra), 32AAACK9426D1ZV (Kerala), 33AAACK9426D1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Klene Paks is U25200KA1971PLC002070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Klene Paks has 59 court cases on record: 42 filed by the company and 17 filed against it. 18 are pending. Most are in the district courts.
Klene Paks was incorporated on 08 July 1971, making it 55+ years old. It is registered with the Registrar of Companies, Bangalore.
Klene Paks has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹40.55 Cr; the latest was in March 2023.
The peers of Klene Paks by revenue are Fastrack Dealcomm Private Limited, Veer Plastics Private Limited, Knack Packaging Limited, Kanpur Plastipack Limited, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Pavan Chand Nahar ceased to be Additional Director on 29 Sep 2022. Jitendra Prakash ceased to be Director on 30 May 2022. Pavan Chand Nahar was appointed as Director on 30 May 2022. Klene Paks has 9 board changes on record in total.
Klene Paks can be reached through the website klenepaks.com. Its registered office is in Bangalore, Karnataka, India.