About Kris Flexipacks Private Limited
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Kris Flexipacks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 06 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH2007PTC168369. Its GSTIN is 27AACCN4672Q1ZS (Maharashtra). The company holds 11 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹19.71 Cr and a paid-up capital of ₹8.47 Cr. It was formerly known as Nikita Plast Industries Private Limited. It is led by directors including Shailesh Sheth Gulabchand (Managing Director) and Raghuraman Krishna Iyer.
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 65 Shanti Industrial Estate S.N. Road Mulund (West), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹621.52 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹28.43 Cr (net margin 4.6%) and EBITDA of ₹55.83 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 13% over five years.
The company has about 521 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Kris Flexipacks. As per MCA filings, the company has open charges of ₹444.26 Cr and satisfied charges of ₹115.01 Cr on record. Court records list 45 cases involving the company, including 38 filed by the company and 7 filed against it; 5 cases are pending. The company has 10 deals on record (7 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹65.64 Cr; the latest was in September 2024. Its 5 peer companies in the Packaging industry (Films and Foils, Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Nahar Poly Films Limited with revenue of ₹683.88 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 6,053 overdue payments to 247 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 krisflexipacks.com.
Company details
Contact details
Kris Flexipacks Private Limited's registered office is in Mumbai, Maharashtra. Its website is krisflexipacks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address65 Shanti Industrial Estate S.N. Road Mulund (West), Mumbai, Maharashtra, India – 400080
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Kris Flexipacks Private 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
Kris Flexipacks operates one associated brand: Kris Flexipacks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers flexible packaging, labels, and films for food, beverage, and industrial markets. | krisflexipacks.com |
Business activity
The main business activity of Kris Flexipacks 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 Kris Flexipacks Private Limited, buy the company report.
Financials of Kris Flexipacks Private Limited
FY 2025 filings availableKris Flexipacks Private Limited reported revenue of ₹621.52 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 10% growth in the latest year. EBITDA fell 19% 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 | ₹55.83 Cr | ||||
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| Net Profit (PAT) | ₹28.43 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 | 9% | ||||
| Net Profit Margin | 4.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Kris Flexipacks Private Limited, buy the company report.
Board of directors of Kris Flexipacks Private Limited
Kris Flexipacks has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghuraman Krishna Iyer Also directs: Raghu Iyer Valuation Advisors LLP, Boot Exports (Bombay) Pvt Ltd, Athang Expressions Private Limited and 1 more | Director | 13 Feb 2018 | 8 Years 8 Months | Current |
| Shailesh Sheth Gulabchand | Managing Director | 06 Mar 2007 | 19 Years 7 Months | Current |
| Rajesh Gulabchand Sheth Also directs: Hue Inks Private Limited, VRS Realtors Private Limited, Packaging Realtors Pvt Ltd and 2 more | Director | 06 Mar 2007 | 19 Years 7 Months | Current |
Peer comparison
Kris Flexipacks Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Films and Foils, 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 |
|---|---|---|---|---|---|---|
| Nahar Poly Films Limited | ₹683.88 Cr (FY 2025) | 12.0% | Punjab, India | |||
| Paharpur 3P Private Limited | ₹678.36 Cr (FY 2025) | 17.0% | Kolkata, West Bengal, India | |||
| GLS Films Industries Private Limited | ₹634.69 Cr (FY 2024) | -21.0% | Gurgaon, Haryana, India | |||
| Kris Flexipacks Private Limitedthis company | ₹621.52 Cr (FY 2025) | ₹28.43 Cr | 4.6% | 10.0% | 521 | Mumbai, Maharashtra, India |
| Balmer Lawrie-Van Leer Limited | ₹584.87 Cr (FY 2025) | 4.0% | Navi Mumbai, Maharashtra, India | |||
| Xpro India Limited | ₹554.19 Cr (FY 2025) | 16.0% | West Bengal, India |
To see the full peer comparison of Kris Flexipacks Private Limited, buy the company report.
Auditor
Kris Flexipacks Private Limited is audited by Geeta Gajra & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Geeta Gajra & Co. | FY 2024 | 133278W |
Shareholding
The shareholding of Kris Flexipacks 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 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 Kris Flexipacks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2025 | 101176947 | Others | ₹70 Lakh | Open | |
| 21 May 2025 | 101102662 | Others | ₹70 Lakh | Open | |
| 08 Jan 2025 | 101038990 | Others | ₹17 Cr | Open | |
| 23 Sep 2024 | 100987997 | Others | ₹28 Cr | Open | |
| 21 Sep 2024 | 100987990 | Others | ₹83 Cr | Open |
To see the full charge records of Kris Flexipacks Private Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Kris Flexipacks Private Limited has 10 deals on record (7 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹65.64 Cr; the latest was in September 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
| Jun 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Funding round | ₹14.35 Cr | Investors: Packaging Destinations Private Limited , 3 individuals |
| Mar 2007 | Funding round | ₹1.79 Cr | Investors: Packaging Destinations Private Limited , 3 individuals |
To see the full deal history of Kris Flexipacks 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
Kris Flexipacks Private Limited has 45 court cases on record: 38 filed by Kris Flexipacks, 7 filed against it. 5 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 5 | 5 |
| High courts | 5 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S. Tifosi Foods Pvt. Ltd. and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Manpasand Beverages Limited and 4 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Tifosi Foods Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against M/S. Tifosi Foods Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against Pramara Promotions Ltd and 2 others | Disposed |
To see the full case history of Kris Flexipacks 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.
Credit ratings & regulatory alerts
Kris Flexipacks Private Limited was last rated by Crisil on 03 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Feb 2020 |
To see the full credit ratings and regulatory alerts of Kris Flexipacks Private Limited, buy the company report.
MSME payment delays
Kris Flexipacks Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 6,053 overdue payments to 247 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 247)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sun-Electro Gravures Private Limited | |||
| XL Plastic | |||
| Praful Metal Works Pvt Ltd | |||
| HP Chem Trade | |||
| an individual supplier |
To see the full MSME payment records of Kris Flexipacks Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kris Flexipacks has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hue Inks Private Limited | U24290MH2021PTC370084 | |
| VRS Realtors Private Limited | U70101MH2006PTC164840 |
To see the full group structure of Kris Flexipacks Private Limited, buy the company report.
Employees & EPFO
Kris Flexipacks Private Limited has a workforce of 521 employees on its EPFO records as of Jan 05, 2026, across 7 active EPFO establishments.
GST
Kris Flexipacks has 11 GST registrations: 6 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN4672Q1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AACCN4672Q2ZR | Maharashtra | Active | 28 Sep 2017 |
| 02AACCN4672Q1Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
| 33AACCN4672Q1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kris Flexipacks Private Limited, buy the company report.
Recent activity
Kris Flexipacks Private Limited has 14 board changes on record since 2007: 3 appointments and 11 cessations. The latest: Prapti Dhingra ceased to be Company Secretary on 11 Jan 2021.
95 earlier events are in the company report.
Frequently asked questions
Kris Flexipacks 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 06 March 2007 (19+ years old) and is registered under CIN U25209MH2007PTC168369.
Kris Flexipacks has 3 current directors:
- Shailesh Sheth Gulabchand - Managing Director
- Raghuraman Krishna Iyer - Director
- Rajesh Gulabchand Sheth - Director
The latest financial statements of Kris Flexipacks 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 Kris Flexipacks is 27AACCN4672Q1ZS, registered in Maharashtra. The company has 11 GST registrations in all, of which 6 are active and 5 are cancelled or inactive. Other active GSTINs include 27AACCN4672Q2ZR (Maharashtra), 02AACCN4672Q1Z4 (Himachal Pradesh), 33AACCN4672Q1ZZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Kris Flexipacks is U25209MH2007PTC168369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kris Flexipacks has 45 court cases on record: 38 filed by the company and 7 filed against it. 5 are pending. Most are in the district courts.
Kris Flexipacks was incorporated on 06 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Kris Flexipacks has 10 deals on record (7 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹65.64 Cr; the latest was in September 2024.
The peers of Kris Flexipacks by revenue are Nahar Poly Films Limited, Paharpur 3P Private Limited, GLS Films Industries Private Limited, Balmer Lawrie-Van Leer Limited, Xpro India Limited, all in the Packaging industry (Films and Foils, Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Prapti Dhingra ceased to be Company Secretary on 11 Jan 2021. Ravi Chaturvedi ceased to be Director on 14 Jun 2019. Raghuraman Krishna Iyer ceased to be Additional Director on 22 Sep 2018. Kris Flexipacks has 14 board changes on record in total.
Kris Flexipacks has 16 MSME Form 1 returns on record between 2019 and 2024, listing 6,053 overdue payments to 247 micro and small suppliers. The latest return was filed on 01 May 2024.
Kris Flexipacks can be reached through the website krisflexipacks.com. Its registered office is in Mumbai, Maharashtra, India.