About Toppan Speciality Films Private Limited
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Toppan Speciality Films Private Limited is a private limited company based in Nawan Shehar, Punjab, India, a subsidiary of Toppan Inc.. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 28 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24100PB2012PTC036981. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹52.22 Cr. It was formerly known as Max Speciality Films Limited. It is led by directors including Manohara Kumar (Whole-Time Director) and Amit Jain (Whole-Time Director).
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 419 Bhai Mohan Singh Nagar Village Railmajra Tehsil Balachaur, Nawan Shehar, Punjab, India – 144533.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,497.36 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹88.15 Cr (net margin 5.9%) and EBITDA of ₹170.61 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 9% over five years.
The company has about 529 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MSFL. As per MCA filings, the company has open charges of ₹138.87 Cr and satisfied charges of ₹647.06 Cr on record. Court records list 19 cases involving the company, including 14 filed by the company and 5 filed against it; 3 cases are pending. The company has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹222.06 Cr; the latest was in March 2025. Its 8 peer companies in the Packaging industry (Films and Foils), 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 Chiripal Poly Films Limited with revenue of ₹3,247.42 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 71 overdue payments to 20 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 maxspecialityfilms.com.
Company details
CIN history
Toppan Speciality Films has one previous CIN (Corporate Identification Number): U24100PB2012PLC036981. The current CIN is U24100PB2012PTC036981, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100PB2012PTC036981 | Current |
| U24100PB2012PLC036981 | Previous |
Contact details
Toppan Speciality Films Private Limited's registered office is in Nawan Shehar, Punjab. Its website is maxspecialityfilms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address419 Bhai Mohan Singh Nagar Village Railmajra Tehsil Balachaur, Nawan Shehar, Punjab, India – 144533
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Toppan Speciality Films 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
Toppan Speciality Films operates one associated brand: MSFL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Packaging, labels, coating, and thermal lamination films are supplied globally. | maxspecialityfilms.com |
Business activity
The main business activity of Toppan Speciality Films 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 Toppan Speciality Films Private Limited, buy the company report.
Financials of Toppan Speciality Films Private Limited
FY 2025 filings availableToppan Speciality Films Private Limited reported revenue of ₹1,497.36 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 17% growth in the latest year. EBITDA rose 11% 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 | ₹170.61 Cr | ||||
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| Net Profit (PAT) | ₹88.15 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 | 11.4% | ||||
| Net Profit Margin | 5.9% | ||||
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To see the full financial statements and ratios of Toppan Speciality Films Private Limited, buy the company report.
Board of directors of Toppan Speciality Films Private Limited
Toppan Speciality Films has 5 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manohara Kumar | Whole-Time Director | 03 Aug 2022 | 4 Years 2 Months | Current |
| Hiroshi Suzuki | Director | 03 Aug 2022 | 4 Years 2 Months | Current |
| Amit Jain | Whole-Time Director | 09 May 2024 | 2 Years 5 Months | Current |
| Masahiko Tatewaki | Director | 13 May 2022 | 4 Years 5 Months | Current |
| Tasuku Senna | Additional Director | 30 May 2025 | 1 Years 4 Months | Current |
Peer comparison
Toppan Speciality Films Private Limited is compared with the 8 companies closest to it by revenue in the Packaging industry (Films and Foils), 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 |
|---|---|---|---|---|---|---|
| Chiripal Poly Films Limited | ₹3,247.42 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Vacmet India Limited | ₹3,009.64 Cr (FY 2025) | 11.0% | Agra, Uttar Pradesh, India | |||
| Cosmo First Limited | ₹2,969.57 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Garware Hi-Tech Films Limited | ₹2,163.76 Cr (FY 2025) | 26.0% | Chhatrapati Sambhajinagar, Maharashtra, India | |||
| Toppan Speciality Films Private Limitedthis company | ₹1,497.36 Cr (FY 2025) | ₹88.15 Cr | 5.9% | 17.0% | 529 | Nawan Shehar, Punjab, India |
| SML Films Limited | ₹1,421.94 Cr (FY 2025) | 6.0% | Surat, Gujarat, India | |||
| Sparsh Industries Private Limited | ₹1,318.5 Cr (FY 2025) | 7.0% | Delhi, India | |||
| Ester Industries Limited | ₹1,299.04 Cr (FY 2025) | 19.0% | Uttarakhand, India | |||
| Ultimate Flexipack Limited | ₹870.83 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Toppan Speciality Films Private Limited, buy the company report.
Auditor
Toppan Speciality Films Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Toppan Speciality Films Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Toppan Speciality Films Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2026 | 101294281 | Others | ₹15.38 Lakh | Open | |
| 18 Apr 2026 | 101287079 | Others | ₹19.88 Lakh | Open | |
| 06 Nov 2025 | 101188399 | Others | ₹19.8 Lakh | Open | |
| 04 Nov 2025 | 101188756 | Others | ₹6.8 Lakh | Open | |
| 29 Oct 2025 | 101186871 | Others | ₹13 Lakh | Open |
To see the full charge records of Toppan Speciality Films Private Limited, buy the company report.
Total charge records: 101 View all charges
Deals & funding
Toppan Speciality Films Private Limited has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹222.06 Cr; the latest was in March 2025.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Toppan INC Seller: Max Ventures and Industries Limited , Max Ventures and Industries Limited & Sahil Vachani, Max Ventures and Industries Limited & Nitin Kumar |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Toppan INC, Toppan Inc. & Amit Jain, Toppan Inc. & Manohar Kumar Seller: Max Ventures and Industries Limited , Max Ventures and Industries Limited & Amit Jain, Max Ventures and Industries Limited & Navneet Narayan Malhotra |
| Aug 2020 | Rights issue | ₹30 Cr | Investors: Max Ventures and Industries Limited , Toppan INC |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Toppan INC Seller: Max Ventures and Industries Limited , Pharmax Corporation Ltd |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Max Ventures and Industries Limited , Max Ventures and Industries Limited & Amit Jain, Max Ventures and Industries Limited & Navneet Narayan Malhotra Seller: Max India Limited, 3 individuals |
To see the full deal history of Toppan Speciality Films 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
Toppan Speciality Films Private Limited has 19 court cases on record: 14 filed by Toppan Speciality Films, 5 filed against it. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 5 | 3 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hoshiarpur, Punjab | Execution petition | Filed by the company against Infutec Healthcare Ltd and 4 others | Pending |
| District court, SBS Nagar, Punjab | Execution petition | Filed by the company against Infutec Health Care Ltd | Disposed |
| District court, SBS Nagar, Punjab | Civil miscellaneous application | Filed by the company against RT Packaging Ltd. | Disposed |
| District court, SBS Nagar, Punjab | Civil suit | Filed by the company against M/S Raja Udyog Pvt. Ltd. and 5 others | Disposed |
| District court, SBS Nagar, Punjab | Civil suit | Filed by the company against Infutec Healthcare Ltd. and 8 others | Disposed |
To see the full case history of Toppan Speciality Films 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
Toppan Speciality Films Private Limited was last rated by Crisil on 21 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Dec 2020 |
To see the full credit ratings and regulatory alerts of Toppan Speciality Films Private Limited, buy the company report.
MSME payment delays
Toppan Speciality Films Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 71 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Haryana Punjab Roadlines | |||
| Lohia Mechatronik Private Limited | |||
| an individual supplier | |||
| GMS Plastic Machinery Private Limited |
To see the full MSME payment records of Toppan Speciality Films Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Toppan Speciality Films Private Limited has a workforce of 529 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Toppan Speciality Films has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Toppan Speciality Films Private Limited, buy the company report.
Recent activity
Toppan Speciality Films Private Limited has 32 board changes on record since 2014: 6 appointments and 26 cessations. The latest: Tasuku Senna was appointed as Additional Director on 30 May 2025.
198 earlier events are in the company report.
News
Frequently asked questions
Toppan Speciality Films is an active private limited company based in Nawan Shehar, Punjab, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 28 December 2012 (14+ years old) and is registered under CIN U24100PB2012PTC036981.
Toppan Speciality Films has 5 current directors:
- Manohara Kumar - Whole-Time Director
- Amit Jain - Whole-Time Director
- Hiroshi Suzuki - Director
- Masahiko Tatewaki - Director
- Tasuku Senna - Additional Director
The latest financial statements of Toppan Speciality Films 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.
No. Toppan Speciality Films has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Toppan Speciality Films is U24100PB2012PTC036981. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Toppan Speciality Films has 19 court cases on record: 14 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Toppan Speciality Films was incorporated on 28 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chandigarh.
Toppan Speciality Films has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹222.06 Cr; the latest was in March 2025.
The peers of Toppan Speciality Films by revenue are Chiripal Poly Films Limited, Vacmet India Limited, Cosmo First Limited, Garware Hi-Tech Films Limited, SML Films Limited and 3 more, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Tasuku Senna was appointed as Additional Director on 30 May 2025. Ryosuke Koike ceased to be Additional Director on 26 Sep 2024. Amit Jain was appointed as Whole-Time Director on 09 May 2024. Toppan Speciality Films has 32 board changes on record in total.
Toppan Speciality Films has 6 MSME Form 1 returns on record between 2022 and 2024, listing 71 overdue payments to 20 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Toppan Speciality Films can be reached through the website maxspecialityfilms.com. Its registered office is in Nawan Shehar, Punjab, India.