MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0094297
Morgan Industries Limited - packaging in Cuddalore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.48 Cr
▼ 6% YoY
Net loss · FY 2025
₹3.89 Cr
Net margin -60%
EBITDA · FY 2025
-₹2.05 Cr
EBITDA margin -31.6%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹6.5 Cr
Issued & subscribed
Open charges
₹8 Lakh
Satisfied ₹47.01 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
27
Provident fund records
About Morgan Industries Limited
Data last updated:
Morgan Industries Limited is a public limited company based in Cuddalore, Tamil Nadu, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 26 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93090TN1989PLC036273. Its GSTIN is 33AAACM0967F1ZR (Tamil Nadu). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹6.5 Cr. It is led by directors including Vellore Janardhan Ashok (Whole-Time Director) and Subramanian Rajasekaran.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 2 Sipcot Industrial Complexcuddalore – 607 005. Tamilnadu, Tamil Nadu, India – 607005.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.48 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹3.89 Cr (net margin -60%) and EBITDA of -₹2.05 Cr (EBITDA margin -31.6%).
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Morgan Industries. As per MCA filings, the company has open charges of ₹8 Lakh and satisfied charges of ₹47.01 Cr on record. Court records list 59 cases involving the company, including 33 filed by the company and 26 filed against it; 3 cases are pending. The company has 1 deal on record (1 market trade); the latest was in April 2005. Its 3 peer companies in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Gayatri Packaging House Private Limited with revenue of ₹6.52 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 micro and small suppliers.
Morgan Industries Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0094297). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website groupmorgan.in.
Company details
CIN U93090TN1989PLC036273
Registration Number 036273
Incorporation Date 26 December 1989
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0094297
CIN history
Morgan Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93090TN1989PLC036273, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090TN1989PLC036273 | Current |
| L93090TN1989PLC036273 | Previous |
| L93090TN1869PLC036273 | Previous |
Key People
Vellore Janardhan Ashok Whole-Time Director Subramanian Rajasekaran Director Chitra Bhaskar Director Recognitions & Rankings of Morgan Industries
Contact details
Morgan Industries Limited's registered office is in Cuddalore, Tamil Nadu. Its website is groupmorgan.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 2 Sipcot Industrial Complexcuddalore – 607 005. Tamilnadu, Tamil Nadu, India – 607005
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Morgan Industries Limited, buy the company report.
Comprehensive company report
Morgan Industries 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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Brands
Morgan Industries operates one associated brand: Morgan Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of self-adhesive tapes, PE products, and paperboard products in India. | groupmorgan.in |
Business activity
The main business activity of Morgan Industries 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 Morgan Industries Limited, buy the company report.
Financials of Morgan Industries Limited
FY 2025 filings availableMorgan Industries Limited reported revenue of ₹6.48 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹6.48 Cr ▼ 6%
Net loss · FY 2025
₹3.89 Cr margin -60%
EBITDA · FY 2025
-₹2.05 Cr margin -31.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
EBITDA CAGR growth
1 year
▼ 487%
Revenue fell 6% in the latest year. EBITDA fell 487% in the latest 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.89 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | -31.6% | ||||
| Net Profit Margin | -60% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Morgan Industries Limited, buy the company report.
Board of directors of Morgan Industries Limited
Morgan Industries has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Rajasekaran Also directs: Morgan Propack Private Limited, Thermoplastics India Private Limited, Morgan Leasing & Finance Limited and 2 more | Director | 17 Feb 2022 | 4 Years 8 Months | Current |
| Chitra Bhaskar | Director | 31 Jan 2022 | 4 Years 8 Months | Current |
| Vellore Janardhan Ashok Also directs: Morgan Propack Private Limited, Thermoplastics India Private Limited, Morgan Leasing & Finance Limited and 2 more | Whole-Time Director | 02 Sep 2019 | 7 Years 1 Months | Current |
| Uma Ramesh Also directs: Morgan Asia Private Limited, MDP Business Consultants Private Ltd., Nellichery Land & Properties Private Limited and 2 more | Additional Director | 01 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Morgan Industries Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (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 |
|---|---|---|---|---|---|---|
| Gayatri Packaging House Private Limited | ₹6.52 Cr (FY 2025) | -13.0% | Delhi, India | |||
| Morgan Industries Limitedthis company | ₹6.48 Cr (FY 2025) | -₹3.89 Cr | -60% | -6.0% | 27 | Cuddalore, Tamil Nadu, India |
| Kamacom Systems Private Limited | ₹6.47 Cr (FY 2025) | 61.0% | Goa, India | |||
| Parshwanath Polymers Private Limited | ₹6.47 Cr (FY 2024) | -7.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Morgan Industries Limited, buy the company report.
Auditor
Morgan Industries Limited is audited by K.S.& CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.S.& CO. | FY 2022 | 004912S |
Shareholding
The shareholding of Morgan Industries Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Morgan Industries Limited, buy the company report.
Charges & borrowings
Open charges
₹8 Lakh
Satisfied charges
₹47.01 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2023 | 100848304 | City Union Bank Limited | ₹8 Lakh | Open | |
| 27 Sep 2008 | 10166599 | Icici Bank Limited | ₹23.51 Lakh | Satisfied | |
| 22 Sep 2008 | 10125444 | Punjab National Bank | ₹70 Lakh | Satisfied | |
| 24 Jul 2008 | 10219999 | Icici Bank Limited | ₹9.44 Lakh | Satisfied | |
| 03 Jul 2008 | 10165795 | Icici Bank Limited | ₹19.44 Lakh | Satisfied |
To see the full charge records of Morgan Industries Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Morgan Industries Limited has 1 deal on record (1 market trade); the latest was in April 2005.
Total deals
1
Market trade
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2005 | Market trade | ₹6 Lakh | Buyer: Nirmal Investments, R.S.Dua Huf Seller: Sbi Asset Management |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Morgan Industries Limited has 59 court cases on record: 33 filed by Morgan Industries, 26 filed against it. 3 cases are pending and 56 are disposed.
Total cases
59
Filed by the company
33
Filed against the company
26
Pending
3
Disposed
56
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 42 | 16 | 2 |
| District courts | 15 | 10 | 1 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against M/S. Minrani International Pvt Ltd, | Disposed |
| District court, South Goa, Goa | Original application | Filed by the company against Ms Minrani International Pvt. Ltd and Another | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Neoplast Engineering Pvt. Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Inland Road Transport P Ltd. | Disposed |
| High Court, GUJARAT | Court case (CR.MA) | Filed by the company against Neoplast Engineering Pvt.Ltd. and 1 other | Disposed |
To see the full case history of Morgan Industries 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.
MSME payment delays
Morgan Industries Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Intech Systems Chennai Private Limited | |||
| Vasavi Packaging Industries |
To see the full MSME payment records of Morgan Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Morgan Industries Limited has a workforce of 27 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
27
Active EPFO establishments
1
Employee growth
3.85%
GST
Morgan Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM0967F1ZR | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Morgan Industries Limited, buy the company report.
Recent activity
Morgan Industries Limited has 19 board changes on record since 2010: 4 appointments and 15 cessations. The latest: Uma Ramesh was appointed as Additional Director on 01 Jul 2025.
AGM
Morgan Industries Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Uma Ramesh was appointed as Additional Director.
Filing
Morgan Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with City Union Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100848304 was registered on 30 Dec 2023.
Ceased
Vellore Janardhan Ashok ceased to be Additional Director.
Ceased
Paranji Sundaram Bhaskaran ceased to be Whole-Time Director.
Ceased
Chitra Bhaskar ceased to be Additional Director.
Ceased
Subramanian Rajasekaran ceased to be Additional Director.
Appointed
Subramanian Rajasekaran was appointed as Director.
Appointed
Chitra Bhaskar was appointed as Director.
Ceased
Ashok Balasubramanian ceased to be Managing Director.
Ceased
Venkataraman Rajamani ceased to be Director.
44 earlier events are in the company report.
Frequently asked questions
Morgan Industries is an active public limited company based in Cuddalore, Tamil Nadu, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 26 December 1989 (37+ years old) and is registered under CIN U93090TN1989PLC036273.
Morgan Industries has 4 current directors:
- Vellore Janardhan Ashok - Whole-Time Director
- Subramanian Rajasekaran - Director
- Chitra Bhaskar - Director
- Uma Ramesh - Additional Director
The latest financial statements of Morgan Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Morgan Industries is 33AAACM0967F1ZR, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Morgan Industries is U93090TN1989PLC036273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morgan Industries has 59 court cases on record: 33 filed by the company and 26 filed against it. 3 are pending. Most are in the high courts.
Morgan Industries was incorporated on 26 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
Morgan Industries has 1 deal on record (1 market trade); the latest was in April 2005.
The peers of Morgan Industries by revenue are Gayatri Packaging House Private Limited, Kamacom Systems Private Limited, Parshwanath Polymers Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Uma Ramesh was appointed as Additional Director on 01 Jul 2025. Vellore Janardhan Ashok ceased to be Additional Director on 27 Feb 2023. Paranji Sundaram Bhaskaran ceased to be Whole-Time Director on 25 Jul 2022. Morgan Industries has 19 board changes on record in total.
Yes, Morgan Industries is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0094297).
Morgan Industries has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 May 2019.