MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-20-0004611
SRS Thermax Limited - packaging in Gwalior, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.81 Cr
▼ 5% YoY
Net loss · FY 2024
₹55.55 Lakh
Net margin -8.2%
EBITDA · FY 2024
₹32.71 Lakh
EBITDA margin 4.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.04 Cr
Issued & subscribed
Open charges
₹13.9 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
3
Provident fund records
About SRS Thermax Limited
Data last updated:
SRS Thermax Limited is a public limited company based in Gwalior, Madhya Pradesh, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 17 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U27100MP2013PLC030523. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.04 Cr. It is led by directors including Shrikrishna Sharma and Jaidev Sharma.
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 610 Milleneum Plaza Govind Puri, Gwalior, Madhya Pradesh, India – 474011.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.81 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹55.55 Lakh (net margin -8.2%) and EBITDA of ₹32.71 Lakh (EBITDA margin 4.8%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 14% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.9 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 3 cases are pending. The company has 5 deals on record (5 market trades); the latest was in May 2024.
SRS Thermax Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-20-0004611). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website srspackaging.in.
Company details
CIN U27100MP2013PLC030523
Registration Number 030523
Incorporation Date 17 April 2013
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-20-0004611
Recognitions & Rankings of SRS Thermax
Contact details
SRS Thermax Limited's registered office is in Gwalior, Madhya Pradesh. Its website is srspackaging.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address610 Milleneum Plaza Govind Puri, Gwalior, Madhya Pradesh, India – 474011
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of SRS Thermax Limited, buy the company report.
Comprehensive company report
SRS Thermax 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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Business activity
The main business activity of SRS Thermax 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 SRS Thermax Limited, buy the company report.
Financials of SRS Thermax Limited
FY 2025 filings availableSRS Thermax Limited reported revenue of ₹6.81 Cr (down 5% YoY) for FY 2024.
Revenue · FY 2024
₹6.81 Cr ▼ 5%
Net loss · FY 2024
₹55.55 Lakh margin -8.2%
EBITDA · FY 2024
₹32.71 Lakh margin 4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 2%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▲ 130%
3 years · compounded
▼ 37%
5 years · compounded
▼ 13%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 5% fall in the latest year. EBITDA rose 130% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹55.55 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | -8.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of SRS Thermax Limited, buy the company report.
Board of directors of SRS Thermax Limited
SRS Thermax has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikrishna Sharma | Director | 05 Feb 2021 | 5 Years 9 Months | Current |
| Jaidev Sharma Also directs: Dev Versha Jatropha Bio Energy Private Limited, SRS Eco Blocks Private Limited, S.R.S. Vizcon Private Limited and 5 more | Director | 17 Apr 2013 | 13 Years 6 Months | Current |
| Pragya Sharma Also directs: S.R.S. Vizcon Private Limited, SRS Media Private Limited, Inext Network Private Limited and 1 more | Director | 15 Feb 2022 | 4 Years 8 Months | Current |
Auditor
SRS Thermax Limited is audited by KRISHNA GUPTA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNA GUPTA & CO | FY 2023 | 000368C |
Shareholding
The shareholding of SRS Thermax 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 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 SRS Thermax Limited, buy the company report.
Charges & borrowings
Open charges
₹13.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101143298 | Others | ₹5 Cr | Open | |
| 15 Feb 2022 | 100545307 | Others | ₹1.11 Cr | Open | |
| 31 Dec 2020 | 100407461 | Others | ₹70 Lakh | Open | |
| 13 Jan 2020 | 100318719 | Others | ₹9 Lakh | Open | |
| 01 Sep 2014 | 10522658 | Panjab National Bank | ₹5 Cr | Open |
Total charge records: 6 View all charges
Deals & funding
SRS Thermax Limited has 5 deals on record (5 market trades); the latest was in May 2024.
Total deals
5
Market trades
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Market trade | ₹558.98 Cr | Seller: Integrated Core Strategies (Asia) Pte. Ltd. |
| Oct 2022 | Market trade | ₹14.7 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Oct 2022 | Market trade | ₹14.89 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Mar 2020 | Market trade | ₹77.86 Cr | Buyer: Nalanda India Equity |
| Jan 2017 | Market trade | ₹102.12 Cr | Seller: Amansa Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SRS Thermax Limited has 8 court cases on record: 2 filed by SRS Thermax, 6 filed against it. 3 cases are pending and 5 are disposed.
Total cases
8
Filed by the company
2
Filed against the company
6
Pending
3
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Criminal case | Filed against the company by Madhu Buildtech Pvt. Ltd. | Disposed |
| District court, East, Delhi | Criminal case | Filed against the company by Madhuram Paper Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Cartonal Machines India Pvt Ltd | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (RCT) | Filed against the company by Company Registrar | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Taste Healthy Foods India Pvt. Ltd. by Arun Shrivastav and 1 other | Pending |
To see the full case history of SRS Thermax 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
SRS Thermax Limited was last rated by Brickwork on 15 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 15 Oct 2020 |
To see the full credit ratings and regulatory alerts of SRS Thermax Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for SRS Thermax Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SRS Thermax Limited has a workforce of 3 employees on its EPFO records as of Jul 2021, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 3 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of SRS Thermax Limited, buy the company report.
GST
SRS Thermax has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of SRS Thermax Limited, buy the company report.
Recent activity
SRS Thermax Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Pragya Sharma was appointed as Director on 15 Feb 2022.
AGM
Srs Thermax Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101143298 was registered on 22 Aug 2025.
Filing
Srs Thermax Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with Others amounted to Rs. 1.11 Cr with Charge ID 100545307 was registered on 15 Feb 2022.
Appointed
Pragya Sharma was appointed as Director.
Ceased
Dharmendra Sharma ceased to be Director.
Ceased
Pragya Sharma ceased to be Director.
Appointed
Shrikrishna Sharma was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.70 Cr with Charge ID 100407461 was registered on 31 Dec 2020.
Ceased
Maya Devi Sharma ceased to be Additional Director.
Ceased
Pragya Sharma ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100318719 was registered on 13 Jan 2020.
6 earlier events are in the company report.
Frequently asked questions
SRS Thermax is an active public limited company based in Gwalior, Madhya Pradesh, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 17 April 2013 (13+ years old) and is registered under CIN U27100MP2013PLC030523.
SRS Thermax has 3 current directors:
- Shrikrishna Sharma - Director
- Jaidev Sharma - Director
- Pragya Sharma - Director
The latest financial statements of SRS Thermax 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. SRS Thermax has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of SRS Thermax is U27100MP2013PLC030523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SRS Thermax has 8 court cases on record: 2 filed by the company and 6 filed against it. 3 are pending.
SRS Thermax was incorporated on 17 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.
SRS Thermax has 5 deals on record (5 market trades); the latest was in May 2024.
Pragya Sharma was appointed as Director on 15 Feb 2022. Dharmendra Sharma ceased to be Director on 10 Feb 2021. Pragya Sharma ceased to be Director on 10 Feb 2021. SRS Thermax has 9 board changes on record in total.
Yes, SRS Thermax is registered as a small enterprise under Udyam registration (number: UDYAM-MP-20-0004611).
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