Narayan Polymer Private Limited
About Narayan Polymer Private Limited
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Narayan Polymer Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 17 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25190MP2019PTC048628. Its GSTIN is 23AAGCN5338P1Z1 (Madhya Pradesh).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Akshay Narayan Maikap and Tanushree Maikap.
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 99 Goyal Vihar Khajarana, Indore, Madhya Pradesh, India – 452016.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.27 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹7.23 Lakh (net margin -137.2%) and EBITDA of -₹74,520 (EBITDA margin -14.2%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹2.4 Cr on record.
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- Registered Address99 Goyal Vihar Khajarana, Indore, Madhya Pradesh, India – 452016
- IndustryPackaging, Industrial Packaging Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Narayan Polymer Private Limited
The main business activity of Narayan Polymer is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Narayan Polymer Private Limited FY 2025 filings available
Narayan Polymer Private Limited reported revenue of ₹5.27 Lakh (up 2438% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Narayan Polymer Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years. EBITDA rose 82% 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 of Narayan Polymer Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹74,520 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.23 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Narayan Polymer Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -137.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Narayan Polymer are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Narayan Polymer Private Limited
Narayan Polymer Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Industrial Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D. S. Printopack Private Limited | ₹5.38 Lakh (FY 2024) | •••• | •••• | -52.0% | •••• | Haryana, India |
| Flexi Packaging Satara Association | ₹5.35 Lakh (FY 2024) | •••• | •••• | •••• | Satara, Maharashtra, India | |
| A Kay Packaging Private Limited | ₹5.34 Lakh (FY 2024) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Bhiwadi Strips Private Limited | ₹5.3 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Bhiwadi, Rajasthan, India |
| G.O.K.D Pack Tech Private Limited | ₹5.29 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Khatima, Uttarakhand, India |
| Narayan Polymer Private Limited this company | ₹5.27 Lakh (FY 2025) | •••• | •••• | 2438.0% | •••• | Indore, Madhya Pradesh, India |
| Shree Balaji Containers Pvt.Ltd. | ₹5.17 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Almond House Packaged Foods Private Limited | ₹5.16 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Hyderabad, Telangana, India |
| Sankalp Packaging Private Limited | ₹5.16 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Shadhna Multipack Solution Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | Kalol, Gujarat, India |
| Shilpi Pakckaging Private Limited | ₹4.8 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Narayan Polymer by revenue in the Packaging industry (Industrial Packaging), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Narayan Polymer Private Limited
Narayan Polymer Private Limited is audited by MAHESH C MITTAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHESH C MITTAL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Narayan Polymer Private Limited
Narayan Polymer has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Narayan Maikap | Director | 01 Aug 2023 | 3 Years 2 Months | Current |
| Tanushree Maikap | Director | 17 May 2019 | 7 Years 4 Months | Current |
| Mit Pareshkumar Shah Also directs: Care Karo Private Limited | Director | 20 Dec 2024 | 1 Years 9 Months | Current |
Ownership and Shareholding of Narayan Polymer Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Narayan Polymer Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2024 | Uco Bank | ₹2.4 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Narayan Polymer Private Limited
Employment history and EPFO contributions of people linked to Narayan Polymer.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Narayan Polymer Private Limited
Narayan Polymer Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Mit Pareshkumar Shah ceased to be Additional Director on 29 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Narayan Polymer Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Narayan Polymer Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Narayan Polymer Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Narayan Polymer Private Limited
Narayan Polymer has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAGCN5338P1Z1 | Madhya Pradesh | Active | 01 Jun 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Narayan Polymer Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Narayan Polymer Private Limited
Narayan Polymer is an active private limited company based in Indore, Madhya Pradesh, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 17 May 2019 (7+ years old) and is registered under CIN U25190MP2019PTC048628.
Narayan Polymer reported revenue of ₹5.27 Lakh for FY 2025 (up 2438% YoY).
Narayan Polymer has 3 current directors:
- Akshay Narayan Maikap - Director
- Tanushree Maikap - Director
- Mit Pareshkumar Shah - Director
Narayan Polymer reported a net loss of ₹7.23 Lakh (net margin -137.2%) and EBITDA of -₹74,520 (EBITDA margin -14.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Narayan Polymer is -51% over three years and -14% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Narayan Polymer is 23AAGCN5338P1Z1, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Narayan Polymer is U25190MP2019PTC048628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narayan Polymer was incorporated on 17 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Narayan Polymer by revenue are D. S. Printopack Private Limited, Flexi Packaging Satara Association, A Kay Packaging Private Limited, Bhiwadi Strips Private Limited, G.O.K.D Pack Tech Private Limited and 5 more, all in the Packaging industry (Industrial Packaging).
Mit Pareshkumar Shah ceased to be Additional Director on 29 Sep 2025. Mit Pareshkumar Shah was appointed as Director on 20 Dec 2024. Akshay Narayan Maikap was appointed as Director on 01 Aug 2023. Narayan Polymer has 6 board changes on record in total.
Yes, Narayan Polymer is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).