About Nova Flexipack Private Limited
Data last updated:
Nova Flexipack Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 08 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1995PTC092509. Its GSTIN is 26AAACN3161C1ZZ (Daman & Diu). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.06 Cr. It was formerly known as Nova Flexipack Limited. It is led by directors Nehal Paresh Kothari and Krish Nehal Kothari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 139 Seksaria Chambers 3rd Flrnagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.42 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹24.66 Lakh (net margin 0.6%) and EBITDA of ₹1.14 Cr (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nova Flexipack. As per MCA filings, the company has open charges of ₹7.27 Cr and satisfied charges of ₹14.56 Cr on record. Court records list 34 cases involving the company, including 26 filed by the company and 8 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novaflexipack.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address139 Seksaria Chambers 3rd Flrnagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryPackaging, Packaging Films & Foils
- 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 Nova Flexipack Private Limited
The main business activity of Nova Flexipack 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 Nova Flexipack Private Limited FY 2024 filings available
Nova Flexipack Private Limited reported revenue of ₹39.42 Cr (down 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nova Flexipack Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 25% fall in the latest year. EBITDA rose 50% 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 Nova Flexipack Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.14 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24.66 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Nova Flexipack Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Nova Flexipack are in the company report.
Financial statements from 2015
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 Nova Flexipack Private Limited
Nova Flexipack Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Films and Foils). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maharshi Labels Private Limited | ₹40.59 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Gujarat, India |
| PPM Papers Private Limited | ₹40.41 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Kandivali East, Maharashtra, India |
| Sorich Foils Limited | ₹40.11 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Sarigam, Gujarat, India |
| Vimson Coatings Private Limited | ₹39.93 Cr (FY 2024) | •••• | •••• | 78.0% | •••• | Nashik, Maharashtra, India |
| GSN Global Films Private Limited | ₹39.73 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Howrah, West Bengal, India |
| Nova Flexipack Private Limited this company | ₹39.42 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Mumbai, Maharashtra, India |
| Spinaroo Commercial Limited | ₹39.34 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Kolkata, West Bengal, India |
| Prakash Shrink Pack India Private Limited | ₹39.3 Cr (FY 2025) | •••• | •••• | 172.0% | •••• | Haryana, India |
| Nylofilms Private Limited | ₹39.1 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Bangalore., Karnataka, India |
| Computer Graphics Private Limited | ₹39.07 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Maa Roll Wrap Private Limited | ₹38.42 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Nova Flexipack by revenue in the Packaging industry (Films and Foils), 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 Nova Flexipack Private Limited
Nova Flexipack Private Limited is audited by J M DOSHI AND CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J M DOSHI AND CO. | 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 Nova Flexipack Private Limited
Nova Flexipack has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nehal Paresh Kothari Also directs: Nova Biopack LLP, K2 Hospitality & Services Private Limited, Avon Builders and Consulting Engineers Private Limited and 1 more | Director | 07 Dec 2004 | 21 Years 10 Months | Current |
| Krish Nehal Kothari Also directs: Nova Biopack LLP | Director | 29 Jul 2024 | 2 Years 2 Months | Current |
Ownership and Shareholding of Nova Flexipack 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 Nova Flexipack Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Apr 2018 | Others | ₹1.71 Cr | Open |
| 06 Jan 2018 | Others | ₹1.75 Cr | Open |
| 06 Jan 2018 | Others | ₹2.25 Cr | Open |
| 02 Jan 2018 | Others | ₹1.56 Cr | Open |
| 28 Sep 2012 | The Saraswat Cooperative Bank Ltd | ₹2.25 Cr | Satisfied |
Total charge records: 18 View all charges
Legal Cases of Nova Flexipack Private Limited
Nova Flexipack Private Limited has 34 court cases on record: 26 filed by Nova Flexipack, 8 filed against it. 4 cases are pending and 30 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 4 | 0 |
| High courts | 11 | 4 | 4 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHOL) | Filed by the company against Parikh Packaging Private Limited | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against Parikh Packaging Private Limited | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Parikh Packaging Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Parikh Packaging Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra | Pending |
Full case history
All 34 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Nova Flexipack Private Limited
Nova Flexipack Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| J.J. Plastalloy Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Nova Flexipack Private Limited
Nova Flexipack operates one associated brand: Nova Flexipack. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| novaflexipack.in |
Employees and EPFO Compliance at Nova Flexipack Private Limited
Nova Flexipack Private Limited has a workforce of 55 employees as of Apr 09, 2024.
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.
CIN History of Nova Flexipack Private Limited
Nova Flexipack has one previous CIN (Corporate Identification Number): U25209MH1995PLC092509. The current CIN is U25209MH1995PTC092509, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209MH1995PTC092509 | Current |
| U25209MH1995PLC092509 | Previous |
Recent Activity on Nova Flexipack Private Limited
Nova Flexipack Private Limited has 10 board changes on record since 2002: 6 appointments and 4 cessations. The latest: Vijay Kantilal Thanawala ceased to be Director on 05 Sep 2024.
37 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nova Flexipack 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.
Subsidiaries & Group Companies of Nova Flexipack 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 Nova Flexipack Private Limited
Nova Flexipack has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACN3161C1ZZ | Daman & Diu | Active | 01 Aug 2020 |
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 Nova Flexipack 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 Nova Flexipack Private Limited
Nova Flexipack is an active private limited company based in Mumbai, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 08 September 1995 (31+ years old) and is registered under CIN U25209MH1995PTC092509.
Nova Flexipack reported revenue of ₹39.42 Cr for FY 2024 (down 25% YoY).
Nova Flexipack has 2 current directors:
- Nehal Paresh Kothari - Director
- Krish Nehal Kothari - Director
Nova Flexipack reported a net profit of ₹24.66 Lakh (net margin 0.6%) and EBITDA of ₹1.14 Cr (EBITDA margin 2.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nova Flexipack is -5% over three years and -2% over five years. In the latest year (FY 2024) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nova Flexipack is 26AAACN3161C1ZZ, registered in Daman & Diu. 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 Nova Flexipack is U25209MH1995PTC092509. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nova Flexipack has 34 court cases on record: 26 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Nova Flexipack was incorporated on 08 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nova Flexipack by revenue are Maharshi Labels Private Limited, PPM Papers Private Limited, Sorich Foils Limited, Vimson Coatings Private Limited, GSN Global Films Private Limited and 5 more, all in the Packaging industry (Films and Foils).
Vijay Kantilal Thanawala ceased to be Director on 05 Sep 2024. Krish Nehal Kothari was appointed as Director on 29 Jul 2024. Paresh Virendra Kothari ceased to be Director on 08 May 2021. Nova Flexipack has 10 board changes on record in total.
Nova Flexipack has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 28 Oct 2021.