MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-14-0000911
Olympic Synthetic Sacks Pvt Ltd
Olympic Synthetic Sacks Pvt Ltd - packaging in Mehsana, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹40.14 Cr
▼ 11% YoY
Net profit · FY 2025
₹11 Lakh
Net margin 0.3%
EBITDA · FY 2025
₹45.44 Lakh
EBITDA margin 1.1%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹17.98 Lakh
Issued & subscribed
Open charges
₹4.95 Cr
Satisfied ₹8.24 Cr
Company age
47 yrs
Est. 1979
Directors on board
3
As per MCA filings
About Olympic Synthetic Sacks Pvt Ltd
Data last updated:
Olympic Synthetic Sacks Pvt Ltd is a private limited company based in Mehsana, Gujarat, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 16 August 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U11299GJ1979PTC003483. Its GSTIN is 24AAACO1861C1ZZ (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹17.98 Lakh. It was formerly known as Olympic Synthetic Sacs Private Limited. It is led by directors including Hardik Dilipkumar Patel (Managing Director) and Dilipkumar Keshavlal Patel.
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 154/155/159/160 GIDC Phase, Mehsana, Gujarat, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.14 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹11 Lakh (net margin 0.3%) and EBITDA of ₹45.44 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹4.95 Cr and satisfied charges of ₹8.24 Cr on record.
Olympic Synthetic Sacks Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0000911). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U11299GJ1979PTC003483
Registration Number 003483
Incorporation Date 16 August 1979
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-14-0000911
Key People
Hardik Dilipkumar Patel Managing Director Dilipkumar Keshavlal Patel Director Dipakkumar Keshavlal Patel Director Recognitions & Rankings of Olympic Synthetic Sacks
Contact details
Olympic Synthetic Sacks Pvt Ltd's registered office is in Mehsana, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address154/155/159/160 GIDC Phase, Mehsana, Gujarat, India
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Comprehensive company report
Olympic Synthetic Sacks Pvt Ltd - 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 Olympic Synthetic Sacks 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 Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Financials of Olympic Synthetic Sacks Pvt Ltd
FY 2025 filings availableOlympic Synthetic Sacks Pvt Ltd reported revenue of ₹40.14 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹40.14 Cr ▼ 11%
Net profit · FY 2025
₹11 Lakh margin 0.3%
EBITDA · FY 2025
₹45.44 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 8%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 51%
5 years · compounded
▼ 26%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 49% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹45.44 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 1.1% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Board of directors of Olympic Synthetic Sacks Pvt Ltd
Olympic Synthetic Sacks has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilipkumar Keshavlal Patel | Director | 19 Sep 2024 | 2 Years 1 Months | Current |
| Hardik Dilipkumar Patel | Managing Director | 01 Dec 1997 | 28 Years 11 Months | Current |
| Dipakkumar Keshavlal Patel Also directs: Las Olas Ventures LLP | Director | 15 Jul 2003 | 23 Years 3 Months | Current |
Auditor
Olympic Synthetic Sacks Pvt Ltd is audited by M.M.SALVI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.M.SALVI & CO. | FY 2023 | 109004W |
Shareholding
The shareholding of Olympic Synthetic Sacks Pvt Ltd 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹4.95 Cr
Satisfied charges
₹8.24 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2017 | 100117269 | Hdfc Bank Limited | ₹4.95 Cr | Open | |
| 03 Feb 2010 | 10202979 | The Mehsana Urban Cooperative Bank Limited | ₹1 Cr | Satisfied | |
| 10 Feb 2006 | 80036215 | State Bank of India | ₹3.85 Cr | Satisfied | |
| 25 Jan 1999 | 90109916 | State Bank of India | ₹1.55 Cr | Satisfied | |
| 02 Sep 1996 | 90109480 | The Mehsana Nagrik Sahakari Bank Ltd | ₹45 Lakh | Satisfied |
To see the full charge records of Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving Olympic Synthetic Sacks Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Olympic Synthetic Sacks Pvt Ltd has 5 MSME Form 1 returns on record between 2017 and 2019, listing 57 overdue payments to 45 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 45)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Olympic Synthetic Sacks has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACO1861C1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Olympic Synthetic Sacks Pvt Ltd, buy the company report.
Recent activity
Olympic Synthetic Sacks Pvt Ltd has 5 board changes on record since 1997: 3 appointments and 2 cessations. The latest: Dilipkumar Keshavlal Patel ceased to be Additional Director on 29 Sep 2024.
AGM
Olympic Synthetic Sacks Pvt Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Olympic Synthetic Sacks Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Dilipkumar Keshavlal Patel ceased to be Additional Director.
Appointed
Dilipkumar Keshavlal Patel was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 4.95 Cr registered on 31 May 2017 with Charge ID 100117269 was modified on 04 Jul 2019.
Charges
A charge registered on 10 Feb 2006 via Charge ID 80036215 with State Bank Of India was fully satisfied on 03 Jul 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.95 Cr with Charge ID 100117269 was registered on 31 May 2017.
Charges
A charge registered on 03 Feb 2010 via Charge ID 10202979 with The Mehsana Urban Cooperative Bank Limited was fully satisfied on 14 May 2015.
Charges
A charge registered on 25 Jan 1999 via Charge ID 90109916 with State Bank Of India was fully satisfied on 04 Feb 2011.
Charges
A charge registered on 27 Mar 1995 via Charge ID 90109262 with State Bank Of India was fully satisfied on 04 Feb 2011.
Charges
A charge registered on 27 Oct 1994 via Charge ID 90109193 with State Bank Of India was fully satisfied on 04 Feb 2011.
Charges
A charge registered on 13 Feb 1991 via Charge ID 90108728 with State Bank Of India was fully satisfied on 04 Feb 2011.
17 earlier events are in the company report.
Frequently asked questions
Olympic Synthetic Sacks is an active private limited company based in Mehsana, Gujarat, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 16 August 1979 (47+ years old) and is registered under CIN U11299GJ1979PTC003483.
Olympic Synthetic Sacks has 3 current directors:
- Hardik Dilipkumar Patel - Managing Director
- Dilipkumar Keshavlal Patel - Director
- Dipakkumar Keshavlal Patel - Director
The latest financial statements of Olympic Synthetic Sacks 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.
The GSTIN of Olympic Synthetic Sacks is 24AAACO1861C1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Olympic Synthetic Sacks is U11299GJ1979PTC003483. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Olympic Synthetic Sacks was incorporated on 16 August 1979, making it 47+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dilipkumar Keshavlal Patel ceased to be Additional Director on 29 Sep 2024. Dilipkumar Keshavlal Patel was appointed as Director on 19 Sep 2024. Hemangkumar Manibhai Patel ceased to be Director on 01 Apr 2009. Olympic Synthetic Sacks has 5 board changes on record in total.
Yes, Olympic Synthetic Sacks is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-14-0000911).
Olympic Synthetic Sacks has 5 MSME Form 1 returns on record between 2017 and 2019, listing 57 overdue payments to 45 micro and small suppliers. The latest return was filed on 09 Jun 2019.
The registered office of Olympic Synthetic Sacks is at 154155159160 GIDC Phase, Mehsana, Gujarat, India.
Olympic Synthetic Sacks operates in the packaging industry, in the woven packaging products segment.
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