- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-08-0000624

About Panoply Packagings Private Limited
Data last updated:
Panoply Packagings Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 30 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74950TN2006PTC060020. Its GSTIN is 33AAECP7941A1ZQ (Tamil Nadu).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.9 Cr. It is led by directors including Vardhaman Bafna and Trilokchand Rajendra Bafna.
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 No.61 Menicholss Road Chetpet Off Nowroji Road Chennai – 31, Tamil Nadu, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹154.92 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹11.52 Cr (net margin 7.4%) and EBITDA of ₹20.16 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 10% over five years.
The company has about 98 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹92.69 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹5.89 Cr; the latest was in February 2023. Its 7 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 3 smaller; the largest is Noble Printing Press Private Limited with revenue of ₹158.83 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 3 overdue payments to 3 micro and small suppliers.
Panoply Packagings Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-08-0000624). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panoplypack.com.
Company details
Recognitions & Rankings of Panoply Packagings
Contact details
Panoply Packagings Private Limited's registered office is in Chennai, Tamil Nadu. Its website is panoplypack.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.61 Menicholss Road Chetpet Off Nowroji Road Chennai – 31, Tamil Nadu, India
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Panoply Packagings Private Limited, buy the company report.
- 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
Business activity
The main business activity of Panoply Packagings is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Panoply Packagings Private Limited, buy the company report.
Financials of Panoply Packagings Private Limited
FY 2024 filings availablePanoply Packagings Private Limited reported revenue of ₹154.92 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 8% growth in the latest year. EBITDA fell 8% 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 |
|---|---|---|---|---|---|
| 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 | ₹20.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.52 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 7.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Panoply Packagings Private Limited, buy the company report.
Board of directors of Panoply Packagings Private Limited
Panoply Packagings has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vardhaman Bafna | Director | 30 May 2006 | 20 Years 5 Months | Current |
| Trilokchand Rajendra Bafna | Director | 30 May 2006 | 20 Years 5 Months | Current |
| Mahaveer Chand Jain | Director | 30 May 2006 | 20 Years 5 Months | Current |
| Neeraj Bafna | Director | 11 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Panoply Packagings Private Limited is compared with the 7 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Noble Printing Press Private Limited | ₹158.83 Cr (FY 2025) | 401.0% | Thane, Maharashtra, India | |||
| Dhawan Box Sheet Containers Private Limited | ₹158.38 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| T.G.I. Packaging Private Limited | ₹156.09 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Sarwamangal Kraft Tech Private Limited | ₹155.34 Cr (FY 2025) | 29.0% | Giridih, Jharkhand, India | |||
| Panoply Packagings Private Limitedthis company | ₹154.92 Cr (FY 2025) | ₹11.52 Cr | 7.4% | 8.0% | 98 | Chennai, Tamil Nadu, India |
| Cambay Technopack Private Limited | ₹153.19 Cr (FY 2025) | 27.0% | Mandvi, Gujarat, India | |||
| Saraswati Udyog India Limited | ₹151.2 Cr (FY 2018) | 43.0% | Erode, Tamil Nadu, India | |||
| GWP Solutions Private Limited | ₹149.79 Cr (FY 2025) | 23.0% | Hubli, Karnataka, India |
To see the full peer comparison of Panoply Packagings Private Limited, buy the company report.
Auditor
Panoply Packagings Private Limited is audited by Rajani & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajani & Co | FY 2023 | 003433S |
Shareholding
The shareholding of Panoply Packagings Private 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 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panoply Packagings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2021 | 100436566 | The Hongkong and Shanghai Banking Corporation Limited | ₹35 Cr | Open | |
| 23 May 2017 | 100103472 | Others | ₹9.46 Cr | Satisfied | |
| 16 Mar 2017 | 100097819 | Others | ₹22 Cr | Satisfied | |
| 23 Aug 2016 | 100062836 | Tata Capital Financial Services Limited | ₹7 Cr | Satisfied | |
| 31 Dec 2015 | 10611708 | Others | ₹14.07 Cr | Satisfied |
To see the full charge records of Panoply Packagings Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Panoply Packagings Private Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹5.89 Cr; the latest was in February 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Jaswant Bafna Huf, 3 individuals |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
To see the full deal history of Panoply Packagings Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Panoply Packagings Private Limited has 1 court case on record: 1 filed by Panoply Packagings. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Axis Bank Ltd | Disposed |
To see the full case history of Panoply Packagings Private 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
Panoply Packagings Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Usha Fire Safety Equipments Private Limited | |||
| an individual supplier | |||
| Finsys Infotech Limited |
To see the full MSME payment records of Panoply Packagings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Panoply Packagings Private Limited has a workforce of 98 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Panoply Packagings has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECP7941A1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panoply Packagings Private Limited, buy the company report.
Recent activity
Panoply Packagings Private Limited has 4 board changes on record since 2006: 4 appointments. The latest: Neeraj Bafna was appointed as Director on 11 Jan 2024.
31 earlier events are in the company report.
Frequently asked questions
Panoply Packagings is an active private limited company based in Chennai, Tamil Nadu, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 30 May 2006 (20+ years old) and is registered under CIN U74950TN2006PTC060020.
Panoply Packagings has 4 current directors:
- Vardhaman Bafna - Director
- Trilokchand Rajendra Bafna - Director
- Mahaveer Chand Jain - Director
- Neeraj Bafna - Director
The latest financial statements of Panoply Packagings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Panoply Packagings is 33AAECP7941A1ZQ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Panoply Packagings is U74950TN2006PTC060020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panoply Packagings has 1 court case on record: 1 filed by the company.
Panoply Packagings was incorporated on 30 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Panoply Packagings has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹5.89 Cr; the latest was in February 2023.
The peers of Panoply Packagings by revenue are Noble Printing Press Private Limited, Dhawan Box Sheet Containers Private Limited, T.G.I. Packaging Private Limited, Sarwamangal Kraft Tech Private Limited, Cambay Technopack Private Limited and 2 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Neeraj Bafna was appointed as Director on 11 Jan 2024. Mahaveer Chand Jain was appointed as Director on 30 May 2006. Trilokchand Rajendra Bafna was appointed as Director on 30 May 2006. Panoply Packagings has 4 board changes on record in total.
Yes, Panoply Packagings is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-08-0000624).
Panoply Packagings has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 01 Sep 2020.

