Papcon (Indore) Pvt Ltd
About Papcon (Indore) Pvt Ltd
Data last updated:
Papcon (Indore) Pvt Ltd is a private limited company based in Indore., Madhya Pradesh, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 28 April 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U21014MP1982PTC001969. Its GSTIN is 23AADCP2416K1ZN (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors including Ajay Pasari and Purushottam Das Pasari.
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 84 Sir Hukumchand Marg, Indore., Madhya Pradesh, India – 452002.
As per the financials filed for FY 2025, the company reported a revenue of ₹58.15 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹27.15 Lakh (net margin 0.5%) and EBITDA of ₹4.98 Cr (EBITDA margin 8.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 13% over five years.
The company has about 1,361 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.49 Cr and satisfied charges of ₹17 Lakh on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2007. Its 10 peer companies in the Manufacturing industry (Pharma Packaging, Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Natraj Cotton Private Limited with revenue of ₹58.32 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 14 overdue payments to 9 micro and small suppliers totalling ₹2.24 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address84 Sir Hukumchand Marg, Indore., Madhya Pradesh, India – 452002
- IndustryFashion and Textile, Designer & Branded Fashion
- 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 Papcon (Indore) Pvt Ltd
The main business activity of Papcon (Indore) is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel 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 Papcon (Indore) Pvt Ltd FY 2025 filings available
Papcon (Indore) Pvt Ltd reported revenue of ₹58.15 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Papcon (Indore) Pvt Ltd
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 47% 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 Papcon (Indore) Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.15 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Papcon (Indore) Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Papcon (Indore) 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 Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd is compared with the companies closest to it by revenue in the Manufacturing industry (Pharma Packaging, Textiles). Its own revenue is ₹58.15 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Natraj Cotton Private Limited | ₹58.32 Cr | ₹25.63 Lakh | 0% | -15% | 1 | Nanded, Maharashtra, India |
| B M Agro Industries Limited | ₹58.31 Cr | ₹38.15 Lakh | 1% | -2% | Delhi, India | |
| Vishwesh Knitting and Dyeing Mills Private Limited | ₹58.24 Cr | ₹3.93 Cr | 7% | +10% | 26 | Surat, Gujarat, India |
| Somila Texfab (India) Private Limited | ₹58.23 Cr | ₹45.75 Lakh | -1% | -39% | Bhilwara, Rajasthan, India | |
| Endurafab Private Limited | ₹58.22 Cr | ₹46.25 Lakh | -1% | Indore, Madhya Pradesh, India | ||
| Papcon (Indore) Pvt Ltd this company | ₹58.15 Cr | ₹27.15 Lakh | 0.5% | Indore., Madhya Pradesh, India | ||
| Derik Monofil Private Limited | ₹58.12 Cr | ₹73.16 Lakh | 1% | +18% | 76 | Nagercoil 629 002., Tamil Nadu, India |
| Shri Maru Silk Mills Private Limited | ₹58.12 Cr | ₹12 Lakh | 0% | +5% | Surat City, Gujarat, India | |
| GJ Innovations & Textile Network Private Limited | ₹58.05 Cr | ₹90.24 Lakh | 2% | +12% | Virudhunagar, Tamil Nadu, India | |
| VHM Industries Limited | ₹58.03 Cr | ₹170.07 Cr | -293% | +240% | Mumbai City, Maharashtra, India | |
| Rungta Greentech Limited | ₹58.03 Cr | ₹5.17 Cr | 9% | +15% | 94 | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Papcon (Indore) by revenue in the Manufacturing industry (Pharma Packaging, Textiles), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd is audited by AVINASH AGRAWAL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AVINASH AGRAWAL & 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 Papcon (Indore) Pvt Ltd
Papcon (Indore) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Pasari Also directs: R.T. Syntex Pvt Ltd, Pasari Textiles Pvt Ltd | Director | 30 Mar 2002 | 24 Years 6 Months | Current |
| Purushottam Das Pasari Also directs: R.T. Syntex Pvt Ltd, Indore Cloth Market Warehouse Private Limited, Pasari Textiles Pvt Ltd and 2 more | Director | 10 Dec 2014 | 11 Years 9 Months | Current |
| Manan Pasari Also directs: R.T. Syntex Pvt Ltd, Pasari Textiles Pvt Ltd | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
Ownership and Shareholding of Papcon (Indore) Pvt Ltd
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 Papcon (Indore) Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 May 2018 | State Bank of India | ₹3.5 Lakh | Open |
| 27 Sep 2017 | Others | ₹8.45 Cr | Open |
| 08 Oct 2012 | Bank of Maharashtra | ₹1 Cr | Open |
| 26 Oct 1989 | Central Bank of India | ₹17 Lakh | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd has 1 deal on record (1 secondary share transfer); the latest was in March 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd has 3 court cases on record: 2 filed by Papcon (Indore), 1 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhopal, Madhya Pradesh | Court case (EX AB) | Filed by the company against Nepa Ltd | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (MJC AV) | Filed against the company by Nepa Ltd | Disposed |
| District court, South West, Delhi | Court case (CS DJ ADJ) | Filed by the company against an individual | Disposed |
Full case history
All 3 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 Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 14 overdue payments to 9 micro and small suppliers totalling ₹2.24 Lakh. 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.
Returns by period
| Period ending | Returns | Overdue payments | Amount reported |
|---|---|---|---|
| 31 Mar 2019 | 1 | 5 | ₹88,526 |
| 22 Jan 2019 | 1 | 9 | ₹1.36 Lakh |
Latest dues on record (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adarsh Tyres & Tread Pvt Ltd | ₹9,534 | 05 Feb 2019 | 30 May 2019 |
| Bhaskar Polyplast and Packaging Private Limited | ₹61,687 | 05 Dec 2018 | 30 May 2019 |
| Raj Barcode Systems Private Limited | ₹30,678 | 15 Oct 2018 | 30 May 2019 |
| an individual supplier | ₹994 | 29 Sep 2018 | 30 May 2019 |
| an individual supplier | ₹7,065 | 22 Sep 2018 | 30 May 2019 |
Reason given by the company: payments are regular, but the mentioned payment is delayed due to supply conditions, discount policy and rejection matters are pending from the suppliers and some specific conditions.
Full MSME payment history
Every supplier, amount and due date from all 2 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 are as reported by Papcon (Indore) in its own returns.
Employees and EPFO Compliance at Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd has a workforce of 1,361 employees as of Apr 07, 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.
Recent Activity on Papcon (Indore) Pvt Ltd
Papcon (Indore) Pvt Ltd has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Manan Pasari was appointed as Director on 30 Sep 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Papcon (Indore) Pvt Ltd
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 Papcon (Indore) Pvt Ltd
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 Papcon (Indore) Pvt Ltd
Papcon (Indore) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCP2416K1ZN | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AADCP2416K2ZM | Madhya Pradesh | Active | 16 Mar 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 Papcon (Indore) Pvt Ltd
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 Papcon (Indore) Pvt Ltd
Papcon (Indore) is an active private limited company based in Indore, Madhya Pradesh, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 28 April 1982 (44+ years old) and is registered under CIN U21014MP1982PTC001969.
Papcon (Indore) reported revenue of ₹58.15 Cr for FY 2025 (up 5% YoY).
Papcon (Indore) has 3 current directors:
- Ajay Pasari - Director
- Purushottam Das Pasari - Director
- Manan Pasari - Director
Papcon (Indore) reported a net profit of ₹27.15 Lakh (net margin 0.5%) and EBITDA of ₹4.98 Cr (EBITDA margin 8.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Papcon (Indore) is -1% over three years and -13% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Papcon (Indore) is 23AADCP2416K1ZN, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AADCP2416K2ZM (Madhya Pradesh).
The CIN (Corporate Identification Number) of Papcon (Indore) is U21014MP1982PTC001969. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Papcon (Indore) has 3 court cases on record: 2 filed by the company and 1 filed against it.
Papcon (Indore) was incorporated on 28 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Gwalior.
Papcon (Indore) has 1 deal on record (1 secondary share transfer); the latest was in March 2007.
The peers of Papcon (Indore) by revenue are Natraj Cotton Private Limited, B M Agro Industries Limited, Vishwesh Knitting and Dyeing Mills Private Limited, Somila Texfab (India) Private Limited, Endurafab Private Limited and 5 more, all in the Manufacturing industry (Pharma Packaging, Textiles).
Manan Pasari was appointed as Director on 30 Sep 2024. Amit Pasari ceased to be Director on 10 Dec 2014. Purushottam Das Pasari was appointed as Director on 10 Dec 2014. Papcon (Indore) has 4 board changes on record in total.