India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,028 Jaiprakash Chiripal & family ₹2,600 Cr
Revenue · FY 2025
₹5,000
Latest filing
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹1,192.11 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings
GST registrations
2
None active
Last financials
Mar 2025
Balance sheet date
About Picasso Flexibles Limited
Data last updated:
Picasso Flexibles Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Chiripal Poly Films Limited. It operates in the paper and paper products segment of the paper and packaging sector. It was incorporated on 15 June 2015 and has been in existence for over 11 years.
Its director Jaiprakash Chiripal and family are #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21020MH2015PLC265556. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Jaiprakash Devkinandan Chiripal and Sumant Singhal.
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 109/110 Penunsula Centre Dr. S. Rao Road Parel, Mumbai, Maharashtra, India – 400012.
As per MCA filings, the company has open charges of ₹1,192.11 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiripalgroup.com.
Company details
CIN U21020MH2015PLC265556
Registration Number 265556
Incorporation Date 15 June 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Chiripal Poly Films Limited
Compliance Status Active Compliant
Key People
Vansh Jaiprakash Chiripal Additional Director Jaiprakash Devkinandan Chiripal Director Sumant Singhal Director Recognitions & Rankings of Picasso Flexibles
Contact details
Picasso Flexibles Limited's registered office is in Mumbai, Maharashtra. Its website is chiripalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address109/110 Penunsula Centre Dr. S. Rao Road Parel, Mumbai, Maharashtra, India – 400012
- IndustryPaper, Paper & Paper Products, Corrugated Paper And Paperboard Container, Manufacturing
To see the full contact details of Picasso Flexibles Limited, buy the company report.
Comprehensive company report
Picasso Flexibles Limited - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Picasso Flexibles Limited
FY 2025 filings availablePicasso Flexibles Limited reported revenue of ₹5,000 for FY 2025.
Revenue · FY 2025
₹5,000
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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 | |||||
| Net Profit Margin | |||||
| 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 Picasso Flexibles Limited, buy the company report.
Board of directors of Picasso Flexibles Limited
Picasso Flexibles 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 |
|---|---|---|---|---|
| Vansh Jaiprakash Chiripal | Additional Director | 25 Apr 2025 | 1 Years 6 Months | Current |
| Jaiprakash Devkinandan Chiripal Also directs: Chiripal Poly Films Limited, CPF Eco Sol Private Limited, Nandan Chiripal Energy Coporation LLP and 5 more | Director | 15 Jun 2015 | 11 Years 4 Months | Current |
| Sumant Singhal | Director | 15 Jun 2015 | 11 Years 4 Months | Current |
Auditor
Picasso Flexibles Limited is audited by NAHTA JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAHTA JAIN & ASSOCIATES | FY 2023 | 106801W |
Shareholding
The shareholding of Picasso Flexibles 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 Picasso Flexibles Limited, buy the company report.
Charges & borrowings
Open charges
₹1,192.11 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2020 | 100320332 | Others | ₹11.41 Cr | Open | |
| 13 Sep 2019 | 100292152 | Others | ₹1,180.7 Cr | Open |
To see the full charge records of Picasso Flexibles Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Picasso Flexibles Limited 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
No delayed payments to MSME suppliers are on our record for Picasso Flexibles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Picasso Flexibles has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
To see the full GST registrations and return filing status of Picasso Flexibles Limited, buy the company report.
Recent activity
Picasso Flexibles Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Vansh Jaiprakash Chiripal was appointed as Additional Director on 25 Apr 2025.
AGM
Picasso Flexibles Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 1,141.00 Lakh registered on 20 Jan 2020 with Charge ID 100320332 was modified on 10 Jun 2025.
Appointed
Vansh Jaiprakash Chiripal was appointed as Additional Director.
Filing
Picasso Flexibles Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 118,070.30 Lakh registered on 13 Sep 2019 with Charge ID 100292152 was modified on 12 Nov 2020.
Charges
A charge with Others amounted to Rs. 1,141.00 Lakh with Charge ID 100320332 was registered on 20 Jan 2020.
Charges
A charge with Others amounted to Rs. 118,070.30 Lakh with Charge ID 100292152 was registered on 13 Sep 2019.
Ceased
Jyotiprasad Devkinandan Chiripal ceased to be Additional Director.
Ceased
Vedprakash Devkinandan Chiripal ceased to be Director.
Appointed
Jaiprakash Devkinandan Chiripal was appointed as Director.
Appointed
Sumant Singhal was appointed as Director.
Incorporation
15 Jun 2015
Picasso Flexibles Limited was registered on 15 Jun 2015 with Roc Mumbai & aged 11 years 4 months as per MCA records.
Frequently asked questions
Picasso Flexibles is an active public limited company based in Mumbai, Maharashtra, India. The company works in paper and paper products, within the paper industry. It was incorporated on 15 June 2015 (11+ years old) and is registered under CIN U21020MH2015PLC265556.
Picasso Flexibles has 3 current directors:
- Vansh Jaiprakash Chiripal - Additional Director
- Jaiprakash Devkinandan Chiripal - Director
- Sumant Singhal - Director
The latest financial statements of Picasso Flexibles 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 FY 2016 are in the company report.
No. Picasso Flexibles has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Picasso Flexibles is U21020MH2015PLC265556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Picasso Flexibles was incorporated on 15 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Vansh Jaiprakash Chiripal was appointed as Additional Director on 25 Apr 2025. Jyotiprasad Devkinandan Chiripal ceased to be Additional Director on 24 Aug 2016. Vedprakash Devkinandan Chiripal ceased to be Director on 24 Aug 2016. Picasso Flexibles has 5 board changes on record in total.
Picasso Flexibles can be reached through the website chiripalgroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Picasso Flexibles is at 109110 Penunsula Centre Dr. S. Rao Road Parel, Mumbai, Maharashtra, India – 400012.
Picasso Flexibles operates in the paper industry, in the paper and paper products segment.