MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-17-0000330
PN Polybags Private Limited - packaging in Dhar, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹37.16 Cr
▲ 15% YoY
Net profit · FY 2024
₹17.71 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹2.38 Cr
EBITDA margin 6.4%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹51.53 Cr
Satisfied ₹26.76 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
55
Provident fund records
About PN Polybags Private Limited
Data last updated:
PN Polybags Private Limited is a private limited company based in Dhar, Madhya Pradesh, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 25 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25209MP2014PTC033480. Its GSTIN is 23AAHCP9039J1Z4 (Madhya Pradesh).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Narendra Kulkarni (Managing Director) and Prateek Kulkarni.
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 Plot No. 65A Industrial Growth Centre Pithampur Sector – 3 Distt. Dhar, Madhya Pradesh, India – 454774.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.16 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹17.71 Lakh (net margin 0.5%) and EBITDA of ₹2.38 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 7% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PN Polybags. As per MCA filings, the company has open charges of ₹51.53 Cr and satisfied charges of ₹26.76 Cr on record.
PN Polybags Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-17-0000330). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pnpolybags.com.
Company details
CIN U25209MP2014PTC033480
Registration Number 033480
Incorporation Date 25 November 2014
ROC Gwalior
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-17-0000330
Recognitions & Rankings of PN Polybags
Contact details
PN Polybags Private Limited's registered office is in Dhar, Madhya Pradesh. Its website is pnpolybags.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 65A Industrial Growth Centre Pithampur Sector – 3 Distt. Dhar, Madhya Pradesh, India – 454774
- IndustryPackaging, Woven Packaging Products
To see the full contact details of PN Polybags Private Limited, buy the company report.
Comprehensive company report
PN Polybags Private 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
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Brands
PN Polybags operates one associated brand: PN Polybags. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying packaging solutions for agriculture and industrial sectors. | pnpolybags.com |
Business activity
The main business activity of PN Polybags 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 PN Polybags Private Limited, buy the company report.
Financials of PN Polybags Private Limited
FY 2024 filings availablePN Polybags Private Limited reported revenue of ₹37.16 Cr (up 15% YoY) for FY 2024.
Revenue · FY 2024
₹37.16 Cr ▲ 15%
Net profit · FY 2024
₹17.71 Lakh margin 0.5%
EBITDA · FY 2024
₹2.38 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▼ 3%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 14%
5 years · compounded
▼ 5%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 15% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.71 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | ||||
| 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 | |||||
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| 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 PN Polybags Private Limited, buy the company report.
Board of directors of PN Polybags Private Limited
PN Polybags 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 |
|---|---|---|---|---|
| Prateek Kulkarni Also directs: PN Polypack Private Limited | Director | 26 Jun 2020 | 6 Years 4 Months | Current |
| Priya Kulkarni Also directs: PN Polypack Private Limited | Director | 25 Nov 2014 | 11 Years 11 Months | Current |
| Narendra Kulkarni Also directs: PN Polypack Private Limited | Managing Director | 25 Nov 2014 | 11 Years 11 Months | Current |
Peer comparison
PN Polybags Private Limited is compared with the 7 companies closest to it by revenue in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Krishna Woven Sacks Private Limited | ₹37.65 Cr (FY 2024) | -3.0% | Hyderabad, Telangana, India | |||
| Modern Laminators Ltd | ₹37.51 Cr (FY 2025) | -65.0% | Kolkata, West Bengal, India | |||
| Microplast Polytex Industries Private Limited | ₹37.5 Cr (FY 2024) | 32.0% | Nagpur, Maharashtra, India | |||
| Ananya Package Private Limited | ₹37.17 Cr (FY 2024) | 9.0% | Mandideep, Madhya Pradesh, India | |||
| PN Polybags Private Limitedthis company | ₹37.16 Cr (FY 2024) | ₹17.71 Lakh | 0.5% | 15.0% | 55 | Dhar, Madhya Pradesh, India |
| Garg Polypacks Private Limited | ₹36.95 Cr (FY 2025) | -4.0% | Uttar Pradesh, India | |||
| Kamal Polyweave Private Limited | ₹36.74 Cr (FY 2025) | 87.0% | Kamthi, Maharashtra, India | |||
| Uwon Packaging Private Limited | ₹36.72 Cr (FY 2025) | 61.0% | Rajsamand, Rajasthan, India |
To see the full peer comparison of PN Polybags Private Limited, buy the company report.
Auditor
PN Polybags Private Limited is audited by Dilip Rathor & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dilip Rathor & Co. | FY 2023 | 077973 |
Shareholding
The shareholding of PN Polybags 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of PN Polybags Private Limited, buy the company report.
Charges & borrowings
Open charges
₹51.53 Cr
Satisfied charges
₹26.76 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2024 | 100938188 | Others | ₹19 Cr | Open | |
| 02 Mar 2023 | 100702297 | Hdfc Bank Limited | ₹9.25 Cr | Open | |
| 14 Jun 2021 | 100470032 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 24 Feb 2021 | 100423783 | Hdfc Bank Limited | ₹23.13 Cr | Open | |
| 08 Jul 2020 | 100350777 | Others | ₹2.55 Cr | Satisfied |
To see the full charge records of PN Polybags Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving PN Polybags Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
PN Polybags Private Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of PN Polybags Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for PN Polybags Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
PN Polybags Private Limited has a workforce of 55 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
77.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 55 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of PN Polybags Private Limited, buy the company report.
GST
PN Polybags has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAHCP9039J1Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of PN Polybags Private Limited, buy the company report.
Recent activity
PN Polybags Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Prateek Kulkarni ceased to be Additional Director on 31 Dec 2020.
Charges
A charge with Hdfc Bank Limited of Rs. 9.25 Cr registered on 02 Mar 2023 with Charge ID 100702297 was modified on 24 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 23.13 Cr registered on 24 Feb 2021 with Charge ID 100423783 was modified on 24 Sep 2025.
AGM
Pn Polybags Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 19.00 Cr with Charge ID 100938188 was registered on 19 May 2024.
Filing
Pn Polybags Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 9.25 Cr with Charge ID 100702297 was registered on 02 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100470032 was registered on 14 Jun 2021.
Charges
A charge registered on 16 Jan 2016 via Charge ID 10617803 with Others was fully satisfied on 03 Jun 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 23.13 Cr with Charge ID 100423783 was registered on 24 Feb 2021.
Charges
A charge registered on 08 Jul 2020 via Charge ID 100350777 with Others was fully satisfied on 20 Feb 2021.
Charges
A charge registered on 27 Sep 2019 via Charge ID 100291891 with Others was fully satisfied on 20 Feb 2021.
Ceased
Prateek Kulkarni ceased to be Additional Director.
12 earlier events are in the company report.
Frequently asked questions
PN Polybags is an active private limited company based in Dhar, Madhya Pradesh, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 25 November 2014 (12+ years old) and is registered under CIN U25209MP2014PTC033480.
PN Polybags has 3 current directors:
- Narendra Kulkarni - Managing Director
- Prateek Kulkarni - Director
- Priya Kulkarni - Director
The latest financial statements of PN Polybags 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 PN Polybags is 23AAHCP9039J1Z4, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of PN Polybags is U25209MP2014PTC033480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
PN Polybags was incorporated on 25 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of PN Polybags by revenue are Krishna Woven Sacks Private Limited, Modern Laminators Ltd, Microplast Polytex Industries Private Limited, Ananya Package Private Limited, Garg Polypacks Private Limited and 2 more, all in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Prateek Kulkarni ceased to be Additional Director on 31 Dec 2020. Sudhir Laxmanrao Kulkarni ceased to be Director on 06 Jul 2020. Prateek Kulkarni was appointed as Director on 26 Jun 2020. PN Polybags has 5 board changes on record in total.
Yes, PN Polybags is registered as a small enterprise under Udyam registration (number: UDYAM-MP-17-0000330).
PN Polybags can be reached through the website pnpolybags.com. Its registered office is in Dhar, Madhya Pradesh, India.
The registered office of PN Polybags is at Plot No. 65A Industrial Growth Centre Pithampur Sector – 3 Distt. Dhar, Madhya Pradesh, India – 454774.
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