MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0097235
Rashi Packs Private Limited
Rashi Packs Private Limited - packaging in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹77.07 Lakh
▼ 64% YoY
Net loss · FY 2024
₹61.86 Lakh
Net margin -80.3%
EBITDA · FY 2024
-₹56.37 Lakh
EBITDA margin -73.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹93.55 Lakh
Secured borrowings
Company age
44 yrs
Est. 1982
Employees · EPFO
6
Provident fund records
About Rashi Packs Private Limited
Data last updated:
Rashi Packs Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the paper segment of the packaging sector. It was incorporated on 13 January 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29219KA1982PTC004590. Its GSTIN is 29AABCR9714L1ZU (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Karkala Narayan Devadiga (Managing Director) and Geetha Narayan.
Its last annual general meeting (AGM) was held on 05 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 63/5 Hegganahalli Byreshwaraindustrial Estate Andrahalli Main Road Nera Peenya 11nd, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2024, the company reported a revenue of ₹77.07 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹61.86 Lakh (net margin -80.3%) and EBITDA of -₹56.37 Lakh (EBITDA margin -73.1%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹93.55 Lakh on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 1 case is pending.
Rashi Packs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0097235). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U29219KA1982PTC004590
Registration Number 004590
Incorporation Date 13 January 1982
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 05 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0097235
CIN history
Rashi Packs has one previous CIN (Corporate Identification Number): U22219KA1982PTC004590. The current CIN is U29219KA1982PTC004590, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29219KA1982PTC004590 | Current |
| U22219KA1982PTC004590 | Previous |
Recognitions & Rankings of Rashi Packs
Contact details
Rashi Packs Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address63/5 Hegganahalli Byreshwaraindustrial Estate Andrahalli Main Road Nera Peenya 11nd, Bangalore, Karnataka, India – 560091
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Rashi Packs Private Limited, buy the company report.
Comprehensive company report
Rashi Packs 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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Business activity
The main business activity of Rashi Packs 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 Rashi Packs Private Limited, buy the company report.
Financials of Rashi Packs Private Limited
FY 2024 filings availableRashi Packs Private Limited reported revenue of ₹77.07 Lakh (down 64% YoY) for FY 2024.
Revenue · FY 2024
₹77.07 Lakh ▼ 64%
Net loss · FY 2024
₹61.86 Lakh margin -80.3%
EBITDA · FY 2024
-₹56.37 Lakh margin -73.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 64%
3 years · compounded
▼ 15%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 453%
3 years · compounded
▼ 64%
5 years · compounded
▼ 61%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 64% fall in the latest year. EBITDA fell 453% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹56.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹61.86 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -73.1% | ||||
| Net Profit Margin | -80.3% | ||||
| 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 Rashi Packs Private Limited, buy the company report.
Board of directors of Rashi Packs Private Limited
Rashi Packs has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karkala Narayan Devadiga | Managing Director | 13 Jan 1982 | 44 Years 9 Months | Current |
| Geetha Narayan | Director | 22 Mar 2004 | 22 Years 7 Months | Current |
Peer comparison
Rashi Packs 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 |
|---|---|---|---|---|---|---|
| Shinde Packaging Private Limited | ₹78.22 Lakh (FY 2021) | -25.0% | Verna, Goa, India | |||
| Bhagawati Boards Private Limited | ₹78.22 Lakh (FY 2025) | -8.0% | Mehsana, Gujarat, India | |||
| Globe India Packaging Private Limited | ₹78.18 Lakh (FY 2024) | 28.0% | Coimbatore, Tamil Nadu, India | |||
| Ran-Pack Enterprises Pvt Ltd | ₹77.94 Lakh (FY 2025) | -29.0% | Aurangabad, Maharashtra, India | |||
| Rashi Packs Private Limitedthis company | ₹77.07 Lakh (FY 2024) | -₹61.86 Lakh | -80.3% | -64.0% | 6 | Bangalore, Karnataka, India |
| Packkart Resources Private Limited | ₹76.91 Lakh (FY 2022) | 26.0% | Bhiwandi, Maharashtra, India | |||
| Gosthani Hi-Tech Cartons Private Limited | ₹76.81 Lakh (FY 2025) | -32.0% | Hyderabad, Telangana, India | |||
| Chyavan Packaging India Private Limited | ₹76.61 Lakh (FY 2025) | 19.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Rashi Packs Private Limited, buy the company report.
Auditor
Rashi Packs Private Limited is audited by B P RAO AND CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B P RAO AND CO | FY 2022 | 003116S |
Shareholding
The shareholding of Rashi Packs Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rashi Packs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹93.55 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2010 | 10210942 | Syndicate Bank | ₹1.5 Lakh | Open | |
| 12 Mar 2010 | 10210952 | Syndicate Bank | ₹5 Lakh | Open | |
| 05 Jun 2008 | 10164177 | Syndicate Bank | ₹4.8 Lakh | Open | |
| 01 Jun 2005 | 90193000 | Canara Bank | ₹50 Lakh | Open | |
| 14 Mar 1997 | 90195364 | Syndicate Bank | ₹10 Lakh | Open |
To see the full charge records of Rashi Packs Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Rashi Packs Private Limited has 8 court cases on record: 6 filed by Rashi Packs, 2 filed against it. 1 case is pending and 7 are disposed.
Total cases
8
Filed by the company
6
Filed against the company
2
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Electrex India Ltd. | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against Trendswear Exports India Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Pee Ess Enterprises | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Pee Ess Enterprises | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against Integrated Fashion Ltd | Disposed |
To see the full case history of Rashi Packs 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
No delayed payments to MSME suppliers are on our record for Rashi Packs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rashi Packs Private Limited has a workforce of 6 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
-33.33%
GST
Rashi Packs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCR9714L1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rashi Packs Private Limited, buy the company report.
Recent activity
Rashi Packs Private Limited has 2 board changes on record since 1982: 2 appointments. The latest: Geetha Narayan was appointed as Director on 22 Mar 2004.
AGM
Rashi Packs Private Limited last Annual general meeting of members was held on 05 Nov 2024 as per latest MCA records.
Filing
Rashi Packs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank of Rs. 50.00 Lakh registered on 01 Jun 2005 with Charge ID 90193000 was modified on 03 Dec 2021.
Charges
A charge with Syndicate Bank amounted to Rs. 1.50 Lakh with Charge ID 10210942 was registered on 12 Mar 2010.
Charges
A charge with Syndicate Bank amounted to Rs. 5.00 Lakh with Charge ID 10210952 was registered on 12 Mar 2010.
Charges
A charge with Syndicate Bank amounted to Rs. 4.80 Lakh with Charge ID 10164177 was registered on 05 Jun 2008.
Charges
A charge with Canara Bank amounted to Rs. 50.00 Lakh with Charge ID 90193000 was registered on 01 Jun 2005.
Appointed
Geetha Narayan was appointed as Director.
Charges
A charge with Syndicate Bank of Rs. 10.00 Lakh registered on 14 Mar 1997 with Charge ID 90195364 was modified on 03 Apr 1998.
Charges
A charge with Syndicate Bank amounted to Rs. 10.00 Lakh with Charge ID 90195364 was registered on 14 Mar 1997.
Charges
A charge with Syndicate Bank amounted to Rs. 10.00 Lakh with Charge ID 90195265 was registered on 30 Jun 1995.
Charges
A charge with Syndicate Bank amounted to Rs. 5.75 Lakh with Charge ID 90195168 was registered on 19 Mar 1994.
3 earlier events are in the company report.
Frequently asked questions
Rashi Packs is an active private limited company based in Bangalore, Karnataka, India. The company works in paper, within the packaging industry. It was incorporated on 13 January 1982 (44+ years old) and is registered under CIN U29219KA1982PTC004590.
Rashi Packs has 2 current directors:
- Karkala Narayan Devadiga - Managing Director
- Geetha Narayan - Director
The latest financial statements of Rashi Packs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rashi Packs is 29AABCR9714L1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Rashi Packs is U29219KA1982PTC004590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rashi Packs has 8 court cases on record: 6 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Rashi Packs was incorporated on 13 January 1982, making it 44+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rashi Packs by revenue are Shinde Packaging Private Limited, Bhagawati Boards Private Limited, Globe India Packaging Private Limited, Ran-Pack Enterprises Pvt Ltd, Packkart Resources 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).
Geetha Narayan was appointed as Director on 22 Mar 2004. Karkala Narayan Devadiga was appointed as Managing Director on 13 Jan 1982.
Yes, Rashi Packs is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0097235).
The registered office of Rashi Packs is at 635 Hegganahalli Byreshwaraindustrial Estate Andrahalli Main Road Nera Peenya 11nd, Bangalore, Karnataka, India – 560091.
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