MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MP-17-0000012
Safeflex International Limited - manufacturing in Dhar, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹379.1 Cr
▲ 1% YoY
Net profit · FY 2025
₹21.92 Cr
Net margin 5.8%
EBITDA · FY 2025
₹60.22 Cr
EBITDA margin 15.9%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹2.9 Cr
Issued & subscribed
Open charges
₹110 Cr
Satisfied ₹306.67 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
369
Provident fund records
About Safeflex International Limited
Data last updated:
Safeflex International Limited is a public limited company based in Dhar, Madhya Pradesh, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 20 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25151MP2006PLC067077. Its GSTIN is 23AAJCS7201D1ZS (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.9 Cr. It is led by directors including Jitesh Kumar Agrawal (Managing Director) and Akhilesh Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at F – 6 – F – 10 Phase – 1 SEZ Pithampur, Sagore Kuti Dist Dhar, Madhya Pradesh, India – 454775.
As per the financials filed for FY 2025, the company reported a revenue of ₹379.1 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹21.92 Cr (net margin 5.8%) and EBITDA of ₹60.22 Cr (EBITDA margin 15.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 12% over five years.
The company has about 369 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: SafeFlex. As per MCA filings, the company has open charges of ₹110 Cr and satisfied charges of ₹306.67 Cr on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 12 deals on record (7 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.96 Cr; the latest was in July 2018. Its 4 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 3 smaller; the largest is Universal Polychem (India) Private Limited with revenue of ₹382.29 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 21 overdue payments to 6 micro and small suppliers.
Safeflex International Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-17-0000012). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website safeflex.org.
Company details
CIN U25151MP2006PLC067077
Registration Number 067077
Incorporation Date 20 March 2006
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-17-0000012
CIN history
Safeflex International has one previous CIN (Corporate Identification Number): U25151RJ2006PLC022242. The current CIN is U25151MP2006PLC067077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25151MP2006PLC067077 | Current |
| U25151RJ2006PLC022242 | Previous |
Key People
Jitesh Kumar Agrawal Managing Director Akhilesh Agrawal Director Rakesh Khandelwal Director Recognitions & Rankings of Safeflex International
Contact details
Safeflex International Limited's registered office is in Dhar, Madhya Pradesh. Its website is safeflex.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressF – 6 – F – 10 Phase – 1 SEZ Pithampur, Sagore Kuti Dist Dhar, Madhya Pradesh, India – 454775
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Safeflex International Limited, buy the company report.
Comprehensive company report
Safeflex International 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
Brands
Safeflex International operates one associated brand: SafeFlex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of FIBC bags, container liners, and agro nets in India. | safeflex.org |
Business activity
The main business activity of Safeflex International 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 Safeflex International Limited, buy the company report.
Financials of Safeflex International Limited
FY 2024 filings availableSafeflex International Limited reported revenue of ₹379.1 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹379.1 Cr ▲ 1%
Net profit · FY 2025
₹21.92 Cr margin 5.8%
EBITDA · FY 2025
₹60.22 Cr margin 15.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 3%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 2%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 1% growth in the latest year. EBITDA fell 5% 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 | ₹60.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.92 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 | 15.9% | ||||
| Net Profit Margin | 5.8% | ||||
| 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 Safeflex International Limited, buy the company report.
Board of directors of Safeflex International Limited
Safeflex International has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhilesh Agrawal Also directs: Mewad Infrastructures Private Limited, Safe Interiors Private Limited, Ati Decor Private Limited and 4 more | Director | 20 Mar 2006 | 20 Years 7 Months | Current |
| Rakesh Khandelwal | Director | 16 Mar 2019 | 7 Years 7 Months | Current |
| Sunita Agarwal | Director | 20 Mar 2006 | 20 Years 7 Months | Current |
| Jitesh Kumar Agrawal | Managing Director | 26 Dec 2022 | 3 Years 10 Months | Current |
| Rajeev Kumar Thakur | Director | 29 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Safeflex International Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Plastic Based 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 |
|---|---|---|---|---|---|---|
| Universal Polychem (India) Private Limited | ₹382.29 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Safeflex International Limitedthis company | ₹379.1 Cr (FY 2025) | ₹21.92 Cr | 5.8% | 1.0% | Dhar, Madhya Pradesh, India | |
| Harmony Plastics Private Limited | ₹373.23 Cr (FY 2025) | 30.0% | Udaipur, Rajasthan, India | |||
| Manika Plastech Limited | ₹368.76 Cr (FY 2024) | -8.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Woco Tech Polymere Kandla Limited | ₹368.15 Cr (FY 2025) | 0.0% | Kutch, Gujarat, India |
To see the full peer comparison of Safeflex International Limited, buy the company report.
Auditor
Safeflex International Limited is audited by HARISH KHANDELWAL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARISH KHANDELWAL & CO | FY 2023 | 004116C |
Shareholding
The shareholding of Safeflex International 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 Safeflex International Limited, buy the company report.
Charges & borrowings
Open charges
₹110 Cr
Satisfied charges
₹306.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2023 | 100706605 | State Bank of India | ₹69.75 Cr | Open | |
| 16 Jul 2022 | 100603997 | Axis Bank Limited | ₹27.25 Cr | Open | |
| 10 Feb 2022 | 100540579 | Hdfc Bank Limited | ₹13 Cr | Open | |
| 03 Jul 2021 | 100486087 | State Bank of India | ₹2.1 Cr | Satisfied | |
| 24 Mar 2021 | 100440585 | Axis Bank Limited | ₹4.25 Cr | Satisfied |
To see the full charge records of Safeflex International Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Safeflex International Limited has 12 deals on record (7 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.96 Cr; the latest was in July 2018.
Total deals
12
Secondary share transfers
7
Funding rounds
5
Disclosed funding
₹26.96 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Olive Overseas Private Limited , 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Dec 2011 | Funding round | ₹4.07 Cr | Investors: Mega Power Transmission Limited, Girivar Infrastructure Private Limited , Utkantha Trading and Properties Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Olive Overseas Private Limited Seller: Mewad Polymers Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Safeinteriors Private Limited, Mewad Infrastructure Private Limited, Mewad Polymers Private Limited , an individual Seller: Mangal Murti Infrareal Private Limited , Mewad Equipments Private Limited, Raghu Nandan Rayana Limited, an individual |
To see the full deal history of Safeflex International 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
Safeflex International Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Jaipur | Insolvency matter | Filed against the company by M/S. Jagdish Timber Mart | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Ms JMT Plasp (P) Ltd. | Disposed |
| District court, North West, Delhi | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Safeflex International 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.
Credit ratings & regulatory alerts
Safeflex International Limited was last rated by Icra on 17 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Jan 2022 |
To see the full credit ratings and regulatory alerts of Safeflex International Limited, buy the company report.
MSME payment delays
Safeflex International Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 21 overdue payments to 6 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 (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Armstrong | |||
| an individual supplier | |||
| Navrang Machinery Private Limited | |||
| Hitco Electricals Private Limited | |||
| Raj Filters and Wire Mesh Private Limited |
To see the full MSME payment records of Safeflex International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Safeflex International has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Endurafab Private Limited | U25202MP2020PTC054349 | |
| Hippoflex International Private Limited | U25209MP2020PTC050537 | |
| Mewad Polymers Private Limited | U45100MP2009PTC021809 |
To see the full group structure of Safeflex International Limited, buy the company report.
GST
Safeflex International has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAJCS7201D1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AAJCS7201D2ZR | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Safeflex International Limited, buy the company report.
Recent activity
Safeflex International Limited has 9 board changes on record since 2006: 5 appointments and 4 cessations. The latest: Rajeev Kumar Thakur ceased to be Additional Director on 27 Sep 2023.
AGM
Safeflex International Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Safeflex International Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge registered on 25 Jan 2012 via Charge ID 10335363 with State Bank Of India was fully satisfied on 16 Mar 2024.
Ceased
Rajeev Kumar Thakur ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 69.75 Cr with Charge ID 100706605 was registered on 31 Mar 2023.
Appointed
Rajeev Kumar Thakur was appointed as Director.
Ceased
Jitesh Kumar Agrawal ceased to be Additional Director.
Ceased
Lalit Kumar Agrawal ceased to be Director.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100440586 with Axis Bank Limited was fully satisfied on 28 Feb 2023.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100440585 with Axis Bank Limited was fully satisfied on 24 Feb 2023.
Charges
A charge registered on 03 Jul 2021 via Charge ID 100486087 with State Bank Of India was fully satisfied on 22 Feb 2023.
Charges
A charge registered on 02 May 2018 via Charge ID 100176222 with State Bank Of India was fully satisfied on 22 Feb 2023.
43 earlier events are in the company report.
Frequently asked questions
Safeflex International is an active public limited company based in Dhar, Madhya Pradesh, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 20 March 2006 (20+ years old) and is registered under CIN U25151MP2006PLC067077.
Safeflex International has 5 current directors:
- Jitesh Kumar Agrawal - Managing Director
- Akhilesh Agrawal - Director
- Rakesh Khandelwal - Director
- Sunita Agarwal - Director
- Rajeev Kumar Thakur - Director
The latest financial statements of Safeflex International on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Safeflex International is 23AAJCS7201D1ZS, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AAJCS7201D2ZR (Madhya Pradesh).
The CIN (Corporate Identification Number) of Safeflex International is U25151MP2006PLC067077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safeflex International has 3 court cases on record: 3 filed against it. Most are in the district courts.
Safeflex International was incorporated on 20 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
Safeflex International has 12 deals on record (7 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.96 Cr; the latest was in July 2018.
The peers of Safeflex International by revenue are Universal Polychem (India) Private Limited, Harmony Plastics Private Limited, Manika Plastech Limited, Woco Tech Polymere Kandla Limited, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rajeev Kumar Thakur ceased to be Additional Director on 27 Sep 2023. Rajeev Kumar Thakur was appointed as Director on 29 Mar 2023. Jitesh Kumar Agrawal ceased to be Additional Director on 01 Mar 2023. Safeflex International has 9 board changes on record in total.
Yes, Safeflex International is registered as a medium enterprise under Udyam registration (number: UDYAM-MP-17-0000012).
Safeflex International has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 21 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages