MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-01-0007894
Saishakti Polysacks Private Limited - packaging in Mudhol, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14 Cr
▼ 24% YoY
Net loss · FY 2024
₹1.44 Cr
Net margin -10.3%
EBITDA · FY 2024
₹26.44 Lakh
EBITDA margin 1.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.8 Cr
Issued & subscribed
Open charges
₹12.66 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Saishakti Polysacks Private Limited
Data last updated:
Saishakti Polysacks Private Limited is a private limited company based in Mudhol, Karnataka, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 22 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36109KA2016PTC092432. Its GSTIN is 29AAXCS0256J1ZO (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.8 Cr. It is led by directors Appasaheb Subray Nimbalkar and Sunil Nimbalkar.
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 Rs No. 187/2 R/O Uttur Ranjanagi Road Opp Govt High School Uttur, Mudhol, Karnataka, India – 587313.
As per the financials filed for FY 2024, the company reported a revenue of ₹14 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹1.44 Cr (net margin -10.3%) and EBITDA of ₹26.44 Lakh (EBITDA margin 1.9%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹12.66 Cr on record.
Saishakti Polysacks Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-01-0007894). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saishaktipolysacks.business.site.
Company details
CIN U36109KA2016PTC092432
Registration Number 092432
Incorporation Date 22 April 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-01-0007894
Recognitions & Rankings of Saishakti Polysacks
Contact details
Saishakti Polysacks Private Limited's registered office is in Mudhol, Karnataka. Its website is saishaktipolysacks.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRs No. 187/2 R/O Uttur Ranjanagi Road Opp Govt High School Uttur, Mudhol, Karnataka, India – 587313
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Saishakti Polysacks Private Limited, buy the company report.
Comprehensive company report
Saishakti Polysacks 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 Saishakti Polysacks is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Saishakti Polysacks Private Limited, buy the company report.
Financials of Saishakti Polysacks Private Limited
FY 2024 filings availableSaishakti Polysacks Private Limited reported revenue of ₹14 Cr (down 24% YoY) for FY 2024.
Revenue · FY 2024
₹14 Cr ▼ 24%
Net loss · FY 2024
₹1.44 Cr margin -10.3%
EBITDA · FY 2024
₹26.44 Lakh margin 1.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 19%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 170%
3 years · compounded
▼ 59%
5 years · compounded
▼ 19%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 24% fall in the latest year. EBITDA rose 170% 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 |
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| EBITDA | ₹26.44 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.44 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | ||||
| Net Profit Margin | -10.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Saishakti Polysacks Private Limited, buy the company report.
Board of directors of Saishakti Polysacks Private Limited
Saishakti Polysacks has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Appasaheb Subray Nimbalkar | Director | 22 Apr 2016 | 10 Years 6 Months | Current |
| Sunil Nimbalkar Also directs: Indoturm Spices and Agritech Private Limited | Director | 22 Apr 2016 | 10 Years 6 Months | Current |
Auditor
Saishakti Polysacks Private Limited is audited by VENKATESH PATIL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESH PATIL & CO | FY 2023 | 014696S |
Shareholding
The shareholding of Saishakti Polysacks 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 Saishakti Polysacks Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.66 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2017 | 100115130 | State Bank of India | ₹12.66 Cr | Open |
To see the full charge records of Saishakti Polysacks Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Saishakti Polysacks 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
Saishakti Polysacks Private Limited was last rated by Indiarating on 12 Sep 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 12 Sep 2018 |
To see the full credit ratings and regulatory alerts of Saishakti Polysacks Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saishakti Polysacks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saishakti Polysacks has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAXCS0256J1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saishakti Polysacks Private Limited, buy the company report.
Recent activity
Saishakti Polysacks Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Tejaswini Sunil Nimbalkar ceased to be Director on 03 Feb 2025.
Ceased
Tejaswini Sunil Nimbalkar ceased to be Director.
AGM
Saishakti Polysacks Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Saishakti Polysacks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India of Rs. 12.66 Cr registered on 27 Jul 2017 with Charge ID 100115130 was modified on 08 May 2022.
Ceased
Babu Ramappa Baragi ceased to be Director.
Ceased
Tejashwini Baragi ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 12.66 Cr with Charge ID 100115130 was registered on 27 Jul 2017.
Appointed
Appasaheb Subray Nimbalkar was appointed as Director.
Appointed
Sunil Nimbalkar was appointed as Director.
Incorporation
22 Apr 2016
Saishakti Polysacks Private Limited was registered on 22 Apr 2016 with Roc Bangalore & aged 10 years 6 months as per MCA records.
Frequently asked questions
Saishakti Polysacks is an active private limited company based in Mudhol, Karnataka, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 22 April 2016 (10+ years old) and is registered under CIN U36109KA2016PTC092432.
Saishakti Polysacks has 2 current directors:
- Appasaheb Subray Nimbalkar - Director
- Sunil Nimbalkar - Director
The latest financial statements of Saishakti Polysacks 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 FY 2017 are in the company report.
The GSTIN of Saishakti Polysacks is 29AAXCS0256J1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Saishakti Polysacks is U36109KA2016PTC092432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saishakti Polysacks was incorporated on 22 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Tejaswini Sunil Nimbalkar ceased to be Director on 03 Feb 2025. Babu Ramappa Baragi ceased to be Director on 10 Mar 2022. Tejashwini Baragi ceased to be Director on 10 Mar 2022. Saishakti Polysacks has 5 board changes on record in total.
Yes, Saishakti Polysacks is registered as a small enterprise under Udyam registration (number: UDYAM-KR-01-0007894).
Saishakti Polysacks can be reached through the website saishaktipolysacks.business.site. Its registered office is in Mudhol, Karnataka, India.
The registered office of Saishakti Polysacks is at Rs No. 1872 RO Uttur Ranjanagi Road Opp Govt High School Uttur, Mudhol, Karnataka, India – 587313.
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