Shivaarna Technofoams Private Limited

Shivaarna Technofoams Private Limited - chemicals and materials in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN U25517MP2016PTC040811 Incorporated 24 May 2016 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Private Limited Company chemicals and materials MSME · Medium
Data last updated
Revenue · FY 2025
₹222.47 Cr
▲ 19% YoY
Net profit · FY 2025
₹6.35 Cr
Net margin 2.9%
EBITDA · FY 2025
₹12.14 Cr
EBITDA margin 5.5%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.64 Cr
Issued & subscribed
Open charges
₹37 Cr
Satisfied ₹45.65 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
48
Provident fund records

About Shivaarna Technofoams Private Limited

Data last updated:

Shivaarna Technofoams Private Limited is a private limited company based in Indore, Madhya Pradesh, India, a subsidiary of Duroflex Private Limited. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 24 May 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25517MP2016PTC040811. Its GSTIN is 23AAXCS1075P1ZL (Madhya Pradesh).

The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.64 Cr. It was formerly known as Shivaarna Plastics Private Limited. It is led by directors including Jacob Joseph George and Mathew Thomas.

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 435/3 & 435/4 Village Hatuniya Tehsil – Sanwer, Indore, Madhya Pradesh, India – 453771.

As per the financials filed for FY 2025, the company reported a revenue of ₹222.47 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹6.35 Cr (net margin 2.9%) and EBITDA of ₹12.14 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 86% over five years.

The company has about 48 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹37 Cr and satisfied charges of ₹45.65 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in March 2018. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 301 overdue payments to 35 micro and small suppliers.

Shivaarna Technofoams Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0011970). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website papafoams.com.

Company details

CIN U25517MP2016PTC040811
Registration Number 040811
Incorporation Date 24 May 2016
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Duroflex Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MP-23-0011970
Key People
Jacob Joseph George Director Mathew Thomas Director Mathew Antony Joseph Director

Recognitions & Rankings of Shivaarna Technofoams

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MP-23-0011970

Contact details

Shivaarna Technofoams Private Limited's registered office is in Indore, Madhya Pradesh. Its website is papafoams.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    papafoams.com
  • Registered Address
    435/3 & 435/4 Village Hatuniya Tehsil – Sanwer, Indore, Madhya Pradesh, India – 453771
  • Industry
    Chemicals and Materials, Industrial Chemicals

To see the full contact details of Shivaarna Technofoams Private Limited, buy the company report.

Comprehensive company report
Shivaarna Technofoams 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 Shivaarna Technofoams is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Shivaarna Technofoams Private Limited, buy the company report.

Financials of Shivaarna Technofoams Private Limited

FY 2025 filings available

Shivaarna Technofoams Private Limited reported revenue of ₹222.47 Cr (up 19% YoY) for FY 2025.

Revenue · FY 2025
₹222.47 Cr ▲ 19%
Net profit · FY 2025
₹6.35 Cr margin 2.9%
EBITDA · FY 2025
₹12.14 Cr margin 5.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 36%
5 years · compounded
▲ 86%
EBITDA CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 100%
5 years · compounded
▲ 50%

Revenue has grown at a compounded annual rate (CAGR) of 86% over five years, including 19% growth in the latest year. EBITDA rose 84% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹12.14 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹6.35 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.5%
Net Profit Margin2.9%
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 Shivaarna Technofoams Private Limited, buy the company report.

Board of directors of Shivaarna Technofoams Private Limited

Shivaarna Technofoams has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jacob Joseph George
Also directs: Duroflex Limited, Comfortek Advanced Products LLP, Coco-Latex Exports Private Limited and 5 more
Director17 Oct 20206 Years 0 MonthsCurrent
Mathew ThomasDirector19 Feb 20215 Years 8 MonthsCurrent
Mathew Antony Joseph
Also directs: Duroflex Limited, Comfortek Advanced Products LLP, Coco-Latex Exports Private Limited and 5 more
Director19 Feb 20215 Years 8 MonthsCurrent
Mathew George
Also directs: Duroflex Limited, Comfortek Advanced Products LLP, Coco-Latex Exports Private Limited and 5 more
Director17 Oct 20206 Years 0 MonthsCurrent
Mathew Chandy
Also directs: Duroflex Limited, Comfortek Advanced Products LLP, Coco-Latex Exports Private Limited and 5 more
Director19 Feb 20215 Years 8 MonthsCurrent
Amita Maheshwari
Also directs: Duroflex Limited
Director08 Oct 20251 Years 0 MonthsCurrent
View all directors

Auditor

Shivaarna Technofoams Private Limited is audited by M. K. Shah & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
M. K. Shah & AssociatesFY 2023002077C

Shareholding

The shareholding of Shivaarna Technofoams 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Shivaarna Technofoams Private Limited, buy the company report.

Charges & borrowings

Open charges
₹37 Cr
Satisfied charges
₹45.65 Cr
Breakdown by lending institutions
Yes Bank Limited₹37.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Sep 2021100492017Yes Bank Limited₹37 CrOpen
19 Feb 2021100421909Others₹18 CrSatisfied
18 Feb 2021100417859Others₹4.95 CrSatisfied
23 Oct 2018100218996Others₹4.7 CrSatisfied
21 Mar 2018100166687Others₹18 CrSatisfied

To see the full charge records of Shivaarna Technofoams Private Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Shivaarna Technofoams Private Limited has 1 deal on record (1 rights issue); the latest was in March 2018.

Total deals
1
Rights issue
1

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2018Rights issue₹4.45 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Shivaarna Technofoams Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 301 overdue payments to 35 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 35)

SupplierAmount dueDue sinceReported on
an individual supplier
Ananya Package Private Limited
Super Bond Adhesives Private Limited
Sarva Foam Industries Limited
Synergy Chemicals

To see the full MSME payment records of Shivaarna Technofoams Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Shivaarna Technofoams Private Limited has a workforce of 48 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
48
Active EPFO establishments
1
Employee growth
-17.24%

GST

Shivaarna Technofoams has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
23AAXCS1075P1ZLMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Shivaarna Technofoams Private Limited, buy the company report.

Recent activity

Shivaarna Technofoams Private Limited has 14 board changes on record since 2016: 10 appointments and 4 cessations. The latest: Amita Maheshwari was appointed as Director on 08 Oct 2025.

Appointed
Amita Maheshwari was appointed as Director.
AGM
Shivaarna Technofoams Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 18 Feb 2021 via Charge ID 100417859 with Others was fully satisfied on 30 Jun 2025.
Charges
A charge with Yes Bank Limited of Rs. 37.00 Cr registered on 29 Sep 2021 with Charge ID 100492017 was modified on 16 Jun 2025.
Filing
Shivaarna Technofoams Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Abhishek Somani ceased to be Director.
Ceased
Pradeep Kumar Mishra ceased to be Director.
Charges
A charge registered on 19 Feb 2021 via Charge ID 100421909 with Others was fully satisfied on 31 Dec 2021.
Charges
A charge with Yes Bank Limited amounted to Rs. 37.00 Cr with Charge ID 100492017 was registered on 29 Sep 2021.
Charges
A charge with Others amounted to Rs. 18.00 Cr with Charge ID 100421909 was registered on 19 Feb 2021.
Appointed
Mathew Antony Joseph was appointed as Director.
Appointed
Mathew Chandy was appointed as Director.

17 earlier events are in the company report.

Frequently asked questions

Shivaarna Technofoams is an active private limited company based in Indore, Madhya Pradesh, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 24 May 2016 (10+ years old) and is registered under CIN U25517MP2016PTC040811.

Shivaarna Technofoams has 6 current directors:

The latest financial statements of Shivaarna Technofoams 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 2017 are in the company report.

The GSTIN of Shivaarna Technofoams is 23AAXCS1075P1ZL, registered in Madhya Pradesh.

The CIN (Corporate Identification Number) of Shivaarna Technofoams is U25517MP2016PTC040811. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Shivaarna Technofoams was incorporated on 24 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Gwalior.

Shivaarna Technofoams has 1 deal on record (1 rights issue); the latest was in March 2018.

Amita Maheshwari was appointed as Director on 08 Oct 2025. Abhishek Somani ceased to be Director on 21 Sep 2023. Pradeep Kumar Mishra ceased to be Director on 30 Sep 2022. Shivaarna Technofoams has 14 board changes on record in total.

Yes, Shivaarna Technofoams is registered as a medium enterprise under Udyam registration (number: UDYAM-MP-23-0011970).

Shivaarna Technofoams has 10 MSME Form 1 returns on record between 2019 and 2023, listing 301 overdue payments to 35 micro and small suppliers. The latest return was filed on 08 Nov 2023.

Shivaarna Technofoams can be reached through the website papafoams.com. Its registered office is in Indore, Madhya Pradesh, India.