MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-25-0000274
Soliflex Packaging Private Limited - packaging in Tumkur, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹77.31 Cr
▲ 41% YoY
Net profit · FY 2024
₹2.44 Cr
Net margin 3.2%
EBITDA · FY 2024
₹6.93 Cr
EBITDA margin 9%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹2.98 Cr
Issued & subscribed
Open charges
₹48.44 Cr
Satisfied ₹6.38 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
228
Provident fund records
About Soliflex Packaging Private Limited
Data last updated:
Soliflex Packaging Private Limited is a private limited company based in Tumkur, Karnataka, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 22 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36995KA2015PTC084859. Its GSTIN is 29AAWCS7349M1Z3 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.98 Cr. It is led by directors including Sabarish Padmanabhan (Managing Director) and Asokan Akshaya.
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 Tumkur, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹77.31 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹2.44 Cr (net margin 3.2%) and EBITDA of ₹6.93 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 36% over five years.
The company has about 228 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹48.44 Cr and satisfied charges of ₹6.38 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 1 deal on record (1 rights issue); the latest was in March 2020. Its 5 peer companies in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 3 smaller; the largest is PHK Polyfilms Private Limited with revenue of ₹82.32 Cr.
Soliflex Packaging Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-25-0000274). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website soliflexpackaging.com.
Company details
CIN U36995KA2015PTC084859
Registration Number 084859
Incorporation Date 22 December 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-25-0000274
Key People
Sabarish Padmanabhan Managing Director Asokan Akshaya Director Mangala Padmanabhan Director Recognitions & Rankings of Soliflex Packaging
Contact details
Soliflex Packaging Private Limited's registered office is in Tumkur, Karnataka. Its website is soliflexpackaging.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot Nos. 13 14 & 15 Road No. 2 Antharasanahalli Industrial Area 2nd Ph, Ase, Tumkur, Karnataka, India – 572102
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Soliflex Packaging Private Limited, buy the company report.
Comprehensive company report
Soliflex Packaging 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 Soliflex Packaging 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 Soliflex Packaging Private Limited, buy the company report.
Financials of Soliflex Packaging Private Limited
FY 2025 filings availableSoliflex Packaging Private Limited reported revenue of ₹77.31 Cr (up 41% YoY) for FY 2024.
Revenue · FY 2024
₹77.31 Cr ▲ 41%
Net profit · FY 2024
₹2.44 Cr margin 3.2%
EBITDA · FY 2024
₹6.93 Cr margin 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 46%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 111%
5 years · compounded
▲ 71%
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 41% growth in the latest year. EBITDA rose 50% 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 | ₹77.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.44 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Soliflex Packaging Private Limited, buy the company report.
Board of directors of Soliflex Packaging Private Limited
Soliflex Packaging has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asokan Akshaya | Director | 16 Sep 2021 | 5 Years 1 Months | Current |
| Mangala Padmanabhan | Director | 22 Dec 2015 | 10 Years 10 Months | Current |
| Narayanaswamy Padmanabhan | Director | 24 Nov 2021 | 4 Years 11 Months | Current |
| Sabarish Padmanabhan Also directs: Soliflex Acmebag Packaging LLP | Managing Director | 22 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Soliflex Packaging Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Industrial Packaging), 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 |
|---|---|---|---|---|---|---|
| PHK Polyfilms Private Limited | ₹82.32 Cr (FY 2025) | 125.0% | Himatnagar, Gujarat, India | |||
| Spack Laminators Private Limited | ₹81.32 Cr (FY 2024) | -3.0% | Delhi, India | |||
| Soliflex Packaging Private Limitedthis company | ₹77.31 Cr (FY 2024) | ₹2.44 Cr | 3.2% | 41.0% | 228 | Tumkur, Karnataka, India |
| Pro-Seal Closures Limited. | ₹76.32 Cr (FY 2016) | -6.0% | Navi Mumbai, Maharashtra, India | |||
| Vansh Petrochem Private Limited | ₹76.27 Cr (FY 2024) | -1.0% | Kanpur, Uttar Pradesh, India | |||
| Roto Pixel Private Limited | ₹75.51 Cr (FY 2024) | -10.0% | Delhi, India |
To see the full peer comparison of Soliflex Packaging Private Limited, buy the company report.
Auditor
Soliflex Packaging Private Limited is audited by Ravindra T & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ravindra T & Associates LLP | FY 2024 | S200050 |
Shareholding
The shareholding of Soliflex Packaging Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Soliflex Packaging Private Limited, buy the company report.
Charges & borrowings
Open charges
₹48.44 Cr
Satisfied charges
₹6.38 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2026 | 101269474 | Others | ₹17 Cr | Open | |
| 09 Jun 2025 | 101132333 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 20 Feb 2025 | 101060544 | Hdfc Bank Limited | ₹17 Cr | Open | |
| 23 Mar 2024 | 100901149 | Others | ₹1 Cr | Open | |
| 28 Feb 2023 | 100695157 | Tata Capital Financial Services Limited | ₹3 Cr | Open |
To see the full charge records of Soliflex Packaging Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Soliflex Packaging Private Limited has 1 deal on record (1 rights issue); the latest was in March 2020.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹2.97 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Soliflex Packaging Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Rising Sun Packing India Pvt Ltd. | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of Soliflex Packaging 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 Soliflex Packaging Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Soliflex Packaging Private Limited has a workforce of 228 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
228
Active EPFO establishments
1
Employee growth
-42.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 228 |
| 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 Soliflex Packaging Private Limited, buy the company report.
GST
Soliflex Packaging has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAWCS7349M1Z3 | Karnataka | Active | 01 Jul 2017 |
| 33AAWCS7349M1ZE | Tamil Nadu | Active | 13 Feb 2025 |
To see the full GST registrations and return filing status of Soliflex Packaging Private Limited, buy the company report.
Recent activity
Soliflex Packaging Private Limited has 4 board changes on record since 2015: 4 appointments. The latest: Narayanaswamy Padmanabhan was appointed as Director on 24 Nov 2021.
Charges
A charge with Others amounted to Rs. 17.00 Cr with Charge ID 101269474 was registered on 17 Mar 2026.
AGM
Soliflex Packaging Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 101132333 was registered on 09 Jun 2025.
Charges
A charge registered on 10 Dec 2021 via Charge ID 100528618 with Others was fully satisfied on 16 Apr 2025.
Filing
Soliflex Packaging Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 17.00 Cr registered on 20 Feb 2025 with Charge ID 101060544 was modified on 28 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Cr with Charge ID 101060544 was registered on 20 Feb 2025.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100901149 was registered on 23 Mar 2024.
Charges
A charge with Tata Capital Financial Services Limited of Rs. 3.00 Cr registered on 28 Feb 2023 with Charge ID 100695157 was modified on 26 Aug 2023.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 3.00 Cr with Charge ID 100695157 was registered on 28 Feb 2023.
Charges
A charge with Tata Capital Financial Services Limited of Rs. 5.00 Cr registered on 10 May 2022 with Charge ID 100574103 was modified on 31 Dec 2022.
Charges
A charge registered on 09 Aug 2016 via Charge ID 100054982 with Axis Bank Limited was fully satisfied on 12 Sep 2022.
11 earlier events are in the company report.
Frequently asked questions
Soliflex Packaging is an active private limited company based in Tumkur, Karnataka, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 22 December 2015 (11+ years old) and is registered under CIN U36995KA2015PTC084859.
Soliflex Packaging has 4 current directors:
- Sabarish Padmanabhan - Managing Director
- Asokan Akshaya - Director
- Mangala Padmanabhan - Director
- Narayanaswamy Padmanabhan - Director
The latest financial statements of Soliflex Packaging 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 2016 are in the company report.
The GSTIN of Soliflex Packaging is 29AAWCS7349M1Z3, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAWCS7349M1ZE (Tamil Nadu).
The CIN (Corporate Identification Number) of Soliflex Packaging is U36995KA2015PTC084859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Soliflex Packaging has 2 court cases on record: 2 filed against it. Most are in the district courts.
Soliflex Packaging was incorporated on 22 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Soliflex Packaging has 1 deal on record (1 rights issue); the latest was in March 2020.
The peers of Soliflex Packaging by revenue are PHK Polyfilms Private Limited, Spack Laminators Private Limited, Pro-Seal Closures Limited, Vansh Petrochem Private Limited, Roto Pixel Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Narayanaswamy Padmanabhan was appointed as Director on 24 Nov 2021. Asokan Akshaya was appointed as Director on 16 Sep 2021. Mangala Padmanabhan was appointed as Director on 22 Dec 2015. Soliflex Packaging has 4 board changes on record in total.
Yes, Soliflex Packaging is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-25-0000274).
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