About SRS Thermax Limited
Data last updated:
SRS Thermax Limited is a public limited company based in Gwalior, Madhya Pradesh, India. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 17 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U27100MP2013PLC030523. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.04 Cr. It is led by directors including Shrikrishna Sharma and Jaidev Sharma.
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 610 Milleneum Plaza Govind Puri, Gwalior, Madhya Pradesh, India – 474011.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.81 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹55.55 Lakh (net margin -8.2%) and EBITDA of ₹32.71 Lakh (EBITDA margin 4.8%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 14% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.9 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 5 filed against it; 3 cases are pending. The company has 5 deals on record (5 market trades); the latest was in May 2024. Its 10 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging) are compared by revenue, 5 larger and 5 smaller; the largest is RH Packpro Private Limited with revenue of ₹6.91 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website srspackaging.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address610 Milleneum Plaza Govind Puri, Gwalior, Madhya Pradesh, India – 474011
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
- 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
- One PDF report, delivered after checkout
Business Activity of SRS Thermax Limited
The main business activity of SRS Thermax is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of SRS Thermax Limited FY 2025 filings available
SRS Thermax Limited reported revenue of ₹6.81 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of SRS Thermax Limited
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 5% fall in the latest year. EBITDA rose 130% 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 of SRS Thermax Limited
| 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 | ₹32.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹55.55 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 of SRS Thermax Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of SRS Thermax are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of SRS Thermax Limited
SRS Thermax Limited is compared with the companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RH Packpro Private Limited | ₹6.91 Cr (FY 2025) | •••• | •••• | 253.0% | •••• | Ballabgarh, Haryana, India |
| Ready Pack & Prints Private Limited. | ₹6.91 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Indore, Madhya Pradesh, India |
| Sai Pack Products Private Limited | ₹6.9 Cr (FY 2025) | •••• | •••• | 116.0% | •••• | Bishrakh, Uttar Pradesh, India |
| Raama Paper Mills Limited Listed | ₹6.88 Cr (FY 2025) | •••• | •••• | -89.0% | •••• | Uttar Pradesh, India |
| Anjak Engineers Private Limited | ₹6.83 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Noida, Uttar Pradesh, India |
| SRS Thermax Limited this company | ₹6.81 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Gwalior, Madhya Pradesh, India |
| Sumant Foods Private Limited | ₹6.8 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Raebareli, Uttar Pradesh, India |
| S.S.R.K.Plastics Private Limited | ₹6.79 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Nupack Cartons and Closures Limited | ₹6.77 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Delhi, India |
| Insat Industries Private Limited | ₹6.76 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Daman, Daman and Diu, India |
| Pooja Cartons & Containers Private Limited | ₹6.74 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below SRS Thermax by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of SRS Thermax Limited
SRS Thermax Limited is audited by KRISHNA GUPTA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRISHNA GUPTA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of SRS Thermax Limited
SRS Thermax has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikrishna Sharma | Director | 05 Feb 2021 | 5 Years 8 Months | Current |
| Jaidev Sharma Also directs: Dev Versha Jatropha Bio Energy Private Limited, SRS Eco Blocks Private Limited, S.R.S. Vizcon Private Limited and 5 more | Director | 17 Apr 2013 | 13 Years 5 Months | Current |
| Pragya Sharma Also directs: S.R.S. Vizcon Private Limited, SRS Media Private Limited, Inext Network Private Limited and 1 more | Director | 15 Feb 2022 | 4 Years 7 Months | Current |
Ownership and Shareholding of SRS Thermax Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of SRS Thermax Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Aug 2025 | Others | ₹5 Cr | Open |
| 15 Feb 2022 | Others | ₹1.11 Cr | Open |
| 31 Dec 2020 | Others | ₹70 Lakh | Open |
| 13 Jan 2020 | Others | ₹9 Lakh | Open |
| 01 Sep 2014 | Panjab National Bank | ₹5 Cr | Open |
Total charge records: 6 View all charges
Deals & Funding of SRS Thermax Limited
SRS Thermax Limited has 5 deals on record (5 market trades); the latest was in May 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Market trade | ₹558.98 Cr | Seller: Integrated Core Strategies (Asia) Pte. Ltd. |
| Oct 2022 | Market trade | ₹14.7 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Oct 2022 | Market trade | ₹14.89 Cr | Buyer: Ishares Msci India Small-Cap Etf, an individual Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company |
| Mar 2020 | Market trade | ₹77.86 Cr | Buyer: Nalanda India Equity |
| Jan 2017 | Market trade | ₹102.12 Cr | Seller: Amansa Capital |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of SRS Thermax Limited
SRS Thermax Limited has 8 court cases on record: 2 filed by SRS Thermax, 5 filed against it, 1 where it is another party. 3 cases are pending and 5 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Criminal case | Filed against the company by Madhu Buildtech Private Limited | Disposed |
| District court, East, Delhi | Criminal case | Filed against the company by Madhuram Paper Private Limited | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (RCT) | Filed against the company by Company Registrar | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Taste Healthy Foods India Pvt. Ltd | Pending |
| District court, Gwalior, Madhya Pradesh | Court case (MJC R) | Filed against the company by Taste Healthy Foods India Pvt. Ltd | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at SRS Thermax Limited
SRS Thermax Limited has a workforce of 4 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on SRS Thermax Limited
SRS Thermax Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Pragya Sharma was appointed as Director on 15 Feb 2022.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for SRS Thermax Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by SRS Thermax Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of SRS Thermax Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of SRS Thermax Limited
SRS Thermax has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of SRS Thermax Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about SRS Thermax Limited
SRS Thermax is an active public limited company based in Gwalior, Madhya Pradesh, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 17 April 2013 (13+ years old) and is registered under CIN U27100MP2013PLC030523.
SRS Thermax reported revenue of ₹6.81 Cr for FY 2024 (down 5% YoY).
SRS Thermax has 3 current directors:
- Shrikrishna Sharma - Director
- Jaidev Sharma - Director
- Pragya Sharma - Director
SRS Thermax reported a net loss of ₹55.55 Lakh (net margin -8.2%) and EBITDA of ₹32.71 Lakh (EBITDA margin 4.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of SRS Thermax is -2% over three years and -14% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
No. SRS Thermax has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of SRS Thermax is U27100MP2013PLC030523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SRS Thermax has 8 court cases on record: 2 filed by the company and 5 filed against it. 3 are pending.
SRS Thermax was incorporated on 17 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.
SRS Thermax has 5 deals on record (5 market trades); the latest was in May 2024.
The peers of SRS Thermax by revenue are RH Packpro Private Limited, Ready Pack & Prints Private Limited, Sai Pack Products Private Limited, Raama Paper Mills Limited, Anjak Engineers Private Limited and 5 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging).