MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0008146
Swastik Flexipack Private Limited - packaging in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.05 Cr
▼ 54% YoY
Net loss · FY 2023
₹2.63 Cr
Net margin -128.7%
EBITDA · FY 2023
-₹2.35 Cr
EBITDA margin -115%
Authorised capital
₹70 Lakh
Registered with MCA
Paid-up capital
₹59.54 Lakh
Issued & subscribed
Open charges
₹5 Cr
Satisfied ₹2.25 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
11
Provident fund records
About Swastik Flexipack Private Limited
Data last updated:
Swastik Flexipack Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 16 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25202MH1998PTC113987. Its GSTIN is 27AADCS8682G1ZX (Maharashtra).
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹59.54 Lakh. It is led by directors including Kunaal Pritam Bhavnani and Pritam Jhamatmal Bhavnani.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Unit No 10 Shivshakti Industestate Opp Mittal Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.05 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹2.63 Cr (net margin -128.7%) and EBITDA of -₹2.35 Cr (EBITDA margin -115%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 23% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹2.25 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Swastik Flexipack Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0008146). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swastikflexipack.com.
Company Details of Swastik Flexipack Private Limited
CIN U25202MH1998PTC113987
Registration Number 113987
Incorporation Date 16 March 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0008146
Key People
Maansi Kunaal Bhavnani Additional Director Kunaal Pritam Bhavnani Director Pritam Jhamatmal Bhavnani Director Recognitions & Rankings of Swastik Flexipack
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No 10 Shivshakti Industestate Opp Mittal Industrial Estate Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryPackaging, Packaging Films & Foils
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Business Activity of Swastik Flexipack Private Limited
The main business activity of Swastik Flexipack is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Swastik Flexipack Private Limited FY 2023 filings available
Swastik Flexipack Private Limited reported revenue of ₹2.05 Cr (down 54% YoY) for FY 2023.
Revenue · FY 2023
₹2.05 Cr ▼ 54%
Net loss · FY 2023
₹2.63 Cr margin -128.7%
EBITDA · FY 2023
-₹2.35 Cr margin -115%
Compounded Annual Growth Rate (CAGR) of Swastik Flexipack Private Limited
Revenue CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 23%
5 years · compounded
▼ 23%
EBITDA CAGR growth
3 years · compounded
▼ 60%
5 years · compounded
▼ 73%
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 54% fall 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 Swastik Flexipack Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹2.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.63 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 of Swastik Flexipack Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -115% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -128.7% | •••• | •••• | •••• | •••• |
| 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 Swastik Flexipack are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Swastik Flexipack Private Limited
Swastik Flexipack has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maansi Kunaal Bhavnani | Additional Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Kunaal Pritam Bhavnani | Director | 16 Mar 1998 | 28 Years 7 Months | Current |
| Pritam Jhamatmal Bhavnani | Director | 16 Mar 1998 | 28 Years 7 Months | Current |
Peer Comparison of Swastik Flexipack Private Limited
Swastik Flexipack Private Limited is compared with the companies closest to it by revenue in the Packaging industry (Films and Foils). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samarpan Converters Private Limited | ₹2.11 Cr (FY 2023) | •••• | •••• | 2295.0% | •••• | Thane, Maharashtra, India |
| Jain Flexipack Private Limited | ₹2.11 Cr (FY 2023) | •••• | •••• | 40.0% | •••• | Delhi, India |
| Shine Star Speciality Coaters Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | New Delhi, Delhi, India |
| Hari Om Labels Private Limited | ₹2.08 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Label Manufacturers Association of India | ₹2.07 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Navi Mumbai, Maharashtra, India |
| Swastik Flexipack Private Limited this company | ₹2.05 Cr (FY 2023) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| E E Z Foil Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | New Delhi, Delhi, India |
| Canara Labels Private Limited | ₹1.98 Cr (FY 2023) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Prachee Polyfilms Private Limited | ₹1.98 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Surat, Gujarat, India |
| SD Label Stock Manufacturing Private Limited | ₹1.98 Cr (FY 2023) | •••• | •••• | -35.0% | •••• | Thane, Maharashtra, India |
| Kiran Welpack Private Limited | ₹1.96 Cr (FY 2025) | •••• | •••• | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Swastik Flexipack by revenue in the Packaging industry (Films and Foils), 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 Swastik Flexipack Private Limited
Swastik Flexipack Private Limited is audited by GODSE & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GODSE & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Swastik Flexipack Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Swastik Flexipack Private Limited
Open charges
₹5 Cr
Satisfied charges
₹2.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2022 | Others | ₹1.8 Cr | Open |
| 16 Apr 2010 | State Bank of India | ₹55 Lakh | Open |
| 21 Nov 2007 | State Bank of India | ₹20 Lakh | Open |
| 18 Oct 2004 | State Bank of India | ₹1.16 Cr | Open |
| 15 Oct 2004 | State Bank of India | ₹40 Lakh | Open |
Total charge records: 8 View all charges
Legal Cases of Swastik Flexipack Private Limited
Swastik Flexipack Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 02 Oct 2026.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Commercial matter | Filed against the company by Gujarat Foils Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Flow Ink and Coating Pvt. Limited | Disposed |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Swastik Flexipack Private Limited
Swastik Flexipack Private Limited has a workforce of 11 employees as of Apr 09, 2024.
Employee count
11
Active EPFO establishments
1
Employee growth
-42.11%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Swastik Flexipack Private Limited
Swastik Flexipack Private Limited has 5 board changes on record since 1998: 3 appointments and 2 cessations. The latest: Maansi Kunaal Bhavnani was appointed as Additional Director on 01 Apr 2021.
AGM
Swastik Flexipack Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Swastik Flexipack Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 180.00 Lakh with Charge ID 100584000 was registered on 30 May 2022.
Charges
A charge registered on 12 Jul 2011 via Charge ID 10304088 with State Bank Of India was fully satisfied on 26 May 2022.
Appointed
Maansi Kunaal Bhavnani was appointed as Additional Director.
Ceased
Sheela Pritam Bhavnani ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 225.00 Lakh registered on 12 Jul 2011 with Charge ID 10304088 was modified on 29 May 2020.
Ceased
Vineeta Pritam Bhavnani ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 225.00 Lakh with Charge ID 10304088 was registered on 12 Jul 2011.
Charges
A charge with State Bank Of India amounted to Rs. 55.00 Lakh with Charge ID 10218012 was registered on 16 Apr 2010.
Charges
A charge with State Bank Of India of Rs. 9.00 Lakh registered on 29 Mar 2000 with Charge ID 80046424 was modified on 16 May 2008.
Charges
A charge with State Bank Of India amounted to Rs. 20.00 Lakh with Charge ID 10076168 was registered on 21 Nov 2007.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Swastik Flexipack Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Swastik Flexipack Private Limited
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Subsidiaries & Group Companies of Swastik Flexipack Private Limited
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Corporate group structure
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GST Compliance of Swastik Flexipack Private Limited
Swastik Flexipack has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS8682G1ZX | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Swastik Flexipack Private Limited
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MCA filings and documents
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Frequently Asked Questions about Swastik Flexipack Private Limited
Swastik Flexipack is an active private limited company based in Mumbai, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 16 March 1998 (28+ years old) and is registered under CIN U25202MH1998PTC113987.
Swastik Flexipack reported revenue of ₹2.05 Cr for FY 2023 (down 54% YoY).
Swastik Flexipack has 3 current directors:
- Maansi Kunaal Bhavnani - Additional Director
- Kunaal Pritam Bhavnani - Director
- Pritam Jhamatmal Bhavnani - Director
Swastik Flexipack reported a net loss of ₹2.63 Cr (net margin -128.7%) and EBITDA of -₹2.35 Cr (EBITDA margin -115%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Swastik Flexipack is -23% over three years and -23% over five years. In the latest year (FY 2023) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Swastik Flexipack is 27AADCS8682G1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Swastik Flexipack is U25202MH1998PTC113987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swastik Flexipack has 2 court cases on record: 2 filed against it.
Swastik Flexipack was incorporated on 16 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Swastik Flexipack by revenue are Samarpan Converters Private Limited, Jain Flexipack Private Limited, Shine Star Speciality Coaters Private Limited, Hari Om Labels Private Limited, Label Manufacturers Association of India and 5 more, all in the Packaging industry (Films and Foils).
Maansi Kunaal Bhavnani was appointed as Additional Director on 01 Apr 2021. Sheela Pritam Bhavnani ceased to be Director on 01 Oct 2020. Vineeta Pritam Bhavnani ceased to be Director on 09 Sep 2016. Swastik Flexipack has 5 board changes on record in total.