MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0046078
Target Specialty Packaging Private Limited - packaging in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.7 Cr
▼ 15% YoY
Net profit · FY 2024
₹61.12 Lakh
Net margin 22.6%
EBITDA · FY 2024
₹72.25 Lakh
EBITDA margin 26.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹1.1 Cr
No open charges
Company age
10 yrs
Est. 2016
Employees · EPFO
10
Provident fund records
About Target Specialty Packaging Private Limited
Data last updated:
Target Specialty Packaging Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Gs Global Ventures Private Limited. It operates in the laminated and corrugated packaging segment of the packaging sector. It was incorporated on 12 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC094920. Its GSTIN is 29AAFCT8520N1ZQ (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Raman Sethu Subramanian and Sundaram Chandrasekaran.
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 A 601 – Ittina Akkala Apartments Itpl Road Rajapalaya, Bengaluru, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.7 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹61.12 Lakh (net margin 22.6%) and EBITDA of ₹72.25 Lakh (EBITDA margin 26.8%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 16% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.1 Cr on record.
Target Specialty Packaging Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0046078). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website targetspecialtypackagingprivatelimited.business.site.
Company details
CIN U74999KA2016PTC094920
Registration Number 094920
Incorporation Date 12 July 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Gs Global Ventures Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0046078
Key People
Raman Sethu Subramanian Director Chandrasekaran Siddharth Kaushik Additional Director Sundaram Chandrasekaran Director Recognitions & Rankings of Target Specialty Packaging
Contact details
Target Specialty Packaging Private Limited's registered office is in Bengaluru, Karnataka. Its website is targetspecialtypackagingprivatelimited.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA 601 – Ittina Akkala Apartments Itpl Road Rajapalaya, Bengaluru, Karnataka, India – 560048
- IndustryPackaging, Laminated & Corrugated Packaging, Paper
To see the full contact details of Target Specialty Packaging Private Limited, buy the company report.
Comprehensive company report
Target Specialty 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 Target Specialty Packaging is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Target Specialty Packaging Private Limited, buy the company report.
Financials of Target Specialty Packaging Private Limited
FY 2025 filings availableTarget Specialty Packaging Private Limited reported revenue of ₹2.7 Cr (down 15% YoY) for FY 2024.
Revenue · FY 2024
₹2.7 Cr ▼ 15%
Net profit · FY 2024
₹61.12 Lakh margin 22.6%
EBITDA · FY 2024
₹72.25 Lakh margin 26.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 15%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 48%
5 years · compounded
▲ 47%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 15% fall in the latest year. EBITDA rose 18% 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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| Total Expenses | |||||
| EBITDA | ₹72.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.12 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
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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 | 26.8% | ||||
| Net Profit Margin | 22.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Target Specialty Packaging Private Limited, buy the company report.
Board of directors of Target Specialty Packaging Private Limited
Target Specialty Packaging has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raman Sethu Subramanian Also directs: Vital Paper Products Private Limited | Director | 12 Jul 2016 | 10 Years 3 Months | Current |
| Chandrasekaran Siddharth Kaushik | Additional Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Sundaram Chandrasekaran Also directs: Innova Consumer Care Private Limited, Innova Polypak Private Limited, Jaldikart Retail Private Limited and 4 more | Director | 12 Jul 2016 | 10 Years 3 Months | Current |
| Chitra Subramanian | Director | 13 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Target Specialty Packaging Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nec Packaging Limited | ₹2.73 Cr (FY 2024) | -56.0% | Punjab, India | |||
| Shankara Corrugation Private Limited | ₹2.71 Cr (FY 2023) | 73.0% | Lucknow, Uttar Pradesh, India | |||
| Sohni Paper Tubing Private Limited | ₹2.7 Cr (FY 2025) | 24.0% | Allahabad, Uttar Pradesh, India | |||
| Target Specialty Packaging Private Limitedthis company | ₹2.7 Cr (FY 2024) | ₹61.12 Lakh | 22.6% | -15.0% | 10 | Bengaluru, Karnataka, India |
| Atc Packaging Limited | ₹2.69 Cr (FY 2024) | 7.0% | Hyderabad, Telangana, India | |||
| Ecotopia Packaging Private Limited | ₹2.68 Cr (FY 2024) | 21.0% | Moradabad, Uttar Pradesh, India |
To see the full peer comparison of Target Specialty Packaging Private Limited, buy the company report.
Auditor
Target Specialty Packaging Private Limited is audited by Suja and Srinivas for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suja and Srinivas | FY 2023 | 017335S |
Shareholding
The shareholding of Target Specialty Packaging 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 Target Specialty Packaging Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 2018 | 100172655 | State Bank of India | ₹1.1 Cr | Satisfied |
To see the full charge records of Target Specialty Packaging Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Target Specialty Packaging Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Target Specialty Packaging Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Target Specialty Packaging Private Limited has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-23.08%
GST
Target Specialty Packaging has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCT8520N1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Target Specialty Packaging Private Limited, buy the company report.
Recent activity
Target Specialty Packaging Private Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Chandrasekaran Siddharth Kaushik was appointed as Additional Director on 18 Oct 2024.
AGM
Target Specialty Packaging Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Target Specialty Packaging Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Chandrasekaran Siddharth Kaushik was appointed as Additional Director.
Ceased
Jayaraman Ramakrishnan ceased to be Director.
Ceased
Sundaram Chandrasekaran ceased to be Director.
Charges
A charge registered on 04 Apr 2018 via Charge ID 100172655 with State Bank Of India was fully satisfied on 03 Jul 2020.
Charges
A charge with State Bank Of India of Rs. 110.00 Lakh registered on 04 Apr 2018 with Charge ID 100172655 was modified on 18 May 2019.
Charges
A charge with State Bank Of India amounted to Rs. 110.00 Lakh with Charge ID 100172655 was registered on 04 Apr 2018.
Ceased
Panchapakesan Malathi ceased to be Director.
Ceased
Chitra Subramanian ceased to be Additional Director.
Appointed
Chitra Subramanian was appointed as Director.
Appointed
Raman Sethu Subramanian was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Target Specialty Packaging is an active private limited company based in Bengaluru, Karnataka, India. The company works in laminated and corrugated packaging, within the packaging industry. It was incorporated on 12 July 2016 (10+ years old) and is registered under CIN U74999KA2016PTC094920.
Target Specialty Packaging has 4 current directors:
- Raman Sethu Subramanian - Director
- Chandrasekaran Siddharth Kaushik - Additional Director
- Sundaram Chandrasekaran - Director
- Chitra Subramanian - Director
The latest financial statements of Target Specialty 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 2017 are in the company report.
The GSTIN of Target Specialty Packaging is 29AAFCT8520N1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Target Specialty Packaging is U74999KA2016PTC094920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Specialty Packaging was incorporated on 12 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Target Specialty Packaging by revenue are Nec Packaging Limited, Shankara Corrugation Private Limited, Sohni Paper Tubing Private Limited, Atc Packaging Limited, Ecotopia Packaging Private Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Chandrasekaran Siddharth Kaushik was appointed as Additional Director on 18 Oct 2024. Jayaraman Ramakrishnan ceased to be Director on 02 Aug 2022. Sundaram Chandrasekaran ceased to be Director on 20 May 2022. Target Specialty Packaging has 8 board changes on record in total.
Yes, Target Specialty Packaging is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0046078).
Target Specialty Packaging can be reached through the website targetspecialtypackagingprivatelimited.business.site. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Target Specialty Packaging is at A 601 – Ittina Akkala Apartments Itpl Road Rajapalaya, Bengaluru, Karnataka, India – 560048.