India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,202 Mayank Agarwal ₹2,000 Cr
Revenue · FY 2025
₹2,976.42 Cr
▲ 11% YoY
Net profit · FY 2025
₹162.69 Cr
Net margin 5.5%
EBITDA · FY 2025
₹372.27 Cr
EBITDA margin 12.5%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹11.18 Cr
Issued & subscribed
Open charges
₹1,145.61 Cr
Satisfied ₹778.68 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
1,490
Provident fund records
About Vacmet India Limited
Data last updated:
Vacmet India Limited is a public limited company based in Agra, Uttar Pradesh, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 03 March 1993 and has been in existence for over 33 years.
Its director Mayank Agarwal is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74899UP1993PLC034039. Its GSTIN is 09AAACV5120B1ZU (Uttar Pradesh). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹11.18 Cr. It was formerly known as Vacmet Packagings (India) Private Limited and M. S. Gems (India) Private Limited. It is led by directors including Raj Narain Agarwal (Whole-Time Director) and Mayank Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Anant Plaza Iind Floor 4/117 – 2A Civil Lines Church Road, Agra, Uttar Pradesh, India – 282002.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,976.42 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹162.69 Cr (net margin 5.5%) and EBITDA of ₹372.27 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 10% over five years.
The company has about 1,490 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vacmet. As per MCA filings, the company has open charges of ₹1,145.61 Cr and satisfied charges of ₹778.68 Cr on record. Court records list 47 cases involving the company, including 17 filed by the company and 30 filed against it; 16 cases are pending. The company has 15 deals on record (9 secondary share transfers, 6 funding rounds), with disclosed funding of ₹71.71 Cr; the latest was in March 2022. The company has 8 MSME Form 1 returns on record between 2021 and 2024, listing 63 overdue payments to 27 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vpipl.co.in.
Company details
CIN U74899UP1993PLC034039
Registration Number 034039
Incorporation Date 03 March 1993
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Name history
Vacmet India has undergone 2 name changes throughout its history. The company was previously known as Vacmet Packagings (India) Private Limited, and M. S. Gems (India) Private Limited. The current legal name is Vacmet India Limited.
| Company Name | Status |
|---|---|
| Vacmet India Limited | Current |
| Vacmet Packagings (India) Private Limited | Previous |
| M. S. Gems (India) Private Limited | Previous |
CIN history
Vacmet India has one previous CIN (Corporate Identification Number): U74899UP1993PTC034039. The current CIN is U74899UP1993PLC034039, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899UP1993PLC034039 | Current |
| U74899UP1993PTC034039 | Previous |
Key People
Raj Narain Agarwal Whole-Time Director Mayank Agarwal Whole-Time Director Rahul Agarwal Whole-Time Director Recognitions & Rankings of Vacmet India
Contact details
Vacmet India Limited's registered office is in Agra, Uttar Pradesh. Its website is vpipl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAnant Plaza Iind Floor 4/117 – 2A Civil Lines Church Road, Agra, Uttar Pradesh, India – 282002
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Vacmet India Limited, buy the company report.
Comprehensive company report
Vacmet India 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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Brands
Vacmet India operates one associated brand: Vacmet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flexible packaging films, BOPET, BOPP, and metalized paper are manufactured. | vpipl.co.in |
Business activity
The main business activity of Vacmet India 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 Vacmet India Limited, buy the company report.
Financials of Vacmet India Limited
FY 2025 filings availableVacmet India Limited reported revenue of ₹2,976.42 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹2,976.42 Cr ▲ 11%
Net profit · FY 2025
₹162.69 Cr margin 5.5%
EBITDA · FY 2025
₹372.27 Cr margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 5%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 219%
3 years · compounded
▼ 11%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 11% growth in the latest year. EBITDA rose 219% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2,976.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹372.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹162.69 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | ||||
| Net Profit Margin | 5.5% | ||||
| 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 Vacmet India Limited, buy the company report.
Board of directors of Vacmet India Limited
Vacmet India has 9 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Narain Agarwal Also directs: Span Fintech LLP, Vacmet Industries and Infrastructures Limited | Whole-Time Director | 03 Mar 1993 | 33 Years 8 Months | Current |
| Mayank Agarwal Also directs: Vacmet Finance and Investments Limited | Whole-Time Director | 24 Mar 2009 | 17 Years 7 Months | Current |
| Rahul Agarwal Also directs: Vacmet Finance and Investments Limited | Whole-Time Director | 24 Mar 2009 | 17 Years 7 Months | Current |
| Nitin Agarwal | Whole-Time Director | 24 Mar 2009 | 17 Years 7 Months | Current |
| Rekha Rani Agarwal | Whole-Time Director | 16 Jun 2014 | 12 Years 4 Months | Current |
| Shilendra Shanker Kulshrestha | Director | 17 Mar 2017 | 9 Years 7 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Vacmet India Limited is audited by M/s MSKA & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s MSKA & Associates | FY 2024 | 105047W |
Shareholding
The shareholding of Vacmet India 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 Vacmet India Limited, buy the company report.
Charges & borrowings
Open charges
₹1,145.61 Cr
Satisfied charges
₹778.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2022 | 100579112 | Citi Bank N.A. | ₹75 Cr | Open | |
| 30 Apr 2022 | 100574463 | Axis Bank Limited | ₹100 Cr | Open | |
| 15 May 2021 | 100444429 | Others | ₹17.8 Cr | Open | |
| 29 Apr 2021 | 100441493 | Others | ₹15.13 Cr | Open | |
| 20 Mar 2021 | 100429258 | Others | ₹18.34 Cr | Open |
To see the full charge records of Vacmet India Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Vacmet India Limited has 15 deals on record (9 secondary share transfers, 6 funding rounds), with disclosed funding of ₹71.71 Cr; the latest was in March 2022.
Total deals
15
Secondary share transfers
9
Funding rounds
6
Disclosed funding
₹71.71 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shushre Securities Private Limited , Ganpati Fincap Services Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Shushre Securities Private Limited , 2 individuals Seller: 4 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: KMC Port Folio Private Limited Seller: Moderate Credit Corporation Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Betsy Growth Finance Limited , Avail Financial Services Limited , Hillridge Investments Limited |
| Oct 2007 | Funding round | ₹5 Cr | Investors: Ganpati Fincap Services Private Limited |
To see the full deal history of Vacmet India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vacmet India Limited has 47 court cases on record: 17 filed by Vacmet India, 30 filed against it. 16 cases are pending and 31 are disposed.
Total cases
47
Filed by the company
17
Filed against the company
30
Pending
16
Disposed
31
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 8 | 8 |
| District courts | 20 | 17 | 7 |
| Supreme Court | 5 | 5 | 1 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against Wipro Enterprises Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against XS Productions India Private Limited | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Wipro Enterprises Pvt. Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Wipro Enterprises Pvt. Ltd | Disposed |
| District court, Agra, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against Ms. Mlon Metallic Pvt. Ltd. | Disposed |
To see the full case history of Vacmet India 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.
Credit ratings & regulatory alerts
Vacmet India Limited was last rated by Icra on 04 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Mar 2021 |
To see the full credit ratings and regulatory alerts of Vacmet India Limited, buy the company report.
MSME payment delays
Vacmet India Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 63 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Siriram Filteration & Engineering | |||
| Premier Road Carriers Ltd | |||
| an individual supplier | |||
| an individual supplier | |||
| Synchronics Electronics Private Limited |
To see the full MSME payment records of Vacmet India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vacmet India Limited has a workforce of 1,490 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
1,490
Active EPFO establishments
2
Employee growth
2.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,490 |
| 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 Vacmet India Limited, buy the company report.
GST
Vacmet India has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACV5120B1ZU | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AAACV5120B2ZT | Uttar Pradesh | Active | 02 Aug 2017 |
| 23AAACV5120B1Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
| 07AAACV5120B1ZY | Delhi | Active | 02 Aug 2017 |
To see the full GST registrations and return filing status of Vacmet India Limited, buy the company report.
Recent activity
Vacmet India Limited has 30 board changes on record since 1993: 9 appointments and 21 cessations. The latest: Akhil Ahuja was appointed as Director on 15 Oct 2025.
Appointed
Akhil Ahuja was appointed as Director.
AGM
Vacmet India Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Filing
Vacmet India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh Ii.
Charges
A charge with Citi Bank N.A. of Rs. 75.00 Cr registered on 13 May 2022 with Charge ID 100579112 was modified on 26 Nov 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 150.00 Cr registered on 28 Sep 2016 with Charge ID 100056748 was modified on 26 Nov 2024.
Appointed
Pradeep Kumar Agarwal was appointed as Whole-Time Director.
Charges
A charge with Axis Bank Limited of Rs. 100.00 Cr registered on 30 Apr 2022 with Charge ID 100574463 was modified on 21 Jul 2022.
Charges
A charge registered on 10 Apr 2017 via Charge ID 100095186 with Others was fully satisfied on 09 Jun 2022.
Ceased
Rajesh Kumar Srivastava ceased to be Additional Director.
Charges
A charge with Citi Bank N.A. amounted to Rs. 75.00 Cr with Charge ID 100579112 was registered on 13 May 2022.
Ceased
Rekha Rani Agarwal ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 100.00 Cr with Charge ID 100574463 was registered on 30 Apr 2022.
105 earlier events are in the company report.
Frequently asked questions
Vacmet India is an active public limited company based in Agra, Uttar Pradesh, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 03 March 1993 (33+ years old) and is registered under CIN U74899UP1993PLC034039.
Vacmet India has 9 current directors:
- Raj Narain Agarwal - Whole-Time Director
- Mayank Agarwal - Whole-Time Director
- Rahul Agarwal - Whole-Time Director
- Nitin Agarwal - Whole-Time Director
- Rekha Rani Agarwal - Whole-Time Director
- Pradeep Kumar Agarwal - Whole-Time Director
- Shilendra Shanker Kulshrestha - Director
- Rajesh Kumar Srivastava - Director
- Akhil Ahuja - Director
The latest financial statements of Vacmet India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vacmet India is 09AAACV5120B1ZU, registered in Uttar Pradesh. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAACV5120B2ZT (Uttar Pradesh), 23AAACV5120B1Z4 (Madhya Pradesh), 07AAACV5120B1ZY (Delhi).
The CIN (Corporate Identification Number) of Vacmet India is U74899UP1993PLC034039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vacmet India has 47 court cases on record: 17 filed by the company and 30 filed against it. 16 are pending. Most are in the high courts.
Vacmet India was incorporated on 03 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Vacmet India has 15 deals on record (9 secondary share transfers, 6 funding rounds), with disclosed funding of ₹71.71 Cr; the latest was in March 2022.
Akhil Ahuja was appointed as Director on 15 Oct 2025. Pradeep Kumar Agarwal was appointed as Whole-Time Director on 26 Oct 2023. Rajesh Kumar Srivastava ceased to be Additional Director on 31 May 2022. Vacmet India has 30 board changes on record in total.
Vacmet India has 8 MSME Form 1 returns on record between 2021 and 2024, listing 63 overdue payments to 27 micro and small suppliers. The latest return was filed on 01 May 2024.
Vacmet India can be reached through the website vpipl.co.in. Its registered office is in Agra, Uttar Pradesh, India.
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