About Velvin Packaging Private Limited
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Velvin Packaging Private Limited is a private limited company based in Goa, India. It operates in the paper, laminated and corrugated packaging segment of the packaging sector. It was incorporated on 23 February 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U21029GA1998PTC002528. Its GSTIN is 30AAACV7067M1Z4 (Goa).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Vincent Mathias (Managing Director) and Vartan Mathias.
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 D – 2 /14 Corlim Industrialestate Corlim, Goa, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.31 Cr. For the same year it recorded a net profit of ₹2.52 Cr (net margin 11.3%) and EBITDA of ₹4.17 Cr (EBITDA margin 18.7%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 13% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.99 Cr and satisfied charges of ₹6.29 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vel-vin.com.
Company details
Contact details
Velvin Packaging Private Limited's registered office is in Goa. Its website is vel-vin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 2 /14 Corlim Industrialestate Corlim, Goa, India
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Velvin Packaging Private Limited, buy the company report.
- 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
Business activity
The main business activity of Velvin 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 Velvin Packaging Private Limited, buy the company report.
Financials of Velvin Packaging Private Limited
FY 2025 filings availableVelvin Packaging Private Limited reported revenue of ₹22.31 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. EBITDA rose 4% 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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| EBITDA | ₹4.17 Cr | ||||
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| Net Profit (PAT) | ₹2.52 Cr | ||||
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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 | 18.7% | ||||
| Net Profit Margin | 11.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Velvin Packaging Private Limited, buy the company report.
Board of directors of Velvin Packaging Private Limited
Velvin Packaging has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vincent Mathias Also directs: Velvin Rengo Containers Private Limited, Velvin Packaging Solutions Private Limited, Velvin Technologies Private Limited and 2 more | Managing Director | 23 Feb 1998 | 28 Years 8 Months | Current |
| Vartan Mathias Also directs: Velvin Rengo Containers Private Limited | Director | 14 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Velvin Packaging Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Nice Wedding Cards Private Limited | ₹22.44 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Fair Pack Pvt Ltd | ₹22.42 Cr (FY 2025) | 24.0% | Udyognagar, Gujarat, India | |||
| Sri Anjaneya Cartons Private Limited | ₹22.38 Cr (FY 2023) | 59.0% | Chennai, Tamil Nadu, India | |||
| Brilliant Packaging Private Limited | ₹22.31 Cr (FY 2024) | -9.0% | Howrah, West Bengal, India | |||
| Vishal Box Company Private Limited | ₹22.31 Cr (FY 2025) | -13.0% | Noida, Uttar Pradesh, India | |||
| Velvin Packaging Private Limitedthis company | ₹22.31 Cr (FY 2024) | ₹2.52 Cr | 11.3% | 40 | Goa, India | |
| Greencore Paper Conversion Private Limited | ₹22.29 Cr (FY 2025) | 13.0% | Tijara, Rajasthan, India | |||
| Sugapriya Paper and Boards Private Limited | ₹22.24 Cr (FY 2024) | -24.0% | N Subbiahpuram, Sattur Taluk-5, Tamil Nadu, India |
To see the full peer comparison of Velvin Packaging Private Limited, buy the company report.
Auditor
Velvin Packaging Private Limited is audited by R.S. BHANDARE & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.S. BHANDARE & ASSOCIATES | FY 2023 | 138908W |
Shareholding
The shareholding of Velvin 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 Velvin Packaging Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2024 | 100920132 | Others | ₹34 Cr | Open | |
| 01 Mar 2007 | 10041658 | Citizencredit Co-Operative Bank Ltd. - Marol Branch | ₹40 Lakh | Open | |
| 01 Mar 2007 | 10041663 | Others | ₹1.59 Cr | Open | |
| 29 Jul 2016 | 100045062 | Others | ₹5.51 Cr | Satisfied | |
| 11 Mar 2015 | 10561175 | Canara Bank | ₹9.9 Lakh | Satisfied |
To see the full charge records of Velvin Packaging Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Velvin Packaging Private Limited has 3 court cases on record: 1 filed by Velvin Packaging, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Company petition | Filed against the company by an individual | Disposed |
| District court, North Goa, Goa | Court case (MCP) | Filed against the company | Disposed |
| District court, North Goa, Goa | Court case (SCS) | Filed by the company against Motiff Laborataries Pvt. Ltd. and Ors. | Disposed |
To see the full case history of Velvin 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
Velvin Packaging Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 11 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dukraft Paper Distributor Private Limited |
To see the full MSME payment records of Velvin Packaging Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Velvin Packaging Private Limited has a workforce of 40 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Velvin Packaging has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACV7067M1Z4 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velvin Packaging Private Limited, buy the company report.
Recent activity
Velvin Packaging Private Limited has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Premila Mathias ceased to be Director on 14 Mar 2025.
9 earlier events are in the company report.
Frequently asked questions
Velvin Packaging is an active private limited company based in Goa, India. The company works in paper, laminated and corrugated packaging, within the packaging industry. It was incorporated on 23 February 1998 (28+ years old) and is registered under CIN U21029GA1998PTC002528.
Velvin Packaging has 2 current directors:
- Vincent Mathias - Managing Director
- Vartan Mathias - Director
The latest financial statements of Velvin 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 2015 are in the company report.
The GSTIN of Velvin Packaging is 30AAACV7067M1Z4, registered in Goa.
The CIN (Corporate Identification Number) of Velvin Packaging is U21029GA1998PTC002528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velvin Packaging has 3 court cases on record: 1 filed by the company and 2 filed against it.
Velvin Packaging was incorporated on 23 February 1998, making it 28+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Velvin Packaging by revenue are Nice Wedding Cards Private Limited, Fair Pack Pvt Ltd, Sri Anjaneya Cartons Private Limited, Brilliant Packaging Private Limited, Vishal Box Company Private Limited and 2 more, 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).
Premila Mathias ceased to be Director on 14 Mar 2025. Vartan Mathias was appointed as Director on 14 Mar 2025. Premila Mathias was appointed as Director on 23 Feb 1998. Velvin Packaging has 4 board changes on record in total.
Velvin Packaging has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 11 overdue payments to 1 micro and small supplier. The latest return was filed on 31 May 2019.
Velvin Packaging can be reached through the website vel-vin.com. Its registered office is in Goa, India.
The registered office of Velvin Packaging is at D – 2 14 Corlim Industrialestate Corlim, Goa, India.