MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-08-0000490
Revenue · FY 2025
₹186.4 Cr
▲ 40% YoY
Net profit · FY 2025
₹2.32 Cr
Net margin 1.2%
EBITDA · FY 2025
₹9.37 Cr
EBITDA margin 5%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹3.4 Cr
Issued & subscribed
Open charges
₹20.79 Cr
Satisfied ₹11.82 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
707
Provident fund records
About Virgo Polymers India Limited
Data last updated:
Virgo Polymers India Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 05 March 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L25200TN1985PLC011622. Its GSTIN is 29AAACV8490Q2Z9 (Karnataka). The company holds 4 GST registrations, of which 3 are active. It is recorded as listed by MCA, but trading in its shares on BSE (531282) has been suspended since 31 May 1999 · penal reasons, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.4 Cr. It was formerly known as Virgo Polybags Limited and Virgo Polybags Private Limited. It is led by directors including Vivek Ramsisaria (Managing Director) and Mamta Ramsisaria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 1 – A Mmda Industrial Complex Maraimalai Nagar, Chennai, Tamil Nadu, India – 603209.
As per the financials filed for FY 2025, the company reported a revenue of ₹186.4 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹2.32 Cr (net margin 1.2%) and EBITDA of ₹9.37 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 17% over five years.
The company has about 707 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.79 Cr and satisfied charges of ₹11.82 Cr on record. Court records list 53 cases involving the company, including 46 filed by the company and 9 filed against it; 3 cases are pending.
Virgo Polymers India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-08-0000490). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fibcbigbags.com.
Company details
CIN L25200TN1985PLC011622
Registration Number 011622
Incorporation Date 05 March 1985
ROC Chennai
Listing Status Listed - Suspended on BSE (531282) since 31 May 1999 · penal reasons
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-08-0000490
Name history
Virgo Polymers India has undergone 2 name changes throughout its history. The company was previously known as Virgo Polybags Limited, and Virgo Polybags Private Limited. The current legal name is Virgo Polymers India Limited.
| Company Name | Status |
|---|---|
| Virgo Polymers India Limited | Current |
| Virgo Polybags Limited | Previous |
| Virgo Polybags Private Limited | Previous |
CIN history
Virgo Polymers India has one previous CIN (Corporate Identification Number): L25201TN1985PTC011622. The current CIN is L25200TN1985PLC011622, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25200TN1985PLC011622 | Current |
| L25201TN1985PTC011622 | Previous |
Key People
Vivek Ramsisaria Managing Director Mamta Ramsisaria Whole-Time Director Varun Ramsisaria Whole-Time Director Recognitions & Rankings of Virgo Polymers India
Contact details
Virgo Polymers India Limited's registered office is in Chennai, Tamil Nadu. Its website is fibcbigbags.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 1 – A Mmda Industrial Complex Maraimalai Nagar, Chennai, Tamil Nadu, India – 603209
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Virgo Polymers India Limited, buy the company report.
Comprehensive company report
Virgo Polymers 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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Business activity
The main business activity of Virgo Polymers 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 Virgo Polymers India Limited, buy the company report.
Financials of Virgo Polymers India Limited
FY 2025 filings availableVirgo Polymers India Limited reported revenue of ₹186.4 Cr (up 40% YoY) for FY 2025.
Revenue · FY 2025
₹186.4 Cr ▲ 40%
Net profit · FY 2025
₹2.32 Cr margin 1.2%
EBITDA · FY 2025
₹9.37 Cr margin 5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 16%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 27%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 40% growth in the latest year. EBITDA rose 50% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹9.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.32 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Virgo Polymers India Limited, buy the company report.
Board of directors of Virgo Polymers India Limited
Virgo Polymers India has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Peer comparison
Virgo Polymers India Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Polymers, Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sarvottam Polymers Private Limited | ₹190.45 Cr (FY 2024) | 22.0% | Mumbai, Maharashtra, India | |||
| Triveni Polymers Private Limited | ₹189.39 Cr (FY 2025) | 0.0% | Delhi, India | |||
| Kaypee Polyfab Private Limited | ₹187.49 Cr (FY 2025) | 13.0% | Kadi, Mehsana, Gujarat, India | |||
| Virgo Polymers India Limitedthis company | ₹186.4 Cr (FY 2025) | ₹2.32 Cr | 1.2% | 40.0% | 707 | Chennai, Tamil Nadu, India |
| Shivangi Polysack Private Limited | ₹186.18 Cr (FY 2025) | 61.0% | Kolkata, West Bengal, India | |||
| Flexi Caps & Polymers Private Limited | ₹176.39 Cr (FY 2025) | -2.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Virgo Polymers India Limited, buy the company report.
Auditor
Virgo Polymers India Limited is audited by venkat & Ranga LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| venkat & Ranga LLP | FY 2023 | 0004597S |
Shareholding
The shareholding of Virgo Polymers India 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 Virgo Polymers India Limited, buy the company report.
Charges & borrowings
Open charges
₹20.79 Cr
Satisfied charges
₹11.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2004 | 90308091 | State Bank of India | ₹20.79 Cr | Open | |
| 26 Mar 2019 | 100255838 | Others | ₹10.45 Lakh | Satisfied | |
| 30 Oct 2014 | 10553427 | Axis Bank Limited | ₹6.65 Lakh | Satisfied | |
| 27 Feb 2014 | 10523109 | Axis Bank Limited | ₹4.75 Lakh | Satisfied | |
| 07 May 1999 | 90308188 | The Tamil Nadu Industrial Investment Corpo. Ltd. | ₹10 Lakh | Satisfied |
To see the full charge records of Virgo Polymers India Limited, buy the company report.
Total charge records: 23 View all charges
Legal cases
Virgo Polymers India Limited has 53 court cases on record: 46 filed by Virgo Polymers India, 9 filed against it. 3 cases are pending and 50 are disposed.
Total cases
53
Filed by the company
46
Filed against the company
9
Pending
3
Disposed
50
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 7 | 3 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed against the company by M/S.Virgo Polymers India Limited, | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.Virgo Polymers India Limited, | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Virgo Polymers India Limited Employees Union, and 2 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against Virgo Polymers India Limited Employees Union, and 2 others | Disposed |
| High Court, TAMIL NADU | Court case (AS) | Filed by the company against M/S Ambadi Enterprises Ltd | Disposed |
To see the full case history of Virgo Polymers 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Virgo Polymers India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Virgo Polymers India Limited has a workforce of 707 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
707
Active EPFO establishments
1
Employee growth
-7.34%
GST
Virgo Polymers India has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV8490Q2Z9 | Karnataka | Active | 02 Sep 2017 |
| 34AAACV8490Q1ZJ | Puducherry | Active | 26 Apr 2019 |
| 32AAACV8490Q1ZN | Kerala | Active | 21 Apr 2022 |
To see the full GST registrations and return filing status of Virgo Polymers India Limited, buy the company report.
Recent activity
Virgo Polymers India Limited has 25 board changes on record since 2000: 16 appointments and 9 cessations. The latest: Krishnamurthy Murali was appointed as Company Secretary on 03 Apr 2025.
Charges
A charge with State Bank Of India of Rs. 20.79 Cr registered on 30 Dec 2004 with Charge ID 90308091 was modified on 07 May 2026.
AGM
Virgo Polymers India Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Krishnamurthy Murali was appointed as Company Secretary.
Filing
Virgo Polymers India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Sweety Goyal ceased to be Company Secretary.
Appointed
Sweety Goyal was appointed as Company Secretary.
Ceased
Raghavan Gopalaswami ceased to be Company Secretary.
Appointed
Raghavan Gopalaswami was appointed as Company Secretary.
Charges
A charge registered on 26 Mar 2019 via Charge ID 100255838 with Others was fully satisfied on 29 Apr 2022.
Ceased
Krishnan Ramakrishnan Iyer ceased to be Company Secretary.
Charges
A charge registered on 26 Feb 1997 via Charge ID 90308173 with Ceat Financial Services Ltd. was fully satisfied on 03 Jun 2021.
Charges
A charge registered on 29 Jan 1997 via Charge ID 90308171 with M/S. Ceat Financial Services Ltd. was fully satisfied on 03 Jun 2021.
64 earlier events are in the company report.
Frequently asked questions
Virgo Polymers India is an active public limited company based in Chennai, Tamil Nadu, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 05 March 1985 (41+ years old) and is registered under CIN L25200TN1985PLC011622.
Virgo Polymers India has 6 current directors:
- Vivek Ramsisaria - Managing Director
- Mamta Ramsisaria - Whole-Time Director
- Varun Ramsisaria - Whole-Time Director
- Rishav Sethia - Director
- Sagar Ramsisaria - Director
- Sunil Saraf - Director
The latest financial statements of Virgo Polymers India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Virgo Polymers India is 29AAACV8490Q2Z9, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 34AAACV8490Q1ZJ (Puducherry), 32AAACV8490Q1ZN (Kerala).
The CIN (Corporate Identification Number) of Virgo Polymers India is L25200TN1985PLC011622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virgo Polymers India is recorded as a listed company by MCA, but trading in its shares on BSE (531282) has been suspended since 31 May 1999 · penal reasons, so they do not currently trade on a stock exchange.
Virgo Polymers India has 53 court cases on record: 46 filed by the company and 9 filed against it. 3 are pending. Most are in the high courts.
Virgo Polymers India was incorporated on 05 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Virgo Polymers India by revenue are Sarvottam Polymers Private Limited, Triveni Polymers Private Limited, Kaypee Polyfab Private Limited, Shivangi Polysack Private Limited, Flexi Caps & Polymers Private Limited, all in the Packaging industry (Polymers, Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Krishnamurthy Murali was appointed as Company Secretary on 03 Apr 2025. Sweety Goyal ceased to be Company Secretary on 20 May 2024. Sweety Goyal was appointed as Company Secretary on 01 Apr 2023. Virgo Polymers India has 25 board changes on record in total.
Yes, Virgo Polymers India is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-08-0000490).