COMPANY INTELLIGENCE PROFILE
Attharv Sai Flexipack Private Limited
Attharv Sai Flexipack Pvt Ltd is a Nanjangud (Mysuru), Karnataka-based flexible packaging manufacturer, operating under the brand "Attharv Sai Flexipack" (website theme references "Darshan Packaging," matching an IndiaMART listing under "darshanpackagings-mysore" — likely the same manufacturing operation/trade name).
Attharv Sai Flexipack Pvt Ltd is a flexible packaging manufacturer based in Nanjangud, Karnataka. Operating under the brand Attharv Sai Flexipack, the company offers a range of products including pouches, pharma blister foils, shrink sleeves, and specialty packaging. It serves sectors like FMCG, pharma, and food & beverage. The company reported an operating revenue range of ₹100-500 Cr for FY2023 but faced a significant revenue drop to ₹51.81 Cr in FY2025. Legal proceedings with Kotak Mahindra Bank are ongoing.
AI-generated, may contain errors.
Business Overview
- Attharv Sai Flexipack Pvt Ltd is a Nanjangud (Mysuru), Karnataka-based flexible packaging manufacturer, operating under the brand "Attharv Sai Flexipack", website theme references "Darshan Packaging," matching an IndiaMART listing under "darshanpackagings-mysore" — likely the same manufacturing operation/trade name.
- Products: stand-up/spout/flat-bottom/center-seal/three-side-seal pouches, food-grade canisters and paper tubes, pharma blister foils and laminations, holographic/anti-counterfeit films, shrink sleeves, labels, display packs, and specialty packaging, tea-bag sachets, ice-cream cone sleeves, liquor packaging.
- Serves FMCG, pharma, confectionery, jewellery, incense, detergents, automobile, food & beverage, personal care, pet care and agri sectors.
- Cites a quality-control lab and a partnership with CFTRI for food-packaging innovation, plus sustainability/eco-friendly positioning., Source: attharvsai.in — company's own website; Falconebiz/Tofler independently classify it under manufacture of plastics/chemical products/non-metallic mineral & fabricated metal products, likely a broad NIC bucket rather than a precise activity description.
Sector & Classification
Manufacture of plastic products / flexible packaging (NIC group 25200) — sources describe it as flexible laminates, pouches, custom packaging manufacturer
Directors & Key Management
Directors — source notes
Confirmed by 2+ sources (Tofler, Falconebiz, TheCompanyCheck): 1. Renu Nischaldas Chugh — DIN 02889149 — Director & Shareholder, appointed 20 Dec 2013 (13 years tenure) 2. Ashwini Kumar Paramanand Hemdev (also rendered "Hemdev Paramanand Ashwini Kumar") — DIN 02753063 — Director & Shareholder, appointed 20 Dec 2013 (13 years tenure) No other directors/DINs found across sources. Indian Kanoon filings show Ashwinikumar Parmanand Hemdev acting as the company's authorized signatory in litigation.
GST Registrations
Not obtained. PAN AAHCP5141M was found (source: Tofler/TheCompanyCheck) but no source returned a verifiable GSTIN, home state confirmation beyond the Karnataka registered address, registration count, or GST status — knowyourgst.com, findgst.in and mastersindia.co lookups for this PAN/company all returned 404 or no data. Per instructions, no GSTIN is reported rather than guessed/constructed.
Financials
Attharv Sai Flexipack Private Limited reported a significant decline in financials for FY2025, with revenue at ₹51.81 Cr, down about 70.42% year-over-year. EBITDA and net profit plummeted over 485% and 4667.83% respectively, suggesting a shift from profit to loss.
AI-generated, may contain errors.
| Partial, single-source, Tofler via TheCompanyCheck-style summary; figures behind Tofler's paywall for full statements: | |
| FY2023, year ended 31 Mar 2023 | operating revenue band reported as ₹100–500 Cr, Tofler range bucket, not exact figure |
| FY2025, year ended 31 Mar 2025 | Revenue ₹51.81 Cr, down ~70.42% YoY, TheCompanyCheck/Tofler, — implies FY2024 revenue was materially higher, roughly ₹170+ Cr, consistent with the FY23 band, though no exact FY24 figure was obtained |
| EBITDA down | ~485% YoY, Net Profit down ~4,667.83% YoY, Net worth down ~205.26%, Borrowings down ~4.57%, Assets down ~56.61%, all YoY % changes only, FY2025 vs FY2024 — Tofler; absolute EBITDA/PAT/net worth/borrowings values are paywalled/"locked", not obtained |
| Standalone vs consolidated | not specified by source; company has no disclosed subsidiaries, so figures are presumed standalone. |
| Not obtained | absolute revenue/EBITDA/PAT/net worth/borrowings values for FY2024 or FY2025; balance sheet detail. |
| Caution | the steep negative percentage swings, esp. Net Profit -4667%, suggest either a swing from profit to loss or a low base-year denominator — treat as directional signal only, not confirmed magnitude. |
Funding History
- None found. No VC/PE funding rounds, investors, or Tracxn-listed funding events were located. Company appears to be promoter/bank-debt funded, see charges below, not VC-backed.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| Bank of Baroda | ~₹166.7 Cr | across 2 charges |
| Kotak Mahindra Bank | ~₹15.2 Cr | |
| SIDBI | ~₹12.6 Cr | across 4 charges |
| Tata Capital | ~₹7.0 Cr |
- Partial, source: TheCompanyCheck/Tofler-derived: Cumulative charges — Open (outstanding) charges ₹202.24 Cr
- Satisfied (closed) charges ₹141.58 Cr.
- Note: individual lender figures and the aggregate "open charges" total don't fully reconcile across the two source snapshots — reported as-is with the discrepancy flagged
- Treat as partial/approximate, not final outstanding-debt figures.
Credit Ratings
- Not obtained. No CRISIL/ICRA/CARE rating was found on any of the fetched sources
- TheCompanyCheck/Tofler indicate rating detail (if any) is behind a paywall with nothing disclosed publicly.
Legal & Compliance
- Partial, source: Indian Kanoon: Multiple Madras High Court criminal-side matters titled "M/S.
- Attharv Sai Flexipack Private Limited vs M/S Kotak Mahindra Bank Limited" (e.g., CRL OP No.
- 16109 of 2026, before Justice M.
- Nirmal Kumar; related orders dated 11 Jun 2026, 25 Jun 2026, and 23 Jul 2026 before Justice D.
- Bharatha Chakravarthy) — pattern suggests cheque-bounce/loan-recovery-adjacent litigation with a lender, consistent with the Kotak Mahindra Bank charge listed above.
- Also one Bangalore District Court civil matter: "M/S Plasmix Private Limited vs M/S Attharv Sai Flexipack Private Limited", order dated 27 Mar 2026.
- Case numbers/full orders were not independently opened — reported as summarized by source
- Treat count/detail as approximate.
Competitive Landscape
- 3-6 named peers, similar-scale Indian flexible/pharma packaging manufacturers, rough scale tags based on general market knowledge, not scraped financials:
- 1. Uflex Ltd — large-cap, listed, pan-India flexible packaging major, much larger scale
- 2. Huhtamaki PPL (India) — large-cap, listed, flexible packaging & labels, much larger scale
- 3. Positive Packaging Industries — mid-large, private, flexible packaging
- 4. Parikh Packaging / Parikh Group — mid-size private flexible packaging
- 5. Krriyan Kontainers Pvt Ltd — small, private, Mysuru-linked, common directors — see related_parties, comparable/smaller scale
- 6. Cosmo First Ltd, packaging films segment, — large-cap, listed, much larger scale, upstream film supplier rather than direct pouch-converter peer
- Note: these are illustrative same-sector peers based on general industry knowledge; not sourced from a dedicated competitor-mapping tool, so treat as indicative only.
Frequently Asked Questions
What does Attharv Sai Flexipack Pvt Ltd do?
Attharv Sai Flexipack Pvt Ltd is a Nanjangud (Mysuru), Karnataka-based manufacturer specializing in flexible packaging products. They produce items such as stand-up spout, flat-bottom, center-seal, and three-side-seal pouches, as well as food-grade canisters, pharma blister foils, shrink sleeves, and specialty packaging. The company serves various sectors including FMCG, pharmaceuticals, and food and beverage.
What is the Corporate Identification Number (CIN) of Attharv Sai Flexipack Pvt Ltd?
The Corporate Identification Number (CIN) of Attharv Sai Flexipack Pvt Ltd is U25200KA2013PTC072664.
When was Attharv Sai Flexipack Pvt Ltd incorporated?
Attharv Sai Flexipack Pvt Ltd was incorporated on June 6, 2013.
What is the registered office address of Attharv Sai Flexipack Pvt Ltd?
The registered office of Attharv Sai Flexipack Pvt Ltd is located at Site No 302, Thandya Industrial Area, Opp. Balaji Granites, Nanjangud Taluk, Mysuru, Karnataka 571301.
Sources
Tofler (tofler.in) — CIN/PAN/capital/directors/DINs/financial % changes/charges; Falconebiz (falconebiz.com) — CIN/capital/address/business activity/DINs; TheCompanyCheck (thecompanycheck.com) — registered name/status/RoC/address/capital/FY2025 revenue/charges totals; Indian Kanoon (indiankanoon.org) — litigation records; Company website (attharvsai.in) — business overview, products, domain, logo, contact address. mastersindia.co, findgst.in, knowyourgst.com, cleartax.in, google.com, bing.com, duckduckgo.com were attempted for GSTIN/domain discovery — duckduckgo.com surfaced the attharvsai.in domain candidate; others returned 404/no usable data for GSTIN.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.