Company Intelligence Profile
Garuda Polyflex Foods Private Limited
Bangalore-based JV between Indonesia's Garuda Food (Tudung Group) and India's Polyflex Group, manufacturing "Gone Mad" branded wafer sticks and coated-wafer snacks since 2011.
Last updated 11 August 2026
Garuda Polyflex Foods Private Limited, a joint venture between Indonesia's Garuda Food and India's Polyflex Group, manufactures "Gone Mad" branded wafer-based snacks in Bangalore. As of FY2024-25, the company generated ₹27.1 crore in revenue, reflecting a significant decline from previous years. The company employs 153 individuals and faces an ongoing legal dispute in the Delhi High Court.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Garuda Polyflex Foods Private Limited |
|---|---|
| CIN | U15400KA2011PTC059287 |
| PAN | AAECG3047L |
| Status | Active |
| Listing | Unlisted (private limited company; not listed on any stock exchange) |
| Incorporated | 23 June 2011 |
| ROC | Registrar of Companies, Karnataka (Bangalore) |
| Sector (NIC) |
|
| Registered address | Two addresses on file across sources — Tofler: "Plot No. 11, Jigani Link Road, Bommasandra Industrial Area, Jigani, Bangalore, Anekal, Karnataka, 560105" |
| Authorized capital | ₹50.0 crore |
| Paid-up capital | ₹44.0 crore |
Business Overview
- Trades as "Gone Mad" — manufactures wafer-based snacks (wafer sticks/cubes, coated wafers, crackers) across 25+ SKUs in 6 categories
- Company is a June 2011 joint venture between Garuda Food (Indonesia, part of the Tudung Group — a ~$700M, 25-year food & beverage conglomerate) and the Polyflex Group (Bangalore-based, ~$50M diversified group)
- Factory inaugurated July 2012 at Jigani/Bommasandra, Karnataka; first products (Choco Sticks) launched August 2012; crossed ₹100 crore revenue milestone in December 2019
- Sources: gpfoods.co.in (About Us), Tofler (parent listed as "M/S. PT Tudung Putra Putri Jaya")
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anand Balram Nichani | 00943135 | Director | - |
| Hartono Atmadja | 03622492 | Director | 21 Nov 2011 |
| Ashok George | 07054615 | - | 19 Jun 2024 |
Financials
FY2024-25 (ended 31 Mar 2025) revenue: ₹27.1 crore per Tofler (a ~45% YoY decline)
Charges & Loans
- Two charges on record per Tofler: (1) Open — The Hongkong and Shanghai Banking Corporation Limited, ₹3.0 crore, created 01 Sep 2023, status Open
- (2) Satisfied — United Overseas Bank Limited, ₹3.0 crore, created 07 Jan 2013, status Satisfied
- Total open charges: ₹3 crore; total satisfied: ₹3 crore
Legal
- Indian Kanoon shows an active commercial dispute: Deepak Kumar Gupta vs. M/S Garuda Polyflex Foods Private Limited, Delhi High Court, Case No. 1695/2025 (hearings recorded 2 Sep 2025, 6 Nov 2025, 9 Mar 2026), rooted in an earlier Delhi District Court commercial suit CS(COMM) No. 236/2020 (hearing recorded 4 Oct 2024)
- Separately, an older Madras High Court employment-related writ petition, K. Velavan vs. The Managing Director (hearings 24 & 27 Jul 2017), touching the company's Bangalore operations
- No judgment outcomes/amounts were extractable — only docket/hearing entries
Competitors
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